Wisconsin’s Banks Report Strong Mid-Year Financial Performance
MADISON, Wis. – Wisconsin’s 135 state-chartered banks continue to exhibit strong financial performance as of June 30, 2021, according to data released today by the Wisconsin Department of Financial Institutions (DFI).
In the twelve months ending on June 30, 2021:
- The capital ratio remained strong at 10.92% compared to 11.02% in June of 2020;
- The past due ratio declined to 0.85% from early pandemic levels when the ratio was 1.22% in June of 2020;
- Net operating income was over $463.7 million compared to $346.2 million in June of 2020. The return on average assets ratio was 1.44% and has increased from 1.23% in June of 2020 in part due to strong asset performance and continued secondary market refinance fee income; and
- Bank liquidity has been strong putting pressure on the loans to assets ratio at 65.74% compared to more normal liquidity levels earlier in the pandemic of 71.82% in June of 2020.
“Wisconsin’s state-chartered banks have continued to demonstrate sound financial practices while helping their communities through the economic impacts of the pandemic,” said DFI Secretary Kathy Blumenfeld. “Overall, Wisconsin’s state-chartered banks are financially stable and have adjusted to their changing circumstances while working with their customers to meet their financial needs.”
To learn more, read DFI’s Bank Performance Indicator Report as of June 30, 2021.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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