Call reports 2014
BANK OF THE FEDERATED STATES OF MICRONESIA — 2014
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 116,069,000 | 119,632,000 | 122,695,000 | 124,496,000 |
| Total loans | 42,596,000 | 40,893,000 | 41,035,000 | 42,457,000 |
| Allowance for loan losses | 1,331,000 | 1,398,000 | 1,433,000 | 1,344,000 |
| Securities available for sale | 22,701,000 | 23,238,000 | 23,380,000 | 24,390,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 96,568,000 | 100,408,000 | 103,173,000 | 104,535,000 |
| Interest-bearing deposits | 75,467,000 | 71,703,000 | 74,290,000 | 73,001,000 |
| Noninterest-bearing deposits | 21,101,000 | 28,705,000 | 28,883,000 | 31,534,000 |
| Equity capital | 18,754,000 | 18,546,000 | 18,859,000 | 19,413,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,314,000 | 2,591,000 | 3,828,000 | 5,139,000 |
| Interest expense | 59,000 | 108,000 | 156,000 | 204,000 |
| Net interest income | 1,255,000 | 2,483,000 | 3,672,000 | 4,935,000 |
| Noninterest income | 136,000 | 280,000 | 434,000 | 609,000 |
| Noninterest expense | 998,000 | 1,992,000 | 2,994,000 | 4,063,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 140,000 |
| Pretax income | 333,000 | 651,000 | 932,000 | 1,341,000 |
| Income tax | 7,000 | 15,000 | 22,000 | 30,000 |
| Net income | 326,000 | 636,000 | 910,000 | 1,311,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,214,000 | 18,841,000 | 19,115,000 | 19,515,000 |
| Total capital | 19,835,000 | 19,459,000 | 19,724,000 | 20,147,000 |
| Risk-weighted assets | 48,915,000 | 48,592,000 | 47,891,000 | 49,810,000 |