Wisconsin’s FDIC-insured financial institutions had lower overall profits as of June 30, despite reporting more loans and fewer problem loans. The combined profit of the state’s banks was $472 million, compared to $495 million a year ago, a 4.6% drop. Loans and leases totaled $69.8 billion, and the ratio of noncurrent loans and leases was down 2.1%. Only 17 of 255 FDIC-covered banks reported net losses.
With earnings of $49.2 million as of June 30, Associated Bank of Green Bay was the most profitable, while Milwaukee’s Guaranty Bank showed the biggest net loss, at $3.6 million.
