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FDIC State Profiles
 

Alabama 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) 0.1% -0.1% -5.0% -0.9% -5.3%
  Manufacturing (13%) -1.3% -2.2% -13.0% -4.3% -13.2%
  Other (non-manufacturing) Goods-Producing (5%) -2.6% -1.4% -13.7% -3.9% -14.5%
  Private Service-Producing (61%) 0.7% 0.1% -3.9% -0.5% -4.2%
  Government (21%) -0.2% 0.7% 0.0% 0.7% 0.1%
Unemployment Rate (% of labor force) 9.1% 9.1% 10.4% 9.5% 9.7%
           
Other Indicators Q4-10 Q3-10 Q4-09 2010 2009
Single-Family Home Permits -17.3% -27.0% 9.5% -6.0% -24.4%
Multifamily Building Permits -5.5% -71.6% -46.8% -32.3% -7.8%
Home Price Index -2.6% -1.8% -2.1% -3.3% -0.5%
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level) 6.63 7.33 7.09 7.05 7.26
           
BANKING TRENDS
General Information Q4-10 Q3-10 Q4-09 2010 2009
Institutions (#) 144 144 151 144 151
Total Assets (in millions) 225,301 226,885 240,577 225,301 240,577
New Institutions (# < 3 years) 3 4 8 3 8
Subchapter S Institutions 44 44 45 44 45
           
Asset Quality Q4-10 Q3-10 Q4-09 2010 2009
Past-Due and Nonaccrual Loans / Total Loans (median %) 4.65 4.34 4.28 4.65 4.28
Noncurrent Loans / Total Loans (median %) 2.34 2.21 2.36 2.34 2.36
ALLL/Total Loans (median %) 1.60 1.54 1.45 1.60 1.45
ALLL/Noncurrent Loans (median multiple) 0.72 0.74 0.62 0.72 0.62
Net Loan Losses / Total Loans (median %) 0.67 0.51 1.02 0.76 0.72
           
Capital / Earnings Q4-10 Q3-10 Q4-09 2010 2009
Tier 1 Leverage (median %) 9.76 9.83 9.57 9.76 9.57
Return on Assets (median %) 0.42 0.59 0.27 0.49 0.17
Pretax Return on Assets (median %) 0.49 0.69 0.23 0.52 0.24
Net Interest Margin (median %) 3.80 3.76 3.67 3.80 3.63
Yield on Earning Assets (median %) 5.19 5.33 5.53 5.32 5.68
Cost of Funding Earning Assets (median %) 1.37 1.49 1.78 1.50 1.99
Provisions to Avg. Assets (median %) 0.45 0.44 0.78 0.60 0.70
Noninterest Income to Avg. Assets (median %) 0.65 0.59 0.65 0.61 0.61
Overhead to Avg. Assets (median %) 3.13 3.01 3.00 3.01 3.00
           
Liquidity / Sensitivity Q4-10 Q3-10 Q4-09 2010 2009
Net Loans to Assets (median %) 59.4 61.4 63.7 59.4 63.7
Noncore Funding to Assets (median %) 26.2 27.0 28.5 26.2 28.5
Long-term Assets to Assets (median %, call filers) 22.9 22.2 19.9 22.9 19.9
Brokered Deposits (number of institutions) 66 65 76 66 76
  Brokered Deposits to Assets (median % for those above) 3.4 3.5 4.9 3.4 4.9
           
Loan Concentrations (median % of Total Risk-Based Capital) Q4-10 Q3-10 Q4-09 2010 2009
Commercial and Industrial 63.1 62.3 71.5 63.1 71.5
Commercial Real Estate 222.4 226.8 249.8 222.4 249.8
  Construction & Development 47.6 51.7 62.6 47.6 62.6
  Multifamily Residential Real Estate 5.7 6.2 7.0 5.7 7.0
  Nonresidential Real Estate 151.1 156.4 162.7 151.1 162.7
Residential Real Estate 151.6 160.9 170.4 151.6 170.4
Consumer 34.4 34.7 37.7 34.4 37.7
Agriculture 21.7 21.4 20.4 21.7 20.4
           
BANKING PROFILE
Largest Deposit Markets (from 2010 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Birmingham-Hoover, AL 49 27,841   < $100 million 49 (34% )
Columbus, GA-AL 17 7,758   $100 million to $250 million 59 (41% )
Huntsville, AL 25 7,208   $250 million to $1 billion 31 (21.5% )
Mobile, AL 20 5,957   $1 billion to $10 billion 3 (2.1% )
Montgomery, AL 22 5,870   > $10 billion 2 (1.4% )
           
 
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