North Carolina 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
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.8%
|
-4.4%
|
0.2%
|
-0.4%
|
2.6%
|
|
Manufacturing (12%)
|
-13.3%
|
-11.7%
|
-3.2%
|
-4.5%
|
-2.7%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-17.9%
|
-16.7%
|
-6.2%
|
-7.2%
|
3.6%
|
|
Private Service-Producing (65%)
|
-3.7%
|
-3.8%
|
0.9%
|
0.3%
|
3.7%
|
|
Government (18%)
|
1.7%
|
3.3%
|
2.7%
|
2.9%
|
2.3%
|
|
Unemployment Rate (% of labor force)
|
10.9%
|
10.4%
|
5.9%
|
6.3%
|
4.7%
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|
|
|
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Other Indicators
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-40.2%
|
-55.9%
|
-39.2%
|
-41.2%
|
-18.1%
|
|
Multifamily Building Permits
|
-23.3%
|
-51.6%
|
2.8%
|
-0.3%
|
-15.8%
|
|
Home Price Index
|
-1.3%
|
0.4%
|
3.0%
|
2.4%
|
6.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.83
|
2.66
|
2.28
|
2.37
|
2.12
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
107
|
110
|
111
|
110
|
112
|
|
Total Assets (in millions)
|
2,253,809
|
2,249,768
|
2,225,121
|
2,350,661
|
2,184,709
|
|
New Institutions (# < 3 years)
|
15
|
15
|
20
|
19
|
16
|
|
Subchapter S Institutions
|
3
|
3
|
3
|
3
|
2
|
| |
|
|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.23
|
2.77
|
1.39
|
2.36
|
1.44
|
|
Noncurrent Loans / Total Loans (median %)
|
1.84
|
1.51
|
0.52
|
1.17
|
0.39
|
|
ALLL/Total Loans (median %)
|
1.45
|
1.44
|
1.22
|
1.36
|
1.20
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|
ALLL/Noncurrent Loans (median multiple)
|
0.64
|
0.83
|
1.39
|
0.96
|
1.87
|
|
Net Loan Losses / Total Loans (median %)
|
0.43
|
0.26
|
0.10
|
0.24
|
0.08
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|
|
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.72
|
9.75
|
9.76
|
9.52
|
9.65
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|
Return on Assets (median %)
|
0.20
|
0.24
|
0.36
|
0.11
|
0.68
|
|
Pretax Return on Assets (median %)
|
0.22
|
0.30
|
0.46
|
0.12
|
1.03
|
|
Net Interest Margin (median %)
|
3.16
|
3.07
|
3.24
|
3.20
|
3.72
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Yield on Earning Assets (median %)
|
5.38
|
5.38
|
6.15
|
6.14
|
7.44
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Cost of Funding Earning Assets (median %)
|
2.13
|
2.37
|
2.93
|
2.99
|
3.57
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Provisions to Avg. Assets (median %)
|
0.50
|
0.51
|
0.31
|
0.48
|
0.20
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|
Noninterest Income to Avg. Assets (median %)
|
0.44
|
0.50
|
0.48
|
0.45
|
0.58
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Overhead to Avg. Assets (median %)
|
3.01
|
2.76
|
2.75
|
2.83
|
2.85
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Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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|
Net Loans to Assets (median %)
|
74.2
|
75.1
|
77.0
|
76.0
|
76.4
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Noncore Funding to Assets (median %)
|
32.3
|
34.1
|
32.2
|
34.8
|
29.5
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Long-term Assets to Assets (median %, call filers)
|
19.0
|
19.8
|
17.3
|
18.0
|
16.5
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Brokered Deposits (number of institutions)
|
79
|
82
|
77
|
82
|
76
|
|
Brokered Deposits to Assets (median % for those above)
|
8.8
|
9.2
|
8.1
|
8.5
|
6.1
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
65.3
|
66.7
|
72.7
|
67.7
|
68.7
|
|
Commercial Real Estate
|
345.9
|
360.3
|
339.3
|
370.5
|
333.8
|
|
Construction & Development
|
125.0
|
148.8
|
150.1
|
150.5
|
144.9
|
|
Multifamily Residential Real Estate
|
11.0
|
10.2
|
9.7
|
10.4
|
10.0
|
|
Nonresidential Real Estate
|
183.0
|
191.9
|
180.6
|
191.8
|
155.1
|
|
Residential Real Estate
|
207.0
|
208.8
|
199.7
|
203.8
|
201.8
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Consumer
|
10.4
|
10.9
|
12.9
|
12.0
|
13.2
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Agriculture
|
2.1
|
2.1
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2.2
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2.3
|
2.3
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BANKING PROFILE
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