New Hampshire - 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)
|
1.4%
|
1.4%
|
1.0%
|
1.1%
|
0.9%
|
|
Manufacturing (12%)
|
0.0%
|
-0.1%
|
-0.9%
|
-0.5%
|
-2.3%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
0.3%
|
-0.2%
|
-6.7%
|
-4.0%
|
-0.1%
|
|
Private Service-Producing (69%)
|
1.6%
|
1.8%
|
1.7%
|
1.6%
|
1.6%
|
|
Government (14%)
|
2.1%
|
1.6%
|
1.7%
|
1.5%
|
0.8%
|
|
Unemployment Rate (% of labor force)
|
3.7%
|
3.4%
|
3.8%
|
3.6%
|
3.5%
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|
|
|
|
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Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-30.8%
|
-35.4%
|
-26.9%
|
-25.4%
|
-19.4%
|
|
Multifamily Building Permits
|
22.1%
|
-1.1%
|
-8.8%
|
-26.0%
|
-43.0%
|
|
Home Price Index
|
-0.9%
|
-0.7%
|
0.7%
|
0.0%
|
3.9%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.52
|
2.16
|
1.85
|
2.02
|
1.31
|
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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 (#)
|
25
|
24
|
26
|
24
|
26
|
|
Total Assets (in millions)
|
10,315
|
9,870
|
19,444
|
9,870
|
19,661
|
|
New Institutions (# < 3 years)
|
3
|
2
|
1
|
2
|
1
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
| |
|
|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.60
|
1.41
|
1.20
|
1.41
|
1.10
|
|
ALLL/Total Loans (median %)
|
1.01
|
1.04
|
0.98
|
1.04
|
0.99
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.92
|
1.41
|
2.40
|
1.41
|
4.19
|
|
Net Loan Losses / Total Loans (median %)
|
0.03
|
0.01
|
0.00
|
0.02
|
0.02
|
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|
|
|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.46
|
9.38
|
9.30
|
9.38
|
9.14
|
|
Return on Assets (median %)
|
0.45
|
0.49
|
0.51
|
0.49
|
0.63
|
|
Pretax Return on Assets (median %)
|
0.54
|
0.58
|
0.68
|
0.63
|
0.82
|
|
Net Interest Margin (median %)
|
3.65
|
3.74
|
3.63
|
3.67
|
3.77
|
|
Yield on Earning Assets (median %)
|
6.20
|
6.40
|
6.25
|
6.33
|
6.14
|
|
Cost of Funding Earning Assets (median %)
|
2.64
|
2.88
|
2.73
|
2.77
|
2.41
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Provisions to Avg. Assets (median %)
|
0.07
|
0.05
|
0.05
|
0.05
|
0.06
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|
Noninterest Income to Avg. Assets (median %)
|
0.55
|
0.57
|
0.57
|
0.59
|
0.60
|
|
Overhead to Avg. Assets (median %)
|
3.22
|
3.45
|
3.06
|
3.24
|
3.02
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|
|
|
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
73.0
|
73.7
|
72.6
|
73.7
|
71.7
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|
Noncore Funding to Assets (median %)
|
22.7
|
22.9
|
22.2
|
22.9
|
23.2
|
|
Long-term Assets to Assets (median %, call filers)
|
28.0
|
28.0
|
24.9
|
28.0
|
23.4
|
|
Brokered Deposits (number of institutions)
|
9
|
8
|
10
|
8
|
9
|
|
Brokered Deposits to Assets (median % for those above)
|
1.3
|
1.3
|
1.6
|
1.3
|
1.8
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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
|
48.4
|
52.7
|
48.6
|
52.7
|
46.5
|
|
Commercial Real Estate
|
202.5
|
211.3
|
218.5
|
211.3
|
225.9
|
|
Construction & Development
|
30.8
|
31.6
|
28.6
|
31.6
|
28.9
|
|
Multifamily Residential Real Estate
|
14.5
|
11.3
|
9.4
|
11.3
|
7.8
|
|
Nonresidential Real Estate
|
168.1
|
171.1
|
167.5
|
171.1
|
162.3
|
|
Residential Real Estate
|
383.4
|
389.7
|
369.1
|
389.7
|
369.7
|
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Consumer
|
18.9
|
21.7
|
23.5
|
21.7
|
23.4
|
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
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BANKING PROFILE
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