Puerto Rico and the U.S. Virgin Islands - 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%
|
-2.0%
|
-2.0%
|
-1.4%
|
-0.4%
|
|
Manufacturing (10%)
|
-4.0%
|
-3.9%
|
-4.0%
|
-3.3%
|
-4.8%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-0.5%
|
-2.3%
|
-3.5%
|
-3.7%
|
4.1%
|
|
Private Service-Producing (54%)
|
-1.3%
|
-2.1%
|
-1.6%
|
-1.0%
|
0.5%
|
|
Government (29%)
|
-0.6%
|
-1.0%
|
-1.8%
|
-1.0%
|
-1.4%
|
|
Unemployment Rate (% of labor force)
|
10.6%
|
11.3%
|
10.4%
|
10.9%
|
10.4%
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Other Indicators
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
12
|
13
|
13
|
13
|
13
|
|
Total Assets (in millions)
|
101,305
|
101,019
|
99,683
|
101,019
|
98,985
|
|
New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
1
|
|
Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
|
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|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
7.92
|
6.86
|
6.19
|
6.86
|
5.60
|
|
ALLL/Total Loans (median %)
|
1.50
|
1.46
|
1.22
|
1.46
|
1.30
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.35
|
0.33
|
0.44
|
0.33
|
0.47
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|
Net Loan Losses / Total Loans (median %)
|
0.67
|
0.76
|
0.34
|
0.77
|
0.36
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
7.07
|
6.84
|
7.33
|
6.84
|
7.15
|
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Return on Assets (median %)
|
0.62
|
0.42
|
0.48
|
0.20
|
0.42
|
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Pretax Return on Assets (median %)
|
0.66
|
0.35
|
0.60
|
0.17
|
0.62
|
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Net Interest Margin (median %)
|
2.86
|
2.84
|
2.96
|
2.86
|
2.81
|
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Yield on Earning Assets (median %)
|
6.30
|
6.66
|
6.73
|
6.77
|
6.53
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Cost of Funding Earning Assets (median %)
|
3.60
|
3.83
|
3.95
|
3.95
|
3.72
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Provisions to Avg. Assets (median %)
|
0.80
|
0.89
|
0.37
|
0.84
|
0.39
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Noninterest Income to Avg. Assets (median %)
|
0.50
|
0.36
|
0.32
|
0.44
|
0.34
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Overhead to Avg. Assets (median %)
|
2.02
|
2.03
|
1.96
|
2.18
|
1.77
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
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Loans to Assets (median %)
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65.3
|
66.3
|
62.3
|
66.3
|
61.7
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Noncore Funding to Assets (median %)
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63.2
|
60.4
|
60.4
|
60.4
|
62.0
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Long-term Assets to Assets (median %, call filers)
|
28.4
|
24.9
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37.6
|
24.9
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38.3
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Brokered Deposits (number of institutions)
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11
|
11
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10
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11
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10
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Brokered Deposits to Assets (median % for those above)
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23.8
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24.2
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23.0
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24.2
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22.1
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
|
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Commercial and Industrial
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104.2
|
129.0
|
109.9
|
129.0
|
108.0
|
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Commercial Real Estate
|
250.7
|
252.8
|
214.5
|
252.8
|
211.5
|
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Construction & Development
|
97.7
|
95.6
|
88.3
|
95.6
|
80.9
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Multifamily Residential Real Estate
|
0.5
|
0.0
|
1.0
|
0.0
|
1.0
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Nonresidential Real Estate
|
165.8
|
160.6
|
137.9
|
160.6
|
131.5
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Residential Real Estate
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263.9
|
282.7
|
240.3
|
282.7
|
247.6
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Consumer
|
39.7
|
49.1
|
33.6
|
49.1
|
34.6
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Agriculture
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2.4
|
0.1
|
0.1
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0.1
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0.1
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BANKING PROFILE
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