Nevada - First Quarter 2008
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.2%
|
0.3%
|
2.1%
|
1.0%
|
4.6%
|
|
Manufacturing (4%)
|
1.5%
|
-0.3%
|
2.0%
|
0.3%
|
5.0%
|
|
Other (non-manufacturing) Goods-Producing (11%)
|
-6.2%
|
-5.3%
|
-4.3%
|
-5.5%
|
6.2%
|
|
Private Service-Producing (73%)
|
0.7%
|
0.8%
|
2.7%
|
1.5%
|
4.4%
|
|
Government (12%)
|
2.8%
|
3.3%
|
5.1%
|
4.4%
|
4.1%
|
|
Unemployment Rate (% of labor force)
|
5.6%
|
5.1%
|
4.5%
|
4.8%
|
4.2%
|
| |
|
|
|
|
|
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Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-69.3%
|
-25.4%
|
-46.1%
|
-38.2%
|
-29.2%
|
|
Multifamily Building Permits
|
81.8%
|
167.8%
|
-76.3%
|
7.9%
|
-1.0%
|
|
Home Price Index
|
-10.3%
|
-6.1%
|
0.6%
|
-2.6%
|
9.6%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.36
|
4.76
|
3.30
|
4.14
|
2.15
|
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|
|
|
|
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
45
|
44
|
40
|
44
|
38
|
|
Total Assets (in millions)
|
1,726,102
|
1,679,552
|
1,447,068
|
1,679,552
|
1,416,310
|
|
New Institutions (# < 3 years)
|
12
|
11
|
8
|
11
|
6
|
|
Subchapter S Institutions
|
7
|
7
|
5
|
7
|
5
|
| |
|
|
|
|
|
|
Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.02
|
1.51
|
0.75
|
1.51
|
0.79
|
|
ALLL/Total Loans (median %)
|
1.25
|
1.19
|
1.10
|
1.19
|
1.12
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.91
|
1.37
|
1.77
|
1.37
|
2.48
|
|
Net Loan Losses / Total Loans (median %)
|
0.18
|
0.01
|
0.00
|
0.04
|
0.01
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
11.39
|
11.29
|
11.02
|
11.29
|
10.09
|
|
Return on Assets (median %)
|
0.11
|
0.71
|
1.54
|
1.15
|
1.66
|
|
Pretax Return on Assets (median %)
|
0.17
|
0.81
|
2.06
|
1.40
|
2.29
|
|
Net Interest Margin (median %)
|
4.45
|
4.83
|
5.15
|
4.85
|
5.05
|
|
Yield on Earning Assets (median %)
|
7.07
|
7.63
|
7.95
|
7.76
|
7.52
|
|
Cost of Funding Earning Assets (median %)
|
2.63
|
3.02
|
2.96
|
3.00
|
2.62
|
|
Provisions to Avg. Assets (median %)
|
0.63
|
0.57
|
0.18
|
0.33
|
0.23
|
|
Noninterest Income to Avg. Assets (median %)
|
0.28
|
0.19
|
0.37
|
0.24
|
0.37
|
|
Overhead to Avg. Assets (median %)
|
3.69
|
3.75
|
3.13
|
3.50
|
2.96
|
| |
|
|
|
|
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
74.9
|
74.1
|
75.6
|
74.1
|
75.9
|
|
Noncore Funding to Assets (median %)
|
29.4
|
22.9
|
20.8
|
22.9
|
23.1
|
|
Long-term Assets to Assets (median %, call filers)
|
11.8
|
9.8
|
11.5
|
9.8
|
12.9
|
|
Brokered Deposits (number of institutions)
|
24
|
24
|
21
|
24
|
21
|
|
Brokered Deposits to Assets (median % for those above)
|
14.4
|
11.6
|
11.4
|
11.6
|
10.9
|
| |
|
|
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
65.7
|
55.0
|
68.6
|
55.0
|
70.7
|
|
Commercial Real Estate
|
208.5
|
211.0
|
307.9
|
211.0
|
406.4
|
|
Construction & Development
|
109.5
|
102.9
|
79.8
|
102.9
|
111.7
|
|
Multifamily Residential Real Estate
|
0.0
|
0.0
|
2.7
|
0.0
|
3.9
|
|
Nonresidential Real Estate
|
112.4
|
94.7
|
116.6
|
94.7
|
134.3
|
|
Residential Real Estate
|
26.1
|
24.2
|
34.8
|
24.2
|
33.7
|
|
Consumer
|
4.7
|
5.4
|
9.1
|
5.4
|
9.2
|
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
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BANKING PROFILE
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