Utah at a Glance
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.7%
|
0.4%
|
-4.9%
|
-0.7%
|
-5.1%
|
|
Manufacturing (9%)
|
1.3%
|
0.0%
|
-9.1%
|
-1.5%
|
-10.2%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-1.4%
|
-4.1%
|
-20.0%
|
-7.0%
|
-21.1%
|
|
Private Service-Producing (66%)
|
1.0%
|
0.7%
|
-4.0%
|
-0.3%
|
-3.9%
|
|
Government (18%)
|
0.2%
|
0.9%
|
0.8%
|
0.8%
|
1.4%
|
|
Unemployment Rate (% of labor force)
|
7.5%
|
7.6%
|
7.7%
|
7.7%
|
7.1%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-16.2%
|
-20.7%
|
20.5%
|
4.2%
|
-9.5%
|
|
Multifamily Building Permits
|
96.1%
|
1.7%
|
-62.9%
|
-41.8%
|
13.0%
|
|
Home Price Index
|
-2.2%
|
-2.4%
|
-9.1%
|
-5.7%
|
-7.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
6.02
|
6.53
|
5.26
|
6.26
|
5.08
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
57
|
59
|
64
|
57
|
64
|
|
Total Assets (in millions)
|
346,284
|
339,378
|
322,742
|
346,284
|
322,742
|
|
New Institutions (# < 3 years)
|
2
|
2
|
4
|
2
|
4
|
|
Subchapter S Institutions
|
9
|
9
|
9
|
9
|
9
|
| |
|
|
|
|
|
|
Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
4.48
|
5.35
|
5.55
|
4.48
|
5.55
|
|
Noncurrent Loans / Total Loans (median %)
|
2.58
|
3.28
|
3.50
|
2.58
|
3.50
|
|
ALLL/Total Loans (median %)
|
2.57
|
2.59
|
2.39
|
2.57
|
2.39
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.01
|
0.80
|
0.81
|
1.01
|
0.81
|
|
Net Loan Losses / Total Loans (median %)
|
1.56
|
1.43
|
2.29
|
1.81
|
2.59
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
12.14
|
12.36
|
11.56
|
12.14
|
11.56
|
|
Return on Assets (median %)
|
1.29
|
0.94
|
0.32
|
1.15
|
0.32
|
|
Pretax Return on Assets (median %)
|
1.29
|
1.03
|
0.22
|
1.33
|
0.36
|
|
Net Interest Margin (median %)
|
4.56
|
4.74
|
4.11
|
4.54
|
3.87
|
|
Yield on Earning Assets (median %)
|
5.42
|
5.75
|
5.71
|
5.61
|
5.96
|
|
Cost of Funding Earning Assets (median %)
|
1.20
|
1.31
|
1.68
|
1.41
|
1.98
|
|
Provisions to Avg. Assets (median %)
|
0.93
|
0.87
|
1.64
|
1.08
|
2.02
|
|
Noninterest Income to Avg. Assets (median %)
|
1.00
|
0.73
|
0.59
|
0.88
|
0.54
|
|
Overhead to Avg. Assets (median %)
|
3.96
|
3.68
|
3.51
|
3.62
|
3.46
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Net Loans to Assets (median %)
|
68.0
|
65.5
|
65.2
|
68.0
|
65.2
|
|
Noncore Funding to Assets (median %)
|
36.5
|
36.8
|
39.6
|
36.5
|
39.6
|
|
Long-term Assets to Assets (median %, call filers)
|
7.2
|
6.7
|
5.2
|
7.2
|
5.2
|
|
Brokered Deposits (number of institutions)
|
44
|
45
|
47
|
44
|
47
|
|
Brokered Deposits to Assets (median % for those above)
|
26.0
|
29.0
|
30.1
|
26.0
|
30.1
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Commercial and Industrial
|
53.1
|
71.1
|
81.7
|
53.1
|
81.7
|
|
Commercial Real Estate
|
61.5
|
76.7
|
129.7
|
61.5
|
129.7
|
|
Construction & Development
|
10.4
|
11.7
|
27.2
|
10.4
|
27.2
|
|
Multifamily Residential Real Estate
|
0.8
|
1.1
|
0.4
|
0.8
|
0.4
|
|
Nonresidential Real Estate
|
49.8
|
55.6
|
43.8
|
49.8
|
43.8
|
|
Residential Real Estate
|
30.1
|
32.7
|
36.6
|
30.1
|
36.6
|
|
Consumer
|
11.9
|
12.4
|
12.7
|
11.9
|
12.7
|
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
