For more information, contact:
Eric Skrum, Wisconsin Bankers Association
608/441-1216 | (c) 608/445-6430 | eskrum@wisbank.com
Twitter: @wisbank
FDIC numbers highlight strengthening economy
(Madison) Slow and steady improvement is winning the economic race for consumers and banks in Wisconsin according to the latest data released by the Federal Deposit Insurance Corporation (FDIC). Bank deposits, lending and assets increased while consumer debt declined.
“These moderate improvements mean Wisconsin has stronger financial institutions ready to serve customers who are paying down their debt,” said Wisconsin Bankers Association President/CEO Rose Oswald Poels. “This may not be the quick recovery everyone would like to see but it is overall good news. This is the same slow but steady trend of improvement we have seen over the last few quarters for banks and consumers in Wisconsin.”
FDIC highlights quarter to quarter of Wisconsin bank customers:
* Credit card debt down 2.45%
* Other revolving credit plans down 3.72%
* Other loans to individuals down 2.58%
FDIC highlights quarter to quarter of Wisconsin banks:
* Deposits up 1.86% or $1,420,983,000
* Net loans and leases up .28% or $185,052,000
* Assets up .64% or $625,237,000
* Total Equity Capital up 1.6% or $199,875,000
* Loan loss allowance down 3.4%
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The Wisconsin Bankers Association is the state’s largest financial industry trade association, representing nearly 270 commercial banks and savings institutions, their nearly 2,300 branch offices and 23,000 employees.
