Vermont 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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Q2-09
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Q1-09
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Q2-08
|
2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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-4.1%
|
-4.1%
|
-0.1%
|
-0.7%
|
0.2%
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|
Manufacturing (11%)
|
-12.3%
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-10.6%
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-2.5%
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-3.0%
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-0.9%
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|
Other (non-manufacturing) Goods-Producing (5%)
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-13.4%
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-19.6%
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-7.4%
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-8.1%
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-3.3%
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Private Service-Producing (66%)
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-3.1%
|
-3.0%
|
1.0%
|
0.1%
|
0.7%
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Government (18%)
|
0.2%
|
0.1%
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-0.2%
|
0.3%
|
0.4%
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Unemployment Rate (% of labor force)
|
7.3%
|
7.0%
|
4.5%
|
4.8%
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4.0%
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Other Indicators
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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|
Single-Family Home Permits
|
-25.7%
|
-53.7%
|
-39.2%
|
-31.5%
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-31.5%
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|
Multifamily Building Permits
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-31.5%
|
-51.9%
|
153.1%
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-18.4%
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-25.5%
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Home Price Index
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-1.7%
|
-0.9%
|
1.0%
|
0.8%
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3.2%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.44
|
2.34
|
2.04
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1.97
|
1.34
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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|
Institutions (#)
|
14
|
14
|
15
|
15
|
16
|
|
Total Assets (in millions)
|
5,302
|
5,266
|
8,455
|
9,027
|
8,244
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New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
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Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
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|
|
|
|
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Asset Quality
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.60
|
2.69
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2.15
|
2.34
|
2.06
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Noncurrent Loans / Total Loans (median %)
|
1.51
|
1.28
|
0.80
|
0.89
|
0.70
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ALLL/Total Loans (median %)
|
1.10
|
1.04
|
1.09
|
1.05
|
1.10
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ALLL/Noncurrent Loans (median multiple)
|
0.77
|
0.97
|
1.35
|
1.22
|
1.65
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Net Loan Losses / Total Loans (median %)
|
0.04
|
0.07
|
0.07
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0.09
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0.05
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Capital / Earnings
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
8.20
|
8.62
|
8.87
|
8.68
|
9.12
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Return on Assets (median %)
|
0.55
|
0.55
|
0.79
|
0.67
|
0.80
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Pretax Return on Assets (median %)
|
0.75
|
0.68
|
0.95
|
0.80
|
0.95
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Net Interest Margin (median %)
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4.05
|
4.08
|
4.17
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4.13
|
4.16
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Yield on Earning Assets (median %)
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5.58
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5.66
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6.35
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6.54
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6.91
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Cost of Funding Earning Assets (median %)
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1.51
|
1.62
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2.06
|
1.96
|
2.41
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Provisions to Avg. Assets (median %)
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0.11
|
0.15
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0.06
|
0.10
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0.06
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Noninterest Income to Avg. Assets (median %)
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0.97
|
0.75
|
0.84
|
0.80
|
0.78
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Overhead to Avg. Assets (median %)
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3.94
|
3.71
|
3.85
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3.80
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3.77
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Liquidity / Sensitivity
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Net Loans to Assets (median %)
|
74.9
|
74.7
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74.3
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75.9
|
73.0
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Noncore Funding to Assets (median %)
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19.6
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20.6
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20.8
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20.8
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17.8
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Long-term Assets to Assets (median %, call filers)
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35.3
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35.5
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37.8
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36.7
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29.3
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Brokered Deposits (number of institutions)
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8
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9
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7
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8
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9
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Brokered Deposits to Assets (median % for those above)
|
2.0
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1.8
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1.8
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2.2
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0.6
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Commercial and Industrial
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59.7
|
61.3
|
71.0
|
61.7
|
62.0
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Commercial Real Estate
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255.4
|
242.5
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246.9
|
262.8
|
227.8
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Construction & Development
|
32.1
|
31.8
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37.5
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38.1
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34.6
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Multifamily Residential Real Estate
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19.4
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19.4
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24.1
|
20.0
|
16.9
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Nonresidential Real Estate
|
209.8
|
198.3
|
204.8
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200.2
|
185.0
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Residential Real Estate
|
452.6
|
436.7
|
385.0
|
395.7
|
349.7
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Consumer
|
21.1
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21.9
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23.8
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21.2
|
21.7
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Agriculture
|
4.4
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5.6
|
3.5
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6.4
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4.4
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BANKING PROFILE
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