Rhode Island at a Glance
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.1%
|
-4.4%
|
-2.3%
|
-2.2%
|
-0.1%
|
|
Manufacturing (9%)
|
-10.2%
|
-10.9%
|
-5.7%
|
-5.4%
|
-3.7%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
-14.0%
|
-13.9%
|
-6.1%
|
-7.9%
|
-2.9%
|
|
Private Service-Producing (73%)
|
-2.7%
|
-3.3%
|
-1.6%
|
-1.5%
|
0.7%
|
|
Government (13%)
|
-3.6%
|
-2.4%
|
-2.2%
|
-1.5%
|
-0.8%
|
|
Unemployment Rate (% of labor force)
|
12.8%
|
11.9%
|
8.2%
|
7.8%
|
5.2%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-15.2%
|
-29.7%
|
-34.6%
|
-38.6%
|
-9.9%
|
|
Multifamily Building Permits
|
-26.2%
|
-32.6%
|
-32.3%
|
-27.3%
|
-40.3%
|
|
Home Price Index
|
-6.8%
|
-8.2%
|
-7.8%
|
-6.6%
|
-2.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.88
|
4.96
|
3.98
|
3.95
|
2.58
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Institutions (#)
|
14
|
13
|
13
|
13
|
13
|
|
Total Assets (in millions)
|
151,490
|
157,476
|
176,623
|
173,168
|
171,962
|
|
New Institutions (# < 3 years)
|
1
|
0
|
0
|
0
|
2
|
|
Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
|
| |
|
|
|
|
|
|
Asset Quality
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.44
|
2.68
|
1.65
|
2.53
|
1.19
|
|
Noncurrent Loans / Total Loans (median %)
|
1.39
|
1.63
|
0.87
|
1.03
|
0.37
|
|
ALLL/Total Loans (median %)
|
1.34
|
1.32
|
1.31
|
1.27
|
1.06
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.98
|
0.84
|
1.19
|
1.02
|
1.24
|
|
Net Loan Losses / Total Loans (median %)
|
0.30
|
0.27
|
0.14
|
0.14
|
0.04
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
8.36
|
8.59
|
9.40
|
8.72
|
10.77
|
|
Return on Assets (median %)
|
0.26
|
0.08
|
0.07
|
-0.17
|
0.42
|
|
Pretax Return on Assets (median %)
|
0.36
|
0.12
|
0.05
|
-0.01
|
0.52
|
|
Net Interest Margin (median %)
|
3.19
|
2.79
|
3.07
|
3.15
|
3.10
|
|
Yield on Earning Assets (median %)
|
5.16
|
4.86
|
5.86
|
5.83
|
6.26
|
|
Cost of Funding Earning Assets (median %)
|
1.77
|
2.20
|
2.77
|
2.82
|
3.35
|
|
Provisions to Avg. Assets (median %)
|
0.37
|
0.22
|
0.16
|
0.18
|
0.08
|
|
Noninterest Income to Avg. Assets (median %)
|
0.78
|
0.59
|
0.61
|
0.66
|
1.09
|
|
Overhead to Avg. Assets (median %)
|
2.95
|
3.09
|
3.00
|
3.03
|
2.92
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
69.2
|
69.5
|
69.7
|
70.0
|
67.0
|
|
Noncore Funding to Assets (median %)
|
28.3
|
28.4
|
32.0
|
32.4
|
30.9
|
|
Long-term Assets to Assets (median %, call filers)
|
37.2
|
37.4
|
42.3
|
43.9
|
45.4
|
|
Brokered Deposits (number of institutions)
|
7
|
6
|
5
|
6
|
5
|
|
Brokered Deposits to Assets (median % for those above)
|
1.8
|
5.0
|
7.6
|
4.3
|
1.9
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Total Risk-Based Capital)
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Commercial and Industrial
|
21.5
|
16.2
|
14.2
|
16.7
|
20.5
|
|
Commercial Real Estate
|
152.0
|
119.3
|
122.9
|
124.7
|
104.2
|
|
Construction & Development
|
18.1
|
15.6
|
17.1
|
18.4
|
8.4
|
|
Multifamily Residential Real Estate
|
1.9
|
1.3
|
1.2
|
1.0
|
1.7
|
|
Nonresidential Real Estate
|
113.4
|
85.9
|
94.5
|
104.5
|
83.5
|
|
Residential Real Estate
|
333.1
|
337.2
|
387.3
|
375.1
|
369.5
|
|
Consumer
|
2.6
|
2.4
|
2.2
|
2.4
|
2.0
|
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
