Florida at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q1-09
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Q4-08
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Q1-08
|
2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-5.1%
|
-4.3%
|
-2.0%
|
-3.2%
|
0.2%
|
|
Manufacturing (5%)
|
-9.0%
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-7.1%
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-5.8%
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-6.5%
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-4.2%
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|
Other (non-manufacturing) Goods-Producing (6%)
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-19.3%
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-17.9%
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-15.2%
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-17.0%
|
-8.7%
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Private Service-Producing (74%)
|
-4.4%
|
-3.6%
|
-0.9%
|
-2.2%
|
1.2%
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|
Government (15%)
|
-0.2%
|
0.0%
|
1.2%
|
0.5%
|
2.1%
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Unemployment Rate (% of labor force)
|
9.4%
|
7.2%
|
5.2%
|
6.2%
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4.1%
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Other Indicators
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Q1-09
|
Q4-08
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Q1-08
|
2008
|
2007
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|
Single-Family Home Permits
|
-52.2%
|
-46.2%
|
-47.0%
|
-45.6%
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-50.9%
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|
Multifamily Building Permits
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-41.2%
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-44.9%
|
-34.6%
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-29.7%
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-41.4%
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Home Price Index
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-14.6%
|
-19.0%
|
-8.8%
|
-14.4%
|
-1.2%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.26
|
3.86
|
2.88
|
3.41
|
2.17
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
305
|
307
|
314
|
307
|
317
|
|
Total Assets (in millions)
|
170,372
|
167,586
|
164,596
|
167,586
|
160,190
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New Institutions (# < 3 years)
|
52
|
56
|
63
|
56
|
66
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|
Subchapter S Institutions
|
73
|
75
|
77
|
75
|
78
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|
|
|
|
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Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
6.35
|
5.06
|
2.63
|
5.06
|
1.98
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|
ALLL/Total Loans (median %)
|
1.51
|
1.50
|
1.23
|
1.50
|
1.20
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ALLL/Noncurrent Loans (median multiple)
|
0.42
|
0.50
|
0.75
|
0.50
|
0.94
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Net Loan Losses / Total Loans (median %)
|
0.38
|
0.77
|
0.03
|
0.48
|
0.07
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
9.10
|
9.17
|
10.10
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9.17
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10.07
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Return on Assets (median %)
|
-0.32
|
-1.36
|
0.19
|
-0.68
|
0.44
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Pretax Return on Assets (median %)
|
-0.49
|
-1.93
|
0.25
|
-0.99
|
0.64
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Net Interest Margin (median %)
|
2.99
|
3.16
|
3.53
|
3.36
|
3.83
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Yield on Earning Assets (median %)
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5.35
|
5.80
|
6.66
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6.22
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7.31
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Cost of Funding Earning Assets (median %)
|
2.41
|
2.66
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3.10
|
2.77
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3.46
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Provisions to Avg. Assets (median %)
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0.61
|
1.39
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0.29
|
0.92
|
0.26
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Noninterest Income to Avg. Assets (median %)
|
0.29
|
0.28
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0.37
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0.32
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0.38
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Overhead to Avg. Assets (median %)
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3.01
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3.28
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3.13
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3.21
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3.16
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Liquidity / Sensitivity
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Q1-09
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Q4-08
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Q1-08
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2008
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2007
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Loans to Assets (median %)
|
71.8
|
74.9
|
74.1
|
74.9
|
74.6
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Noncore Funding to Assets (median %)
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34.7
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35.2
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31.5
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35.2
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30.7
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Long-term Assets to Assets (median %, call filers)
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17.8
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16.7
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14.4
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16.7
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12.5
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Brokered Deposits (number of institutions)
|
205
|
206
|
179
|
206
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171
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Brokered Deposits to Assets (median % for those above)
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9.5
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9.4
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6.9
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9.4
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6.5
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
|
Q4-08
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Q1-08
|
2008
|
2007
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Commercial and Industrial
|
64.0
|
64.1
|
58.3
|
64.1
|
55.7
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Commercial Real Estate
|
450.9
|
449.9
|
424.4
|
449.9
|
401.0
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Construction & Development
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111.8
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116.0
|
129.8
|
116.0
|
124.9
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Multifamily Residential Real Estate
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17.1
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15.3
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14.2
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15.3
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11.9
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Nonresidential Real Estate
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267.9
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260.6
|
213.2
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260.6
|
206.5
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Residential Real Estate
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152.4
|
145.1
|
122.7
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145.1
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126.4
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Consumer
|
8.0
|
8.8
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8.7
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8.8
|
9.2
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Agriculture
|
0.7
|
0.6
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0.1
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0.6
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0.0
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BANKING PROFILE
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