| MADISON, Wis. – Wisconsin banks demonstrated a strong performance at the end of 2021, while navigating the ongoing effects of the pandemic. Total assets were up 8.45% year over year from December 2020 to December 2021 and 1.16% quarter over quarter from September 2021. The financial health of consumers was evidenced by a 10.88% year-over-year increase in deposits as well as a 24.75% decrease in noncurrent loans and leases. Notable indicators include: Residential lending slowed slightly as the housing market began to stabilize. Commercial lending saw only a slight quarter-over-quarter increase. Some business owners had fewer borrowing needs, while others remained hesitant to borrow as their growth was hindered by supply chain issues and worker shortages. Credit quality trends continued, with borrowers largely keeping up to date on their loans and leases. Statement on the release of fourth-quarter 2021 Federal Deposit Insurance Corporation (FDIC) numbers from Rose Oswald Poels, president and CEO of the Wisconsin Bankers Association: “Wisconsin’s banking industry remains in a solid position as the economy continues to steadily rebound from the onset of the pandemic. While Russia’s invasion of Ukraine casts uncertainty on the 2022 global economy, the overall financial outlook is positive.” FDIC-Reported Wisconsin Numbers (Dollar Figures in Thousands) |
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