Arizona 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)
|
-4.7%
|
-2.4%
|
0.8%
|
-2.1%
|
1.5%
|
Manufacturing (7%)
|
-4.4%
|
-4.5%
|
-1.6%
|
-4.0%
|
-2.1%
|
Other (non-manufacturing) Goods-Producing (8%)
|
-19.3%
|
-15.8%
|
-8.1%
|
-14.9%
|
-5.5%
|
Private Service-Producing (69%)
|
-4.5%
|
-1.5%
|
1.6%
|
-1.5%
|
2.5%
|
Government (17%)
|
2.0%
|
2.4%
|
3.5%
|
3.0%
|
3.1%
|
Unemployment Rate (% of labor force)
|
6.4%
|
5.9%
|
4.2%
|
5.5%
|
3.8%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-54.5%
|
-48.1%
|
-46.6%
|
-51.9%
|
-33.0%
|
Multifamily Building Permits
|
-64.6%
|
-31.2%
|
72.9%
|
-36.4%
|
13.2%
|
Home Price Index
|
-15.2%
|
-13.6%
|
-3.3%
|
-11.0%
|
0.4%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.30
|
3.19
|
1.89
|
2.83
|
1.65
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
57
|
56
|
57
|
57
|
57
|
Total Assets (in millions)
|
16,240
|
16,088
|
19,020
|
16,240
|
19,020
|
New Institutions (# < 3 years)
|
18
|
18
|
19
|
18
|
19
|
Subchapter S Institutions
|
4
|
4
|
4
|
4
|
4
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
4.34
|
3.46
|
1.17
|
4.34
|
1.17
|
ALLL/Total Loans (median %)
|
1.65
|
1.48
|
1.16
|
1.65
|
1.16
|
ALLL/Noncurrent Loans (median multiple)
|
0.53
|
0.61
|
1.31
|
0.53
|
1.31
|
Net Loan Losses / Total Loans (median %)
|
0.49
|
0.33
|
0.00
|
0.54
|
0.02
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
10.34
|
10.51
|
11.60
|
10.34
|
11.60
|
Return on Assets (median %)
|
-2.79
|
-1.67
|
0.13
|
-2.78
|
0.35
|
Pretax Return on Assets (median %)
|
-4.09
|
-2.29
|
0.13
|
-2.94
|
0.58
|
Net Interest Margin (median %)
|
3.81
|
4.07
|
4.61
|
4.08
|
4.82
|
Yield on Earning Assets (median %)
|
5.99
|
6.47
|
7.80
|
6.68
|
8.02
|
Cost of Funding Earning Assets (median %)
|
2.21
|
2.25
|
3.22
|
2.22
|
3.04
|
Provisions to Avg. Assets (median %)
|
1.75
|
1.18
|
0.46
|
1.49
|
0.30
|
Noninterest Income to Avg. Assets (median %)
|
0.22
|
0.28
|
0.38
|
0.30
|
0.42
|
Overhead to Avg. Assets (median %)
|
4.26
|
4.16
|
4.21
|
4.26
|
4.18
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
78.5
|
80.7
|
78.7
|
78.5
|
78.7
|
Noncore Funding to Assets (median %)
|
34.2
|
33.8
|
29.1
|
34.2
|
29.1
|
Long-term Assets to Assets (median %, call filers)
|
12.4
|
12.2
|
8.6
|
12.4
|
8.6
|
Brokered Deposits (number of institutions)
|
40
|
39
|
27
|
40
|
27
|
Brokered Deposits to Assets (median % for those above)
|
12.8
|
14.0
|
12.7
|
12.8
|
12.7
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
80.2
|
73.1
|
71.3
|
80.2
|
71.3
|
Commercial Real Estate
|
434.1
|
449.0
|
448.2
|
434.1
|
448.2
|
Construction & Development
|
152.1
|
161.7
|
171.4
|
152.1
|
171.4
|
Multifamily Residential Real Estate
|
9.7
|
10.8
|
6.6
|
9.7
|
6.6
|
Nonresidential Real Estate
|
230.8
|
214.2
|
173.1
|
230.8
|
173.1
|
Residential Real Estate
|
90.8
|
78.6
|
56.5
|
90.8
|
56.5
|
Consumer
|
7.5
|
6.2
|
6.0
|
7.5
|
6.0
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
|
|
|
|
|
BANKING PROFILE
|