MADISON – The latest Federal
Deposit Corp. report shows that profitability is improving for
Wisconsin banks but most aren’t issuing many new loans.
Through the first three quarters of the year, Wisconsin-based
banks reported $743 million in net income, a 16.3 percent
increase over the same period last year. Total assets as of
Sept. 30 were nearly flat at $97.65 billion, while total lending
decreased 0.4 percent to $67.26 billion.
Nonperforming assets shrank to 2 percent of total assets as of
Sept. 30, down from 2.71 percent a year before.
“This has been the consistent, yet slow, picture of improvement
for (banks and consumers) over the last few quarters,” said Rose
Oswald Poels, president and CEO of the Wisconsin Bankers
Association. “It is the upward economic trending we all want to
see in the Badger State, albeit not as quickly as all of us
would like. Yet loan demand continues to stay at relatively low
Only 17 of the 260 Wisconsin financial institutions had a net
loss in the third quarter. The biggest loss reported was
Guaranty Bank, Milwaukee, at $2.3 million. Green Bay-based
Associated Bank had the highest net income with $50.5 million,
with AnchorBank, Madison, at No. 2 among full-service, federally
insured, state institutions, with earnings of $10.3 million.