Connecticut 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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Q4-09
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Q3-09
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Q4-08
|
2009
|
2008
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.1%
|
-4.8%
|
-1.3%
|
-4.2%
|
0.0%
|
|
Manufacturing (11%)
|
-8.6%
|
-10.0%
|
-2.6%
|
-8.3%
|
-1.8%
|
|
Other (non-manufacturing) Goods-Producing (3%)
|
-13.2%
|
-17.0%
|
-10.1%
|
-16.1%
|
-4.7%
|
|
Private Service-Producing (71%)
|
-3.4%
|
-3.8%
|
-1.0%
|
-3.5%
|
0.4%
|
|
Government (15%)
|
-2.3%
|
-2.4%
|
0.3%
|
-1.6%
|
1.3%
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Unemployment Rate (% of labor force)
|
8.7%
|
8.6%
|
6.4%
|
8.2%
|
5.6%
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|
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Other Indicators
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Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Single-Family Home Permits
|
6.8%
|
-33.6%
|
-54.7%
|
-34.0%
|
-41.8%
|
|
Multifamily Building Permits
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-56.0%
|
5.6%
|
66.8%
|
-43.2%
|
6.4%
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|
Home Price Index
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-4.7%
|
-4.6%
|
-4.8%
|
-4.7%
|
-3.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.93
|
2.91
|
2.24
|
2.81
|
2.24
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BANKING TRENDS
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General Information
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Institutions (#)
|
55
|
55
|
58
|
55
|
58
|
|
Total Assets (in millions)
|
77,553
|
75,616
|
74,473
|
77,553
|
74,473
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New Institutions (# < 3 years)
|
3
|
4
|
5
|
3
|
5
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Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
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|
|
|
|
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Asset Quality
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.25
|
2.61
|
2.08
|
3.25
|
2.08
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|
Noncurrent Loans / Total Loans (median %)
|
1.53
|
1.38
|
1.07
|
1.53
|
1.07
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ALLL/Total Loans (median %)
|
1.14
|
1.07
|
1.01
|
1.14
|
1.01
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|
ALLL/Noncurrent Loans (median multiple)
|
0.67
|
0.79
|
0.93
|
0.67
|
0.93
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Net Loan Losses / Total Loans (median %)
|
0.21
|
0.08
|
0.08
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0.19
|
0.06
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Capital / Earnings
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
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|
Tier 1 Leverage (median %)
|
9.33
|
9.33
|
9.38
|
9.33
|
9.38
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Return on Assets (median %)
|
0.30
|
0.35
|
0.41
|
0.28
|
0.22
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Pretax Return on Assets (median %)
|
0.36
|
0.44
|
0.34
|
0.38
|
0.26
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Net Interest Margin (median %)
|
3.45
|
3.38
|
3.40
|
3.33
|
3.38
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Yield on Earning Assets (median %)
|
5.17
|
5.13
|
5.74
|
5.25
|
5.89
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Cost of Funding Earning Assets (median %)
|
1.58
|
1.80
|
2.25
|
1.81
|
2.41
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Provisions to Avg. Assets (median %)
|
0.30
|
0.22
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0.32
|
0.31
|
0.18
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Noninterest Income to Avg. Assets (median %)
|
0.49
|
0.46
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0.43
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0.56
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0.53
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Overhead to Avg. Assets (median %)
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3.14
|
3.11
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3.06
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3.14
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2.92
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Liquidity / Sensitivity
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Q4-09
|
Q3-09
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Q4-08
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2009
|
2008
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Net Loans to Assets (median %)
|
69.9
|
70.5
|
73.1
|
69.9
|
73.1
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Noncore Funding to Assets (median %)
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25.8
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26.4
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29.4
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25.8
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29.4
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Long-term Assets to Assets (median %, call filers)
|
39.1
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41.4
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40.1
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39.1
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40.1
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Brokered Deposits (number of institutions)
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34
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34
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31
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34
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31
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Brokered Deposits to Assets (median % for those above)
|
2.2
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2.6
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3.3
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2.2
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3.3
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
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Commercial and Industrial
|
50.6
|
52.5
|
51.2
|
50.6
|
51.2
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Commercial Real Estate
|
226.9
|
225.9
|
216.9
|
226.9
|
216.9
|
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Construction & Development
|
44.2
|
39.7
|
38.4
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44.2
|
38.4
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Multifamily Residential Real Estate
|
10.3
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8.5
|
7.8
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10.3
|
7.8
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Nonresidential Real Estate
|
152.6
|
154.8
|
148.3
|
152.6
|
148.3
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Residential Real Estate
|
384.6
|
394.6
|
386.8
|
384.6
|
386.8
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Consumer
|
4.9
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5.1
|
5.3
|
4.9
|
5.3
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Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
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0.0
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BANKING PROFILE
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