Connecticut 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
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2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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-3.0%
|
-1.3%
|
1.2%
|
0.1%
|
1.0%
|
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Manufacturing (11%)
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-4.5%
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-2.1%
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-1.9%
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-1.7%
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-1.4%
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Other (non-manufacturing) Goods-Producing (4%)
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-21.1%
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-11.1%
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1.2%
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-5.0%
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2.1%
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Private Service-Producing (70%)
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-2.3%
|
-0.9%
|
1.5%
|
0.4%
|
1.3%
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Government (15%)
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-0.7%
|
0.2%
|
2.0%
|
1.3%
|
1.4%
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Unemployment Rate (% of labor force)
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7.4%
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6.3%
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5.2%
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5.7%
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4.6%
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Other Indicators
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Q1-09
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Q4-08
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Q1-08
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2008
|
2007
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Single-Family Home Permits
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-68.1%
|
-54.7%
|
-17.1%
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-41.8%
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-23.8%
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Multifamily Building Permits
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-38.3%
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66.8%
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-5.1%
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6.4%
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-5.8%
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Home Price Index
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-4.2%
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-4.2%
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-0.9%
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-2.6%
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1.2%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
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2.47
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2.24
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2.06
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2.24
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1.61
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BANKING TRENDS
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General Information
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Q1-09
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Q4-08
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Q1-08
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2008
|
2007
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Institutions (#)
|
58
|
58
|
56
|
58
|
56
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Total Assets (in millions)
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74,019
|
74,473
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73,296
|
74,473
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64,864
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New Institutions (# < 3 years)
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5
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5
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3
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5
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2
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Subchapter S Institutions
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1
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1
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1
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1
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1
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|
|
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|
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Asset Quality
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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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Past-Due and Nonaccrual Loans / Total Loans (median %)
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2.41
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2.08
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1.56
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2.08
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1.27
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ALLL/Total Loans (median %)
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1.01
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1.03
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0.98
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1.03
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0.97
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ALLL/Noncurrent Loans (median multiple)
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0.77
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0.93
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1.23
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0.93
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1.41
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Net Loan Losses / Total Loans (median %)
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0.05
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0.06
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0.00
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0.06
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0.02
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Capital / Earnings
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Q1-09
|
Q4-08
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Q1-08
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2008
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2007
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Tier 1 Leverage (median %)
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9.09
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9.38
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10.05
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9.38
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9.90
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Return on Assets (median %)
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0.39
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0.41
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0.51
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0.22
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0.56
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Pretax Return on Assets (median %)
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0.59
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0.34
|
0.77
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0.26
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0.73
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Net Interest Margin (median %)
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3.30
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3.40
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3.31
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3.38
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3.42
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Yield on Earning Assets (median %)
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5.48
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5.74
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6.06
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5.89
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6.26
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Cost of Funding Earning Assets (median %)
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2.02
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2.25
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2.71
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2.42
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2.93
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Provisions to Avg. Assets (median %)
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0.20
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0.32
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0.06
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0.18
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0.04
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Noninterest Income to Avg. Assets (median %)
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0.52
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0.43
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0.51
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0.53
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0.55
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Overhead to Avg. Assets (median %)
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2.92
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3.06
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2.98
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2.92
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2.98
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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 %)
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71.8
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73.6
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71.6
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73.6
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72.6
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Noncore Funding to Assets (median %)
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28.9
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29.4
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25.3
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29.4
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24.2
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Long-term Assets to Assets (median %, call filers)
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42.2
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40.1
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40.1
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40.1
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38.7
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Brokered Deposits (number of institutions)
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33
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31
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22
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31
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21
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Brokered Deposits to Assets (median % for those above)
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2.6
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3.3
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1.8
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3.3
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2.1
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
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Q4-08
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Q1-08
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2008
|
2007
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Commercial and Industrial
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56.3
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55.2
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50.3
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55.2
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49.3
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Commercial Real Estate
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235.8
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230.5
|
195.3
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230.5
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192.1
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Construction & Development
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44.2
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40.5
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45.5
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40.5
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40.0
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Multifamily Residential Real Estate
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8.0
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8.3
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8.4
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8.3
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7.6
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Nonresidential Real Estate
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161.8
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159.1
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134.6
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159.1
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131.8
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Residential Real Estate
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463.2
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435.0
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373.0
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435.0
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384.4
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Consumer
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5.5
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5.7
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6.6
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5.7
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5.3
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Agriculture
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0.0
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0.0
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0.0
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0.0
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0.0
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BANKING PROFILE
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