Wisconsin’s 132 state-chartered banks continue to exhibit strong financial performance through June 30, 2022, 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 were at $67.9 billion, an increase of $961.7 million and a growth rate of 1.44% from June 2021. The net interest margin declined slightly to 3.22%, from 3.37% in June 2021, due primarily to the excess liquidity from the extension of the COVID-19 pandemic’s Paycheck Protection Program loans.
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