Call reports 2023
BANK OF THE FEDERATED STATES OF MICRONESIA — 2023
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 216,268,000 | 222,303,000 | 221,552,000 | 216,603,000 |
| Total loans | 60,889,000 | 61,773,000 | 60,517,000 | 60,414,000 |
| Allowance for loan losses | 2,028,000 | 2,103,000 | 2,137,000 | 1,753,000 |
| Securities available for sale | 61,022,000 | 46,621,000 | 44,226,000 | 43,550,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 190,580,000 | 197,189,000 | 195,860,000 | 188,063,000 |
| Interest-bearing deposits | 113,193,000 | 121,839,000 | 122,265,000 | 112,209,000 |
| Noninterest-bearing deposits | 77,387,000 | 75,350,000 | 73,595,000 | 75,854,000 |
| Equity capital | 25,041,000 | 24,307,000 | 24,823,000 | 27,348,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,346,000 | 4,862,000 | 7,528,000 | 10,360,000 |
| Interest expense | 119,000 | 249,000 | 411,000 | 572,000 |
| Net interest income | 2,227,000 | 4,613,000 | 7,117,000 | 9,788,000 |
| Noninterest income | 196,000 | 435,000 | 653,000 | 904,000 |
| Noninterest expense | 1,457,000 | 2,990,000 | 4,487,000 | 6,077,000 |
| Provision for loan losses | 135,000 | 370,000 | 635,000 | 830,000 |
| Pretax income | 831,000 | 1,688,000 | 2,648,000 | 3,785,000 |
| Income tax | 26,000 | 51,000 | 77,000 | 0 |
| Net income | 805,000 | 1,637,000 | 2,571,000 | 3,785,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,280,000 | 28,972,000 | 29,906,000 | 31,121,000 |
| Total capital | 30,131,000 | 29,902,000 | 30,761,000 | 32,010,000 |
| Risk-weighted assets | 66,808,000 | 73,143,000 | 67,019,000 | 70,189,000 |