Call reports 2018
BANK OF THE FEDERATED STATES OF MICRONESIA — 2018
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 150,745,000 | 174,384,000 | 171,386,000 | 164,292,000 |
| Total loans | 45,757,000 | 46,621,000 | 45,795,000 | 50,146,000 |
| Allowance for loan losses | 1,551,000 | 1,566,000 | 1,532,000 | 1,440,000 |
| Securities available for sale | 39,880,000 | 37,551,000 | 39,049,000 | 49,736,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,118,000 | 151,440,000 | 147,579,000 | 139,502,000 |
| Interest-bearing deposits | 89,564,000 | 109,784,000 | 107,054,000 | 102,846,000 |
| Noninterest-bearing deposits | 37,554,000 | 41,656,000 | 40,525,000 | 36,656,000 |
| Equity capital | 22,546,000 | 21,887,000 | 22,625,000 | 23,763,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,588,000 | 3,191,000 | 5,204,000 | 6,985,000 |
| Interest expense | 59,000 | 119,000 | 203,000 | 294,000 |
| Net interest income | 1,529,000 | 3,072,000 | 5,001,000 | 6,691,000 |
| Noninterest income | 151,000 | 314,000 | 474,000 | 641,000 |
| Noninterest expense | 1,133,000 | 2,241,000 | 3,358,000 | 4,450,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 487,000 | 1,025,000 | 1,937,000 | 2,642,000 |
| Income tax | 8,000 | 15,000 | 37,000 | 88,000 |
| Net income | 479,000 | 1,010,000 | 1,900,000 | 2,554,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,038,000 | 22,512,000 | 23,402,000 | 24,055,000 |
| Total capital | 23,796,000 | 23,235,000 | 24,141,000 | 24,872,000 |
| Risk-weighted assets | 59,719,000 | 56,870,000 | 58,244,000 | 64,603,000 |