Alabama 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)
|
-2.0%
|
-0.6%
|
1.4%
|
-0.6%
|
1.3%
|
Manufacturing (14%)
|
-6.3%
|
-3.8%
|
-1.4%
|
-3.9%
|
-2.2%
|
Other (non-manufacturing) Goods-Producing (6%)
|
-7.0%
|
-3.3%
|
2.3%
|
-3.3%
|
2.2%
|
Private Service-Producing (60%)
|
-1.4%
|
-0.2%
|
1.8%
|
-0.2%
|
2.0%
|
Government (19%)
|
1.2%
|
1.7%
|
1.8%
|
1.7%
|
1.8%
|
Unemployment Rate (% of labor force)
|
6.1%
|
5.2%
|
3.7%
|
5.0%
|
3.5%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-46.1%
|
-40.1%
|
-30.5%
|
-38.5%
|
-21.9%
|
Multifamily Building Permits
|
-19.5%
|
-69.7%
|
-3.2%
|
-27.8%
|
-21.3%
|
Home Price Index
|
1.7%
|
2.9%
|
4.1%
|
3.1%
|
5.6%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
6.97
|
6.72
|
5.36
|
6.22
|
5.09
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
157
|
159
|
160
|
157
|
160
|
Total Assets (in millions)
|
272,123
|
268,334
|
248,598
|
272,123
|
248,598
|
New Institutions (# < 3 years)
|
12
|
13
|
13
|
12
|
13
|
Subchapter S Institutions
|
42
|
42
|
39
|
42
|
39
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.51
|
3.02
|
2.48
|
3.51
|
2.48
|
ALLL/Total Loans (median %)
|
1.24
|
1.18
|
1.20
|
1.24
|
1.20
|
ALLL/Noncurrent Loans (median multiple)
|
0.83
|
1.01
|
1.22
|
0.83
|
1.22
|
Net Loan Losses / Total Loans (median %)
|
0.33
|
0.20
|
0.20
|
0.28
|
0.14
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.90
|
10.26
|
10.23
|
9.90
|
10.23
|
Return on Assets (median %)
|
0.43
|
0.78
|
0.85
|
0.67
|
0.95
|
Pretax Return on Assets (median %)
|
0.53
|
1.03
|
1.05
|
0.83
|
1.23
|
Net Interest Margin (median %)
|
3.62
|
3.72
|
3.89
|
3.68
|
3.92
|
Yield on Earning Assets (median %)
|
6.08
|
6.29
|
7.28
|
6.30
|
7.30
|
Cost of Funding Earning Assets (median %)
|
2.44
|
2.59
|
3.40
|
2.72
|
3.35
|
Provisions to Avg. Assets (median %)
|
0.45
|
0.24
|
0.20
|
0.35
|
0.17
|
Noninterest Income to Avg. Assets (median %)
|
0.64
|
0.69
|
0.70
|
0.68
|
0.68
|
Overhead to Avg. Assets (median %)
|
2.98
|
2.83
|
3.01
|
2.91
|
2.88
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
66.8
|
67.5
|
64.5
|
66.8
|
64.5
|
Noncore Funding to Assets (median %)
|
31.8
|
30.8
|
28.4
|
31.8
|
28.4
|
Long-term Assets to Assets (median %, call filers)
|
21.3
|
22.5
|
18.6
|
21.3
|
18.6
|
Brokered Deposits (number of institutions)
|
81
|
77
|
61
|
81
|
61
|
Brokered Deposits to Assets (median % for those above)
|
5.1
|
5.0
|
4.1
|
5.1
|
4.1
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
77.3
|
77.4
|
82.3
|
77.3
|
82.3
|
Commercial Real Estate
|
287.3
|
284.1
|
244.0
|
287.3
|
244.0
|
Construction & Development
|
73.2
|
75.4
|
62.8
|
73.2
|
62.8
|
Multifamily Residential Real Estate
|
6.8
|
6.5
|
4.6
|
6.8
|
4.6
|
Nonresidential Real Estate
|
159.5
|
147.8
|
142.5
|
159.5
|
142.5
|
Residential Real Estate
|
179.2
|
174.3
|
167.5
|
179.2
|
167.5
|
Consumer
|
43.3
|
45.5
|
50.2
|
43.3
|
50.2
|
Agriculture
|
14.6
|
14.9
|
13.7
|
14.6
|
13.7
|
|
|
|
|
|
|
BANKING PROFILE
|