Maine at a Glance
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-2.7%
|
-1.9%
|
0.6%
|
-0.3%
|
0.5%
|
|
Manufacturing (9%)
|
-6.9%
|
-3.3%
|
0.6%
|
-0.9%
|
-1.0%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-10.8%
|
-9.5%
|
-2.0%
|
-5.3%
|
-1.6%
|
|
Private Service-Producing (69%)
|
-1.9%
|
-1.3%
|
0.8%
|
0.1%
|
1.1%
|
|
Government (17%)
|
-1.1%
|
-0.7%
|
0.3%
|
-0.1%
|
-0.2%
|
|
Unemployment Rate (% of labor force)
|
7.9%
|
6.1%
|
4.9%
|
5.4%
|
4.6%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-41.4%
|
-40.2%
|
-41.5%
|
-43.3%
|
-21.2%
|
|
Multifamily Building Permits
|
-27.5%
|
-42.4%
|
-20.7%
|
-7.6%
|
10.4%
|
|
Home Price Index
|
-2.6%
|
-2.1%
|
1.8%
|
0.2%
|
2.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.36
|
2.27
|
1.66
|
2.17
|
1.64
|
| |
|
|
|
|
|
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BANKING TRENDS
|
|
General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
29
|
31
|
33
|
31
|
34
|
|
Total Assets (in millions)
|
42,002
|
40,198
|
79,671
|
40,198
|
81,080
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
| |
|
|
|
|
|
|
Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.59
|
2.67
|
1.99
|
2.67
|
1.87
|
|
ALLL/Total Loans (median %)
|
0.99
|
1.06
|
1.11
|
1.06
|
1.10
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.81
|
0.93
|
1.10
|
0.93
|
1.30
|
|
Net Loan Losses / Total Loans (median %)
|
0.10
|
0.17
|
0.05
|
0.16
|
0.08
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
8.88
|
8.77
|
9.16
|
8.77
|
8.81
|
|
Return on Assets (median %)
|
0.43
|
0.31
|
0.61
|
0.32
|
0.48
|
|
Pretax Return on Assets (median %)
|
0.60
|
0.33
|
0.85
|
0.42
|
0.66
|
|
Net Interest Margin (median %)
|
3.51
|
3.49
|
3.47
|
3.58
|
3.29
|
|
Yield on Earning Assets (median %)
|
5.76
|
6.07
|
6.49
|
6.22
|
6.79
|
|
Cost of Funding Earning Assets (median %)
|
2.25
|
2.53
|
3.27
|
2.87
|
3.48
|
|
Provisions to Avg. Assets (median %)
|
0.15
|
0.31
|
0.11
|
0.20
|
0.09
|
|
Noninterest Income to Avg. Assets (median %)
|
0.47
|
0.48
|
0.51
|
0.54
|
0.62
|
|
Overhead to Avg. Assets (median %)
|
3.00
|
2.73
|
2.99
|
2.92
|
2.97
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Loans to Assets (median %)
|
80.4
|
82.0
|
76.9
|
82.0
|
77.9
|
|
Noncore Funding to Assets (median %)
|
31.2
|
31.7
|
27.8
|
31.7
|
28.2
|
|
Long-term Assets to Assets (median %, call filers)
|
44.1
|
46.7
|
41.6
|
46.7
|
39.9
|
|
Brokered Deposits (number of institutions)
|
19
|
17
|
17
|
17
|
17
|
|
Brokered Deposits to Assets (median % for those above)
|
4.7
|
5.2
|
5.0
|
5.2
|
6.2
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Commercial and Industrial
|
46.9
|
51.6
|
69.4
|
51.6
|
59.1
|
|
Commercial Real Estate
|
229.3
|
230.1
|
253.7
|
230.1
|
272.6
|
|
Construction & Development
|
31.9
|
30.8
|
35.4
|
30.8
|
39.1
|
|
Multifamily Residential Real Estate
|
11.7
|
12.1
|
9.0
|
12.1
|
9.4
|
|
Nonresidential Real Estate
|
174.9
|
201.4
|
203.6
|
201.4
|
201.1
|
|
Residential Real Estate
|
477.6
|
496.2
|
469.0
|
496.2
|
479.8
|
|
Consumer
|
18.1
|
19.5
|
19.7
|
19.5
|
18.6
|
|
Agriculture
|
1.1
|
1.3
|
1.0
|
1.3
|
0.7
|
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BANKING PROFILE
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