Arizona - 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)
|
-1.9%
|
-0.8%
|
0.9%
|
1.2%
|
5.0%
|
|
Manufacturing (7%)
|
-2.0%
|
-2.1%
|
-2.8%
|
-2.2%
|
1.9%
|
|
Other (non-manufacturing) Goods-Producing (8%)
|
-15.0%
|
-11.9%
|
-6.9%
|
-5.8%
|
9.8%
|
|
Private Service-Producing (69%)
|
-0.9%
|
-0.2%
|
1.5%
|
2.0%
|
5.6%
|
|
Government (16%)
|
1.2%
|
3.4%
|
5.1%
|
3.5%
|
1.4%
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|
Unemployment Rate (% of labor force)
|
5.5%
|
4.4%
|
3.7%
|
3.8%
|
4.1%
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Other Indicators
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Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-48.1%
|
-48.8%
|
-29.2%
|
-33.0%
|
-29.6%
|
|
Multifamily Building Permits
|
-31.2%
|
10.0%
|
25.8%
|
13.2%
|
-14.8%
|
|
Home Price Index
|
-13.5%
|
-9.3%
|
-1.1%
|
0.5%
|
19.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.19
|
2.75
|
1.74
|
1.65
|
1.22
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BANKING TRENDS
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|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
56
|
57
|
56
|
57
|
55
|
|
Total Assets (in millions)
|
16,106
|
16,026
|
18,728
|
19,020
|
18,936
|
|
New Institutions (# < 3 years)
|
18
|
19
|
17
|
19
|
13
|
|
Subchapter S Institutions
|
4
|
4
|
5
|
4
|
8
|
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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 %)
|
3.46
|
1.96
|
0.59
|
1.17
|
0.15
|
|
ALLL/Total Loans (median %)
|
1.47
|
1.23
|
1.14
|
1.13
|
1.06
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.61
|
0.77
|
2.62
|
1.31
|
4.58
|
|
Net Loan Losses / Total Loans (median %)
|
0.25
|
0.03
|
0.00
|
0.03
|
0.00
|
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|
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Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.55
|
10.37
|
11.44
|
11.60
|
10.55
|
|
Return on Assets (median %)
|
-1.30
|
-0.60
|
0.27
|
0.35
|
0.93
|
|
Pretax Return on Assets (median %)
|
-1.65
|
-0.97
|
0.44
|
0.58
|
1.35
|
|
Net Interest Margin (median %)
|
4.07
|
4.21
|
5.04
|
4.82
|
5.14
|
|
Yield on Earning Assets (median %)
|
6.47
|
6.74
|
8.12
|
8.02
|
7.86
|
|
Cost of Funding Earning Assets (median %)
|
2.24
|
2.17
|
3.20
|
3.04
|
2.65
|
|
Provisions to Avg. Assets (median %)
|
0.97
|
0.90
|
0.27
|
0.30
|
0.15
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Noninterest Income to Avg. Assets (median %)
|
0.28
|
0.34
|
0.40
|
0.42
|
0.43
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Overhead to Avg. Assets (median %)
|
4.02
|
4.09
|
4.20
|
4.18
|
3.66
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
80.7
|
81.5
|
81.0
|
78.7
|
81.9
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|
Noncore Funding to Assets (median %)
|
34.1
|
31.5
|
21.8
|
29.1
|
21.8
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Long-term Assets to Assets (median %, call filers)
|
12.0
|
13.0
|
8.3
|
8.6
|
9.8
|
|
Brokered Deposits (number of institutions)
|
39
|
32
|
29
|
27
|
29
|
|
Brokered Deposits to Assets (median % for those above)
|
13.8
|
17.6
|
10.3
|
12.7
|
8.0
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Commercial and Industrial
|
73.1
|
65.3
|
65.9
|
71.3
|
71.9
|
|
Commercial Real Estate
|
449.0
|
455.0
|
474.3
|
448.2
|
463.6
|
|
Construction & Development
|
157.7
|
157.9
|
176.1
|
171.4
|
177.0
|
|
Multifamily Residential Real Estate
|
10.8
|
7.3
|
7.1
|
6.6
|
6.5
|
|
Nonresidential Real Estate
|
213.2
|
201.4
|
154.8
|
173.1
|
201.7
|
|
Residential Real Estate
|
75.7
|
71.2
|
53.7
|
56.5
|
60.9
|
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Consumer
|
6.2
|
5.8
|
5.5
|
6.0
|
8.0
|
|
Agriculture
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
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BANKING PROFILE
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