| MADISON, Wis. – Wisconsin banks started the year 2022 strong with total assets up 5.04% year over year from March 31, 2021 to March 31, 2022. Despite concerns about rising inflation, total deposits were up 7.08% for the same period. The financial health of consumers was also evidenced by a 20.88% year-over-year decrease in noncurrent loans and leases. Notable indicators include: Residential lending slowed only slightly as the housing market remained a hot seller’s market.Commercial lending decreased 14.42% year over year. Supply chain issues and worker shortages continue to inhibit business growth and cause hesitancy among business owners to take out loans.Credit quality continues to improve as more borrowers are keeping up to date with their payments. Noncurrent loans and leases decreased 20.88% year over year and 5.69% quarter over quarter. Statement on the release of first-quarter 2022 Federal Deposit Insurance Corporation (FDIC) numbers from Rose Oswald Poels, president and CEO of the Wisconsin Bankers Association: “Wisconsin’s banking industry stands poised to meet the banking needs of Wisconsinites in 2022 as government pandemic relief funding phases out. Bankers will be keeping a close eye on global supply chain and geopolitical issues as well as the Fed’s rising interest rates going into the rest of the year.” FDIC-Reported Wisconsin Numbers (Dollar Figures in Thousands) |
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