Pennsylvania 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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-1.8%
|
-0.7%
|
0.6%
|
0.1%
|
0.7%
|
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Manufacturing (11%)
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-8.0%
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-4.0%
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-1.2%
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-2.3%
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-1.7%
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Other (non-manufacturing) Goods-Producing (5%)
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-5.9%
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-3.2%
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-0.4%
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-1.9%
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0.7%
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Private Service-Producing (71%)
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-1.1%
|
-0.4%
|
1.0%
|
0.5%
|
1.3%
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Government (13%)
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0.8%
|
1.3%
|
0.1%
|
0.6%
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-0.1%
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Unemployment Rate (% of labor force)
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7.4%
|
6.1%
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4.8%
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5.4%
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4.4%
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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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-44.0%
|
-42.7%
|
-23.6%
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-36.0%
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-15.4%
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|
Multifamily Building Permits
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-30.3%
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13.0%
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-37.5%
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-20.9%
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-16.3%
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Home Price Index
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-1.4%
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-0.6%
|
2.2%
|
0.5%
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3.8%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.81
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2.56
|
2.51
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2.57
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2.33
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BANKING TRENDS
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General Information
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Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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|
Institutions (#)
|
229
|
232
|
246
|
232
|
246
|
|
Total Assets (in millions)
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418,286
|
414,282
|
489,167
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414,282
|
478,759
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New Institutions (# < 3 years)
|
9
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11
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17
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11
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16
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Subchapter S Institutions
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3
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3
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3
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3
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3
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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
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.24
|
2.01
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1.52
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2.01
|
1.54
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ALLL/Total Loans (median %)
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1.06
|
1.06
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0.98
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1.06
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0.99
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ALLL/Noncurrent Loans (median multiple)
|
0.94
|
1.06
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1.27
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1.06
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1.37
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Net Loan Losses / Total Loans (median %)
|
0.05
|
0.09
|
0.01
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0.07
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0.04
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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
|
2007
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Tier 1 Leverage (median %)
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9.04
|
9.16
|
9.66
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9.16
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9.80
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Return on Assets (median %)
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0.58
|
0.47
|
0.55
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0.46
|
0.56
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Pretax Return on Assets (median %)
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0.72
|
0.51
|
0.74
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0.61
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0.73
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Net Interest Margin (median %)
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3.24
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3.32
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3.17
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3.30
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3.16
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Yield on Earning Assets (median %)
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5.51
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5.74
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6.08
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5.91
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6.23
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Cost of Funding Earning Assets (median %)
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2.30
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2.50
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2.95
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2.67
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3.19
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Provisions to Avg. Assets (median %)
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0.15
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0.21
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0.08
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0.17
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0.08
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Noninterest Income to Avg. Assets (median %)
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0.41
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0.44
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0.46
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0.44
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0.46
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Overhead to Avg. Assets (median %)
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2.60
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2.65
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2.63
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2.64
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2.64
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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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68.7
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70.4
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66.9
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70.4
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66.9
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Noncore Funding to Assets (median %)
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24.4
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24.8
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23.3
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24.8
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22.9
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Long-term Assets to Assets (median %, call filers)
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38.4
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39.8
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39.4
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39.8
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39.5
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Brokered Deposits (number of institutions)
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82
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81
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73
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81
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70
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Brokered Deposits to Assets (median % for those above)
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2.8
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2.8
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1.8
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2.8
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1.8
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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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54.3
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55.6
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53.2
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55.6
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53.7
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Commercial Real Estate
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210.7
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208.2
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187.9
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208.2
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184.0
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Construction & Development
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23.1
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24.4
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23.1
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24.4
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22.5
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Multifamily Residential Real Estate
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11.9
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11.2
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8.7
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11.2
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8.5
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Nonresidential Real Estate
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156.1
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151.9
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132.5
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151.9
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130.9
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Residential Real Estate
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329.7
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336.6
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312.0
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336.6
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314.9
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Consumer
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14.9
|
15.0
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14.5
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15.0
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14.2
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Agriculture
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1.1
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1.2
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1.0
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1.2
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1.0
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BANKING PROFILE
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