Massachusetts 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
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Q3-10
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Q4-09
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2010
|
2009
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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0.7%
|
0.8%
|
-3.2%
|
0.2%
|
-3.3%
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Manufacturing (8%)
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0.6%
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-0.2%
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-9.6%
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-2.0%
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-9.5%
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Other (non-manufacturing) Goods-Producing (3%)
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-1.6%
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-1.6%
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-15.9%
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-4.6%
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-15.8%
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Private Service-Producing (75%)
|
1.1%
|
1.1%
|
-2.3%
|
0.6%
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-2.5%
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Government (14%)
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-0.7%
|
0.1%
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0.1%
|
0.0%
|
0.2%
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Unemployment Rate (% of labor force)
|
8.3%
|
8.4%
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8.8%
|
8.5%
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8.2%
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Other Indicators
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Q4-10
|
Q3-10
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Q4-09
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2010
|
2009
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Single-Family Home Permits
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-12.0%
|
17.2%
|
53.4%
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17.7%
|
-9.5%
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|
Multifamily Building Permits
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98.8%
|
87.2%
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-8.4%
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39.4%
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-48.5%
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Home Price Index
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0.4%
|
0.8%
|
-3.2%
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-1.1%
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-3.7%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.23
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3.48
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3.18
|
3.47
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3.07
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BANKING TRENDS
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General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
165
|
166
|
171
|
165
|
171
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|
Total Assets (in millions)
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256,609
|
269,398
|
252,539
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256,609
|
252,539
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New Institutions (# < 3 years)
|
2
|
2
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2
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2
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2
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Subchapter S Institutions
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4
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4
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4
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4
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4
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|
|
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|
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Asset Quality
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Q4-10
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Q3-10
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Q4-09
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2010
|
2009
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.26
|
2.17
|
2.27
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2.26
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2.27
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Noncurrent Loans / Total Loans (median %)
|
1.29
|
1.33
|
1.16
|
1.29
|
1.16
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ALLL/Total Loans (median %)
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1.05
|
1.06
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1.05
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1.05
|
1.05
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ALLL/Noncurrent Loans (median multiple)
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0.73
|
0.80
|
0.79
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0.73
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0.79
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Net Loan Losses / Total Loans (median %)
|
0.08
|
0.04
|
0.07
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0.15
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0.13
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Capital / Earnings
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Q4-10
|
Q3-10
|
Q4-09
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2010
|
2009
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Tier 1 Leverage (median %)
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9.42
|
9.43
|
9.12
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9.42
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9.12
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Return on Assets (median %)
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0.57
|
0.58
|
0.42
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0.51
|
0.38
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Pretax Return on Assets (median %)
|
0.75
|
0.83
|
0.63
|
0.73
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0.54
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Net Interest Margin (median %)
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3.44
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3.42
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3.35
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3.43
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3.21
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Yield on Earning Assets (median %)
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4.68
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4.78
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5.06
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4.83
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5.21
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Cost of Funding Earning Assets (median %)
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1.22
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1.32
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1.67
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1.34
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1.94
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Provisions to Avg. Assets (median %)
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0.14
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0.13
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0.22
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0.17
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0.18
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Noninterest Income to Avg. Assets (median %)
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0.57
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0.55
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0.50
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0.56
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0.50
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Overhead to Avg. Assets (median %)
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2.96
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2.90
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2.82
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2.87
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2.84
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Liquidity / Sensitivity
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Q4-10
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Q3-10
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Q4-09
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2010
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2009
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Net Loans to Assets (median %)
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67.1
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67.6
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70.1
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67.1
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70.1
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Noncore Funding to Assets (median %)
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24.6
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24.5
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26.7
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24.6
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26.7
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Long-term Assets to Assets (median %, call filers)
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36.1
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35.8
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37.9
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36.1
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37.9
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Brokered Deposits (number of institutions)
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45
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47
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40
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45
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40
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Brokered Deposits to Assets (median % for those above)
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1.4
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1.3
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1.7
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1.4
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1.7
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q4-10
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Q3-10
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Q4-09
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2010
|
2009
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Commercial and Industrial
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27.8
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28.2
|
28.0
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27.8
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28.0
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Commercial Real Estate
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179.4
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183.3
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201.1
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179.4
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201.1
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Construction & Development
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24.0
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25.1
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29.3
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24.0
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29.3
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Multifamily Residential Real Estate
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18.8
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18.5
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17.0
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18.8
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17.0
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Nonresidential Real Estate
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122.8
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123.8
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124.7
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122.8
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124.7
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Residential Real Estate
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390.8
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406.2
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420.9
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390.8
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420.9
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Consumer
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4.2
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4.3
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5.0
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4.2
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5.0
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Agriculture
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0.0
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0.0
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0.0
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0.0
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0.0
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BANKING PROFILE
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