Call reports 2022
BANK OF THE FEDERATED STATES OF MICRONESIA — 2022
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 203,980,000 | 211,414,000 | 219,730,000 | 225,251,000 |
| Total loans | 57,529,000 | 60,134,000 | 59,273,000 | 62,131,000 |
| Allowance for loan losses | 1,601,000 | 1,734,000 | 1,741,000 | 1,940,000 |
| Securities available for sale | 71,808,000 | 66,974,000 | 63,750,000 | 61,622,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 178,083,000 | 187,475,000 | 196,787,000 | 201,345,000 |
| Interest-bearing deposits | 116,156,000 | 122,415,000 | 123,086,000 | 127,863,000 |
| Noninterest-bearing deposits | 61,927,000 | 65,059,000 | 73,701,000 | 73,482,000 |
| Equity capital | 25,234,000 | 23,342,000 | 22,286,000 | 23,356,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,544,000 | 3,196,000 | 5,142,000 | 7,332,000 |
| Interest expense | 17,000 | 70,000 | 184,000 | 295,000 |
| Net interest income | 1,527,000 | 3,126,000 | 4,958,000 | 7,037,000 |
| Noninterest income | 223,000 | 458,000 | 664,000 | 891,000 |
| Noninterest expense | 1,170,000 | 2,383,000 | 3,647,000 | 4,927,000 |
| Provision for loan losses | 60,000 | 200,000 | 260,000 | 550,000 |
| Pretax income | 520,000 | 1,001,000 | 1,715,000 | 2,451,000 |
| Income tax | 36,000 | 82,000 | 127,000 | 171,000 |
| Net income | 484,000 | 919,000 | 1,588,000 | 2,280,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,699,000 | 27,114,000 | 27,783,000 | 28,475,000 |
| Total capital | 28,563,000 | 27,985,000 | 28,632,000 | 29,340,000 |
| Risk-weighted assets | 68,266,000 | 68,699,000 | 66,842,000 | 68,074,000 |