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