Texas - First Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q1-08
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Q4-07
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Q1-07
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2007
|
2006
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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2.4%
|
2.6%
|
3.1%
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2.9%
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3.3%
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Manufacturing (9%)
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0.0%
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0.4%
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2.1%
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1.1%
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3.0%
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Other (non-manufacturing) Goods-Producing (8%)
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4.8%
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6.2%
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7.7%
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7.1%
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8.0%
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Private Service-Producing (66%)
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2.9%
|
3.0%
|
3.3%
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3.1%
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3.4%
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Government (17%)
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0.8%
|
0.6%
|
1.2%
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1.2%
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1.4%
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Unemployment Rate (% of labor force)
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4.2%
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4.2%
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4.5%
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4.3%
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4.9%
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Other Indicators
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Q1-08
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Q4-07
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Q1-07
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2007
|
2006
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|
Single-Family Home Permits
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-34.6%
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-31.6%
|
-22.7%
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-26.8%
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-2.4%
|
|
Multifamily Building Permits
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23.7%
|
5.0%
|
-15.3%
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6.4%
|
24.0%
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Home Price Index
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4.7%
|
5.5%
|
6.8%
|
6.4%
|
6.2%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.68
|
1.76
|
1.62
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1.69
|
1.48
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BANKING TRENDS
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General Information
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
652
|
659
|
642
|
659
|
650
|
|
Total Assets (in millions)
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345,750
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345,836
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259,354
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345,836
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255,944
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New Institutions (# < 3 years)
|
41
|
39
|
25
|
39
|
24
|
|
Subchapter S Institutions
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291
|
285
|
281
|
285
|
270
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|
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|
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Asset Quality
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Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.70
|
1.59
|
1.37
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1.59
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1.43
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ALLL/Total Loans (median %)
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1.12
|
1.12
|
1.16
|
1.12
|
1.17
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ALLL/Noncurrent Loans (median multiple)
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2.14
|
2.21
|
2.93
|
2.21
|
3.14
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Net Loan Losses / Total Loans (median %)
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0.03
|
0.10
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0.03
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0.09
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0.09
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Capital / Earnings
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Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
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Tier 1 Leverage (median %)
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9.60
|
9.63
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9.61
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9.63
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9.49
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Return on Assets (median %)
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1.09
|
1.06
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1.17
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1.16
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1.21
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Pretax Return on Assets (median %)
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1.31
|
1.30
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1.47
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1.43
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1.51
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Net Interest Margin (median %)
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4.18
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4.43
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4.42
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4.38
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4.54
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Yield on Earning Assets (median %)
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6.60
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7.12
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7.00
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7.06
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6.75
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Cost of Funding Earning Assets (median %)
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2.36
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2.61
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2.55
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2.58
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2.19
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Provisions to Avg. Assets (median %)
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0.10
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0.11
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0.07
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0.11
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0.10
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Noninterest Income to Avg. Assets (median %)
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0.75
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0.82
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0.80
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0.81
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0.85
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Overhead to Avg. Assets (median %)
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3.29
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3.42
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3.28
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3.32
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3.32
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Liquidity / Sensitivity
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Q1-08
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Q4-07
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Q1-07
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2007
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2006
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Loans to Assets (median %)
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56.8
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57.3
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55.6
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57.3
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55.7
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Noncore Funding to Assets (median %)
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21.5
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20.5
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19.7
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20.5
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18.9
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Long-term Assets to Assets (median %, call filers)
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16.3
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13.9
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12.9
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13.9
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12.2
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Brokered Deposits (number of institutions)
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150
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133
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118
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133
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116
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Brokered Deposits to Assets (median % for those above)
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4.2
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4.5
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3.4
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4.5
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3.0
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-08
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Q4-07
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Q1-07
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2007
|
2006
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Commercial and Industrial
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92.4
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92.1
|
87.8
|
92.1
|
88.7
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Commercial Real Estate
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175.2
|
172.6
|
162.2
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172.6
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162.0
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Construction & Development
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44.9
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42.1
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37.2
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42.1
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32.8
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Multifamily Residential Real Estate
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1.1
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1.1
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1.3
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1.1
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1.3
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Nonresidential Real Estate
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108.4
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109.1
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106.9
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109.1
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111.2
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Residential Real Estate
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93.5
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90.3
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91.4
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90.3
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94.9
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Consumer
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51.4
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52.2
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54.9
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52.2
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54.9
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Agriculture
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34.1
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32.9
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32.6
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32.9
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32.3
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BANKING PROFILE
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