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FDIC State Profiles
 

New York - Fourth Quarter 2007
ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates Q4-07 Q3-07 Q4-06 2006 2005
Total Nonfarm (share of trailing four quarter employment in parentheses) 1.1% 1.5% 1.2% 1.0% 0.9%
  Manufacturing (6%) -2.8% -2.5% -2.2% -2.2% -2.7%
  Other (non-manufacturing) Goods-Producing (4%) 2.6% 4.4% 4.3% 3.8% 1.0%
  Private Service-Producing (72%) 1.3% 1.7% 1.6% 1.4% 1.3%
  Government (17%) 1.5% 1.7% 0.2% -0.3% 0.4%
Unemployment Rate (% of labor force) 4.6% 4.6% 4.3% 4.6% 5.0%
           
Other Indicators Q4-07 Q3-07 Q4-06 2006 2005
Single-Family Home Permits -17.1% -13.5% -21.2% -14.9% -2.5%
Multifamily Building Permits 29.0% -1.0% -8.3% -2.5% 11.3%
Home Price Index 0.7% 1.8% 5.2% 8.2% 13.4%
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level) 1.98 1.93 1.86 1.50 5.56
           
BANKING TRENDS
General Information Q4-07 Q3-07 Q4-06 2006 2005
Institutions (#) 195 199 199 199 205
Total Assets (in millions) 509,106 500,264 523,477 523,477 1,198,717
New Institutions (# < 3 years) 21 22 20 20 16
Subchapter S Institutions 8 8 9 9 8
           
Asset Quality Q4-07 Q3-07 Q4-06 2006 2005
Past-Due and Nonaccrual Loans / Total Loans (median %) 1.30 1.27 1.11 1.11 1.04
ALLL/Total Loans (median %) 0.93 0.90 0.96 0.96 1.00
ALLL/Noncurrent Loans (median multiple) 1.47 1.64 2.08 2.08 2.15
Net Loan Losses / Total Loans (median %) 0.02 0.01 0.01 0.02 0.03
           
Capital / Earnings Q4-07 Q3-07 Q4-06 2006 2005
Tier 1 Leverage (median %) 10.06 9.97 9.84 9.84 9.32
Return on Assets (median %) 0.67 0.72 0.71 0.79 0.81
Pretax Return on Assets (median %) 0.97 1.07 0.97 1.14 1.24
Net Interest Margin (median %) 3.46 3.53 3.60 3.64 3.73
Yield on Earning Assets (median %) 6.29 6.31 6.22 6.02 5.50
Cost of Funding Earning Assets (median %) 2.93 2.96 2.77 2.52 1.72
Provisions to Avg. Assets (median %) 0.06 0.03 0.03 0.04 0.05
Noninterest Income to Avg. Assets (median %) 0.51 0.54 0.53 0.54 0.56
Overhead to Avg. Assets (median %) 3.03 2.98 2.89 2.87 2.82
           
Liquidity / Sensitivity Q4-07 Q3-07 Q4-06 2006 2005
Loans to Assets (median %) 63.0 60.8 61.0 61.0 58.3
Noncore Funding to Assets (median %) 19.7 19.0 21.2 21.2 19.7
Long-term Assets to Assets (median %, call filers) 24.4 23.8 24.6 24.6 26.2
Brokered Deposits (number of institutions) 61 64 67 67 60
  Brokered Deposits to Assets (median % for those above) 3.0 3.2 3.3 3.3 3.0
           
Loan Concentrations (median % of Tier 1 Capital) Q4-07 Q3-07 Q4-06 2006 2005
Commercial and Industrial 50.1 44.3 46.9 46.9 44.6
Commercial Real Estate 149.7 151.2 156.1 156.1 146.9
  Construction & Development 16.0 14.6 14.8 14.8 11.8
  Multifamily Residential Real Estate 7.6 8.0 7.5 7.5 6.3
  Nonresidential Real Estate 104.1 104.4 105.7 105.7 112.7
Residential Real Estate 198.4 189.2 184.7 184.7 191.0
Consumer 7.2 7.1 8.7 8.7 7.9
Agriculture 0.0 0.0 0.0 0.0 0.0
           
BANKING PROFILE
Largest Deposit Markets (from 2007 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
New York-Northern New Jersey-Long Island, NY-NJ-PA 243 785,036   < $250 million 91 (46.7% )
Buffalo-Niagara Falls, NY 20 35,330   $250 million to $1 billion 57 (29.2% )
Albany-Schenectady-Troy, NY 23 18,272   $1 billion to $10 billion 37 (19% )
Rochester, NY 20 12,708   > $10 billion 10 (5.1% )
Syracuse, NY 21 8,958  
           
 

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