Call reports 2016
BANK OF THE FEDERATED STATES OF MICRONESIA — 2016
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 137,281,000 | 145,503,000 | 153,893,000 | 148,025,000 |
| Total loans | 56,429,000 | 53,920,000 | 52,550,000 | 52,240,000 |
| Allowance for loan losses | 1,466,000 | 1,523,000 | 1,622,000 | 1,576,000 |
| Securities available for sale | 29,886,000 | 28,529,000 | 27,895,000 | 33,948,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,621,000 | 123,729,000 | 131,678,000 | 125,883,000 |
| Interest-bearing deposits | 84,919,000 | 86,071,000 | 95,877,000 | 94,121,000 |
| Noninterest-bearing deposits | 30,702,000 | 37,658,000 | 35,801,000 | 31,762,000 |
| Equity capital | 21,018,000 | 20,961,000 | 21,293,000 | 21,251,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,576,000 | 3,130,000 | 4,643,000 | 6,202,000 |
| Interest expense | 46,000 | 91,000 | 139,000 | 190,000 |
| Net interest income | 1,530,000 | 3,039,000 | 4,504,000 | 6,012,000 |
| Noninterest income | 192,000 | 349,000 | 518,000 | 673,000 |
| Noninterest expense | 1,144,000 | 2,288,000 | 3,387,000 | 4,505,000 |
| Provision for loan losses | 60,000 | 145,000 | 205,000 | 265,000 |
| Pretax income | 518,000 | 955,000 | 1,430,000 | 1,915,000 |
| Income tax | 8,000 | 15,000 | 23,000 | 33,000 |
| Net income | 510,000 | 940,000 | 1,407,000 | 1,882,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,673,000 | 20,448,000 | 20,916,000 | 21,391,000 |
| Total capital | 21,687,000 | 21,427,000 | 21,916,000 | 22,378,000 |
| Risk-weighted assets | 80,631,000 | 77,706,000 | 79,362,000 | 78,312,000 |