New Mexico 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)
|
-0.6%
|
0.4%
|
1.4%
|
0.4%
|
1.4%
|
Manufacturing (4%)
|
-4.6%
|
-4.0%
|
-4.8%
|
-4.7%
|
-1.9%
|
Other (non-manufacturing) Goods-Producing (9%)
|
-4.6%
|
-0.5%
|
1.2%
|
-0.7%
|
1.2%
|
Private Service-Producing (63%)
|
-0.5%
|
0.5%
|
1.9%
|
0.5%
|
2.7%
|
Government (23%)
|
1.3%
|
1.6%
|
1.0%
|
1.4%
|
-1.4%
|
Unemployment Rate (% of labor force)
|
4.6%
|
4.3%
|
3.6%
|
4.2%
|
3.6%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-38.2%
|
-40.7%
|
-37.1%
|
-40.5%
|
-27.4%
|
Multifamily Building Permits
|
-44.6%
|
-11.0%
|
-49.3%
|
4.5%
|
-25.3%
|
Home Price Index
|
-1.9%
|
-0.4%
|
4.9%
|
0.7%
|
7.6%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.31
|
2.19
|
1.75
|
2.18
|
1.66
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
54
|
54
|
53
|
54
|
53
|
Total Assets (in millions)
|
19,442
|
19,309
|
18,732
|
19,442
|
18,732
|
New Institutions (# < 3 years)
|
1
|
1
|
0
|
1
|
0
|
Subchapter S Institutions
|
29
|
28
|
28
|
29
|
28
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.03
|
1.62
|
1.33
|
2.03
|
1.33
|
ALLL/Total Loans (median %)
|
1.35
|
1.35
|
1.30
|
1.35
|
1.30
|
ALLL/Noncurrent Loans (median multiple)
|
1.24
|
1.35
|
2.93
|
1.24
|
2.93
|
Net Loan Losses / Total Loans (median %)
|
0.15
|
0.07
|
0.10
|
0.12
|
0.07
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
8.65
|
8.76
|
8.38
|
8.65
|
8.38
|
Return on Assets (median %)
|
1.00
|
1.24
|
1.21
|
1.25
|
1.18
|
Pretax Return on Assets (median %)
|
1.23
|
1.48
|
1.55
|
1.47
|
1.51
|
Net Interest Margin (median %)
|
4.54
|
4.55
|
4.74
|
4.49
|
4.82
|
Yield on Earning Assets (median %)
|
6.20
|
6.50
|
7.35
|
6.46
|
7.41
|
Cost of Funding Earning Assets (median %)
|
1.64
|
1.86
|
2.54
|
1.91
|
2.55
|
Provisions to Avg. Assets (median %)
|
0.15
|
0.14
|
0.09
|
0.17
|
0.08
|
Noninterest Income to Avg. Assets (median %)
|
0.68
|
0.78
|
0.77
|
0.78
|
0.73
|
Overhead to Avg. Assets (median %)
|
3.26
|
3.22
|
3.37
|
3.26
|
3.26
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
65.4
|
65.1
|
64.7
|
65.4
|
64.7
|
Noncore Funding to Assets (median %)
|
24.3
|
22.2
|
20.2
|
24.3
|
20.2
|
Long-term Assets to Assets (median %, call filers)
|
19.3
|
19.4
|
18.0
|
19.3
|
18.0
|
Brokered Deposits (number of institutions)
|
15
|
13
|
11
|
15
|
11
|
Brokered Deposits to Assets (median % for those above)
|
7.0
|
6.4
|
3.4
|
7.0
|
3.4
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
91.5
|
88.5
|
101.3
|
91.5
|
101.3
|
Commercial Real Estate
|
275.3
|
274.4
|
315.0
|
275.3
|
315.0
|
Construction & Development
|
73.0
|
74.5
|
91.2
|
73.0
|
91.2
|
Multifamily Residential Real Estate
|
9.9
|
7.8
|
8.1
|
9.9
|
8.1
|
Nonresidential Real Estate
|
178.2
|
172.7
|
171.4
|
178.2
|
171.4
|
Residential Real Estate
|
125.5
|
119.5
|
111.5
|
125.5
|
111.5
|
Consumer
|
29.1
|
29.3
|
28.6
|
29.1
|
28.6
|
Agriculture
|
12.3
|
11.2
|
12.2
|
12.3
|
12.2
|
|
|
|
|
|
|
BANKING PROFILE
|