New Mexico 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
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-1.6%
|
-0.6%
|
1.0%
|
0.4%
|
1.4%
|
|
Manufacturing (4%)
|
-7.0%
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-4.6%
|
-5.6%
|
-4.7%
|
-1.9%
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|
Other (non-manufacturing) Goods-Producing (9%)
|
-9.1%
|
-4.6%
|
1.7%
|
-0.7%
|
1.2%
|
|
Private Service-Producing (63%)
|
-1.2%
|
-0.5%
|
1.2%
|
0.5%
|
2.7%
|
|
Government (23%)
|
1.1%
|
1.3%
|
1.2%
|
1.4%
|
-1.4%
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Unemployment Rate (% of labor force)
|
5.5%
|
4.6%
|
3.8%
|
4.2%
|
3.6%
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|
|
|
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Other Indicators
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Q1-09
|
Q4-08
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Q1-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-43.2%
|
-38.2%
|
-38.5%
|
-40.5%
|
-27.4%
|
|
Multifamily Building Permits
|
-12.8%
|
-44.6%
|
223.3%
|
4.5%
|
-25.3%
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|
Home Price Index
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-2.7%
|
-1.7%
|
3.1%
|
0.3%
|
7.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.63
|
2.33
|
1.92
|
2.20
|
1.66
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
54
|
54
|
54
|
54
|
53
|
|
Total Assets (in millions)
|
20,459
|
19,417
|
19,510
|
19,417
|
18,732
|
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New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
0
|
|
Subchapter S Institutions
|
29
|
29
|
28
|
29
|
28
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| |
|
|
|
|
|
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Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.54
|
2.03
|
1.56
|
2.03
|
1.33
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|
ALLL/Total Loans (median %)
|
1.39
|
1.35
|
1.34
|
1.35
|
1.30
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|
ALLL/Noncurrent Loans (median multiple)
|
1.11
|
1.24
|
2.02
|
1.24
|
2.93
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|
Net Loan Losses / Total Loans (median %)
|
0.06
|
0.15
|
0.03
|
0.11
|
0.07
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|
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
8.72
|
8.65
|
8.68
|
8.65
|
8.38
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Return on Assets (median %)
|
1.19
|
1.00
|
1.12
|
1.21
|
1.18
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Pretax Return on Assets (median %)
|
1.38
|
1.23
|
1.74
|
1.47
|
1.51
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Net Interest Margin (median %)
|
4.41
|
4.43
|
4.46
|
4.47
|
4.82
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Yield on Earning Assets (median %)
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5.80
|
6.18
|
6.88
|
6.44
|
7.41
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Cost of Funding Earning Assets (median %)
|
1.41
|
1.64
|
2.30
|
1.91
|
2.55
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Provisions to Avg. Assets (median %)
|
0.13
|
0.14
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0.06
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0.16
|
0.08
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Noninterest Income to Avg. Assets (median %)
|
0.72
|
0.64
|
0.71
|
0.71
|
0.73
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Overhead to Avg. Assets (median %)
|
3.08
|
3.23
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3.17
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3.23
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3.26
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Liquidity / Sensitivity
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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|
Loans to Assets (median %)
|
64.2
|
65.4
|
63.1
|
65.4
|
64.7
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Noncore Funding to Assets (median %)
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25.3
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24.3
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21.8
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24.3
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20.2
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Long-term Assets to Assets (median %, call filers)
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21.8
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19.3
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20.0
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19.3
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18.0
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Brokered Deposits (number of institutions)
|
15
|
15
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13
|
15
|
11
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Brokered Deposits to Assets (median % for those above)
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6.7
|
7.0
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3.3
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7.0
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3.4
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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Commercial and Industrial
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87.9
|
92.0
|
101.8
|
92.0
|
101.3
|
|
Commercial Real Estate
|
269.6
|
275.3
|
299.2
|
275.3
|
315.0
|
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Construction & Development
|
77.0
|
73.0
|
83.8
|
73.0
|
91.2
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Multifamily Residential Real Estate
|
11.6
|
10.0
|
6.9
|
10.0
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8.1
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Nonresidential Real Estate
|
167.8
|
178.2
|
168.2
|
178.2
|
171.4
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Residential Real Estate
|
133.3
|
125.5
|
111.0
|
125.5
|
111.5
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Consumer
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27.7
|
29.1
|
28.2
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29.1
|
28.6
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Agriculture
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12.7
|
12.3
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14.1
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12.3
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12.2
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BANKING PROFILE
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