Log Out | Member Center

39°F

70°/52°

Most Kansas banks increase loans in Treasury program

  • The Wichita Eagle
  • Published Thursday, June 20, 2013, at 6:51 p.m.

The Treasury Department on Thursday released the results of its first Small Business Lending Fund Lending Survey, touting that more than 90 percent of the banks participating in the program reported stronger small business lending.

Treasury’s survey said that the South and Midwest saw the largest growth in small business loans – estimated increases of 20,200 and 8,700, respectively – followed by the Northeast with a 5,500-loan increase and the West with an increase of 3,600 loans.

According to data included with Thursday’s survey results, most, but not all, Kansas banks participating in the program – including one in Wichita – have increased their small business lending by double-digit percentages.

The data showed that six of eight Kansas banks increased their small business lending between the start of the program in July 2011 and the end of the fourth quarter of 2012. Those banks are: State Bank of Bern, 13.6 percent; CBW Bank in Weir, 35.8 percent; Equity Bank in Wichita, 10.2 percent; Freedom Bank in Overland Park, 29.8 percent; Farmers Bank of Osborne, 76.6 percent; and United Bank & Trust in Marysville, 33 percent.

Two Kansas banks, however, saw a decline in their small business lending over that period: Brotherhood Bank & Trust in Kansas City, with a 43 percent decline in small business loans; and Farmers State Bank in Holton, with a 2.6 percent decline.

The report defines small business lending as loans up to $10 million to firms with $50 million or less in revenue.

The program provided extra capital to participating banks. For instance, Equity received $16.4 million in extra capital through its SBLF participation. The program was part of the Small Business Jobs Act signed into law in 2010.

Reach Jerry Siebenmark at 316-268-6576 or jsiebenmark@wichitaeagle.com.

Subscribe to our newsletters

The Wichita Eagle welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views. Please see our commenting policy for more information.

Have a news tip? You can send it to wenews@wichitaeagle.com or consider joining the Public Insight Network and become a source for The Wichita Eagle.

Search for a job

in

Top jobs