|Eric Skrum, Wisconsin Bankers Association
608/441-1216 | (c) 608/445-6430 | [email protected]
From Rose Oswald Poels, president/CEO of the Wisconsin Bankers Association
“Wisconsin bank performance continues to be strong across the board according to the latest FDIC quarterly numbers.
Lending increased in almost every single category in a year-to-year analysis with commercial lending showing the biggest growth (7.8%). Overall lending grew 4.9% during the same timeframe. Non-current loans continued to decrease, dropping to $680 million, down 16%. Total deposits grew 1.5% to over $87 million.
Wisconsin’s banking industry reflects Wisconsin’s current healthy economy as well as the overall national trends. The current economic expansion is now the second longest on record. Bankers in the state continue to monitor the economic cycle for any indications of changes in this expansion and are ready to act accordingly.
Quarter by quarter and year over year, Wisconsin banks continue their important role as key drivers of our state’s economy by helping businesses grow and families prosper. Our institutions are healthy, well-capitalized, and ready to help our economy keep growing.”