Maine 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)
|
-1.9%
|
-0.3%
|
0.8%
|
-0.3%
|
0.5%
|
Manufacturing (10%)
|
-3.3%
|
-0.8%
|
0.6%
|
-0.9%
|
-1.0%
|
Other (non-manufacturing) Goods-Producing (5%)
|
-9.5%
|
-5.8%
|
-0.1%
|
-5.3%
|
-1.6%
|
Private Service-Producing (68%)
|
-1.3%
|
0.1%
|
1.0%
|
0.1%
|
1.1%
|
Government (17%)
|
-0.7%
|
-0.1%
|
0.0%
|
-0.1%
|
-0.2%
|
Unemployment Rate (% of labor force)
|
6.1%
|
5.5%
|
4.7%
|
5.4%
|
4.6%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-40.2%
|
-43.6%
|
-33.2%
|
-43.3%
|
-21.2%
|
Multifamily Building Permits
|
-42.4%
|
-50.7%
|
0.0%
|
-7.6%
|
10.4%
|
Home Price Index
|
-1.9%
|
1.0%
|
2.0%
|
0.8%
|
2.7%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.27
|
2.27
|
1.58
|
2.16
|
1.64
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
30
|
30
|
33
|
30
|
33
|
Total Assets (in millions)
|
18,487
|
18,257
|
63,030
|
18,487
|
63,030
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.67
|
2.12
|
2.02
|
2.67
|
2.02
|
ALLL/Total Loans (median %)
|
0.98
|
1.01
|
1.10
|
0.98
|
1.10
|
ALLL/Noncurrent Loans (median multiple)
|
0.88
|
0.91
|
1.28
|
0.88
|
1.28
|
Net Loan Losses / Total Loans (median %)
|
0.20
|
0.22
|
0.08
|
0.19
|
0.05
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
8.92
|
9.33
|
9.18
|
8.92
|
9.18
|
Return on Assets (median %)
|
0.31
|
0.28
|
0.46
|
0.33
|
0.50
|
Pretax Return on Assets (median %)
|
0.37
|
0.41
|
0.64
|
0.44
|
0.68
|
Net Interest Margin (median %)
|
3.52
|
3.57
|
3.29
|
3.51
|
3.27
|
Yield on Earning Assets (median %)
|
6.09
|
6.19
|
6.76
|
6.25
|
6.80
|
Cost of Funding Earning Assets (median %)
|
2.55
|
2.77
|
3.32
|
2.91
|
3.53
|
Provisions to Avg. Assets (median %)
|
0.32
|
0.15
|
0.14
|
0.21
|
0.10
|
Noninterest Income to Avg. Assets (median %)
|
0.53
|
0.65
|
0.57
|
0.59
|
0.64
|
Overhead to Avg. Assets (median %)
|
2.82
|
2.85
|
2.89
|
2.96
|
2.92
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
82.3
|
82.2
|
78.3
|
82.3
|
78.3
|
Noncore Funding to Assets (median %)
|
31.8
|
29.5
|
29.2
|
31.8
|
29.2
|
Long-term Assets to Assets (median %, call filers)
|
48.2
|
44.0
|
40.0
|
48.2
|
40.0
|
Brokered Deposits (number of institutions)
|
16
|
16
|
16
|
16
|
16
|
Brokered Deposits to Assets (median % for those above)
|
5.5
|
7.4
|
6.7
|
5.5
|
6.7
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
51.8
|
59.3
|
65.2
|
51.8
|
65.2
|
Commercial Real Estate
|
254.9
|
241.9
|
275.3
|
254.9
|
275.3
|
Construction & Development
|
34.2
|
33.6
|
39.7
|
34.2
|
39.7
|
Multifamily Residential Real Estate
|
12.1
|
11.6
|
10.1
|
12.1
|
10.1
|
Nonresidential Real Estate
|
202.8
|
195.7
|
201.3
|
202.8
|
201.3
|
Residential Real Estate
|
498.9
|
493.5
|
486.9
|
498.9
|
486.9
|
Consumer
|
20.5
|
20.9
|
19.2
|
20.5
|
19.2
|
Agriculture
|
1.5
|
1.0
|
1.0
|
1.5
|
1.0
|
|
|
|
|
|
|
BANKING PROFILE
|