Wisconsin’s state-chartered banks increased lending by 6.3 percent in 2014, according to the Wisconsin Department of Financial Institutions.
There are 188 state-chartered banks, which DFI analyzed through the recent Quarterly Banking Profile released by the Federal Deposit Insurance Corp.
Net income of the state-chartered banks, however, totaled $455.2 million, down from $537.9 million. The DFI attributed the decrease to a large increase in expense for applicable income taxes in 2014.
Total loans and leases were a combined $32.5 billion, up from $30.6 billion in 2013.
Banks under DFI’s jurisdiction reduced their past due loan ratio to 1.81 percent in 2014, from 2.32 percent the previous year. The capital ratio also improved, from 11.47 percent to 11.6 percent.
“2014 was a solid year for state-chartered banks,” said Mike Mach, administrator of DFI’s Division of Banking. “Capital levels are at historically high levels, loan growth is strong, and loan quality is in excellent shape. While the industry as a whole saw a dip in net income, more than half of state-chartered banks increased their year-over-year earnings in 2014, and more than 96 percent were profitable.”
