Florida 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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Q3-09
|
Q2-09
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Q3-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.8%
|
-5.1%
|
-3.4%
|
-3.2%
|
0.2%
|
|
Manufacturing (5%)
|
-11.5%
|
-11.1%
|
-6.8%
|
-6.5%
|
-4.2%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-14.4%
|
-17.6%
|
-17.8%
|
-17.0%
|
-8.7%
|
|
Private Service-Producing (74%)
|
-4.2%
|
-4.4%
|
-2.3%
|
-2.2%
|
1.2%
|
|
Government (15%)
|
-0.8%
|
-0.8%
|
0.2%
|
0.5%
|
2.1%
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|
Unemployment Rate (% of labor force)
|
10.9%
|
10.2%
|
6.5%
|
6.2%
|
4.1%
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|
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|
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Other Indicators
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Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-22.3%
|
-39.9%
|
-40.8%
|
-45.6%
|
-50.9%
|
|
Multifamily Building Permits
|
-82.3%
|
-80.8%
|
-13.1%
|
-29.7%
|
-41.4%
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|
Home Price Index
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-12.4%
|
-13.9%
|
-17.1%
|
-14.6%
|
-1.5%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.34
|
5.23
|
3.67
|
3.41
|
2.17
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BANKING TRENDS
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|
General Information
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Institutions (#)
|
295
|
301
|
311
|
307
|
317
|
|
Total Assets (in millions)
|
167,436
|
165,955
|
166,252
|
167,421
|
160,188
|
|
New Institutions (# < 3 years)
|
43
|
48
|
60
|
56
|
66
|
|
Subchapter S Institutions
|
67
|
70
|
79
|
75
|
78
|
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|
|
|
|
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Asset Quality
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
6.87
|
6.60
|
3.74
|
5.06
|
1.98
|
|
Noncurrent Loans / Total Loans (median %)
|
4.86
|
4.44
|
2.20
|
2.78
|
0.88
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|
ALLL/Total Loans (median %)
|
1.88
|
1.65
|
1.27
|
1.50
|
1.20
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|
ALLL/Noncurrent Loans (median multiple)
|
0.37
|
0.39
|
0.52
|
0.50
|
0.95
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|
Net Loan Losses / Total Loans (median %)
|
1.06
|
0.88
|
0.25
|
0.48
|
0.07
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Capital / Earnings
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
8.54
|
8.67
|
9.91
|
9.17
|
10.07
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Return on Assets (median %)
|
-1.01
|
-1.02
|
-0.31
|
-0.68
|
0.44
|
|
Pretax Return on Assets (median %)
|
-1.33
|
-1.33
|
-0.43
|
-0.99
|
0.64
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|
Net Interest Margin (median %)
|
3.14
|
3.05
|
3.47
|
3.36
|
3.83
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Yield on Earning Assets (median %)
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5.09
|
5.15
|
6.14
|
6.22
|
7.31
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Cost of Funding Earning Assets (median %)
|
1.98
|
2.18
|
2.75
|
2.77
|
3.46
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Provisions to Avg. Assets (median %)
|
1.17
|
1.09
|
0.62
|
0.92
|
0.26
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Noninterest Income to Avg. Assets (median %)
|
0.28
|
0.29
|
0.30
|
0.32
|
0.38
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Overhead to Avg. Assets (median %)
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3.21
|
3.23
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3.18
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3.21
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3.16
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Liquidity / Sensitivity
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Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
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|
Net Loans to Assets (median %)
|
69.4
|
70.6
|
74.6
|
73.9
|
73.8
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Noncore Funding to Assets (median %)
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31.9
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34.0
|
34.6
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35.2
|
30.7
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Long-term Assets to Assets (median %, call filers)
|
19.3
|
18.1
|
15.5
|
16.7
|
12.6
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Brokered Deposits (number of institutions)
|
200
|
203
|
204
|
206
|
171
|
|
Brokered Deposits to Assets (median % for those above)
|
7.4
|
8.9
|
9.4
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9.4
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6.5
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
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Commercial and Industrial
|
60.9
|
59.6
|
55.9
|
59.1
|
52.0
|
|
Commercial Real Estate
|
407.2
|
411.1
|
395.7
|
409.2
|
370.6
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|
Construction & Development
|
88.2
|
93.5
|
105.2
|
104.4
|
117.8
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Multifamily Residential Real Estate
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16.7
|
17.0
|
13.8
|
13.8
|
10.5
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Nonresidential Real Estate
|
261.6
|
257.9
|
210.2
|
238.2
|
188.5
|
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Residential Real Estate
|
153.9
|
150.8
|
127.6
|
134.0
|
114.6
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Consumer
|
8.2
|
7.5
|
7.2
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7.5
|
8.3
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Agriculture
|
1.2
|
1.1
|
0.4
|
0.5
|
0.0
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BANKING PROFILE
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