Georgia 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
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.2%
|
-2.7%
|
0.3%
|
-1.0%
|
1.4%
|
|
Manufacturing (10%)
|
-10.9%
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-7.8%
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-3.6%
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-5.4%
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-3.6%
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Other (non-manufacturing) Goods-Producing (5%)
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-13.5%
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-11.0%
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-4.6%
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-7.8%
|
0.9%
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Private Service-Producing (68%)
|
-3.6%
|
-2.4%
|
0.7%
|
-0.7%
|
2.1%
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Government (17%)
|
0.3%
|
1.6%
|
2.8%
|
2.5%
|
2.0%
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Unemployment Rate (% of labor force)
|
9.0%
|
7.2%
|
5.4%
|
6.2%
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4.6%
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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
|
-61.2%
|
-61.8%
|
-51.5%
|
-52.5%
|
-36.4%
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|
Multifamily Building Permits
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-70.7%
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-56.4%
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-60.1%
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-55.6%
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-2.5%
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Home Price Index
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-1.0%
|
-2.1%
|
2.1%
|
0.0%
|
3.7%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
7.10
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6.84
|
5.50
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6.12
|
5.09
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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|
Institutions (#)
|
328
|
334
|
357
|
334
|
352
|
|
Total Assets (in millions)
|
289,326
|
300,339
|
288,420
|
300,339
|
284,714
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New Institutions (# < 3 years)
|
40
|
42
|
50
|
42
|
47
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Subchapter S Institutions
|
80
|
80
|
81
|
80
|
76
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|
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|
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Asset Quality
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Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
5.30
|
5.11
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3.22
|
5.11
|
2.79
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ALLL/Total Loans (median %)
|
1.58
|
1.58
|
1.32
|
1.58
|
1.34
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ALLL/Noncurrent Loans (median multiple)
|
0.52
|
0.55
|
0.76
|
0.55
|
1.13
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Net Loan Losses / Total Loans (median %)
|
0.37
|
1.01
|
0.08
|
0.65
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0.15
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Capital / Earnings
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Q1-09
|
Q4-08
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Q1-08
|
2008
|
2007
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Tier 1 Leverage (median %)
|
8.73
|
8.95
|
9.47
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8.95
|
9.50
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Return on Assets (median %)
|
0.15
|
-0.59
|
0.62
|
0.06
|
0.95
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Pretax Return on Assets (median %)
|
0.17
|
-0.89
|
0.87
|
0.01
|
1.30
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Net Interest Margin (median %)
|
3.14
|
3.17
|
3.66
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3.42
|
4.20
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Yield on Earning Assets (median %)
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5.60
|
5.91
|
7.04
|
6.40
|
7.98
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Cost of Funding Earning Assets (median %)
|
2.56
|
2.83
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3.46
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3.06
|
3.79
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Provisions to Avg. Assets (median %)
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0.43
|
1.24
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0.25
|
0.79
|
0.28
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Noninterest Income to Avg. Assets (median %)
|
0.49
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0.47
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0.60
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0.53
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0.61
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Overhead to Avg. Assets (median %)
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2.82
|
3.00
|
2.96
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3.01
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2.98
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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 %)
|
71.7
|
73.9
|
75.1
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73.9
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74.9
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Noncore Funding to Assets (median %)
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33.3
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33.8
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30.5
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33.8
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29.4
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Long-term Assets to Assets (median %, call filers)
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12.0
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12.0
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10.8
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12.0
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8.9
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Brokered Deposits (number of institutions)
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219
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216
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217
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216
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218
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Brokered Deposits to Assets (median % for those above)
|
12.1
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13.3
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10.0
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13.3
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9.6
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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Commercial and Industrial
|
75.1
|
76.5
|
68.6
|
76.5
|
70.3
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Commercial Real Estate
|
432.0
|
433.4
|
438.9
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433.4
|
424.6
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Construction & Development
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140.6
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154.6
|
177.8
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154.6
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188.5
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Multifamily Residential Real Estate
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8.8
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8.0
|
7.7
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8.0
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7.2
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Nonresidential Real Estate
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225.7
|
227.0
|
192.8
|
227.0
|
187.4
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Residential Real Estate
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177.0
|
175.1
|
141.4
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175.1
|
139.5
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Consumer
|
27.1
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29.1
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29.1
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29.1
|
30.4
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Agriculture
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15.2
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12.8
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9.5
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12.8
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9.8
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BANKING PROFILE
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