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Latest FDIC Data Highlights Strong Performance of Wisconsin Banks

On December 12, 2024, the Federal Deposit Insurance Corporation (FDIC) released numbers showing Wisconsin banks continued to be in a healthy position through the third quarter of 2024. While residential real estate lending dipped slightly over the prior year (-2.34%), farm lending held steady (-0.29%) and commercial lending increased (2.50%). Deposits increased year over year (3.53%), due in part to the high interest rates offered on certificates of deposit (CDs) and money market accounts. The Q3 2024 net interest margin of 3.18% is a slight decrease over the prior year (3.19%) but an increase over the prior quarter (3.14%). Wisconsin banks remain well capitalized. 

Notable indicators include: 

  • Residential real estate loans decreased slightly year over year (-2.34%). Inventory continues to be very limited, and homeowners who refinanced at low interest rates during the pandemic have little incentive to move. Seasonal trends in housing sales played into the decrease from the prior quarter (-11.70%) with spring typically being the most popular time to move in Wisconsin. 
  • Commercial lending saw modest growth year over year (2.50%) and quarter over quarter (1.19%) as the Fed began easing interest rates in September. 
  • Farm loans held steady year over year (-0.29%) and increased quarter over quarter (4.68%) as farmers sought to upgrade equipment, make capital improvements, or manage operational costs affected by tighter margins. 
  • Past-due loans were elevated year over year (19.30%) and quarter over quarter (6.55%) as inflation and the high cost of living impacts borrowers. While banks continue to monitor credit quality, the current level of past-due loans remains above recessionary levels. 

Statement on the release of third-quarter 2024 Federal Deposit Insurance Corporation (FDIC) numbers from Rose Oswald Poels, president and CEO of the Wisconsin Bankers Association:  

“The latest FDIC report underscores the continued strength and adaptability of Wisconsin banks. While monitoring the effects of inflation, Wisconsin’s banks remain well capitalized and continue to meet the needs of their communities. A decrease in interest rates in September helped commercial borrowers’ lending needs and allowed banks the opportunity to support those customers’ growth and financial goals.” 

FDIC-Reported Wisconsin Numbers (Dollar Figures in Thousands) 

   9/30/2024 6/30/2024 QoQ Change 9/30/2023 YoY Change
Net loans and leases  $114,405,149 $112,992,032 1.25% $111,536,377 2.57%
Total deposits  $125,335,066 $122,315,576 2.47% $121,056,967 3.53%
Commercial and industrial loans $18,396,211 $18,179,173 1.19% $17,946,778 2.50%
Residential real estate loans  $30,702,592 $34,770,361 -11.70% $31,436,804 -2.34%
Farm loans  $5,173,857 $4,942,403 4.68% $5,188,674 -0.29%
Total assets  $158,239,189 $155,167,083 1.98% $153,647,895 2.99%
Assets 90+ days past due or in nonaccrual status  $618,665 $580,617 6.55% $518,570 19.30%
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Prevail Bank: Montes is New Prevail Bank-Medford Manager

Yolanda Montes

Prevail Bank is excited to share that Yolanda Montes is the new Branch Manager in Medford. Montes has over 5 years’ experience in banking with an exceptional customer service aptitude. She is bilingual (fluent in Spanish and English) and excels in interpersonal communications, organization, and building trusted relationships with co-workers and customers.

Montes, a Stetsonville native and current Medford resident, proudly calls herself a coffee connoisseur. Her favorite brew comes from Starbucks, where she often indulges in a Caramel Macchiato. For an extra kick, she recommends the Americano. When she’s not savoring her favorite coffee, Montes enjoys reading and spending quality time with her husband and two children. As a family, they love watching movies—Toy Story tops their list—and making memories at local parks

 

 

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Bonduel State Bank’s Laurie Peterson Recognized with WBA Lifetime Service Award

Pictured (left to right): Laurie Peterson, VP operations Bonduel State Bank and Rose Oswald Poels WBA president and CEO.

WBA President and CEO Rose Oswald Poels presented a WBA Lifetime Service Award to Laurie Peterson, vice president operations with Bonduel State Bank. in recognition of her 40 years of service in the banking industry. 

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Executive Letter: Upcoming Opportunities to Meet Regulators in Madison

By Rose Oswald Poels

WBA’s advocacy efforts take on many forms, including the opportunity for banks to host a “Take Your Legislator to Work Day”, participate in trips to Washington, D.C. to meet with decision makers of banking issues, and through the efforts of the WBA Government Relations team to advance pro-banking legislation.

Advocacy efforts can also take affect through meeting with state and federal regulators. In addition to traveling to Washington, D.C. for WBA’s Fall Regulatory Trip, I have hosted many meetings over the years with bankers and state and federal banking regulators at the WBA Offices. These meetings allow for senior bank management to meet directly with regional or local regulators for small group discussions. These meetings have always led to meaningful conversations and allow bankers the opportunity to share concerns directly with their regulators.

As with many things during the pandemic, our local regulatory meetings had been postponed given travel restrictions of the supervisory agencies and so that bank management could focus on assisting customers and staff through pandemic recovery. However, time has now come to reinvigorate these meetings and to once again host an opportunity for bankers to meet with regulators here in Wisconsin.

Over the next several months I will be working to arrange in-person meetings with the FDIC, OCC, FRB, and DFI at the WBA Offices in Madison. These meetings are with regional and local office representatives and are limited in size to allow for all participants to engage directly with supervisory staff. Dates have not yet been set for the upcoming meetings; however, we are collecting names of those seeking to participate in the small group meetings.

If you wish to participate in an upcoming small group meeting with your federal or state regulator, please share your name and contact information with WBA’s VP Legal, Heather MacKinnon, at 608-441-1263 or hmackinnon@wisbank.com. As we work to finalize meeting arrangements, we will reach out with each of you directly regarding available meeting dates/times and to finalize meeting plans.

Please consider this opportunity to meaningfully impact WBA’s regulatory advocacy and join a small group meeting with your banking regulators here at the WBA Offices. Space is limited to 8-10 bankers per meeting.

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Farmers & Merchants State Bank: Farmers & Merchants State Bank Supports Local Heroes with Donation to Lake Mills Fire Department

Pictured (from left to right): Nicki Kelly – VP of Marketing at F&M, Gregg Mashack – President and CEO of F&M, and Lake Mills Fire Chief Jason Russ

Farmers & Merchants State Bank is proud to announce its recent donation to the Lake Mills Fire Department in support of their ongoing efforts to keep our community safe. As a community-focused bank, F&M recognizes the vital role first responders play in protecting the people and places we call home.

The donation will help provide resources and equipment the department needs to enhance its operations and better serve Lake Mills and the surrounding areas.

At F&M, we believe in supporting those who support our communities. We are grateful for the unwavering dedication of the Lake Mills Fire Department and all first responders who put others first every day.

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Security Financial Bank: SFB Welcomes Scott Sisko as Relationship Manager

Scott Sisko

Mark Oldenberg, president and CEO of Security Financial Bank (SFB), is pleased to announce that Scott Sisko has joined the SFB team as a relationship manager in SFB’s Ladysmith office.

With more than 34 years of financial institution experience, Sisko has served as an agricultural, commercial, consumer, and mortgage lender in his career. He also had his real estate broker’s license for nearly 30 years and once owned and operated Sisko Realty.

“We are excited to welcome Scott and the extensive knowledge he brings,” said Oldenberg. “His deep understanding of Rusk County and the specific needs of local businesses makes him a valuable asset to our team.”

Sisko grew up on a dairy farm near Hawkins, WI and is a part-owner of the Sisko Family Farm. Sisko attended Ladysmith High School and graduated from UW-River Falls with a bachelor of science degree in agricultural education.

“I’m excited to return to my roots and extend my banking career, while serving the SFB agricultural and commercial loan customers with their credit and deposit needs,” said Sisko.

Outside of work, Sisko is an active volunteer with his church. He has been married to his wife Mary for 41 years and they have three children and four grandchildren. His hobbies include hunting, fishing, gardening and spending time with his children and grandchildren.

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Premier Community Bank: Premier Community Bank Celebrates Grand Opening of New Winneconne Branch

Premier Community Bank proudly hosted a grand opening celebration of its newly built Winneconne Branch on November 14th, with a ribbon-cutting ceremony at 11:00 AM.

Community members came out in great numbers to enjoy refreshments, tour the new branch facilities, and register for door prizes. The new branch, located at 915 E. Main Street, Winneconne, was constructed by The Redmond Group, serving as the general contractor.

“This new branch reflects the commitment to providing a welcoming and innovative environment for our customers,” said Tom Pamperin, President and CEO of Premier Community Bank. “We’re excited to strengthen our ties to the Winneconne community and look forward to serving the area for many years to come.”

The new facility allows us to better meet the needs of our customers while offering a welcoming space for the community. The new branch features: A dedicated community room that will serve as a valuable resource for local groups and events. A coffee/wet bar and a comfortable waiting area for customers. A drive-up ITM (Interactive Teller Machine) with a live video teller available during scheduled hours for personalized assistance.

Hours of operation:
Lobby: Monday – Friday, 8:30 AM – 5:00 PM
Drive-Up: Monday – Friday, 8:30 AM – 5:00 PM; Saturday, 9:00 AM – 12:00 PM
ITM with Live Virtual Teller: Monday – Friday, 8:30 AM – 5:00 PM
ATM: 24-hour access available

Premier Community Bank is headquartered in Marion. Other offices are located in Shawano, Pulaski, Waupaca, Weyauwega, Winneconne, Fremont, Iola, Manawa, Tigerton and Bear Creek. For more about Premier Community Bank visit www.premiercommunity.com. Member FDIC, equal opportunity lender.

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Oak Bank: Oak Bank Welcomes Andrew Gleiter as Treasury Management Support Specialist

Andrew Gleiter

Oak Bank, Fitchburg’s trusted community bank since 2000, is pleased to announce the addition of Andrew Gleiter as its new Treasury Management Support Specialist. Andrew joins Oak Bank with nearly a decade of experience in the banking industry, bringing valuable expertise in client servicing and banking operations.

A graduate of the University of Wisconsin-Eau Claire with a Bachelor of Business Administration, Andrew has spent the last nine years in various roles at Madison-area banks, including Personal Banker, Assistant Branch Manager, and Corporate Banking Specialist. His broad range of experience will contribute to Oak Bank’s commitment to delivering exceptional service to its clients while continuing to grow its Treasury Management division.

“Andrew is a terrific addition to our Treasury Management Team, bringing his strong sense of client service experience and dedication to making our business needs a top priority,” said Linda Zimdars, Senior Vice President Business Banking. “We are thrilled to welcome him to our team and look forward to seeing the positive impact he will have on our clients and the entire Oak Bank team.”

Andrew and his family reside in Belleville, WI, where he and his wife enjoy spending time together with their 18-month-old daughter while they wait for their second child due in May.

Outside of work, Andrew is passionate about golfing, cooking, cheering on the Green Bay Packers and Chicago Cubs, and home improvement projects.

“I’m excited to bring nearly 10 years of client servicing and banking knowledge to Oak Bank and the Treasury team,” said Andrew Gleiter. “I look forward to getting to know our clients and being a reliable resource for everyone. I’m excited to further my career at Oak Bank with a team of energetic and bright individuals.”

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National Exchange Bank & Trust: Anna Fichtner Retired from National Exchange Bank & Trust

Anna Fichtner

Congratulations to Anna Fichtner, customer service representative, who retired from National Exchange Bank & Trust on November 13, 2024.

Fichtner joined the bank in 1980 helped customers with their everyday banking needs for the duration of her career with NEBAT!

Fichtner grew up in Kewaskum and attended Kewaskum High School. She currently resides in Eden with her family.

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questions@wisbank.com

608-441-1200

4721 S Biltmore Ln.
Madison, WI 53718

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