Pennsylvania at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.5%
|
-3.9%
|
-0.8%
|
-3.3%
|
0.0%
|
|
Manufacturing (10%)
|
-11.8%
|
-12.3%
|
-3.9%
|
-10.9%
|
-2.3%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
-9.7%
|
-12.0%
|
-4.8%
|
-10.6%
|
-2.3%
|
|
Private Service-Producing (72%)
|
-2.5%
|
-2.8%
|
-0.4%
|
-2.4%
|
0.5%
|
|
Government (13%)
|
0.3%
|
1.0%
|
1.4%
|
0.9%
|
0.6%
|
|
Unemployment Rate (% of labor force)
|
8.7%
|
8.5%
|
6.1%
|
8.1%
|
5.3%
|
| |
|
|
|
|
|
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Other Indicators
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Single-Family Home Permits
|
22.5%
|
-11.7%
|
-42.7%
|
-19.5%
|
-36.0%
|
|
Multifamily Building Permits
|
65.6%
|
19.9%
|
13.0%
|
-17.7%
|
-20.9%
|
|
Home Price Index
|
-2.8%
|
-1.7%
|
-1.0%
|
-1.9%
|
0.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.59
|
2.94
|
2.56
|
2.84
|
2.57
|
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|
|
|
|
|
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BANKING TRENDS
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|
General Information
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Institutions (#)
|
224
|
225
|
232
|
224
|
232
|
|
Total Assets (in millions)
|
537,942
|
423,110
|
414,277
|
537,942
|
414,277
|
|
New Institutions (# < 3 years)
|
7
|
8
|
11
|
7
|
11
|
|
Subchapter S Institutions
|
3
|
3
|
3
|
3
|
3
|
| |
|
|
|
|
|
|
Asset Quality
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.86
|
2.69
|
2.01
|
2.86
|
2.01
|
|
Noncurrent Loans / Total Loans (median %)
|
1.49
|
1.47
|
0.81
|
1.49
|
0.81
|
|
ALLL/Total Loans (median %)
|
1.17
|
1.12
|
1.06
|
1.17
|
1.06
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.73
|
0.73
|
1.06
|
0.73
|
1.06
|
|
Net Loan Losses / Total Loans (median %)
|
0.16
|
0.09
|
0.09
|
0.16
|
0.08
|
| |
|
|
|
|
|
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Capital / Earnings
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Tier 1 Leverage (median %)
|
8.90
|
8.94
|
9.18
|
8.90
|
9.18
|
|
Return on Assets (median %)
|
0.48
|
0.49
|
0.47
|
0.47
|
0.46
|
|
Pretax Return on Assets (median %)
|
0.60
|
0.63
|
0.52
|
0.57
|
0.61
|
|
Net Interest Margin (median %)
|
3.41
|
3.31
|
3.32
|
3.33
|
3.30
|
|
Yield on Earning Assets (median %)
|
5.25
|
5.28
|
5.74
|
5.35
|
5.91
|
|
Cost of Funding Earning Assets (median %)
|
1.86
|
2.00
|
2.50
|
2.08
|
2.67
|
|
Provisions to Avg. Assets (median %)
|
0.29
|
0.21
|
0.22
|
0.27
|
0.18
|
|
Noninterest Income to Avg. Assets (median %)
|
0.45
|
0.43
|
0.44
|
0.45
|
0.44
|
|
Overhead to Avg. Assets (median %)
|
2.70
|
2.60
|
2.66
|
2.69
|
2.64
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|
|
|
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Liquidity / Sensitivity
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Net Loans to Assets (median %)
|
67.1
|
67.8
|
69.6
|
67.1
|
69.6
|
|
Noncore Funding to Assets (median %)
|
22.4
|
23.3
|
24.8
|
22.4
|
24.8
|
|
Long-term Assets to Assets (median %, call filers)
|
37.2
|
39.0
|
39.8
|
37.2
|
39.8
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|
Brokered Deposits (number of institutions)
|
79
|
81
|
81
|
79
|
81
|
|
Brokered Deposits to Assets (median % for those above)
|
2.6
|
2.9
|
2.8
|
2.6
|
2.8
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|
|
|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Commercial and Industrial
|
48.0
|
51.6
|
51.4
|
48.0
|
51.4
|
|
Commercial Real Estate
|
204.8
|
207.2
|
192.4
|
204.8
|
192.4
|
|
Construction & Development
|
22.7
|
23.6
|
22.8
|
22.7
|
22.8
|
|
Multifamily Residential Real Estate
|
13.5
|
13.4
|
10.4
|
13.5
|
10.4
|
|
Nonresidential Real Estate
|
154.2
|
154.5
|
142.7
|
154.2
|
142.7
|
|
Residential Real Estate
|
299.8
|
298.8
|
307.5
|
299.8
|
307.5
|
|
Consumer
|
13.8
|
13.9
|
13.7
|
13.8
|
13.7
|
|
Agriculture
|
0.9
|
1.0
|
1.1
|
0.9
|
1.1
|
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BANKING PROFILE
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Largest Deposit Markets (from 2009 Summary of Deposits)
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Institutions in Market
|
Deposits ($ millions)
|
|
Asset Distribution
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Institutions
|
|
New York-Northern New Jersey-Long Island, NY-NJ-PA
|
244
|
893,368
|
|
< $100 million
|
42 (18.8% )
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
156
|
283,125
|
|
$100 million to $250 million
|
56 (25% )
|
|
Pittsburgh, PA
|
59
|
71,735
|
|
$250 million to $1 billion
|
91 (40.6% )
|
|
Allentown-Bethlehem-Easton, PA-NJ
|
31
|
14,158
|
|
$1 billion to $10 billion
|
31 (13.8% )
|
|
Scranton--Wilkes-Barre, PA
|
25
|
10,687
|
|
> $10 billion
|
4 (1.8% )
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