New Mexico at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
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Q4-10
|
Q3-10
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Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.7%
|
-1.0%
|
-4.5%
|
-1.3%
|
-4.1%
|
|
Manufacturing (4%)
|
-1.0%
|
-1.3%
|
-13.7%
|
-3.5%
|
-14.5%
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|
Other (non-manufacturing) Goods-Producing (8%)
|
1.9%
|
-2.1%
|
-18.8%
|
-4.9%
|
-16.6%
|
|
Private Service-Producing (64%)
|
-1.3%
|
-1.0%
|
-3.5%
|
-1.3%
|
-3.3%
|
|
Government (25%)
|
0.2%
|
-0.7%
|
0.1%
|
0.2%
|
0.7%
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|
Unemployment Rate (% of labor force)
|
8.6%
|
8.5%
|
7.9%
|
8.4%
|
7.0%
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|
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Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-15.1%
|
-18.5%
|
19.8%
|
-1.2%
|
-17.5%
|
|
Multifamily Building Permits
|
97.9%
|
122.2%
|
-64.7%
|
9.7%
|
-43.2%
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|
Home Price Index
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-2.6%
|
-2.0%
|
-3.9%
|
-3.3%
|
-3.5%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.77
|
3.16
|
2.97
|
3.10
|
2.90
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BANKING TRENDS
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General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
53
|
53
|
54
|
53
|
54
|
|
Total Assets (in millions)
|
18,939
|
19,192
|
19,602
|
18,939
|
19,602
|
|
New Institutions (# < 3 years)
|
2
|
2
|
1
|
2
|
1
|
|
Subchapter S Institutions
|
30
|
30
|
29
|
30
|
29
|
| |
|
|
|
|
|
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Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.13
|
3.24
|
2.56
|
3.13
|
2.56
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|
Noncurrent Loans / Total Loans (median %)
|
2.03
|
2.46
|
1.60
|
2.03
|
1.60
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|
ALLL/Total Loans (median %)
|
1.64
|
1.63
|
1.53
|
1.64
|
1.53
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|
ALLL/Noncurrent Loans (median multiple)
|
0.93
|
0.81
|
0.85
|
0.93
|
0.85
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Net Loan Losses / Total Loans (median %)
|
0.30
|
0.22
|
0.31
|
0.28
|
0.40
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
9.49
|
9.47
|
9.05
|
9.49
|
9.05
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Return on Assets (median %)
|
0.98
|
1.24
|
0.86
|
1.13
|
1.05
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Pretax Return on Assets (median %)
|
1.07
|
1.33
|
1.04
|
1.17
|
1.12
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Net Interest Margin (median %)
|
4.12
|
4.24
|
4.15
|
4.20
|
4.35
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Yield on Earning Assets (median %)
|
5.07
|
5.31
|
5.46
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5.30
|
5.61
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Cost of Funding Earning Assets (median %)
|
0.85
|
0.93
|
1.10
|
0.94
|
1.23
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Provisions to Avg. Assets (median %)
|
0.22
|
0.18
|
0.23
|
0.29
|
0.36
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Noninterest Income to Avg. Assets (median %)
|
0.80
|
0.83
|
0.61
|
0.79
|
0.74
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Overhead to Avg. Assets (median %)
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3.33
|
3.17
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3.23
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3.29
|
3.14
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Liquidity / Sensitivity
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Q4-10
|
Q3-10
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Q4-09
|
2010
|
2009
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|
Net Loans to Assets (median %)
|
56.6
|
57.4
|
58.1
|
56.6
|
58.1
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Noncore Funding to Assets (median %)
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20.5
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20.8
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23.0
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20.5
|
23.0
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Long-term Assets to Assets (median %, call filers)
|
23.2
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22.2
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19.3
|
23.2
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19.3
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Brokered Deposits (number of institutions)
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16
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16
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16
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16
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16
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Brokered Deposits to Assets (median % for those above)
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3.6
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3.8
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5.3
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3.6
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5.3
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
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Commercial and Industrial
|
61.2
|
63.0
|
70.7
|
61.2
|
70.7
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Commercial Real Estate
|
222.7
|
234.2
|
241.1
|
222.7
|
241.1
|
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Construction & Development
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46.8
|
50.6
|
61.4
|
46.8
|
61.4
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Multifamily Residential Real Estate
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8.6
|
8.8
|
7.7
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8.6
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7.7
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Nonresidential Real Estate
|
152.7
|
154.1
|
169.6
|
152.7
|
169.6
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Residential Real Estate
|
107.4
|
116.9
|
120.0
|
107.4
|
120.0
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Consumer
|
20.3
|
21.3
|
21.7
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20.3
|
21.7
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Agriculture
|
15.6
|
17.0
|
12.8
|
15.6
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12.8
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BANKING PROFILE
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