Michigan 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
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Q4-09
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2010
|
2009
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Total Nonfarm (share of trailing four quarter employment in parentheses)
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0.9%
|
0.9%
|
-6.0%
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-0.3%
|
-7.0%
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Manufacturing (12%)
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4.2%
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5.3%
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-16.1%
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2.1%
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-19.0%
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Other (non-manufacturing) Goods-Producing (3%)
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2.4%
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-1.4%
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-15.8%
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-4.3%
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-16.6%
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Private Service-Producing (68%)
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1.1%
|
0.9%
|
-4.6%
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-0.1%
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-5.4%
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Government (16%)
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-2.3%
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-1.9%
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-1.0%
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-1.7%
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-0.5%
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Unemployment Rate (% of labor force)
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11.4%
|
12.2%
|
13.9%
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12.5%
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13.4%
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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
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Single-Family Home Permits
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22.1%
|
-0.3%
|
-3.7%
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22.8%
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-29.3%
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Multifamily Building Permits
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129.7%
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80.3%
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-61.7%
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84.3%
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-67.7%
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Home Price Index
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-1.2%
|
-2.7%
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-7.1%
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-6.2%
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-5.9%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.88
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6.29
|
6.39
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6.71
|
6.75
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BANKING TRENDS
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General Information
|
Q4-10
|
Q3-10
|
Q4-09
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2010
|
2009
|
|
Institutions (#)
|
136
|
137
|
146
|
136
|
146
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|
Total Assets (in millions)
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68,130
|
69,814
|
72,175
|
68,130
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72,175
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New Institutions (# < 3 years)
|
2
|
3
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6
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2
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6
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Subchapter S Institutions
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17
|
18
|
18
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17
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18
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|
|
|
|
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Asset Quality
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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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Past-Due and Nonaccrual Loans / Total Loans (median %)
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4.72
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4.55
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4.91
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4.72
|
4.91
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Noncurrent Loans / Total Loans (median %)
|
2.88
|
2.92
|
2.90
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2.88
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2.90
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ALLL/Total Loans (median %)
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1.83
|
1.76
|
1.65
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1.83
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1.65
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ALLL/Noncurrent Loans (median multiple)
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0.69
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0.65
|
0.60
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0.69
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0.60
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Net Loan Losses / Total Loans (median %)
|
0.93
|
0.72
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1.08
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0.75
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0.71
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Capital / Earnings
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Q4-10
|
Q3-10
|
Q4-09
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2010
|
2009
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Tier 1 Leverage (median %)
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9.19
|
9.03
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8.74
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9.19
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8.74
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Return on Assets (median %)
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0.47
|
0.47
|
0.09
|
0.38
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0.23
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Pretax Return on Assets (median %)
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0.53
|
0.55
|
0.02
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0.43
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0.25
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Net Interest Margin (median %)
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3.92
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3.93
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3.81
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3.89
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3.78
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Yield on Earning Assets (median %)
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5.23
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5.30
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5.53
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5.32
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5.57
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Cost of Funding Earning Assets (median %)
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1.20
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1.31
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1.65
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1.35
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1.86
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Provisions to Avg. Assets (median %)
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0.55
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0.54
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1.14
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0.62
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0.78
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Noninterest Income to Avg. Assets (median %)
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0.75
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0.71
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0.56
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0.69
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0.66
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Overhead to Avg. Assets (median %)
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3.31
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3.29
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3.32
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3.27
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3.35
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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 %)
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69.0
|
69.5
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72.2
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69.0
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72.2
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Noncore Funding to Assets (median %)
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19.3
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19.3
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22.9
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19.3
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22.9
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Long-term Assets to Assets (median %, call filers)
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16.7
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16.0
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15.3
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16.7
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15.3
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Brokered Deposits (number of institutions)
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68
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69
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72
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68
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72
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Brokered Deposits to Assets (median % for those above)
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5.2
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5.4
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8.7
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5.2
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8.7
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Loan Concentrations (median % of Total Risk-Based Capital)
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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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Commercial and Industrial
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74.3
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77.2
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89.1
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74.3
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89.1
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Commercial Real Estate
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271.4
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270.8
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296.1
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271.4
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296.1
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Construction & Development
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27.7
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30.5
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35.7
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27.7
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35.7
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Multifamily Residential Real Estate
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10.3
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10.9
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10.4
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10.3
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10.4
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Nonresidential Real Estate
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218.9
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222.6
|
235.0
|
218.9
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235.0
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Residential Real Estate
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222.6
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231.0
|
243.0
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222.6
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243.0
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Consumer
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18.5
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19.7
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21.9
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18.5
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21.9
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Agriculture
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3.8
|
3.7
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3.7
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3.8
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3.7
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BANKING PROFILE
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