Call reports 2013
BANK OF THE FEDERATED STATES OF MICRONESIA — 2013
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 110,370,000 | 109,423,000 | 111,845,000 | 112,156,000 |
| Total loans | 42,246,000 | 41,397,000 | 41,356,000 | 43,784,000 |
| Allowance for loan losses | 1,325,000 | 1,459,000 | 1,473,000 | 1,292,000 |
| Securities available for sale | 19,233,000 | 19,382,000 | 21,839,000 | 21,524,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,865,000 | 90,863,000 | 92,888,000 | 93,104,000 |
| Interest-bearing deposits | 66,919,000 | 64,604,000 | 70,541,000 | 71,523,000 |
| Noninterest-bearing deposits | 23,946,000 | 26,259,000 | 22,347,000 | 21,581,000 |
| Equity capital | 18,907,000 | 17,896,000 | 18,123,000 | 18,240,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,308,000 | 2,560,000 | 3,810,000 | 5,097,000 |
| Interest expense | 57,000 | 114,000 | 175,000 | 236,000 |
| Net interest income | 1,251,000 | 2,446,000 | 3,635,000 | 4,861,000 |
| Noninterest income | 177,000 | 312,000 | 463,000 | 678,000 |
| Noninterest expense | 994,000 | 1,972,000 | 3,011,000 | 4,115,000 |
| Provision for loan losses | 60,000 | 120,000 | 140,000 | 40,000 |
| Pretax income | 374,000 | 666,000 | 947,000 | 1,384,000 |
| Income tax | 0 | 0 | 12,000 | 32,000 |
| Net income | 374,000 | 666,000 | 935,000 | 1,352,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,713,000 | 18,202,000 | 18,470,000 | 18,887,000 |
| Total capital | 19,347,000 | 18,822,000 | 19,082,000 | 19,520,000 |
| Risk-weighted assets | 50,010,000 | 48,745,000 | 48,046,000 | 49,962,000 |