News Release

For Immediate Release: September 13, 2023

Wisconsin’s State-Chartered Banks Report Sound Second-Quarter Financial Performance

MADISON, Wis. – Wisconsin’s 124 state-chartered banks continue to exhibit sound financial performance through June 30, 2023, according to data released today by the Wisconsin Department of Financial Institutions (DFI).

At the end of the second quarter, total assets for Wisconsin’s state-chartered banks stand at $66.8 billion, down from $67.9 billion reported June 30, 2022. The net interest margin remained relatively stable at 3.27% compared to 3.22% in June 2022. Net loans increased by 4.9% to $47.9 billion, up by $2.3 billion over the same time.

In the twelve months ending on June 30, 2023:

  • The capital ratio remained satisfactory at 9.61% despite a decline from 9.72% in June 2022;
  • The past due ratio improved to 0.54% from 0.63% in June 2022;
  • Net operating income decreased to $320.4 million compared to $395.3 million in June 2022;
  • The return on average assets ratio declined slightly to 0.96% from 1.16% in June 2022; and
  • Bank liquidity remained satisfactory but was impacted by the increase in the loans to assets ratio at 71.80% compared to 67.29% in June 2022. 

“Through the second quarter, Wisconsin’s state-chartered banks remain resilient, with sound financial performance in the face of rising interest rates and economic challenges,” said DFI Secretary-designee Cheryll Olson-Collins. “The stability of Wisconsin’s state-chartered banks continues to provide strength to the state and our local communities.”

To learn more, read the DFI’s Bank Performance Indicator Report​ as of June 30, 2023. 

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Media Contact Email: DFICommunications@dfi.wisconsin.gov​