Arizona at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-7.1%
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-6.4%
|
-1.3%
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-2.1%
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1.5%
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Manufacturing (7%)
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-5.7%
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-5.8%
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-4.0%
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-4.0%
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-2.1%
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Other (non-manufacturing) Goods-Producing (7%)
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-27.0%
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-24.9%
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-13.7%
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-14.9%
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-5.5%
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Private Service-Producing (69%)
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-6.4%
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-6.1%
|
-0.6%
|
-1.5%
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2.5%
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Government (17%)
|
-1.4%
|
0.9%
|
4.0%
|
3.0%
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3.1%
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Unemployment Rate (% of labor force)
|
8.2%
|
7.4%
|
5.2%
|
5.5%
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3.8%
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Other Indicators
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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Single-Family Home Permits
|
-37.2%
|
-63.6%
|
-48.8%
|
-51.9%
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-33.0%
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|
Multifamily Building Permits
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-98.7%
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-70.8%
|
10.0%
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-36.4%
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13.2%
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Home Price Index
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-15.6%
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-13.8%
|
-10.2%
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-11.7%
|
0.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.22
|
3.68
|
2.76
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2.84
|
1.64
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BANKING TRENDS
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General Information
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
|
|
Institutions (#)
|
57
|
57
|
57
|
57
|
57
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|
Total Assets (in millions)
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16,303
|
16,406
|
16,026
|
16,208
|
19,020
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New Institutions (# < 3 years)
|
15
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18
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19
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18
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19
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Subchapter S Institutions
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4
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4
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4
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4
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4
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|
|
|
|
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Asset Quality
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
6.67
|
5.23
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1.96
|
4.41
|
1.17
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Noncurrent Loans / Total Loans (median %)
|
4.29
|
3.78
|
1.32
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2.79
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0.45
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ALLL/Total Loans (median %)
|
1.95
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1.84
|
1.23
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1.65
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1.16
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ALLL/Noncurrent Loans (median multiple)
|
0.50
|
0.50
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0.77
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0.53
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1.31
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Net Loan Losses / Total Loans (median %)
|
1.94
|
1.13
|
0.03
|
0.74
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0.02
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Capital / Earnings
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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Tier 1 Leverage (median %)
|
9.53
|
10.17
|
10.37
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10.34
|
11.60
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Return on Assets (median %)
|
-2.56
|
-1.87
|
-0.60
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-2.81
|
0.35
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Pretax Return on Assets (median %)
|
-3.15
|
-2.49
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-0.97
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-3.41
|
0.58
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Net Interest Margin (median %)
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3.52
|
3.48
|
4.21
|
4.06
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4.82
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Yield on Earning Assets (median %)
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5.52
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5.50
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6.74
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6.68
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8.02
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Cost of Funding Earning Assets (median %)
|
1.98
|
1.89
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2.17
|
2.22
|
3.04
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Provisions to Avg. Assets (median %)
|
1.18
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1.84
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0.90
|
1.69
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0.30
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Noninterest Income to Avg. Assets (median %)
|
0.28
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0.36
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0.34
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0.30
|
0.42
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Overhead to Avg. Assets (median %)
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4.23
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4.18
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4.09
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4.29
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4.18
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Liquidity / Sensitivity
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Net Loans to Assets (median %)
|
72.6
|
75.1
|
80.6
|
76.7
|
77.9
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Noncore Funding to Assets (median %)
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34.1
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33.3
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31.5
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34.2
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29.1
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Long-term Assets to Assets (median %, call filers)
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14.1
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13.5
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13.0
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12.4
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8.6
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Brokered Deposits (number of institutions)
|
40
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40
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32
|
40
|
27
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Brokered Deposits to Assets (median % for those above)
|
11.2
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10.5
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17.6
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12.9
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12.7
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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Commercial and Industrial
|
72.3
|
71.3
|
59.6
|
73.6
|
64.5
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Commercial Real Estate
|
407.6
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403.6
|
415.2
|
397.7
|
419.2
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Construction & Development
|
106.1
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125.2
|
148.5
|
139.5
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159.1
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Multifamily Residential Real Estate
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8.1
|
8.0
|
6.8
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8.4
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6.1
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Nonresidential Real Estate
|
239.3
|
224.4
|
193.2
|
217.8
|
163.5
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Residential Real Estate
|
90.4
|
87.7
|
65.3
|
84.7
|
55.5
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Consumer
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5.4
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6.0
|
5.2
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6.9
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5.4
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Agriculture
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0.0
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0.0
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0.0
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0.0
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0.0
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BANKING PROFILE
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