West Virginia 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)
|
-0.3%
|
0.6%
|
0.4%
|
0.4%
|
0.3%
|
Manufacturing (7%)
|
-5.4%
|
-4.8%
|
-3.4%
|
-4.5%
|
-3.3%
|
Other (non-manufacturing) Goods-Producing (9%)
|
3.1%
|
4.9%
|
-0.7%
|
2.4%
|
0.2%
|
Private Service-Producing (64%)
|
-0.7%
|
0.4%
|
1.2%
|
0.5%
|
0.7%
|
Government (19%)
|
1.4%
|
1.4%
|
-0.1%
|
1.0%
|
0.4%
|
Unemployment Rate (% of labor force)
|
4.4%
|
4.2%
|
4.4%
|
4.3%
|
4.3%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-51.7%
|
-33.1%
|
-16.8%
|
-35.4%
|
-22.2%
|
Multifamily Building Permits
|
-88.9%
|
474.4%
|
1485.3%
|
-5.2%
|
217.5%
|
Home Price Index
|
-0.5%
|
0.2%
|
2.9%
|
1.4%
|
3.5%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.90
|
2.82
|
2.39
|
2.83
|
2.40
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
66
|
67
|
68
|
66
|
68
|
Total Assets (in millions)
|
24,992
|
24,504
|
23,010
|
24,992
|
23,010
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
Subchapter S Institutions
|
5
|
5
|
5
|
5
|
5
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.03
|
2.42
|
2.40
|
3.03
|
2.40
|
ALLL/Total Loans (median %)
|
1.10
|
1.10
|
1.10
|
1.10
|
1.10
|
ALLL/Noncurrent Loans (median multiple)
|
1.03
|
1.19
|
1.33
|
1.03
|
1.33
|
Net Loan Losses / Total Loans (median %)
|
0.20
|
0.14
|
0.09
|
0.15
|
0.12
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.95
|
9.86
|
9.96
|
9.95
|
9.96
|
Return on Assets (median %)
|
0.88
|
0.85
|
0.84
|
0.87
|
0.93
|
Pretax Return on Assets (median %)
|
1.16
|
1.22
|
1.21
|
1.21
|
1.38
|
Net Interest Margin (median %)
|
4.19
|
4.18
|
4.25
|
4.12
|
4.20
|
Yield on Earning Assets (median %)
|
6.11
|
6.31
|
7.06
|
6.31
|
7.04
|
Cost of Funding Earning Assets (median %)
|
2.16
|
2.31
|
2.92
|
2.41
|
2.84
|
Provisions to Avg. Assets (median %)
|
0.15
|
0.16
|
0.10
|
0.15
|
0.12
|
Noninterest Income to Avg. Assets (median %)
|
0.65
|
0.68
|
0.71
|
0.65
|
0.63
|
Overhead to Avg. Assets (median %)
|
3.01
|
2.88
|
3.07
|
2.96
|
3.02
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
66.7
|
67.6
|
68.9
|
66.7
|
68.9
|
Noncore Funding to Assets (median %)
|
19.7
|
19.1
|
19.4
|
19.7
|
19.4
|
Long-term Assets to Assets (median %, call filers)
|
29.2
|
28.1
|
26.3
|
29.2
|
26.3
|
Brokered Deposits (number of institutions)
|
23
|
21
|
19
|
23
|
19
|
Brokered Deposits to Assets (median % for those above)
|
2.3
|
2.9
|
2.6
|
2.3
|
2.6
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
63.8
|
64.4
|
70.4
|
63.8
|
70.4
|
Commercial Real Estate
|
179.9
|
188.6
|
163.8
|
179.9
|
163.8
|
Construction & Development
|
34.0
|
32.3
|
24.1
|
34.0
|
24.1
|
Multifamily Residential Real Estate
|
6.7
|
5.8
|
5.6
|
6.7
|
5.6
|
Nonresidential Real Estate
|
133.0
|
136.3
|
123.8
|
133.0
|
123.8
|
Residential Real Estate
|
281.0
|
284.9
|
277.3
|
281.0
|
277.3
|
Consumer
|
54.6
|
54.4
|
61.1
|
54.6
|
61.1
|
Agriculture
|
4.5
|
4.0
|
2.0
|
4.5
|
2.0
|
|
|
|
|
|
|
BANKING PROFILE
|