Oregon - 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)
|
0.9%
|
1.1%
|
2.4%
|
1.6%
|
3.0%
|
|
Manufacturing (12%)
|
-2.5%
|
-1.5%
|
0.1%
|
-1.5%
|
1.7%
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|
Other (non-manufacturing) Goods-Producing (6%)
|
-5.5%
|
-0.9%
|
5.7%
|
2.6%
|
9.8%
|
|
Private Service-Producing (65%)
|
1.7%
|
1.5%
|
3.0%
|
2.2%
|
3.3%
|
|
Government (17%)
|
2.6%
|
1.9%
|
0.7%
|
1.4%
|
0.4%
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Unemployment Rate (% of labor force)
|
5.5%
|
5.4%
|
5.0%
|
5.2%
|
5.3%
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Other Indicators
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Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
|
|
Single-Family Home Permits
|
-50.9%
|
-33.8%
|
-19.3%
|
-22.7%
|
-15.6%
|
|
Multifamily Building Permits
|
-47.8%
|
-24.2%
|
73.4%
|
-8.9%
|
-8.4%
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|
Home Price Index
|
2.2%
|
3.9%
|
10.7%
|
6.9%
|
17.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.65
|
2.42
|
2.22
|
2.43
|
2.04
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BANKING TRENDS
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General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
40
|
40
|
40
|
40
|
40
|
|
Total Assets (in millions)
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34,241
|
37,676
|
36,135
|
37,676
|
35,443
|
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New Institutions (# < 3 years)
|
5
|
5
|
6
|
5
|
7
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Subchapter S Institutions
|
3
|
3
|
3
|
3
|
3
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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 %)
|
2.28
|
1.00
|
0.70
|
1.00
|
0.53
|
|
ALLL/Total Loans (median %)
|
1.19
|
1.13
|
1.14
|
1.13
|
1.16
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ALLL/Noncurrent Loans (median multiple)
|
1.01
|
1.75
|
4.53
|
1.75
|
5.41
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|
Net Loan Losses / Total Loans (median %)
|
0.01
|
0.03
|
0.00
|
0.02
|
0.01
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|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.75
|
10.61
|
10.79
|
10.61
|
10.65
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Return on Assets (median %)
|
0.60
|
0.88
|
1.09
|
0.92
|
1.39
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Pretax Return on Assets (median %)
|
0.96
|
1.14
|
1.62
|
1.38
|
1.75
|
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Net Interest Margin (median %)
|
4.70
|
5.03
|
5.15
|
5.11
|
5.35
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Yield on Earning Assets (median %)
|
7.39
|
8.09
|
7.96
|
8.14
|
7.96
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Cost of Funding Earning Assets (median %)
|
2.70
|
2.88
|
2.98
|
3.02
|
2.71
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Provisions to Avg. Assets (median %)
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0.23
|
0.24
|
0.10
|
0.19
|
0.19
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Noninterest Income to Avg. Assets (median %)
|
0.50
|
0.54
|
0.54
|
0.53
|
0.64
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Overhead to Avg. Assets (median %)
|
3.70
|
3.86
|
3.39
|
3.68
|
3.45
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Liquidity / Sensitivity
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Q1-08
|
Q4-07
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Q1-07
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2007
|
2006
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Loans to Assets (median %)
|
82.4
|
82.0
|
80.2
|
82.0
|
81.3
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Noncore Funding to Assets (median %)
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22.9
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20.7
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18.8
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20.7
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20.0
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Long-term Assets to Assets (median %, call filers)
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16.5
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12.0
|
12.1
|
12.0
|
13.2
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Brokered Deposits (number of institutions)
|
25
|
24
|
23
|
24
|
21
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Brokered Deposits to Assets (median % for those above)
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13.6
|
13.4
|
10.6
|
13.4
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8.8
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
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Commercial and Industrial
|
115.7
|
113.5
|
98.3
|
113.5
|
101.0
|
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Commercial Real Estate
|
417.2
|
430.2
|
467.3
|
430.2
|
460.2
|
|
Construction & Development
|
140.6
|
140.9
|
132.3
|
140.9
|
139.2
|
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Multifamily Residential Real Estate
|
21.0
|
18.6
|
20.0
|
18.6
|
20.4
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Nonresidential Real Estate
|
241.9
|
245.0
|
260.5
|
245.0
|
256.3
|
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Residential Real Estate
|
71.3
|
60.9
|
58.1
|
60.9
|
60.9
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Consumer
|
11.1
|
11.7
|
10.6
|
11.7
|
11.6
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Agriculture
|
10.5
|
11.2
|
8.8
|
11.2
|
7.4
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BANKING PROFILE
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