Eric Skrum, Wisconsin Bankers Association
608-441-1216 | eskrum@wisbank.com
Twitter: @wisbank
“Wisconsin banks remain committed to helping businesses grow and families prosper, creating thriving communities, as shown by the latest FDIC quarterly numbers.
Lending has grown every quarter in 2018 when using a year-to-year analysis with commercial lending showing the largest growth (8.9%) and farm loans showing the second biggest growth (8.1%). Total deposits grew 2.9% to just shy of $90 million while noncurrent loans decreased 6%.
Consumers also remain financially healthy as noncurrent loans and leases dropped 10% over the course of the year.
These latest FDIC numbers continue to highlight the fact that Wisconsin’s banking industry reflects Wisconsin’s current healthy economy as well as national trends. Businesses in Wisconsin, including banks, have benefitted from federal tax reform, but bankers remain watchful for credit quality issues.”
FDIC Reported WI Numbers*
09/30/17 09/30/18 Change
Residential Loans $23,395,502 $23,721,652 + 1.4%
Farm Loans $4,568,587 $4,936,455 + 8.1%
Farmland Loans $3,389,423 $3,519,795 + 3.8%
Total Assets $111,746,299 $115,293,557 + 3.2%
Noncurrent Loans & Leases $718,717 $646,884 – 10%
* dollar figures in thousands
