New Jersey 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
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.4%
|
-0.6%
|
-3.3%
|
-1.0%
|
-3.9%
|
|
Manufacturing (7%)
|
-0.9%
|
-1.6%
|
-10.6%
|
-3.2%
|
-10.9%
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|
Other (non-manufacturing) Goods-Producing (3%)
|
-3.0%
|
-4.9%
|
-15.4%
|
-6.6%
|
-15.6%
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|
Private Service-Producing (73%)
|
0.5%
|
0.1%
|
-2.8%
|
-0.4%
|
-3.4%
|
|
Government (17%)
|
-3.1%
|
-2.4%
|
0.7%
|
-1.5%
|
0.5%
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|
Unemployment Rate (% of labor force)
|
9.2%
|
9.3%
|
9.7%
|
9.4%
|
9.1%
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|
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Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-11.6%
|
0.9%
|
10.6%
|
5.0%
|
-19.8%
|
|
Multifamily Building Permits
|
22.2%
|
107.4%
|
17.0%
|
38.8%
|
-57.0%
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|
Home Price Index
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-0.3%
|
-0.7%
|
-5.8%
|
-2.9%
|
-5.9%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.46
|
4.60
|
4.18
|
4.56
|
3.98
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BANKING TRENDS
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General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
117
|
119
|
123
|
117
|
123
|
|
Total Assets (in millions)
|
174,422
|
175,292
|
176,650
|
174,422
|
176,650
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New Institutions (# < 3 years)
|
6
|
8
|
12
|
6
|
12
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|
Subchapter S Institutions
|
7
|
7
|
7
|
7
|
7
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|
|
|
|
|
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Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.56
|
3.34
|
3.09
|
3.56
|
3.09
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|
Noncurrent Loans / Total Loans (median %)
|
2.31
|
2.21
|
1.90
|
2.31
|
1.90
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|
ALLL/Total Loans (median %)
|
1.28
|
1.20
|
1.12
|
1.28
|
1.12
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ALLL/Noncurrent Loans (median multiple)
|
0.55
|
0.53
|
0.51
|
0.55
|
0.51
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Net Loan Losses / Total Loans (median %)
|
0.33
|
0.16
|
0.24
|
0.31
|
0.20
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
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|
Tier 1 Leverage (median %)
|
9.17
|
9.08
|
8.95
|
9.17
|
8.95
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Return on Assets (median %)
|
0.42
|
0.48
|
0.37
|
0.46
|
0.27
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Pretax Return on Assets (median %)
|
0.58
|
0.68
|
0.45
|
0.58
|
0.35
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Net Interest Margin (median %)
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3.43
|
3.45
|
3.24
|
3.38
|
3.06
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Yield on Earning Assets (median %)
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4.73
|
4.80
|
5.13
|
4.90
|
5.18
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Cost of Funding Earning Assets (median %)
|
1.32
|
1.40
|
1.79
|
1.45
|
2.04
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Provisions to Avg. Assets (median %)
|
0.39
|
0.27
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0.34
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0.35
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0.34
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Noninterest Income to Avg. Assets (median %)
|
0.32
|
0.29
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0.25
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0.28
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0.27
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Overhead to Avg. Assets (median %)
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2.63
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2.63
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2.73
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2.60
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2.74
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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
|
2009
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Net Loans to Assets (median %)
|
66.3
|
65.7
|
65.5
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66.3
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65.5
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Noncore Funding to Assets (median %)
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22.5
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22.5
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24.0
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22.5
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24.0
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Long-term Assets to Assets (median %, call filers)
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38.5
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35.1
|
34.7
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38.5
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34.7
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Brokered Deposits (number of institutions)
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48
|
51
|
49
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48
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49
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Brokered Deposits to Assets (median % for those above)
|
2.2
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2.5
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3.7
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2.2
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3.7
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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
|
2010
|
2009
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Commercial and Industrial
|
26.2
|
26.0
|
30.9
|
26.2
|
30.9
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Commercial Real Estate
|
250.2
|
262.1
|
269.7
|
250.2
|
269.7
|
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Construction & Development
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23.4
|
26.7
|
31.5
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23.4
|
31.5
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Multifamily Residential Real Estate
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14.3
|
14.7
|
13.6
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14.3
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13.6
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Nonresidential Real Estate
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188.5
|
197.3
|
179.4
|
188.5
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179.4
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Residential Real Estate
|
229.0
|
220.7
|
219.6
|
229.0
|
219.6
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Consumer
|
2.0
|
2.0
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2.1
|
2.0
|
2.1
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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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