Connecticut at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.9%
|
-3.0%
|
0.6%
|
0.1%
|
1.0%
|
|
Manufacturing (11%)
|
-7.5%
|
-4.5%
|
-1.3%
|
-1.7%
|
-1.4%
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|
Other (non-manufacturing) Goods-Producing (4%)
|
-21.3%
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-21.1%
|
-3.1%
|
-5.0%
|
2.1%
|
|
Private Service-Producing (71%)
|
-2.9%
|
-2.3%
|
0.9%
|
0.4%
|
1.3%
|
|
Government (15%)
|
-1.2%
|
-0.7%
|
1.9%
|
1.3%
|
1.4%
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Unemployment Rate (% of labor force)
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7.9%
|
7.4%
|
5.4%
|
5.7%
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4.6%
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|
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|
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Other Indicators
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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|
Single-Family Home Permits
|
-26.9%
|
-68.1%
|
-47.2%
|
-41.8%
|
-23.8%
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|
Multifamily Building Permits
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-53.8%
|
-38.3%
|
11.1%
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6.4%
|
-5.8%
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|
Home Price Index
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-5.1%
|
-4.2%
|
-2.1%
|
-2.9%
|
1.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.93
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2.47
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2.33
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2.24
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1.61
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BANKING TRENDS
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General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
56
|
58
|
57
|
58
|
56
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|
Total Assets (in millions)
|
74,978
|
74,019
|
72,412
|
74,473
|
64,864
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New Institutions (# < 3 years)
|
4
|
5
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4
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5
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2
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Subchapter S Institutions
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1
|
1
|
1
|
1
|
1
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|
|
|
|
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Asset Quality
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.74
|
2.41
|
1.53
|
2.08
|
1.27
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|
Noncurrent Loans / Total Loans (median %)
|
1.42
|
1.10
|
0.78
|
1.07
|
0.41
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ALLL/Total Loans (median %)
|
1.06
|
1.00
|
0.96
|
1.01
|
0.97
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ALLL/Noncurrent Loans (median multiple)
|
0.75
|
0.79
|
1.06
|
0.93
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1.41
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Net Loan Losses / Total Loans (median %)
|
0.06
|
0.05
|
0.01
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0.06
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0.02
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Capital / Earnings
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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Tier 1 Leverage (median %)
|
9.25
|
9.09
|
10.01
|
9.38
|
9.90
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Return on Assets (median %)
|
0.21
|
0.39
|
0.54
|
0.22
|
0.56
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Pretax Return on Assets (median %)
|
0.31
|
0.55
|
0.64
|
0.26
|
0.73
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Net Interest Margin (median %)
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3.35
|
3.30
|
3.35
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3.38
|
3.42
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Yield on Earning Assets (median %)
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5.21
|
5.48
|
5.91
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5.89
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6.26
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Cost of Funding Earning Assets (median %)
|
1.90
|
2.02
|
2.36
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2.41
|
2.93
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Provisions to Avg. Assets (median %)
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0.21
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0.20
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0.07
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0.18
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0.04
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Noninterest Income to Avg. Assets (median %)
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0.54
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0.52
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0.50
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0.53
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0.55
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Overhead to Avg. Assets (median %)
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3.18
|
2.92
|
2.92
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2.92
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2.98
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Liquidity / Sensitivity
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Net Loans to Assets (median %)
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69.0
|
70.9
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72.4
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73.1
|
71.7
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Noncore Funding to Assets (median %)
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26.8
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28.9
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25.9
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29.4
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24.2
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Long-term Assets to Assets (median %, call filers)
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39.8
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42.2
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41.8
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40.1
|
38.7
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Brokered Deposits (number of institutions)
|
32
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33
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24
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31
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21
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Brokered Deposits to Assets (median % for those above)
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2.6
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2.6
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2.6
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3.3
|
2.1
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
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Q1-09
|
Q2-08
|
2008
|
2007
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Commercial and Industrial
|
51.9
|
51.7
|
46.6
|
51.2
|
46.6
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Commercial Real Estate
|
222.0
|
222.9
|
190.6
|
216.9
|
177.9
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Construction & Development
|
39.8
|
41.3
|
43.3
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38.4
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38.2
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Multifamily Residential Real Estate
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7.3
|
7.7
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7.1
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7.8
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7.0
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Nonresidential Real Estate
|
159.3
|
152.4
|
131.9
|
148.3
|
122.0
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Residential Real Estate
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394.8
|
402.9
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385.1
|
386.8
|
360.9
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Consumer
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5.1
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5.2
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5.6
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5.3
|
5.0
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Agriculture
|
0.0
|
0.0
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0.0
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0.0
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0.0
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BANKING PROFILE
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