Puerto Rico and the U.S. Virgin Islands at a Glance
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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)
|
-1.6%
|
-2.2%
|
-2.1%
|
-1.5%
|
-1.5%
|
|
Manufacturing (10%)
|
-5.8%
|
-4.2%
|
-3.0%
|
-4.6%
|
-3.0%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-12.0%
|
-8.9%
|
-6.6%
|
-10.1%
|
-5.0%
|
|
Private Service-Producing (55%)
|
-3.4%
|
-1.6%
|
-0.7%
|
-1.4%
|
-0.8%
|
|
Government (30%)
|
2.7%
|
-0.6%
|
-1.0%
|
0.6%
|
-1.0%
|
|
Unemployment Rate (% of labor force)
|
12.8%
|
11.8%
|
11.2%
|
11.5%
|
10.9%
|
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|
|
|
|
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Other Indicators
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|
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BANKING TRENDS
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|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Institutions (#)
|
12
|
12
|
13
|
12
|
13
|
|
Total Assets (in millions)
|
99,657
|
101,152
|
101,024
|
99,657
|
101,024
|
|
New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
1
|
|
Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
|
| |
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
10.43
|
8.88
|
6.86
|
10.43
|
6.86
|
|
ALLL/Total Loans (median %)
|
1.88
|
1.78
|
1.46
|
1.88
|
1.46
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.25
|
0.37
|
0.33
|
0.25
|
0.33
|
|
Net Loan Losses / Total Loans (median %)
|
1.14
|
0.70
|
0.76
|
0.94
|
0.77
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
6.88
|
7.11
|
6.84
|
6.88
|
6.84
|
|
Return on Assets (median %)
|
0.42
|
-0.07
|
0.42
|
0.28
|
0.20
|
|
Pretax Return on Assets (median %)
|
0.18
|
-0.05
|
0.35
|
0.13
|
0.17
|
|
Net Interest Margin (median %)
|
3.07
|
2.97
|
2.84
|
2.96
|
2.86
|
|
Yield on Earning Assets (median %)
|
6.14
|
5.97
|
6.66
|
6.02
|
6.77
|
|
Cost of Funding Earning Assets (median %)
|
3.08
|
3.10
|
3.83
|
3.25
|
3.95
|
|
Provisions to Avg. Assets (median %)
|
0.88
|
0.85
|
0.89
|
0.91
|
0.84
|
|
Noninterest Income to Avg. Assets (median %)
|
0.43
|
0.52
|
0.36
|
0.48
|
0.44
|
|
Overhead to Avg. Assets (median %)
|
2.30
|
2.08
|
2.03
|
2.08
|
2.18
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|
|
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|
|
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Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Loans to Assets (median %)
|
64.4
|
64.8
|
66.3
|
64.4
|
66.3
|
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Noncore Funding to Assets (median %)
|
60.3
|
59.8
|
60.4
|
60.3
|
60.4
|
|
Long-term Assets to Assets (median %, call filers)
|
37.9
|
34.5
|
24.9
|
37.9
|
24.9
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Brokered Deposits (number of institutions)
|
11
|
11
|
11
|
11
|
11
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Brokered Deposits to Assets (median % for those above)
|
29.8
|
28.6
|
24.2
|
29.8
|
24.2
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Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Commercial and Industrial
|
91.3
|
96.9
|
129.0
|
91.3
|
129.0
|
|
Commercial Real Estate
|
241.5
|
242.7
|
283.7
|
241.5
|
283.7
|
|
Construction & Development
|
95.5
|
92.3
|
95.6
|
95.5
|
95.6
|
|
Multifamily Residential Real Estate
|
0.5
|
0.5
|
0.0
|
0.5
|
0.0
|
|
Nonresidential Real Estate
|
151.1
|
156.3
|
160.5
|
151.1
|
160.5
|
|
Residential Real Estate
|
241.2
|
242.4
|
282.7
|
241.2
|
282.7
|
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Consumer
|
44.2
|
41.7
|
49.1
|
44.2
|
49.1
|
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Agriculture
|
1.7
|
2.4
|
0.1
|
1.7
|
0.1
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BANKING PROFILE
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