Tennessee at a Glance
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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)
|
-4.6%
|
-3.9%
|
0.0%
|
-0.8%
|
0.5%
|
|
Manufacturing (13%)
|
-12.6%
|
-10.6%
|
-3.7%
|
-4.8%
|
-4.9%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
-19.4%
|
-15.5%
|
-1.5%
|
-3.3%
|
2.6%
|
|
Private Service-Producing (67%)
|
-3.3%
|
-2.7%
|
0.5%
|
-0.2%
|
1.4%
|
|
Government (16%)
|
1.1%
|
0.4%
|
1.7%
|
1.1%
|
1.0%
|
|
Unemployment Rate (% of labor force)
|
10.5%
|
9.1%
|
6.2%
|
6.4%
|
4.9%
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| |
|
|
|
|
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Other Indicators
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-35.7%
|
-42.2%
|
-40.3%
|
-45.6%
|
-24.8%
|
|
Multifamily Building Permits
|
35.4%
|
-54.8%
|
-59.5%
|
-29.4%
|
1.7%
|
|
Home Price Index
|
-0.5%
|
0.2%
|
2.0%
|
1.8%
|
5.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
8.30
|
8.41
|
7.10
|
7.50
|
6.35
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
197
|
197
|
200
|
198
|
203
|
|
Total Assets (in millions)
|
97,491
|
100,306
|
101,516
|
98,652
|
94,343
|
|
New Institutions (# < 3 years)
|
7
|
9
|
14
|
11
|
17
|
|
Subchapter S Institutions
|
43
|
43
|
43
|
43
|
43
|
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|
|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.52
|
3.37
|
2.09
|
2.90
|
2.05
|
|
Noncurrent Loans / Total Loans (median %)
|
1.44
|
1.40
|
0.71
|
1.10
|
0.53
|
|
ALLL/Total Loans (median %)
|
1.29
|
1.27
|
1.18
|
1.27
|
1.18
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.85
|
0.84
|
1.47
|
1.09
|
1.99
|
|
Net Loan Losses / Total Loans (median %)
|
0.30
|
0.24
|
0.13
|
0.28
|
0.16
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|
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.55
|
9.69
|
9.76
|
9.78
|
9.81
|
|
Return on Assets (median %)
|
0.35
|
0.57
|
0.75
|
0.56
|
0.83
|
|
Pretax Return on Assets (median %)
|
0.54
|
0.75
|
1.02
|
0.67
|
1.13
|
|
Net Interest Margin (median %)
|
3.71
|
3.70
|
3.82
|
3.81
|
3.94
|
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Yield on Earning Assets (median %)
|
5.84
|
5.90
|
6.59
|
6.56
|
7.37
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Cost of Funding Earning Assets (median %)
|
2.15
|
2.25
|
2.81
|
2.81
|
3.40
|
|
Provisions to Avg. Assets (median %)
|
0.33
|
0.28
|
0.19
|
0.35
|
0.16
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Noninterest Income to Avg. Assets (median %)
|
0.61
|
0.63
|
0.73
|
0.70
|
0.74
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Overhead to Avg. Assets (median %)
|
3.20
|
3.04
|
3.06
|
3.13
|
3.11
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Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
71.0
|
71.5
|
71.0
|
72.0
|
69.6
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|
Noncore Funding to Assets (median %)
|
30.8
|
30.4
|
29.7
|
31.2
|
28.1
|
|
Long-term Assets to Assets (median %, call filers)
|
17.9
|
17.7
|
18.2
|
18.2
|
15.4
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Brokered Deposits (number of institutions)
|
100
|
102
|
78
|
100
|
78
|
|
Brokered Deposits to Assets (median % for those above)
|
6.3
|
6.3
|
4.3
|
6.8
|
4.6
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|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
66.2
|
67.5
|
70.1
|
71.3
|
73.3
|
|
Commercial Real Estate
|
284.1
|
284.2
|
292.0
|
298.6
|
268.0
|
|
Construction & Development
|
88.8
|
95.6
|
99.3
|
96.2
|
93.1
|
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Multifamily Residential Real Estate
|
6.4
|
6.2
|
4.9
|
5.8
|
3.8
|
|
Nonresidential Real Estate
|
158.7
|
156.1
|
145.8
|
153.8
|
136.4
|
|
Residential Real Estate
|
226.1
|
222.5
|
200.6
|
214.4
|
193.5
|
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Consumer
|
36.6
|
37.1
|
41.3
|
36.8
|
44.2
|
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Agriculture
|
16.0
|
14.0
|
16.2
|
16.3
|
16.7
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BANKING PROFILE
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