Illinois - Third Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
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Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.1%
|
0.1%
|
0.7%
|
0.8%
|
1.2%
|
|
Manufacturing (11%)
|
-0.9%
|
-1.0%
|
-1.4%
|
-1.1%
|
-0.7%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-3.6%
|
-3.6%
|
-1.6%
|
-1.6%
|
2.6%
|
|
Private Service-Producing (70%)
|
0.2%
|
0.5%
|
1.3%
|
1.3%
|
1.7%
|
|
Government (14%)
|
-0.1%
|
0.2%
|
0.6%
|
0.6%
|
-0.1%
|
|
Unemployment Rate (% of labor force)
|
7.1%
|
6.2%
|
5.2%
|
5.0%
|
4.6%
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|
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Other Indicators
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-46.8%
|
-47.3%
|
-35.4%
|
-35.7%
|
-20.7%
|
|
Multifamily Building Permits
|
-40.0%
|
-25.5%
|
-23.1%
|
-10.5%
|
7.0%
|
|
Home Price Index
|
-2.6%
|
-0.5%
|
2.1%
|
2.9%
|
6.8%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.37
|
4.38
|
3.16
|
3.14
|
2.33
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BANKING TRENDS
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|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
659
|
661
|
678
|
670
|
685
|
|
Total Assets (in millions)
|
402,989
|
394,780
|
386,305
|
395,562
|
380,881
|
|
New Institutions (# < 3 years)
|
16
|
19
|
23
|
25
|
21
|
|
Subchapter S Institutions
|
233
|
236
|
232
|
229
|
224
|
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|
|
|
|
|
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Asset Quality
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.55
|
2.44
|
2.06
|
2.28
|
1.77
|
|
ALLL/Total Loans (median %)
|
1.07
|
1.04
|
1.03
|
1.01
|
1.04
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.76
|
0.81
|
1.08
|
1.01
|
1.50
|
|
Net Loan Losses / Total Loans (median %)
|
0.07
|
0.01
|
0.01
|
0.07
|
0.06
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|
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Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.50
|
9.50
|
9.71
|
9.62
|
9.50
|
|
Return on Assets (median %)
|
0.75
|
0.77
|
0.88
|
0.83
|
0.85
|
|
Pretax Return on Assets (median %)
|
0.91
|
0.93
|
1.08
|
1.00
|
1.08
|
|
Net Interest Margin (median %)
|
3.55
|
3.44
|
3.55
|
3.50
|
3.60
|
|
Yield on Earning Assets (median %)
|
6.00
|
5.99
|
6.72
|
6.61
|
6.30
|
|
Cost of Funding Earning Assets (median %)
|
2.45
|
2.59
|
3.22
|
3.15
|
2.74
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Provisions to Avg. Assets (median %)
|
0.11
|
0.08
|
0.05
|
0.08
|
0.06
|
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Noninterest Income to Avg. Assets (median %)
|
0.49
|
0.51
|
0.49
|
0.49
|
0.50
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Overhead to Avg. Assets (median %)
|
2.65
|
2.63
|
2.66
|
2.71
|
2.68
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
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Loans to Assets (median %)
|
66.6
|
64.7
|
65.1
|
65.4
|
64.3
|
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Noncore Funding to Assets (median %)
|
21.5
|
20.8
|
19.9
|
20.1
|
19.9
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Long-term Assets to Assets (median %, call filers)
|
18.0
|
18.3
|
14.6
|
15.1
|
12.6
|
|
Brokered Deposits (number of institutions)
|
255
|
247
|
258
|
248
|
260
|
|
Brokered Deposits to Assets (median % for those above)
|
4.6
|
4.0
|
4.0
|
4.1
|
4.9
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Loan Concentrations (median % of Tier 1 Capital)
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Commercial and Industrial
|
71.5
|
71.2
|
64.8
|
67.9
|
65.1
|
|
Commercial Real Estate
|
186.5
|
185.5
|
174.2
|
177.5
|
162.0
|
|
Construction & Development
|
31.0
|
30.6
|
29.3
|
31.2
|
28.6
|
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Multifamily Residential Real Estate
|
9.5
|
9.5
|
8.6
|
8.3
|
7.9
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Nonresidential Real Estate
|
112.5
|
111.3
|
104.2
|
107.8
|
104.5
|
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Residential Real Estate
|
184.5
|
177.4
|
169.4
|
170.9
|
172.2
|
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Consumer
|
27.5
|
28.1
|
30.5
|
30.1
|
30.8
|
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Agriculture
|
52.4
|
49.0
|
50.1
|
52.5
|
46.7
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BANKING PROFILE
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