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