Rhode Island at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.2%
|
0.6%
|
-3.6%
|
-0.4%
|
-4.4%
|
|
Manufacturing (9%)
|
-0.5%
|
-1.5%
|
-12.0%
|
-3.3%
|
-12.9%
|
|
Other (non-manufacturing) Goods-Producing (3%)
|
-5.2%
|
-4.4%
|
-15.3%
|
-7.8%
|
-15.9%
|
|
Private Service-Producing (74%)
|
0.9%
|
1.2%
|
-2.3%
|
0.4%
|
-3.0%
|
|
Government (13%)
|
-1.5%
|
0.6%
|
-1.2%
|
-0.5%
|
-2.2%
|
|
Unemployment Rate (% of labor force)
|
11.5%
|
11.5%
|
11.7%
|
11.6%
|
10.8%
|
| |
|
|
|
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|
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Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-27.1%
|
1.1%
|
0.8%
|
10.1%
|
-21.9%
|
|
Multifamily Building Permits
|
43.9%
|
32.3%
|
94.1%
|
-36.5%
|
-6.9%
|
|
Home Price Index
|
-1.5%
|
-0.8%
|
-5.2%
|
-3.7%
|
-7.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.78
|
4.94
|
4.26
|
5.06
|
4.67
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BANKING TRENDS
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|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
14
|
14
|
14
|
14
|
14
|
|
Total Assets (in millions)
|
136,125
|
143,465
|
148,622
|
136,125
|
148,622
|
|
New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
1
|
|
Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
|
| |
|
|
|
|
|
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Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.54
|
3.01
|
3.56
|
2.54
|
3.56
|
|
Noncurrent Loans / Total Loans (median %)
|
1.52
|
1.68
|
1.65
|
1.52
|
1.65
|
|
ALLL/Total Loans (median %)
|
1.42
|
1.39
|
1.34
|
1.42
|
1.34
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.68
|
0.56
|
0.90
|
0.68
|
0.90
|
|
Net Loan Losses / Total Loans (median %)
|
0.21
|
0.32
|
0.24
|
0.24
|
0.29
|
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|
|
|
|
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
9.06
|
8.96
|
8.39
|
9.06
|
8.39
|
|
Return on Assets (median %)
|
0.35
|
0.34
|
0.52
|
0.40
|
0.18
|
|
Pretax Return on Assets (median %)
|
0.55
|
0.52
|
0.88
|
0.63
|
0.30
|
|
Net Interest Margin (median %)
|
3.30
|
3.22
|
2.98
|
3.25
|
3.00
|
|
Yield on Earning Assets (median %)
|
4.61
|
4.81
|
5.13
|
4.79
|
5.20
|
|
Cost of Funding Earning Assets (median %)
|
1.18
|
1.21
|
1.87
|
1.28
|
2.16
|
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Provisions to Avg. Assets (median %)
|
0.62
|
0.33
|
0.26
|
0.31
|
0.33
|
|
Noninterest Income to Avg. Assets (median %)
|
1.10
|
0.84
|
0.90
|
1.09
|
0.81
|
|
Overhead to Avg. Assets (median %)
|
3.00
|
3.13
|
2.71
|
3.06
|
2.94
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|
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Liquidity / Sensitivity
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Net Loans to Assets (median %)
|
68.7
|
68.5
|
67.8
|
68.7
|
67.8
|
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Noncore Funding to Assets (median %)
|
22.6
|
25.6
|
24.4
|
22.6
|
24.4
|
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Long-term Assets to Assets (median %, call filers)
|
35.3
|
34.3
|
36.5
|
35.3
|
36.5
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Brokered Deposits (number of institutions)
|
7
|
7
|
8
|
7
|
8
|
|
Brokered Deposits to Assets (median % for those above)
|
7.2
|
7.3
|
5.7
|
7.2
|
5.7
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|
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|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Commercial and Industrial
|
17.1
|
22.0
|
22.2
|
17.1
|
22.2
|
|
Commercial Real Estate
|
194.2
|
182.4
|
144.6
|
194.2
|
144.6
|
|
Construction & Development
|
6.1
|
6.7
|
18.6
|
6.1
|
18.6
|
|
Multifamily Residential Real Estate
|
1.1
|
1.3
|
1.0
|
1.1
|
1.0
|
|
Nonresidential Real Estate
|
153.9
|
141.8
|
110.2
|
153.9
|
110.2
|
|
Residential Real Estate
|
293.6
|
293.9
|
324.6
|
293.6
|
324.6
|
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Consumer
|
1.3
|
1.4
|
1.5
|
1.3
|
1.5
|
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Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
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BANKING PROFILE
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