Vermont at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
1.0%
|
0.8%
|
-3.0%
|
0.1%
|
-3.2%
|
|
Manufacturing (10%)
|
2.6%
|
1.2%
|
-10.8%
|
-1.0%
|
-11.1%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-3.6%
|
-2.1%
|
-9.5%
|
-2.7%
|
-11.6%
|
|
Private Service-Producing (67%)
|
1.6%
|
1.1%
|
-2.0%
|
0.5%
|
-2.2%
|
|
Government (18%)
|
-0.9%
|
-0.2%
|
-0.1%
|
0.0%
|
0.6%
|
|
Unemployment Rate (% of labor force)
|
5.8%
|
6.0%
|
6.7%
|
6.2%
|
6.9%
|
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|
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|
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Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
3.6%
|
-17.6%
|
41.8%
|
40.2%
|
-21.1%
|
|
Multifamily Building Permits
|
-36.1%
|
125.0%
|
190.2%
|
-6.4%
|
-8.0%
|
|
Home Price Index
|
0.3%
|
-0.5%
|
-1.9%
|
-0.9%
|
-1.5%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.16
|
2.40
|
2.36
|
2.54
|
2.41
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BANKING TRENDS
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|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
14
|
14
|
14
|
14
|
14
|
|
Total Assets (in millions)
|
5,682
|
5,661
|
5,538
|
5,682
|
5,538
|
|
New Institutions (# < 3 years)
|
0
|
0
|
0
|
0
|
0
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
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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 %)
|
3.14
|
2.56
|
3.22
|
3.14
|
3.22
|
|
Noncurrent Loans / Total Loans (median %)
|
1.27
|
1.31
|
1.43
|
1.27
|
1.43
|
|
ALLL/Total Loans (median %)
|
1.17
|
1.18
|
1.20
|
1.17
|
1.20
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.95
|
0.95
|
0.81
|
0.95
|
0.81
|
|
Net Loan Losses / Total Loans (median %)
|
0.27
|
0.07
|
0.25
|
0.21
|
0.15
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
8.08
|
8.07
|
7.98
|
8.08
|
7.98
|
|
Return on Assets (median %)
|
0.56
|
0.74
|
0.56
|
0.64
|
0.59
|
|
Pretax Return on Assets (median %)
|
0.75
|
0.91
|
0.64
|
0.84
|
0.67
|
|
Net Interest Margin (median %)
|
3.85
|
4.09
|
4.09
|
3.98
|
4.06
|
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Yield on Earning Assets (median %)
|
5.05
|
5.29
|
5.39
|
5.20
|
5.55
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|
Cost of Funding Earning Assets (median %)
|
0.93
|
1.01
|
1.23
|
1.03
|
1.41
|
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Provisions to Avg. Assets (median %)
|
0.18
|
0.17
|
0.21
|
0.18
|
0.20
|
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Noninterest Income to Avg. Assets (median %)
|
0.99
|
0.88
|
0.84
|
0.91
|
0.86
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Overhead to Avg. Assets (median %)
|
3.83
|
3.70
|
3.77
|
3.72
|
3.79
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Liquidity / Sensitivity
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Net Loans to Assets (median %)
|
69.8
|
70.8
|
73.5
|
69.8
|
73.5
|
|
Noncore Funding to Assets (median %)
|
18.8
|
19.0
|
19.6
|
18.8
|
19.6
|
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Long-term Assets to Assets (median %, call filers)
|
35.4
|
34.8
|
32.1
|
35.4
|
32.1
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Brokered Deposits (number of institutions)
|
9
|
9
|
8
|
9
|
8
|
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Brokered Deposits to Assets (median % for those above)
|
1.7
|
2.5
|
2.6
|
1.7
|
2.6
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Commercial and Industrial
|
58.2
|
58.8
|
59.3
|
58.2
|
59.3
|
|
Commercial Real Estate
|
229.5
|
234.0
|
252.7
|
229.5
|
252.7
|
|
Construction & Development
|
29.7
|
26.0
|
28.3
|
29.7
|
28.3
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Multifamily Residential Real Estate
|
21.6
|
21.1
|
18.2
|
21.6
|
18.2
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Nonresidential Real Estate
|
172.6
|
180.9
|
199.7
|
172.6
|
199.7
|
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Residential Real Estate
|
436.2
|
445.5
|
445.5
|
436.2
|
445.5
|
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Consumer
|
21.9
|
20.1
|
19.7
|
21.9
|
19.7
|
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Agriculture
|
2.0
|
2.0
|
2.2
|
2.0
|
2.2
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BANKING PROFILE
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