Wisconsin Banks increased lending in second quarter

Wisconsin banks reported net income of $614 million in the first half of the year, up from $471 million in the first half of 2014, according to the Quarterly Banking Profile released today by the Federal Deposit Insurance Corp.

There were 246 FDIC-insured financial institutions reporting in the second quarter, down from 255 in the second quarter of 2014. Those banks employ a total of 22,398 employees, down from 22,596 in the same period a year ago.

The banks’ combined assets totaled $103.7 million, up from $101 million in the second quarter of 2014.

Lending was up in the quarter, with loans and leases totaling $73.3 million, up from $69.8 million in the same period a year ago.

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The net loans and leases to assets condition ratio was 69.5 percent, compared with 67.9 percent in the second quarter of 2014.

Madison-based AnchorBank fsb led Wisconsin banks in the quarter, with $101.4 million in net income and total assets of $2.2 billion.

Green Bay-based Associated Bank NA ranked second in the second quarter, with $57.8 million in net income and $27 billion in assets. Madison-based John Deer Financial f.s.b. came in third, with $12.7 million in net income and $2.6 billion in net assets.

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Northwestern Mutual Wealth Management had the fourth highest net income, with $7.2 million. And Johnson Bank placed fifth, with $5.5 million in net income in the second quarter.

Wisconsin’s state-chartered banks experienced an 8.7 percent increase in net income and increased lending by 6.3 percent during the quarter, according to the Wisconsin Department of Financial Institutions.
“The overall health of Wisconsin banks is very strong,” said Ray Allen, secretary of the DFI, which oversees state-chartered institutions. “As the Wisconsin economy continues to grow, our state-chartered banks are well positioned to handle increasing demand for products and services from businesses and consumers.”

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