Connecticut 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)
|
0.5%
|
0.0%
|
-4.3%
|
-1.1%
|
-4.3%
|
|
Manufacturing (10%)
|
0.8%
|
-1.3%
|
-9.8%
|
-3.0%
|
-8.6%
|
|
Other (non-manufacturing) Goods-Producing (3%)
|
-5.7%
|
-5.7%
|
-14.9%
|
-9.0%
|
-16.5%
|
|
Private Service-Producing (71%)
|
1.0%
|
0.5%
|
-3.2%
|
-0.4%
|
-3.5%
|
|
Government (15%)
|
-0.9%
|
-0.6%
|
-2.6%
|
-1.4%
|
-1.7%
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Unemployment Rate (% of labor force)
|
9.1%
|
9.1%
|
8.9%
|
9.1%
|
8.3%
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|
|
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Other Indicators
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Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
14.8%
|
4.0%
|
6.8%
|
21.0%
|
-34.0%
|
|
Multifamily Building Permits
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-53.8%
|
-7.6%
|
-56.0%
|
-42.4%
|
-43.2%
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|
Home Price Index
|
-0.8%
|
-0.8%
|
-4.3%
|
-3.2%
|
-4.7%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.88
|
3.22
|
2.92
|
3.13
|
2.81
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BANKING TRENDS
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|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
54
|
54
|
55
|
54
|
55
|
|
Total Assets (in millions)
|
82,930
|
79,429
|
77,549
|
82,930
|
77,549
|
|
New Institutions (# < 3 years)
|
4
|
3
|
3
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4
|
3
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|
Subchapter S Institutions
|
1
|
1
|
1
|
1
|
1
|
| |
|
|
|
|
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Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.60
|
3.56
|
3.25
|
3.60
|
3.25
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|
Noncurrent Loans / Total Loans (median %)
|
2.39
|
2.07
|
1.70
|
2.39
|
1.70
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ALLL/Total Loans (median %)
|
1.26
|
1.22
|
1.24
|
1.26
|
1.24
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ALLL/Noncurrent Loans (median multiple)
|
0.46
|
0.52
|
0.66
|
0.46
|
0.66
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Net Loan Losses / Total Loans (median %)
|
0.22
|
0.25
|
0.21
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0.29
|
0.20
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
9.69
|
9.55
|
9.33
|
9.69
|
9.33
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Return on Assets (median %)
|
0.36
|
0.45
|
0.30
|
0.41
|
0.28
|
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Pretax Return on Assets (median %)
|
0.38
|
0.54
|
0.36
|
0.56
|
0.38
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Net Interest Margin (median %)
|
3.49
|
3.49
|
3.45
|
3.53
|
3.33
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Yield on Earning Assets (median %)
|
4.65
|
4.82
|
5.17
|
4.82
|
5.25
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Cost of Funding Earning Assets (median %)
|
1.09
|
1.22
|
1.58
|
1.26
|
1.81
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Provisions to Avg. Assets (median %)
|
0.20
|
0.33
|
0.32
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0.30
|
0.32
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Noninterest Income to Avg. Assets (median %)
|
0.62
|
0.54
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0.49
|
0.55
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0.56
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Overhead to Avg. Assets (median %)
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3.17
|
3.08
|
3.14
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3.20
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3.14
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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 %)
|
67.2
|
69.6
|
69.9
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67.2
|
69.9
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Noncore Funding to Assets (median %)
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25.5
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25.3
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25.8
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25.5
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25.8
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Long-term Assets to Assets (median %, call filers)
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37.1
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37.6
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39.8
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37.1
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39.8
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Brokered Deposits (number of institutions)
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30
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30
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34
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30
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34
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Brokered Deposits to Assets (median % for those above)
|
1.4
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1.9
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2.2
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1.4
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2.2
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
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Commercial and Industrial
|
53.6
|
55.1
|
50.6
|
53.6
|
50.6
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Commercial Real Estate
|
200.4
|
202.5
|
226.9
|
200.4
|
226.9
|
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Construction & Development
|
22.9
|
23.4
|
44.2
|
22.9
|
44.2
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Multifamily Residential Real Estate
|
10.2
|
11.0
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10.3
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10.2
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10.3
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Nonresidential Real Estate
|
148.4
|
143.9
|
152.6
|
148.4
|
152.6
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Residential Real Estate
|
362.6
|
375.6
|
384.6
|
362.6
|
384.6
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Consumer
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4.1
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4.2
|
4.9
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4.1
|
4.9
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Agriculture
|
0.0
|
0.0
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0.0
|
0.0
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0.0
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BANKING PROFILE
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