Call reports 2002
BANK OF THE FEDERATED STATES OF MICRONESIA — 2002
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 61,037,000 | 58,706,000 | 66,197,000 | 86,401,000 |
| Total loans | 31,837,000 | 29,027,000 | 25,389,000 | 22,900,000 |
| Allowance for loan losses | 994,000 | 1,059,000 | 873,000 | 1,205,000 |
| Securities available for sale | 13,672,000 | 13,782,000 | 14,119,000 | 24,324,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,449,000 | 45,968,000 | 53,273,000 | 73,743,000 |
| Interest-bearing deposits | 41,315,000 | 40,031,000 | 43,125,000 | 58,598,000 |
| Noninterest-bearing deposits | 7,134,000 | 5,937,000 | 10,148,000 | 15,145,000 |
| Equity capital | 12,221,000 | 12,325,000 | 12,574,000 | 12,087,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,192,000 | 2,316,000 | 3,358,000 | 4,157,000 |
| Interest expense | 227,000 | 432,000 | 607,000 | 876,000 |
| Net interest income | 965,000 | 1,884,000 | 2,751,000 | 3,281,000 |
| Noninterest income | 143,000 | 299,000 | 441,000 | 678,000 |
| Noninterest expense | 744,000 | 1,467,000 | 2,229,000 | 3,060,000 |
| Provision for loan losses | 60,000 | 320,000 | 380,000 | 1,035,000 |
| Pretax income | 304,000 | 396,000 | 583,000 | -136,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 304,000 | 396,000 | 583,000 | -136,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,107,000 | 12,201,000 | 12,387,000 | 11,669,000 |
| Total capital | 12,615,000 | 12,690,000 | 12,862,000 | 12,148,000 |
| Risk-weighted assets | 40,142,000 | 38,575,000 | 37,617,000 | 37,600,000 |