Utah 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
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-2.1%
|
-1.2%
|
1.7%
|
0.2%
|
4.1%
|
|
Manufacturing (10%)
|
-8.1%
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-4.8%
|
1.9%
|
-1.6%
|
4.0%
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|
Other (non-manufacturing) Goods-Producing (8%)
|
-12.4%
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-11.8%
|
-5.8%
|
-9.8%
|
9.0%
|
|
Private Service-Producing (65%)
|
-1.3%
|
-0.3%
|
2.6%
|
1.2%
|
4.2%
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|
Government (17%)
|
3.2%
|
3.3%
|
2.0%
|
2.5%
|
1.2%
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Unemployment Rate (% of labor force)
|
5.0%
|
3.8%
|
3.3%
|
3.4%
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2.7%
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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
|
-46.2%
|
-43.0%
|
-61.0%
|
-54.7%
|
-25.7%
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|
Multifamily Building Permits
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120.9%
|
106.8%
|
-15.8%
|
16.4%
|
-2.0%
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Home Price Index
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-4.2%
|
-2.8%
|
5.1%
|
0.2%
|
12.7%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.32
|
3.76
|
2.84
|
3.30
|
2.35
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
67
|
69
|
70
|
69
|
68
|
|
Total Assets (in millions)
|
370,867
|
514,997
|
368,984
|
514,997
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365,884
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New Institutions (# < 3 years)
|
4
|
5
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8
|
5
|
6
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|
Subchapter S Institutions
|
10
|
10
|
11
|
10
|
10
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|
|
|
|
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Asset Quality
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Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
5.43
|
4.69
|
2.96
|
4.69
|
2.79
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|
ALLL/Total Loans (median %)
|
1.90
|
1.75
|
1.50
|
1.75
|
1.41
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ALLL/Noncurrent Loans (median multiple)
|
0.59
|
0.80
|
1.19
|
0.80
|
1.55
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Net Loan Losses / Total Loans (median %)
|
1.15
|
1.19
|
0.21
|
1.02
|
0.11
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
11.51
|
12.23
|
12.58
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12.23
|
11.75
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Return on Assets (median %)
|
0.24
|
0.28
|
1.21
|
0.55
|
1.74
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Pretax Return on Assets (median %)
|
0.26
|
0.22
|
1.85
|
0.80
|
2.59
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Net Interest Margin (median %)
|
3.69
|
4.13
|
4.78
|
4.47
|
6.11
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Yield on Earning Assets (median %)
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6.07
|
6.60
|
7.69
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7.14
|
8.58
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Cost of Funding Earning Assets (median %)
|
2.31
|
2.55
|
2.95
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2.77
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3.31
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Provisions to Avg. Assets (median %)
|
1.49
|
1.44
|
0.44
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1.16
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0.28
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Noninterest Income to Avg. Assets (median %)
|
0.57
|
0.59
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0.66
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0.63
|
0.67
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Overhead to Avg. Assets (median %)
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3.07
|
3.00
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3.06
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3.02
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3.19
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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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72.5
|
74.4
|
77.8
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74.4
|
79.5
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Noncore Funding to Assets (median %)
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41.2
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37.3
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30.3
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37.3
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26.9
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Long-term Assets to Assets (median %, call filers)
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4.7
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5.4
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4.2
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5.4
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3.9
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Brokered Deposits (number of institutions)
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50
|
52
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50
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52
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50
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Brokered Deposits to Assets (median % for those above)
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34.1
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30.9
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29.7
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30.9
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25.8
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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
|
97.3
|
70.8
|
76.9
|
70.8
|
67.1
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Commercial Real Estate
|
61.6
|
131.7
|
71.0
|
131.7
|
106.5
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Construction & Development
|
9.6
|
17.2
|
22.9
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17.2
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25.4
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Multifamily Residential Real Estate
|
0.1
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0.1
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0.1
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0.1
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0.1
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Nonresidential Real Estate
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36.9
|
43.4
|
32.0
|
43.4
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30.1
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Residential Real Estate
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16.5
|
16.0
|
19.1
|
16.0
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21.3
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Consumer
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8.7
|
10.0
|
9.6
|
10.0
|
11.3
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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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