2014 lending grows over six percent at state-chartered banks

Special to The Freeman

March 4, 2015

MADISON – Total lending grew by 6.3 percent at Wisconsin’s state-chartered banks in the year ending Wednesday, Dec. 31, 2014, compared to the previous year, according to data released by the Federal Deposit Insurance Corp.

Compared to 2013, Wisconsin’s 188 state-chartered banks:

     Grew total loans and leases to $32.5 billion, up from $30.6 billion in 2013.

     Improved their capital ratio to 11.60 percent, up from 11.47 percent.

     Reduced their past due loan ratio to 1.81 percent, down from 2.32 percent.

     Realized net income of $455.2 million, down from $537.9 million. The decrease was driven in large part by a significant year-over-year increase in expense for applicable income taxes.

“2014 was a solid year for state-chartered banks,” said Mike Mach, Administrator of DFI’s Division of Banking. “Capital levels are at historically high levels, loan growth is strong, and loan quality is in excellent shape. While the industry as a whole saw a dip in net income, more than half of state-chartered banks increased their year-over-year earnings in 2014, and more than 96 percent were profitable.”

For more information, visit www.wdfi.org.