Virginia at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.2%
|
0.3%
|
-3.1%
|
-0.4%
|
-3.2%
|
|
Manufacturing (6%)
|
-2.0%
|
-2.6%
|
-9.5%
|
-3.7%
|
-9.6%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-0.8%
|
-1.3%
|
-13.4%
|
-3.7%
|
-14.3%
|
|
Private Service-Producing (69%)
|
0.7%
|
0.8%
|
-2.5%
|
-0.1%
|
-2.6%
|
|
Government (19%)
|
-0.3%
|
0.2%
|
0.4%
|
0.4%
|
0.8%
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|
Unemployment Rate (% of labor force)
|
6.6%
|
6.8%
|
7.1%
|
6.9%
|
6.8%
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|
|
|
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Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-15.5%
|
-3.1%
|
-5.0%
|
0.3%
|
-19.0%
|
|
Multifamily Building Permits
|
-47.4%
|
99.3%
|
-9.4%
|
-1.6%
|
-36.8%
|
|
Home Price Index
|
-1.4%
|
-1.2%
|
-4.1%
|
-3.3%
|
-4.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.15
|
4.58
|
4.35
|
4.54
|
4.48
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BANKING TRENDS
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|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
115
|
117
|
119
|
115
|
119
|
|
Total Assets (in millions)
|
492,010
|
498,181
|
443,541
|
492,010
|
443,541
|
|
New Institutions (# < 3 years)
|
8
|
9
|
12
|
8
|
12
|
|
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 %)
|
4.28
|
4.21
|
3.98
|
4.28
|
3.98
|
|
Noncurrent Loans / Total Loans (median %)
|
2.10
|
2.12
|
1.82
|
2.10
|
1.82
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|
ALLL/Total Loans (median %)
|
1.71
|
1.62
|
1.44
|
1.71
|
1.44
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|
ALLL/Noncurrent Loans (median multiple)
|
0.79
|
0.73
|
0.77
|
0.79
|
0.77
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|
Net Loan Losses / Total Loans (median %)
|
0.68
|
0.42
|
0.46
|
0.57
|
0.46
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
9.44
|
9.44
|
9.59
|
9.44
|
9.59
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|
Return on Assets (median %)
|
0.38
|
0.52
|
0.22
|
0.38
|
0.18
|
|
Pretax Return on Assets (median %)
|
0.55
|
0.77
|
0.25
|
0.51
|
0.21
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Net Interest Margin (median %)
|
3.94
|
3.93
|
3.78
|
3.85
|
3.65
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Yield on Earning Assets (median %)
|
5.31
|
5.36
|
5.59
|
5.40
|
5.61
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Cost of Funding Earning Assets (median %)
|
1.33
|
1.43
|
1.77
|
1.49
|
1.98
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Provisions to Avg. Assets (median %)
|
0.55
|
0.52
|
0.65
|
0.61
|
0.59
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Noninterest Income to Avg. Assets (median %)
|
0.46
|
0.53
|
0.49
|
0.54
|
0.53
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Overhead to Avg. Assets (median %)
|
3.23
|
3.09
|
3.23
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3.12
|
3.05
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Liquidity / Sensitivity
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
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Net Loans to Assets (median %)
|
69.8
|
70.5
|
72.2
|
69.8
|
72.2
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Noncore Funding to Assets (median %)
|
26.5
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26.6
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27.7
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26.5
|
27.7
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Long-term Assets to Assets (median %, call filers)
|
24.4
|
23.8
|
22.0
|
24.4
|
22.0
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Brokered Deposits (number of institutions)
|
73
|
73
|
78
|
73
|
78
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Brokered Deposits to Assets (median % for those above)
|
4.8
|
5.4
|
5.2
|
4.8
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5.2
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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
|
58.3
|
55.1
|
58.6
|
58.3
|
58.6
|
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Commercial Real Estate
|
316.9
|
320.6
|
321.9
|
316.9
|
321.9
|
|
Construction & Development
|
59.4
|
64.5
|
71.7
|
59.4
|
71.7
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Multifamily Residential Real Estate
|
16.2
|
15.9
|
15.2
|
16.2
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15.2
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Nonresidential Real Estate
|
212.5
|
202.9
|
195.7
|
212.5
|
195.7
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Residential Real Estate
|
221.2
|
226.0
|
218.3
|
221.2
|
218.3
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Consumer
|
19.3
|
20.7
|
27.0
|
19.3
|
27.0
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Agriculture
|
5.0
|
5.6
|
4.3
|
5.0
|
4.3
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BANKING PROFILE
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