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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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-2.6%
|
-2.2%
|
0.2%
|
-0.1%
|
0.9%
|
|
Manufacturing (7%)
|
-9.3%
|
-6.5%
|
-4.5%
|
-4.7%
|
-3.6%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-13.9%
|
-12.2%
|
-6.6%
|
-7.0%
|
-3.6%
|
|
Private Service-Producing (68%)
|
-2.0%
|
-1.7%
|
1.1%
|
0.6%
|
1.8%
|
|
Government (19%)
|
1.5%
|
1.2%
|
1.4%
|
1.7%
|
1.2%
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|
Unemployment Rate (% of labor force)
|
7.0%
|
6.5%
|
3.8%
|
4.0%
|
3.0%
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|
|
|
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Other Indicators
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-17.4%
|
-40.4%
|
-38.0%
|
-32.1%
|
-23.5%
|
|
Multifamily Building Permits
|
-34.0%
|
-50.7%
|
1.1%
|
0.6%
|
-12.2%
|
|
Home Price Index
|
-4.4%
|
-4.3%
|
-3.2%
|
-3.1%
|
2.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.67
|
4.30
|
3.51
|
3.55
|
2.45
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
120
|
119
|
118
|
118
|
119
|
|
Total Assets (in millions)
|
446,469
|
461,329
|
375,217
|
576,012
|
375,384
|
|
New Institutions (# < 3 years)
|
12
|
14
|
13
|
12
|
12
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
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|
|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.37
|
3.29
|
1.77
|
2.77
|
1.62
|
|
Noncurrent Loans / Total Loans (median %)
|
1.56
|
1.25
|
0.55
|
1.05
|
0.38
|
|
ALLL/Total Loans (median %)
|
1.26
|
1.24
|
1.07
|
1.25
|
1.07
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|
ALLL/Noncurrent Loans (median multiple)
|
0.79
|
0.93
|
1.88
|
1.19
|
2.23
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|
Net Loan Losses / Total Loans (median %)
|
0.21
|
0.18
|
0.10
|
0.18
|
0.07
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.29
|
9.34
|
9.35
|
9.28
|
9.62
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|
Return on Assets (median %)
|
0.26
|
0.35
|
0.67
|
0.35
|
0.81
|
|
Pretax Return on Assets (median %)
|
0.29
|
0.46
|
0.95
|
0.46
|
1.13
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|
Net Interest Margin (median %)
|
3.57
|
3.45
|
3.70
|
3.67
|
3.87
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Yield on Earning Assets (median %)
|
5.61
|
5.71
|
6.35
|
6.31
|
7.16
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Cost of Funding Earning Assets (median %)
|
2.07
|
2.25
|
2.71
|
2.68
|
3.22
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Provisions to Avg. Assets (median %)
|
0.35
|
0.32
|
0.19
|
0.41
|
0.14
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Noninterest Income to Avg. Assets (median %)
|
0.55
|
0.50
|
0.60
|
0.56
|
0.60
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Overhead to Avg. Assets (median %)
|
3.14
|
2.99
|
3.09
|
3.16
|
3.03
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Liquidity / Sensitivity
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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|
Net Loans to Assets (median %)
|
73.1
|
72.4
|
74.7
|
74.5
|
73.0
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Noncore Funding to Assets (median %)
|
28.3
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27.9
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25.9
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28.0
|
25.1
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Long-term Assets to Assets (median %, call filers)
|
23.3
|
22.0
|
21.0
|
22.4
|
18.3
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Brokered Deposits (number of institutions)
|
79
|
78
|
58
|
77
|
51
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Brokered Deposits to Assets (median % for those above)
|
5.7
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5.1
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2.4
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5.3
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2.7
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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Commercial and Industrial
|
63.5
|
63.9
|
67.8
|
67.6
|
68.5
|
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Commercial Real Estate
|
314.3
|
312.0
|
322.6
|
301.7
|
307.7
|
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Construction & Development
|
84.4
|
86.5
|
90.5
|
90.6
|
97.9
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Multifamily Residential Real Estate
|
12.3
|
12.6
|
11.9
|
11.9
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10.3
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Nonresidential Real Estate
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191.6
|
187.8
|
186.1
|
189.6
|
175.1
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Residential Real Estate
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209.7
|
207.8
|
207.7
|
211.3
|
206.5
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Consumer
|
27.5
|
31.0
|
32.3
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32.1
|
32.4
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Agriculture
|
4.6
|
4.0
|
4.7
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3.7
|
3.4
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BANKING PROFILE
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