Puerto Rico and the U.S. Virgin Islands 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)
|
-2.4%
|
-1.6%
|
-1.3%
|
-1.5%
|
-1.5%
|
|
Manufacturing (10%)
|
-5.9%
|
-5.8%
|
-4.1%
|
-4.6%
|
-3.0%
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|
Other (non-manufacturing) Goods-Producing (6%)
|
-8.3%
|
-12.0%
|
-11.2%
|
-10.1%
|
-5.0%
|
|
Private Service-Producing (55%)
|
-2.9%
|
-3.4%
|
0.0%
|
-1.4%
|
-0.8%
|
|
Government (30%)
|
0.9%
|
2.7%
|
-0.7%
|
0.6%
|
-1.0%
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Unemployment Rate (% of labor force)
|
14.1%
|
12.8%
|
10.5%
|
11.5%
|
10.9%
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Other Indicators
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BANKING TRENDS
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|
General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
12
|
12
|
12
|
12
|
13
|
|
Total Assets (in millions)
|
98,401
|
99,507
|
101,310
|
99,507
|
101,024
|
|
New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
1
|
|
Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
|
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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 %)
|
10.66
|
10.43
|
7.92
|
10.43
|
6.86
|
|
ALLL/Total Loans (median %)
|
1.94
|
1.88
|
1.50
|
1.88
|
1.46
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.26
|
0.25
|
0.34
|
0.25
|
0.33
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Net Loan Losses / Total Loans (median %)
|
0.95
|
1.14
|
0.74
|
1.12
|
0.77
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|
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
6.86
|
6.78
|
7.07
|
6.78
|
6.84
|
|
Return on Assets (median %)
|
0.38
|
0.22
|
0.62
|
0.28
|
0.20
|
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Pretax Return on Assets (median %)
|
0.35
|
0.03
|
0.66
|
0.07
|
0.17
|
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Net Interest Margin (median %)
|
2.80
|
3.07
|
2.86
|
2.96
|
2.86
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Yield on Earning Assets (median %)
|
5.59
|
6.14
|
6.30
|
6.01
|
6.77
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Cost of Funding Earning Assets (median %)
|
2.77
|
3.08
|
3.60
|
3.25
|
3.95
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Provisions to Avg. Assets (median %)
|
0.93
|
0.94
|
0.91
|
0.91
|
0.84
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Noninterest Income to Avg. Assets (median %)
|
0.36
|
0.43
|
0.51
|
0.48
|
0.44
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Overhead to Avg. Assets (median %)
|
2.15
|
2.36
|
2.02
|
2.15
|
2.18
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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 %)
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65.4
|
64.4
|
65.3
|
64.4
|
66.3
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Noncore Funding to Assets (median %)
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58.2
|
60.3
|
63.2
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60.3
|
60.4
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Long-term Assets to Assets (median %, call filers)
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33.7
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37.7
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28.4
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37.7
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24.9
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Brokered Deposits (number of institutions)
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11
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11
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11
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11
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11
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Brokered Deposits to Assets (median % for those above)
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24.4
|
29.8
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23.8
|
29.8
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24.2
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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Commercial and Industrial
|
95.5
|
90.9
|
106.4
|
90.9
|
129.0
|
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Commercial Real Estate
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236.8
|
241.5
|
273.8
|
241.5
|
283.7
|
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Construction & Development
|
87.5
|
95.5
|
97.7
|
95.5
|
95.6
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Multifamily Residential Real Estate
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0.5
|
0.6
|
0.5
|
0.6
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0.0
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Nonresidential Real Estate
|
142.5
|
151.1
|
166.1
|
151.1
|
160.5
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Residential Real Estate
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222.1
|
241.2
|
263.9
|
241.2
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282.7
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Consumer
|
44.7
|
44.6
|
39.8
|
44.6
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49.1
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Agriculture
|
1.6
|
1.7
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2.2
|
1.7
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0.1
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BANKING PROFILE
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