North Carolina at a Glance
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
Employment Growth Rates
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-2.2%
|
-0.6%
|
1.7%
|
-0.4%
|
2.6%
|
Manufacturing (12%)
|
-7.0%
|
-4.6%
|
-2.7%
|
-4.5%
|
-2.7%
|
Other (non-manufacturing) Goods-Producing (6%)
|
-11.0%
|
-8.7%
|
1.0%
|
-7.2%
|
3.6%
|
Private Service-Producing (65%)
|
-2.0%
|
0.2%
|
2.7%
|
0.3%
|
3.7%
|
Government (17%)
|
3.6%
|
2.8%
|
1.7%
|
2.9%
|
2.3%
|
Unemployment Rate (% of labor force)
|
7.5%
|
6.6%
|
5.0%
|
6.3%
|
4.7%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-53.6%
|
-38.6%
|
-30.2%
|
-41.2%
|
-18.1%
|
Multifamily Building Permits
|
-36.0%
|
29.9%
|
-8.9%
|
-0.3%
|
-15.8%
|
Home Price Index
|
1.1%
|
2.2%
|
5.1%
|
2.7%
|
6.4%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.56
|
2.38
|
2.15
|
2.36
|
2.11
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
110
|
112
|
112
|
110
|
112
|
Total Assets (in millions)
|
2,351,658
|
2,251,940
|
2,184,709
|
2,351,658
|
2,184,709
|
New Institutions (# < 3 years)
|
19
|
20
|
16
|
19
|
16
|
Subchapter S Institutions
|
3
|
3
|
2
|
3
|
2
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.35
|
1.97
|
1.44
|
2.35
|
1.44
|
ALLL/Total Loans (median %)
|
1.33
|
1.28
|
1.20
|
1.33
|
1.20
|
ALLL/Noncurrent Loans (median multiple)
|
1.02
|
1.14
|
1.87
|
1.02
|
1.87
|
Net Loan Losses / Total Loans (median %)
|
0.29
|
0.18
|
0.10
|
0.25
|
0.08
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.52
|
9.55
|
9.65
|
9.52
|
9.65
|
Return on Assets (median %)
|
-0.02
|
0.22
|
0.54
|
0.11
|
0.68
|
Pretax Return on Assets (median %)
|
-0.07
|
0.26
|
0.75
|
0.12
|
1.03
|
Net Interest Margin (median %)
|
3.02
|
3.26
|
3.69
|
3.20
|
3.72
|
Yield on Earning Assets (median %)
|
5.80
|
6.09
|
7.37
|
6.14
|
7.44
|
Cost of Funding Earning Assets (median %)
|
2.71
|
2.80
|
3.62
|
2.99
|
3.57
|
Provisions to Avg. Assets (median %)
|
0.61
|
0.46
|
0.34
|
0.47
|
0.20
|
Noninterest Income to Avg. Assets (median %)
|
0.45
|
0.46
|
0.52
|
0.45
|
0.58
|
Overhead to Avg. Assets (median %)
|
2.69
|
2.77
|
2.80
|
2.75
|
2.85
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
77.3
|
77.5
|
77.1
|
77.3
|
77.1
|
Noncore Funding to Assets (median %)
|
34.8
|
33.8
|
29.5
|
34.8
|
29.5
|
Long-term Assets to Assets (median %, call filers)
|
18.1
|
17.4
|
16.5
|
18.1
|
16.5
|
Brokered Deposits (number of institutions)
|
82
|
80
|
76
|
82
|
76
|
Brokered Deposits to Assets (median % for those above)
|
8.5
|
8.7
|
6.1
|
8.5
|
6.1
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
75.4
|
77.8
|
74.8
|
75.4
|
74.8
|
Commercial Real Estate
|
417.1
|
404.8
|
367.5
|
417.1
|
367.5
|
Construction & Development
|
168.9
|
173.1
|
160.5
|
168.9
|
160.5
|
Multifamily Residential Real Estate
|
11.8
|
11.8
|
10.9
|
11.8
|
10.9
|
Nonresidential Real Estate
|
205.4
|
203.6
|
167.2
|
205.4
|
167.2
|
Residential Real Estate
|
226.7
|
222.4
|
225.6
|
226.7
|
225.6
|
Consumer
|
12.9
|
13.2
|
14.7
|
12.9
|
14.7
|
Agriculture
|
2.8
|
2.7
|
2.8
|
2.8
|
2.8
|
|
|
|
|
|
|
BANKING PROFILE
|