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FDIC State Profiles
 

Tennessee at a Glance

ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates Q1-09 Q4-08 Q1-08 2008 2007
Total Nonfarm (share of trailing four quarter employment in parentheses) -3.9% -2.3% 0.5% -0.8% 0.5%
  Manufacturing (13%) -10.6% -6.5% -4.6% -4.8% -4.9%
  Other (non-manufacturing) Goods-Producing (5%) -15.5% -8.0% 1.1% -3.3% 2.6%
  Private Service-Producing (67%) -2.7% -1.8% 1.3% -0.2% 1.4%
  Government (16%) 0.4% 0.7% 1.7% 1.1% 1.0%
Unemployment Rate (% of labor force) 9.1% 7.2% 5.5% 6.4% 4.9%
           
Other Indicators Q1-09 Q4-08 Q1-08 2008 2007
Single-Family Home Permits -42.2% -56.2% -45.8% -45.6% -24.8%
Multifamily Building Permits -54.8% -40.8% -9.9% -29.4% 1.7%
Home Price Index 0.1% 1.1% 3.7% 2.0% 5.4%
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level) 8.41 8.19 6.72 7.50 6.35
           
BANKING TRENDS
General Information Q1-09 Q4-08 Q1-08 2008 2007
Institutions (#) 197 198 200 198 203
Total Assets (in millions) 100,313 98,656 96,187 98,656 94,343
New Institutions (# < 3 years) 9 11 15 11 17
Subchapter S Institutions 43 43 44 43 43
           
Asset Quality Q1-09 Q4-08 Q1-08 2008 2007
Past-Due and Nonaccrual Loans / Total Loans (median %) 3.37 2.90 2.37 2.90 2.05
ALLL/Total Loans (median %) 1.28 1.27 1.16 1.27 1.18
ALLL/Noncurrent Loans (median multiple) 0.84 1.09 1.56 1.09 1.99
Net Loan Losses / Total Loans (median %) 0.24 0.41 0.08 0.28 0.16
           
Capital / Earnings Q1-09 Q4-08 Q1-08 2008 2007
Tier 1 Leverage (median %) 9.69 9.78 9.80 9.78 9.81
Return on Assets (median %) 0.57 0.29 0.80 0.56 0.83
Pretax Return on Assets (median %) 0.77 0.28 1.08 0.69 1.13
Net Interest Margin (median %) 3.70 3.77 3.79 3.81 3.94
Yield on Earning Assets (median %) 5.90 6.29 6.90 6.56 7.37
Cost of Funding Earning Assets (median %) 2.25 2.52 3.19 2.81 3.40
Provisions to Avg. Assets (median %) 0.28 0.53 0.16 0.35 0.16
Noninterest Income to Avg. Assets (median %) 0.63 0.68 0.72 0.70 0.74
Overhead to Avg. Assets (median %) 3.04 3.19 3.08 3.13 3.11
           
Liquidity / Sensitivity Q1-09 Q4-08 Q1-08 2008 2007
Loans to Assets (median %) 72.3 72.8 70.9 72.8 70.4
Noncore Funding to Assets (median %) 30.4 31.2 28.5 31.2 28.1
Long-term Assets to Assets (median %, call filers) 17.7 18.2 17.5 18.2 15.4
Brokered Deposits (number of institutions) 101 100 74 100 78
  Brokered Deposits to Assets (median % for those above) 6.1 6.8 4.6 6.8 4.6
           
Loan Concentrations (median % of Tier 1 Capital) Q1-09 Q4-08 Q1-08 2008 2007
Commercial and Industrial 73.7 77.4 77.6 77.4 78.2
Commercial Real Estate 315.0 322.2 305.1 322.2 292.2
  Construction & Development 104.7 103.2 101.8 103.2 98.1
  Multifamily Residential Real Estate 6.6 6.1 4.9 6.1 4.1
  Nonresidential Real Estate 168.2 168.3 153.5 168.3 147.8
Residential Real Estate 241.7 232.2 211.2 232.2 208.1
Consumer 39.1 39.6 46.0 39.6 48.3
Agriculture 15.5 17.4 16.7 17.4 17.8
           
BANKING PROFILE
Largest Deposit Markets (from 2008 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Nashville-Davidson--Murfreesboro, TN 59 31,440   < $250 million 129 (65.5% )
Memphis, TN-MS-AR 58 21,391   $250 million to $1 billion 58 (29.4% )
Knoxville, TN 43 11,113   $1 billion to $10 billion 9 (4.6% )
Chattanooga, TN-GA 28 7,643   > $10 billion 1 (0.5% )
Kingsport-Bristol-Bristol, TN-VA 28 4,391  
           
 
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