MADISON — Both net income and
total lending at Wisconsin’s state-chartered banks increased
during the first quarter that ended March 31, according to a
Monday report from the Federal Deposit Insurance Corp.
Net income grew nearly 20 percent and total lending increased by
7 percent for Wisconsin’s 185 state-chartered banks during the
first quarter when compared to the previous year.
Compared to the first quarter of 2014, the banks reported net
income growth of $124.5 million, up 19.6 percent from the prior
year. In addition, total loans increased to $32.8 billion, up
from $30.7 billion and banks improved their capital ratio to
11.92 percent, up from 11.59 percent. Also, the banks reduced
their past due loan ratio to 1.94 percent, down from 2.45
“State-chartered banks had a very strong first quarter,” said
Ray Allen, secretary of the Department of Financial
Institutions, which oversees state-chartered banks. “The solid
growth in lending, coupled with the positive trend in credit
quality, are indeed signs that the Wisconsin economy continues
According to Monday’s release, more than 97 percent of
state-chartered banks were profitable in the first quarter and
that 71 percent realized earnings gains compared to 2014.