Wisconsin banks increase lending

Wisconsin’s banks reported combined net income of $472 million through the end of the second quarter, down from $495 million in net income through the end of the second quarter of 2013, according to the Quarterly Banking Profile released today by the Federal Deposit Insurance Corp.

The report included 255 reporting institutions, down from 261 last year. Total assets were $101 billion, up from $97.3 million in the second quarter of 2013. Total deposits were $78.6 million, up from $77.5 million a year ago.

Lending was up, with $69.8 billion in total loans and leases, compared to $67.3 billion in the second quarter of 2013.

“Wisconsin’s banks demonstrated their continued support of the state’s businesses with a dramatic 12 percent increase in commercial lending over the past year,” said Rose Oswald Poels, president and chief executive officer of the Wisconsin Bankers Association. “The industry marked a strong growth in key categories including overall lending as well as showing a decrease in delinquencies compared to last year. These signs sharply illustrate that Wisconsin’s banks continue to play a critical role as economic drivers in supporting businesses and consumers.”

Green Bay-based Associated Bank N.A. topped Wisconsin banks, reporting $49.2 million in net income for the quarter. The bank has $25.5 billion in total assets.

Next was Madison-based John Deere Financial f.s.b., with $20.6 million in quarterly net income, followed by Milwaukee-based Northwestern Mutual Wealth Management, with $7 million in net income for the quarter.

Racine-based Johnson Bank, with $7 million, and Baraboo-based The Baraboo National Bank, with $6.2 million, rounded out the top five.

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