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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Q1-09
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Q4-08
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-1.7%
|
-0.3%
|
0.8%
|
0.4%
|
0.3%
|
|
Manufacturing (7%)
|
-7.0%
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-5.4%
|
-3.7%
|
-4.5%
|
-3.3%
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|
Other (non-manufacturing) Goods-Producing (9%)
|
0.8%
|
3.1%
|
-0.2%
|
2.4%
|
0.2%
|
|
Private Service-Producing (64%)
|
-2.0%
|
-0.7%
|
1.6%
|
0.5%
|
0.7%
|
|
Government (19%)
|
0.1%
|
1.4%
|
0.5%
|
1.0%
|
0.4%
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Unemployment Rate (% of labor force)
|
6.0%
|
4.4%
|
4.2%
|
4.3%
|
4.3%
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|
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|
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Other Indicators
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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|
Single-Family Home Permits
|
-52.2%
|
-51.7%
|
-20.0%
|
-35.4%
|
-22.2%
|
|
Multifamily Building Permits
|
-72.8%
|
-88.9%
|
300.0%
|
-5.2%
|
217.5%
|
|
Home Price Index
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-0.2%
|
0.1%
|
2.5%
|
1.5%
|
3.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.53
|
2.90
|
2.58
|
2.83
|
2.40
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
66
|
66
|
68
|
66
|
68
|
|
Total Assets (in millions)
|
25,798
|
24,992
|
23,259
|
24,992
|
23,010
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|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
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Subchapter S Institutions
|
6
|
5
|
5
|
5
|
5
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|
|
|
|
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Asset Quality
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Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.91
|
3.03
|
2.59
|
3.03
|
2.40
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|
ALLL/Total Loans (median %)
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1.14
|
1.14
|
1.10
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1.14
|
1.10
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ALLL/Noncurrent Loans (median multiple)
|
1.00
|
1.03
|
1.29
|
1.03
|
1.33
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Net Loan Losses / Total Loans (median %)
|
0.06
|
0.21
|
0.04
|
0.16
|
0.12
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
9.85
|
9.68
|
10.03
|
9.68
|
9.96
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Return on Assets (median %)
|
0.80
|
0.88
|
0.97
|
0.86
|
0.93
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Pretax Return on Assets (median %)
|
1.09
|
1.16
|
1.34
|
1.20
|
1.38
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Net Interest Margin (median %)
|
4.03
|
4.19
|
4.05
|
4.12
|
4.20
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Yield on Earning Assets (median %)
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5.79
|
6.11
|
6.62
|
6.31
|
7.04
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Cost of Funding Earning Assets (median %)
|
1.92
|
2.16
|
2.75
|
2.41
|
2.84
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Provisions to Avg. Assets (median %)
|
0.14
|
0.15
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0.09
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0.15
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0.12
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Noninterest Income to Avg. Assets (median %)
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0.58
|
0.65
|
0.62
|
0.65
|
0.63
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Overhead to Avg. Assets (median %)
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2.92
|
3.00
|
2.96
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2.96
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3.02
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Liquidity / Sensitivity
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Q1-09
|
Q4-08
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Q1-08
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2008
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2007
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|
Loans to Assets (median %)
|
66.1
|
66.7
|
68.0
|
66.7
|
68.9
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Noncore Funding to Assets (median %)
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19.3
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19.7
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19.0
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19.7
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19.4
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Long-term Assets to Assets (median %, call filers)
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30.8
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29.2
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27.9
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29.2
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26.3
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Brokered Deposits (number of institutions)
|
25
|
23
|
21
|
23
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19
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Brokered Deposits to Assets (median % for those above)
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2.6
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2.3
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2.2
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2.3
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2.6
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
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Commercial and Industrial
|
59.2
|
63.8
|
68.5
|
63.8
|
70.4
|
|
Commercial Real Estate
|
174.3
|
182.4
|
168.1
|
182.4
|
163.8
|
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Construction & Development
|
32.4
|
34.2
|
26.9
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34.2
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24.1
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Multifamily Residential Real Estate
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6.9
|
6.7
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6.3
|
6.7
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5.6
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Nonresidential Real Estate
|
128.4
|
133.0
|
125.0
|
133.0
|
123.8
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Residential Real Estate
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284.3
|
281.0
|
277.7
|
281.0
|
277.3
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Consumer
|
54.4
|
54.6
|
55.4
|
54.6
|
61.1
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Agriculture
|
3.9
|
4.5
|
1.9
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4.5
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2.0
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BANKING PROFILE
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