New Mexico 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)
|
-2.6%
|
-1.6%
|
0.7%
|
0.4%
|
1.4%
|
|
Manufacturing (4%)
|
-10.4%
|
-7.0%
|
-4.4%
|
-4.7%
|
-1.9%
|
|
Other (non-manufacturing) Goods-Producing (9%)
|
-13.5%
|
-9.1%
|
0.7%
|
-0.7%
|
1.2%
|
|
Private Service-Producing (63%)
|
-2.0%
|
-1.2%
|
0.7%
|
0.5%
|
2.7%
|
|
Government (24%)
|
1.4%
|
1.1%
|
1.6%
|
1.4%
|
-1.4%
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Unemployment Rate (% of labor force)
|
6.4%
|
5.5%
|
4.0%
|
4.2%
|
3.6%
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| |
|
|
|
|
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Other Indicators
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-27.7%
|
-43.2%
|
-43.1%
|
-40.5%
|
-27.4%
|
|
Multifamily Building Permits
|
-79.4%
|
-12.8%
|
-27.9%
|
4.5%
|
-25.3%
|
|
Home Price Index
|
-3.6%
|
-2.8%
|
0.9%
|
0.0%
|
7.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.84
|
2.63
|
2.33
|
2.20
|
1.66
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
54
|
54
|
54
|
54
|
53
|
|
Total Assets (in millions)
|
19,692
|
20,459
|
19,448
|
19,417
|
18,732
|
|
New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
0
|
|
Subchapter S Institutions
|
29
|
29
|
28
|
29
|
28
|
| |
|
|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.85
|
2.54
|
1.78
|
2.03
|
1.33
|
|
Noncurrent Loans / Total Loans (median %)
|
0.97
|
1.08
|
0.59
|
0.76
|
0.39
|
|
ALLL/Total Loans (median %)
|
1.44
|
1.39
|
1.38
|
1.35
|
1.30
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|
ALLL/Noncurrent Loans (median multiple)
|
1.24
|
1.11
|
1.73
|
1.24
|
2.93
|
|
Net Loan Losses / Total Loans (median %)
|
0.17
|
0.06
|
0.06
|
0.11
|
0.07
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|
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
8.63
|
8.72
|
8.63
|
8.65
|
8.38
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Return on Assets (median %)
|
1.29
|
1.19
|
1.30
|
1.21
|
1.18
|
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Pretax Return on Assets (median %)
|
1.31
|
1.38
|
1.57
|
1.47
|
1.51
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Net Interest Margin (median %)
|
4.40
|
4.41
|
4.42
|
4.47
|
4.82
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Yield on Earning Assets (median %)
|
5.73
|
5.80
|
6.46
|
6.44
|
7.41
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Cost of Funding Earning Assets (median %)
|
1.29
|
1.41
|
1.94
|
1.91
|
2.55
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Provisions to Avg. Assets (median %)
|
0.22
|
0.13
|
0.10
|
0.16
|
0.08
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|
Noninterest Income to Avg. Assets (median %)
|
0.78
|
0.72
|
0.77
|
0.71
|
0.73
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Overhead to Avg. Assets (median %)
|
3.26
|
3.08
|
3.23
|
3.23
|
3.26
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Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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|
Net Loans to Assets (median %)
|
60.9
|
63.0
|
63.3
|
64.2
|
63.9
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|
Noncore Funding to Assets (median %)
|
24.6
|
25.3
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22.9
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24.3
|
20.2
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|
Long-term Assets to Assets (median %, call filers)
|
22.1
|
21.8
|
20.1
|
19.3
|
18.0
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Brokered Deposits (number of institutions)
|
17
|
15
|
12
|
15
|
11
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Brokered Deposits to Assets (median % for those above)
|
6.0
|
6.7
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5.4
|
7.0
|
3.4
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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Commercial and Industrial
|
77.3
|
81.3
|
88.9
|
84.9
|
91.2
|
|
Commercial Real Estate
|
249.9
|
251.4
|
265.0
|
254.3
|
289.2
|
|
Construction & Development
|
68.2
|
73.0
|
79.9
|
67.5
|
84.8
|
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Multifamily Residential Real Estate
|
10.1
|
10.2
|
5.9
|
9.0
|
7.5
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Nonresidential Real Estate
|
158.6
|
152.4
|
151.0
|
161.9
|
157.0
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Residential Real Estate
|
130.9
|
120.7
|
98.8
|
115.6
|
103.3
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Consumer
|
27.1
|
25.8
|
25.4
|
27.0
|
26.6
|
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Agriculture
|
13.0
|
11.7
|
10.1
|
9.6
|
9.8
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BANKING PROFILE
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