Call reports 2015
BANK OF THE FEDERATED STATES OF MICRONESIA — 2015
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 123,746,000 | 130,496,000 | 146,960,000 | 129,106,000 |
| Total loans | 43,709,000 | 43,709,000 | 48,396,000 | 56,457,000 |
| Allowance for loan losses | 1,384,000 | 1,457,000 | 1,506,000 | 1,534,000 |
| Securities available for sale | 28,676,000 | 27,526,000 | 27,225,000 | 28,257,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,190,000 | 110,979,000 | 126,285,000 | 108,261,000 |
| Interest-bearing deposits | 71,018,000 | 76,054,000 | 88,790,000 | 80,331,000 |
| Noninterest-bearing deposits | 32,172,000 | 34,925,000 | 37,495,000 | 27,930,000 |
| Equity capital | 20,005,000 | 18,873,000 | 19,929,000 | 20,105,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,264,000 | 2,463,000 | 3,738,000 | 5,223,000 |
| Interest expense | 44,000 | 87,000 | 133,000 | 184,000 |
| Net interest income | 1,220,000 | 2,376,000 | 3,605,000 | 5,039,000 |
| Noninterest income | 149,000 | 329,000 | 493,000 | 698,000 |
| Noninterest expense | 1,035,000 | 2,071,000 | 3,083,000 | 4,139,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 265,000 |
| Pretax income | 274,000 | 514,000 | 835,000 | 1,333,000 |
| Income tax | 7,000 | 15,000 | 23,000 | 33,000 |
| Net income | 267,000 | 499,000 | 812,000 | 1,300,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,782,000 | 19,360,000 | 19,674,000 | 20,162,000 |
| Total capital | 20,652,000 | 20,204,000 | 20,527,000 | 21,221,000 |
| Risk-weighted assets | 69,085,000 | 66,935,000 | 67,544,000 | 84,246,000 |