Behind In Payments

By: Associated Press
By: Associated Press

New figures from the Federal Deposit Insurance Corporation show more businesses are falling behind in repaying their loans to Wisconsin banks.

Among commercial banks in Wisconsin, the ratio of noncurrent loans and least to total loans and leases rose from point-nine-one percent in the second quarter of 2001 to one percent in the second quarter this year.

Noncurrent loans and leases at Madison-based AnchorBank rose from three-point-three million dollars in the second quarter last year to $18.1 million in the same quarter this year.

Loans and leases falling behind at Marshall and Ilsley Bank in Milwaukee rose from $144.5 million to $148.3 million during the same time frame.

Associated Bank's southeastern Wisconsin region president David Baumgarten says the slowdown in manufacturing is making it tough for some companies to keep up on their payments.

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