Table 1 Open in new tab Summary...

	Observations	Mean	SD	Min	Max
A. Relationship characteristics
Policy rate (pp)	46,132,510	1.82	1.23	0.50	5.32
Deposit rate (pp)	46,132,510	1.29	1.18	0.07	4.92
Deposit spread (pp)	46,132,510	0.54	1.37	–2.84	4.76
Loan rate (pp)	11,883,905	3.59	1.66	1.23	9.01
Loan spread (pp)	11,883,905	1.54	1.65	–3.12	7.19
Mean deposit volume (NOK)	46,132,510	140,000	300,000	0	2,000,000
Mean loan volume (NOK)	46,132,510	160,000	510,000	0	4,000,000
Final loan volume (NOK)	46,132,510	1,100,000	1,500,000	0	6,900,000
Mean household debt (NOK)	46,132,510	970,000	1,300,000	0	6,900,000
Deposit interest lost (pp)	46,132,510	2.40	1.22	–3.06	4.82
Deposit money lost (NOK)	46,132,510	320,000	480,000	0	1,800,000
Relationship duration (years)	46,132,510	8.91	4.26	1.00	15.00
B. Household characteristics
I(Age < 30)	46,132,510	.34	.47	.00	1.00
I(Education group 1)	45,754,686	.15	.35	.00	1.00
I(Education group 2)	45,754,686	.42	.49	.00	1.00
I(Education group 3)	45,754,686	.30	.46	.00	1.00
I(Education group 4)	45,754,686	.13	.34	.00	1.00
I(Has real estate)	46,132,510	.53	.50	.00	1.00
House value (NOK)	46,132,510	1,200,000	1,900,000	–5,000,000	440,000,000
HH’s # of banks	46,132,510	2.88	1.60	1.00	7.00
Population density	12,918,625	1.00	0.87	0.00	2.40
C. Bank and market characteristics
Conversion	46,132,508	3.41	2.52	0.00	8.93
Bank deposits (NOK mio)	46,132,510	86,000	110,000	0	310,000
HHI(D)	46,132,510	.30	.12	.11	.86
HHI(L)	46,132,510	.18	.09	.08	.86
WHHI(D)	46,132,510	.30	.07	.13	.69
WHHI(L)	46,132,510	.18	.05	.00	.49
WMS(D)	46,132,510	.31	.16	.00	.69
WMS(L)	46,132,510	.16	.10	.00	.52

Observations

Mean

Min

Max

A. Relationship characteristics

Policy rate (pp)

46,132,510

1.82

1.23

0.50

5.32

Deposit rate (pp)

46,132,510

1.29

1.18

0.07

4.92

Deposit spread (pp)

46,132,510

0.54

1.37

–2.84

4.76

Loan rate (pp)

11,883,905

3.59

1.66

1.23

9.01

Loan spread (pp)

11,883,905

1.54

1.65

–3.12

7.19

Mean deposit volume (NOK)

46,132,510

140,000

300,000

2,000,000

Mean loan volume (NOK)

46,132,510

160,000

510,000

4,000,000

Final loan volume (NOK)

46,132,510

1,100,000

1,500,000

6,900,000

Mean household debt (NOK)

46,132,510

970,000

1,300,000

6,900,000

Deposit interest lost (pp)

46,132,510

2.40

1.22

–3.06

4.82

Deposit money lost (NOK)

46,132,510

320,000

480,000

1,800,000

Relationship duration (years)

46,132,510

8.91

4.26

1.00

15.00

B. Household characteristics

I(Age < 30)

46,132,510

.34

.47

.00

1.00

I(Education group 1)

45,754,686

.15

.35

.00

1.00

I(Education group 2)

45,754,686

.42

.49

.00

1.00

I(Education group 3)

45,754,686

.30

.46

.00

1.00

I(Education group 4)

45,754,686

.13

.34

.00

1.00

I(Has real estate)

46,132,510

.53

.50

.00

1.00

House value (NOK)

46,132,510

1,200,000

1,900,000

–5,000,000

440,000,000

HH’s # of banks

46,132,510

2.88

1.60

1.00

7.00

Population density

12,918,625

1.00

0.87

0.00

2.40

C. Bank and market characteristics

Conversion

46,132,508

3.41

2.52

0.00

8.93

Bank deposits (NOK mio)

46,132,510

86,000

110,000

310,000

HHI(D)

46,132,510

.30

.12

.11

.86

HHI(L)

46,132,510

.18

.09

.08

.86

WHHI(D)

46,132,510

.30

.07

.13

.69

WHHI(L)

46,132,510

.18

.05

.00

.49

WMS(D)

46,132,510

.31

.16

.00

.69

WMS(L)

46,132,510

.16

.10

.00

.52

	Observations	Mean	SD	Min	Max
A. Relationship characteristics
Policy rate (pp)	46,132,510	1.82	1.23	0.50	5.32
Deposit rate (pp)	46,132,510	1.29	1.18	0.07	4.92
Deposit spread (pp)	46,132,510	0.54	1.37	–2.84	4.76
Loan rate (pp)	11,883,905	3.59	1.66	1.23	9.01
Loan spread (pp)	11,883,905	1.54	1.65	–3.12	7.19
Mean deposit volume (NOK)	46,132,510	140,000	300,000	0	2,000,000
Mean loan volume (NOK)	46,132,510	160,000	510,000	0	4,000,000
Final loan volume (NOK)	46,132,510	1,100,000	1,500,000	0	6,900,000
Mean household debt (NOK)	46,132,510	970,000	1,300,000	0	6,900,000
Deposit interest lost (pp)	46,132,510	2.40	1.22	–3.06	4.82
Deposit money lost (NOK)	46,132,510	320,000	480,000	0	1,800,000
Relationship duration (years)	46,132,510	8.91	4.26	1.00	15.00
B. Household characteristics
I(Age < 30)	46,132,510	.34	.47	.00	1.00
I(Education group 1)	45,754,686	.15	.35	.00	1.00
I(Education group 2)	45,754,686	.42	.49	.00	1.00
I(Education group 3)	45,754,686	.30	.46	.00	1.00
I(Education group 4)	45,754,686	.13	.34	.00	1.00
I(Has real estate)	46,132,510	.53	.50	.00	1.00
House value (NOK)	46,132,510	1,200,000	1,900,000	–5,000,000	440,000,000
HH’s # of banks	46,132,510	2.88	1.60	1.00	7.00
Population density	12,918,625	1.00	0.87	0.00	2.40
C. Bank and market characteristics
Conversion	46,132,508	3.41	2.52	0.00	8.93
Bank deposits (NOK mio)	46,132,510	86,000	110,000	0	310,000
HHI(D)	46,132,510	.30	.12	.11	.86
HHI(L)	46,132,510	.18	.09	.08	.86
WHHI(D)	46,132,510	.30	.07	.13	.69
WHHI(L)	46,132,510	.18	.05	.00	.49
WMS(D)	46,132,510	.31	.16	.00	.69
WMS(L)	46,132,510	.16	.10	.00	.52

Table 1

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Summary statistics

	Observations	Mean	SD	Min	Max
A. Relationship characteristics
Policy rate (pp)	46,132,510	1.82	1.23	0.50	5.32
Deposit rate (pp)	46,132,510	1.29	1.18	0.07	4.92
Deposit spread (pp)	46,132,510	0.54	1.37	–2.84	4.76
Loan rate (pp)	11,883,905	3.59	1.66	1.23	9.01
Loan spread (pp)	11,883,905	1.54	1.65	–3.12	7.19
Mean deposit volume (NOK)	46,132,510	140,000	300,000	0	2,000,000
Mean loan volume (NOK)	46,132,510	160,000	510,000	0	4,000,000
Final loan volume (NOK)	46,132,510	1,100,000	1,500,000	0	6,900,000
Mean household debt (NOK)	46,132,510	970,000	1,300,000	0	6,900,000
Deposit interest lost (pp)	46,132,510	2.40	1.22	–3.06	4.82
Deposit money lost (NOK)	46,132,510	320,000	480,000	0	1,800,000
Relationship duration (years)	46,132,510	8.91	4.26	1.00	15.00
B. Household characteristics
I(Age < 30)	46,132,510	.34	.47	.00	1.00
I(Education group 1)	45,754,686	.15	.35	.00	1.00
I(Education group 2)	45,754,686	.42	.49	.00	1.00
I(Education group 3)	45,754,686	.30	.46	.00	1.00
I(Education group 4)	45,754,686	.13	.34	.00	1.00
I(Has real estate)	46,132,510	.53	.50	.00	1.00
House value (NOK)	46,132,510	1,200,000	1,900,000	–5,000,000	440,000,000
HH’s # of banks	46,132,510	2.88	1.60	1.00	7.00
Population density	12,918,625	1.00	0.87	0.00	2.40
C. Bank and market characteristics
Conversion	46,132,508	3.41	2.52	0.00	8.93
Bank deposits (NOK mio)	46,132,510	86,000	110,000	0	310,000
HHI(D)	46,132,510	.30	.12	.11	.86
HHI(L)	46,132,510	.18	.09	.08	.86
WHHI(D)	46,132,510	.30	.07	.13	.69
WHHI(L)	46,132,510	.18	.05	.00	.49
WMS(D)	46,132,510	.31	.16	.00	.69
WMS(L)	46,132,510	.16	.10	.00	.52

	Observations	Mean	SD	Min	Max
A. Relationship characteristics
Policy rate (pp)	46,132,510	1.82	1.23	0.50	5.32
Deposit rate (pp)	46,132,510	1.29	1.18	0.07	4.92
Deposit spread (pp)	46,132,510	0.54	1.37	–2.84	4.76
Loan rate (pp)	11,883,905	3.59	1.66	1.23	9.01
Loan spread (pp)	11,883,905	1.54	1.65	–3.12	7.19
Mean deposit volume (NOK)	46,132,510	140,000	300,000	0	2,000,000
Mean loan volume (NOK)	46,132,510	160,000	510,000	0	4,000,000
Final loan volume (NOK)	46,132,510	1,100,000	1,500,000	0	6,900,000
Mean household debt (NOK)	46,132,510	970,000	1,300,000	0	6,900,000
Deposit interest lost (pp)	46,132,510	2.40	1.22	–3.06	4.82
Deposit money lost (NOK)	46,132,510	320,000	480,000	0	1,800,000
Relationship duration (years)	46,132,510	8.91	4.26	1.00	15.00
B. Household characteristics
I(Age < 30)	46,132,510	.34	.47	.00	1.00
I(Education group 1)	45,754,686	.15	.35	.00	1.00
I(Education group 2)	45,754,686	.42	.49	.00	1.00
I(Education group 3)	45,754,686	.30	.46	.00	1.00
I(Education group 4)	45,754,686	.13	.34	.00	1.00
I(Has real estate)	46,132,510	.53	.50	.00	1.00
House value (NOK)	46,132,510	1,200,000	1,900,000	–5,000,000	440,000,000
HH’s # of banks	46,132,510	2.88	1.60	1.00	7.00
Population density	12,918,625	1.00	0.87	0.00	2.40
C. Bank and market characteristics
Conversion	46,132,508	3.41	2.52	0.00	8.93
Bank deposits (NOK mio)	46,132,510	86,000	110,000	0	310,000
HHI(D)	46,132,510	.30	.12	.11	.86
HHI(L)	46,132,510	.18	.09	.08	.86
WHHI(D)	46,132,510	.30	.07	.13	.69
WHHI(L)	46,132,510	.18	.05	.00	.49
WMS(D)	46,132,510	.31	.16	.00	.69
WMS(L)	46,132,510	.16	.10	.00	.52

Panel A shows household bank relationship characteristics. Rates and spreads (against the policy rate) are expressed in percentage points (pp), volumes in Norwegian Kroners (NOK). Panel B shows household characteristics, mostly with indicators denoted as I. Panel C shows bank and municipal market characteristics. There HHI(D) and HHI(L) stand for the household municipality’s Herfindahl-Hirschmann index (HHI) for the deposit (D) and loan (L) market, respectively. WHHI(D) and WHHI(L) stand for the corresponding bank-level values, weighted by the bank’s portfolios across municipalities, while WMS stand for each bank’s weighted market share. The conversion variable summarizes the bank-level means of each relationship’s mean loan over mean deposit volume.

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