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Distressed Note Industry
Analyzing multifamily real estate loan performance across 142 Wisconsin banks
As of Q2 2025, 142 Wisconsin banks report multifamily real estate portfolios totaling $12.3B. Non-performing loans in this category total $9.0M — an average NPL ratio of 0.07% — with $9.1M 30-89 days delinquent, $1.1M 90+ days delinquent, and $7.9M in nonaccrual status. The most distressed lender in this category is UNITY BANK (WI) with an NPL ratio of 15.77%.
Total Lenders
142
Total Loan Portfolio
$12.3B
Total NPL
$9.0M
Average NPL %
0.07%
30-89 Days
$9.1M
90+ Days
$1.1M
Nonaccrual
$7.9M
Charge-offs
$4.6M
Distribution of banks by non-performing loan ratio
| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| UNITY BANK | WI | $17.2M | $2.7M | 15.77% |
| ERGO BANK | WI | $6.2M | $500K | 8.07% |
| BANK OF ALMA | WI | $19.3M | $711K | 3.68% |
| HIAWATHA NATIONAL BANK | WI | $16.2M | $436K | 2.69% |
| PEOPLES STATE BANK | WI | $89.0M | $2.3M | 2.63% |
| ONE COMMUNITY BANK | WI | $300.7M | $1.7M | 0.56% |
| TRI CITY NATIONAL BANK | WI | $255.7M | $173K | 0.07% |
| LAKE RIDGE BANK | WI | $543.9M | $254K | 0.05% |
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