Vermont 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)
|
-2.2%
|
-0.7%
|
0.0%
|
-0.7%
|
0.2%
|
Manufacturing (11%)
|
-5.5%
|
-2.5%
|
-1.8%
|
-3.0%
|
-0.9%
|
Other (non-manufacturing) Goods-Producing (5%)
|
-12.0%
|
-6.9%
|
-5.7%
|
-8.1%
|
-3.3%
|
Private Service-Producing (66%)
|
-1.5%
|
-0.1%
|
0.9%
|
0.1%
|
0.7%
|
Government (18%)
|
0.4%
|
0.7%
|
-0.4%
|
0.3%
|
0.4%
|
Unemployment Rate (% of labor force)
|
5.4%
|
4.7%
|
4.0%
|
4.8%
|
4.0%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-39.2%
|
-16.7%
|
-29.7%
|
-31.5%
|
-31.5%
|
Multifamily Building Permits
|
-10.9%
|
-44.2%
|
-58.2%
|
-18.4%
|
-25.5%
|
Home Price Index
|
0.1%
|
0.3%
|
2.2%
|
1.0%
|
3.8%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.18
|
1.90
|
1.42
|
1.97
|
1.34
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
15
|
15
|
16
|
15
|
16
|
Total Assets (in millions)
|
9,027
|
8,595
|
8,244
|
9,027
|
8,244
|
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 %)
|
2.34
|
1.94
|
2.06
|
2.34
|
2.06
|
ALLL/Total Loans (median %)
|
1.05
|
1.13
|
1.10
|
1.05
|
1.10
|
ALLL/Noncurrent Loans (median multiple)
|
1.22
|
1.14
|
1.65
|
1.22
|
1.65
|
Net Loan Losses / Total Loans (median %)
|
0.10
|
0.08
|
0.06
|
0.09
|
0.05
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
8.68
|
8.74
|
9.12
|
8.68
|
9.12
|
Return on Assets (median %)
|
0.53
|
0.66
|
0.83
|
0.67
|
0.80
|
Pretax Return on Assets (median %)
|
0.53
|
0.89
|
1.11
|
0.80
|
0.95
|
Net Interest Margin (median %)
|
4.16
|
4.28
|
4.23
|
4.17
|
4.16
|
Yield on Earning Assets (median %)
|
6.04
|
6.30
|
6.94
|
6.54
|
6.91
|
Cost of Funding Earning Assets (median %)
|
1.73
|
1.92
|
2.44
|
1.96
|
2.41
|
Provisions to Avg. Assets (median %)
|
0.15
|
0.09
|
0.05
|
0.10
|
0.06
|
Noninterest Income to Avg. Assets (median %)
|
0.67
|
0.85
|
0.81
|
0.80
|
0.78
|
Overhead to Avg. Assets (median %)
|
3.71
|
3.97
|
3.70
|
3.80
|
3.77
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
76.6
|
76.2
|
73.9
|
76.6
|
73.9
|
Noncore Funding to Assets (median %)
|
20.8
|
20.0
|
17.8
|
20.8
|
17.8
|
Long-term Assets to Assets (median %, call filers)
|
36.7
|
36.4
|
29.3
|
36.7
|
29.3
|
Brokered Deposits (number of institutions)
|
8
|
8
|
9
|
8
|
9
|
Brokered Deposits to Assets (median % for those above)
|
2.2
|
2.0
|
0.6
|
2.2
|
0.6
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
67.4
|
74.2
|
67.6
|
67.4
|
67.6
|
Commercial Real Estate
|
281.4
|
274.9
|
248.1
|
281.4
|
248.1
|
Construction & Development
|
41.8
|
42.4
|
37.7
|
41.8
|
37.7
|
Multifamily Residential Real Estate
|
21.9
|
22.3
|
18.5
|
21.9
|
18.5
|
Nonresidential Real Estate
|
213.4
|
210.0
|
201.5
|
213.4
|
201.5
|
Residential Real Estate
|
422.1
|
423.0
|
381.6
|
422.1
|
381.6
|
Consumer
|
23.4
|
24.5
|
23.6
|
23.4
|
23.6
|
Agriculture
|
7.0
|
5.7
|
4.8
|
7.0
|
4.8
|
|
|
|
|
|
|
BANKING PROFILE
|