South Carolina - Fourth Quarter 2007
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
1.6%
|
3.2%
|
2.5%
|
2.2%
|
1.8%
|
|
Manufacturing (13%)
|
-1.0%
|
-0.3%
|
-2.0%
|
-3.2%
|
-2.7%
|
|
Other (non-manufacturing) Goods-Producing (7%)
|
0.8%
|
2.8%
|
6.8%
|
6.3%
|
1.9%
|
|
Private Service-Producing (63%)
|
2.2%
|
3.8%
|
3.6%
|
3.3%
|
3.1%
|
|
Government (17%)
|
1.8%
|
4.0%
|
0.6%
|
0.9%
|
1.0%
|
|
Unemployment Rate (% of labor force)
|
6.1%
|
5.8%
|
6.3%
|
6.4%
|
6.8%
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|
|
|
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Other Indicators
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Single-Family Home Permits
|
-29.2%
|
-22.9%
|
-28.6%
|
-6.3%
|
23.6%
|
|
Multifamily Building Permits
|
8.9%
|
-60.3%
|
-11.4%
|
-8.8%
|
29.4%
|
|
Home Price Index
|
3.8%
|
4.9%
|
8.3%
|
8.3%
|
7.8%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.66
|
1.65
|
1.57
|
1.41
|
3.61
|
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BANKING TRENDS
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|
General Information
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Institutions (#)
|
93
|
92
|
95
|
95
|
95
|
|
Total Assets (in millions)
|
52,953
|
52,059
|
45,464
|
45,464
|
48,727
|
|
New Institutions (# < 3 years)
|
14
|
13
|
12
|
12
|
5
|
|
Subchapter S Institutions
|
5
|
5
|
5
|
5
|
3
|
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|
|
|
|
|
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Asset Quality
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.53
|
1.33
|
1.16
|
1.16
|
1.44
|
|
ALLL/Total Loans (median %)
|
1.17
|
1.17
|
1.19
|
1.19
|
1.24
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.64
|
2.18
|
2.67
|
2.67
|
2.04
|
|
Net Loan Losses / Total Loans (median %)
|
0.08
|
0.04
|
0.08
|
0.05
|
0.09
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|
|
|
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Capital / Earnings
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Tier 1 Leverage (median %)
|
9.71
|
9.85
|
9.87
|
9.87
|
9.80
|
|
Return on Assets (median %)
|
0.60
|
0.96
|
0.90
|
1.03
|
1.05
|
|
Pretax Return on Assets (median %)
|
0.96
|
1.43
|
1.26
|
1.48
|
1.56
|
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Net Interest Margin (median %)
|
3.89
|
4.02
|
4.12
|
4.09
|
4.22
|
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Yield on Earning Assets (median %)
|
7.33
|
7.50
|
7.22
|
6.89
|
6.12
|
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Cost of Funding Earning Assets (median %)
|
3.57
|
3.57
|
3.17
|
2.81
|
2.00
|
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Provisions to Avg. Assets (median %)
|
0.18
|
0.15
|
0.19
|
0.17
|
0.18
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Noninterest Income to Avg. Assets (median %)
|
0.61
|
0.65
|
0.66
|
0.69
|
0.76
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Overhead to Avg. Assets (median %)
|
3.12
|
2.97
|
3.16
|
2.99
|
2.92
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|
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Liquidity / Sensitivity
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
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Loans to Assets (median %)
|
75.9
|
76.2
|
71.9
|
71.9
|
72.1
|
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Noncore Funding to Assets (median %)
|
28.4
|
28.3
|
27.5
|
27.5
|
24.7
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Long-term Assets to Assets (median %, call filers)
|
14.4
|
13.0
|
11.2
|
11.2
|
10.0
|
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Brokered Deposits (number of institutions)
|
45
|
43
|
44
|
44
|
36
|
|
Brokered Deposits to Assets (median % for those above)
|
9.1
|
9.1
|
7.7
|
7.7
|
6.4
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Loan Concentrations (median % of Tier 1 Capital)
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Commercial and Industrial
|
71.6
|
67.6
|
60.9
|
60.9
|
76.1
|
|
Commercial Real Estate
|
349.8
|
343.7
|
309.5
|
309.5
|
316.0
|
|
Construction & Development
|
130.9
|
135.0
|
119.9
|
119.9
|
96.6
|
|
Multifamily Residential Real Estate
|
4.8
|
4.6
|
4.3
|
4.3
|
3.5
|
|
Nonresidential Real Estate
|
167.0
|
159.6
|
163.2
|
163.2
|
174.5
|
|
Residential Real Estate
|
200.4
|
204.2
|
196.8
|
196.8
|
225.6
|
|
Consumer
|
26.8
|
26.4
|
30.5
|
30.5
|
36.3
|
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Agriculture
|
3.2
|
3.0
|
3.1
|
3.1
|
3.9
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BANKING PROFILE
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