Bank of the Federated States of Micronesia

Bank of the Federated States of Micronesia is headquartered in Pohnpei and is the largest bank in the state of FM. It is also the 5,239^th largest bank in the nation. It was established in 1986 and as of December of 2011, it had grown to 80 employees. Bank of the Federated States of Micronesia has a 4-star health rating.

Data for Q4 2011

Institution Statistics Bank of the Federated States of Micronesia FDIC Certificate # 26539 BankRate Report View Year Established 1986 Employees 80 Primary Regulator FDIC Assets and Liabilities Assets $89.03 million Loans $38.09 million Deposits $70.45 million Equity Capital $18.14 million Loan Loss Allowance $1.58 million Unbacked Noncurrent Loans $1.41 million Historic Data - December 2010 Assets $92.86 million Equity Capital $17.38 million Loan Loss Allowance $1.55 million Unbacked Noncurrent Loans $1.10 million Profit Margin - Quarterly Net Interest Margin 6.02% Return on Assets 1.78% Return on Equity 9.03% Interest Income $5.26 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank of the Federated States of Micronesia had $1.41 million in non-current loans and owned real-estate with $19.71 million in equity and loan loss allowances on hand to cover it. This gives Bank of the Federated States of Micronesia a Texas Ratio of 7.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of the Federated States of Micronesia held steady from 5.82% as of December 31, 2010 to 7.14% as of December 31, 2011, resulting in a negative change of 22.78%. This indicates that the balance sheet and financial strength for Bank of the Federated States of Micronesia has held steady in recent periods. Deposit Growth In the past year, Bank of the Federated States of Micronesia has decreased its total deposits by -$4.42 million, resulting in -5.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of the Federated States of Micronesia has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of the Federated States of Micronesia has $89.03 million in assets with $19.71 million in equity, resulting in a capitalization level of 22.14%, which is excellent.

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