Call reports 2019
BANK OF THE FEDERATED STATES OF MICRONESIA — 2019
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 171,815,000 | 179,760,000 | 177,518,000 | 171,503,000 |
| Total loans | 47,429,000 | 49,971,000 | 50,405,000 | 51,904,000 |
| Allowance for loan losses | 1,468,000 | 1,451,000 | 1,432,000 | 1,350,000 |
| Securities available for sale | 49,320,000 | 50,184,000 | 60,418,000 | 53,880,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 146,114,000 | 154,095,000 | 150,902,000 | 144,323,000 |
| Interest-bearing deposits | 99,452,000 | 105,530,000 | 103,374,000 | 93,019,000 |
| Noninterest-bearing deposits | 46,662,000 | 48,565,000 | 47,528,000 | 51,304,000 |
| Equity capital | 24,670,000 | 24,631,000 | 25,449,000 | 26,037,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,810,000 | 3,627,000 | 5,484,000 | 7,259,000 |
| Interest expense | 94,000 | 190,000 | 279,000 | 342,000 |
| Net interest income | 1,716,000 | 3,437,000 | 5,205,000 | 6,917,000 |
| Noninterest income | 151,000 | 343,000 | 514,000 | 672,000 |
| Noninterest expense | 1,212,000 | 2,322,000 | 3,488,000 | 4,607,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 595,000 | 1,338,000 | 2,051,000 | 2,742,000 |
| Income tax | 8,000 | 15,000 | 22,000 | 75,000 |
| Net income | 587,000 | 1,323,000 | 2,029,000 | 2,667,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,642,000 | 24,098,000 | 24,803,000 | 25,441,000 |
| Total capital | 25,415,000 | 24,947,000 | 25,866,000 | 26,246,000 |
| Risk-weighted assets | 61,032,000 | 67,187,000 | 84,514,000 | 63,770,000 |