Maryland and Washington, D.C. - 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)
|
1.0%
|
1.1%
|
0.9%
|
0.8%
|
1.3%
|
|
Manufacturing (5%)
|
-3.2%
|
-2.6%
|
-2.6%
|
-2.4%
|
-2.9%
|
|
Other (non-manufacturing) Goods-Producing (7%)
|
-1.3%
|
-1.0%
|
0.2%
|
-0.1%
|
2.9%
|
|
Private Service-Producing (69%)
|
1.5%
|
1.5%
|
0.9%
|
0.9%
|
1.5%
|
|
Government (18%)
|
1.2%
|
1.6%
|
2.1%
|
1.7%
|
1.1%
|
|
Unemployment Rate (% of labor force)
|
4.5%
|
3.9%
|
3.6%
|
3.6%
|
3.8%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-44.6%
|
-39.2%
|
-6.8%
|
-27.2%
|
-20.0%
|
|
Multifamily Building Permits
|
202.2%
|
-34.6%
|
-74.4%
|
-27.5%
|
20.7%
|
|
Home Price Index
|
-6.1%
|
-4.0%
|
1.8%
|
3.1%
|
13.7%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.85
|
2.94
|
2.52
|
2.38
|
1.65
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
103
|
104
|
104
|
105
|
119
|
|
Total Assets (in millions)
|
43,869
|
43,375
|
40,984
|
41,827
|
55,348
|
|
New Institutions (# < 3 years)
|
3
|
4
|
5
|
4
|
7
|
|
Subchapter S Institutions
|
5
|
5
|
6
|
6
|
5
|
| |
|
|
|
|
|
|
Asset Quality
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.88
|
3.03
|
1.65
|
1.81
|
1.01
|
|
ALLL/Total Loans (median %)
|
0.86
|
0.88
|
0.87
|
0.88
|
0.92
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.64
|
0.58
|
1.33
|
1.14
|
1.94
|
|
Net Loan Losses / Total Loans (median %)
|
0.06
|
0.04
|
0.00
|
0.02
|
0.01
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.93
|
10.01
|
10.26
|
10.09
|
9.62
|
|
Return on Assets (median %)
|
0.36
|
0.48
|
0.60
|
0.55
|
0.81
|
|
Pretax Return on Assets (median %)
|
0.49
|
0.59
|
0.91
|
0.78
|
1.30
|
|
Net Interest Margin (median %)
|
3.57
|
3.49
|
3.72
|
3.73
|
4.07
|
|
Yield on Earning Assets (median %)
|
6.05
|
6.14
|
6.85
|
6.78
|
6.43
|
|
Cost of Funding Earning Assets (median %)
|
2.57
|
2.68
|
3.39
|
3.33
|
2.70
|
|
Provisions to Avg. Assets (median %)
|
0.27
|
0.13
|
0.06
|
0.09
|
0.04
|
|
Noninterest Income to Avg. Assets (median %)
|
0.31
|
0.30
|
0.33
|
0.33
|
0.45
|
|
Overhead to Avg. Assets (median %)
|
2.59
|
2.66
|
2.79
|
2.85
|
2.90
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
77.0
|
75.9
|
73.4
|
75.0
|
71.2
|
|
Noncore Funding to Assets (median %)
|
26.7
|
25.2
|
23.6
|
24.0
|
24.0
|
|
Long-term Assets to Assets (median %, call filers)
|
21.4
|
21.6
|
20.2
|
19.4
|
19.7
|
|
Brokered Deposits (number of institutions)
|
48
|
45
|
44
|
44
|
43
|
|
Brokered Deposits to Assets (median % for those above)
|
8.3
|
6.9
|
4.8
|
5.5
|
6.0
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Commercial and Industrial
|
58.3
|
57.6
|
53.4
|
61.5
|
62.2
|
|
Commercial Real Estate
|
303.6
|
305.5
|
305.7
|
312.2
|
279.9
|
|
Construction & Development
|
75.8
|
77.6
|
70.1
|
74.8
|
70.1
|
|
Multifamily Residential Real Estate
|
5.0
|
4.8
|
5.0
|
5.6
|
4.8
|
|
Nonresidential Real Estate
|
183.1
|
175.3
|
162.4
|
163.2
|
157.8
|
|
Residential Real Estate
|
319.4
|
312.1
|
285.5
|
299.9
|
282.1
|
|
Consumer
|
10.1
|
9.6
|
10.9
|
11.0
|
15.2
|
|
Agriculture
|
1.8
|
1.8
|
0.8
|
0.3
|
2.2
|
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BANKING PROFILE
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