Peter Bildsten is the secretary
of the Wisconsin Department of Financial Institutions, the
agency that oversees state-chartered banks.
Wisconsin’s state-chartered banks in 2013 increased net
income by 44 percent compared to the previous year,
according to data released Wednesday by the Federal Deposit
Net income through Dec. 31 totaled $539.2 million, up from
$374.1 million in 2012. In addition, Wiscon-sin’s 193
state-chartered banks posted a 1.19 percent return on
assets, up from 0.84 percent in 2012.
The state-chartered banks also reduced past loans to 2.32
percent in 2013, down from 3.38 percent the previous year.
Furthermore, they grew their capital ratio to 11.47 percent,
up from 11.12 percent.
“Wisconsin’s state-chartered banks had a very solid year in
2013,” said Peter Bildsten, Secretary of the Wisconsin
Department of Financial Institutions, the agency that
oversees state-chartered banks. “While total loans and
deposits were basically unchanged compared to 2012, state
banks were able to grow their earnings by improving the
quality of their loan portfolios. Wisconsin banks are in a
very strong position as they head into 2014.”
According to the statement, many metrics, such as capital
ratios, past due loan levels and return on as-sets, are back
to pre-economic crisis levels for state banks.