Call reports 2008
BANK OF THE FEDERATED STATES OF MICRONESIA — 2008
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 75,303,000 | 78,951,000 | 76,866,000 | 85,973,000 |
| Total loans | 29,151,000 | 30,642,000 | 29,987,000 | 31,220,000 |
| Allowance for loan losses | 1,477,000 | 1,568,000 | 1,607,000 | 1,506,000 |
| Securities available for sale | 32,350,000 | 30,564,000 | 31,373,000 | 32,263,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,288,000 | 63,772,000 | 60,230,000 | 68,927,000 |
| Interest-bearing deposits | 42,471,000 | 43,866,000 | 45,476,000 | 50,185,000 |
| Noninterest-bearing deposits | 16,817,000 | 19,906,000 | 14,754,000 | 18,742,000 |
| Equity capital | 15,555,000 | 14,703,000 | 15,080,000 | 16,498,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,255,000 | 2,433,000 | 3,609,000 | 4,777,000 |
| Interest expense | 226,000 | 385,000 | 536,000 | 673,000 |
| Net interest income | 1,029,000 | 2,048,000 | 3,073,000 | 4,104,000 |
| Noninterest income | 169,000 | 328,000 | 473,000 | 622,000 |
| Noninterest expense | 878,000 | 1,861,000 | 2,759,000 | 3,652,000 |
| Provision for loan losses | 75,000 | 100,000 | 100,000 | 0 |
| Pretax income | 245,000 | 467,000 | 739,000 | 1,126,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 245,000 | 467,000 | 739,000 | 1,126,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,825,000 | 14,440,000 | 14,711,000 | 15,099,000 |
| Total capital | 15,349,000 | 14,968,000 | 15,223,000 | 15,616,000 |
| Risk-weighted assets | 40,972,000 | 41,191,000 | 39,879,000 | 40,354,000 |