Deposits and loans at Wisconsin banks continued to grow in the third quarter, but the pace of growth in deposits slowed as some consumers tapped into savings to deal with rising inflation, according to the latest data from the FDIC.

Bank customers had $120.3 billion in deposits at Wisconsin banks, up 3.8% from the same time in 2021. In June, the year-over-year growth was 5.8%, itself a slowdown from 7.1% and 10.9% in March and December respectively.

Lending, on the other hand, picked up with 11.7% year-over-year growth in net loans and leases. In the June quarter, banks saw 8% growth, up from 2.5% in March and 2.1% in December.

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