West Virginia - Third Quarter 2008
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.3%
|
0.3%
|
0.1%
|
0.1%
|
1.3%
|
|
Manufacturing (8%)
|
-2.9%
|
-2.8%
|
-3.1%
|
-3.3%
|
-2.0%
|
|
Other (non-manufacturing) Goods-Producing (9%)
|
1.8%
|
-0.3%
|
-0.4%
|
-0.3%
|
7.3%
|
|
Private Service-Producing (64%)
|
0.3%
|
0.8%
|
0.7%
|
0.6%
|
1.1%
|
|
Government (19%)
|
0.8%
|
0.3%
|
-0.4%
|
0.3%
|
0.9%
|
|
Unemployment Rate (% of labor force)
|
4.3%
|
5.2%
|
4.7%
|
4.6%
|
4.7%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-33.1%
|
-38.5%
|
-17.4%
|
-22.2%
|
-11.0%
|
|
Multifamily Building Permits
|
474.4%
|
167.7%
|
-40.3%
|
217.5%
|
-28.6%
|
|
Home Price Index
|
0.0%
|
3.5%
|
3.0%
|
3.5%
|
7.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.82
|
3.02
|
2.36
|
2.40
|
1.61
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
67
|
68
|
68
|
68
|
70
|
|
Total Assets (in millions)
|
24,504
|
24,635
|
22,402
|
23,010
|
21,256
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
1
|
|
Subchapter S Institutions
|
5
|
5
|
5
|
5
|
5
|
| |
|
|
|
|
|
|
Asset Quality
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.42
|
2.68
|
2.19
|
2.40
|
2.32
|
|
ALLL/Total Loans (median %)
|
1.10
|
1.09
|
1.08
|
1.10
|
1.11
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.19
|
1.27
|
1.51
|
1.33
|
1.60
|
|
Net Loan Losses / Total Loans (median %)
|
0.14
|
0.11
|
0.15
|
0.12
|
0.09
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.86
|
9.89
|
10.02
|
9.96
|
10.35
|
|
Return on Assets (median %)
|
0.85
|
0.94
|
1.07
|
0.93
|
1.02
|
|
Pretax Return on Assets (median %)
|
1.22
|
1.29
|
1.41
|
1.38
|
1.45
|
|
Net Interest Margin (median %)
|
4.18
|
4.01
|
4.22
|
4.20
|
4.39
|
|
Yield on Earning Assets (median %)
|
6.31
|
6.31
|
7.14
|
7.04
|
6.75
|
|
Cost of Funding Earning Assets (median %)
|
2.31
|
2.40
|
2.94
|
2.84
|
2.38
|
|
Provisions to Avg. Assets (median %)
|
0.16
|
0.10
|
0.14
|
0.12
|
0.11
|
|
Noninterest Income to Avg. Assets (median %)
|
0.68
|
0.67
|
0.66
|
0.63
|
0.60
|
|
Overhead to Avg. Assets (median %)
|
2.88
|
2.89
|
2.99
|
3.02
|
3.01
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
67.6
|
66.8
|
69.9
|
68.9
|
69.9
|
|
Noncore Funding to Assets (median %)
|
19.1
|
18.6
|
18.7
|
19.4
|
18.4
|
|
Long-term Assets to Assets (median %, call filers)
|
28.1
|
28.0
|
26.0
|
26.3
|
24.2
|
|
Brokered Deposits (number of institutions)
|
21
|
20
|
17
|
19
|
21
|
|
Brokered Deposits to Assets (median % for those above)
|
2.9
|
2.5
|
3.4
|
2.6
|
2.4
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Commercial and Industrial
|
64.4
|
69.4
|
70.8
|
70.4
|
70.5
|
|
Commercial Real Estate
|
188.6
|
180.1
|
153.6
|
163.8
|
164.0
|
|
Construction & Development
|
32.3
|
32.4
|
21.5
|
24.1
|
22.9
|
|
Multifamily Residential Real Estate
|
5.8
|
6.1
|
5.5
|
5.6
|
3.1
|
|
Nonresidential Real Estate
|
136.3
|
130.6
|
108.9
|
123.8
|
121.5
|
|
Residential Real Estate
|
284.9
|
283.6
|
273.6
|
277.3
|
291.7
|
|
Consumer
|
54.4
|
54.7
|
60.7
|
61.1
|
66.2
|
|
Agriculture
|
4.0
|
2.7
|
1.5
|
2.0
|
2.2
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
