MILWAUKEE – Banks headquartered
in Wisconsin had earnings of slightly more than $1 billion last
year, according to a report released Wednesday.
Earnings were up 24.3 percent from net income of $828 million in
2012, according to the Federal Deposit Insurance Corp. The
percentage of loans and leases that were delinquent dropped to
1.79 percent from 2.54 percent.
Total loan growth increased slightly from a year earlier, to
$67.2 billion from $66.7 billion, the report said.
Fourteen of 260 banks were unprofitable last year, compared with
25 when 2012 ended.
"Banks saw a positive improvement in almost every major
measurement category, including lending overall, when compared
to where the industry was a year ago," said Rose Oswald Poels,
president and chief executive of the Wisconsin Bankers
Association. "This advancement is even more definitive when
looking at the economic picture from two years ago."
Green Bay-based Associated Bank had the highest net income among
non-specialty banks at $209.3 million. Following Associated were
Racine-based Johnson Bank, $135 million; Brown Deer-based
Guaranty Bank, $17.1 million; Fond du Lac’s National Exchange
Bank & Trust, $16 million; and Charter Bank Eau Claire, $15.8
The bank with the biggest loss during 2013 was Baraboo National
Bank, $22.1 million.