Banking Conditions Survey

Results summary

Historical data are available from March 2017.

Survey participants are given the opportunity to submit comments on current issues that may be affecting their businesses. Some comments have been edited for grammar and clarity.

• Geopolitical macro impacts are affecting consumer and business confidence.
• A company is building a $27 billion data center within 40 miles of our main office and within 10 miles of another branch, and it is generating lots of loans and deposits in our area.
• Looking ahead six months, I remain concerned about the economic environment. Inflation is running higher than preferred, the potential for interest-rate increases could raise borrowing costs for consumers and businesses, and ongoing geopolitical uncertainty continues to weigh on overall confidence.
• The duration of the U.S-Israel-Iran war has had a minor impact on business, but the rising price in oil has insulated the Texas economy. We are seeing some weakening in consumer markets driven by sustained higher inflation.
• The end to the war should motivate our small business and middle market clients to proceed with projects currently on hold.
• Inflation is eating away at the disposable income of most consumers. The feedback that we are receiving from local realtors is that residential home listings are up, but there are very few potential buyers right now.