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

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

“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%

* $ in 000’s

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