Georgia at a Glance
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-5.1%
|
-4.2%
|
-0.3%
|
-1.0%
|
1.4%
|
|
Manufacturing (10%)
|
-12.3%
|
-10.9%
|
-4.6%
|
-5.4%
|
-3.6%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-16.4%
|
-13.5%
|
-6.8%
|
-7.8%
|
0.9%
|
|
Private Service-Producing (68%)
|
-4.3%
|
-3.6%
|
0.1%
|
-0.7%
|
2.1%
|
|
Government (17%)
|
-0.4%
|
0.3%
|
2.9%
|
2.5%
|
2.0%
|
|
Unemployment Rate (% of labor force)
|
9.6%
|
9.0%
|
5.9%
|
6.2%
|
4.6%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-52.6%
|
-61.2%
|
-47.7%
|
-52.5%
|
-36.4%
|
|
Multifamily Building Permits
|
-56.9%
|
-70.7%
|
-68.1%
|
-55.6%
|
-2.5%
|
|
Home Price Index
|
-2.8%
|
-1.1%
|
0.5%
|
-0.1%
|
3.6%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
7.16
|
7.10
|
5.76
|
6.12
|
5.09
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
324
|
328
|
354
|
334
|
352
|
|
Total Assets (in millions)
|
283,151
|
289,306
|
287,538
|
300,327
|
284,714
|
|
New Institutions (# < 3 years)
|
32
|
40
|
48
|
42
|
47
|
|
Subchapter S Institutions
|
80
|
80
|
81
|
80
|
76
|
| |
|
|
|
|
|
|
Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
5.41
|
5.30
|
3.52
|
5.11
|
2.79
|
|
Noncurrent Loans / Total Loans (median %)
|
3.30
|
2.98
|
1.74
|
2.53
|
0.96
|
|
ALLL/Total Loans (median %)
|
1.65
|
1.61
|
1.39
|
1.58
|
1.34
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.48
|
0.53
|
0.73
|
0.55
|
1.13
|
|
Net Loan Losses / Total Loans (median %)
|
0.83
|
0.37
|
0.21
|
0.65
|
0.15
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
8.77
|
8.71
|
9.42
|
8.95
|
9.50
|
|
Return on Assets (median %)
|
-0.44
|
0.15
|
0.37
|
0.03
|
0.95
|
|
Pretax Return on Assets (median %)
|
-0.64
|
0.16
|
0.51
|
-0.02
|
1.30
|
|
Net Interest Margin (median %)
|
3.28
|
3.14
|
3.48
|
3.42
|
4.20
|
|
Yield on Earning Assets (median %)
|
5.58
|
5.59
|
6.40
|
6.40
|
7.98
|
|
Cost of Funding Earning Assets (median %)
|
2.40
|
2.56
|
3.05
|
3.06
|
3.79
|
|
Provisions to Avg. Assets (median %)
|
0.64
|
0.44
|
0.37
|
0.79
|
0.28
|
|
Noninterest Income to Avg. Assets (median %)
|
0.46
|
0.49
|
0.57
|
0.52
|
0.61
|
|
Overhead to Avg. Assets (median %)
|
3.02
|
2.82
|
2.91
|
3.01
|
2.98
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
70.7
|
70.4
|
74.8
|
72.7
|
73.8
|
|
Noncore Funding to Assets (median %)
|
32.7
|
33.3
|
32.0
|
33.8
|
29.4
|
|
Long-term Assets to Assets (median %, call filers)
|
11.6
|
12.0
|
11.6
|
12.0
|
8.9
|
|
Brokered Deposits (number of institutions)
|
218
|
219
|
221
|
216
|
218
|
|
Brokered Deposits to Assets (median % for those above)
|
11.3
|
12.1
|
10.6
|
13.3
|
9.6
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
66.8
|
66.5
|
66.0
|
67.7
|
63.8
|
|
Commercial Real Estate
|
378.8
|
394.2
|
406.7
|
387.1
|
385.8
|
|
Construction & Development
|
121.4
|
129.1
|
157.5
|
140.0
|
169.6
|
|
Multifamily Residential Real Estate
|
8.9
|
7.9
|
6.8
|
7.2
|
6.5
|
|
Nonresidential Real Estate
|
209.6
|
206.5
|
184.0
|
203.7
|
168.3
|
|
Residential Real Estate
|
170.4
|
160.7
|
135.1
|
160.8
|
127.5
|
|
Consumer
|
27.1
|
24.7
|
26.1
|
26.5
|
27.2
|
|
Agriculture
|
16.0
|
13.9
|
9.5
|
11.4
|
9.1
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
