Pennsylvania 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)
|
-0.7%
|
0.0%
|
0.6%
|
0.1%
|
0.7%
|
Manufacturing (11%)
|
-4.0%
|
-2.1%
|
-1.5%
|
-2.3%
|
-1.7%
|
Other (non-manufacturing) Goods-Producing (5%)
|
-3.2%
|
-2.8%
|
0.7%
|
-1.9%
|
0.7%
|
Private Service-Producing (71%)
|
-0.4%
|
0.4%
|
1.1%
|
0.5%
|
1.3%
|
Government (13%)
|
1.3%
|
0.9%
|
-0.3%
|
0.6%
|
-0.1%
|
Unemployment Rate (% of labor force)
|
6.1%
|
5.5%
|
4.5%
|
5.4%
|
4.4%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-42.7%
|
-35.6%
|
-22.8%
|
-36.0%
|
-15.4%
|
Multifamily Building Permits
|
13.0%
|
-59.5%
|
-39.7%
|
-20.9%
|
-16.3%
|
Home Price Index
|
-0.8%
|
-0.4%
|
2.8%
|
0.6%
|
4.1%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.56
|
2.59
|
2.28
|
2.56
|
2.33
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
232
|
239
|
246
|
232
|
246
|
Total Assets (in millions)
|
415,624
|
406,224
|
478,759
|
415,624
|
478,759
|
New Institutions (# < 3 years)
|
11
|
15
|
16
|
11
|
16
|
Subchapter S Institutions
|
3
|
3
|
3
|
3
|
3
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.01
|
1.70
|
1.54
|
2.01
|
1.54
|
ALLL/Total Loans (median %)
|
1.06
|
0.99
|
0.99
|
1.06
|
0.99
|
ALLL/Noncurrent Loans (median multiple)
|
1.04
|
1.14
|
1.37
|
1.04
|
1.37
|
Net Loan Losses / Total Loans (median %)
|
0.09
|
0.02
|
0.03
|
0.07
|
0.04
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.16
|
9.23
|
9.80
|
9.16
|
9.80
|
Return on Assets (median %)
|
0.48
|
0.50
|
0.56
|
0.50
|
0.56
|
Pretax Return on Assets (median %)
|
0.53
|
0.67
|
0.70
|
0.66
|
0.73
|
Net Interest Margin (median %)
|
3.32
|
3.38
|
3.18
|
3.30
|
3.16
|
Yield on Earning Assets (median %)
|
5.74
|
5.89
|
6.34
|
5.91
|
6.23
|
Cost of Funding Earning Assets (median %)
|
2.50
|
2.62
|
3.24
|
2.67
|
3.19
|
Provisions to Avg. Assets (median %)
|
0.21
|
0.12
|
0.09
|
0.17
|
0.08
|
Noninterest Income to Avg. Assets (median %)
|
0.44
|
0.42
|
0.46
|
0.44
|
0.46
|
Overhead to Avg. Assets (median %)
|
2.65
|
2.60
|
2.67
|
2.62
|
2.64
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
70.4
|
69.4
|
66.9
|
70.4
|
66.9
|
Noncore Funding to Assets (median %)
|
24.8
|
25.0
|
22.9
|
24.8
|
22.9
|
Long-term Assets to Assets (median %, call filers)
|
39.6
|
38.9
|
39.5
|
39.6
|
39.5
|
Brokered Deposits (number of institutions)
|
81
|
79
|
70
|
81
|
70
|
Brokered Deposits to Assets (median % for those above)
|
2.8
|
2.3
|
1.8
|
2.8
|
1.8
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
55.6
|
54.5
|
53.7
|
55.6
|
53.7
|
Commercial Real Estate
|
206.2
|
204.0
|
184.0
|
206.2
|
184.0
|
Construction & Development
|
24.4
|
26.5
|
22.5
|
24.4
|
22.5
|
Multifamily Residential Real Estate
|
11.2
|
9.4
|
8.5
|
11.2
|
8.5
|
Nonresidential Real Estate
|
151.8
|
139.7
|
130.9
|
151.8
|
130.9
|
Residential Real Estate
|
336.6
|
325.8
|
314.9
|
336.6
|
314.9
|
Consumer
|
15.0
|
15.6
|
14.2
|
15.0
|
14.2
|
Agriculture
|
1.2
|
1.0
|
1.0
|
1.2
|
1.0
|
|
|
|
|
|
|
BANKING PROFILE
|