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FDIC State Profiles
 

California - Second Quarter 2008
ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates Q2-08 Q1-08 Q2-07 2007 2006
Total Nonfarm (share of trailing four quarter employment in parentheses) -0.1% 0.1% 0.8% 0.7% 1.7%
  Manufacturing (10%) -1.7% -1.7% -1.7% -1.7% -1.0%
  Other (non-manufacturing) Goods-Producing (6%) -9.2% -8.2% -3.3% -4.2% 3.2%
  Private Service-Producing (68%) 0.5% 0.6% 1.2% 1.2% 2.1%
  Government (17%) 1.8% 2.0% 2.0% 1.8% 1.3%
Unemployment Rate (% of labor force) 6.7% 5.9% 5.3% 5.4% 4.9%
           
Other Indicators Q2-08 Q1-08 Q2-07 2007 2006
Single-Family Home Permits -48.0% -61.4% -39.6% -35.2% -30.6%
Multifamily Building Permits -2.0% -27.1% -24.6% -22.5% 3.1%
Home Price Index -15.8% -10.9% -2.1% -3.7% 11.1%
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level) 3.35 2.67 1.78 1.89 1.03
           
BANKING TRENDS
General Information Q2-08 Q1-08 Q2-07 2007 2006
Institutions (#) 313 313 306 312 304
Total Assets (in millions) 456,210 451,385 564,291 452,360 573,593
New Institutions (# < 3 years) 62 68 66 71 60
Subchapter S Institutions 23 23 27 26 27
           
Asset Quality Q2-08 Q1-08 Q2-07 2007 2006
Past-Due and Nonaccrual Loans / Total Loans (median %) 1.59 1.39 0.44 0.96 0.33
ALLL/Total Loans (median %) 1.30 1.28 1.21 1.25 1.21
ALLL/Noncurrent Loans (median multiple) 0.91 1.21 2.72 1.47 3.45
Net Loan Losses / Total Loans (median %) 0.11 0.00 0.00 0.01 0.00
           
Capital / Earnings Q2-08 Q1-08 Q2-07 2007 2006
Tier 1 Leverage (median %) 10.77 11.18 10.88 11.08 10.50
Return on Assets (median %) 0.32 0.50 0.91 0.71 1.11
Pretax Return on Assets (median %) 0.45 0.68 1.44 1.08 1.64
Net Interest Margin (median %) 4.05 4.14 4.67 4.56 4.76
Yield on Earning Assets (median %) 6.31 6.78 7.52 7.42 7.26
Cost of Funding Earning Assets (median %) 2.07 2.53 2.97 2.93 2.41
Provisions to Avg. Assets (median %) 0.54 0.32 0.10 0.27 0.13
Noninterest Income to Avg. Assets (median %) 0.39 0.39 0.40 0.37 0.42
Overhead to Avg. Assets (median %) 3.46 3.51 3.41 3.49 3.38
           
Liquidity / Sensitivity Q2-08 Q1-08 Q2-07 2007 2006
Loans to Assets (median %) 77.0 75.3 73.2 75.2 71.3
Noncore Funding to Assets (median %) 29.9 27.2 26.6 26.8 26.2
Long-term Assets to Assets (median %, call filers) 17.7 16.6 13.0 15.7 12.7
Brokered Deposits (number of institutions) 177 161 155 156 138
  Brokered Deposits to Assets (median % for those above) 7.0 6.4 4.7 5.7 5.5
           
Loan Concentrations (median % of Tier 1 Capital) Q2-08 Q1-08 Q2-07 2007 2006
Commercial and Industrial 101.5 97.2 91.9 98.9 90.4
Commercial Real Estate 432.4 410.0 401.5 401.2 408.5
  Construction & Development 74.0 74.7 72.3 73.4 69.9
  Multifamily Residential Real Estate 14.0 13.0 11.9 12.6 12.0
  Nonresidential Real Estate 247.4 241.2 218.3 234.3 221.4
Residential Real Estate 42.4 35.9 32.3 34.4 34.2
Consumer 4.7 4.5 4.8 4.5 4.7
Agriculture 0.0 0.0 0.0 0.0 0.0
           
BANKING PROFILE
Largest Deposit Markets (from 2007 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Los Angeles-Long Beach-Santa Ana, CA 174 301,888   < $250 million 166 (53% )
San Francisco-Oakland-Fremont, CA 89 174,241   $250 million to $1 billion 85 (27.2% )
San Jose-Sunnyvale-Santa Clara, CA 57 52,552   $1 billion to $10 billion 52 (16.6% )
San Diego-Carlsbad-San Marcos, CA 68 47,674   > $10 billion 10 (3.2% )
Riverside-San Bernardino-Ontario, CA 69 38,570  
           
 
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