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