Statement on the release of third quarter 2016 FDIC numbers from Rose Oswald Poels, president/CEO of the Wisconsin Bankers Association
“Wisconsin banks continue to show confidence in the economy through stable, steady growth according to the latest FDIC quarterly numbers. Despite a modest decrease in commercial and industrial loans, overall lending grew to over $76.5 billion, a 4.6% increase when compared to the same timeframe in 2015.
Wisconsin banks continue to move forward despite a wide variety of obstacles challenging the industry, including:
- A prolonged low interest rate environment
- Compliance and technology costs escalating every year
- Competitive pressures
- The number of bank mergers in Wisconsin continuing to increase (twenty mergers were announced in 2016 compared to 12 in 2015, which was considered a large number at the time).
The latest FDIC numbers continue to highlight the fact that the diversity of Wisconsin’s strong banking industry directly benefits Wisconsin consumers. For over 150 years, Wisconsin banks have been safely helping businesses grow and families prosper, creating thriving communities. Our institutions are healthy, well-capitalized and ready to help keep our economy growing.”
FDIC Reported WI Numbers*
|Total Loans & Leases||$76,554,560||$73,175,138||+ 4.6|
|Total Deposits||$85,771,315||$83,741,052||+ 2.4|
|Commercial & Industrial Loans||$12,681,636||$13,032,047||- 2.6|
|Residential Loans||$22,439,042||$22,618,763||- 0.7|
|Total Assets||$108,588,331||$105,191,826||+ 3.2|
|Noncurrent Loans & Leases||$883,818||$830,959||+ 6.3|
* $ in 000’s