North Carolina at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.4%
|
-2.2%
|
1.2%
|
-0.4%
|
2.6%
|
|
Manufacturing (12%)
|
-11.7%
|
-7.0%
|
-3.1%
|
-4.5%
|
-2.7%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-16.7%
|
-11.0%
|
-2.6%
|
-7.2%
|
3.6%
|
|
Private Service-Producing (65%)
|
-3.8%
|
-2.0%
|
2.3%
|
0.3%
|
3.7%
|
|
Government (17%)
|
3.3%
|
3.6%
|
2.3%
|
2.9%
|
2.3%
|
|
Unemployment Rate (% of labor force)
|
10.4%
|
7.5%
|
5.2%
|
6.3%
|
4.7%
|
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|
|
|
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Other Indicators
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-55.9%
|
-53.6%
|
-37.6%
|
-41.2%
|
-18.1%
|
|
Multifamily Building Permits
|
-51.6%
|
-36.0%
|
4.9%
|
-0.3%
|
-15.8%
|
|
Home Price Index
|
0.4%
|
1.4%
|
3.9%
|
2.6%
|
6.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.66
|
2.58
|
2.22
|
2.37
|
2.12
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BANKING TRENDS
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|
General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
110
|
110
|
110
|
110
|
112
|
|
Total Assets (in millions)
|
2,249,768
|
2,350,662
|
2,245,042
|
2,350,662
|
2,184,709
|
|
New Institutions (# < 3 years)
|
15
|
19
|
17
|
19
|
16
|
|
Subchapter S Institutions
|
3
|
3
|
2
|
3
|
2
|
| |
|
|
|
|
|
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Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.77
|
2.36
|
1.13
|
2.36
|
1.44
|
|
ALLL/Total Loans (median %)
|
1.44
|
1.36
|
1.20
|
1.36
|
1.20
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.83
|
0.96
|
1.52
|
0.96
|
1.87
|
|
Net Loan Losses / Total Loans (median %)
|
0.25
|
0.29
|
0.03
|
0.24
|
0.08
|
| |
|
|
|
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.75
|
9.52
|
9.94
|
9.52
|
9.65
|
|
Return on Assets (median %)
|
0.25
|
-0.08
|
0.48
|
0.11
|
0.68
|
|
Pretax Return on Assets (median %)
|
0.32
|
-0.24
|
0.65
|
0.12
|
1.03
|
|
Net Interest Margin (median %)
|
3.07
|
3.02
|
3.35
|
3.20
|
3.72
|
|
Yield on Earning Assets (median %)
|
5.39
|
5.80
|
6.74
|
6.14
|
7.44
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|
Cost of Funding Earning Assets (median %)
|
2.37
|
2.71
|
3.38
|
2.99
|
3.57
|
|
Provisions to Avg. Assets (median %)
|
0.50
|
0.65
|
0.23
|
0.48
|
0.20
|
|
Noninterest Income to Avg. Assets (median %)
|
0.50
|
0.45
|
0.52
|
0.45
|
0.58
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|
Overhead to Avg. Assets (median %)
|
2.76
|
2.82
|
2.78
|
2.83
|
2.85
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|
|
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Liquidity / Sensitivity
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Loans to Assets (median %)
|
76.2
|
77.3
|
76.0
|
77.3
|
77.1
|
|
Noncore Funding to Assets (median %)
|
34.1
|
34.8
|
32.3
|
34.8
|
29.5
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Long-term Assets to Assets (median %, call filers)
|
19.8
|
18.0
|
17.3
|
18.0
|
16.5
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Brokered Deposits (number of institutions)
|
82
|
82
|
71
|
82
|
76
|
|
Brokered Deposits to Assets (median % for those above)
|
9.2
|
8.5
|
6.6
|
8.5
|
6.1
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|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Commercial and Industrial
|
75.2
|
76.8
|
78.8
|
76.8
|
74.8
|
|
Commercial Real Estate
|
398.4
|
417.1
|
372.5
|
417.1
|
367.5
|
|
Construction & Development
|
162.7
|
168.9
|
165.3
|
168.9
|
160.5
|
|
Multifamily Residential Real Estate
|
11.4
|
11.9
|
10.8
|
11.9
|
10.9
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|
Nonresidential Real Estate
|
213.0
|
209.2
|
171.6
|
209.2
|
167.2
|
|
Residential Real Estate
|
234.1
|
228.0
|
225.1
|
228.0
|
225.6
|
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Consumer
|
11.8
|
12.9
|
14.6
|
12.9
|
14.7
|
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Agriculture
|
2.6
|
2.9
|
2.5
|
2.9
|
2.8
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BANKING PROFILE
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