Florida 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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Q4-10
|
Q3-10
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Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.1%
|
-0.1%
|
-5.1%
|
-1.1%
|
-6.2%
|
|
Manufacturing (4%)
|
-2.7%
|
-3.1%
|
-12.3%
|
-5.3%
|
-12.7%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-8.1%
|
-7.8%
|
-22.3%
|
-11.8%
|
-23.2%
|
|
Private Service-Producing (75%)
|
0.7%
|
0.6%
|
-4.0%
|
-0.3%
|
-5.3%
|
|
Government (16%)
|
-0.2%
|
0.0%
|
-1.3%
|
0.0%
|
-1.1%
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|
Unemployment Rate (% of labor force)
|
11.9%
|
11.6%
|
11.1%
|
11.5%
|
10.2%
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|
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Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-15.2%
|
-5.6%
|
12.5%
|
12.2%
|
-30.8%
|
|
Multifamily Building Permits
|
3.1%
|
41.7%
|
-35.2%
|
-8.6%
|
-62.4%
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|
Home Price Index
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-5.7%
|
-6.2%
|
-10.1%
|
-9.6%
|
-12.9%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.45
|
6.19
|
5.12
|
5.80
|
4.97
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BANKING TRENDS
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|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
247
|
255
|
286
|
247
|
286
|
|
Total Assets (in millions)
|
151,235
|
156,461
|
161,373
|
151,235
|
161,373
|
|
New Institutions (# < 3 years)
|
15
|
21
|
36
|
15
|
36
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|
Subchapter S Institutions
|
47
|
49
|
63
|
47
|
63
|
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|
|
|
|
|
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Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
6.18
|
6.78
|
6.92
|
6.18
|
6.92
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|
Noncurrent Loans / Total Loans (median %)
|
4.58
|
4.91
|
4.81
|
4.58
|
4.81
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|
ALLL/Total Loans (median %)
|
2.24
|
2.17
|
2.21
|
2.24
|
2.21
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ALLL/Noncurrent Loans (median multiple)
|
0.44
|
0.44
|
0.44
|
0.44
|
0.44
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|
Net Loan Losses / Total Loans (median %)
|
1.53
|
1.35
|
2.08
|
1.70
|
1.63
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|
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
8.57
|
8.73
|
8.35
|
8.57
|
8.35
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Return on Assets (median %)
|
-0.60
|
-0.16
|
-1.73
|
-0.62
|
-1.46
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Pretax Return on Assets (median %)
|
-0.74
|
-0.23
|
-2.49
|
-0.72
|
-1.95
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Net Interest Margin (median %)
|
3.49
|
3.44
|
3.26
|
3.44
|
3.18
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Yield on Earning Assets (median %)
|
4.75
|
4.81
|
5.07
|
4.87
|
5.22
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Cost of Funding Earning Assets (median %)
|
1.25
|
1.37
|
1.76
|
1.40
|
2.04
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Provisions to Avg. Assets (median %)
|
1.04
|
1.02
|
1.98
|
1.26
|
1.73
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Noninterest Income to Avg. Assets (median %)
|
0.29
|
0.29
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0.26
|
0.30
|
0.24
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Overhead to Avg. Assets (median %)
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3.28
|
3.21
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3.31
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3.18
|
3.29
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Liquidity / Sensitivity
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Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
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|
Net Loans to Assets (median %)
|
67.1
|
67.4
|
69.3
|
67.1
|
69.3
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Noncore Funding to Assets (median %)
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27.9
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28.5
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31.7
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27.9
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31.7
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Long-term Assets to Assets (median %, call filers)
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22.2
|
20.8
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19.4
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22.2
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19.4
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Brokered Deposits (number of institutions)
|
148
|
159
|
186
|
148
|
186
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Brokered Deposits to Assets (median % for those above)
|
4.4
|
5.2
|
7.7
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4.4
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7.7
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-10
|
Q3-10
|
Q4-09
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2010
|
2009
|
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Commercial and Industrial
|
62.7
|
59.0
|
62.7
|
62.7
|
62.7
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Commercial Real Estate
|
368.7
|
371.4
|
409.3
|
368.7
|
409.3
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Construction & Development
|
61.7
|
68.1
|
83.2
|
61.7
|
83.2
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Multifamily Residential Real Estate
|
18.2
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17.1
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17.1
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18.2
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17.1
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Nonresidential Real Estate
|
291.1
|
279.3
|
287.0
|
291.1
|
287.0
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Residential Real Estate
|
163.9
|
167.1
|
170.7
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163.9
|
170.7
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Consumer
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8.7
|
8.4
|
8.5
|
8.7
|
8.5
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Agriculture
|
1.2
|
0.9
|
1.0
|
1.2
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1.0
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BANKING PROFILE
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