New York 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
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-1.6%
|
-0.4%
|
1.2%
|
0.7%
|
1.3%
|
|
Manufacturing (6%)
|
-6.2%
|
-4.2%
|
-3.1%
|
-3.4%
|
-2.6%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
-6.1%
|
-1.4%
|
5.5%
|
2.2%
|
4.3%
|
|
Private Service-Producing (73%)
|
-1.3%
|
-0.2%
|
1.5%
|
1.0%
|
1.6%
|
|
Government (17%)
|
-0.2%
|
0.5%
|
0.5%
|
0.7%
|
1.1%
|
|
Unemployment Rate (% of labor force)
|
7.5%
|
6.3%
|
4.7%
|
5.4%
|
4.5%
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|
|
|
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Other Indicators
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Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-31.5%
|
-33.4%
|
-38.4%
|
-27.3%
|
-15.6%
|
|
Multifamily Building Permits
|
-71.0%
|
-73.8%
|
-40.6%
|
1.3%
|
11.4%
|
|
Home Price Index
|
-3.5%
|
-3.6%
|
0.3%
|
-1.6%
|
1.8%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.42
|
2.34
|
2.05
|
2.32
|
1.96
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BANKING TRENDS
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|
General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
196
|
195
|
194
|
195
|
195
|
|
Total Assets (in millions)
|
706,126
|
587,281
|
492,988
|
587,281
|
492,558
|
|
New Institutions (# < 3 years)
|
16
|
16
|
23
|
16
|
22
|
|
Subchapter S Institutions
|
5
|
6
|
8
|
6
|
8
|
| |
|
|
|
|
|
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Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.03
|
1.99
|
1.65
|
1.99
|
1.30
|
|
ALLL/Total Loans (median %)
|
1.07
|
1.02
|
0.94
|
1.02
|
0.92
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.93
|
1.07
|
1.37
|
1.07
|
1.45
|
|
Net Loan Losses / Total Loans (median %)
|
0.04
|
0.06
|
0.01
|
0.09
|
0.02
|
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|
|
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.26
|
9.31
|
9.82
|
9.31
|
10.09
|
|
Return on Assets (median %)
|
0.52
|
0.37
|
0.58
|
0.42
|
0.69
|
|
Pretax Return on Assets (median %)
|
0.74
|
0.50
|
0.89
|
0.58
|
0.99
|
|
Net Interest Margin (median %)
|
3.41
|
3.58
|
3.42
|
3.53
|
3.45
|
|
Yield on Earning Assets (median %)
|
5.32
|
5.68
|
5.98
|
5.77
|
6.25
|
|
Cost of Funding Earning Assets (median %)
|
1.75
|
2.03
|
2.62
|
2.18
|
2.85
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Provisions to Avg. Assets (median %)
|
0.13
|
0.23
|
0.06
|
0.14
|
0.05
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Noninterest Income to Avg. Assets (median %)
|
0.43
|
0.45
|
0.53
|
0.52
|
0.54
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Overhead to Avg. Assets (median %)
|
2.90
|
2.95
|
3.02
|
3.03
|
3.02
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Liquidity / Sensitivity
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Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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|
Loans to Assets (median %)
|
63.5
|
64.8
|
61.9
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64.8
|
63.0
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Noncore Funding to Assets (median %)
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23.0
|
23.7
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20.6
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23.7
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19.8
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Long-term Assets to Assets (median %, call filers)
|
26.0
|
25.4
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25.7
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25.4
|
24.6
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Brokered Deposits (number of institutions)
|
81
|
77
|
64
|
77
|
61
|
|
Brokered Deposits to Assets (median % for those above)
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3.3
|
4.2
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3.2
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4.2
|
3.2
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Commercial and Industrial
|
49.9
|
49.3
|
49.4
|
49.3
|
50.1
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|
Commercial Real Estate
|
169.6
|
171.3
|
154.7
|
171.3
|
149.7
|
|
Construction & Development
|
15.2
|
17.5
|
14.6
|
17.5
|
16.0
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Multifamily Residential Real Estate
|
11.7
|
11.0
|
8.1
|
11.0
|
7.6
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Nonresidential Real Estate
|
125.1
|
120.8
|
110.9
|
120.8
|
104.2
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Residential Real Estate
|
224.1
|
238.3
|
199.9
|
238.3
|
206.9
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Consumer
|
5.1
|
5.3
|
6.0
|
5.3
|
7.4
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Agriculture
|
0.0
|
0.0
|
0.0
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0.0
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0.0
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BANKING PROFILE
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