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FDIC State Profiles
 

Puerto Rico and the U.S. Virgin Islands at a Glance

ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates Q2-09 Q1-09 Q2-08 2008 2007
Total Nonfarm (share of trailing four quarter employment in parentheses) -4.0% -2.4% -1.0% -1.5% -1.5%
  Manufacturing (10%) -8.6% -5.9% -4.4% -4.6% -3.0%
  Other (non-manufacturing) Goods-Producing (5%) -16.9% -8.3% -8.2% -10.1% -5.0%
  Private Service-Producing (55%) -4.2% -2.9% -0.6% -1.4% -0.8%
  Government (30%) 0.3% 0.9% 1.1% 0.6% -1.0%
Unemployment Rate (% of labor force) 14.8% 14.1% 11.0% 11.5% 10.9%
           
Other Indicators
           
BANKING TRENDS
General Information Q2-09 Q1-09 Q2-08 2008 2007
Institutions (#) 12 12 12 12 13
Total Assets (in millions) 95,895 98,401 102,594 99,498 100,952
New Institutions (# < 3 years) 1 1 1 1 1
Subchapter S Institutions 1 1 1 1 1
           
Asset Quality Q2-09 Q1-09 Q2-08 2008 2007
Past-Due and Nonaccrual Loans / Total Loans (median %) 13.22 10.66 8.49 10.43 7.58
Noncurrent Loans / Total Loans (median %) 8.65 6.98 5.11 6.05 4.14
ALLL/Total Loans (median %) 2.06 1.94 1.58 1.88 1.46
ALLL/Noncurrent Loans (median multiple) 0.28 0.26 0.33 0.25 0.29
Net Loan Losses / Total Loans (median %) 1.87 0.95 1.02 1.12 0.77
           
Capital / Earnings Q2-09 Q1-09 Q2-08 2008 2007
Tier 1 Leverage (median %) 6.95 6.86 6.78 6.78 6.84
Return on Assets (median %) -0.10 0.38 0.15 0.27 0.20
Pretax Return on Assets (median %) -0.16 0.35 0.27 0.12 0.17
Net Interest Margin (median %) 2.90 2.80 2.88 2.96 2.86
Yield on Earning Assets (median %) 5.37 5.59 6.00 6.01 6.77
Cost of Funding Earning Assets (median %) 2.33 2.77 3.14 3.25 3.95
Provisions to Avg. Assets (median %) 1.05 0.93 0.85 0.92 0.84
Noninterest Income to Avg. Assets (median %) 0.49 0.36 0.53 0.48 0.44
Overhead to Avg. Assets (median %) 2.49 2.15 1.99 2.14 2.18
           
Liquidity / Sensitivity Q2-09 Q1-09 Q2-08 2008 2007
Net Loans to Assets (median %) 62.5 63.6 63.4 62.9 65.4
Noncore Funding to Assets (median %) 53.5 58.2 64.2 60.3 60.4
Long-term Assets to Assets (median %, call filers) 37.3 33.7 32.8 37.7 24.9
Brokered Deposits (number of institutions) 11 11 11 11 11
  Brokered Deposits to Assets (median % for those above) 25.2 24.4 22.8 29.8 24.2
           
Loan Concentrations (median % of Total Risk-Based Capital) Q2-09 Q1-09 Q2-08 2008 2007
Commercial and Industrial 71.0 74.2 77.8 75.3 95.6
Commercial Real Estate 216.1 202.2 233.6 212.5 248.0
  Construction & Development 77.4 71.6 77.1 72.9 79.1
  Multifamily Residential Real Estate 0.5 0.4 0.6 0.5 0.0
  Nonresidential Real Estate 131.2 121.7 144.2 133.1 142.0
Residential Real Estate 184.0 175.1 212.1 189.2 195.8
Consumer 37.8 39.5 36.3 39.3 44.3
Agriculture 1.0 1.1 1.6 1.2 0.1
           
BANKING PROFILE
Largest Deposit Markets (from 2008 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
San Juan-Caguas-Guaynabo, PR 11 57,601   < $100 million 1 (8.3% )
Ponce, PR 10 1,882   $100 million to $250 million 1 (8.3% )
Mayagüez, PR 10 1,436   $250 million to $1 billion 0 (0% )
Aguadilla-Isabela-San Sebastián, PR 9 1,334   $1 billion to $10 billion 7 (58.3% )
San Germán-Cabo Rojo, PR 5 748   > $10 billion 3 (25% )
           
 
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