Delaware at a Glance
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.8%
|
-4.2%
|
-0.4%
|
-0.9%
|
0.1%
|
|
Manufacturing (7%)
|
-14.2%
|
-12.7%
|
-4.4%
|
-5.2%
|
-1.0%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-15.5%
|
-14.5%
|
-5.7%
|
-7.4%
|
-6.6%
|
|
Private Service-Producing (73%)
|
-3.9%
|
-3.7%
|
0.4%
|
-0.2%
|
0.6%
|
|
Government (15%)
|
-0.5%
|
1.9%
|
0.3%
|
1.2%
|
1.0%
|
|
Unemployment Rate (% of labor force)
|
8.0%
|
7.2%
|
4.4%
|
4.8%
|
3.5%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-8.2%
|
-34.3%
|
-40.6%
|
-34.8%
|
-21.3%
|
|
Multifamily Building Permits
|
-17.4%
|
-93.4%
|
-57.2%
|
-23.4%
|
-34.6%
|
|
Home Price Index
|
-5.2%
|
-3.3%
|
-1.9%
|
-2.2%
|
3.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.08
|
3.08
|
2.50
|
2.61
|
1.97
|
| |
|
|
|
|
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BANKING TRENDS
|
|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
31
|
31
|
33
|
31
|
33
|
|
Total Assets (in millions)
|
532,115
|
539,212
|
692,354
|
552,718
|
605,170
|
|
New Institutions (# < 3 years)
|
2
|
3
|
4
|
3
|
5
|
|
Subchapter S Institutions
|
1
|
1
|
2
|
1
|
2
|
| |
|
|
|
|
|
|
Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.89
|
3.19
|
1.91
|
3.03
|
2.03
|
|
Noncurrent Loans / Total Loans (median %)
|
1.98
|
1.88
|
0.84
|
2.13
|
0.70
|
|
ALLL/Total Loans (median %)
|
1.71
|
1.73
|
1.21
|
1.59
|
1.19
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.97
|
0.89
|
1.35
|
1.09
|
1.34
|
|
Net Loan Losses / Total Loans (median %)
|
0.93
|
0.68
|
0.09
|
0.37
|
0.24
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
10.30
|
9.30
|
10.61
|
9.48
|
11.03
|
|
Return on Assets (median %)
|
0.02
|
0.05
|
0.78
|
0.48
|
1.21
|
|
Pretax Return on Assets (median %)
|
-0.03
|
0.08
|
1.17
|
0.71
|
1.76
|
|
Net Interest Margin (median %)
|
3.43
|
3.26
|
3.47
|
3.83
|
4.00
|
|
Yield on Earning Assets (median %)
|
5.22
|
5.25
|
5.90
|
5.95
|
7.18
|
|
Cost of Funding Earning Assets (median %)
|
0.97
|
1.21
|
2.40
|
2.27
|
3.28
|
|
Provisions to Avg. Assets (median %)
|
0.68
|
0.73
|
0.33
|
0.67
|
0.21
|
|
Noninterest Income to Avg. Assets (median %)
|
1.19
|
1.02
|
0.87
|
1.21
|
0.97
|
|
Overhead to Avg. Assets (median %)
|
3.19
|
3.05
|
3.21
|
3.21
|
3.31
|
| |
|
|
|
|
|
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Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
68.1
|
69.2
|
71.7
|
72.2
|
72.0
|
|
Noncore Funding to Assets (median %)
|
28.3
|
29.9
|
26.5
|
30.0
|
27.2
|
|
Long-term Assets to Assets (median %, call filers)
|
8.9
|
6.3
|
8.4
|
8.0
|
10.0
|
|
Brokered Deposits (number of institutions)
|
17
|
18
|
16
|
18
|
16
|
|
Brokered Deposits to Assets (median % for those above)
|
8.2
|
7.7
|
4.9
|
7.4
|
7.7
|
| |
|
|
|
|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
31.1
|
31.6
|
33.5
|
29.3
|
23.0
|
|
Commercial Real Estate
|
43.7
|
53.1
|
104.0
|
147.3
|
56.0
|
|
Construction & Development
|
3.7
|
3.0
|
18.1
|
2.3
|
1.9
|
|
Multifamily Residential Real Estate
|
4.4
|
4.6
|
0.6
|
5.1
|
0.2
|
|
Nonresidential Real Estate
|
37.6
|
45.4
|
65.2
|
86.1
|
32.1
|
|
Residential Real Estate
|
136.3
|
132.5
|
118.6
|
135.5
|
115.5
|
|
Consumer
|
12.5
|
15.1
|
9.5
|
10.3
|
10.4
|
|
Agriculture
|
0.2
|
0.3
|
0.2
|
0.3
|
0.2
|
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BANKING PROFILE
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