South Carolina 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
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.9%
|
0.3%
|
-5.4%
|
-0.5%
|
-5.8%
|
|
Manufacturing (11%)
|
0.8%
|
-0.8%
|
-12.1%
|
-3.0%
|
-11.8%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-2.6%
|
-7.4%
|
-19.1%
|
-9.4%
|
-19.8%
|
|
Private Service-Producing (65%)
|
2.4%
|
1.4%
|
-4.1%
|
0.6%
|
-5.0%
|
|
Government (19%)
|
-2.7%
|
-0.6%
|
-1.3%
|
-0.7%
|
0.0%
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|
Unemployment Rate (% of labor force)
|
10.9%
|
11.0%
|
11.8%
|
11.2%
|
11.3%
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|
|
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Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-19.5%
|
-24.4%
|
18.6%
|
-4.0%
|
-29.8%
|
|
Multifamily Building Permits
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-52.7%
|
-10.0%
|
-19.6%
|
-32.0%
|
-63.0%
|
|
Home Price Index
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-2.4%
|
-2.3%
|
-3.0%
|
-4.1%
|
-1.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.85
|
1.99
|
2.05
|
1.94
|
2.05
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BANKING TRENDS
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General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
83
|
83
|
89
|
83
|
89
|
|
Total Assets (in millions)
|
38,244
|
38,920
|
56,740
|
38,244
|
56,740
|
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New Institutions (# < 3 years)
|
3
|
4
|
6
|
3
|
6
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Subchapter S Institutions
|
6
|
6
|
5
|
6
|
5
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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 %)
|
5.99
|
5.74
|
5.37
|
5.99
|
5.37
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|
Noncurrent Loans / Total Loans (median %)
|
3.96
|
3.87
|
3.33
|
3.96
|
3.33
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|
ALLL/Total Loans (median %)
|
1.78
|
1.77
|
1.59
|
1.78
|
1.59
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ALLL/Noncurrent Loans (median multiple)
|
0.46
|
0.47
|
0.46
|
0.46
|
0.46
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Net Loan Losses / Total Loans (median %)
|
1.37
|
1.30
|
1.48
|
1.26
|
0.99
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|
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
8.82
|
8.77
|
8.86
|
8.82
|
8.86
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Return on Assets (median %)
|
0.07
|
0.23
|
-0.14
|
0.10
|
-0.06
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Pretax Return on Assets (median %)
|
0.00
|
0.30
|
-0.42
|
0.07
|
-0.20
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Net Interest Margin (median %)
|
3.49
|
3.48
|
3.37
|
3.47
|
3.32
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Yield on Earning Assets (median %)
|
4.88
|
5.01
|
5.12
|
5.05
|
5.35
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Cost of Funding Earning Assets (median %)
|
1.46
|
1.56
|
1.93
|
1.62
|
2.17
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Provisions to Avg. Assets (median %)
|
0.76
|
0.79
|
1.25
|
0.89
|
0.91
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Noninterest Income to Avg. Assets (median %)
|
0.53
|
0.47
|
0.48
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0.48
|
0.50
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Overhead to Avg. Assets (median %)
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3.21
|
3.00
|
3.14
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2.94
|
3.08
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Liquidity / Sensitivity
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Q4-10
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Q3-10
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Q4-09
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2010
|
2009
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|
Net Loans to Assets (median %)
|
66.9
|
66.0
|
69.2
|
66.9
|
69.2
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Noncore Funding to Assets (median %)
|
28.2
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29.5
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31.8
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28.2
|
31.8
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Long-term Assets to Assets (median %, call filers)
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18.6
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18.2
|
16.0
|
18.6
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16.0
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Brokered Deposits (number of institutions)
|
44
|
44
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52
|
44
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52
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Brokered Deposits to Assets (median % for those above)
|
5.0
|
6.8
|
8.1
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5.0
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8.1
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
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Commercial and Industrial
|
51.2
|
59.3
|
63.3
|
51.2
|
63.3
|
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Commercial Real Estate
|
315.2
|
309.4
|
338.6
|
315.2
|
338.6
|
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Construction & Development
|
76.2
|
77.2
|
103.4
|
76.2
|
103.4
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Multifamily Residential Real Estate
|
5.7
|
5.6
|
6.3
|
5.7
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6.3
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Nonresidential Real Estate
|
201.8
|
203.2
|
210.9
|
201.8
|
210.9
|
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Residential Real Estate
|
226.0
|
220.6
|
221.2
|
226.0
|
221.2
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Consumer
|
18.9
|
19.3
|
22.0
|
18.9
|
22.0
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Agriculture
|
4.9
|
6.2
|
4.6
|
4.9
|
4.6
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BANKING PROFILE
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