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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Q4-10
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Q3-10
|
Q4-09
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2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.9%
|
0.8%
|
-3.1%
|
0.0%
|
-3.2%
|
|
Manufacturing (10%)
|
0.5%
|
0.1%
|
-11.2%
|
-2.3%
|
-10.8%
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|
Other (non-manufacturing) Goods-Producing (4%)
|
3.1%
|
0.9%
|
-10.5%
|
-1.6%
|
-10.8%
|
|
Private Service-Producing (72%)
|
1.2%
|
1.1%
|
-2.0%
|
0.4%
|
-2.2%
|
|
Government (13%)
|
-1.0%
|
-0.5%
|
0.6%
|
0.0%
|
1.0%
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Unemployment Rate (% of labor force)
|
8.5%
|
8.6%
|
8.6%
|
8.7%
|
8.0%
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|
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|
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Other Indicators
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Q4-10
|
Q3-10
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Q4-09
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2010
|
2009
|
|
Single-Family Home Permits
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36.8%
|
-8.8%
|
22.5%
|
20.3%
|
-19.5%
|
|
Multifamily Building Permits
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-33.5%
|
72.6%
|
65.6%
|
13.9%
|
-17.7%
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|
Home Price Index
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-0.2%
|
-0.3%
|
-2.2%
|
-1.8%
|
-1.8%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.78
|
3.14
|
2.56
|
3.00
|
2.81
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BANKING TRENDS
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|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
216
|
220
|
224
|
216
|
224
|
|
Total Assets (in millions)
|
281,217
|
282,229
|
282,998
|
281,217
|
282,998
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|
New Institutions (# < 3 years)
|
2
|
4
|
7
|
2
|
7
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|
Subchapter S Institutions
|
2
|
2
|
3
|
2
|
3
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|
|
|
|
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Asset Quality
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Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.11
|
2.98
|
2.86
|
3.11
|
2.86
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|
Noncurrent Loans / Total Loans (median %)
|
1.81
|
1.76
|
1.49
|
1.81
|
1.49
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|
ALLL/Total Loans (median %)
|
1.25
|
1.22
|
1.17
|
1.25
|
1.17
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ALLL/Noncurrent Loans (median multiple)
|
0.72
|
0.71
|
0.75
|
0.72
|
0.75
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Net Loan Losses / Total Loans (median %)
|
0.17
|
0.12
|
0.16
|
0.21
|
0.16
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
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|
Tier 1 Leverage (median %)
|
9.19
|
9.13
|
8.89
|
9.19
|
8.89
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Return on Assets (median %)
|
0.62
|
0.66
|
0.47
|
0.62
|
0.47
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Pretax Return on Assets (median %)
|
0.79
|
0.91
|
0.57
|
0.79
|
0.57
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Net Interest Margin (median %)
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3.48
|
3.51
|
3.40
|
3.48
|
3.33
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Yield on Earning Assets (median %)
|
4.86
|
4.97
|
5.24
|
4.98
|
5.36
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Cost of Funding Earning Assets (median %)
|
1.38
|
1.48
|
1.85
|
1.53
|
2.08
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Provisions to Avg. Assets (median %)
|
0.21
|
0.23
|
0.29
|
0.25
|
0.27
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Noninterest Income to Avg. Assets (median %)
|
0.49
|
0.44
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0.45
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0.45
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0.45
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Overhead to Avg. Assets (median %)
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2.64
|
2.63
|
2.71
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2.61
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2.70
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Liquidity / Sensitivity
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Q4-10
|
Q3-10
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Q4-09
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2010
|
2009
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|
Net Loans to Assets (median %)
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65.2
|
65.5
|
67.1
|
65.2
|
67.1
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Noncore Funding to Assets (median %)
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20.4
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21.2
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22.3
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20.4
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22.3
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Long-term Assets to Assets (median %, call filers)
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39.9
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38.7
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37.2
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39.9
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37.2
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Brokered Deposits (number of institutions)
|
88
|
85
|
79
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88
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79
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Brokered Deposits to Assets (median % for those above)
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2.8
|
3.0
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2.7
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2.8
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2.7
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q4-10
|
Q3-10
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Q4-09
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2010
|
2009
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Commercial and Industrial
|
43.6
|
44.8
|
48.0
|
43.6
|
48.0
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Commercial Real Estate
|
190.3
|
190.8
|
204.9
|
190.3
|
204.9
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Construction & Development
|
19.3
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20.2
|
22.5
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19.3
|
22.5
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Multifamily Residential Real Estate
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13.7
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13.6
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13.5
|
13.7
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13.5
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Nonresidential Real Estate
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146.9
|
150.1
|
155.1
|
146.9
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155.1
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Residential Real Estate
|
296.9
|
301.4
|
300.8
|
296.9
|
300.8
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Consumer
|
12.8
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12.4
|
13.8
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12.8
|
13.8
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Agriculture
|
1.0
|
0.8
|
0.9
|
1.0
|
0.9
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BANKING PROFILE
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Largest Deposit Markets (from 2010 Summary of Deposits)
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Institutions in Market
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Deposits ($ millions)
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Asset Distribution
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Institutions
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New York-Northern New Jersey-Long Island, NY-NJ-PA
|
240
|
933,674
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< $100 million
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36 (16.7% )
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Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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154
|
379,813
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$100 million to $250 million
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54 (25% )
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Pittsburgh, PA
|
57
|
75,158
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$250 million to $1 billion
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94 (43.5% )
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Allentown-Bethlehem-Easton, PA-NJ
|
32
|
14,906
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$1 billion to $10 billion
|
28 (13% )
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Scranton--Wilkes-Barre, PA
|
25
|
11,088
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> $10 billion
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4 (1.9% )
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