State Profile Wisconsin

Fourth Quarter 2023

ECONOMIC INDICATORS (NOT SEASONALLY ADJUSTED, UNLESS NOTED)

Q4-23 Q3-23 Q4-22 2023 2022

0.9% 0.8% 2.5% 1.4% 2.7%

Employment Growth Rates (% change from year ago, unless noted)

Total Nonfarm (share of trailing four quarter employment in parentheses)

Manufacturing

Other (non-manufacturing) Goods-Producing

Private Service-Providing

Government

Unemployment Rate (% of labor force, seasonally adjusted)

(16%)

(5%)

(66%)

(14%)

-0.9%

2.4%

1.1%

1.3%

3.4%

-1.5%

2.4%

1.2%

0.8%

3.3%

2.2%

3.9%

2.6%

2.2%

2.8%

-0.5%

3.5%

1.6%

1.7%

3.0%

3.0%

4.0%

2.9%

1.5%

2.9%

Other Indicators (% change of 4-qtr moving total, unless noted) Q4-23 2023 2022

Single-Family Home Permits

Multifamily Building Permits

Home Price Index (change from year ago)

Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)

-4.8%

-11.2%

8.5%

N/A

-12.4%

-20.3%

9.1%

1.38

-11.2%

-21.3%

12.3%

1.23

-4.8%

-11.2%

9.0%

N/A

-11.2%

-21.3%

15.5%

1.32

BANKING TRENDS

General Information Q4-23 Q3-23 Q4-22 2023 2022

Institutions (#) 161 162 170 161 170

Total Assets (in millions) $152,451 $153,646 $149,546 $152,451 $149,546

New Institutions (# < 3 years) 0 0 0 0 0

Subchapter S Institutions (#) 52 52 54 52 54

Asset Quality Q4-23 Q3-23 Q4-22 2023 2022

Past-Due and Nonaccrual Loans / Total Loans (median %) 0.49 0.42 0.42 0.49 0.42

Noncurrent Loans / Total Loans (median %) 0.16 0.17 0.18 0.16 0.18

Loan and Lease Allowance / Total Loans (median %) 1.18 1.18 1.24 1.18 1.24

Loan and Lease Allowance / Noncurrent Loans (median multiple) 4.35 4.38 4.12 4.35 4.12

Net Loan Losses / Total Loans (median %, year-to-date annualized) 0.00 0.00 0.00 0.00 0.00

Capital / Earnings (year-to-date annualized, unless noted) Q4-23 Q3-23 Q4-22 2023 2022

Tier 1 Leverage (median %, end of period) 10.57 10.59 10.50 10.57 10.50

Return on Assets (median %) 0.85 0.85 1.00 0.85 1.00

Pretax Return on Assets (median %) 1.02 1.03 1.27 1.02 1.27

Net Interest Margin (median %) 3.21 3.23 3.34 3.21 3.34

Yield on Earning Assets (median %) 4.67 4.57 3.67 4.67 3.67

Cost of Funding Earning Assets (median %) 1.42 1.31 0.39 1.42 0.39

Provisions to Avg. Assets (median %) 0.03 0.02 0.00 0.03 0.00

Noninterest Income to Avg. Assets (median %) 0.44 0.44 0.49 0.44 0.49

Overhead to Avg. Assets (median %) 2.40 2.39 2.36 2.40 2.36

Liquidity / Sensitivity Q4-23 Q3-23 2023

Net Loans to Assets (median %) 69.64 69.25 66.08 69.64 66.08

Noncore Funding to Assets (median %) 13.21 12.36 7.84 13.21 7.84

Long-term Assets to Assets (median %, call filers) 24.72 25.60 29.18 24.72 29.18

Brokered Deposits (number of institutions) 100 98 88 100 88

Brokered Deposits to Assets (median % for those above) 4.36 4.43 2.63 4.36 2.63

Loan Concentrations

(median % of Tier 1 Capital plus the Reserve for Loan and Lease Losses) Q4-23 Q3-23 Q4-22 2023 2022

Commercial and Industrial 52 52 55 52 55

Commercial Real Estate 249 246 239 249 239

Construction & Development 37 38 35 37 35

Multifamily Residential Real Estate 30 29 24 30 24

Nonresidential Real Estate 153 151 155 153 155

Residential Real Estate 163 157 146 163 146

Consumer 9 8 8 9 8

Agriculture 19 19 22 19 22

BANKING PROFILE

Asset Distribution

< $100 million 15 (9.3%)

Institutions in Market



Chicago-Naperville-Elgin, IL-IN-WI 161 $572,305

Largest Deposit Markets (from 2023 Summary of Deposits) Deposits ($ millions) Institutions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits ($ millions) Per

Employment Growth Rates (% change from year ago, unless noted)

Total Nonfarm (share of trailing four quarter employment in parentheses)

Manufacturing

Other (non-manufacturing) Goods-Producing

Private Service-Providing

Government

Unemployment Rate (% of labor force, seasonally adjusted)

Q3-23 Q4-22

Q4-22 2022

Minneapolis-St. Paul-Bloomington, MN-WI 137 $237,643 $100 million to $250 million 40 (24.8%)

Milwaukee-Waukesha, WI 45 $77,971 $250 million to $1 billion 81 (50.3%)

Madison, WI 44 $26,472 $1 billion to $10 billion 24 (14.9%)

Green Bay, WI 20 $14,563 $10 billion 1 (0.6%)