MADISON, Wis. – Wisconsin’s 120 state-chartered banks continue to exhibit sound financial performance through September 30, 2023, according to data released today 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 September 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 twelve months ending on September 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% in September 2022;
- Net operating income decreased to $460.5 million compared to $594.3 million in September 2022;
- The return on average assets ratio declined slightly to 0.92% from 1.19% in September 2022; and
- Bank liquidity remained satisfactory but was impacted by the increase in the loans to assets ratio at 72.21% compared to 68.89% in September 2022.
“Through the third quarter, Wisconsin’s state-chartered banks continue to display resiliency and sound financial performance despite elevated interest rates and changing economic conditions,” said DFI Secretary-designee Cheryll Olson-Collins. “The stability of Wisconsin’s state-chartered banks continues to provide confidence to the state’s consumers, businesses, and communities.”
To learn more, read the DFI’s Bank Performance Indicator Report as of September 30, 2023.
