Wisconsin’s 120 state-chartered banks continued to exhibit sound financial performance through Sept. 30, according to data released by the Wisconsin Department of Financial Institutions (DFI).
At the end of the third quarter, total assets for Wisconsin’s state-chartered banks stood at $67.03 billion, down from $67.08 billion reported on Sept. 30, 2022. The net interest margin declined slightly at 3.20%, compared to 3.33% in September 2022. Net loans increased by 4.75% to $48.4 billion, up by $2.2 billion over the same time.
In the 12 months ending on Sept. 30, 2023:
- The capital ratio remained satisfactory at 9.44%, an increase from 9.38% in September 2022;
- The past due ratio increased slightly to 0.62% from 0.56% over the same period;
- Net operating income decreased to $460.5 million compared to $594.3 million;
- The return on average assets ratio declined slightly to 0.92% from 1.19%; and
- Bank liquidity remained satisfactory but was impacted by the increase in the loans-to-assets ratio at 72.21% compared to 68.89%.
DFI’s Bank Performance Indicator Report is available here.
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