Pennsylvania 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
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.1%
|
-1.8%
|
0.4%
|
0.1%
|
0.7%
|
|
Manufacturing (11%)
|
-11.0%
|
-8.0%
|
-1.7%
|
-2.3%
|
-1.7%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-8.1%
|
-5.9%
|
-1.1%
|
-1.9%
|
0.7%
|
|
Private Service-Producing (71%)
|
-2.2%
|
-1.1%
|
0.8%
|
0.5%
|
1.3%
|
|
Government (13%)
|
0.7%
|
0.8%
|
0.2%
|
0.6%
|
-0.1%
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|
Unemployment Rate (% of labor force)
|
8.2%
|
7.4%
|
5.1%
|
5.4%
|
4.4%
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|
|
|
|
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Other Indicators
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-30.1%
|
-44.0%
|
-40.4%
|
-36.0%
|
-15.4%
|
|
Multifamily Building Permits
|
-73.8%
|
-30.3%
|
33.4%
|
-20.9%
|
-16.3%
|
|
Home Price Index
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-1.9%
|
-1.4%
|
0.8%
|
0.3%
|
3.5%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.01
|
2.81
|
2.60
|
2.57
|
2.33
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|
|
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
226
|
229
|
242
|
232
|
246
|
|
Total Assets (in millions)
|
410,574
|
418,282
|
437,002
|
414,277
|
478,759
|
|
New Institutions (# < 3 years)
|
9
|
9
|
16
|
11
|
16
|
|
Subchapter S Institutions
|
3
|
3
|
3
|
3
|
3
|
| |
|
|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.32
|
2.23
|
1.60
|
2.01
|
1.54
|
|
Noncurrent Loans / Total Loans (median %)
|
1.19
|
0.97
|
0.64
|
0.81
|
0.60
|
|
ALLL/Total Loans (median %)
|
1.08
|
1.06
|
0.99
|
1.06
|
0.99
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|
ALLL/Noncurrent Loans (median multiple)
|
0.82
|
0.94
|
1.16
|
1.06
|
1.37
|
|
Net Loan Losses / Total Loans (median %)
|
0.06
|
0.05
|
0.02
|
0.08
|
0.04
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|
|
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.00
|
9.05
|
9.44
|
9.18
|
9.80
|
|
Return on Assets (median %)
|
0.47
|
0.58
|
0.63
|
0.46
|
0.56
|
|
Pretax Return on Assets (median %)
|
0.60
|
0.72
|
0.82
|
0.61
|
0.73
|
|
Net Interest Margin (median %)
|
3.25
|
3.23
|
3.29
|
3.30
|
3.16
|
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Yield on Earning Assets (median %)
|
5.36
|
5.50
|
5.91
|
5.91
|
6.23
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|
Cost of Funding Earning Assets (median %)
|
2.14
|
2.30
|
2.69
|
2.67
|
3.19
|
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Provisions to Avg. Assets (median %)
|
0.16
|
0.15
|
0.09
|
0.17
|
0.08
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|
Noninterest Income to Avg. Assets (median %)
|
0.46
|
0.41
|
0.44
|
0.44
|
0.46
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Overhead to Avg. Assets (median %)
|
2.79
|
2.60
|
2.59
|
2.64
|
2.64
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Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
67.8
|
67.9
|
68.2
|
69.6
|
66.2
|
|
Noncore Funding to Assets (median %)
|
23.8
|
24.4
|
23.4
|
24.8
|
22.9
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|
Long-term Assets to Assets (median %, call filers)
|
38.5
|
38.4
|
40.0
|
39.8
|
39.5
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Brokered Deposits (number of institutions)
|
79
|
82
|
72
|
81
|
70
|
|
Brokered Deposits to Assets (median % for those above)
|
2.8
|
2.8
|
2.1
|
2.8
|
1.8
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|
|
|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
49.4
|
50.9
|
48.8
|
51.4
|
50.1
|
|
Commercial Real Estate
|
205.5
|
194.7
|
175.9
|
192.4
|
171.5
|
|
Construction & Development
|
21.0
|
21.6
|
23.6
|
22.8
|
21.1
|
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Multifamily Residential Real Estate
|
12.0
|
10.8
|
8.7
|
10.4
|
7.8
|
|
Nonresidential Real Estate
|
152.8
|
143.7
|
127.7
|
141.7
|
121.3
|
|
Residential Real Estate
|
293.6
|
301.9
|
290.2
|
307.5
|
291.8
|
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Consumer
|
13.9
|
14.0
|
13.1
|
13.7
|
13.6
|
|
Agriculture
|
0.9
|
1.1
|
0.9
|
1.1
|
0.9
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BANKING PROFILE
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Largest Deposit Markets (from 2008 Summary of Deposits)
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Institutions in Market
|
Deposits ($ millions)
|
|
Asset Distribution
|
Institutions
|
|
New York-Northern New Jersey-Long Island, NY-NJ-PA
|
243
|
815,795
|
|
< $100 million
|
47 (20.8% )
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
162
|
277,051
|
|
$100 million to $250 million
|
58 (25.7% )
|
|
Pittsburgh, PA
|
60
|
70,876
|
|
$250 million to $1 billion
|
87 (38.5% )
|
|
Allentown-Bethlehem-Easton, PA-NJ
|
34
|
13,270
|
|
$1 billion to $10 billion
|
30 (13.3% )
|
|
Scranton--Wilkes-Barre, PA
|
26
|
10,189
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|
> $10 billion
|
4 (1.8% )
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