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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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-5.1%
|
-5.1%
|
-3.0%
|
-3.2%
|
0.2%
|
|
Manufacturing (5%)
|
-11.1%
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-9.0%
|
-6.5%
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-6.5%
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-4.2%
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|
Other (non-manufacturing) Goods-Producing (6%)
|
-17.6%
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-19.3%
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-17.1%
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-17.0%
|
-8.7%
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Private Service-Producing (74%)
|
-4.4%
|
-4.4%
|
-1.9%
|
-2.2%
|
1.2%
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|
Government (15%)
|
-0.8%
|
-0.2%
|
0.5%
|
0.5%
|
2.1%
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Unemployment Rate (% of labor force)
|
10.2%
|
9.4%
|
5.8%
|
6.2%
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4.1%
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Other Indicators
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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|
Single-Family Home Permits
|
-39.9%
|
-52.2%
|
-47.7%
|
-45.6%
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-50.9%
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|
Multifamily Building Permits
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-80.8%
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-41.2%
|
-25.6%
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-29.7%
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-41.4%
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Home Price Index
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-13.8%
|
-14.7%
|
-13.5%
|
-14.5%
|
-1.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.23
|
4.26
|
3.23
|
3.41
|
2.17
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
301
|
305
|
311
|
307
|
317
|
|
Total Assets (in millions)
|
166,009
|
170,118
|
162,342
|
167,446
|
160,188
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|
New Institutions (# < 3 years)
|
48
|
52
|
64
|
56
|
66
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Subchapter S Institutions
|
70
|
73
|
79
|
75
|
78
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|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
6.58
|
6.35
|
3.14
|
5.06
|
1.98
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|
Noncurrent Loans / Total Loans (median %)
|
4.43
|
3.61
|
1.65
|
2.78
|
0.88
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|
ALLL/Total Loans (median %)
|
1.65
|
1.51
|
1.25
|
1.50
|
1.20
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ALLL/Noncurrent Loans (median multiple)
|
0.39
|
0.44
|
0.60
|
0.50
|
0.95
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Net Loan Losses / Total Loans (median %)
|
0.83
|
0.38
|
0.10
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0.48
|
0.07
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
8.80
|
9.08
|
9.97
|
9.17
|
10.07
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Return on Assets (median %)
|
-0.97
|
-0.32
|
0.03
|
-0.68
|
0.44
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Pretax Return on Assets (median %)
|
-1.27
|
-0.49
|
0.07
|
-0.99
|
0.64
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Net Interest Margin (median %)
|
3.05
|
2.97
|
3.47
|
3.36
|
3.83
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Yield on Earning Assets (median %)
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5.15
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5.36
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6.21
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6.22
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7.31
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Cost of Funding Earning Assets (median %)
|
2.18
|
2.41
|
2.72
|
2.77
|
3.46
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Provisions to Avg. Assets (median %)
|
1.02
|
0.62
|
0.50
|
0.92
|
0.26
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Noninterest Income to Avg. Assets (median %)
|
0.29
|
0.28
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0.34
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0.32
|
0.38
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Overhead to Avg. Assets (median %)
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3.23
|
3.02
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3.15
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3.21
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3.16
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Liquidity / Sensitivity
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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|
Net Loans to Assets (median %)
|
70.9
|
70.8
|
74.0
|
73.9
|
73.8
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Noncore Funding to Assets (median %)
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34.0
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34.5
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32.8
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35.2
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30.7
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Long-term Assets to Assets (median %, call filers)
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18.0
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17.8
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15.5
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16.7
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12.6
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Brokered Deposits (number of institutions)
|
202
|
206
|
187
|
206
|
171
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Brokered Deposits to Assets (median % for those above)
|
9.0
|
9.5
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7.2
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9.4
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6.5
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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Commercial and Industrial
|
59.6
|
56.5
|
54.3
|
59.1
|
52.0
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Commercial Real Estate
|
411.1
|
413.4
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389.6
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409.2
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370.6
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Construction & Development
|
91.8
|
100.0
|
110.4
|
104.4
|
117.8
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Multifamily Residential Real Estate
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16.8
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15.7
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14.0
|
13.8
|
10.5
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Nonresidential Real Estate
|
257.9
|
241.1
|
201.9
|
238.4
|
188.5
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Residential Real Estate
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150.8
|
142.2
|
122.0
|
134.0
|
114.6
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Consumer
|
7.6
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7.4
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7.5
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7.5
|
8.3
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Agriculture
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1.1
|
0.7
|
0.1
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0.5
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0.0
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BANKING PROFILE
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