FOR IMMEDIATE RELEASE                                                                            
August 23, 2018

For more information, contact:
Ally Bates, Wisconsin Bankers Association
608-441-1207 | abates@wisbank.com
Twitter: @wisbank

Statement on the release of second quarter 2018 FDIC numbers from Rose Oswald Poels, president/CEO of the Wisconsin Bankers Association

“Wisconsin banks continue to perform strongly overall per the latest FDIC quarterly numbers.

Lending continues to grow in a year-to-year analysis with commercial lending showing the biggest growth (8.0%), and farm loans showing the second most growth (6.7%). Total deposits grew 4.8% to over $90 million, while noncurrent loans decreased 6.7% since second quarter 2017.

These latest FDIC numbers continue to highlight the fact that Wisconsin banks remain committed to helping businesses grow and families prosper, creating thriving communities. 

Wisconsin’s banking industry reflects Wisconsin’s current healthy economy as well as the overall national trends. Overall bank employment increased 1.2% from 2017, indicating banks are generally optimistic about the future. Businesses, including banks, in Wisconsin have benefitted from federal tax reform, but bankers are expected to remain watchful on credit quality issues.”

FDIC Reported WI Numbers*

 

06/31/18

06/31/17

Change

Total Loans & Leases

$83,684,705

$80,258,001

+ 4.3%

Total Deposits

$90,054,853

$85,920,748

+ 4.8%

Commercial & Industrial Loans

$14,073,172

$13,031,571

+ 8.0%

Residential Loans

$23,632,126     

$22,883,552

+ 3.3%

Farm Loans

4,729,078         

$4,432,700

+ 6.7%

Farmland Loans

$3,482,019

$3,322,567

+ 4.8%

Total Assets

$114,674,967

$110,260,549

+ 4.0%

Noncurrent Loans & Leases

$698,537

$748,769          

- 6.7%

* dollar figures in thousands

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The Wisconsin Bankers Association is the state’s largest financial industry trade association, representing nearly 240 commercial banks and savings institutions, their nearly 2,300 branch offices and 23,000 employees.