Kentucky - 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)
|
1.3%
|
1.3%
|
0.9%
|
1.2%
|
1.2%
|
|
Manufacturing (14%)
|
-2.4%
|
-1.8%
|
-1.9%
|
-1.9%
|
-0.5%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
3.4%
|
3.0%
|
-1.3%
|
1.2%
|
0.3%
|
|
Private Service-Producing (63%)
|
1.5%
|
1.5%
|
1.7%
|
1.7%
|
1.7%
|
|
Government (17%)
|
2.7%
|
2.9%
|
1.2%
|
2.0%
|
1.4%
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|
Unemployment Rate (% of labor force)
|
5.4%
|
5.3%
|
5.7%
|
5.5%
|
5.8%
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|
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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
|
-49.0%
|
-25.6%
|
4.3%
|
-18.1%
|
-24.2%
|
|
Multifamily Building Permits
|
-39.3%
|
-6.6%
|
75.2%
|
19.5%
|
-7.7%
|
|
Home Price Index
|
2.8%
|
3.3%
|
3.8%
|
3.5%
|
4.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.78
|
4.08
|
4.00
|
3.97
|
2.90
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|
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
204
|
206
|
220
|
206
|
220
|
|
Total Assets (in millions)
|
48,751
|
48,169
|
46,664
|
48,169
|
45,731
|
|
New Institutions (# < 3 years)
|
4
|
4
|
6
|
4
|
6
|
|
Subchapter S Institutions
|
59
|
54
|
54
|
54
|
47
|
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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 %)
|
2.58
|
2.49
|
2.06
|
2.49
|
1.82
|
|
ALLL/Total Loans (median %)
|
1.23
|
1.22
|
1.25
|
1.22
|
1.25
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.12
|
1.39
|
1.81
|
1.39
|
2.05
|
|
Net Loan Losses / Total Loans (median %)
|
0.08
|
0.23
|
0.03
|
0.17
|
0.11
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|
|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.18
|
10.09
|
10.07
|
10.09
|
9.95
|
|
Return on Assets (median %)
|
0.98
|
0.92
|
1.04
|
0.99
|
1.05
|
|
Pretax Return on Assets (median %)
|
1.23
|
1.19
|
1.31
|
1.30
|
1.36
|
|
Net Interest Margin (median %)
|
3.80
|
3.91
|
3.90
|
3.92
|
4.02
|
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Yield on Earning Assets (median %)
|
6.75
|
7.12
|
6.98
|
7.11
|
6.85
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|
Cost of Funding Earning Assets (median %)
|
2.96
|
3.23
|
3.13
|
3.20
|
2.77
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Provisions to Avg. Assets (median %)
|
0.11
|
0.15
|
0.08
|
0.13
|
0.11
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Noninterest Income to Avg. Assets (median %)
|
0.70
|
0.74
|
0.68
|
0.75
|
0.71
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|
Overhead to Avg. Assets (median %)
|
2.95
|
3.00
|
3.00
|
3.01
|
3.01
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|
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
|
|
Loans to Assets (median %)
|
65.7
|
66.8
|
67.2
|
66.8
|
68.8
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Noncore Funding to Assets (median %)
|
25.6
|
24.8
|
22.8
|
24.8
|
23.6
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Long-term Assets to Assets (median %, call filers)
|
22.9
|
21.3
|
20.1
|
21.3
|
19.5
|
|
Brokered Deposits (number of institutions)
|
57
|
57
|
62
|
57
|
63
|
|
Brokered Deposits to Assets (median % for those above)
|
3.3
|
3.1
|
3.6
|
3.1
|
3.0
|
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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
|
53.2
|
51.1
|
48.8
|
51.1
|
49.0
|
|
Commercial Real Estate
|
184.8
|
185.5
|
187.2
|
185.5
|
178.9
|
|
Construction & Development
|
36.5
|
33.9
|
35.5
|
33.9
|
33.1
|
|
Multifamily Residential Real Estate
|
5.5
|
5.1
|
4.9
|
5.1
|
4.8
|
|
Nonresidential Real Estate
|
125.2
|
125.5
|
136.0
|
125.5
|
131.3
|
|
Residential Real Estate
|
257.0
|
258.3
|
251.3
|
258.3
|
253.9
|
|
Consumer
|
44.1
|
46.8
|
48.0
|
46.8
|
49.5
|
|
Agriculture
|
41.0
|
40.7
|
36.5
|
40.7
|
38.7
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BANKING PROFILE
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