Chart 1. The title is "Community Banks Based in States Characterized by Relatively Significant Shares of Employment in Traditional Manufacturing Industries Tended to Report Greater Weakening in Credit Quality".

A bar chart showing how credit quality was weakened in community banks based in states with high employment rates in traditional manufacturing industries.

Alabama, Florida, and West Virginia had low shares of employment in traditional manufacturing industries and reported an average decline in noncurrent loan levels. Georgia, North and South Carolina, and Virginia had high shares of employment in traditional manufacturing industries and reported an average increase in noncurrent loans.

Between September 2002 and September 2003, Alabama reported a minus 10.04 basis point change in total noncurrent loans. Between September 2002 and September 2003, Florida reported a minus 24.33 basis point change in total noncurrent loans. Between September 2002 and September 2003, Georgia reported a 5.05 basis point change in total noncurrent loans. Between September 2002 and September 2003, North Carolina reported a 13.36 basis point change in total noncurrent loans. Between September 2002 and September 2003, South Carolina reported a 12.13 basis point change in total noncurrent loans. Between September 2002 and September 2003, Virginia reported a 13.97 basis point change in total noncurrent loans. Between September 2002 and September 2003, West Virginia reported a minus 9.14 basis point change in total noncurrent loans. States with high concentrations of traditional employment had an 11.12 basis point change in total noncurrent loans. States with low concentrations of traditional employment had a minus 14.5 basis point change in total noncurrent loans.