Tennessee 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)
|
-2.3%
|
-1.2%
|
0.7%
|
-0.8%
|
0.5%
|
|
Manufacturing (13%)
|
-6.5%
|
-4.2%
|
-4.6%
|
-4.8%
|
-4.9%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-8.0%
|
-4.3%
|
3.1%
|
-3.3%
|
2.6%
|
|
Private Service-Producing (67%)
|
-1.8%
|
-0.7%
|
1.5%
|
-0.2%
|
1.4%
|
|
Government (15%)
|
0.7%
|
0.5%
|
1.6%
|
1.1%
|
1.0%
|
|
Unemployment Rate (% of labor force)
|
7.2%
|
6.7%
|
5.3%
|
6.4%
|
4.9%
|
| |
|
|
|
|
|
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Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Single-Family Home Permits
|
-56.2%
|
-44.5%
|
-40.2%
|
-45.6%
|
-24.8%
|
|
Multifamily Building Permits
|
-40.8%
|
-13.3%
|
112.0%
|
-29.4%
|
1.7%
|
|
Home Price Index
|
0.9%
|
1.6%
|
4.3%
|
2.2%
|
5.8%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
8.15
|
7.97
|
6.78
|
7.47
|
6.34
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BANKING TRENDS
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|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Institutions (#)
|
198
|
201
|
203
|
198
|
203
|
|
Total Assets (in millions)
|
98,678
|
99,850
|
94,343
|
98,678
|
94,343
|
|
New Institutions (# < 3 years)
|
11
|
14
|
17
|
11
|
17
|
|
Subchapter S Institutions
|
43
|
43
|
43
|
43
|
43
|
| |
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.90
|
2.53
|
2.05
|
2.90
|
2.05
|
|
ALLL/Total Loans (median %)
|
1.25
|
1.18
|
1.18
|
1.25
|
1.18
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.08
|
1.16
|
1.99
|
1.08
|
1.99
|
|
Net Loan Losses / Total Loans (median %)
|
0.36
|
0.24
|
0.18
|
0.28
|
0.16
|
| |
|
|
|
|
|
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Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.78
|
9.83
|
9.81
|
9.78
|
9.81
|
|
Return on Assets (median %)
|
0.31
|
0.61
|
0.74
|
0.56
|
0.83
|
|
Pretax Return on Assets (median %)
|
0.33
|
0.84
|
0.94
|
0.71
|
1.13
|
|
Net Interest Margin (median %)
|
3.77
|
3.88
|
3.92
|
3.81
|
3.94
|
|
Yield on Earning Assets (median %)
|
6.29
|
6.51
|
7.35
|
6.56
|
7.37
|
|
Cost of Funding Earning Assets (median %)
|
2.52
|
2.64
|
3.42
|
2.81
|
3.40
|
|
Provisions to Avg. Assets (median %)
|
0.53
|
0.29
|
0.20
|
0.35
|
0.16
|
|
Noninterest Income to Avg. Assets (median %)
|
0.67
|
0.70
|
0.77
|
0.70
|
0.74
|
|
Overhead to Avg. Assets (median %)
|
3.19
|
3.05
|
3.15
|
3.13
|
3.11
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|
|
|
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Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Loans to Assets (median %)
|
72.8
|
73.0
|
70.4
|
72.8
|
70.4
|
|
Noncore Funding to Assets (median %)
|
31.2
|
30.5
|
28.1
|
31.2
|
28.1
|
|
Long-term Assets to Assets (median %, call filers)
|
18.2
|
18.3
|
15.4
|
18.2
|
15.4
|
|
Brokered Deposits (number of institutions)
|
100
|
89
|
78
|
100
|
78
|
|
Brokered Deposits to Assets (median % for those above)
|
6.8
|
6.1
|
4.6
|
6.8
|
4.6
|
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|
|
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Commercial and Industrial
|
76.7
|
74.9
|
78.2
|
76.7
|
78.2
|
|
Commercial Real Estate
|
322.2
|
326.6
|
292.2
|
322.2
|
292.2
|
|
Construction & Development
|
103.2
|
107.3
|
98.1
|
103.2
|
98.1
|
|
Multifamily Residential Real Estate
|
6.1
|
6.1
|
4.1
|
6.1
|
4.1
|
|
Nonresidential Real Estate
|
168.3
|
163.1
|
147.8
|
168.3
|
147.8
|
|
Residential Real Estate
|
232.2
|
225.3
|
208.1
|
232.2
|
208.1
|
|
Consumer
|
39.6
|
43.6
|
48.3
|
39.6
|
48.3
|
|
Agriculture
|
17.4
|
17.5
|
17.8
|
17.4
|
17.8
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BANKING PROFILE
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