Arizona - 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)
|
0.1%
|
0.1%
|
2.4%
|
1.2%
|
5.0%
|
|
Manufacturing (7%)
|
-1.8%
|
-1.4%
|
-1.8%
|
-2.2%
|
1.9%
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|
Other (non-manufacturing) Goods-Producing (9%)
|
-8.9%
|
-8.2%
|
-2.1%
|
-5.8%
|
9.8%
|
|
Private Service-Producing (69%)
|
0.4%
|
0.5%
|
3.5%
|
2.0%
|
5.6%
|
|
Government (16%)
|
4.5%
|
4.2%
|
2.4%
|
3.5%
|
1.4%
|
|
Unemployment Rate (% of labor force)
|
4.1%
|
4.1%
|
3.8%
|
3.8%
|
4.1%
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|
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|
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Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-56.7%
|
-46.6%
|
-28.5%
|
-33.0%
|
-29.6%
|
|
Multifamily Building Permits
|
-48.2%
|
72.9%
|
19.9%
|
13.2%
|
-14.8%
|
|
Home Price Index
|
-5.5%
|
-2.6%
|
5.0%
|
0.8%
|
19.6%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.08
|
1.89
|
1.33
|
1.65
|
1.22
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
58
|
57
|
53
|
57
|
55
|
|
Total Assets (in millions)
|
19,316
|
19,020
|
18,913
|
19,020
|
18,936
|
|
New Institutions (# < 3 years)
|
18
|
19
|
13
|
19
|
13
|
|
Subchapter S Institutions
|
4
|
4
|
8
|
4
|
8
|
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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 %)
|
1.57
|
1.17
|
0.33
|
1.17
|
0.15
|
|
ALLL/Total Loans (median %)
|
1.10
|
1.16
|
1.09
|
1.16
|
1.06
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.70
|
1.31
|
5.28
|
1.31
|
4.58
|
|
Net Loan Losses / Total Loans (median %)
|
0.08
|
0.00
|
0.00
|
0.02
|
0.00
|
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|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
11.39
|
11.60
|
10.25
|
11.60
|
10.55
|
|
Return on Assets (median %)
|
-0.04
|
0.13
|
0.83
|
0.35
|
0.93
|
|
Pretax Return on Assets (median %)
|
-0.05
|
0.13
|
1.08
|
0.58
|
1.35
|
|
Net Interest Margin (median %)
|
4.40
|
4.61
|
5.18
|
4.82
|
5.14
|
|
Yield on Earning Assets (median %)
|
7.25
|
7.80
|
8.06
|
8.02
|
7.86
|
|
Cost of Funding Earning Assets (median %)
|
2.78
|
3.22
|
3.08
|
3.04
|
2.65
|
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Provisions to Avg. Assets (median %)
|
0.49
|
0.46
|
0.13
|
0.30
|
0.15
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Noninterest Income to Avg. Assets (median %)
|
0.35
|
0.38
|
0.40
|
0.42
|
0.43
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|
Overhead to Avg. Assets (median %)
|
4.07
|
4.21
|
3.88
|
4.18
|
3.66
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
79.9
|
78.7
|
82.0
|
78.7
|
81.9
|
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Noncore Funding to Assets (median %)
|
27.4
|
29.1
|
22.1
|
29.1
|
21.8
|
|
Long-term Assets to Assets (median %, call filers)
|
10.8
|
8.6
|
10.0
|
8.6
|
9.8
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|
Brokered Deposits (number of institutions)
|
31
|
27
|
29
|
27
|
29
|
|
Brokered Deposits to Assets (median % for those above)
|
16.3
|
12.7
|
8.2
|
12.7
|
8.0
|
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|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
66.2
|
71.3
|
82.0
|
71.3
|
71.9
|
|
Commercial Real Estate
|
462.3
|
446.5
|
466.9
|
446.5
|
463.6
|
|
Construction & Development
|
167.7
|
171.4
|
166.7
|
171.4
|
177.0
|
|
Multifamily Residential Real Estate
|
8.5
|
6.6
|
6.3
|
6.6
|
6.5
|
|
Nonresidential Real Estate
|
210.8
|
173.1
|
199.8
|
173.1
|
201.7
|
|
Residential Real Estate
|
60.9
|
56.5
|
57.7
|
56.5
|
60.9
|
|
Consumer
|
5.5
|
6.0
|
7.5
|
6.0
|
8.0
|
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
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BANKING PROFILE
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