Georgia - 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
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Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.9%
|
0.9%
|
1.9%
|
1.4%
|
2.2%
|
|
Manufacturing (10%)
|
-2.9%
|
-3.5%
|
-3.4%
|
-3.7%
|
-0.5%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-1.0%
|
-1.2%
|
4.0%
|
1.0%
|
4.6%
|
|
Private Service-Producing (68%)
|
1.5%
|
1.7%
|
2.5%
|
2.2%
|
2.5%
|
|
Government (16%)
|
1.6%
|
1.5%
|
2.3%
|
1.9%
|
2.1%
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|
Unemployment Rate (% of labor force)
|
5.1%
|
4.5%
|
4.2%
|
4.4%
|
4.6%
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|
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Other Indicators
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-51.5%
|
-51.4%
|
-24.7%
|
-36.4%
|
-8.5%
|
|
Multifamily Building Permits
|
-60.1%
|
-38.8%
|
-10.2%
|
-2.5%
|
23.1%
|
|
Home Price Index
|
2.2%
|
2.9%
|
5.0%
|
4.1%
|
5.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.48
|
5.54
|
4.74
|
5.07
|
4.25
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BANKING TRENDS
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General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
357
|
352
|
352
|
352
|
352
|
|
Total Assets (in millions)
|
288,441
|
284,736
|
290,315
|
284,736
|
284,698
|
|
New Institutions (# < 3 years)
|
50
|
47
|
49
|
47
|
48
|
|
Subchapter S Institutions
|
81
|
76
|
74
|
76
|
70
|
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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 %)
|
3.18
|
2.79
|
1.66
|
2.79
|
1.62
|
|
ALLL/Total Loans (median %)
|
1.32
|
1.34
|
1.27
|
1.34
|
1.27
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.76
|
1.13
|
2.10
|
1.13
|
2.20
|
|
Net Loan Losses / Total Loans (median %)
|
0.08
|
0.25
|
0.02
|
0.15
|
0.08
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|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.44
|
9.50
|
9.47
|
9.50
|
9.55
|
|
Return on Assets (median %)
|
0.63
|
0.64
|
1.13
|
0.95
|
1.20
|
|
Pretax Return on Assets (median %)
|
0.88
|
0.89
|
1.56
|
1.31
|
1.66
|
|
Net Interest Margin (median %)
|
3.66
|
4.07
|
4.32
|
4.20
|
4.51
|
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Yield on Earning Assets (median %)
|
7.04
|
7.79
|
7.97
|
7.98
|
7.75
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|
Cost of Funding Earning Assets (median %)
|
3.46
|
3.82
|
3.66
|
3.79
|
3.19
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Provisions to Avg. Assets (median %)
|
0.25
|
0.42
|
0.18
|
0.28
|
0.24
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Noninterest Income to Avg. Assets (median %)
|
0.60
|
0.59
|
0.64
|
0.61
|
0.66
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Overhead to Avg. Assets (median %)
|
2.96
|
2.98
|
2.92
|
2.98
|
3.00
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
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Loans to Assets (median %)
|
75.1
|
74.9
|
73.2
|
74.9
|
73.2
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Noncore Funding to Assets (median %)
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30.7
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29.4
|
27.3
|
29.4
|
28.6
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Long-term Assets to Assets (median %, call filers)
|
10.8
|
8.9
|
7.4
|
8.9
|
6.9
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|
Brokered Deposits (number of institutions)
|
217
|
218
|
212
|
218
|
218
|
|
Brokered Deposits to Assets (median % for those above)
|
10.0
|
9.6
|
9.0
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9.6
|
9.0
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
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Commercial and Industrial
|
68.6
|
69.8
|
70.5
|
69.8
|
70.3
|
|
Commercial Real Estate
|
437.1
|
421.2
|
389.9
|
421.2
|
381.6
|
|
Construction & Development
|
178.5
|
188.5
|
179.6
|
188.5
|
171.6
|
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Multifamily Residential Real Estate
|
7.6
|
7.2
|
5.6
|
7.2
|
4.7
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Nonresidential Real Estate
|
192.8
|
186.7
|
181.8
|
186.7
|
183.6
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Residential Real Estate
|
141.5
|
139.5
|
140.1
|
139.5
|
142.6
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Consumer
|
29.1
|
30.4
|
31.6
|
30.4
|
33.3
|
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Agriculture
|
9.3
|
9.7
|
8.4
|
9.7
|
7.7
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BANKING PROFILE
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