New York at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.4%
|
1.0%
|
1.3%
|
0.7%
|
1.3%
|
|
Manufacturing (6%)
|
-4.2%
|
-3.1%
|
-2.7%
|
-3.4%
|
-2.6%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
-1.4%
|
2.4%
|
4.6%
|
2.2%
|
4.3%
|
|
Private Service-Producing (73%)
|
-0.2%
|
1.2%
|
1.5%
|
1.0%
|
1.6%
|
|
Government (17%)
|
0.5%
|
1.3%
|
1.1%
|
0.7%
|
1.1%
|
|
Unemployment Rate (% of labor force)
|
6.3%
|
5.6%
|
4.6%
|
5.4%
|
4.5%
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|
|
|
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Other Indicators
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Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Single-Family Home Permits
|
-33.4%
|
-17.5%
|
-17.1%
|
-27.3%
|
-15.6%
|
|
Multifamily Building Permits
|
-73.8%
|
-36.6%
|
29.0%
|
1.3%
|
11.4%
|
|
Home Price Index
|
-4.3%
|
-2.4%
|
1.0%
|
-1.8%
|
2.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.36
|
2.45
|
1.98
|
2.34
|
1.97
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BANKING TRENDS
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|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Institutions (#)
|
196
|
195
|
196
|
196
|
196
|
|
Total Assets (in millions)
|
609,078
|
614,366
|
510,610
|
609,078
|
510,610
|
|
New Institutions (# < 3 years)
|
16
|
19
|
22
|
16
|
22
|
|
Subchapter S Institutions
|
6
|
8
|
8
|
6
|
8
|
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|
|
|
|
|
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Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.98
|
1.59
|
1.30
|
1.98
|
1.30
|
|
ALLL/Total Loans (median %)
|
1.01
|
0.97
|
0.93
|
1.01
|
0.93
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.07
|
1.10
|
1.46
|
1.07
|
1.46
|
|
Net Loan Losses / Total Loans (median %)
|
0.06
|
0.02
|
0.02
|
0.09
|
0.02
|
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|
|
|
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Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.30
|
9.67
|
10.01
|
9.30
|
10.01
|
|
Return on Assets (median %)
|
0.37
|
0.53
|
0.67
|
0.43
|
0.69
|
|
Pretax Return on Assets (median %)
|
0.51
|
0.80
|
0.93
|
0.60
|
0.99
|
|
Net Interest Margin (median %)
|
3.57
|
3.57
|
3.46
|
3.54
|
3.45
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Yield on Earning Assets (median %)
|
5.68
|
5.77
|
6.29
|
5.78
|
6.25
|
|
Cost of Funding Earning Assets (median %)
|
2.01
|
2.04
|
2.93
|
2.18
|
2.84
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Provisions to Avg. Assets (median %)
|
0.22
|
0.12
|
0.07
|
0.14
|
0.05
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Noninterest Income to Avg. Assets (median %)
|
0.44
|
0.51
|
0.52
|
0.51
|
0.54
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Overhead to Avg. Assets (median %)
|
2.96
|
2.92
|
3.06
|
3.03
|
3.02
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Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Loans to Assets (median %)
|
64.6
|
65.0
|
63.0
|
64.6
|
63.0
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Noncore Funding to Assets (median %)
|
23.7
|
23.0
|
19.8
|
23.7
|
19.8
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Long-term Assets to Assets (median %, call filers)
|
25.3
|
26.1
|
24.4
|
25.3
|
24.4
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Brokered Deposits (number of institutions)
|
77
|
67
|
62
|
77
|
62
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Brokered Deposits to Assets (median % for those above)
|
4.2
|
3.5
|
3.1
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4.2
|
3.1
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Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Commercial and Industrial
|
48.9
|
49.2
|
49.3
|
48.9
|
49.3
|
|
Commercial Real Estate
|
170.2
|
175.7
|
148.8
|
170.2
|
148.8
|
|
Construction & Development
|
17.4
|
16.6
|
15.8
|
17.4
|
15.8
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Multifamily Residential Real Estate
|
10.8
|
10.1
|
7.4
|
10.8
|
7.4
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Nonresidential Real Estate
|
120.3
|
115.2
|
102.6
|
120.3
|
102.6
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Residential Real Estate
|
237.9
|
229.7
|
202.7
|
237.9
|
202.7
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Consumer
|
4.8
|
6.4
|
7.3
|
4.8
|
7.3
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Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
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0.0
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BANKING PROFILE
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