Bank of the Federated States of Micronesia
Bank of the Federated States of Micronesia is an FDIC-insured commercial bank headquartered in Pohnpei, supervised by the FDIC, with $278.4M in total assets at Q2 2026, up 1.8% from Q2 2025. It was established in 1986 and holds FDIC certificate 26539. Its CET1 capital ratio was 47.46% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 26539
- Headquarters
- Pohnpei
- Established
- 1986
- Total assets, Q2 2026
- $278.4M
- Assets vs Q2 2025
- +1.8%
- CET1 ratio, Q2 2026
- 47.46%
- Domestic offices
- 0 FDIC institution directory, current count
- Safety and soundness
- Is Bank of the Federated States of Micronesia safe?
- Latest call report
- Q2 2026, FFIEC 051 · Bank of the Federated States of Micronesia Q3 2026 call report, filed October 22, 2026 (preliminary)
Problem loans are rising at Bank of the Federated States of Micronesia. It reported $278 million in assets at June 30, 2026, up 1.8% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 9.98% of loans from 1.41% a year earlier. It pays an average of 0.60% on its deposits and borrowings, about a third the median of 1.80% for the 2,627 banks with $100 million to $1 billion in assets. It also holds common equity equal to 47.46% of its risk-weighted assets, about triple the median of 15.11% for banks its size.
The commercial and industrial book ($12 million) is worsening: 15.46% of it is past due or on nonaccrual, up from 7.51% a year earlier. The multifamily book ($7.5 million) is worsening: 69.71% of it is past due or on nonaccrual, up from 4.82% a year earlier. Credit is the area to watch: it carries problem assets equal to 18.2% of the capital and reserves that would absorb them, 6.9 times the median of 2.7% for banks its size.
As of June 30, 2026, Bank of the Federated States of Micronesia reported a CET1 capital ratio of 47.46%, a return on assets of 1.52%, a nonperforming-loan ratio of 9.98% and a Texas ratio of 18.22%. The figures come from its call report filed with the FFIEC.
From Q1 2026 to Q2 2026, its total assets rose 5.2% to $278.4M, loans fell 1.6% and deposits rose 6.8%. The largest part of its loan book on June 30, 2026 was other consumer loans, at 29.8% of total loans, ahead of commercial and industrial loans at 18.7%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in FM; its Kolonia office books 64% of its branch deposits. Judged on its Q2 2026 call report, Bank of the Federated States of Micronesia meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 98 Kaselehlie Street, Pohnpei 96941
- County
- Pohnpei
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- —
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- February 7, 1986
- Employees (FTE)
- 110
- Domestic deposits
- $245.4M
- Allowance for credit losses
- $2.3M
- Net charge-offs (YTD)
- $157K
- Average total assets
- $274.6M
- Average total loans
- $63.2M
- Average interest-bearing deposits
- $150.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 7, 1986
- FDIC Cert
- 26539
- Fed RSSD
- 718275
- Website
- www.bofsm.bank →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. After a merger that grows assets 25% or more, the UBPR averages balances from the merger date on while the income stays year to date, so a YTD ratio can differ widely from the ratio of either quarter. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Bank of the Federated States of Micronesia's total assets moved between a low of $210.9M (Q1 2024) and a high of $278.4M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$278.4M total assets against $273.4M; $246.4M total liabilities against $242.2M.
$60.3M net loans and leases against $58.2M; $245.4M total deposits against $241.1M.
$112.4M securities against $91.2M; $102.0M cash and balances due against $120.0M.
$3.2M total interest income against $3.3M; $354K total interest expense against $334K.
$2.9M net interest income against $2.9M.
$250K total noninterest income against $227K; $1.9M total noninterest expense against $1.9M.
$135K provision for credit losses against $175K.
$1.0M net income against $1.1M.
1.52% return on assets against 1.66%; 4.32% net interest margin against 4.73%.
47.46% CET1 capital ratio against 47.47%; 12.47% tier 1 leverage ratio against 12.76%.
Inside the full Bank of the Federated States of Micronesia terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Bank of the Federated States of Micronesia rankings
Its closest position to the top of a national ranking is 6 of 2,134, for CET1 ratio; its furthest is 2,565 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.29% (Q1 2026) to 1.78% (Q4 2024) and its net interest margin ran from 4.15% (Q1 2026) to 4.73% (Q2 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 47.46% | 1.52% | 9.98% | 18.22% | 4.32% |
| Q1 2026 | 49.00% | 1.29% | 4.77% | 8.39% | 4.15% |
| Q4 2025 | 48.78% | 1.30% | 3.45% | 6.17% | 4.64% |
| Q3 2025 | 47.69% | 1.65% | 1.41% | 2.54% | 4.30% |
| Q2 2025 | 47.47% | 1.66% | 1.41% | 2.56% | 4.73% |
| Q1 2025 | 49.77% | 1.52% | 1.40% | 2.46% | 4.23% |
| Q4 2024 | 47.58% | 1.78% | 0.73% | 1.38% | 4.57% |
| Q3 2024 | 46.81% | 1.54% | 0.76% | 1.41% | 4.38% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bank of the Federated States of Micronesia (main office) | Kolonia , FM | 96941 | $157.8M |
| Chuuk Branch | Chuuk , FM | 96942 | $48.3M |
| Yap Branch | Yap , FM | 96943 | $26.2M |
| Kosrae Branch | Kosrae , FM | 96944 | $13.0M |
Regulatory record
Facts as filed or published, not a rating.
- Not on file
- Enforcement actions, Deposit market share, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bank of the Federated States of Micronesia
What are Bank of the Federated States of Micronesia's total assets?
As of the Q2 2026 filing, Bank of the Federated States of Micronesia reported total assets of $278.4 million in its FFIEC call report.
Where is Bank of the Federated States of Micronesia headquartered?
It is headquartered in Pohnpei, United States.
When was Bank of the Federated States of Micronesia founded?
It was established in 1986, per the FDIC institution directory.
Is Bank of the Federated States of Micronesia FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #26539). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank of the Federated States of Micronesia?
Bank of the Federated States of Micronesia's primary federal regulator is the FDIC.
What is Bank of the Federated States of Micronesia's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 47.46% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
What is Bank of the Federated States of Micronesia's Texas Ratio?
Its Texas Ratio is 18.22% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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