Wisconsin's State-Chartered Banks Have Solid Financial Performance

Thursday, December 8th, 2022 -- 9:01 AM

Wisconsin’s 130 state-chartered banks continue to demonstrate solid financial performance as of September 30th, according to data released today by the Wisconsin Department of Financial Institutions.

Total assets of Wisconsin’s state-chartered banks stand at more than $67.1 billion through September 30, 2022, down from $67.8 billion reported September 30, 2021.

Despite rising interest rates, the net interest margin is holding steady, decreasing slightly from 3.35% as of September 30, 2021, to 3.33% as of September 30, 2022. Net loans have increased 5.1% from September 30, 2021, up $2.2 billion. In the twelve months ending on September 30, 2022:

• The capital ratio remained satisfactory at 9.38% compared to 10.97% in September 2021;
• The past due ratio improved to 0.56% from 0.76% in September 2021;
• Net operating income was over $594.3 million, but down from $679.4 million in September 2021 due, in part, to the end of the Paycheck Protection Program fee income and secondary market income;
• The return on average assets ratio showed a decline to 1.19% from 1.39% in September 2021;
• And Bank liquidity remained adequate but was impacted by the increase in the loans to assets ratio at 68.89% compared to 64.82% in September 2021.

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