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FDIC State Profiles
 

Rhode Island at a Glance

ECONOMIC INDICATORS (Change from year ago, unless noted)
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%
           
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
           
BANKING TRENDS
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
           
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
           
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
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
           
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
Noncore Funding to Assets (median %) 22.6 25.6 24.4 22.6 24.4
Long-term Assets to Assets (median %, call filers) 35.3 34.3 36.5 35.3 36.5
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
           
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
Consumer 1.3 1.4 1.5 1.3 1.5
Agriculture 0.0 0.0 0.0 0.0 0.0
           
BANKING PROFILE
Largest Deposit Markets (from 2010 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Providence-New Bedford-Fall River, RI-MA 36 47,918   < $100 million 4 (28.6% )
  $100 million to $250 million 1 (7.1% )
  $250 million to $1 billion 4 (28.6% )
  $1 billion to $10 billion 3 (21.4% )
  > $10 billion 2 (14.3% )
           
 
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