Wisconsin banks reported net income of $614 million in the first half of the year, up from $471 million in the first half of 2014, according to the Quarterly Banking Profile released today by the Federal Deposit Insurance Corp.
There were 246 FDIC-insured financial institutions reporting in the second quarter, down from 255 in the second quarter of 2014. Those banks employ a total of 22,398 employees, down from 22,596 in the same period a year ago.
The banks’ combined assets totaled $103.7 million, up from $101 million in the second quarter of 2014.
Lending was up in the quarter, with loans and leases totaling $73.3 million, up from $69.8 million in the same period a year ago.
The net loans and leases to assets condition ratio was 69.5 percent, compared with 67.9 percent in the second quarter of 2014.
Madison-based AnchorBank fsb led Wisconsin banks in the quarter, with $101.4 million in net income and total assets of $2.2 billion.
Green Bay-based Associated Bank NA ranked second in the second quarter, with $57.8 million in net income and $27 billion in assets. Madison-based John Deer Financial f.s.b. came in third, with $12.7 million in net income and $2.6 billion in net assets.
Northwestern Mutual Wealth Management had the fourth highest net income, with $7.2 million. And Johnson Bank placed fifth, with $5.5 million in net income in the second quarter.
Wisconsin’s state-chartered banks experienced an 8.7 percent increase in net income and increased lending by 6.3 percent during the quarter, according to the Wisconsin Department of Financial Institutions.