Wisconsin’s 119 state-chartered banks continue to demonstrate stable financial performance as of Mar. 31, 2024, according to data released by the Wisconsin Department of Financial Institutions (DFI).
Total assets of Wisconsin’s state-chartered banks stand at $67.3 billion through Mar. 31, 2024, up from $66.1 billion reported Mar. 31, 2023. The net interest margin has declined, falling from 3.32% as of Mar. 31, 2023, to 3.10% as of Mar. 31, 2024. Net loans have increased by 5.1% from March 31, 2023, up $2.4 billion.
In the 12 months ending on Mar. 31, 2024:
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The capital ratio improved to 9.91% compared to 9.77% in March 2023;
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The past due ratio increased to 0.82% from 0.55% in March 2023;
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Net operating income was $152.3 million, down from $162.7 million in March 2023;
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The return on average assets ratio declined slightly to 0.90% from 0.97% in March 2023; and
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Bank liquidity remained adequate but was impacted by the increase in the loans to assets ratio at 72.77% compared to 70.61% in March 2023.
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To learn more, read the DFI’s Bank Performance Indicator Report as of Mar. 31, 2024.
