Virginia 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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Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.0%
|
-2.6%
|
0.1%
|
-0.1%
|
0.9%
|
|
Manufacturing (7%)
|
-10.3%
|
-9.3%
|
-4.5%
|
-4.7%
|
-3.6%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-12.2%
|
-13.9%
|
-6.9%
|
-7.0%
|
-3.6%
|
|
Private Service-Producing (69%)
|
-2.4%
|
-2.0%
|
0.8%
|
0.6%
|
1.8%
|
|
Government (19%)
|
0.9%
|
1.5%
|
1.9%
|
1.7%
|
1.2%
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|
Unemployment Rate (% of labor force)
|
6.7%
|
7.0%
|
4.1%
|
4.0%
|
3.0%
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|
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|
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Other Indicators
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Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-6.0%
|
-17.4%
|
-31.2%
|
-32.1%
|
-23.5%
|
|
Multifamily Building Permits
|
-42.5%
|
-34.0%
|
13.4%
|
0.6%
|
-12.2%
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|
Home Price Index
|
-4.2%
|
-4.3%
|
-4.4%
|
-3.2%
|
2.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.68
|
4.67
|
3.68
|
3.55
|
2.45
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BANKING TRENDS
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General Information
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Institutions (#)
|
119
|
120
|
119
|
118
|
119
|
|
Total Assets (in millions)
|
445,121
|
446,466
|
377,863
|
576,012
|
375,384
|
|
New Institutions (# < 3 years)
|
12
|
12
|
15
|
12
|
12
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
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|
|
|
|
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Asset Quality
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.86
|
3.37
|
1.95
|
2.77
|
1.62
|
|
Noncurrent Loans / Total Loans (median %)
|
1.86
|
1.56
|
0.76
|
1.05
|
0.38
|
|
ALLL/Total Loans (median %)
|
1.34
|
1.26
|
1.10
|
1.25
|
1.07
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|
ALLL/Noncurrent Loans (median multiple)
|
0.74
|
0.76
|
1.26
|
1.19
|
2.23
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|
Net Loan Losses / Total Loans (median %)
|
0.23
|
0.24
|
0.10
|
0.18
|
0.07
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Capital / Earnings
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
9.51
|
9.29
|
9.42
|
9.28
|
9.62
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|
Return on Assets (median %)
|
0.33
|
0.24
|
0.44
|
0.35
|
0.81
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Pretax Return on Assets (median %)
|
0.38
|
0.29
|
0.52
|
0.46
|
1.13
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Net Interest Margin (median %)
|
3.72
|
3.57
|
3.78
|
3.67
|
3.87
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Yield on Earning Assets (median %)
|
5.62
|
5.61
|
6.31
|
6.31
|
7.16
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Cost of Funding Earning Assets (median %)
|
1.94
|
2.07
|
2.60
|
2.68
|
3.22
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Provisions to Avg. Assets (median %)
|
0.45
|
0.37
|
0.30
|
0.41
|
0.14
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Noninterest Income to Avg. Assets (median %)
|
0.58
|
0.55
|
0.57
|
0.56
|
0.60
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Overhead to Avg. Assets (median %)
|
3.05
|
3.14
|
3.08
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3.16
|
3.03
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Liquidity / Sensitivity
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Q3-09
|
Q2-09
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Q3-08
|
2008
|
2007
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|
Net Loans to Assets (median %)
|
73.2
|
73.1
|
74.2
|
74.5
|
73.0
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Noncore Funding to Assets (median %)
|
27.3
|
28.3
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26.0
|
28.0
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25.1
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|
Long-term Assets to Assets (median %, call filers)
|
22.5
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23.3
|
20.3
|
22.4
|
18.3
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Brokered Deposits (number of institutions)
|
77
|
79
|
68
|
77
|
51
|
|
Brokered Deposits to Assets (median % for those above)
|
5.8
|
5.7
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4.4
|
5.3
|
2.7
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
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Commercial and Industrial
|
61.8
|
63.5
|
68.0
|
67.6
|
68.5
|
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Commercial Real Estate
|
320.6
|
314.3
|
313.3
|
301.7
|
307.7
|
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Construction & Development
|
77.4
|
84.4
|
82.8
|
90.6
|
97.9
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Multifamily Residential Real Estate
|
16.1
|
12.3
|
11.5
|
11.9
|
10.3
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Nonresidential Real Estate
|
198.1
|
191.6
|
185.5
|
189.6
|
175.1
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Residential Real Estate
|
213.5
|
209.7
|
207.6
|
211.3
|
206.5
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Consumer
|
28.6
|
27.6
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31.3
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32.1
|
32.4
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Agriculture
|
4.3
|
4.6
|
4.0
|
3.7
|
3.4
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BANKING PROFILE
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