MADISON, Wis. – Wisconsin’s 119 state-chartered banks continue to exhibit sound financial performance through June 30, 2024, according to data released today by the Wisconsin Department of Financial Institutions (DFI).
At the end of the second quarter, total assets for Wisconsin’s state-chartered banks stand at $68.0 billion, up from $66.8 billion reported June 30, 2023. The net interest margin decreased to 3.15% compared to 3.27% in June 2023. Net loans increased 3.91% to $49.9 billion, up by $1.9 billion over the same time.
In the twelve months ending on June 30, 2024:
- The capital ratio remained satisfactory at 9.99%, an increase from 9.61% in June 2023;
- The past due ratio increased to 0.83% from 0.54% in June 2023;
- Net operating income increased to $325.0 million compared to $320.5 million in June 2023;
- The return on average assets ratio was 0.96%, unchanged from June 2023; and
- Bank liquidity remained satisfactory with only a slight increase in the loans to assets ratio at 73.35% compared to 71.80% in June 2023.
“Through the second quarter, Wisconsin’s state-chartered banks remain resilient, although ongoing economic uncertainty requires continued diligence,” said DFI Secretary Cheryll Olson-Collins. “Despite this, favorable capital ratios combined with solid earnings and liquidity metrics continue to provide stability to the state and our local communities.”
To learn more, read the DFI’s Bank Performance Indicator Report as of June 30, 2024.
