Maine at a Glance
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.4%
|
-2.7%
|
0.5%
|
-0.3%
|
0.5%
|
|
Manufacturing (9%)
|
-9.8%
|
-6.9%
|
0.1%
|
-0.9%
|
-1.0%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-11.5%
|
-10.8%
|
-3.5%
|
-5.3%
|
-1.6%
|
|
Private Service-Producing (69%)
|
-2.4%
|
-1.9%
|
0.9%
|
0.1%
|
1.1%
|
|
Government (17%)
|
-1.4%
|
-1.1%
|
0.2%
|
-0.1%
|
-0.2%
|
|
Unemployment Rate (% of labor force)
|
8.3%
|
7.9%
|
5.1%
|
5.4%
|
4.6%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-17.7%
|
-41.4%
|
-45.7%
|
-43.3%
|
-21.2%
|
|
Multifamily Building Permits
|
-91.5%
|
-27.5%
|
49.4%
|
-7.6%
|
10.4%
|
|
Home Price Index
|
-3.4%
|
-2.7%
|
1.0%
|
-0.2%
|
2.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.07
|
2.36
|
2.46
|
2.17
|
1.64
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
29
|
29
|
32
|
31
|
34
|
|
Total Assets (in millions)
|
46,620
|
42,001
|
35,382
|
40,197
|
81,080
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
| |
|
|
|
|
|
|
Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.03
|
2.59
|
1.91
|
2.67
|
1.87
|
|
Noncurrent Loans / Total Loans (median %)
|
1.53
|
1.25
|
0.97
|
1.25
|
0.80
|
|
ALLL/Total Loans (median %)
|
1.09
|
1.06
|
1.08
|
1.10
|
1.10
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.70
|
0.81
|
1.11
|
0.93
|
1.30
|
|
Net Loan Losses / Total Loans (median %)
|
0.22
|
0.10
|
0.06
|
0.16
|
0.08
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.04
|
8.88
|
9.23
|
8.77
|
8.81
|
|
Return on Assets (median %)
|
0.40
|
0.43
|
0.60
|
0.32
|
0.48
|
|
Pretax Return on Assets (median %)
|
0.64
|
0.60
|
0.90
|
0.42
|
0.66
|
|
Net Interest Margin (median %)
|
3.56
|
3.51
|
3.45
|
3.58
|
3.29
|
|
Yield on Earning Assets (median %)
|
5.57
|
5.71
|
6.27
|
6.22
|
6.79
|
|
Cost of Funding Earning Assets (median %)
|
2.07
|
2.25
|
2.96
|
2.87
|
3.48
|
|
Provisions to Avg. Assets (median %)
|
0.21
|
0.15
|
0.11
|
0.20
|
0.09
|
|
Noninterest Income to Avg. Assets (median %)
|
0.59
|
0.47
|
0.65
|
0.54
|
0.62
|
|
Overhead to Avg. Assets (median %)
|
3.08
|
3.00
|
2.95
|
2.92
|
2.97
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
79.5
|
78.9
|
79.5
|
80.5
|
77.4
|
|
Noncore Funding to Assets (median %)
|
29.4
|
31.2
|
29.4
|
31.7
|
28.2
|
|
Long-term Assets to Assets (median %, call filers)
|
46.2
|
44.1
|
41.8
|
46.7
|
39.9
|
|
Brokered Deposits (number of institutions)
|
20
|
19
|
15
|
17
|
17
|
|
Brokered Deposits to Assets (median % for those above)
|
4.9
|
4.7
|
7.5
|
5.2
|
6.2
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
48.9
|
45.1
|
53.0
|
44.6
|
54.0
|
|
Commercial Real Estate
|
219.5
|
216.1
|
235.2
|
218.4
|
246.2
|
|
Construction & Development
|
30.7
|
28.8
|
28.6
|
28.0
|
36.1
|
|
Multifamily Residential Real Estate
|
10.2
|
10.4
|
8.3
|
10.8
|
8.7
|
|
Nonresidential Real Estate
|
177.6
|
167.9
|
178.2
|
183.2
|
180.8
|
|
Residential Real Estate
|
449.0
|
433.9
|
424.6
|
448.6
|
432.1
|
|
Consumer
|
17.8
|
16.6
|
17.5
|
17.5
|
16.9
|
|
Agriculture
|
1.3
|
1.1
|
0.8
|
1.3
|
0.7
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
