Colorado - Second Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
1.5%
|
2.0%
|
2.3%
|
2.2%
|
2.4%
|
|
Manufacturing (6%)
|
-2.3%
|
-1.6%
|
-2.1%
|
-1.8%
|
-0.9%
|
|
Other (non-manufacturing) Goods-Producing (8%)
|
-0.3%
|
1.8%
|
2.4%
|
1.8%
|
6.6%
|
|
Private Service-Producing (69%)
|
1.8%
|
2.2%
|
2.8%
|
2.7%
|
2.5%
|
|
Government (16%)
|
2.4%
|
2.7%
|
1.9%
|
2.1%
|
1.3%
|
|
Unemployment Rate (% of labor force)
|
4.8%
|
4.3%
|
3.7%
|
3.8%
|
4.3%
|
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|
|
|
|
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Other Indicators
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-43.0%
|
-42.4%
|
-25.4%
|
-31.5%
|
-23.0%
|
|
Multifamily Building Permits
|
-19.0%
|
16.5%
|
2.9%
|
10.3%
|
71.3%
|
|
Home Price Index
|
1.8%
|
2.2%
|
2.9%
|
2.5%
|
3.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.12
|
3.33
|
3.18
|
3.05
|
2.00
|
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|
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BANKING TRENDS
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|
General Information
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Institutions (#)
|
156
|
156
|
164
|
159
|
164
|
|
Total Assets (in millions)
|
53,953
|
52,647
|
49,299
|
50,951
|
47,169
|
|
New Institutions (# < 3 years)
|
6
|
7
|
7
|
6
|
6
|
|
Subchapter S Institutions
|
44
|
44
|
46
|
43
|
42
|
| |
|
|
|
|
|
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Asset Quality
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.78
|
2.08
|
1.25
|
1.54
|
1.38
|
|
ALLL/Total Loans (median %)
|
1.17
|
1.14
|
1.08
|
1.10
|
1.11
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.05
|
1.16
|
1.77
|
1.23
|
2.13
|
|
Net Loan Losses / Total Loans (median %)
|
0.05
|
0.03
|
0.02
|
0.06
|
0.07
|
| |
|
|
|
|
|
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Capital / Earnings
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.08
|
9.01
|
9.02
|
8.77
|
8.92
|
|
Return on Assets (median %)
|
0.96
|
0.90
|
1.15
|
1.05
|
1.17
|
|
Pretax Return on Assets (median %)
|
1.26
|
1.16
|
1.48
|
1.34
|
1.51
|
|
Net Interest Margin (median %)
|
4.11
|
3.95
|
4.30
|
4.28
|
4.37
|
|
Yield on Earning Assets (median %)
|
6.42
|
6.87
|
7.44
|
7.35
|
7.07
|
|
Cost of Funding Earning Assets (median %)
|
2.09
|
2.59
|
2.99
|
3.00
|
2.64
|
|
Provisions to Avg. Assets (median %)
|
0.17
|
0.16
|
0.11
|
0.13
|
0.11
|
|
Noninterest Income to Avg. Assets (median %)
|
0.67
|
0.72
|
0.72
|
0.77
|
0.75
|
|
Overhead to Avg. Assets (median %)
|
3.13
|
3.12
|
3.25
|
3.24
|
3.26
|
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|
|
|
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Liquidity / Sensitivity
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
65.9
|
64.8
|
65.0
|
63.2
|
63.8
|
|
Noncore Funding to Assets (median %)
|
20.9
|
19.4
|
17.1
|
19.1
|
17.4
|
|
Long-term Assets to Assets (median %, call filers)
|
15.9
|
15.0
|
12.0
|
13.1
|
11.0
|
|
Brokered Deposits (number of institutions)
|
61
|
66
|
58
|
66
|
53
|
|
Brokered Deposits to Assets (median % for those above)
|
4.7
|
4.4
|
6.0
|
5.1
|
5.0
|
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|
|
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Commercial and Industrial
|
67.0
|
60.7
|
63.4
|
64.3
|
63.6
|
|
Commercial Real Estate
|
309.1
|
309.2
|
300.0
|
311.2
|
282.1
|
|
Construction & Development
|
90.3
|
92.4
|
88.5
|
102.0
|
89.2
|
|
Multifamily Residential Real Estate
|
8.4
|
7.1
|
6.5
|
6.0
|
5.4
|
|
Nonresidential Real Estate
|
177.1
|
168.6
|
156.9
|
162.7
|
144.6
|
|
Residential Real Estate
|
144.6
|
137.0
|
130.8
|
132.7
|
132.7
|
|
Consumer
|
14.2
|
15.8
|
15.0
|
16.1
|
16.4
|
|
Agriculture
|
9.0
|
10.3
|
7.6
|
9.1
|
6.1
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BANKING PROFILE
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