Florida - First Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.5%
|
-0.2%
|
1.5%
|
0.5%
|
2.6%
|
|
Manufacturing (5%)
|
-5.2%
|
-4.8%
|
-3.0%
|
-4.1%
|
0.2%
|
|
Other (non-manufacturing) Goods-Producing (7%)
|
-12.0%
|
-11.3%
|
-3.2%
|
-8.2%
|
7.2%
|
|
Private Service-Producing (74%)
|
0.6%
|
1.0%
|
2.2%
|
1.4%
|
2.4%
|
|
Government (14%)
|
1.9%
|
1.9%
|
2.2%
|
2.3%
|
1.7%
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|
Unemployment Rate (% of labor force)
|
4.7%
|
4.4%
|
3.7%
|
4.0%
|
3.4%
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|
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Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-47.0%
|
-49.9%
|
-56.5%
|
-50.9%
|
-27.1%
|
|
Multifamily Building Permits
|
-34.6%
|
-37.2%
|
-40.3%
|
-41.4%
|
-23.3%
|
|
Home Price Index
|
-8.1%
|
-5.1%
|
4.4%
|
-0.6%
|
17.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.86
|
2.54
|
1.77
|
2.16
|
1.37
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
314
|
317
|
308
|
317
|
306
|
|
Total Assets (in millions)
|
164,642
|
160,215
|
168,735
|
160,215
|
165,813
|
|
New Institutions (# < 3 years)
|
63
|
66
|
55
|
66
|
57
|
|
Subchapter S Institutions
|
76
|
78
|
81
|
78
|
76
|
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|
|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.63
|
1.98
|
0.70
|
1.98
|
0.62
|
|
ALLL/Total Loans (median %)
|
1.22
|
1.20
|
1.15
|
1.20
|
1.16
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.75
|
0.94
|
2.51
|
0.94
|
3.55
|
|
Net Loan Losses / Total Loans (median %)
|
0.03
|
0.05
|
0.00
|
0.07
|
0.00
|
| |
|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.12
|
10.09
|
9.78
|
10.09
|
9.77
|
|
Return on Assets (median %)
|
0.21
|
0.32
|
0.74
|
0.48
|
0.91
|
|
Pretax Return on Assets (median %)
|
0.27
|
0.34
|
1.07
|
0.65
|
1.36
|
|
Net Interest Margin (median %)
|
3.53
|
3.78
|
3.95
|
3.83
|
4.10
|
|
Yield on Earning Assets (median %)
|
6.66
|
7.20
|
7.36
|
7.31
|
7.09
|
|
Cost of Funding Earning Assets (median %)
|
3.10
|
3.49
|
3.42
|
3.46
|
2.93
|
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Provisions to Avg. Assets (median %)
|
0.29
|
0.41
|
0.10
|
0.26
|
0.14
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Noninterest Income to Avg. Assets (median %)
|
0.37
|
0.39
|
0.41
|
0.38
|
0.48
|
|
Overhead to Avg. Assets (median %)
|
3.13
|
3.19
|
3.09
|
3.16
|
3.05
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
74.1
|
74.6
|
72.7
|
74.6
|
74.2
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Noncore Funding to Assets (median %)
|
31.5
|
30.7
|
27.7
|
30.7
|
29.2
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Long-term Assets to Assets (median %, call filers)
|
14.4
|
12.5
|
11.7
|
12.5
|
11.2
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|
Brokered Deposits (number of institutions)
|
179
|
171
|
156
|
171
|
150
|
|
Brokered Deposits to Assets (median % for those above)
|
6.8
|
6.5
|
5.8
|
6.5
|
6.3
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
58.3
|
55.1
|
54.2
|
55.1
|
53.8
|
|
Commercial Real Estate
|
424.3
|
393.1
|
406.0
|
393.1
|
405.6
|
|
Construction & Development
|
129.8
|
124.9
|
131.5
|
124.9
|
122.9
|
|
Multifamily Residential Real Estate
|
13.3
|
11.9
|
11.7
|
11.9
|
11.9
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|
Nonresidential Real Estate
|
212.1
|
206.5
|
196.6
|
206.5
|
199.9
|
|
Residential Real Estate
|
122.7
|
126.4
|
133.7
|
126.4
|
138.5
|
|
Consumer
|
8.7
|
9.2
|
9.8
|
9.2
|
10.5
|
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Agriculture
|
0.1
|
0.0
|
0.0
|
0.0
|
0.1
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BANKING PROFILE
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