North Dakota ended Indiana's two-year streak as the state with the nation's highest loan-to-deposit ratio, according to findings released by federal regulators.
For the 12-month period that ended June 30, 2005, North Dakota's ratio rose 8 percentage points from the previous year, to 132%. Indiana's ratio dropped to 117%, from 149% as of June 30, 2004, and 163% in 2003.
Delaware (111%), Ohio (110%), Wisconsin (105%), and Michigan (104%) rounded out the top six.
The figures, released Tuesday, are used to measure a bank's compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act. An out-of-state bank is required to have a loan-to-deposit ratio at least one-half the ratio of the state in which it branches.
New Jersey had the lowest ratio (60%), followed by Nevada (68%), and Hawaii (71%).
