Delaware - First Quarter 2008
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.4%
|
0.2%
|
-0.1%
|
0.2%
|
1.1%
|
|
Manufacturing (8%)
|
0.9%
|
0.9%
|
-1.5%
|
-0.5%
|
1.1%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-1.2%
|
-4.4%
|
-4.9%
|
-5.6%
|
4.9%
|
|
Private Service-Producing (72%)
|
0.6%
|
0.6%
|
0.5%
|
0.7%
|
0.6%
|
|
Government (14%)
|
-0.2%
|
0.3%
|
0.3%
|
0.9%
|
2.1%
|
|
Unemployment Rate (% of labor force)
|
3.7%
|
3.5%
|
3.4%
|
3.4%
|
3.5%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-41.0%
|
-25.1%
|
-18.0%
|
-21.3%
|
-27.5%
|
|
Multifamily Building Permits
|
63.1%
|
-37.7%
|
-7.2%
|
-34.6%
|
11.9%
|
|
Home Price Index
|
1.0%
|
1.8%
|
5.3%
|
3.7%
|
10.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.40
|
2.03
|
1.85
|
1.96
|
1.51
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
32
|
33
|
35
|
33
|
34
|
|
Total Assets (in millions)
|
601,859
|
605,170
|
549,643
|
605,170
|
559,553
|
|
New Institutions (# < 3 years)
|
4
|
5
|
6
|
5
|
5
|
|
Subchapter S Institutions
|
2
|
2
|
2
|
2
|
2
|
| |
|
|
|
|
|
|
Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.69
|
2.03
|
0.94
|
2.03
|
0.97
|
|
ALLL/Total Loans (median %)
|
1.17
|
1.19
|
0.94
|
1.19
|
0.94
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.53
|
1.34
|
2.25
|
1.34
|
2.42
|
|
Net Loan Losses / Total Loans (median %)
|
0.14
|
0.13
|
0.07
|
0.24
|
0.05
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.87
|
11.03
|
10.78
|
11.03
|
11.50
|
|
Return on Assets (median %)
|
1.02
|
0.93
|
1.34
|
1.21
|
1.46
|
|
Pretax Return on Assets (median %)
|
1.65
|
1.48
|
2.09
|
1.76
|
2.24
|
|
Net Interest Margin (median %)
|
3.70
|
4.27
|
4.14
|
4.00
|
4.31
|
|
Yield on Earning Assets (median %)
|
6.43
|
7.03
|
7.07
|
7.18
|
6.94
|
|
Cost of Funding Earning Assets (median %)
|
2.94
|
3.47
|
3.31
|
3.28
|
2.90
|
|
Provisions to Avg. Assets (median %)
|
0.25
|
0.37
|
0.10
|
0.21
|
0.15
|
|
Noninterest Income to Avg. Assets (median %)
|
0.97
|
1.06
|
1.35
|
0.97
|
1.52
|
|
Overhead to Avg. Assets (median %)
|
3.13
|
3.44
|
3.24
|
3.31
|
3.17
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
69.7
|
73.2
|
70.2
|
73.2
|
68.7
|
|
Noncore Funding to Assets (median %)
|
27.9
|
27.1
|
18.2
|
27.1
|
31.9
|
|
Long-term Assets to Assets (median %, call filers)
|
6.9
|
10.0
|
11.2
|
10.0
|
9.9
|
|
Brokered Deposits (number of institutions)
|
16
|
16
|
15
|
16
|
15
|
|
Brokered Deposits to Assets (median % for those above)
|
8.3
|
7.7
|
9.9
|
7.7
|
10.1
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
30.6
|
24.0
|
24.5
|
24.0
|
24.8
|
|
Commercial Real Estate
|
105.6
|
86.8
|
42.9
|
86.8
|
66.1
|
|
Construction & Development
|
2.9
|
1.9
|
3.3
|
1.9
|
2.9
|
|
Multifamily Residential Real Estate
|
0.5
|
0.2
|
0.6
|
0.2
|
0.5
|
|
Nonresidential Real Estate
|
62.3
|
42.1
|
37.7
|
42.1
|
38.4
|
|
Residential Real Estate
|
123.6
|
120.7
|
127.5
|
120.7
|
127.7
|
|
Consumer
|
10.5
|
11.3
|
13.3
|
11.3
|
13.2
|
|
Agriculture
|
0.2
|
0.3
|
0.1
|
0.3
|
0.0
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
