|May 27, 2021
Cassandra Krause, Communications Manager, Wisconsin Bankers Association
FDIC Quarterly Numbers Show Rebound in Economy
Statement on the release of first-quarter 2021 Federal Deposit Insurance Corporation (FDIC) numbers from Rose Oswald Poels, president and CEO of the Wisconsin Bankers Association
- The numbers demonstrate banks’ financial strength and an improving economy.
- Wisconsinites continue to save money as deposits have increased over the prior year (17%) and loan volume grew slightly.
- A decrease in noncurrent loans and leases compared to last year (11%) shows more customers are up to date on their payments.
- Banks continue to demonstrate their health through strong earnings and positive growth.
“Wisconsin banks maintained a strong financial position throughout the last year as they assisted with the financial stresses of their customers through the pandemic. Commercial and industrial loans grew nearly 20 percent year over year in part due to Paycheck Protection Program (PPP) lending, providing businesses with critical money to ensure employees were paid. Looking ahead, strong capital and liquidity levels position Wisconsin banks well to respond to customers’ lending needs.”