Vermont at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.1%
|
-2.2%
|
0.2%
|
-0.7%
|
0.2%
|
|
Manufacturing (11%)
|
-10.6%
|
-5.5%
|
-1.7%
|
-3.0%
|
-0.9%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-19.6%
|
-12.0%
|
-6.1%
|
-8.1%
|
-3.3%
|
|
Private Service-Producing (66%)
|
-3.0%
|
-1.5%
|
1.0%
|
0.1%
|
0.7%
|
|
Government (18%)
|
0.1%
|
0.4%
|
0.4%
|
0.3%
|
0.4%
|
|
Unemployment Rate (% of labor force)
|
7.0%
|
5.4%
|
4.4%
|
4.8%
|
4.0%
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|
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|
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Other Indicators
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-53.7%
|
-39.2%
|
-32.8%
|
-31.5%
|
-31.5%
|
|
Multifamily Building Permits
|
-51.9%
|
-10.9%
|
-68.6%
|
-18.4%
|
-25.5%
|
|
Home Price Index
|
-1.2%
|
0.6%
|
1.9%
|
0.9%
|
3.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.34
|
2.18
|
1.76
|
1.97
|
1.34
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BANKING TRENDS
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|
General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
14
|
15
|
15
|
15
|
16
|
|
Total Assets (in millions)
|
5,266
|
9,027
|
8,532
|
9,027
|
8,244
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
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|
|
|
|
|
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Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.69
|
2.34
|
2.29
|
2.34
|
2.06
|
|
ALLL/Total Loans (median %)
|
1.04
|
1.05
|
1.17
|
1.05
|
1.10
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.97
|
1.22
|
1.18
|
1.22
|
1.65
|
|
Net Loan Losses / Total Loans (median %)
|
0.07
|
0.10
|
0.04
|
0.09
|
0.05
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|
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
8.62
|
8.68
|
9.03
|
8.68
|
9.12
|
|
Return on Assets (median %)
|
0.55
|
0.58
|
0.66
|
0.67
|
0.80
|
|
Pretax Return on Assets (median %)
|
0.68
|
0.55
|
0.93
|
0.80
|
0.95
|
|
Net Interest Margin (median %)
|
4.08
|
4.16
|
4.20
|
4.17
|
4.16
|
|
Yield on Earning Assets (median %)
|
5.66
|
6.04
|
6.88
|
6.54
|
6.91
|
|
Cost of Funding Earning Assets (median %)
|
1.62
|
1.71
|
2.26
|
1.96
|
2.41
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Provisions to Avg. Assets (median %)
|
0.15
|
0.15
|
0.06
|
0.10
|
0.06
|
|
Noninterest Income to Avg. Assets (median %)
|
0.75
|
0.67
|
0.79
|
0.80
|
0.78
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|
Overhead to Avg. Assets (median %)
|
3.71
|
3.70
|
3.92
|
3.80
|
3.77
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|
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Liquidity / Sensitivity
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Loans to Assets (median %)
|
75.6
|
76.6
|
74.9
|
76.6
|
73.9
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|
Noncore Funding to Assets (median %)
|
20.6
|
20.8
|
19.0
|
20.8
|
17.8
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|
Long-term Assets to Assets (median %, call filers)
|
35.5
|
36.7
|
34.0
|
36.7
|
29.3
|
|
Brokered Deposits (number of institutions)
|
9
|
8
|
7
|
8
|
9
|
|
Brokered Deposits to Assets (median % for those above)
|
1.8
|
2.2
|
1.9
|
2.2
|
0.6
|
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|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Commercial and Industrial
|
67.1
|
67.4
|
74.4
|
67.4
|
67.6
|
|
Commercial Real Estate
|
265.8
|
281.4
|
263.1
|
281.4
|
248.1
|
|
Construction & Development
|
34.3
|
41.8
|
37.3
|
41.8
|
37.7
|
|
Multifamily Residential Real Estate
|
21.6
|
21.9
|
26.8
|
21.9
|
18.5
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Nonresidential Real Estate
|
218.3
|
213.4
|
225.6
|
213.4
|
201.5
|
|
Residential Real Estate
|
489.3
|
422.1
|
403.7
|
422.1
|
381.6
|
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Consumer
|
24.1
|
23.4
|
27.6
|
23.4
|
23.6
|
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Agriculture
|
6.1
|
6.9
|
4.5
|
6.9
|
4.8
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BANKING PROFILE
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