Puerto Rico and the U.S. Virgin Islands at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
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%
|
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|
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|
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Other Indicators
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BANKING TRENDS
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|
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
|
| |
|
|
|
|
|
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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
|
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|
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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
|
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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
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|
Overhead to Avg. Assets (median %)
|
2.49
|
2.15
|
1.99
|
2.14
|
2.18
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Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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|
Net Loans to Assets (median %)
|
62.5
|
63.6
|
63.4
|
62.9
|
65.4
|
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Noncore Funding to Assets (median %)
|
53.5
|
58.2
|
64.2
|
60.3
|
60.4
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Long-term Assets to Assets (median %, call filers)
|
37.3
|
33.7
|
32.8
|
37.7
|
24.9
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Brokered Deposits (number of institutions)
|
11
|
11
|
11
|
11
|
11
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Brokered Deposits to Assets (median % for those above)
|
25.2
|
24.4
|
22.8
|
29.8
|
24.2
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|
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|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
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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
|
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Construction & Development
|
77.4
|
71.6
|
77.1
|
72.9
|
79.1
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Multifamily Residential Real Estate
|
0.5
|
0.4
|
0.6
|
0.5
|
0.0
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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
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Consumer
|
37.8
|
39.5
|
36.3
|
39.3
|
44.3
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Agriculture
|
1.0
|
1.1
|
1.6
|
1.2
|
0.1
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BANKING PROFILE
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