Tennessee at a Glance
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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%
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| |
|
|
|
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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
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BANKING TRENDS
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|
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
|
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|
|
|
|
|
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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
|
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|
|
|
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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
|
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Provisions to Avg. Assets (median %)
|
0.28
|
0.53
|
0.16
|
0.35
|
0.16
|
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Noninterest Income to Avg. Assets (median %)
|
0.63
|
0.68
|
0.72
|
0.70
|
0.74
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Overhead to Avg. Assets (median %)
|
3.04
|
3.19
|
3.08
|
3.13
|
3.11
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|
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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
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|
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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
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|
Nonresidential Real Estate
|
168.2
|
168.3
|
153.5
|
168.3
|
147.8
|
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Residential Real Estate
|
241.7
|
232.2
|
211.2
|
232.2
|
208.1
|
|
Consumer
|
39.1
|
39.6
|
46.0
|
39.6
|
48.3
|
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Agriculture
|
15.5
|
17.4
|
16.7
|
17.4
|
17.8
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BANKING PROFILE
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