New York - 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%
|
0.5%
|
1.5%
|
1.4%
|
1.0%
|
|
Manufacturing (6%)
|
-3.2%
|
-3.2%
|
-2.5%
|
-2.5%
|
-2.2%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
-0.6%
|
-0.1%
|
4.4%
|
3.8%
|
3.8%
|
|
Private Service-Producing (73%)
|
0.6%
|
0.7%
|
1.7%
|
1.6%
|
1.4%
|
|
Government (17%)
|
0.5%
|
1.1%
|
1.7%
|
1.3%
|
-0.3%
|
|
Unemployment Rate (% of labor force)
|
5.6%
|
5.1%
|
4.6%
|
4.5%
|
4.6%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-17.5%
|
-23.6%
|
-13.5%
|
-15.6%
|
-14.9%
|
|
Multifamily Building Permits
|
-36.6%
|
140.8%
|
-1.0%
|
11.4%
|
-2.5%
|
|
Home Price Index
|
-2.7%
|
-0.8%
|
1.5%
|
2.1%
|
7.8%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.45
|
2.50
|
1.93
|
1.97
|
1.51
|
| |
|
|
|
|
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BANKING TRENDS
|
|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
195
|
195
|
199
|
196
|
199
|
|
Total Assets (in millions)
|
614,372
|
518,180
|
500,898
|
510,618
|
524,952
|
|
New Institutions (# < 3 years)
|
19
|
23
|
22
|
22
|
20
|
|
Subchapter S Institutions
|
8
|
8
|
8
|
8
|
9
|
| |
|
|
|
|
|
|
Asset Quality
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.59
|
1.50
|
1.27
|
1.30
|
1.11
|
|
ALLL/Total Loans (median %)
|
0.97
|
0.98
|
0.90
|
0.93
|
0.96
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.10
|
1.17
|
1.64
|
1.46
|
2.08
|
|
Net Loan Losses / Total Loans (median %)
|
0.02
|
0.01
|
0.01
|
0.02
|
0.02
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.67
|
9.72
|
9.97
|
10.01
|
9.84
|
|
Return on Assets (median %)
|
0.53
|
0.54
|
0.73
|
0.69
|
0.79
|
|
Pretax Return on Assets (median %)
|
0.80
|
0.82
|
1.07
|
0.99
|
1.14
|
|
Net Interest Margin (median %)
|
3.55
|
3.47
|
3.53
|
3.45
|
3.64
|
|
Yield on Earning Assets (median %)
|
5.77
|
5.77
|
6.31
|
6.25
|
6.02
|
|
Cost of Funding Earning Assets (median %)
|
2.05
|
2.17
|
2.96
|
2.84
|
2.52
|
|
Provisions to Avg. Assets (median %)
|
0.12
|
0.12
|
0.03
|
0.05
|
0.04
|
|
Noninterest Income to Avg. Assets (median %)
|
0.51
|
0.52
|
0.54
|
0.54
|
0.54
|
|
Overhead to Avg. Assets (median %)
|
2.92
|
2.97
|
2.98
|
3.02
|
2.87
|
| |
|
|
|
|
|
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
65.0
|
63.8
|
60.8
|
62.9
|
61.0
|
|
Noncore Funding to Assets (median %)
|
23.0
|
20.7
|
19.0
|
19.8
|
21.2
|
|
Long-term Assets to Assets (median %, call filers)
|
26.1
|
28.6
|
23.8
|
24.4
|
24.6
|
|
Brokered Deposits (number of institutions)
|
65
|
65
|
64
|
62
|
67
|
|
Brokered Deposits to Assets (median % for those above)
|
4.3
|
3.1
|
3.2
|
3.1
|
3.3
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Commercial and Industrial
|
49.2
|
46.8
|
44.3
|
49.3
|
46.9
|
|
Commercial Real Estate
|
175.7
|
163.9
|
155.2
|
148.8
|
156.1
|
|
Construction & Development
|
16.6
|
14.4
|
14.6
|
15.8
|
14.8
|
|
Multifamily Residential Real Estate
|
10.1
|
8.0
|
8.0
|
7.4
|
7.5
|
|
Nonresidential Real Estate
|
115.2
|
112.7
|
104.4
|
102.6
|
105.7
|
|
Residential Real Estate
|
229.7
|
208.0
|
189.2
|
202.7
|
184.7
|
|
Consumer
|
6.4
|
5.6
|
7.0
|
7.3
|
8.7
|
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
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BANKING PROFILE
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