California 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)
|
-2.6%
|
-1.5%
|
0.4%
|
-1.2%
|
0.8%
|
|
Manufacturing (10%)
|
-3.9%
|
-2.8%
|
-1.9%
|
-2.7%
|
-1.7%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-14.0%
|
-12.6%
|
-5.6%
|
-11.4%
|
-4.1%
|
|
Private Service-Producing (68%)
|
-2.2%
|
-0.8%
|
1.1%
|
-0.6%
|
1.3%
|
|
Government (17%)
|
0.3%
|
0.8%
|
1.4%
|
1.0%
|
1.7%
|
|
Unemployment Rate (% of labor force)
|
8.3%
|
7.6%
|
5.8%
|
7.2%
|
5.4%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Single-Family Home Permits
|
-45.8%
|
-48.5%
|
-39.5%
|
-51.9%
|
-35.2%
|
|
Multifamily Building Permits
|
-29.3%
|
-51.4%
|
-29.5%
|
-28.3%
|
-22.5%
|
|
Home Price Index
|
-20.5%
|
-20.8%
|
-8.4%
|
-17.3%
|
-4.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.92
|
3.82
|
2.26
|
3.44
|
1.89
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Institutions (#)
|
311
|
312
|
312
|
311
|
312
|
|
Total Assets (in millions)
|
458,676
|
459,934
|
452,353
|
458,676
|
452,353
|
|
New Institutions (# < 3 years)
|
56
|
62
|
71
|
56
|
71
|
|
Subchapter S Institutions
|
23
|
23
|
26
|
23
|
26
|
| |
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.96
|
2.23
|
0.97
|
2.96
|
0.97
|
|
ALLL/Total Loans (median %)
|
1.53
|
1.41
|
1.25
|
1.53
|
1.25
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.71
|
0.81
|
1.45
|
0.71
|
1.45
|
|
Net Loan Losses / Total Loans (median %)
|
0.63
|
0.17
|
0.00
|
0.44
|
0.01
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
10.79
|
10.49
|
11.08
|
10.79
|
11.08
|
|
Return on Assets (median %)
|
-0.42
|
0.06
|
0.64
|
0.03
|
0.71
|
|
Pretax Return on Assets (median %)
|
-0.62
|
0.01
|
0.87
|
0.01
|
1.08
|
|
Net Interest Margin (median %)
|
3.90
|
4.10
|
4.47
|
4.01
|
4.56
|
|
Yield on Earning Assets (median %)
|
5.96
|
6.24
|
7.33
|
6.28
|
7.42
|
|
Cost of Funding Earning Assets (median %)
|
1.93
|
2.03
|
2.96
|
2.11
|
2.93
|
|
Provisions to Avg. Assets (median %)
|
1.20
|
0.66
|
0.32
|
0.92
|
0.27
|
|
Noninterest Income to Avg. Assets (median %)
|
0.29
|
0.34
|
0.36
|
0.34
|
0.37
|
|
Overhead to Avg. Assets (median %)
|
3.36
|
3.37
|
3.52
|
3.44
|
3.49
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Loans to Assets (median %)
|
77.3
|
77.4
|
75.2
|
77.3
|
75.2
|
|
Noncore Funding to Assets (median %)
|
32.8
|
32.0
|
26.8
|
32.8
|
26.8
|
|
Long-term Assets to Assets (median %, call filers)
|
19.1
|
18.1
|
15.7
|
19.1
|
15.7
|
|
Brokered Deposits (number of institutions)
|
212
|
198
|
156
|
212
|
156
|
|
Brokered Deposits to Assets (median % for those above)
|
8.6
|
8.0
|
5.7
|
8.6
|
5.7
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Commercial and Industrial
|
114.3
|
111.0
|
100.1
|
114.3
|
100.1
|
|
Commercial Real Estate
|
429.7
|
431.4
|
401.2
|
429.7
|
401.2
|
|
Construction & Development
|
69.8
|
76.9
|
73.4
|
69.8
|
73.4
|
|
Multifamily Residential Real Estate
|
16.9
|
15.9
|
12.6
|
16.9
|
12.6
|
|
Nonresidential Real Estate
|
261.6
|
260.6
|
234.3
|
261.6
|
234.3
|
|
Residential Real Estate
|
49.0
|
44.4
|
34.4
|
49.0
|
34.4
|
|
Consumer
|
4.7
|
4.7
|
4.5
|
4.7
|
4.5
|
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
|
Largest Deposit Markets (from 2007 Summary of Deposits)
|
Institutions in Market
|
Deposits ($ millions)
|
|
Asset Distribution
|
Institutions
|
|
Los Angeles-Long Beach-Santa Ana, CA
|
180
|
308,159
|
|
< $250 million
|
163 (52.4% )
|
|
San Francisco-Oakland-Fremont, CA
|
89
|
181,316
|
|
$250 million to $1 billion
|
87 (28% )
|
|
San Jose-Sunnyvale-Santa Clara, CA
|
56
|
51,876
|
|
$1 billion to $10 billion
|
52 (16.7% )
|
|
San Diego-Carlsbad-San Marcos, CA
|
65
|
47,797
|
|
> $10 billion
|
9 (2.9% )
|
|
Riverside-San Bernardino-Ontario, CA
|
70
|
37,360
|
|
|
|
| |
|
|
|
|
|
