According to the FDIC, Wisconsin’s banks had sluggish improvement in asset quality, earnings, capital ratios and other economic indicators.
The second quarter 2010 report, issued yesterday by the FDIC, indicates that Wisconsin-based banks saw their past due or nonaccrual loans, as a percentage of total loans, fall to a median of 4.05 percent for the quarter, from 4.35 percent in the first quarter of the year and 4.44 percent in the second quarter of 2009.
Banks’ Tier 1 leverage has risen to a median of 9.58 percent for the quarter, up from 9.51 percent in the first quarter. Median return on assets in the state was .66 percent, up from .62 percent in the first quarter.
Net loans to assets remained at a median level of 70.8 percent for the quarter.
According to the FDIC, the banks and financial services firms based in southeastern Wisconsin with the highest earnings for the first quarter were:
- Johnson Bank, Racine; $4.9 million
- Tri City National Bank, Oak Creek; $4.2 million
- Northwestern Mutual Wealth Management, Milwaukee; $2.99 million
- Waukesha State Bank, Waukesha; $2.2 million
- First Bank Financial Centre, Oconomowoc; $1.1 million
- North Shore Bank, Brookfield; $993,000
- Great Midwest Bank, Brookfield; $934,000
- Town Bank, Hartland; $849,000
Other notable banks included:
- Associated Bank, Green Bay; $1.6 million
- The PrivateBank, Milwaukee; $526,000
- Commerce State Bank, West Bend; $343,000
- The Equitable Bank, Wauwatosa, $303,000
- Park Bank, Milwaukee; $1.17 million
- Citizens Bank of Mukwonago, Mukwonago; -$146,000
- Legacy Bank, Milwaukee; -$159,000
- Banks of Kenosha, Kenosha; -$402,000
- Foundations Bank, Pewaukee; -$1.13 million
- Waterstone Bank, Waukesha; -$1.39 million
- Southport Bank, Kenosha; -$1.48 million
- Guaranty Bank, Milwaukee; -$4.65 million
- First Banking Center, Burlington; -$21.7 million
- M&I Bank, Milwaukee; -$126 million
