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FDIC: Wisconsin's homegrown banks see profits rise

Federal Reserve Board Chairman Ben Bernanke listens to opening remarks before testifying at the Joint Economic Committee in Washington May 2
Federal Reserve Board Chairman Ben Bernanke listens to opening remarks before testifying at the Joint Economic Committee in Washington May 2

MADISON, WI (WTAQ) - More of Wisconsin's homegrown banks are making money, even though they have not loaned as much to home and business owners during the past year. 

The FDIC reported Tuesday that banks with Wisconsin headquarters made $743 million from January through September. That's 16 percent more than the same period last year. 

Less than five percent of banks lost money in the first three quarters of 2013, down from around 9 percent last year. 

Lending activity was down slightly, to $67.5 billion from January through September. However, banks have fewer bad loans. Non-current loans and leases total 2.01 percent of combined lending, down from 2.71 percent during the same period of 2012. 

Associated Bank, Wisconsin's largest homegrown bank based in Green Bay, had $50.5 million of net income from July through September. That's the highest in the state. 

Guaranty Bank of Brown Deer had the biggest loss, at $2.3 million.

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