West 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)
|
-2.9%
|
-1.7%
|
0.4%
|
0.4%
|
0.3%
|
|
Manufacturing (7%)
|
-10.3%
|
-7.0%
|
-4.1%
|
-4.5%
|
-3.3%
|
|
Other (non-manufacturing) Goods-Producing (9%)
|
-8.4%
|
0.8%
|
1.6%
|
2.4%
|
0.2%
|
|
Private Service-Producing (64%)
|
-2.2%
|
-2.0%
|
0.7%
|
0.5%
|
0.7%
|
|
Government (20%)
|
0.5%
|
0.1%
|
0.6%
|
1.0%
|
0.4%
|
|
Unemployment Rate (% of labor force)
|
8.4%
|
6.0%
|
4.3%
|
4.3%
|
4.3%
|
| |
|
|
|
|
|
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Other Indicators
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-40.7%
|
-52.2%
|
-38.5%
|
-35.4%
|
-22.2%
|
|
Multifamily Building Permits
|
-84.9%
|
-72.8%
|
167.7%
|
-5.2%
|
217.5%
|
|
Home Price Index
|
-1.5%
|
-0.2%
|
2.8%
|
1.4%
|
3.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.53
|
3.53
|
3.02
|
2.83
|
2.40
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| |
|
|
|
|
|
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
66
|
66
|
68
|
66
|
68
|
|
Total Assets (in millions)
|
25,547
|
25,797
|
24,635
|
24,992
|
23,010
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
Subchapter S Institutions
|
6
|
6
|
5
|
5
|
5
|
| |
|
|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.12
|
2.91
|
2.68
|
3.03
|
2.40
|
|
Noncurrent Loans / Total Loans (median %)
|
1.36
|
0.98
|
0.82
|
0.80
|
0.70
|
|
ALLL/Total Loans (median %)
|
1.14
|
1.14
|
1.09
|
1.14
|
1.10
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.78
|
1.00
|
1.27
|
1.03
|
1.33
|
|
Net Loan Losses / Total Loans (median %)
|
0.14
|
0.06
|
0.11
|
0.16
|
0.12
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|
|
|
|
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.72
|
9.85
|
9.89
|
9.68
|
9.96
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|
Return on Assets (median %)
|
0.74
|
0.80
|
0.94
|
0.86
|
0.93
|
|
Pretax Return on Assets (median %)
|
1.02
|
1.09
|
1.29
|
1.20
|
1.38
|
|
Net Interest Margin (median %)
|
3.96
|
4.03
|
4.01
|
4.12
|
4.20
|
|
Yield on Earning Assets (median %)
|
5.70
|
5.79
|
6.31
|
6.31
|
7.04
|
|
Cost of Funding Earning Assets (median %)
|
1.76
|
1.92
|
2.40
|
2.41
|
2.84
|
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Provisions to Avg. Assets (median %)
|
0.18
|
0.14
|
0.10
|
0.15
|
0.12
|
|
Noninterest Income to Avg. Assets (median %)
|
0.66
|
0.58
|
0.67
|
0.65
|
0.63
|
|
Overhead to Avg. Assets (median %)
|
2.99
|
2.92
|
2.89
|
2.96
|
3.02
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|
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|
|
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Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
66.1
|
65.4
|
66.3
|
66.2
|
68.2
|
|
Noncore Funding to Assets (median %)
|
20.1
|
19.3
|
18.6
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19.7
|
19.4
|
|
Long-term Assets to Assets (median %, call filers)
|
32.0
|
30.8
|
28.0
|
29.2
|
26.3
|
|
Brokered Deposits (number of institutions)
|
26
|
25
|
20
|
23
|
19
|
|
Brokered Deposits to Assets (median % for those above)
|
2.1
|
2.6
|
2.5
|
2.3
|
2.6
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| |
|
|
|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
57.3
|
55.0
|
64.6
|
59.0
|
65.1
|
|
Commercial Real Estate
|
165.2
|
164.4
|
169.0
|
170.6
|
152.3
|
|
Construction & Development
|
29.3
|
29.7
|
30.3
|
31.6
|
22.3
|
|
Multifamily Residential Real Estate
|
6.7
|
6.4
|
5.8
|
6.2
|
5.3
|
|
Nonresidential Real Estate
|
115.0
|
115.2
|
120.4
|
125.6
|
116.2
|
|
Residential Real Estate
|
267.8
|
263.1
|
264.9
|
259.6
|
259.4
|
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Consumer
|
50.6
|
50.4
|
52.5
|
50.9
|
57.7
|
|
Agriculture
|
3.0
|
3.7
|
2.6
|
4.4
|
1.8
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BANKING PROFILE
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Largest Deposit Markets (from 2008 Summary of Deposits)
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Institutions in Market
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Deposits ($ millions)
|
|
Asset Distribution
|
Institutions
|
|
Washington-Arlington-Alexandria, DC-VA-MD-WV
|
102
|
160,372
|
|
< $100 million
|
16 (24.2% )
|
|
Charleston, WV
|
24
|
5,304
|
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$100 million to $250 million
|
33 (50% )
|
|
Huntington-Ashland, WV-KY-OH
|
25
|
3,902
|
|
$250 million to $1 billion
|
12 (18.2% )
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|
Hagerstown-Martinsburg, MD-WV
|
19
|
3,214
|
|
$1 billion to $10 billion
|
5 (7.6% )
|
|
Parkersburg-Marietta, WV-OH
|
23
|
2,733
|
|
> $10 billion
|
0 (0% )
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