Lending up at Wisconsin banks

Freeman Staff

August 29, 2014

MADISON ó Total lending by Wisconsinís state-chartered banking increased by 5.1 percent during the fist half of the year, according to the state Department of Financial Institutions.

The 192 state-chartered banks lent $31.5 billion, compared to $30 billion in the first half of 2013, while the net income of those banks remained largely unchanged at $230.8 million.

The banks also had an improved past due loan ratio of 2.19 percent, compared to 2.83 percent last year. The banks increase their capital ration to 11.71 percent from 11.51 percent last year.

The increased lending matched a nationwide trend, DFI Decretary Peter Bildsten said.

Mike Mach, administrator of DFIís Division of Banking noted the capital levels at Wisconsin banks is, on average higher than other institutions nationally.