Vermont - Fourth Quarter 2007
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.2%
|
0.0%
|
0.8%
|
0.7%
|
0.8%
|
|
Manufacturing (12%)
|
-1.5%
|
-1.0%
|
-1.1%
|
-1.6%
|
-0.3%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-4.6%
|
-4.0%
|
2.4%
|
3.1%
|
0.7%
|
|
Private Service-Producing (65%)
|
0.5%
|
0.4%
|
1.0%
|
0.8%
|
1.0%
|
|
Government (18%)
|
-0.1%
|
0.5%
|
0.9%
|
1.2%
|
1.3%
|
|
Unemployment Rate (% of labor force)
|
3.9%
|
3.8%
|
3.8%
|
3.7%
|
3.5%
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|
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|
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Other Indicators
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Single-Family Home Permits
|
-29.7%
|
-36.5%
|
-14.5%
|
-7.9%
|
-3.2%
|
|
Multifamily Building Permits
|
-58.2%
|
18.6%
|
57.1%
|
13.7%
|
-49.3%
|
|
Home Price Index
|
2.4%
|
4.7%
|
7.4%
|
9.7%
|
14.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.41
|
1.46
|
1.11
|
0.99
|
4.09
|
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BANKING TRENDS
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|
General Information
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Institutions (#)
|
16
|
17
|
19
|
19
|
19
|
|
Total Assets (in millions)
|
8,245
|
8,184
|
8,610
|
8,610
|
8,295
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
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|
|
|
|
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Asset Quality
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.06
|
1.38
|
1.41
|
1.41
|
1.08
|
|
ALLL/Total Loans (median %)
|
1.10
|
1.10
|
1.11
|
1.11
|
1.17
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.65
|
1.54
|
2.19
|
2.19
|
2.93
|
|
Net Loan Losses / Total Loans (median %)
|
0.06
|
0.07
|
0.03
|
0.02
|
0.05
|
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|
|
|
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Capital / Earnings
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Tier 1 Leverage (median %)
|
9.12
|
9.15
|
8.82
|
8.82
|
9.32
|
|
Return on Assets (median %)
|
0.90
|
0.86
|
0.98
|
0.83
|
0.91
|
|
Pretax Return on Assets (median %)
|
1.15
|
1.14
|
1.17
|
1.06
|
1.29
|
|
Net Interest Margin (median %)
|
4.22
|
4.25
|
4.29
|
4.36
|
4.43
|
|
Yield on Earning Assets (median %)
|
6.93
|
6.97
|
6.85
|
6.59
|
5.98
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|
Cost of Funding Earning Assets (median %)
|
2.44
|
2.53
|
2.28
|
2.08
|
1.30
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Provisions to Avg. Assets (median %)
|
0.05
|
0.05
|
0.03
|
0.06
|
0.10
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Noninterest Income to Avg. Assets (median %)
|
0.83
|
0.73
|
0.86
|
0.86
|
0.76
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Overhead to Avg. Assets (median %)
|
3.70
|
3.76
|
3.66
|
3.62
|
3.45
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|
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Liquidity / Sensitivity
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Loans to Assets (median %)
|
73.9
|
74.4
|
72.2
|
72.2
|
71.1
|
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Noncore Funding to Assets (median %)
|
17.8
|
16.8
|
16.1
|
16.1
|
14.3
|
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Long-term Assets to Assets (median %, call filers)
|
29.3
|
30.9
|
23.9
|
23.9
|
27.0
|
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Brokered Deposits (number of institutions)
|
9
|
11
|
11
|
11
|
6
|
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Brokered Deposits to Assets (median % for those above)
|
0.6
|
1.0
|
1.5
|
1.5
|
0.9
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Loan Concentrations (median % of Tier 1 Capital)
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Commercial and Industrial
|
67.6
|
75.4
|
67.8
|
67.8
|
68.0
|
|
Commercial Real Estate
|
248.1
|
277.0
|
248.7
|
248.7
|
237.2
|
|
Construction & Development
|
37.7
|
39.2
|
36.9
|
36.9
|
37.9
|
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Multifamily Residential Real Estate
|
18.4
|
22.3
|
15.7
|
15.7
|
12.4
|
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Nonresidential Real Estate
|
201.5
|
220.8
|
206.6
|
206.6
|
172.8
|
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Residential Real Estate
|
378.9
|
401.8
|
349.8
|
349.8
|
316.1
|
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Consumer
|
23.6
|
25.5
|
26.8
|
26.8
|
40.8
|
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Agriculture
|
4.8
|
3.4
|
5.8
|
5.8
|
5.7
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BANKING PROFILE
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