Wisconsin state banks reported combined net income of $1.02 billion in the fourth quarter of 2013, up from $828 million in the fourth quarter of 2012, according to the Quarterly Banking Profile released by the Federal Deposit Insurance Corp. today.
The report included 260 reporting institutions, down from 266 last year. Total assets were $99.2 billion, up from $98.6 billion a year ago. Total deposits were $79.3 billion, up from $78.9 billion in the fourth quarter of 2012.
Lending was up slightly, with $67.2 billion in total loans and leases compared to $66.9 billion in the fourth quarter of 2012.
Racine-based Johnson Bank topped Wisconsin banks, reporting $100.1 million in net income for the quarter. The bank has $3.9 billion in total assets.
Next was Green Bay-based Associated Bank, with $50.7 million in quarterly net income, followed by Madison-based John Deere Financial at $21.3 million, Milwaukee-based Northwestern Mutual Wealth Management with $8.4 million and Sheboygan-based Community Bank & Trust with $5.9 million in net income.
Nationally, FDIC-insured institutions reported aggregate net income of $40.3 billion in the fourth quarter of 2013, a 16.9 percent increase from the $34.4 billion in earnings reported a year earlier.
