West Virginia at a Glance
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.4%
|
-3.0%
|
0.2%
|
-2.4%
|
0.5%
|
|
Manufacturing (7%)
|
-10.8%
|
-12.1%
|
-4.6%
|
-10.3%
|
-4.2%
|
|
Other (non-manufacturing) Goods-Producing (9%)
|
-15.8%
|
-13.7%
|
7.8%
|
-9.0%
|
3.7%
|
|
Private Service-Producing (64%)
|
-1.9%
|
-1.8%
|
-0.8%
|
-1.8%
|
0.4%
|
|
Government (20%)
|
0.6%
|
1.8%
|
1.8%
|
1.9%
|
1.2%
|
|
Unemployment Rate (% of labor force)
|
8.9%
|
8.6%
|
4.9%
|
7.9%
|
4.3%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Single-Family Home Permits
|
4.1%
|
-9.3%
|
-51.7%
|
-28.9%
|
-35.4%
|
|
Multifamily Building Permits
|
-83.3%
|
-32.4%
|
-88.9%
|
-61.6%
|
-5.2%
|
|
Home Price Index
|
-1.8%
|
-1.3%
|
-0.5%
|
-1.2%
|
1.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.57
|
3.56
|
2.90
|
3.55
|
2.83
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Institutions (#)
|
65
|
65
|
66
|
65
|
66
|
|
Total Assets (in millions)
|
25,333
|
25,646
|
24,992
|
25,333
|
24,992
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
Subchapter S Institutions
|
6
|
6
|
5
|
6
|
5
|
| |
|
|
|
|
|
|
Asset Quality
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.50
|
3.38
|
3.03
|
3.50
|
3.03
|
|
Noncurrent Loans / Total Loans (median %)
|
1.20
|
1.27
|
0.80
|
1.20
|
0.80
|
|
ALLL/Total Loans (median %)
|
1.23
|
1.12
|
1.14
|
1.23
|
1.14
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.80
|
0.81
|
1.03
|
0.80
|
1.03
|
|
Net Loan Losses / Total Loans (median %)
|
0.31
|
0.28
|
0.21
|
0.26
|
0.16
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Tier 1 Leverage (median %)
|
9.68
|
9.98
|
9.68
|
9.68
|
9.68
|
|
Return on Assets (median %)
|
0.63
|
0.77
|
0.87
|
0.73
|
0.86
|
|
Pretax Return on Assets (median %)
|
0.86
|
0.99
|
1.14
|
0.99
|
1.20
|
|
Net Interest Margin (median %)
|
4.08
|
4.04
|
4.19
|
4.04
|
4.12
|
|
Yield on Earning Assets (median %)
|
5.60
|
5.65
|
6.11
|
5.68
|
6.31
|
|
Cost of Funding Earning Assets (median %)
|
1.54
|
1.65
|
2.16
|
1.74
|
2.41
|
|
Provisions to Avg. Assets (median %)
|
0.28
|
0.19
|
0.15
|
0.24
|
0.15
|
|
Noninterest Income to Avg. Assets (median %)
|
0.68
|
0.67
|
0.65
|
0.66
|
0.65
|
|
Overhead to Avg. Assets (median %)
|
3.13
|
2.94
|
3.00
|
3.04
|
2.96
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Net Loans to Assets (median %)
|
66.8
|
65.6
|
66.2
|
66.8
|
66.2
|
|
Noncore Funding to Assets (median %)
|
19.8
|
20.5
|
19.7
|
19.8
|
19.7
|
|
Long-term Assets to Assets (median %, call filers)
|
31.6
|
31.3
|
29.2
|
31.6
|
29.2
|
|
Brokered Deposits (number of institutions)
|
22
|
25
|
23
|
22
|
23
|
|
Brokered Deposits to Assets (median % for those above)
|
3.1
|
2.4
|
2.3
|
3.1
|
2.3
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Commercial and Industrial
|
54.0
|
49.8
|
59.0
|
54.0
|
59.0
|
|
Commercial Real Estate
|
167.6
|
173.9
|
170.6
|
167.6
|
170.6
|
|
Construction & Development
|
28.4
|
29.4
|
31.6
|
28.4
|
31.6
|
|
Multifamily Residential Real Estate
|
7.3
|
7.4
|
6.2
|
7.3
|
6.2
|
|
Nonresidential Real Estate
|
124.5
|
120.8
|
125.6
|
124.5
|
125.6
|
|
Residential Real Estate
|
274.2
|
279.9
|
259.6
|
274.2
|
259.6
|
|
Consumer
|
50.1
|
50.0
|
50.9
|
50.1
|
50.9
|
|
Agriculture
|
3.5
|
3.3
|
4.4
|
3.5
|
4.4
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
|
Largest Deposit Markets (from 2009 Summary of Deposits)
|
Institutions in Market
|
Deposits ($ millions)
|
|
Asset Distribution
|
Institutions
|
|
Washington-Arlington-Alexandria, DC-VA-MD-WV
|
101
|
165,358
|
|
< $100 million
|
15 (23.1% )
|
|
Charleston, WV
|
23
|
5,582
|
|
$100 million to $250 million
|
32 (49.2% )
|
|
Huntington-Ashland, WV-KY-OH
|
25
|
4,223
|
|
$250 million to $1 billion
|
13 (20% )
|
|
Hagerstown-Martinsburg, MD-WV
|
20
|
3,228
|
|
$1 billion to $10 billion
|
5 (7.7% )
|
|
Parkersburg-Marietta, WV-OH
|
23
|
2,802
|
|
> $10 billion
|
0 (0% )
|
| |
|
|
|
|
|
