Wisconsin state-chartered banks grew earnings by 28 percent in the first nine months of the year, according to a news release from the Wisconsin Department of Financial Institutions.
Earnings grew to $289.3 million through Sept. 30, the department reported using data released Tuesday by the Federal Deposit Insurance Corp.
Wisconsin banks also increased capital levels to 11.5 percent as of Sept. 30, up from 10.7 percent a year ago; reduced net charge-offs for delinquent loans to 0.9 percent, down from 1.4 percent a year ago; and reduced noncurrent loans to 2.7 percent, down from 3.6 percent a year ago
My wife works at one. They had pay freezes two years ago. They were just given bonuses equal to the backpay for the missing rasies and were told that raises would be given this year. Pretty cool.