Arizona 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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-6.4%
|
-4.7%
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-0.2%
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-2.1%
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1.5%
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Manufacturing (7%)
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-5.8%
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-4.4%
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-3.2%
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-4.0%
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-2.1%
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Other (non-manufacturing) Goods-Producing (7%)
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-24.9%
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-19.3%
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-11.0%
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-14.9%
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-5.5%
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Private Service-Producing (69%)
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-6.1%
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-4.5%
|
0.7%
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-1.5%
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2.5%
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Government (17%)
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0.9%
|
2.0%
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3.5%
|
3.0%
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3.1%
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Unemployment Rate (% of labor force)
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7.4%
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6.4%
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4.5%
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5.5%
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3.8%
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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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-63.6%
|
-54.5%
|
-56.7%
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-51.9%
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-33.0%
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Multifamily Building Permits
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-70.8%
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-64.6%
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-48.2%
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-36.4%
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13.2%
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Home Price Index
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-13.6%
|
-15.2%
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-6.0%
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-11.3%
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0.2%
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Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.68
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3.31
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2.08
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2.84
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1.64
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BANKING TRENDS
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General Information
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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|
Institutions (#)
|
57
|
57
|
58
|
57
|
57
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Total Assets (in millions)
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16,409
|
16,208
|
19,317
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16,208
|
19,020
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New Institutions (# < 3 years)
|
18
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18
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18
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18
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19
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Subchapter S Institutions
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4
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4
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4
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4
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4
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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 %)
|
5.23
|
4.41
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1.57
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4.41
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1.17
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ALLL/Total Loans (median %)
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1.86
|
1.65
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1.10
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1.65
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1.16
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ALLL/Noncurrent Loans (median multiple)
|
0.49
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0.49
|
0.70
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0.49
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1.31
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Net Loan Losses / Total Loans (median %)
|
0.96
|
0.61
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0.05
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0.74
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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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10.17
|
10.34
|
11.39
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10.34
|
11.60
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Return on Assets (median %)
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-1.87
|
-2.88
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-0.04
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-2.81
|
0.35
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Pretax Return on Assets (median %)
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-2.32
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-4.53
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-0.05
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-3.41
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0.58
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Net Interest Margin (median %)
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3.48
|
3.80
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4.40
|
4.06
|
4.82
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Yield on Earning Assets (median %)
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5.50
|
5.99
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7.24
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6.68
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8.02
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Cost of Funding Earning Assets (median %)
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1.89
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2.21
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2.78
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2.22
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3.04
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Provisions to Avg. Assets (median %)
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1.66
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2.53
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0.49
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1.69
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0.30
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Noninterest Income to Avg. Assets (median %)
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0.37
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0.22
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0.35
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0.30
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0.42
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Overhead to Avg. Assets (median %)
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4.18
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4.38
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4.07
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4.29
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4.18
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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 %)
|
77.0
|
78.4
|
79.9
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78.4
|
78.7
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Noncore Funding to Assets (median %)
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33.3
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34.2
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27.4
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34.2
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29.1
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Long-term Assets to Assets (median %, call filers)
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13.5
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12.4
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10.8
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12.4
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8.6
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Brokered Deposits (number of institutions)
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40
|
40
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31
|
40
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27
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Brokered Deposits to Assets (median % for those above)
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10.5
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12.9
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16.3
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12.9
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12.7
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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
|
81.7
|
80.2
|
61.0
|
80.2
|
71.3
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Commercial Real Estate
|
446.7
|
434.1
|
462.3
|
434.1
|
448.2
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Construction & Development
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134.4
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152.1
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171.1
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152.1
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171.4
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Multifamily Residential Real Estate
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9.5
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9.7
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8.5
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9.7
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6.6
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Nonresidential Real Estate
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262.6
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235.3
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210.8
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235.3
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173.1
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Residential Real Estate
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98.4
|
93.1
|
60.9
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93.1
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56.5
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Consumer
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6.6
|
7.5
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5.5
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7.5
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6.0
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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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