Louisiana - 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)
|
1.0%
|
1.5%
|
3.6%
|
3.6%
|
-2.0%
|
|
Manufacturing (8%)
|
-1.5%
|
-0.2%
|
3.4%
|
3.5%
|
0.3%
|
|
Other (non-manufacturing) Goods-Producing (10%)
|
1.8%
|
2.4%
|
4.6%
|
3.3%
|
9.3%
|
|
Private Service-Producing (63%)
|
0.9%
|
1.4%
|
3.5%
|
3.9%
|
-2.4%
|
|
Government (19%)
|
1.8%
|
2.3%
|
3.6%
|
3.1%
|
-6.9%
|
|
Unemployment Rate (% of labor force)
|
4.6%
|
4.0%
|
3.8%
|
3.8%
|
4.0%
|
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|
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Other Indicators
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-39.1%
|
-24.1%
|
-20.1%
|
-25.7%
|
7.9%
|
|
Multifamily Building Permits
|
-15.6%
|
-36.3%
|
245.1%
|
62.3%
|
107.0%
|
|
Home Price Index
|
0.4%
|
2.7%
|
5.3%
|
6.1%
|
11.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.52
|
3.14
|
3.28
|
3.21
|
2.55
|
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BANKING TRENDS
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|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
162
|
161
|
164
|
162
|
166
|
|
Total Assets (in millions)
|
52,318
|
51,249
|
48,273
|
49,522
|
76,372
|
|
New Institutions (# < 3 years)
|
4
|
3
|
5
|
4
|
5
|
|
Subchapter S Institutions
|
58
|
57
|
52
|
51
|
49
|
| |
|
|
|
|
|
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Asset Quality
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.52
|
2.14
|
2.06
|
2.41
|
2.06
|
|
ALLL/Total Loans (median %)
|
1.07
|
1.07
|
1.10
|
1.11
|
1.21
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.12
|
1.14
|
1.73
|
1.53
|
1.74
|
|
Net Loan Losses / Total Loans (median %)
|
0.09
|
0.04
|
0.04
|
0.08
|
0.09
|
| |
|
|
|
|
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Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.81
|
9.79
|
10.16
|
9.76
|
9.64
|
|
Return on Assets (median %)
|
1.13
|
1.07
|
1.29
|
1.19
|
1.21
|
|
Pretax Return on Assets (median %)
|
1.46
|
1.44
|
1.63
|
1.53
|
1.61
|
|
Net Interest Margin (median %)
|
4.49
|
4.40
|
4.61
|
4.56
|
4.69
|
|
Yield on Earning Assets (median %)
|
6.49
|
6.57
|
7.38
|
7.20
|
6.82
|
|
Cost of Funding Earning Assets (median %)
|
2.14
|
2.30
|
2.84
|
2.75
|
2.30
|
|
Provisions to Avg. Assets (median %)
|
0.10
|
0.08
|
0.01
|
0.05
|
0.09
|
|
Noninterest Income to Avg. Assets (median %)
|
0.83
|
0.83
|
0.87
|
0.90
|
0.87
|
|
Overhead to Avg. Assets (median %)
|
3.35
|
3.35
|
3.36
|
3.41
|
3.43
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|
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|
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
65.9
|
66.3
|
64.7
|
65.0
|
61.0
|
|
Noncore Funding to Assets (median %)
|
22.8
|
22.5
|
20.4
|
21.3
|
21.1
|
|
Long-term Assets to Assets (median %, call filers)
|
14.3
|
15.5
|
12.7
|
12.5
|
12.0
|
|
Brokered Deposits (number of institutions)
|
38
|
34
|
36
|
36
|
32
|
|
Brokered Deposits to Assets (median % for those above)
|
2.8
|
1.3
|
1.8
|
1.4
|
1.7
|
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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
|
71.4
|
75.1
|
75.7
|
73.8
|
72.8
|
|
Commercial Real Estate
|
213.5
|
208.6
|
193.4
|
213.5
|
184.8
|
|
Construction & Development
|
47.8
|
47.2
|
45.6
|
50.6
|
38.7
|
|
Multifamily Residential Real Estate
|
5.7
|
5.6
|
4.7
|
5.0
|
3.8
|
|
Nonresidential Real Estate
|
125.0
|
134.2
|
131.5
|
129.9
|
124.6
|
|
Residential Real Estate
|
191.7
|
183.8
|
182.9
|
181.8
|
181.1
|
|
Consumer
|
50.3
|
51.4
|
51.9
|
52.4
|
52.2
|
|
Agriculture
|
13.9
|
13.3
|
13.4
|
11.1
|
12.6
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BANKING PROFILE
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