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Bank of the Federated States of Micronesia

Pohnpei, 0 · Cert 26539

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

87

Q2 2024Q2 2026peer median (50)

Asset Quality

2

Q2 2024Q2 2026peer median (50)

Profitability

68

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

51

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank of the Federated States of Micronesia

Pohnpei, 0 · Cert 26539

State charter, non-member · FDIC · 4 branches

Q2 2026

$278.4MAssets
$62.5MLoans
$245.4MDeposits
$32.0MEquity
Loan mix
46%RE $29.4M19%C&I $11.8M35%Consumer $22.3MQ3 2024Q2 2026
Deposit mix
63%Interest-bearing $155.6M37%Noninterest $89.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.42%, down 15 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 9.98% of loans (+857 bps YoY), with net charge-offs at 0.50%.
  • Capital: tier 1 leverage ratio of 12.47%, down 28 bps from a year ago.
  • Funding: loans stand at 25.49% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.42%-15 bps YoY

Net Interest Margin (YTD, annualized)

4.08%-21 bps YoY

Efficiency Ratio (YTD, annualized)

64.17%+252 bps YoY

Tier 1 Leverage Ratio

12.47%-28 bps YoY

NIM

4.91%Q2 ’244.82%Q2 ’254.63%Q2 ’26-2%-5%

Non-interest income vs. expense

2.87%Q2 ’242.91%Q2 ’252.86%Q2 ’26+1%+0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.64%1.67%1.53%1.57%1.61%1.52%1.32%1.42%-15 bps
Return on Equity12.94%13.31%12.30%12.99%13.27%12.48%10.39%11.56%-143 bps
Net Interest Margin4.20%4.14%4.12%4.30%4.13%4.31%4.01%4.08%-21 bps
Efficiency Ratio60.43%62.19%62.47%61.65%60.55%62.73%66.12%64.17%+252 bps
Non-Interest Burden2.38%2.42%2.38%2.49%2.34%2.56%2.52%2.49%0 bps
Growth
Asset Growth (YoY)6.39%15.07%16.73%20.30%12.79%8.70%7.50%1.83%-1,847 bps
Loan Growth (YoY)-1.93%-0.75%-3.07%-0.15%5.53%7.35%7.20%3.95%+410 bps
Deposit Growth (YoY)4.31%16.00%17.58%21.46%13.58%8.14%7.61%1.78%-1,968 bps
Asset Quality
Nonperforming Loans / Loans0.76%0.73%1.40%1.41%1.41%3.45%4.77%9.98%+857 bps
Net Charge-Offs / Loans0.34%0.27%0.77%0.77%0.65%0.57%0.65%0.50%-27 bps
Allowance / Loans3.38%3.18%3.25%3.30%3.35%3.37%3.46%3.65%+35 bps
Allowance Coverage of NPLs4.5x4.3x2.3x2.3x2.4x1.0x0.7x0.4x-2.0x
Capital
Tier 1 Leverage Ratio13.94%13.82%13.62%12.76%12.49%13.16%13.00%12.47%-28 bps
Total Risk-Based Capital48.08%48.85%51.04%48.74%48.96%50.05%50.27%48.73%-1 bps
Equity / Assets12.65%12.02%12.91%11.41%12.30%12.49%12.84%11.48%+7 bps
Liquidity & Funding
Loans / Deposits29.05%27.49%27.78%24.96%26.99%27.29%27.67%25.49%+53 bps
Liquid Assets / Assets41.26%47.07%43.13%41.10%30.06%31.30%29.96%33.03%-807 bps
CRE / Total Capitaln/an/an/an/a69.36%67.19%65.25%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Bank of the Federated States of Micronesia

Pohnpei, 0 · Cert 26539 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

State charter, non-member · FDIC · 4 branches

Q2 2026

$278.4MAssets
$62.5MLoans
$245.4MDeposits
$32.0MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 99% of banks under $1B in assets operating in a single state (rank 10 of 746).
  • Widest gap: nonperforming loans / loans trails 99% of banks under $1B in assets operating in a single state (rank 740 of 743).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.38%

Rank 219 of 746

Net Interest Margin

4.08%

Rank 213 of 746

Efficiency Ratio

64.17%

Rank 364 of 746

Equity / Assets

11.48%

Rank 282 of 746

Non-interest income vs. expense

$1.0M$7.8MINCOMEEXPENSE
Unfavorable gap of $6.8M · efficiency ratio beats 51% of banks under $1B in assets operating in a single state
Bank 64.17%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.38%0.72%1.06%1.45%Beats 71%219 / 746
Return on Equity12.02%6.74%10.51%13.63%Beats 63%275 / 746
Net Interest Margin4.08%3.17%3.68%4.16%Beats 71%213 / 746
Efficiency Ratio64.17%55.74%64.58%75.47%Beats 51%364 / 746
Asset Quality
Nonperforming Loans / Loans9.98%0.09%0.42%1.07%Beats 1%740 / 743
Net Charge-Offs / Loans0.53%0.00%0.01%0.05%Beats 3%724 / 743
Capital
Tier 1 Capital Ratio47.46%11.55%13.75%17.60%Beats 99%10 / 746
Total Risk-Based Capital Ratio48.73%11.71%14.33%18.43%Beats 99%10 / 746
Equity / Assets11.48%8.90%10.51%13.06%Beats 62%282 / 746
Liquidity & Funding
Loans / Deposits25.49%61.31%78.27%90.78%1st pctl735 / 746
Loans / Assets22.46%53.60%66.97%76.08%2nd pctl733 / 746
Brokered Deposits / Depositsn/aNot reported for this institution