Kentucky - Third Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.3%
|
0.4%
|
1.2%
|
1.2%
|
1.2%
|
|
Manufacturing (13%)
|
-3.0%
|
-3.1%
|
-2.4%
|
-1.9%
|
-0.5%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-0.4%
|
1.4%
|
1.9%
|
1.2%
|
0.3%
|
|
Private Service-Producing (63%)
|
0.3%
|
0.5%
|
1.8%
|
1.7%
|
1.7%
|
|
Government (18%)
|
3.0%
|
2.8%
|
2.1%
|
2.0%
|
1.4%
|
|
Unemployment Rate (% of labor force)
|
6.9%
|
6.0%
|
5.5%
|
5.5%
|
5.8%
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|
|
|
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Other Indicators
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-28.9%
|
-39.0%
|
-33.0%
|
-18.1%
|
-24.2%
|
|
Multifamily Building Permits
|
45.3%
|
64.3%
|
48.2%
|
19.5%
|
-7.7%
|
|
Home Price Index
|
1.5%
|
3.1%
|
3.2%
|
3.4%
|
3.8%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.02
|
4.82
|
3.99
|
3.97
|
2.90
|
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BANKING TRENDS
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|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
201
|
204
|
216
|
206
|
220
|
|
Total Assets (in millions)
|
48,972
|
48,776
|
46,857
|
48,169
|
45,731
|
|
New Institutions (# < 3 years)
|
4
|
4
|
6
|
4
|
6
|
|
Subchapter S Institutions
|
58
|
59
|
54
|
54
|
47
|
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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 %)
|
2.66
|
2.64
|
2.16
|
2.49
|
1.82
|
|
ALLL/Total Loans (median %)
|
1.20
|
1.22
|
1.21
|
1.22
|
1.25
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.97
|
1.01
|
1.55
|
1.39
|
2.05
|
|
Net Loan Losses / Total Loans (median %)
|
0.15
|
0.12
|
0.09
|
0.17
|
0.11
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| |
|
|
|
|
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Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.23
|
10.06
|
10.11
|
10.09
|
9.95
|
|
Return on Assets (median %)
|
0.90
|
0.96
|
1.04
|
0.99
|
1.05
|
|
Pretax Return on Assets (median %)
|
1.16
|
1.22
|
1.33
|
1.30
|
1.36
|
|
Net Interest Margin (median %)
|
3.95
|
3.88
|
3.96
|
3.92
|
4.02
|
|
Yield on Earning Assets (median %)
|
6.42
|
6.45
|
7.23
|
7.11
|
6.85
|
|
Cost of Funding Earning Assets (median %)
|
2.48
|
2.64
|
3.25
|
3.20
|
2.77
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Provisions to Avg. Assets (median %)
|
0.16
|
0.12
|
0.11
|
0.13
|
0.11
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Noninterest Income to Avg. Assets (median %)
|
0.74
|
0.72
|
0.78
|
0.75
|
0.71
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|
Overhead to Avg. Assets (median %)
|
2.96
|
2.94
|
2.96
|
3.01
|
3.01
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|
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
69.5
|
68.2
|
68.9
|
66.8
|
68.8
|
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Noncore Funding to Assets (median %)
|
27.4
|
26.4
|
24.2
|
24.8
|
23.6
|
|
Long-term Assets to Assets (median %, call filers)
|
24.6
|
23.4
|
20.1
|
21.3
|
19.5
|
|
Brokered Deposits (number of institutions)
|
59
|
57
|
57
|
57
|
63
|
|
Brokered Deposits to Assets (median % for those above)
|
3.9
|
3.2
|
3.2
|
3.1
|
3.0
|
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|
|
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Commercial and Industrial
|
53.1
|
54.4
|
46.3
|
51.1
|
49.0
|
|
Commercial Real Estate
|
217.3
|
198.7
|
198.4
|
198.6
|
179.7
|
|
Construction & Development
|
37.8
|
39.2
|
39.1
|
33.9
|
33.1
|
|
Multifamily Residential Real Estate
|
7.2
|
5.8
|
5.6
|
5.1
|
4.8
|
|
Nonresidential Real Estate
|
136.0
|
129.2
|
124.5
|
125.5
|
131.3
|
|
Residential Real Estate
|
263.8
|
263.7
|
256.3
|
258.3
|
253.9
|
|
Consumer
|
43.5
|
44.6
|
46.1
|
46.5
|
49.5
|
|
Agriculture
|
43.7
|
43.4
|
40.6
|
40.7
|
38.7
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BANKING PROFILE
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