Call reports 2024
BANK OF THE FEDERATED STATES OF MICRONESIA — 2024
What BANK OF THE FEDERATED STATES OF MICRONESIA reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 210,889,000 | 227,269,000 | 235,705,000 | 249,245,000 |
| Total loans | 61,174,000 | 60,264,000 | 59,349,000 | 59,959,000 |
| Allowance for loan losses | 1,796,000 | 1,875,000 | 2,008,000 | 1,904,000 |
| Securities available for sale | 42,119,000 | 57,317,000 | 61,152,000 | 63,140,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 181,535,000 | 198,513,000 | 204,307,000 | 218,145,000 |
| Interest-bearing deposits | 110,053,000 | 129,086,000 | 125,317,000 | 134,053,000 |
| Noninterest-bearing deposits | 71,482,000 | 69,427,000 | 78,990,000 | 84,092,000 |
| Equity capital | 28,163,000 | 27,392,000 | 29,815,000 | 29,949,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,680,000 | 5,426,000 | 8,224,000 | 11,269,000 |
| Interest expense | 249,000 | 592,000 | 1,000,000 | 1,375,000 |
| Net interest income | 2,431,000 | 4,834,000 | 7,224,000 | 9,894,000 |
| Noninterest income | 236,000 | 459,000 | 709,000 | 974,000 |
| Noninterest expense | 1,560,000 | 3,173,000 | 4,794,000 | 6,759,000 |
| Provision for loan losses | 135,000 | 270,000 | 405,000 | 312,000 |
| Pretax income | 972,000 | 1,850,000 | 2,734,000 | 3,797,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 972,000 | 1,850,000 | 2,734,000 | 3,797,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,091,000 | 31,054,000 | 31,957,000 | 33,021,000 |
| Total capital | 32,980,000 | 31,899,000 | 32,825,000 | 33,902,000 |
| Risk-weighted assets | 70,149,000 | 66,457,000 | 68,265,000 | 69,395,000 |