Washington - First Quarter 2008
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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)
|
2.0%
|
2.4%
|
2.6%
|
2.5%
|
3.0%
|
|
Manufacturing (10%)
|
2.3%
|
2.4%
|
2.8%
|
2.6%
|
4.9%
|
|
Other (non-manufacturing) Goods-Producing (7%)
|
0.9%
|
3.8%
|
7.7%
|
6.0%
|
9.3%
|
|
Private Service-Producing (64%)
|
2.1%
|
2.7%
|
2.8%
|
2.7%
|
2.7%
|
|
Government (18%)
|
1.5%
|
1.0%
|
0.0%
|
0.5%
|
0.6%
|
|
Unemployment Rate (% of labor force)
|
4.6%
|
4.6%
|
4.5%
|
4.5%
|
4.9%
|
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|
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|
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Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-42.2%
|
-27.4%
|
-9.5%
|
-14.8%
|
-17.0%
|
|
Multifamily Building Permits
|
-48.6%
|
41.9%
|
123.0%
|
15.0%
|
19.3%
|
|
Home Price Index
|
2.9%
|
5.5%
|
11.7%
|
8.2%
|
16.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.79
|
2.45
|
2.20
|
2.33
|
1.81
|
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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 (#)
|
97
|
97
|
100
|
97
|
99
|
|
Total Assets (in millions)
|
77,036
|
75,048
|
68,878
|
75,048
|
65,464
|
|
New Institutions (# < 3 years)
|
14
|
13
|
15
|
13
|
14
|
|
Subchapter S Institutions
|
13
|
11
|
11
|
11
|
10
|
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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 %)
|
1.75
|
1.42
|
0.60
|
1.42
|
0.54
|
|
ALLL/Total Loans (median %)
|
1.32
|
1.26
|
1.23
|
1.26
|
1.25
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.49
|
1.59
|
4.61
|
1.59
|
3.48
|
|
Net Loan Losses / Total Loans (median %)
|
0.00
|
0.04
|
0.00
|
0.03
|
0.02
|
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|
|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.08
|
10.13
|
10.04
|
10.13
|
9.92
|
|
Return on Assets (median %)
|
0.77
|
0.74
|
1.11
|
0.96
|
1.06
|
|
Pretax Return on Assets (median %)
|
1.02
|
0.89
|
1.43
|
1.21
|
1.56
|
|
Net Interest Margin (median %)
|
4.23
|
4.49
|
4.74
|
4.69
|
4.84
|
|
Yield on Earning Assets (median %)
|
7.22
|
7.90
|
7.83
|
7.96
|
7.61
|
|
Cost of Funding Earning Assets (median %)
|
3.17
|
3.40
|
3.18
|
3.40
|
2.84
|
|
Provisions to Avg. Assets (median %)
|
0.28
|
0.31
|
0.11
|
0.22
|
0.20
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Noninterest Income to Avg. Assets (median %)
|
0.45
|
0.46
|
0.43
|
0.47
|
0.53
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|
Overhead to Avg. Assets (median %)
|
3.24
|
3.45
|
3.36
|
3.35
|
3.45
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
83.5
|
82.8
|
78.3
|
82.8
|
78.2
|
|
Noncore Funding to Assets (median %)
|
29.8
|
29.2
|
25.9
|
29.2
|
28.7
|
|
Long-term Assets to Assets (median %, call filers)
|
12.3
|
11.5
|
9.4
|
11.5
|
9.2
|
|
Brokered Deposits (number of institutions)
|
63
|
64
|
60
|
64
|
55
|
|
Brokered Deposits to Assets (median % for those above)
|
6.4
|
7.0
|
6.3
|
7.0
|
5.7
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|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
118.0
|
117.0
|
118.7
|
117.0
|
117.6
|
|
Commercial Real Estate
|
448.6
|
449.8
|
422.6
|
449.8
|
417.0
|
|
Construction & Development
|
169.2
|
172.0
|
142.3
|
172.0
|
133.3
|
|
Multifamily Residential Real Estate
|
20.7
|
19.0
|
22.2
|
19.0
|
20.7
|
|
Nonresidential Real Estate
|
213.7
|
211.9
|
196.2
|
211.9
|
207.1
|
|
Residential Real Estate
|
83.9
|
83.2
|
76.4
|
83.2
|
78.1
|
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Consumer
|
12.9
|
12.8
|
14.6
|
12.8
|
17.0
|
|
Agriculture
|
3.7
|
2.3
|
4.6
|
2.3
|
4.2
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BANKING PROFILE
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