Call reports 2021
BANK OF THE FEDERATED STATES OF MICRONESIA — 2021
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 200,385,000 | 213,351,000 | 209,401,000 | 209,393,000 |
| Total loans | 50,653,000 | 50,547,000 | 52,494,000 | 54,434,000 |
| Allowance for loan losses | 1,644,000 | 1,708,000 | 1,692,000 | 1,541,000 |
| Securities available for sale | 60,673,000 | 77,982,000 | 78,143,000 | 79,223,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 172,051,000 | 185,730,000 | 181,480,000 | 181,282,000 |
| Interest-bearing deposits | 89,574,000 | 101,490,000 | 101,112,000 | 117,414,000 |
| Noninterest-bearing deposits | 82,476,000 | 84,241,000 | 80,368,000 | 63,868,000 |
| Equity capital | 27,440,000 | 26,837,000 | 27,070,000 | 27,312,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,428,000 | 2,842,000 | 4,301,000 | 5,798,000 |
| Interest expense | 18,000 | 33,000 | 49,000 | 66,000 |
| Net interest income | 1,410,000 | 2,809,000 | 4,252,000 | 5,732,000 |
| Noninterest income | 171,000 | 369,000 | 629,000 | 885,000 |
| Noninterest expense | 1,057,000 | 2,197,000 | 3,290,000 | 4,482,000 |
| Provision for loan losses | 75,000 | 135,000 | 155,000 | 5,000 |
| Pretax income | 449,000 | 846,000 | 1,436,000 | 2,130,000 |
| Income tax | 13,000 | 42,000 | 73,000 | 102,000 |
| Net income | 436,000 | 804,000 | 1,363,000 | 2,028,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,706,000 | 25,990,000 | 26,549,000 | 27,213,000 |
| Total capital | 27,519,000 | 26,778,000 | 27,387,000 | 28,068,000 |
| Risk-weighted assets | 64,064,000 | 62,003,000 | 66,031,000 | 67,565,000 |