Arizona at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q3-09
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Q2-09
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Q3-08
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2008
|
2007
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Total Nonfarm (share of trailing four quarter employment in parentheses)
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-7.6%
|
-7.1%
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-2.4%
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-2.1%
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1.5%
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Manufacturing (7%)
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-7.8%
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-5.7%
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-4.5%
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-4.0%
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-2.1%
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Other (non-manufacturing) Goods-Producing (6%)
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-26.0%
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-27.0%
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-15.8%
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-14.9%
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-5.5%
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Private Service-Producing (69%)
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-6.6%
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-6.4%
|
-1.5%
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-1.5%
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2.5%
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Government (17%)
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-2.9%
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-1.4%
|
2.4%
|
3.0%
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3.1%
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Unemployment Rate (% of labor force)
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9.1%
|
8.2%
|
5.9%
|
5.5%
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3.8%
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Other Indicators
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Q3-09
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Q2-09
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Q3-08
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2008
|
2007
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Single-Family Home Permits
|
-8.2%
|
-37.2%
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-48.1%
|
-51.9%
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-33.0%
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|
Multifamily Building Permits
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-71.7%
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-98.7%
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-31.2%
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-36.4%
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13.2%
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Home Price Index
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-13.6%
|
-15.7%
|
-15.0%
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-11.9%
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-0.2%
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Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.59
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5.22
|
3.20
|
2.84
|
1.64
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BANKING TRENDS
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General Information
|
Q3-09
|
Q2-09
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Q3-08
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2008
|
2007
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|
Institutions (#)
|
52
|
57
|
56
|
57
|
57
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Total Assets (in millions)
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15,866
|
16,301
|
16,088
|
16,206
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19,020
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New Institutions (# < 3 years)
|
13
|
15
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18
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18
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19
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Subchapter S Institutions
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4
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4
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4
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4
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4
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|
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|
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Asset Quality
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Q3-09
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Q2-09
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Q3-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
6.23
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6.67
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3.46
|
4.41
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1.17
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Noncurrent Loans / Total Loans (median %)
|
4.53
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4.29
|
1.78
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2.79
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0.45
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ALLL/Total Loans (median %)
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2.18
|
1.95
|
1.48
|
1.74
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1.16
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ALLL/Noncurrent Loans (median multiple)
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0.66
|
0.50
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0.61
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0.53
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1.31
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Net Loan Losses / Total Loans (median %)
|
1.32
|
1.94
|
0.33
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0.74
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0.02
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Capital / Earnings
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Q3-09
|
Q2-09
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Q3-08
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2008
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2007
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Tier 1 Leverage (median %)
|
9.52
|
9.38
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10.51
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10.34
|
11.60
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Return on Assets (median %)
|
-1.87
|
-2.56
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-1.67
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-2.81
|
0.35
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Pretax Return on Assets (median %)
|
-2.23
|
-3.15
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-2.29
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-3.41
|
0.58
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Net Interest Margin (median %)
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3.66
|
3.52
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4.07
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4.06
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4.82
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Yield on Earning Assets (median %)
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5.48
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5.52
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6.47
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6.68
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8.02
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Cost of Funding Earning Assets (median %)
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1.83
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1.98
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2.25
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2.22
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3.04
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Provisions to Avg. Assets (median %)
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1.51
|
1.15
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1.18
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1.69
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0.30
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Noninterest Income to Avg. Assets (median %)
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0.29
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0.28
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0.28
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0.30
|
0.42
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Overhead to Avg. Assets (median %)
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3.82
|
4.24
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4.16
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4.29
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4.18
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Liquidity / Sensitivity
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Q3-09
|
Q2-09
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Q3-08
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2008
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2007
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Net Loans to Assets (median %)
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70.4
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72.6
|
78.7
|
76.7
|
77.9
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Noncore Funding to Assets (median %)
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32.4
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34.3
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33.8
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34.2
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29.1
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Long-term Assets to Assets (median %, call filers)
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13.9
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14.1
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12.2
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12.4
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8.6
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Brokered Deposits (number of institutions)
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35
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40
|
39
|
40
|
27
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Brokered Deposits to Assets (median % for those above)
|
10.3
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11.2
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14.0
|
12.9
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12.7
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q3-09
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Q2-09
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Q3-08
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2008
|
2007
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Commercial and Industrial
|
72.6
|
72.3
|
67.8
|
73.6
|
64.5
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Commercial Real Estate
|
409.3
|
428.0
|
414.1
|
397.7
|
419.2
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Construction & Development
|
94.8
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106.1
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146.7
|
139.5
|
159.1
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Multifamily Residential Real Estate
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9.7
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8.1
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9.8
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8.4
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6.1
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Nonresidential Real Estate
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260.2
|
239.5
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200.6
|
217.8
|
163.5
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Residential Real Estate
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94.8
|
88.3
|
72.5
|
84.7
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55.5
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Consumer
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6.0
|
5.5
|
5.6
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6.9
|
5.4
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Agriculture
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0.0
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0.0
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0.0
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0.0
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0.0
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BANKING PROFILE
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