Alaska - 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)
|
0.6%
|
0.8%
|
1.5%
|
0.8%
|
1.7%
|
|
Manufacturing (4%)
|
-0.9%
|
0.7%
|
-3.1%
|
-1.4%
|
5.9%
|
|
Other (non-manufacturing) Goods-Producing (10%)
|
0.5%
|
1.9%
|
6.4%
|
3.0%
|
3.9%
|
|
Private Service-Producing (60%)
|
0.8%
|
0.4%
|
1.5%
|
0.8%
|
1.6%
|
|
Government (26%)
|
0.2%
|
1.2%
|
0.5%
|
0.3%
|
0.3%
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|
Unemployment Rate (% of labor force)
|
6.5%
|
6.3%
|
6.0%
|
6.2%
|
6.5%
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|
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Other Indicators
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-28.9%
|
-6.3%
|
-35.7%
|
-33.4%
|
-8.8%
|
|
Multifamily Building Permits
|
-49.2%
|
22.9%
|
-40.8%
|
-37.8%
|
-2.5%
|
|
Home Price Index
|
1.3%
|
4.4%
|
7.4%
|
5.4%
|
10.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
0.87
|
0.92
|
0.78
|
0.91
|
0.85
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
6
|
6
|
7
|
6
|
7
|
|
Total Assets (in millions)
|
4,427
|
4,402
|
4,208
|
4,402
|
4,274
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
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 %)
|
4.35
|
3.77
|
1.77
|
3.77
|
1.84
|
|
ALLL/Total Loans (median %)
|
1.37
|
1.27
|
1.16
|
1.27
|
1.12
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.66
|
1.11
|
1.53
|
1.11
|
2.37
|
|
Net Loan Losses / Total Loans (median %)
|
0.11
|
0.25
|
0.08
|
0.12
|
0.12
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|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.30
|
10.12
|
9.99
|
10.12
|
9.66
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|
Return on Assets (median %)
|
0.93
|
0.99
|
0.75
|
1.13
|
1.12
|
|
Pretax Return on Assets (median %)
|
1.17
|
1.37
|
1.17
|
1.64
|
1.68
|
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Net Interest Margin (median %)
|
4.90
|
5.28
|
5.23
|
5.37
|
5.33
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Yield on Earning Assets (median %)
|
6.63
|
7.11
|
7.03
|
7.27
|
7.03
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|
Cost of Funding Earning Assets (median %)
|
1.86
|
2.25
|
2.20
|
2.33
|
1.90
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Provisions to Avg. Assets (median %)
|
0.09
|
0.24
|
0.05
|
0.18
|
0.08
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Noninterest Income to Avg. Assets (median %)
|
0.85
|
0.82
|
0.81
|
0.93
|
0.85
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|
Overhead to Avg. Assets (median %)
|
3.71
|
3.61
|
3.74
|
3.56
|
3.62
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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 %)
|
54.3
|
58.4
|
57.7
|
58.4
|
53.5
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Noncore Funding to Assets (median %)
|
23.3
|
20.3
|
16.5
|
20.3
|
15.9
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Long-term Assets to Assets (median %, call filers)
|
30.9
|
31.8
|
21.8
|
31.8
|
21.0
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Brokered Deposits (number of institutions)
|
2
|
2
|
2
|
2
|
2
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Brokered Deposits to Assets (median % for those above)
|
1.6
|
1.9
|
2.9
|
1.9
|
2.0
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
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Commercial and Industrial
|
112.1
|
118.7
|
109.7
|
118.7
|
102.8
|
|
Commercial Real Estate
|
376.9
|
392.1
|
335.1
|
392.1
|
336.2
|
|
Construction & Development
|
61.6
|
68.8
|
52.3
|
68.8
|
60.2
|
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Multifamily Residential Real Estate
|
7.2
|
7.0
|
7.4
|
7.0
|
7.6
|
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Nonresidential Real Estate
|
235.7
|
230.5
|
233.7
|
230.5
|
255.7
|
|
Residential Real Estate
|
113.0
|
119.5
|
81.4
|
119.5
|
86.3
|
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Consumer
|
14.7
|
14.9
|
24.5
|
14.9
|
23.1
|
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Agriculture
|
1.9
|
1.9
|
1.5
|
1.9
|
1.5
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BANKING PROFILE
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