Wisconsin banks reported net income of $839 million in the fourth quarter of 2012, up dramatically from $488 million in fourth quarter 2011, according to the Federal Deposit Insurance Corp.’s Quarterly Banking Profile.
Total assets were 98.6 billion, up from 97.3 billion a year prior. There were 266 institutions reporting, down from 271 in 2011.
About 9 percent of institutions were unprofitable, compared to more than 13 percent in 2011. However, losses from noncurrent loans – those that are 90 days or more overdue – have increased to $82 million, up from $68 million in 2011. The ratio of nonperforming assets to total assets was 2.49, down from 3.45 a year prior.
Nationally, the report showed banks reported net income of $141.3 billion, up from $118.4 billion in the fourth quarter of 2011. Total assets were 14.4 trillion, up from $13.8 trillion a year prior.
