Kentucky 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%
|
-0.7%
|
0.9%
|
-0.7%
|
1.1%
|
Manufacturing (13%)
|
-6.8%
|
-4.5%
|
-1.9%
|
-4.2%
|
-1.9%
|
Other (non-manufacturing) Goods-Producing (6%)
|
-1.6%
|
1.3%
|
3.0%
|
0.4%
|
1.3%
|
Private Service-Producing (64%)
|
-1.1%
|
0.0%
|
1.3%
|
-0.1%
|
1.6%
|
Government (17%)
|
-1.0%
|
-1.1%
|
1.2%
|
-0.2%
|
1.6%
|
Unemployment Rate (% of labor force)
|
7.2%
|
6.7%
|
5.4%
|
6.5%
|
5.5%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-43.8%
|
-28.9%
|
-25.6%
|
-40.8%
|
-18.1%
|
Multifamily Building Permits
|
18.2%
|
45.3%
|
-6.6%
|
20.7%
|
19.5%
|
Home Price Index
|
1.0%
|
1.7%
|
3.4%
|
2.1%
|
3.4%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.97
|
5.02
|
4.08
|
4.90
|
3.97
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
198
|
201
|
206
|
198
|
206
|
Total Assets (in millions)
|
50,977
|
48,972
|
48,169
|
50,977
|
48,169
|
New Institutions (# < 3 years)
|
3
|
4
|
4
|
3
|
4
|
Subchapter S Institutions
|
58
|
58
|
54
|
58
|
54
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.00
|
2.66
|
2.49
|
3.00
|
2.49
|
ALLL/Total Loans (median %)
|
1.22
|
1.20
|
1.22
|
1.22
|
1.22
|
ALLL/Noncurrent Loans (median multiple)
|
1.05
|
0.97
|
1.39
|
1.05
|
1.39
|
Net Loan Losses / Total Loans (median %)
|
0.26
|
0.15
|
0.23
|
0.23
|
0.17
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
10.09
|
10.23
|
10.09
|
10.09
|
10.09
|
Return on Assets (median %)
|
0.76
|
0.90
|
0.93
|
0.85
|
0.99
|
Pretax Return on Assets (median %)
|
0.90
|
1.16
|
1.20
|
1.06
|
1.30
|
Net Interest Margin (median %)
|
3.85
|
3.95
|
3.91
|
3.87
|
3.92
|
Yield on Earning Assets (median %)
|
6.17
|
6.42
|
7.12
|
6.45
|
7.11
|
Cost of Funding Earning Assets (median %)
|
2.36
|
2.48
|
3.23
|
2.59
|
3.20
|
Provisions to Avg. Assets (median %)
|
0.30
|
0.16
|
0.15
|
0.20
|
0.13
|
Noninterest Income to Avg. Assets (median %)
|
0.69
|
0.74
|
0.74
|
0.73
|
0.75
|
Overhead to Avg. Assets (median %)
|
3.04
|
2.96
|
3.00
|
3.00
|
3.01
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
69.4
|
69.5
|
66.8
|
69.4
|
66.8
|
Noncore Funding to Assets (median %)
|
27.2
|
27.4
|
24.8
|
27.2
|
24.8
|
Long-term Assets to Assets (median %, call filers)
|
24.7
|
24.6
|
21.3
|
24.7
|
21.3
|
Brokered Deposits (number of institutions)
|
60
|
59
|
57
|
60
|
57
|
Brokered Deposits to Assets (median % for those above)
|
3.9
|
4.1
|
3.1
|
3.9
|
3.1
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
49.9
|
53.1
|
51.1
|
49.9
|
51.1
|
Commercial Real Estate
|
213.1
|
217.3
|
198.6
|
213.1
|
198.6
|
Construction & Development
|
36.0
|
37.8
|
33.9
|
36.0
|
33.9
|
Multifamily Residential Real Estate
|
7.7
|
7.2
|
5.1
|
7.7
|
5.1
|
Nonresidential Real Estate
|
142.1
|
136.0
|
125.5
|
142.1
|
125.5
|
Residential Real Estate
|
269.8
|
263.8
|
258.3
|
269.8
|
258.3
|
Consumer
|
42.7
|
43.5
|
46.5
|
42.7
|
46.5
|
Agriculture
|
42.9
|
43.7
|
40.7
|
42.9
|
40.7
|
|
|
|
|
|
|
BANKING PROFILE
|