Georgia at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q4-08
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Q3-08
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Q4-07
|
2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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-2.7%
|
-1.3%
|
0.8%
|
-1.0%
|
1.4%
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Manufacturing (10%)
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-7.8%
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-5.5%
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-3.3%
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-5.4%
|
-3.6%
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Other (non-manufacturing) Goods-Producing (5%)
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-11.0%
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-8.7%
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-1.8%
|
-7.8%
|
0.9%
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Private Service-Producing (68%)
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-2.4%
|
-1.0%
|
1.4%
|
-0.7%
|
2.1%
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Government (17%)
|
1.6%
|
2.7%
|
1.9%
|
2.5%
|
2.0%
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Unemployment Rate (% of labor force)
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7.2%
|
6.4%
|
4.9%
|
6.2%
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4.6%
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Other Indicators
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Q4-08
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Q3-08
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Q4-07
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2008
|
2007
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Single-Family Home Permits
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-61.8%
|
-54.2%
|
-51.4%
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-52.5%
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-36.4%
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Multifamily Building Permits
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-56.4%
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-25.4%
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-38.8%
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-55.6%
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-2.5%
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Home Price Index
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-2.7%
|
-0.5%
|
2.7%
|
-0.1%
|
3.9%
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Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
6.79
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6.33
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5.54
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6.08
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5.07
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BANKING TRENDS
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General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
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|
Institutions (#)
|
334
|
339
|
352
|
334
|
352
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|
Total Assets (in millions)
|
300,481
|
283,542
|
284,714
|
300,481
|
284,714
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New Institutions (# < 3 years)
|
42
|
46
|
47
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42
|
47
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Subchapter S Institutions
|
80
|
81
|
76
|
80
|
76
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|
|
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|
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Asset Quality
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Q4-08
|
Q3-08
|
Q4-07
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
5.10
|
3.93
|
2.79
|
5.10
|
2.79
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ALLL/Total Loans (median %)
|
1.54
|
1.39
|
1.34
|
1.54
|
1.34
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ALLL/Noncurrent Loans (median multiple)
|
0.55
|
0.63
|
1.13
|
0.55
|
1.13
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Net Loan Losses / Total Loans (median %)
|
0.97
|
0.36
|
0.25
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0.61
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0.15
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Capital / Earnings
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Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
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Tier 1 Leverage (median %)
|
9.05
|
9.28
|
9.50
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9.05
|
9.50
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Return on Assets (median %)
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-0.50
|
0.14
|
0.64
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0.09
|
0.95
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Pretax Return on Assets (median %)
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-0.72
|
0.13
|
0.89
|
0.07
|
1.30
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Net Interest Margin (median %)
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3.17
|
3.47
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4.07
|
3.42
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4.20
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Yield on Earning Assets (median %)
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5.91
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6.29
|
7.79
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6.40
|
7.98
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Cost of Funding Earning Assets (median %)
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2.83
|
2.94
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3.82
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3.07
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3.79
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Provisions to Avg. Assets (median %)
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1.07
|
0.47
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0.42
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0.69
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0.28
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Noninterest Income to Avg. Assets (median %)
|
0.48
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0.51
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0.59
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0.53
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0.61
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Overhead to Avg. Assets (median %)
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2.99
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2.98
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2.98
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3.00
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2.98
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Liquidity / Sensitivity
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Q4-08
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Q3-08
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Q4-07
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2008
|
2007
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Loans to Assets (median %)
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73.9
|
75.3
|
74.9
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73.9
|
74.9
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Noncore Funding to Assets (median %)
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33.7
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32.5
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29.4
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33.7
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29.4
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Long-term Assets to Assets (median %, call filers)
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12.0
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11.8
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8.9
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12.0
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8.9
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Brokered Deposits (number of institutions)
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216
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220
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218
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216
|
218
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Brokered Deposits to Assets (median % for those above)
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13.3
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12.1
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9.6
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13.3
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9.6
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Loan Concentrations (median % of Tier 1 Capital)
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Q4-08
|
Q3-08
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Q4-07
|
2008
|
2007
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Commercial and Industrial
|
76.0
|
72.3
|
70.3
|
76.0
|
70.3
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Commercial Real Estate
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433.4
|
439.0
|
424.6
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433.4
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424.6
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Construction & Development
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157.2
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164.2
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188.5
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157.2
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188.5
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Multifamily Residential Real Estate
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7.8
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7.2
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7.2
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7.8
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7.2
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Nonresidential Real Estate
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220.6
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218.3
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187.4
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220.6
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187.4
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Residential Real Estate
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173.2
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159.6
|
139.5
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173.2
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139.5
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Consumer
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28.8
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29.1
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30.4
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28.8
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30.4
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Agriculture
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12.3
|
11.0
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9.8
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12.3
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9.8
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BANKING PROFILE
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