Puerto Rico and the U.S. Virgin Islands at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.7%
|
-4.0%
|
-2.2%
|
-1.5%
|
-1.5%
|
|
Manufacturing (10%)
|
-10.3%
|
-8.6%
|
-4.2%
|
-4.6%
|
-3.0%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-21.3%
|
-16.9%
|
-8.9%
|
-10.1%
|
-5.0%
|
|
Private Service-Producing (55%)
|
-3.7%
|
-4.2%
|
-1.6%
|
-1.4%
|
-0.8%
|
|
Government (30%)
|
-1.3%
|
0.3%
|
-0.6%
|
0.6%
|
-1.0%
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Unemployment Rate (% of labor force)
|
15.6%
|
14.8%
|
11.8%
|
11.5%
|
10.9%
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Other Indicators
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BANKING TRENDS
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|
General Information
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Institutions (#)
|
12
|
12
|
12
|
12
|
13
|
|
Total Assets (in millions)
|
95,774
|
95,891
|
101,152
|
99,498
|
100,952
|
|
New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
1
|
|
Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
|
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|
|
|
|
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Asset Quality
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
13.87
|
13.22
|
8.88
|
10.43
|
7.58
|
|
Noncurrent Loans / Total Loans (median %)
|
9.25
|
8.65
|
5.00
|
6.05
|
4.14
|
|
ALLL/Total Loans (median %)
|
2.09
|
1.97
|
1.78
|
1.88
|
1.46
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.27
|
0.28
|
0.37
|
0.25
|
0.29
|
|
Net Loan Losses / Total Loans (median %)
|
1.73
|
1.87
|
0.70
|
1.12
|
0.77
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Capital / Earnings
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
7.03
|
6.95
|
7.11
|
6.78
|
6.84
|
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Return on Assets (median %)
|
0.00
|
-0.10
|
-0.07
|
0.27
|
0.20
|
|
Pretax Return on Assets (median %)
|
0.13
|
-0.16
|
-0.05
|
0.12
|
0.17
|
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Net Interest Margin (median %)
|
3.00
|
2.90
|
2.97
|
2.96
|
2.86
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Yield on Earning Assets (median %)
|
5.34
|
5.37
|
5.97
|
6.01
|
6.77
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Cost of Funding Earning Assets (median %)
|
2.07
|
2.33
|
3.10
|
3.25
|
3.95
|
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Provisions to Avg. Assets (median %)
|
1.00
|
1.05
|
0.85
|
0.92
|
0.84
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Noninterest Income to Avg. Assets (median %)
|
0.64
|
0.49
|
0.52
|
0.48
|
0.44
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Overhead to Avg. Assets (median %)
|
2.40
|
2.49
|
2.08
|
2.14
|
2.18
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Liquidity / Sensitivity
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Q3-09
|
Q2-09
|
Q3-08
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2008
|
2007
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Net Loans to Assets (median %)
|
64.7
|
62.5
|
63.6
|
62.9
|
65.4
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Noncore Funding to Assets (median %)
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52.3
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53.6
|
59.8
|
60.3
|
60.4
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Long-term Assets to Assets (median %, call filers)
|
35.8
|
37.3
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34.5
|
37.7
|
24.9
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Brokered Deposits (number of institutions)
|
11
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11
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11
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11
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11
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Brokered Deposits to Assets (median % for those above)
|
26.3
|
25.2
|
28.6
|
29.8
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24.2
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q3-09
|
Q2-09
|
Q3-08
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2008
|
2007
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Commercial and Industrial
|
68.6
|
71.0
|
75.7
|
75.3
|
95.6
|
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Commercial Real Estate
|
214.0
|
216.1
|
214.4
|
212.5
|
248.0
|
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Construction & Development
|
73.7
|
77.4
|
77.7
|
72.9
|
79.1
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Multifamily Residential Real Estate
|
0.6
|
0.5
|
0.4
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0.5
|
0.0
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Nonresidential Real Estate
|
136.8
|
133.6
|
138.6
|
133.1
|
142.0
|
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Residential Real Estate
|
192.4
|
185.8
|
192.9
|
189.2
|
195.8
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Consumer
|
36.7
|
37.8
|
37.0
|
39.3
|
44.3
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Agriculture
|
1.0
|
1.0
|
1.7
|
1.2
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0.1
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BANKING PROFILE
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