Ohio - 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)
|
0.0%
|
-0.2%
|
-0.3%
|
-0.2%
|
0.2%
|
|
Manufacturing (14%)
|
-2.0%
|
-2.4%
|
-2.8%
|
-3.0%
|
-1.9%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
0.1%
|
-0.7%
|
-3.7%
|
-1.9%
|
-1.2%
|
|
Private Service-Producing (67%)
|
0.4%
|
0.4%
|
0.5%
|
0.5%
|
0.8%
|
|
Government (15%)
|
-0.2%
|
-0.1%
|
-0.3%
|
-0.3%
|
0.1%
|
|
Unemployment Rate (% of labor force)
|
5.5%
|
5.7%
|
5.5%
|
5.6%
|
5.4%
|
| |
|
|
|
|
|
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Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-39.7%
|
-26.8%
|
-32.7%
|
-26.3%
|
-23.1%
|
|
Multifamily Building Permits
|
-53.1%
|
40.8%
|
-13.5%
|
-6.0%
|
-29.8%
|
|
Home Price Index
|
0.6%
|
-0.1%
|
0.6%
|
0.4%
|
1.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.45
|
4.24
|
3.87
|
4.31
|
3.01
|
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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 (#)
|
265
|
265
|
275
|
265
|
276
|
|
Total Assets (in millions)
|
2,124,547
|
2,008,865
|
1,920,263
|
2,008,865
|
1,874,719
|
|
New Institutions (# < 3 years)
|
9
|
10
|
8
|
10
|
8
|
|
Subchapter S Institutions
|
26
|
26
|
26
|
26
|
24
|
| |
|
|
|
|
|
|
Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.55
|
2.49
|
1.93
|
2.49
|
2.02
|
|
ALLL/Total Loans (median %)
|
1.00
|
1.01
|
0.98
|
1.01
|
0.98
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.64
|
0.82
|
1.00
|
0.82
|
1.04
|
|
Net Loan Losses / Total Loans (median %)
|
0.07
|
0.12
|
0.05
|
0.13
|
0.08
|
| |
|
|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.03
|
9.99
|
9.78
|
9.99
|
9.82
|
|
Return on Assets (median %)
|
0.60
|
0.61
|
0.66
|
0.64
|
0.78
|
|
Pretax Return on Assets (median %)
|
0.81
|
0.82
|
0.91
|
0.85
|
1.06
|
|
Net Interest Margin (median %)
|
3.52
|
3.59
|
3.57
|
3.59
|
3.68
|
|
Yield on Earning Assets (median %)
|
6.38
|
6.73
|
6.67
|
6.72
|
6.45
|
|
Cost of Funding Earning Assets (median %)
|
3.00
|
3.24
|
3.09
|
3.18
|
2.77
|
|
Provisions to Avg. Assets (median %)
|
0.10
|
0.12
|
0.07
|
0.10
|
0.08
|
|
Noninterest Income to Avg. Assets (median %)
|
0.51
|
0.50
|
0.51
|
0.50
|
0.51
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|
Overhead to Avg. Assets (median %)
|
2.78
|
2.87
|
2.85
|
2.83
|
2.83
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|
|
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
71.6
|
72.1
|
71.5
|
72.1
|
72.3
|
|
Noncore Funding to Assets (median %)
|
20.2
|
20.5
|
18.3
|
20.5
|
19.5
|
|
Long-term Assets to Assets (median %, call filers)
|
26.8
|
24.0
|
23.3
|
24.0
|
23.5
|
|
Brokered Deposits (number of institutions)
|
74
|
76
|
82
|
76
|
79
|
|
Brokered Deposits to Assets (median % for those above)
|
3.4
|
3.0
|
4.0
|
3.0
|
4.2
|
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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
|
46.2
|
44.7
|
45.1
|
44.7
|
41.8
|
|
Commercial Real Estate
|
177.7
|
174.0
|
160.3
|
174.0
|
154.7
|
|
Construction & Development
|
20.0
|
21.1
|
18.9
|
21.1
|
20.7
|
|
Multifamily Residential Real Estate
|
10.4
|
10.1
|
8.4
|
10.1
|
8.6
|
|
Nonresidential Real Estate
|
123.1
|
120.9
|
108.5
|
120.9
|
106.3
|
|
Residential Real Estate
|
307.2
|
306.6
|
308.0
|
306.6
|
311.8
|
|
Consumer
|
28.8
|
30.7
|
32.6
|
30.7
|
34.5
|
|
Agriculture
|
12.6
|
12.2
|
11.1
|
12.2
|
11.4
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BANKING PROFILE
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