Wisconsin’s State-Chartered Banks Report Strong Fiscal Performance at Year-End 2019

By Wisconsin Department of Financial Institutions - Mar 5th, 2020 09:45 am

MADISON, Wis. – Wisconsin’s state-chartered banks reported strong fiscal performance through year-end 2019, according to data recently released by the Federal Deposit Insurance Corporation (FDIC) and the Wisconsin Department of Financial Institutions (DFI).

“More than 98% of all Wisconsin state-chartered banks were profitable in 2019, and 78% realized earnings gains compared to 2018,” said DFI Secretary Kathy Blumenfeld, who oversees state-chartered banks. “The stability of outstanding loans was the most significant factor in the strong growth in net income. Overall, Wisconsin’s state-chartered banks are financially stable with a positive outlook.”

Key financial indicators for Wisconsin’s 143 state-charted banks include:

Total assets as of Dec. 31, 2019 were at $56.3 billion.
Net income increased by 3.6% from $641.6 million to $664.7 million.
Total interest income increased by 4.89% in 2019 compared to 2018.
Total equity capital at year-end was $6.68 billion.
The return on average assets ratio was 1.25% compared to 1.17% in 2018.
Net loans remained stable in 2019 with a total of $40.8 billion.
Capital ratio of 11.86% was a slight decline from 11.97% in 2018.
Delinquent loans as a percentage of loans increased slightly to 0.37% in 2019 from 0.35% in 2018. Banks decreased their allowance for loan losses to $531 million (1.28%) from $548 million (1.31%) at year-end 2018.

Additional information regarding Wisconsin’s state-chartered banks year-end 2019 performance is available in the Bank Performance Indicator Report as of Dec. 31, 2019.

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.

Mentioned in This Press Release

People: Kathy Blumenfeld

Government: Department of Financial Institutions

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