Kentucky 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
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Q1-09
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Q2-08
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2008
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2007
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Total Nonfarm (share of trailing four quarter employment in parentheses)
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-4.3%
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-3.3%
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-0.4%
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-0.7%
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1.1%
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Manufacturing (12%)
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-15.4%
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-13.6%
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-3.4%
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-4.2%
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-1.9%
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Other (non-manufacturing) Goods-Producing (6%)
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-12.5%
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-7.7%
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1.3%
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0.4%
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1.3%
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Private Service-Producing (64%)
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-2.1%
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-1.2%
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0.1%
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-0.1%
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1.6%
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Government (18%)
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-1.2%
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-1.3%
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-0.1%
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-0.2%
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1.6%
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Unemployment Rate (% of labor force)
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10.5%
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9.3%
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6.2%
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6.5%
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5.5%
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Other Indicators
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Single-Family Home Permits
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-27.1%
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-41.9%
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-39.0%
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-40.8%
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-18.1%
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Multifamily Building Permits
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-79.2%
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-21.2%
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64.3%
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20.7%
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19.5%
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Home Price Index
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-0.6%
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0.7%
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2.5%
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1.7%
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3.0%
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Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
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5.84
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5.63
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4.83
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4.91
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3.98
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BANKING TRENDS
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General Information
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Institutions (#)
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199
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199
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204
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198
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206
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Total Assets (in millions)
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51,002
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50,923
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48,776
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50,964
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48,169
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New Institutions (# < 3 years)
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2
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2
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4
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3
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4
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Subchapter S Institutions
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62
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62
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59
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58
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54
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Asset Quality
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
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3.28
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3.17
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2.64
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3.00
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2.49
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Noncurrent Loans / Total Loans (median %)
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1.33
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1.31
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1.04
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1.06
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0.74
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ALLL/Total Loans (median %)
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1.30
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1.27
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1.22
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1.23
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1.22
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ALLL/Noncurrent Loans (median multiple)
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0.85
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0.93
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1.01
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1.05
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1.39
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Net Loan Losses / Total Loans (median %)
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0.20
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0.13
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0.12
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0.23
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0.17
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Capital / Earnings
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Tier 1 Leverage (median %)
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9.96
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10.02
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10.06
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10.08
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10.09
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Return on Assets (median %)
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0.76
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0.83
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0.96
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0.84
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0.99
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Pretax Return on Assets (median %)
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0.98
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1.00
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1.22
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1.04
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1.30
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Net Interest Margin (median %)
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3.76
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3.73
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3.88
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3.87
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3.92
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Yield on Earning Assets (median %)
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5.78
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5.89
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6.45
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6.45
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7.11
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Cost of Funding Earning Assets (median %)
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2.03
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2.12
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2.64
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2.59
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3.20
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Provisions to Avg. Assets (median %)
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0.18
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0.18
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0.12
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0.20
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0.13
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Noninterest Income to Avg. Assets (median %)
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0.70
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0.66
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0.72
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0.72
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0.75
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Overhead to Avg. Assets (median %)
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3.11
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2.97
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2.94
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3.00
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3.01
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Liquidity / Sensitivity
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Net Loans to Assets (median %)
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67.4
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66.2
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67.2
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68.2
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65.9
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Noncore Funding to Assets (median %)
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26.3
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26.1
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26.4
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27.2
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24.8
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Long-term Assets to Assets (median %, call filers)
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24.8
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24.2
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23.4
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24.7
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21.3
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Brokered Deposits (number of institutions)
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61
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61
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57
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60
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57
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Brokered Deposits to Assets (median % for those above)
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3.8
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4.3
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3.2
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3.9
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3.1
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Commercial and Industrial
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46.6
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46.2
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49.5
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46.4
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47.9
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Commercial Real Estate
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202.8
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198.2
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183.8
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198.6
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184.0
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Construction & Development
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28.3
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31.2
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36.3
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34.3
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31.3
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Multifamily Residential Real Estate
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7.4
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7.0
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5.4
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7.1
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4.7
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Nonresidential Real Estate
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140.6
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136.1
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119.4
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132.9
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117.6
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Residential Real Estate
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252.2
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248.3
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247.3
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250.2
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237.9
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Consumer
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36.7
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37.0
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40.3
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38.6
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42.5
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Agriculture
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39.6
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39.0
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39.9
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40.8
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38.5
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BANKING PROFILE
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