|Eric Skrum, Wisconsin Bankers Association
608/441-1216 | (c) 608/445-6430 | [email protected]
Statement on the release of fourth quarter 2017 FDIC numbers from Rose Oswald Poels, president/CEO of the Wisconsin Bankers Association
“Wisconsin banks bucked the national banking trend by showing strong performance numbers according to the latest FDIC quarterly numbers. Although many Wisconsin banks were negatively impacted by one-time income tax effects due to the new tax law, the aggregate numbers highlight an overall positive trend for banking in the state.
Wisconsin banks reflect the strong business environment and economy the Badger State is currently enjoying.
The federal numbers show lending grew in virtually every category when comparing year-to-year performance. Wisconsin banks showed an overall lending increase of 5% over last year, growing to over $80 billion in loans. Non-current loans continued to decrease, dropping to $670 million, down 20% from last year. Deposits also grew 2.3% to over $89 billion.
The numbers show 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.”