Maine - 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)
|
0.2%
|
0.5%
|
0.6%
|
0.5%
|
0.5%
|
|
Manufacturing (10%)
|
-1.4%
|
-1.1%
|
-2.2%
|
-1.4%
|
-2.2%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-2.5%
|
-0.9%
|
-1.4%
|
-1.8%
|
2.1%
|
|
Private Service-Producing (68%)
|
0.6%
|
1.0%
|
1.4%
|
1.1%
|
1.0%
|
|
Government (17%)
|
0.0%
|
0.2%
|
-0.4%
|
-0.2%
|
-0.3%
|
|
Unemployment Rate (% of labor force)
|
4.9%
|
4.9%
|
4.6%
|
4.8%
|
4.6%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-41.5%
|
-33.2%
|
-23.0%
|
-21.2%
|
-16.5%
|
|
Multifamily Building Permits
|
-20.7%
|
0.0%
|
-28.7%
|
10.4%
|
-28.8%
|
|
Home Price Index
|
2.3%
|
2.4%
|
3.6%
|
3.0%
|
5.6%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.66
|
1.58
|
1.36
|
1.64
|
0.94
|
| |
|
|
|
|
|
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BANKING TRENDS
|
|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
32
|
33
|
35
|
33
|
36
|
|
Total Assets (in millions)
|
61,235
|
63,030
|
58,055
|
63,030
|
56,280
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
| |
|
|
|
|
|
|
Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.02
|
2.02
|
1.50
|
2.02
|
1.54
|
|
ALLL/Total Loans (median %)
|
1.08
|
1.10
|
1.13
|
1.10
|
1.12
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.09
|
1.28
|
1.80
|
1.28
|
1.70
|
|
Net Loan Losses / Total Loans (median %)
|
0.06
|
0.08
|
0.02
|
0.05
|
0.05
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.21
|
9.18
|
9.07
|
9.18
|
9.11
|
|
Return on Assets (median %)
|
0.61
|
0.46
|
0.66
|
0.50
|
0.74
|
|
Pretax Return on Assets (median %)
|
0.88
|
0.64
|
1.00
|
0.68
|
1.04
|
|
Net Interest Margin (median %)
|
3.46
|
3.29
|
3.31
|
3.27
|
3.47
|
|
Yield on Earning Assets (median %)
|
6.51
|
6.76
|
6.78
|
6.80
|
6.66
|
|
Cost of Funding Earning Assets (median %)
|
3.29
|
3.32
|
3.47
|
3.53
|
3.18
|
|
Provisions to Avg. Assets (median %)
|
0.12
|
0.14
|
0.07
|
0.10
|
0.11
|
|
Noninterest Income to Avg. Assets (median %)
|
0.55
|
0.57
|
0.54
|
0.64
|
0.61
|
|
Overhead to Avg. Assets (median %)
|
2.97
|
2.89
|
2.98
|
2.92
|
2.90
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
77.7
|
78.3
|
77.9
|
78.3
|
78.0
|
|
Noncore Funding to Assets (median %)
|
28.5
|
29.2
|
29.5
|
29.2
|
30.5
|
|
Long-term Assets to Assets (median %, call filers)
|
41.7
|
40.0
|
40.5
|
40.0
|
36.9
|
|
Brokered Deposits (number of institutions)
|
16
|
16
|
18
|
16
|
18
|
|
Brokered Deposits to Assets (median % for those above)
|
6.6
|
6.7
|
7.7
|
6.7
|
7.4
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
69.7
|
65.2
|
46.3
|
65.2
|
63.3
|
|
Commercial Real Estate
|
262.5
|
275.3
|
231.7
|
275.3
|
220.1
|
|
Construction & Development
|
36.0
|
39.7
|
33.9
|
39.7
|
36.0
|
|
Multifamily Residential Real Estate
|
9.4
|
10.1
|
8.3
|
10.1
|
10.3
|
|
Nonresidential Real Estate
|
203.7
|
201.3
|
185.1
|
201.3
|
173.8
|
|
Residential Real Estate
|
474.5
|
486.9
|
465.4
|
486.9
|
466.4
|
|
Consumer
|
19.9
|
19.2
|
23.6
|
19.2
|
23.1
|
|
Agriculture
|
1.2
|
1.0
|
1.0
|
1.0
|
0.9
|
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BANKING PROFILE
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