M&I Leads State in Market Share

Net Income at Wisconsin CUs Down Nearly 30%

Net income at Wisconsin credit unions was down about 28.5 percent through the first nine months of 2009 as deposit insurance premiums cut into earnings and more money went to loan loss reserves. At the same time, deposits are up 12 percent and lending rose 5 percent, according to the state Office of Credit Unions. Read more in the Milwaukee Journal Sentinel.

WBA: Most Wisconsin Banks Profitable

Despite national troubles, most Wisconsin banks made a profit, total deposits grew and lending again outpaced the national average, said Kurt Bauer, president and CEO of the Wisconsin Bankers Association (WBA). “Bank performance numbers typically lag other economic trends, which means banks could see challenging earnings in the 4th quarter and into 2010,” he said in the Milwaukee Small Business Times.

Three of Four Wis. Banks Profitable in Q3

Deposits at Wisconsin banks were up 6.8 percent from the first nine months of last year, and the percentage of overdue loans decreased, according to new FDIC figures. At the same time, 69 of Wisconsin’s 281 state-chartered banks did not post a profit in the third quarter, and the ratio of non-current loans increased to 4.41 percent, reflecting the state’s stressed economic conditions. Read more in the Milwaukee Journal Sentinel and the Milwaukee Business Journal.

Wisconsin Bank Deposits Grow 9.5%

Deposits in Wisconsin banks have grown 9.5 percent this year, a pace faster than the national increase of 7.6 percent. The increase could be attributed to investors fleeing the stock market for a place considered safer. Read more, and see which banks have the largest market share in the metro areas, in the Milwaukee Journal Sentinel.