Vermont at a Glance
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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)
|
-3.9%
|
-4.1%
|
-0.7%
|
-0.7%
|
0.2%
|
|
Manufacturing (11%)
|
-13.3%
|
-12.3%
|
-2.5%
|
-3.0%
|
-0.9%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-14.7%
|
-13.4%
|
-6.9%
|
-8.1%
|
-3.3%
|
|
Private Service-Producing (66%)
|
-2.4%
|
-3.1%
|
-0.1%
|
0.1%
|
0.7%
|
|
Government (18%)
|
1.0%
|
0.2%
|
0.7%
|
0.3%
|
0.4%
|
|
Unemployment Rate (% of labor force)
|
6.8%
|
7.3%
|
4.7%
|
4.8%
|
4.0%
|
| |
|
|
|
|
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Other Indicators
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-23.4%
|
-25.7%
|
-16.7%
|
-31.5%
|
-31.5%
|
|
Multifamily Building Permits
|
-50.0%
|
-31.5%
|
-44.2%
|
-18.4%
|
-25.5%
|
|
Home Price Index
|
-1.5%
|
-1.4%
|
-0.2%
|
0.6%
|
3.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.50
|
2.44
|
1.90
|
1.97
|
1.34
|
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|
|
|
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BANKING TRENDS
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|
General Information
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Institutions (#)
|
14
|
14
|
15
|
15
|
16
|
|
Total Assets (in millions)
|
5,450
|
5,302
|
8,595
|
9,027
|
8,244
|
|
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
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.01
|
2.60
|
1.94
|
2.34
|
2.06
|
|
Noncurrent Loans / Total Loans (median %)
|
1.56
|
1.51
|
0.89
|
0.89
|
0.70
|
|
ALLL/Total Loans (median %)
|
1.14
|
1.10
|
1.13
|
1.05
|
1.10
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.73
|
0.77
|
1.14
|
1.22
|
1.65
|
|
Net Loan Losses / Total Loans (median %)
|
0.09
|
0.04
|
0.08
|
0.09
|
0.05
|
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|
|
|
|
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Capital / Earnings
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
8.19
|
8.20
|
8.74
|
8.68
|
9.12
|
|
Return on Assets (median %)
|
0.64
|
0.55
|
0.66
|
0.67
|
0.80
|
|
Pretax Return on Assets (median %)
|
0.74
|
0.75
|
0.89
|
0.80
|
0.95
|
|
Net Interest Margin (median %)
|
4.06
|
4.05
|
4.28
|
4.13
|
4.16
|
|
Yield on Earning Assets (median %)
|
5.61
|
5.58
|
6.30
|
6.54
|
6.91
|
|
Cost of Funding Earning Assets (median %)
|
1.35
|
1.51
|
1.92
|
1.96
|
2.41
|
|
Provisions to Avg. Assets (median %)
|
0.16
|
0.11
|
0.09
|
0.10
|
0.06
|
|
Noninterest Income to Avg. Assets (median %)
|
0.90
|
0.97
|
0.85
|
0.80
|
0.78
|
|
Overhead to Avg. Assets (median %)
|
3.75
|
3.94
|
3.97
|
3.80
|
3.77
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|
|
|
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Liquidity / Sensitivity
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Net Loans to Assets (median %)
|
73.4
|
74.9
|
75.5
|
75.9
|
73.0
|
|
Noncore Funding to Assets (median %)
|
20.5
|
19.6
|
20.0
|
20.8
|
17.8
|
|
Long-term Assets to Assets (median %, call filers)
|
35.0
|
35.3
|
36.4
|
36.7
|
29.3
|
|
Brokered Deposits (number of institutions)
|
8
|
8
|
8
|
8
|
9
|
|
Brokered Deposits to Assets (median % for those above)
|
2.6
|
2.0
|
2.0
|
2.2
|
0.6
|
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|
|
|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Commercial and Industrial
|
55.8
|
59.7
|
68.8
|
61.7
|
62.0
|
|
Commercial Real Estate
|
257.1
|
255.4
|
258.3
|
262.8
|
227.8
|
|
Construction & Development
|
31.2
|
32.1
|
38.9
|
38.1
|
34.6
|
|
Multifamily Residential Real Estate
|
19.3
|
19.4
|
20.4
|
20.0
|
16.9
|
|
Nonresidential Real Estate
|
206.9
|
209.8
|
208.1
|
200.2
|
185.0
|
|
Residential Real Estate
|
435.2
|
452.6
|
395.7
|
395.7
|
349.7
|
|
Consumer
|
18.2
|
21.1
|
22.3
|
21.2
|
21.7
|
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Agriculture
|
2.4
|
4.4
|
5.3
|
6.4
|
4.4
|
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BANKING PROFILE
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