Washington - Third Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.9%
|
1.2%
|
2.6%
|
2.5%
|
3.0%
|
|
Manufacturing (10%)
|
1.2%
|
2.0%
|
2.5%
|
2.6%
|
4.9%
|
|
Other (non-manufacturing) Goods-Producing (7%)
|
-3.5%
|
-1.7%
|
5.3%
|
6.0%
|
9.3%
|
|
Private Service-Producing (65%)
|
1.1%
|
1.4%
|
2.7%
|
2.7%
|
2.7%
|
|
Government (18%)
|
2.2%
|
1.5%
|
1.0%
|
0.5%
|
0.6%
|
|
Unemployment Rate (% of labor force)
|
5.8%
|
5.1%
|
4.6%
|
4.5%
|
4.9%
|
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|
|
|
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Other Indicators
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-38.1%
|
-41.0%
|
-17.6%
|
-14.8%
|
-17.0%
|
|
Multifamily Building Permits
|
-42.1%
|
4.0%
|
-14.1%
|
15.0%
|
19.3%
|
|
Home Price Index
|
-2.1%
|
0.5%
|
6.5%
|
8.0%
|
16.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.39
|
3.16
|
2.38
|
2.33
|
1.81
|
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BANKING TRENDS
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|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
97
|
97
|
98
|
97
|
99
|
|
Total Assets (in millions)
|
78,465
|
78,167
|
72,735
|
75,048
|
65,464
|
|
New Institutions (# < 3 years)
|
11
|
11
|
14
|
13
|
14
|
|
Subchapter S Institutions
|
13
|
13
|
11
|
11
|
10
|
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|
|
|
|
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Asset Quality
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.17
|
2.01
|
0.70
|
1.42
|
0.54
|
|
ALLL/Total Loans (median %)
|
1.41
|
1.33
|
1.24
|
1.26
|
1.25
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.71
|
1.09
|
3.22
|
1.59
|
3.48
|
|
Net Loan Losses / Total Loans (median %)
|
0.15
|
0.08
|
0.00
|
0.03
|
0.02
|
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|
|
|
|
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Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.77
|
10.02
|
10.11
|
10.13
|
9.92
|
|
Return on Assets (median %)
|
0.25
|
0.55
|
1.17
|
0.96
|
1.06
|
|
Pretax Return on Assets (median %)
|
0.36
|
0.82
|
1.58
|
1.21
|
1.56
|
|
Net Interest Margin (median %)
|
4.08
|
4.09
|
4.79
|
4.69
|
4.84
|
|
Yield on Earning Assets (median %)
|
6.62
|
6.77
|
8.29
|
7.96
|
7.61
|
|
Cost of Funding Earning Assets (median %)
|
2.65
|
2.75
|
3.50
|
3.40
|
2.84
|
|
Provisions to Avg. Assets (median %)
|
0.48
|
0.44
|
0.19
|
0.22
|
0.20
|
|
Noninterest Income to Avg. Assets (median %)
|
0.42
|
0.45
|
0.50
|
0.47
|
0.53
|
|
Overhead to Avg. Assets (median %)
|
3.34
|
3.28
|
3.29
|
3.35
|
3.45
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|
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
83.7
|
84.4
|
82.4
|
82.8
|
78.2
|
|
Noncore Funding to Assets (median %)
|
33.3
|
32.3
|
27.5
|
29.2
|
28.7
|
|
Long-term Assets to Assets (median %, call filers)
|
12.8
|
12.4
|
10.8
|
11.5
|
9.2
|
|
Brokered Deposits (number of institutions)
|
68
|
66
|
62
|
64
|
55
|
|
Brokered Deposits to Assets (median % for those above)
|
10.0
|
7.6
|
6.5
|
7.0
|
5.7
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|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Commercial and Industrial
|
115.7
|
120.5
|
109.0
|
117.0
|
117.6
|
|
Commercial Real Estate
|
496.0
|
459.0
|
439.3
|
456.7
|
418.4
|
|
Construction & Development
|
180.6
|
176.8
|
160.9
|
172.0
|
133.3
|
|
Multifamily Residential Real Estate
|
23.6
|
23.5
|
20.8
|
19.0
|
20.7
|
|
Nonresidential Real Estate
|
238.4
|
224.1
|
210.7
|
211.9
|
207.1
|
|
Residential Real Estate
|
102.1
|
95.8
|
79.2
|
83.2
|
78.1
|
|
Consumer
|
14.0
|
13.4
|
15.3
|
12.8
|
17.0
|
|
Agriculture
|
4.3
|
3.7
|
3.6
|
2.3
|
4.2
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BANKING PROFILE
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