Wisconsin’s State-Chartered Banks Report Sound Year-End 2022 Financial Performance

​For Immediate Release: March 7, 2023

Wisconsin’s State-Chartered Banks Report Sound Year-End 2022 Financial Performance

MADISON, Wis. – Wisconsin’s state-chartered banks reported sound financial performance through year-end 2022, according to data released today by the Wisconsin Department of Financial Institutions (DFI). At year-end 2022, there were 129 state-chartered commercial banks serving Wisconsin residents.

“Throughout 2022, Wisconsin’s state-chartered banks navigated their institutions and communities through changing economic circumstances, including transitioning through the pandemic, rising interest rates, and inflation,” said DFI Secretary-designee Cheryll Olson-Collins. “Overall, the year-end financial indicators for Wisconsin’s state-chartered banks remain sound and show our banks started the new year in a good position and financially stable.”

Key financial indicators for Wisconsin’s state-chartered banks include:

• Total assets were at $67.7 billion as of December 31, 2022. Assets decreased by $381.1 million, a slight decline of just 0.56% from year-end 2021.
• The capital ratio is satisfactory, however, it declined to 9.45%​ compared to 10.67% in December 2021.
• The past due ratio improved slightly to 0.59% from 0.67% in December 2021.
• Net operating income decreased to $764.7 million compared to $847.3 million in December 2021.
• The return on average assets ratio remained strong at 1.14%, although a decrease from 1.32% in December 2021.
• Net loans were at $47.0 billion, up $3.4 billion, a 7.71% increase from year-end 2021, due to some improved loan volume.
• The net interest margin remained stable at 3.35%, up slightly from 3.31% in December 2021.
• Bank liquidity remained strong with the loans to assets ratio at 69.46% compared to 64.12% in December 2021 but was impacted by the run-off in pandemic related deposits.

Additional information regarding Wisconsin’s state-chartered banks’ year-end 2022 financial performance is available in the Bank Performance Indicator Report as of December 31, 2022.

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