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