Call reports 2020
BANK OF THE FEDERATED STATES OF MICRONESIA — 2020
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 165,171,000 | 191,698,000 | 187,696,000 | 205,916,000 |
| Total loans | 53,487,000 | 52,635,000 | 51,813,000 | 52,734,000 |
| Allowance for loan losses | 1,379,000 | 1,395,000 | 1,481,000 | 1,508,000 |
| Securities available for sale | 52,039,000 | 48,425,000 | 45,438,000 | 52,743,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,098,000 | 163,568,000 | 159,260,000 | 177,397,000 |
| Interest-bearing deposits | 88,856,000 | 91,833,000 | 89,447,000 | 92,980,000 |
| Noninterest-bearing deposits | 47,242,000 | 71,735,000 | 69,814,000 | 84,417,000 |
| Equity capital | 27,800,000 | 26,822,000 | 27,217,000 | 27,497,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,769,000 | 3,334,000 | 4,853,000 | 6,338,000 |
| Interest expense | 54,000 | 89,000 | 123,000 | 150,000 |
| Net interest income | 1,715,000 | 3,245,000 | 4,730,000 | 6,188,000 |
| Noninterest income | 180,000 | 374,000 | 570,000 | 782,000 |
| Noninterest expense | 1,209,000 | 2,376,000 | 3,385,000 | 4,453,000 |
| Provision for loan losses | 70,000 | 145,000 | 230,000 | 335,000 |
| Pretax income | 616,000 | 1,098,000 | 1,685,000 | 2,182,000 |
| Income tax | 8,000 | 15,000 | 18,000 | 18,000 |
| Net income | 608,000 | 1,083,000 | 1,667,000 | 2,164,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,050,000 | 25,189,000 | 25,771,000 | 26,270,000 |
| Total capital | 26,839,000 | 26,077,000 | 26,525,000 | 27,079,000 |
| Risk-weighted assets | 62,370,000 | 70,343,000 | 59,410,000 | 63,905,000 |