South Carolina 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)
|
-2.9%
|
-1.0%
|
1.0%
|
-0.9%
|
2.0%
|
Manufacturing (13%)
|
-5.1%
|
-3.0%
|
-1.0%
|
-3.0%
|
-1.0%
|
Other (non-manufacturing) Goods-Producing (6%)
|
-9.0%
|
-8.5%
|
-4.6%
|
-8.6%
|
0.1%
|
Private Service-Producing (63%)
|
-2.7%
|
-0.7%
|
1.7%
|
-0.4%
|
2.8%
|
Government (18%)
|
0.5%
|
2.3%
|
2.6%
|
2.2%
|
1.8%
|
Unemployment Rate (% of labor force)
|
8.3%
|
7.2%
|
5.7%
|
6.9%
|
5.6%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-48.2%
|
-38.1%
|
-29.2%
|
-36.4%
|
-23.7%
|
Multifamily Building Permits
|
-65.6%
|
127.5%
|
8.9%
|
-24.4%
|
-14.2%
|
Home Price Index
|
0.3%
|
2.3%
|
4.2%
|
2.3%
|
5.5%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.04
|
1.93
|
1.66
|
1.84
|
1.62
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
88
|
90
|
93
|
88
|
93
|
Total Assets (in millions)
|
55,983
|
55,034
|
52,953
|
55,983
|
52,953
|
New Institutions (# < 3 years)
|
12
|
12
|
14
|
12
|
14
|
Subchapter S Institutions
|
5
|
5
|
5
|
5
|
5
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.45
|
2.79
|
1.53
|
3.45
|
1.53
|
ALLL/Total Loans (median %)
|
1.35
|
1.26
|
1.17
|
1.35
|
1.17
|
ALLL/Noncurrent Loans (median multiple)
|
0.71
|
0.78
|
1.64
|
0.71
|
1.64
|
Net Loan Losses / Total Loans (median %)
|
0.38
|
0.17
|
0.08
|
0.25
|
0.08
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.35
|
9.11
|
9.71
|
9.35
|
9.71
|
Return on Assets (median %)
|
0.10
|
0.37
|
0.60
|
0.38
|
0.83
|
Pretax Return on Assets (median %)
|
-0.04
|
0.55
|
0.96
|
0.46
|
1.25
|
Net Interest Margin (median %)
|
3.29
|
3.54
|
3.89
|
3.49
|
3.97
|
Yield on Earning Assets (median %)
|
5.93
|
6.24
|
7.33
|
6.29
|
7.36
|
Cost of Funding Earning Assets (median %)
|
2.68
|
2.81
|
3.57
|
2.90
|
3.53
|
Provisions to Avg. Assets (median %)
|
0.70
|
0.34
|
0.18
|
0.45
|
0.19
|
Noninterest Income to Avg. Assets (median %)
|
0.54
|
0.58
|
0.61
|
0.60
|
0.69
|
Overhead to Avg. Assets (median %)
|
3.06
|
3.01
|
3.12
|
2.94
|
3.10
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
77.2
|
77.0
|
75.9
|
77.2
|
75.9
|
Noncore Funding to Assets (median %)
|
33.8
|
32.3
|
28.5
|
33.8
|
28.5
|
Long-term Assets to Assets (median %, call filers)
|
16.1
|
16.1
|
14.4
|
16.1
|
14.4
|
Brokered Deposits (number of institutions)
|
53
|
53
|
45
|
53
|
45
|
Brokered Deposits to Assets (median % for those above)
|
14.1
|
13.3
|
9.1
|
14.1
|
9.1
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
71.9
|
73.0
|
71.6
|
71.9
|
71.6
|
Commercial Real Estate
|
392.5
|
393.9
|
350.5
|
392.5
|
350.5
|
Construction & Development
|
143.2
|
141.4
|
134.8
|
143.2
|
134.8
|
Multifamily Residential Real Estate
|
7.0
|
6.8
|
4.8
|
7.0
|
4.8
|
Nonresidential Real Estate
|
197.5
|
186.2
|
165.3
|
197.5
|
165.3
|
Residential Real Estate
|
236.8
|
237.0
|
200.4
|
236.8
|
200.4
|
Consumer
|
29.0
|
30.1
|
26.8
|
29.0
|
26.8
|
Agriculture
|
4.3
|
4.8
|
3.2
|
4.3
|
3.2
|
|
|
|
|
|
|
BANKING PROFILE
|