Lending increases 6.6% at Wisconsin banks

Freeman Staff

Nov. 24, 2017

MADISON — During the first three quarters of 2017, net lending at Wisconsin state-chartered banks increased by 6.6 percent compared to the previous year, according to data released by the Federal Deposit Insurance Corp on Wednesday.

Compared to the first three quarters of 2016, Wisconsin’s 159 state-chartered banks:

Increased net loans to $37.5 billion, up from $35.2 billion.

Posted a net income of $419.4 million, a decline of 0.7 percent from $422.6 million.

Reduced their past-due loan ratio to 1.26 percent, from 1.43 percent.

Maintained a strong capital ratio of 11.75 percent, compared to 11.88 percent.

“The continued growth in lending is a positive sign for the Wisconsin banking industry and for the state’s economy,” said Jay Risch, secretary of the Department of Financial Institutions, which oversees state-chartered financial institutions. “State-chartered banks are in a solid position to continue to provide the products and services their customers need and want.”

In the first nine months of 2017, nearly 65 percent of state-chartered banks have posted earnings gains over the same period in 2016, according to the data.