Alaska 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)
|
1.6%
|
1.6%
|
1.1%
|
1.4%
|
0.9%
|
Manufacturing (4%)
|
1.8%
|
-1.9%
|
4.1%
|
0.0%
|
-0.9%
|
Other (non-manufacturing) Goods-Producing (10%)
|
3.1%
|
3.8%
|
2.7%
|
3.3%
|
3.4%
|
Private Service-Producing (60%)
|
1.4%
|
1.3%
|
0.7%
|
1.2%
|
0.9%
|
Government (26%)
|
1.4%
|
2.1%
|
1.3%
|
1.4%
|
0.3%
|
Unemployment Rate (% of labor force)
|
6.8%
|
6.7%
|
6.3%
|
6.6%
|
6.1%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-60.0%
|
-31.6%
|
-6.3%
|
-37.6%
|
-33.4%
|
Multifamily Building Permits
|
-72.9%
|
-64.8%
|
22.9%
|
-67.9%
|
-37.8%
|
Home Price Index
|
-0.8%
|
-0.3%
|
3.5%
|
0.1%
|
5.1%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.14
|
1.54
|
0.92
|
1.18
|
0.91
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
7
|
7
|
6
|
7
|
6
|
Total Assets (in millions)
|
31,485
|
31,298
|
4,402
|
31,485
|
4,402
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
4.12
|
3.78
|
3.77
|
4.12
|
3.77
|
ALLL/Total Loans (median %)
|
1.57
|
1.18
|
1.27
|
1.57
|
1.27
|
ALLL/Noncurrent Loans (median multiple)
|
0.55
|
0.53
|
1.11
|
0.55
|
1.11
|
Net Loan Losses / Total Loans (median %)
|
0.44
|
0.84
|
0.25
|
0.34
|
0.12
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
8.58
|
8.29
|
10.12
|
8.58
|
10.12
|
Return on Assets (median %)
|
0.58
|
1.11
|
0.99
|
1.14
|
1.13
|
Pretax Return on Assets (median %)
|
0.78
|
1.34
|
1.37
|
1.17
|
1.64
|
Net Interest Margin (median %)
|
5.10
|
4.97
|
5.28
|
4.95
|
5.37
|
Yield on Earning Assets (median %)
|
6.07
|
6.34
|
7.11
|
6.24
|
7.27
|
Cost of Funding Earning Assets (median %)
|
1.12
|
1.29
|
2.25
|
1.44
|
2.33
|
Provisions to Avg. Assets (median %)
|
0.60
|
0.28
|
0.24
|
0.45
|
0.18
|
Noninterest Income to Avg. Assets (median %)
|
0.87
|
0.94
|
0.82
|
0.91
|
0.93
|
Overhead to Avg. Assets (median %)
|
3.93
|
3.66
|
3.61
|
3.76
|
3.56
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
62.8
|
57.8
|
58.4
|
62.8
|
58.4
|
Noncore Funding to Assets (median %)
|
20.2
|
20.4
|
20.3
|
20.2
|
20.3
|
Long-term Assets to Assets (median %, call filers)
|
28.4
|
31.9
|
31.8
|
28.4
|
31.8
|
Brokered Deposits (number of institutions)
|
2
|
2
|
2
|
2
|
2
|
Brokered Deposits to Assets (median % for those above)
|
1.1
|
2.1
|
1.9
|
1.1
|
1.9
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
86.4
|
81.8
|
118.7
|
86.4
|
118.7
|
Commercial Real Estate
|
392.4
|
341.3
|
423.1
|
392.4
|
423.1
|
Construction & Development
|
63.9
|
59.0
|
68.8
|
63.9
|
68.8
|
Multifamily Residential Real Estate
|
8.4
|
8.2
|
7.0
|
8.4
|
7.0
|
Nonresidential Real Estate
|
223.9
|
221.9
|
230.5
|
223.9
|
230.5
|
Residential Real Estate
|
152.6
|
148.4
|
119.5
|
152.6
|
119.5
|
Consumer
|
7.8
|
8.0
|
14.9
|
7.8
|
14.9
|
Agriculture
|
4.1
|
3.8
|
1.9
|
4.1
|
1.9
|
|
|
|
|
|
|
BANKING PROFILE
|