Colorado - First Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
2.0%
|
2.1%
|
2.1%
|
2.2%
|
2.4%
|
|
Manufacturing (6%)
|
-1.6%
|
-1.6%
|
-2.0%
|
-1.8%
|
-0.9%
|
|
Other (non-manufacturing) Goods-Producing (8%)
|
1.8%
|
1.2%
|
0.8%
|
1.8%
|
6.6%
|
|
Private Service-Producing (69%)
|
2.2%
|
2.5%
|
2.8%
|
2.7%
|
2.5%
|
|
Government (16%)
|
2.7%
|
2.6%
|
1.5%
|
2.1%
|
1.3%
|
|
Unemployment Rate (% of labor force)
|
4.3%
|
4.0%
|
3.8%
|
3.8%
|
4.3%
|
| |
|
|
|
|
|
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Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-42.4%
|
-35.4%
|
-41.0%
|
-31.5%
|
-23.0%
|
|
Multifamily Building Permits
|
16.5%
|
98.2%
|
-12.9%
|
10.3%
|
71.3%
|
|
Home Price Index
|
2.3%
|
1.7%
|
3.2%
|
2.5%
|
3.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.33
|
3.28
|
2.50
|
3.05
|
2.00
|
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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 (#)
|
157
|
160
|
164
|
160
|
164
|
|
Total Assets (in millions)
|
52,911
|
51,212
|
47,709
|
51,212
|
47,169
|
|
New Institutions (# < 3 years)
|
7
|
6
|
6
|
6
|
6
|
|
Subchapter S Institutions
|
44
|
43
|
46
|
43
|
42
|
| |
|
|
|
|
|
|
Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.10
|
1.59
|
1.25
|
1.59
|
1.38
|
|
ALLL/Total Loans (median %)
|
1.14
|
1.10
|
1.08
|
1.10
|
1.11
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.13
|
1.23
|
1.77
|
1.23
|
2.13
|
|
Net Loan Losses / Total Loans (median %)
|
0.03
|
0.04
|
0.02
|
0.06
|
0.07
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
8.99
|
8.77
|
9.05
|
8.77
|
8.92
|
|
Return on Assets (median %)
|
0.93
|
1.02
|
1.15
|
1.06
|
1.17
|
|
Pretax Return on Assets (median %)
|
1.19
|
1.27
|
1.46
|
1.36
|
1.51
|
|
Net Interest Margin (median %)
|
3.95
|
4.24
|
4.40
|
4.29
|
4.37
|
|
Yield on Earning Assets (median %)
|
6.85
|
7.35
|
7.27
|
7.34
|
7.07
|
|
Cost of Funding Earning Assets (median %)
|
2.59
|
2.97
|
2.85
|
3.00
|
2.64
|
|
Provisions to Avg. Assets (median %)
|
0.16
|
0.13
|
0.07
|
0.13
|
0.11
|
|
Noninterest Income to Avg. Assets (median %)
|
0.72
|
0.73
|
0.73
|
0.77
|
0.75
|
|
Overhead to Avg. Assets (median %)
|
3.12
|
3.15
|
3.24
|
3.23
|
3.26
|
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|
|
|
|
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
64.6
|
63.1
|
63.6
|
63.1
|
63.8
|
|
Noncore Funding to Assets (median %)
|
19.2
|
19.1
|
16.9
|
19.1
|
17.4
|
|
Long-term Assets to Assets (median %, call filers)
|
15.0
|
13.5
|
11.3
|
13.5
|
11.0
|
|
Brokered Deposits (number of institutions)
|
66
|
66
|
56
|
66
|
53
|
|
Brokered Deposits to Assets (median % for those above)
|
4.0
|
5.1
|
5.3
|
5.1
|
5.0
|
| |
|
|
|
|
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
60.0
|
63.8
|
66.6
|
63.8
|
63.6
|
|
Commercial Real Estate
|
303.3
|
311.3
|
281.0
|
311.3
|
274.7
|
|
Construction & Development
|
93.3
|
102.4
|
87.9
|
102.4
|
89.2
|
|
Multifamily Residential Real Estate
|
7.1
|
6.2
|
5.4
|
6.2
|
5.4
|
|
Nonresidential Real Estate
|
168.4
|
163.0
|
152.2
|
163.0
|
144.6
|
|
Residential Real Estate
|
136.0
|
131.8
|
131.1
|
131.8
|
132.7
|
|
Consumer
|
15.1
|
16.0
|
14.5
|
16.0
|
16.4
|
|
Agriculture
|
10.6
|
9.7
|
6.1
|
9.7
|
6.1
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BANKING PROFILE
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