South Carolina at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.6%
|
-4.4%
|
-0.1%
|
-0.9%
|
2.0%
|
|
Manufacturing (12%)
|
-11.6%
|
-9.4%
|
-2.5%
|
-3.0%
|
-1.0%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-8.9%
|
-9.0%
|
-9.7%
|
-8.6%
|
0.1%
|
|
Private Service-Producing (64%)
|
-3.7%
|
-3.9%
|
0.5%
|
-0.4%
|
2.8%
|
|
Government (18%)
|
-1.4%
|
-1.0%
|
3.4%
|
2.2%
|
1.8%
|
|
Unemployment Rate (% of labor force)
|
11.8%
|
10.9%
|
6.3%
|
6.9%
|
5.6%
|
| |
|
|
|
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Other Indicators
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-44.0%
|
-47.4%
|
-25.5%
|
-36.4%
|
-23.7%
|
|
Multifamily Building Permits
|
-75.0%
|
-55.6%
|
-54.5%
|
-24.4%
|
-14.2%
|
|
Home Price Index
|
-0.9%
|
0.4%
|
2.6%
|
2.0%
|
5.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.00
|
2.07
|
1.71
|
1.84
|
1.62
|
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|
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
90
|
88
|
92
|
88
|
93
|
|
Total Assets (in millions)
|
56,473
|
56,768
|
55,075
|
55,944
|
52,953
|
|
New Institutions (# < 3 years)
|
8
|
7
|
12
|
12
|
14
|
|
Subchapter S Institutions
|
5
|
5
|
5
|
5
|
5
|
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|
|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
4.57
|
4.18
|
1.91
|
3.45
|
1.53
|
|
Noncurrent Loans / Total Loans (median %)
|
2.62
|
2.18
|
0.97
|
1.81
|
0.50
|
|
ALLL/Total Loans (median %)
|
1.49
|
1.42
|
1.25
|
1.36
|
1.17
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|
ALLL/Noncurrent Loans (median multiple)
|
0.48
|
0.58
|
1.10
|
0.71
|
1.64
|
|
Net Loan Losses / Total Loans (median %)
|
0.68
|
0.33
|
0.04
|
0.25
|
0.08
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|
|
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.39
|
9.13
|
9.29
|
9.37
|
9.71
|
|
Return on Assets (median %)
|
0.07
|
0.37
|
0.60
|
0.35
|
0.83
|
|
Pretax Return on Assets (median %)
|
0.13
|
0.47
|
0.86
|
0.42
|
1.25
|
|
Net Interest Margin (median %)
|
3.21
|
3.26
|
3.54
|
3.49
|
3.97
|
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Yield on Earning Assets (median %)
|
5.40
|
5.58
|
6.25
|
6.29
|
7.36
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Cost of Funding Earning Assets (median %)
|
2.21
|
2.44
|
2.93
|
2.90
|
3.53
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Provisions to Avg. Assets (median %)
|
0.59
|
0.42
|
0.27
|
0.47
|
0.19
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Noninterest Income to Avg. Assets (median %)
|
0.50
|
0.56
|
0.59
|
0.61
|
0.69
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Overhead to Avg. Assets (median %)
|
3.04
|
2.88
|
2.95
|
2.99
|
3.10
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Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
72.2
|
74.2
|
74.6
|
76.2
|
75.3
|
|
Noncore Funding to Assets (median %)
|
31.9
|
32.6
|
31.8
|
33.8
|
28.5
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Long-term Assets to Assets (median %, call filers)
|
14.7
|
15.1
|
16.6
|
16.2
|
14.4
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Brokered Deposits (number of institutions)
|
52
|
52
|
50
|
53
|
45
|
|
Brokered Deposits to Assets (median % for those above)
|
10.0
|
14.0
|
9.9
|
14.1
|
9.1
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|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
66.4
|
67.5
|
68.8
|
64.5
|
66.4
|
|
Commercial Real Estate
|
336.2
|
341.8
|
347.3
|
353.3
|
326.2
|
|
Construction & Development
|
119.2
|
124.0
|
133.3
|
131.5
|
125.5
|
|
Multifamily Residential Real Estate
|
5.9
|
5.9
|
5.5
|
6.7
|
4.0
|
|
Nonresidential Real Estate
|
181.2
|
179.6
|
156.0
|
179.9
|
155.6
|
|
Residential Real Estate
|
218.2
|
222.0
|
208.1
|
217.9
|
185.6
|
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Consumer
|
22.9
|
24.3
|
27.8
|
26.3
|
24.5
|
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Agriculture
|
4.0
|
4.1
|
3.7
|
3.9
|
2.9
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BANKING PROFILE
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