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Hawaii 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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Q1-10
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Q4-09
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Q1-09
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2009
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2008
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Total Nonfarm (share of trailing four quarter employment in parentheses)
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-2.3%
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-3.9%
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-4.2%
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-4.5%
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-0.9%
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Manufacturing (2%)
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-3.3%
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-6.2%
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-7.3%
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-8.1%
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-2.6%
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Other (non-manufacturing) Goods-Producing (5%)
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-10.4%
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-16.9%
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-14.6%
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-16.9%
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-3.2%
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Private Service-Producing (71%)
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-1.8%
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-3.1%
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-4.9%
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-4.7%
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-1.5%
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Government (21%)
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-1.6%
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-2.7%
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2.0%
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0.5%
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2.4%
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Unemployment Rate (% of labor force)
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6.9%
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6.9%
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6.3%
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6.8%
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4.1%
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Other Indicators
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Q1-10
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Q4-09
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Q1-09
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2009
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2008
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Single-Family Home Permits
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1.0%
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43.4%
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-43.5%
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-20.4%
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-46.6%
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Multifamily Building Permits
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135.9%
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-70.6%
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28.3%
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-65.2%
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-14.0%
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Home Price Index
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-7.7%
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-7.9%
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-5.6%
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-7.4%
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-4.0%
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Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
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2.72
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2.44
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2.10
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2.32
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1.56
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BANKING TRENDS
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General Information
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Q1-10
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Q4-09
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Q1-09
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2009
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2008
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Institutions (#)
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9
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9
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9
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9
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9
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Total Assets (in millions)
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38,849
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38,734
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38,028
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38,734
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37,045
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New Institutions (# < 3 years)
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0
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0
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1
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0
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2
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Subchapter S Institutions
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0
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0
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0
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0
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0
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Asset Quality
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Q1-10
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Q4-09
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Q1-09
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2009
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2008
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Past-Due and Nonaccrual Loans / Total Loans (median %)
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2.67
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2.49
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2.78
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2.49
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1.21
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Noncurrent Loans / Total Loans (median %)
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2.02
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1.76
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1.78
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1.76
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0.53
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ALLL/Total Loans (median %)
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2.04
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1.86
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1.54
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1.86
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1.58
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ALLL/Noncurrent Loans (median multiple)
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1.01
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0.97
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0.77
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0.97
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1.86
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Net Loan Losses / Total Loans (median %)
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0.60
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1.76
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0.83
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0.86
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0.43
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Capital / Earnings
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Q1-10
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Q4-09
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Q1-09
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2009
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2008
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Tier 1 Leverage (median %)
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9.06
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8.99
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9.28
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8.99
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8.89
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Return on Assets (median %)
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0.14
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-0.36
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0.43
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0.34
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0.29
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Pretax Return on Assets (median %)
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0.10
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-0.68
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0.57
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0.48
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0.45
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Net Interest Margin (median %)
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4.09
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4.17
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4.04
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3.94
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3.83
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Yield on Earning Assets (median %)
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4.65
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4.85
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5.43
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5.30
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5.88
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Cost of Funding Earning Assets (median %)
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1.04
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1.16
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1.60
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1.40
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1.95
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Provisions to Avg. Assets (median %)
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0.67
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0.87
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0.63
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0.79
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0.55
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Noninterest Income to Avg. Assets (median %)
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0.49
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0.53
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0.88
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0.86
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0.64
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Overhead to Avg. Assets (median %)
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3.07
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3.17
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3.21
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3.31
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3.70
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Liquidity / Sensitivity
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Q1-10
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Q4-09
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Q1-09
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2009
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2008
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Net Loans to Assets (median %)
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60.7
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60.0
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69.4
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60.0
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72.9
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Noncore Funding to Assets (median %)
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24.0
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24.1
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25.8
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24.1
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25.6
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Long-term Assets to Assets (median %, call filers)
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14.3
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21.1
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21.0
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21.1
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21.3
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Brokered Deposits (number of institutions)
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5
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5
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5
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5
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5
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Brokered Deposits to Assets (median % for those above)
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0.5
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2.2
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4.3
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2.2
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4.0
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q1-10
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Q4-09
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Q1-09
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2009
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2008
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Commercial and Industrial
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95.6
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97.1
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111.0
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97.1
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105.7
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Commercial Real Estate
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289.8
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285.7
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300.7
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285.7
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306.1
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Construction & Development
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30.4
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32.0
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32.6
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32.0
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31.5
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Multifamily Residential Real Estate
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27.0
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27.5
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25.6
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27.5
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34.4
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Nonresidential Real Estate
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134.9
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133.6
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143.8
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133.6
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147.6
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Residential Real Estate
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199.5
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206.0
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213.3
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206.0
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220.1
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Consumer
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20.2
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23.9
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16.6
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23.9
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17.5
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Agriculture
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0.2
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0.2
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0.3
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0.2
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0.4
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BANKING PROFILE
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