Alabama at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q1-09
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Q4-08
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Q1-08
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2008
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2007
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Total Nonfarm (share of trailing four quarter employment in parentheses)
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-3.7%
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-2.0%
|
0.3%
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-0.6%
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1.3%
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Manufacturing (14%)
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-9.5%
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-6.3%
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-2.6%
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-3.9%
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-2.2%
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Other (non-manufacturing) Goods-Producing (6%)
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-12.5%
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-7.0%
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-1.3%
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-3.3%
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2.2%
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Private Service-Producing (61%)
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-2.7%
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-1.4%
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0.7%
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-0.2%
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2.0%
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Government (19%)
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0.1%
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1.2%
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1.9%
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1.7%
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1.8%
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Unemployment Rate (% of labor force)
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8.4%
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6.1%
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4.1%
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5.0%
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3.5%
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Other Indicators
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Q1-09
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Q4-08
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Q1-08
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2008
|
2007
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Single-Family Home Permits
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-49.5%
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-46.1%
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-36.1%
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-38.5%
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-21.9%
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Multifamily Building Permits
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-37.5%
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-19.5%
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14.6%
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-27.8%
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-21.3%
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Home Price Index
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1.0%
|
2.3%
|
4.3%
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2.9%
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5.3%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
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7.19
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6.98
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5.36
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6.22
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5.09
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BANKING TRENDS
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General Information
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Q1-09
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Q4-08
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Q1-08
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2008
|
2007
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Institutions (#)
|
156
|
157
|
162
|
157
|
160
|
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Total Assets (in millions)
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268,337
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271,942
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270,421
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271,942
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248,598
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New Institutions (# < 3 years)
|
11
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12
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15
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12
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13
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Subchapter S Institutions
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47
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42
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42
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42
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39
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Asset Quality
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Q1-09
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Q4-08
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Q1-08
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2008
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2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
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3.81
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3.44
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2.61
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3.44
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2.48
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ALLL/Total Loans (median %)
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1.27
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1.25
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1.20
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1.25
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1.20
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ALLL/Noncurrent Loans (median multiple)
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0.76
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0.84
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1.18
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0.84
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1.22
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Net Loan Losses / Total Loans (median %)
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0.30
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0.33
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0.09
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0.29
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0.14
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Capital / Earnings
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Q1-09
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Q4-08
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Q1-08
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2008
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2007
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Tier 1 Leverage (median %)
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9.91
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9.89
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10.19
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9.89
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10.23
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Return on Assets (median %)
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0.55
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0.39
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0.91
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0.66
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0.95
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Pretax Return on Assets (median %)
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0.76
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0.46
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1.11
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0.80
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1.23
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Net Interest Margin (median %)
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3.47
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3.62
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3.74
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3.68
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3.92
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Yield on Earning Assets (median %)
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5.74
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6.08
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6.75
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6.30
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7.30
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Cost of Funding Earning Assets (median %)
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2.23
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2.44
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3.05
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2.72
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3.35
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Provisions to Avg. Assets (median %)
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0.30
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0.49
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0.14
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0.40
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0.17
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Noninterest Income to Avg. Assets (median %)
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0.62
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0.62
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0.67
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0.68
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0.68
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Overhead to Avg. Assets (median %)
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2.84
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2.98
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2.85
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2.91
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2.88
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Liquidity / Sensitivity
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Q1-09
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Q4-08
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Q1-08
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2008
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2007
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Loans to Assets (median %)
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66.0
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66.8
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64.3
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66.8
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64.5
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Noncore Funding to Assets (median %)
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30.4
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31.8
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28.3
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31.8
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28.4
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Long-term Assets to Assets (median %, call filers)
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21.4
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21.3
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18.8
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21.3
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18.6
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Brokered Deposits (number of institutions)
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81
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81
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62
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81
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61
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Brokered Deposits to Assets (median % for those above)
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5.9
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5.1
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3.9
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5.1
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4.1
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
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Q4-08
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Q1-08
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2008
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2007
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Commercial and Industrial
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75.7
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77.3
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78.7
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77.3
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82.3
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Commercial Real Estate
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281.9
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286.4
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255.3
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286.4
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244.0
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Construction & Development
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84.5
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73.2
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71.5
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73.2
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62.8
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Multifamily Residential Real Estate
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7.2
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6.8
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4.8
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6.8
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4.6
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Nonresidential Real Estate
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167.3
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162.3
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142.9
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162.3
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142.5
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Residential Real Estate
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178.6
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179.2
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161.8
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179.2
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167.5
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Consumer
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41.2
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43.3
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46.0
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43.3
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50.2
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Agriculture
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17.9
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15.5
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15.0
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15.5
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13.7
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BANKING PROFILE
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