Wisconsin banks more profitable in 2015

Commercial and residential lending increased

Coins stacked

Last updated on July 2nd, 2019 at 09:09 am

Wisconsin banks reported $1.2 billion in net income in 2015, up from $930 million in 2014, according to the fourth quarter Quarterly Banking Report released today by the Federal Deposit Insurance Corp.

There were 243 institutions reporting in the fourth quarter of 2015, down from 250 in the fourth quarter of 2014, making the profit increase more significant.

Total assets were $106.9 billion for Wisconsin’s banks at the end of 2015, up from $102.6 billion at the end of 2014.

Lending was also up, with total loans and leases of $74.9 billion in the fourth quarter of 2015, up from $70.7 billion in the same period the prior year.

Total deposits increased to $86.1 billion in the fourth quarter of 2015, compared with $81.5 million in the fourth quarter of 2014.

The ratio of net loans and leases to assets increased to 68.9 percent, up from 67.7 percent in the same period a year ago. Noncurrent loans and leases to total loans and leases, however, decreased from 1.4 percent in the fourth quarter of 2014 to 1 percent in the fourth quarter of 2015.

Green Bay-based Associated Bank N.A. reported the highest profit in the fourth quarter, with $51.6 million in net income. The bank has $27.6 billion in total assets.

Madison-based John Deere Financial f.s.b. was second in profits, with $19.7 million in the quarter. It has $2.1 billion in assets. In third place was Madison-based AnchorBank fsb, which had fourth quarter net income of $9.1 million, and has assets of $2.2 billion.

Racine-based Johnson Bank was No. 4, with $6.2 million in profit in the fourth quarter. Johnson Bank has $4.2 billion in total assets. And in the fifth spot was Milwaukee-based Northwestern Mutual Wealth Management, with net income of $5.7 million in the fourth quarter, and total assets of $204.3 million.

Oswald Poels
Oswald Poels

Rose Oswald Poels, president and chief executive officer of the Wisconsin Bankers Association, pointed out the increase in commercial and industrial lending (up 3.9 percent) and residential loans (up 4.5 percent) among the state’s banks in 2015.

“Wisconsin’s banks continue their integral role in driving economic growth, ending 2015 on a very strong note according to the latest FDIC quarterly numbers,” Poels said. “As with the previous quarter, virtually every category of lending saw growth when compared to the same timeframe in 2014. The fourth quarter showed positive signs in the key indicators of how banks helped businesses grow and families prosper.”

Read more economic data reports on the BizTracker page.

Molly Dill, former BizTimes Milwaukee managing editor.

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