West Virginia - 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)
|
0.3%
|
-0.1%
|
0.2%
|
0.1%
|
1.3%
|
|
Manufacturing (8%)
|
-2.5%
|
-3.1%
|
-3.7%
|
-3.3%
|
-2.0%
|
|
Other (non-manufacturing) Goods-Producing (9%)
|
-2.0%
|
-2.3%
|
2.5%
|
-0.3%
|
7.3%
|
|
Private Service-Producing (64%)
|
1.1%
|
0.7%
|
0.2%
|
0.6%
|
1.1%
|
|
Government (19%)
|
-0.2%
|
-0.2%
|
0.7%
|
0.3%
|
0.9%
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|
Unemployment Rate (% of labor force)
|
4.6%
|
4.6%
|
4.4%
|
4.6%
|
4.7%
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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
|
-20.0%
|
-16.8%
|
-39.9%
|
-22.2%
|
-11.0%
|
|
Multifamily Building Permits
|
300.0%
|
1485.3%
|
-44.4%
|
217.5%
|
-28.6%
|
|
Home Price Index
|
2.5%
|
3.0%
|
4.3%
|
3.9%
|
7.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.58
|
2.39
|
2.36
|
2.40
|
1.61
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
68
|
68
|
70
|
68
|
70
|
|
Total Assets (in millions)
|
23,259
|
23,010
|
21,641
|
23,010
|
21,256
|
|
New Institutions (# < 3 years)
|
0
|
0
|
1
|
0
|
1
|
|
Subchapter S Institutions
|
5
|
5
|
5
|
5
|
5
|
| |
|
|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.59
|
2.40
|
1.91
|
2.40
|
2.32
|
|
ALLL/Total Loans (median %)
|
1.10
|
1.10
|
1.11
|
1.10
|
1.11
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|
ALLL/Noncurrent Loans (median multiple)
|
1.29
|
1.33
|
1.99
|
1.33
|
1.60
|
|
Net Loan Losses / Total Loans (median %)
|
0.04
|
0.10
|
0.04
|
0.12
|
0.09
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| |
|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.03
|
9.96
|
10.32
|
9.96
|
10.35
|
|
Return on Assets (median %)
|
0.97
|
0.84
|
0.98
|
0.93
|
1.02
|
|
Pretax Return on Assets (median %)
|
1.34
|
1.21
|
1.42
|
1.38
|
1.45
|
|
Net Interest Margin (median %)
|
4.05
|
4.25
|
4.11
|
4.20
|
4.39
|
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Yield on Earning Assets (median %)
|
6.62
|
7.06
|
6.85
|
7.04
|
6.75
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|
Cost of Funding Earning Assets (median %)
|
2.75
|
2.92
|
2.73
|
2.84
|
2.38
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Provisions to Avg. Assets (median %)
|
0.09
|
0.11
|
0.09
|
0.13
|
0.11
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|
Noninterest Income to Avg. Assets (median %)
|
0.62
|
0.71
|
0.56
|
0.63
|
0.60
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Overhead to Avg. Assets (median %)
|
2.96
|
3.07
|
2.93
|
3.02
|
3.01
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Liquidity / Sensitivity
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Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
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Loans to Assets (median %)
|
68.0
|
68.9
|
68.5
|
68.9
|
69.9
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Noncore Funding to Assets (median %)
|
19.0
|
19.4
|
18.1
|
19.4
|
18.4
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Long-term Assets to Assets (median %, call filers)
|
27.9
|
26.3
|
25.3
|
26.3
|
24.2
|
|
Brokered Deposits (number of institutions)
|
21
|
19
|
20
|
19
|
21
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Brokered Deposits to Assets (median % for those above)
|
2.2
|
2.6
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2.3
|
2.6
|
2.4
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|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
68.5
|
70.4
|
65.8
|
70.4
|
70.5
|
|
Commercial Real Estate
|
165.3
|
162.2
|
152.0
|
162.2
|
158.5
|
|
Construction & Development
|
26.9
|
24.1
|
20.8
|
24.1
|
22.9
|
|
Multifamily Residential Real Estate
|
6.3
|
5.6
|
4.5
|
5.6
|
3.1
|
|
Nonresidential Real Estate
|
125.0
|
123.8
|
115.9
|
123.8
|
121.5
|
|
Residential Real Estate
|
277.7
|
277.3
|
281.8
|
277.3
|
291.7
|
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Consumer
|
55.4
|
61.1
|
62.4
|
61.1
|
66.2
|
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Agriculture
|
1.9
|
2.0
|
1.5
|
2.0
|
2.2
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BANKING PROFILE
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