The state of Wisconsin is home to 185 banks that are insured by the federal deposit insurance corporation and that operate within the state. Of the banks operating within the state, 176 are also headquartered in the state. Therefore, these 176 banks can be considered Wisconsin-based banks though they might operate nationally or internationally. Banks operating within the state had in total $142 billion of assets, $116 billion of deposits and $94 billion of loans outstanding as of this writing. Banks in Wisconsin state currently employ a total of 20,215 people within the state. This amounts to 0.3% of the overall population of the state. In addition, residential mortgages made up 16% of the assets managed by banks operating within the state.

Density of Banks in Wisconsin

There are a total of 1,801 bank branches located within the state of Wisconsin. This works out to a ratio of approximately 3.1 branches per 10,000 people in Wisconsin.  Comparing the banks in Wisconsin to banks operating in other states on this measure, Wisconsin ranks 16th out of 52 states and territories in terms of branches per capita.  Taking a different approach, let’s look at the physical density of branches within this state. When the total square mileage of a state is factored in, banks in Wisconsin had on average 3.3 branches per 100 square miles. Therefore, Wisconsin ranks 25th out of 52 states and territories in terms of the most branches per square mile.

Performance of Banks in Wisconsin

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  • Net Interest Margin – banks in this state are on average above the national average on this metric. In total the net interest margin for the banks in Wisconsin is ranked 33rd out of the 52 states and main territories in the country.
  • Return on Assets – in terms of this important return metric, banks in this state are on average higher than the national average. Altogether the Return on Assets for the banks in Wisconsin is ranked 14th out of the 52 states and main territories in the country.
  • Return on Equity – banks in the state of Wisconsin are on average generating a lower return on equity than the average bank in the United States. In total, the return on equity for banks in Wisconsin is ranked 28th out of the 52 states and main territories in the United States.
  • Loan to Deposit – this is an important metric to gauge the liquidity of a bank. Banks in this state are on average below the national average when it comes to loan to deposit. A lower loan to deposit ratio means the bank is more comfortably funding its loan activities using its deposit base. Overall, banks in Wisconsin are ranked 6th out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average better than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in Wisconsin are ranked 27th out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in the state of Wisconsin

deposit-market-share-of-banks-in-Wisconsin

As of this writing U.S. Bank  is the largest bank operating in Wisconsin and this is based on its share of deposits within the state. U.S. Bank  currently has a 20% share of the deposits within the state. Below is summary information on the top 5 largest banks in Wisconsin.

U.S. Bank 

U.S. Bank  currently has the largest share of deposits within the state and has $40.9 billion of deposits. In addition to this the bank also has 113 offices within the state, which represents 5% of its total domestic offices.

Main Office Address: 425 Walnut St. Cincinnati, OH 45202

Website: www.usbank.com

Bmo Harris Bank 

Bmo Harris Bank  currently has the second largest share of deposits within the state and has $25.6 billion of deposits. The bank also has 176 offices within the state, which represents 32% of its total domestic offices.

Main Office Address: 111 W. Monroe St. Chicago, IL 60603

Website: http://www.bmoharris.com

Associated Bank

Associated Bank currently has the third largest share of deposits within the state and has $19.8 billion of deposits. The bank also has 168 offices within the state, which represents 73% of its total domestic offices.

Main Office Address: 200 N. Adams St. Green Bay, WI 54301

Website: www.associatedbank.com

JPMorgan Chase Bank

JPMorgan Chase Bank currently has the fourth largest share of deposits within the state and has $14.8 billion of deposits. Further, the bank also has 56 offices within the state, which represents 1% of its total domestic offices.

Main Office Address: 1111 Polaris Pkwy. Columbus, OH 43240

Website: www.jpmorganchase.com

Wells Fargo Bank

Wells Fargo Bank currently has the fifth largest share of deposits within the state and has $7.0 billion of deposits. In addition, the bank also has 40 offices within the state, which represents 1% of its total domestic offices.

Main Office Address: 101 N. Phillips Ave. Sioux Falls, SD 57104

Website: www.wellsfargo.com