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FDIC State Profiles
 

California - First Quarter 2008
ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates Q1-08 Q4-07 Q1-07 2007 2006
Total Nonfarm (share of trailing four quarter employment in parentheses) 0.1% 0.2% 1.2% 0.7% 1.7%
  Manufacturing (10%) -1.7% -1.8% -1.6% -1.7% -1.0%
  Other (non-manufacturing) Goods-Producing (6%) -8.2% -6.1% -2.9% -4.2% 3.2%
  Private Service-Producing (68%) 0.6% 0.7% 1.8% 1.2% 2.1%
  Government (17%) 2.0% 1.9% 1.8% 1.8% 1.3%
Unemployment Rate (% of labor force) 5.9% 5.8% 5.0% 5.4% 4.9%
           
Other Indicators Q1-08 Q4-07 Q1-07 2007 2006
Single-Family Home Permits -61.4% -39.5% -27.0% -35.2% -30.6%
Multifamily Building Permits -27.1% -29.5% -29.3% -22.5% 3.1%
Home Price Index -10.6% -7.2% 0.8% -3.3% 11.3%
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level) 2.67 2.26 1.57 1.89 1.03
           
BANKING TRENDS
General Information Q1-08 Q4-07 Q1-07 2007 2006
Institutions (#) 313 312 306 312 304
Total Assets (in millions) 451,251 452,244 580,452 452,244 573,593
New Institutions (# < 3 years) 68 71 61 71 60
Subchapter S Institutions 23 26 27 26 27
           
Asset Quality Q1-08 Q4-07 Q1-07 2007 2006
Past-Due and Nonaccrual Loans / Total Loans (median %) 1.39 0.96 0.45 0.96 0.33
ALLL/Total Loans (median %) 1.27 1.25 1.22 1.25 1.21
ALLL/Noncurrent Loans (median multiple) 1.21 1.47 2.85 1.47 3.45
Net Loan Losses / Total Loans (median %) 0.00 0.00 0.00 0.01 0.00
           
Capital / Earnings Q1-08 Q4-07 Q1-07 2007 2006
Tier 1 Leverage (median %) 11.18 11.08 10.94 11.08 10.50
Return on Assets (median %) 0.51 0.64 0.92 0.72 1.11
Pretax Return on Assets (median %) 0.71 0.87 1.43 1.08 1.64
Net Interest Margin (median %) 4.14 4.47 4.54 4.56 4.76
Yield on Earning Assets (median %) 6.78 7.33 7.42 7.42 7.26
Cost of Funding Earning Assets (median %) 2.53 2.96 2.84 2.93 2.41
Provisions to Avg. Assets (median %) 0.31 0.32 0.10 0.27 0.13
Noninterest Income to Avg. Assets (median %) 0.39 0.36 0.39 0.37 0.42
Overhead to Avg. Assets (median %) 3.51 3.52 3.36 3.49 3.38
           
Liquidity / Sensitivity Q1-08 Q4-07 Q1-07 2007 2006
Loans to Assets (median %) 75.3 75.3 71.0 75.3 71.3
Noncore Funding to Assets (median %) 27.1 26.8 25.6 26.8 26.2
Long-term Assets to Assets (median %, call filers) 16.6 15.7 13.0 15.7 12.7
Brokered Deposits (number of institutions) 161 156 149 156 138
  Brokered Deposits to Assets (median % for those above) 6.4 5.7 4.4 5.7 5.5
           
Loan Concentrations (median % of Tier 1 Capital) Q1-08 Q4-07 Q1-07 2007 2006
Commercial and Industrial 97.2 98.9 89.1 98.9 90.4
Commercial Real Estate 399.2 393.2 400.1 393.2 405.2
  Construction & Development 72.6 72.7 69.2 72.7 69.9
  Multifamily Residential Real Estate 13.0 12.6 12.1 12.6 12.0
  Nonresidential Real Estate 241.2 234.3 226.0 234.3 221.4
Residential Real Estate 35.9 34.4 33.7 34.4 34.2
Consumer 4.5 4.5 4.9 4.5 4.7
Agriculture 0.0 0.0 0.0 0.0 0.0
           
BANKING PROFILE
Largest Deposit Markets (from 2007 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Los Angeles-Long Beach-Santa Ana, CA 174 301,888   < $250 million 167 (53.4% )
San Francisco-Oakland-Fremont, CA 89 174,241   $250 million to $1 billion 83 (26.5% )
San Jose-Sunnyvale-Santa Clara, CA 57 52,552   $1 billion to $10 billion 53 (16.9% )
San Diego-Carlsbad-San Marcos, CA 68 47,674   > $10 billion 10 (3.2% )
Riverside-San Bernardino-Ontario, CA 69 38,570  
           
 
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