Washington 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)
|
-0.9%
|
0.9%
|
2.6%
|
0.9%
|
2.6%
|
Manufacturing (10%)
|
-5.6%
|
-0.5%
|
2.5%
|
-0.8%
|
2.6%
|
Other (non-manufacturing) Goods-Producing (7%)
|
-7.5%
|
-4.5%
|
4.4%
|
-3.4%
|
6.3%
|
Private Service-Producing (65%)
|
-0.3%
|
1.3%
|
2.8%
|
1.3%
|
2.7%
|
Government (18%)
|
2.1%
|
2.5%
|
1.2%
|
2.2%
|
0.7%
|
Unemployment Rate (% of labor force)
|
6.2%
|
5.4%
|
4.6%
|
5.3%
|
4.5%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-45.7%
|
-38.1%
|
-27.4%
|
-41.3%
|
-14.8%
|
Multifamily Building Permits
|
-44.3%
|
-42.1%
|
41.9%
|
-35.3%
|
15.0%
|
Home Price Index
|
-3.8%
|
-2.0%
|
5.2%
|
-0.6%
|
7.9%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.54
|
3.39
|
2.45
|
3.22
|
2.33
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
97
|
97
|
97
|
97
|
97
|
Total Assets (in millions)
|
80,014
|
78,479
|
75,046
|
80,014
|
75,046
|
New Institutions (# < 3 years)
|
11
|
11
|
13
|
11
|
13
|
Subchapter S Institutions
|
13
|
13
|
11
|
13
|
11
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.93
|
2.17
|
1.42
|
3.93
|
1.42
|
ALLL/Total Loans (median %)
|
1.54
|
1.41
|
1.26
|
1.54
|
1.26
|
ALLL/Noncurrent Loans (median multiple)
|
0.56
|
0.71
|
1.59
|
0.56
|
1.59
|
Net Loan Losses / Total Loans (median %)
|
0.55
|
0.15
|
0.04
|
0.33
|
0.03
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.60
|
9.77
|
10.13
|
9.60
|
10.13
|
Return on Assets (median %)
|
-0.22
|
0.25
|
0.74
|
0.24
|
0.96
|
Pretax Return on Assets (median %)
|
-0.50
|
0.36
|
0.97
|
0.22
|
1.21
|
Net Interest Margin (median %)
|
3.77
|
4.08
|
4.49
|
4.04
|
4.67
|
Yield on Earning Assets (median %)
|
6.26
|
6.62
|
7.90
|
6.73
|
7.96
|
Cost of Funding Earning Assets (median %)
|
2.56
|
2.65
|
3.40
|
2.83
|
3.40
|
Provisions to Avg. Assets (median %)
|
0.90
|
0.48
|
0.31
|
0.64
|
0.22
|
Noninterest Income to Avg. Assets (median %)
|
0.36
|
0.42
|
0.48
|
0.47
|
0.47
|
Overhead to Avg. Assets (median %)
|
3.44
|
3.33
|
3.45
|
3.45
|
3.35
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
82.6
|
83.7
|
82.8
|
82.6
|
82.8
|
Noncore Funding to Assets (median %)
|
35.5
|
33.4
|
29.2
|
35.5
|
29.2
|
Long-term Assets to Assets (median %, call filers)
|
12.6
|
12.8
|
11.5
|
12.6
|
11.5
|
Brokered Deposits (number of institutions)
|
73
|
68
|
64
|
73
|
64
|
Brokered Deposits to Assets (median % for those above)
|
10.3
|
10.1
|
7.0
|
10.3
|
7.0
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
117.9
|
115.7
|
117.0
|
117.9
|
117.0
|
Commercial Real Estate
|
523.2
|
499.3
|
456.7
|
523.2
|
456.7
|
Construction & Development
|
168.7
|
180.6
|
172.0
|
168.7
|
172.0
|
Multifamily Residential Real Estate
|
22.6
|
22.8
|
19.0
|
22.6
|
19.0
|
Nonresidential Real Estate
|
249.3
|
238.4
|
211.9
|
249.3
|
211.9
|
Residential Real Estate
|
110.8
|
105.9
|
83.2
|
110.8
|
83.2
|
Consumer
|
13.7
|
14.0
|
12.4
|
13.7
|
12.4
|
Agriculture
|
6.2
|
4.3
|
2.3
|
6.2
|
2.3
|
|
|
|
|
|
|
BANKING PROFILE
|