Call reports 2017
BANK OF THE FEDERATED STATES OF MICRONESIA — 2017
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 149,315,000 | 161,042,000 | 164,495,000 | 144,404,000 |
| Total loans | 51,388,000 | 48,532,000 | 49,493,000 | 46,485,000 |
| Allowance for loan losses | 1,599,000 | 1,499,000 | 1,532,000 | 1,524,000 |
| Securities available for sale | 33,463,000 | 32,550,000 | 31,287,000 | 30,443,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 126,773,000 | 138,521,000 | 141,257,000 | 120,976,000 |
| Interest-bearing deposits | 90,981,000 | 103,233,000 | 99,412,000 | 84,623,000 |
| Noninterest-bearing deposits | 35,792,000 | 35,288,000 | 41,845,000 | 36,353,000 |
| Equity capital | 21,731,000 | 21,375,000 | 21,943,000 | 22,301,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,499,000 | 3,047,000 | 4,680,000 | 6,241,000 |
| Interest expense | 50,000 | 99,000 | 155,000 | 213,000 |
| Net interest income | 1,449,000 | 2,948,000 | 4,525,000 | 6,028,000 |
| Noninterest income | 153,000 | 332,000 | 505,000 | 670,000 |
| Noninterest expense | 1,046,000 | 2,097,000 | 3,162,000 | 4,199,000 |
| Provision for loan losses | 90,000 | 180,000 | 255,000 | 315,000 |
| Pretax income | 466,000 | 1,003,000 | 1,613,000 | 2,184,000 |
| Income tax | 8,000 | 15,000 | 54,000 | 83,000 |
| Net income | 458,000 | 988,000 | 1,559,000 | 2,101,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,848,000 | 21,446,000 | 22,016,000 | 22,558,000 |
| Total capital | 22,865,000 | 22,379,000 | 22,781,000 | 23,290,000 |
| Risk-weighted assets | 80,824,000 | 73,990,000 | 60,243,000 | 57,628,000 |