Connecticut 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)
|
-1.3%
|
-0.2%
|
1.0%
|
0.1%
|
1.0%
|
Manufacturing (11%)
|
-2.1%
|
-1.6%
|
-1.7%
|
-1.7%
|
-1.4%
|
Other (non-manufacturing) Goods-Producing (4%)
|
-11.1%
|
-6.0%
|
2.5%
|
-5.0%
|
2.1%
|
Private Service-Producing (70%)
|
-0.9%
|
0.2%
|
1.2%
|
0.4%
|
1.3%
|
Government (15%)
|
0.2%
|
0.9%
|
2.1%
|
1.3%
|
1.4%
|
Unemployment Rate (% of labor force)
|
6.3%
|
6.0%
|
4.9%
|
5.7%
|
4.6%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-54.7%
|
-42.5%
|
-21.5%
|
-41.8%
|
-23.8%
|
Multifamily Building Permits
|
66.8%
|
-38.3%
|
-24.5%
|
6.4%
|
-5.8%
|
Home Price Index
|
-4.5%
|
-3.7%
|
0.5%
|
-2.6%
|
1.4%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.24
|
2.31
|
1.64
|
2.23
|
1.61
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
58
|
58
|
56
|
58
|
56
|
Total Assets (in millions)
|
74,480
|
72,859
|
64,864
|
74,480
|
64,864
|
New Institutions (# < 3 years)
|
5
|
5
|
2
|
5
|
2
|
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 %)
|
2.02
|
1.69
|
1.27
|
2.02
|
1.27
|
ALLL/Total Loans (median %)
|
1.02
|
1.00
|
0.97
|
1.02
|
0.97
|
ALLL/Noncurrent Loans (median multiple)
|
0.94
|
1.01
|
1.41
|
0.94
|
1.41
|
Net Loan Losses / Total Loans (median %)
|
0.05
|
0.05
|
0.03
|
0.06
|
0.02
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.38
|
9.32
|
9.90
|
9.38
|
9.90
|
Return on Assets (median %)
|
0.48
|
-0.62
|
0.55
|
0.22
|
0.56
|
Pretax Return on Assets (median %)
|
0.36
|
-1.01
|
0.74
|
0.26
|
0.73
|
Net Interest Margin (median %)
|
3.40
|
3.43
|
3.41
|
3.38
|
3.42
|
Yield on Earning Assets (median %)
|
5.74
|
5.86
|
6.32
|
5.89
|
6.26
|
Cost of Funding Earning Assets (median %)
|
2.25
|
2.26
|
3.00
|
2.42
|
2.93
|
Provisions to Avg. Assets (median %)
|
0.30
|
0.15
|
0.04
|
0.18
|
0.04
|
Noninterest Income to Avg. Assets (median %)
|
0.44
|
0.48
|
0.55
|
0.53
|
0.55
|
Overhead to Avg. Assets (median %)
|
3.01
|
2.89
|
2.96
|
2.92
|
2.98
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
73.6
|
72.9
|
72.6
|
73.6
|
72.6
|
Noncore Funding to Assets (median %)
|
29.5
|
27.9
|
24.2
|
29.5
|
24.2
|
Long-term Assets to Assets (median %, call filers)
|
40.1
|
40.7
|
38.7
|
40.1
|
38.7
|
Brokered Deposits (number of institutions)
|
31
|
30
|
21
|
31
|
21
|
Brokered Deposits to Assets (median % for those above)
|
3.3
|
3.2
|
2.1
|
3.3
|
2.1
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
55.2
|
54.4
|
49.3
|
55.2
|
49.3
|
Commercial Real Estate
|
230.5
|
215.7
|
192.1
|
230.5
|
192.1
|
Construction & Development
|
40.5
|
43.1
|
40.0
|
40.5
|
40.0
|
Multifamily Residential Real Estate
|
8.3
|
8.0
|
7.6
|
8.3
|
7.6
|
Nonresidential Real Estate
|
159.1
|
156.5
|
131.8
|
159.1
|
131.8
|
Residential Real Estate
|
412.7
|
412.8
|
384.4
|
412.7
|
384.4
|
Consumer
|
5.7
|
5.9
|
5.3
|
5.7
|
5.3
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
|
|
|
|
|
BANKING PROFILE
|