Bank of the Federated States of Micronesia
Asset quality shifted last quarter — NPLs rose to 5.32% from 3.95% in the prior period. Operating from Pohnpei, Bank of the Federated States of Micronesia serves its local market as an FDIC-insured commercial bank, during the Savings & Loan crisis era. As of Q1 2026, the bank held approximately $265M in total assets and $230M in deposits. The bank posts a strong 1.29% ROA and 10.39% ROE. Capital is comfortably above regulatory minimums — CET1 ratio of 49.00% sits well above the 7% well-capitalized threshold. Asset quality is impaired, with nonperforming loans at 5.32%. 5 branches make up the footprint.
Headquarters Profile
- Address
- 98 Kaselehlie Street, POHNPEI 96941
- County
- Pohnpei
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- Fed District
- 14
- Established
- February 7, 1986
- Branches
- 5 domestic
- Employees (FTE)
- 111
- FDIC Cert
- 26539
- Fed RSSD
- 718275
- Website
- www.bofsm.bank →
Capital & Liquidity
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Watch flags
Automated conditions triggered on this bank's latest filing. Advisory only — see the source metric pages for full context.
Non-performing loans (90+ days past due or non-accrual) exceed 3% of total loans — well above the typical community-bank range of 0.5–1.5%.
Bank of the Federated States of Micronesia rankings
How this bank ranks against the full population of US commercial banks in each leaderboard. Click any rank to see the full ranked list.
Quarterly trend — last 6 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
Branch Network
Every branch from the FDIC Summary of Deposits — mapped, and listed with the deposits booked at each location.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Loading branches… | |||
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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 Q1 2026 filing, Bank of the Federated States of Micronesia reported total assets of $264.6 million in its most recent FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Bank of the Federated States of Micronesia headquartered?
Bank of the Federated States of Micronesia is headquartered in POHNPEI, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was Bank of the Federated States of Micronesia founded?
Bank of the Federated States of Micronesia was established in 1986, per the FDIC institution directory.
Is Bank of the Federated States of Micronesia FDIC-insured?
Yes. Bank of the Federated States of Micronesia 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. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Bank of the Federated States of Micronesia's CET1 capital ratio?
Bank of the Federated States of Micronesia reported a Common Equity Tier 1 (CET1) capital ratio of 49.00% in its most recent quarterly filing — comfortably above the 7% well-capitalized regulatory floor.
How many branches does Bank of the Federated States of Micronesia operate?
Bank of the Federated States of Micronesia operates 5 domestic branches, per the most recent FDIC Summary of Deposits filing.
What is Bank of the Federated States of Micronesia's Texas Ratio?
Bank of the Federated States of Micronesia's Texas Ratio is 9.35% — within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; see our /glossary/texas-ratio/ page for the full definition.
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