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FDIC reports Wisconsin banks saw quarterly profits fall nearly 12%

ATM user (Photo By Peter Griffin [Public domain], via Wikimedia Commons).
ATM user (Photo By Peter Griffin [Public domain], via Wikimedia Commons).

MADISON, WI (WTAQ) - Wisconsin banks saw their quarterly profits go down by almost 12 percent from a year ago.  

But they continued to have fewer delinquent loans -- and the new loans they made rose by 2.1 percent.

The FDIC said Wisconsin's banks had a total net income of $226 million from January through March. That was down from $256 million in the same quarter of 2013.  

The state bankers' association blamed the brutal winter, saying it nearly froze the housing market and related mortgage loan activity. Still, the group said 96 percent of the state's banks were profitable in the most recent period.  

Total loans in Wisconsin grew by almost $1.5 billion from last year to this. Delinquent loans and leases amounted to 1.73 percent of the statewide total -- down from 2.33 percent at the same time the previous year.

(Story courtesy of Wheeler News Service)

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