Florida 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)
|
-4.3%
|
-3.4%
|
-1.0%
|
-3.2%
|
0.2%
|
Manufacturing (5%)
|
-7.1%
|
-6.8%
|
-5.2%
|
-6.5%
|
-4.2%
|
Other (non-manufacturing) Goods-Producing (7%)
|
-17.9%
|
-17.8%
|
-13.1%
|
-17.0%
|
-8.7%
|
Private Service-Producing (74%)
|
-3.6%
|
-2.3%
|
0.2%
|
-2.2%
|
1.2%
|
Government (15%)
|
0.0%
|
0.2%
|
1.4%
|
0.5%
|
2.1%
|
Unemployment Rate (% of labor force)
|
7.2%
|
6.5%
|
4.7%
|
6.2%
|
4.1%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-46.2%
|
-40.8%
|
-49.9%
|
-45.6%
|
-50.9%
|
Multifamily Building Permits
|
-44.9%
|
-13.1%
|
-37.2%
|
-29.7%
|
-41.4%
|
Home Price Index
|
-19.5%
|
-16.4%
|
-5.6%
|
-14.3%
|
-1.0%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.83
|
3.64
|
2.54
|
3.39
|
2.16
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
307
|
311
|
317
|
307
|
317
|
Total Assets (in millions)
|
167,934
|
166,262
|
160,190
|
167,934
|
160,190
|
New Institutions (# < 3 years)
|
56
|
60
|
66
|
56
|
66
|
Subchapter S Institutions
|
75
|
79
|
78
|
75
|
78
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
5.03
|
3.74
|
1.98
|
5.03
|
1.98
|
ALLL/Total Loans (median %)
|
1.49
|
1.27
|
1.20
|
1.49
|
1.20
|
ALLL/Noncurrent Loans (median multiple)
|
0.49
|
0.52
|
0.94
|
0.49
|
0.94
|
Net Loan Losses / Total Loans (median %)
|
0.77
|
0.25
|
0.05
|
0.48
|
0.07
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.33
|
9.91
|
10.07
|
9.33
|
10.07
|
Return on Assets (median %)
|
-1.13
|
-0.32
|
0.27
|
-0.65
|
0.44
|
Pretax Return on Assets (median %)
|
-1.74
|
-0.44
|
0.33
|
-0.88
|
0.64
|
Net Interest Margin (median %)
|
3.16
|
3.47
|
3.78
|
3.36
|
3.83
|
Yield on Earning Assets (median %)
|
5.80
|
6.14
|
7.20
|
6.22
|
7.31
|
Cost of Funding Earning Assets (median %)
|
2.66
|
2.75
|
3.49
|
2.77
|
3.46
|
Provisions to Avg. Assets (median %)
|
1.29
|
0.64
|
0.41
|
0.85
|
0.26
|
Noninterest Income to Avg. Assets (median %)
|
0.28
|
0.30
|
0.39
|
0.32
|
0.38
|
Overhead to Avg. Assets (median %)
|
3.24
|
3.18
|
3.20
|
3.19
|
3.16
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
74.9
|
75.7
|
74.6
|
74.9
|
74.6
|
Noncore Funding to Assets (median %)
|
35.2
|
34.6
|
30.7
|
35.2
|
30.7
|
Long-term Assets to Assets (median %, call filers)
|
16.6
|
15.5
|
12.5
|
16.6
|
12.5
|
Brokered Deposits (number of institutions)
|
206
|
204
|
171
|
206
|
171
|
Brokered Deposits to Assets (median % for those above)
|
9.4
|
9.4
|
6.5
|
9.4
|
6.5
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
64.0
|
60.6
|
55.7
|
64.0
|
55.7
|
Commercial Real Estate
|
449.1
|
433.8
|
401.0
|
449.1
|
401.0
|
Construction & Development
|
115.5
|
113.0
|
124.9
|
115.5
|
124.9
|
Multifamily Residential Real Estate
|
15.2
|
15.0
|
11.9
|
15.2
|
11.9
|
Nonresidential Real Estate
|
259.9
|
232.1
|
206.5
|
259.9
|
206.5
|
Residential Real Estate
|
144.7
|
140.8
|
126.4
|
144.7
|
126.4
|
Consumer
|
8.6
|
8.3
|
9.2
|
8.6
|
9.2
|
Agriculture
|
0.6
|
0.5
|
0.0
|
0.6
|
0.0
|
|
|
|
|
|
|
BANKING PROFILE
|