FDIC Quarterly Numbers Show Rebound in Economy

Statement on the release of first-quarter 2021 Federal Deposit Insurance Corporation (FDIC) numbers from Rose Oswald Poels, president and CEO of the Wisconsin Bankers Association

  • The numbers demonstrate banks' financial strength and an improving economy.
  • Wisconsinites continue to save money as deposits have increased over the prior year (17%) and loan volume grew slightly.
  • A decrease in noncurrent loans and leases compared to last year (11%) shows more customers are up to date on their payments.
  • Banks continue to demonstrate their health through strong earnings and positive growth.

“Wisconsin banks maintained a strong financial position throughout the last year as they assisted with the financial stresses of their customers through the pandemic. Commercial and industrial loans grew nearly 20 percent year over year in part due to Paycheck Protection Program (PPP) lending, providing businesses with critical money to ensure employees were paid. Looking ahead, strong capital and liquidity levels position Wisconsin banks well to respond to customers' lending needs.” 

FDIC-Reported Wisconsin Numbers*  

  

 3/31/2021

 3/31/2020

 YoY Change 

Net loans and leases  

 92,216,891

 88,536,369

 +4.16%

Total deposits  

 111,104,235 

 94,965,014

 +16.99%

Commercial and industrial loans  

 18,592,639

 15,494,730

 +19.99% 

Residential loans  

 22,702,118

 24,007,126

 -5.44%

Farmland loans  

 3,490,057

 3,568,243

 -2.19%

Farm loans  

 3,690,631

 3,970,903

 -7.06%

Total assets  

 136,441,222

 121,634,760 

 +12.17%

Noncurrent loans and leases  

 610,802

 689,260

 -11.38%

 * dollar figures in thousands 

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About the Wisconsin Bankers Association
Founded in 1892, WBA is the state’s largest financial industry trade association, representing more than 200 commercial banks and savings institutions, their branches, and over 21,000 employees. The Association represents banks of all sizes in Wisconsin, and nearly 98 percent of banks in the state are WBA members. 

By, Cassie Krause