Income and lending increase at Wisconsin banks

Freeman Staff

Sept. 2, 2015

MADISON — Wisconsin’s state-chartered banks saw net income increase 8.7 percent and total lending go up by 6.3 percent during the first half of the year when compared to the same period in 2014, according to a Wednesday report from the Federal Deposit Insurance Corp.

In the two quarters ending June 30, Wisconsin’s 185 state-chartered banks grew net income to $251 million, up from $230.8 million, and increased total loans to $33.5 billion, up from $31.5 billion during the same period in 2014. In addition, the banks improved their capital ratio to 11.87 percent, up from 11.71 percent and reduced their past due loan ratio to 1.71 percent, down from 2.19 percent, according to the report.

“The overall health of Wisconsin banks is very strong,” said Ray Allen, secretary of the Department of Financial Institutions, which oversees state-chartered institutions, in a statement. “As the Wisconsin economy continues to grow, our state-chartered banks are well positioned to handle increasing demand for products and services from businesses and consumers.”

Also, Wisconsin banks continue to see improvements in commercial and industrial loans with commercial and industrial lending at state-chartered banks topping $5.5 billion as of June 30, which is an increase of more than 6 percent compared to 2014, according the data released Wednesday.