As 2022 comes to a close, BizTimes Milwaukee managing editor Arthur Thomas caught up with Rose Oswald Poels, president and chief executive officer of the Wisconsin Bankers Association, to talk about how the state’s banks performed this year, and the outlook for 2023. The following conversation is edited for length and clarity.
BizTimes: What kind of year has 2022 been for Wisconsin banks?
Rose Oswald Poels: “Overall, it has been a really good year for the banking industry. We continue to make a lot of loans, we have a lot of liquidity, deposit balances are still high, they have been trickling off in the last couple of months, but for most of the year they’ve remained at unusually high levels, so that just means that banks have that much more money to lend out into their communities.