California 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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Q1-09
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Q4-08
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Q1-08
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2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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-3.8%
|
-2.6%
|
-0.2%
|
-1.2%
|
0.8%
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Manufacturing (9%)
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-6.3%
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-3.9%
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-2.0%
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-2.7%
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-1.7%
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Other (non-manufacturing) Goods-Producing (5%)
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-16.8%
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-14.0%
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-8.5%
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-11.4%
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-4.1%
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Private Service-Producing (68%)
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-3.2%
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-2.2%
|
0.4%
|
-0.6%
|
1.3%
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|
Government (17%)
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-0.2%
|
0.3%
|
1.4%
|
1.0%
|
1.7%
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Unemployment Rate (% of labor force)
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10.6%
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8.3%
|
6.2%
|
7.2%
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5.4%
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|
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Other Indicators
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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|
Single-Family Home Permits
|
-48.1%
|
-45.8%
|
-61.4%
|
-51.9%
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-35.2%
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|
Multifamily Building Permits
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-58.7%
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-29.3%
|
-27.1%
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-28.3%
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-22.5%
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Home Price Index
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-16.0%
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-19.5%
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-11.8%
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-17.1%
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-4.3%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.43
|
3.92
|
2.68
|
3.45
|
1.90
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
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Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
310
|
311
|
313
|
311
|
312
|
|
Total Assets (in millions)
|
463,225
|
458,482
|
451,375
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458,482
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452,353
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New Institutions (# < 3 years)
|
55
|
56
|
68
|
56
|
71
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Subchapter S Institutions
|
23
|
23
|
23
|
23
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26
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|
|
|
|
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Asset Quality
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Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.55
|
2.96
|
1.39
|
2.96
|
0.97
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ALLL/Total Loans (median %)
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1.68
|
1.56
|
1.28
|
1.56
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1.25
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ALLL/Noncurrent Loans (median multiple)
|
0.65
|
0.73
|
1.21
|
0.73
|
1.45
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Net Loan Losses / Total Loans (median %)
|
0.37
|
0.66
|
0.00
|
0.46
|
0.01
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Capital / Earnings
|
Q1-09
|
Q4-08
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Q1-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
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10.86
|
10.67
|
11.18
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10.67
|
11.08
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Return on Assets (median %)
|
0.05
|
-0.55
|
0.50
|
0.00
|
0.71
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Pretax Return on Assets (median %)
|
0.06
|
-0.92
|
0.68
|
-0.10
|
1.08
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Net Interest Margin (median %)
|
3.72
|
3.87
|
4.16
|
4.00
|
4.56
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Yield on Earning Assets (median %)
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5.51
|
5.94
|
6.78
|
6.26
|
7.42
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Cost of Funding Earning Assets (median %)
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1.63
|
1.93
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2.53
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2.11
|
2.93
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Provisions to Avg. Assets (median %)
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0.71
|
1.23
|
0.32
|
0.95
|
0.27
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Noninterest Income to Avg. Assets (median %)
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0.30
|
0.28
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0.39
|
0.33
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0.37
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Overhead to Avg. Assets (median %)
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3.35
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3.36
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3.51
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3.46
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3.49
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Liquidity / Sensitivity
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Q1-09
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Q4-08
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Q1-08
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2008
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2007
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Loans to Assets (median %)
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75.5
|
77.1
|
75.3
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77.1
|
75.2
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Noncore Funding to Assets (median %)
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32.4
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32.9
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27.2
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32.9
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26.8
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Long-term Assets to Assets (median %, call filers)
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19.4
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19.2
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16.6
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19.2
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15.7
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Brokered Deposits (number of institutions)
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214
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212
|
161
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212
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156
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Brokered Deposits to Assets (median % for those above)
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8.5
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8.8
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6.4
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8.8
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5.7
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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Commercial and Industrial
|
115.0
|
115.1
|
97.2
|
115.1
|
100.1
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Commercial Real Estate
|
421.1
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433.9
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410.5
|
433.9
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405.7
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Construction & Development
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66.8
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69.8
|
74.7
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69.8
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73.4
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Multifamily Residential Real Estate
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17.8
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17.4
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13.2
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17.4
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12.7
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Nonresidential Real Estate
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270.4
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267.4
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241.2
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267.4
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234.3
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Residential Real Estate
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53.3
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49.4
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35.9
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49.4
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34.4
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Consumer
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4.6
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4.8
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4.4
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4.8
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4.5
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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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Largest Deposit Markets (from 2008 Summary of Deposits)
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Institutions in Market
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Deposits ($ millions)
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Asset Distribution
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Institutions
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Los Angeles-Long Beach-Santa Ana, CA
|
180
|
308,159
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< $250 million
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162 (52.3% )
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San Francisco-Oakland-Fremont, CA
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89
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181,316
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$250 million to $1 billion
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88 (28.4% )
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San Jose-Sunnyvale-Santa Clara, CA
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56
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51,876
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$1 billion to $10 billion
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50 (16.1% )
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San Diego-Carlsbad-San Marcos, CA
|
65
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47,797
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> $10 billion
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10 (3.2% )
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Riverside-San Bernardino-Ontario, CA
|
70
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37,360
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