Bank of Guam Reports – 711472

Bank of Guam Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 11/22/2024

Bank of Guam is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Hagatna, GU. Established on 12/11/1972, the bank is regulated by the FDIC and has 1 domestic offices. It operates in the N/A.

The bank has 538 employees and holds $2,592,102k in total assets. With a focus on community banking, the bank has been serving its customers since 12/11/1972.

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Bank of Guam Institution Profile

Established Date12/11/1972Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary RegulatorFDICNumber of Domestic Offices1
Number of Foreign Offices0Number of US Offices16
Number of Employees538Directly owned by another bank (CERT)No
Community BankNoZIP96910
Ownership TypeNot MutualCityHagatna
State Alpha codeGUState and County Number66010
Subchapter S CorporationsNoTrust PowersN/A
Federal Reserve ID Number12Federal Reserve ID Number DescriptionSAN FRANCISCO
Office of The Comptroller District:WESTERN DISTRICTOffice of Thrift Supervision RegionWest
Last Structure Change Effective Date11/18/2023Date of Deposit Insurance12/11/1972
Primary Insurance AgencyDIF

Institution Profile Overview

Delve into the foundational details of Bank of Guam with our “Institution Profile” table. The 12/11/1972 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

1 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Hagatna, GU, and 96910 provide geographic context. Explore these attributes to gain a holistic view of Bank of Guam in the financial landscape.

Bank of Guam Financials

(USD, in thousands)

Total Assets$2,592,102Total Liabilities$2,387,297
Total Equity Capital$204,805Total Deposits$2,340,388
Net Loans and Leases$1,581,043Total Interest Income$31,941
Total Noninterest Income$12,318Total Interest Expense$1,113
Total Noninterest Expense$33,379Tier 1 Risk-Based Capital Ratio251,140.00%
Net Loans and Leases to Core DepositsN/AReturn on Assets1.03%
Return on Equity13.43%Efficiency Ratio77.36%

Financial Performance Overview

Gain a comprehensive perspective on Bank of Guam’s financial landscape through our “Financials” table. The bank boasts total assets of $2,592,102k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $2,387,297k and total equity capital at $204,805k.

Delve into key operational metrics, including total deposits of $2,340,388k, net loans and leases at $1,581k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 251140, and Return on Assets at 1.03. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Bank of Guam’s performance and competitive positioning within the financial industry.

Bank of Guam Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x)N/ANet Loans and Leases to Core DepositsN/A
Tier 1 Risk-Based Capital Ratio251,140.00%Securities Gains (Losses)$0
Goodwill and Other IntangiblesN/ACost of Funding Earning Assets0.00%
Yield on Earning Assets5.38%Total Interest Income$31,941
Applicable Income Taxes$1,775Loss Allowance to Loans and Leases1.63%
Net Loans and Leases$1,581,043Loss Allowance to Noncurrent Loans and Leases71.62%
Noncurrent Loans to Loans2.28%Net Income Attributable to Bank and Noncontrolling Interests$6,561
Net Interest Income$30,828Net Interest Margin5.19%
Net Operating Income to Assets1.03%Noninterest Income to Average Assets1.93%
Total Noninterest Income$12,318Noninterest Expense to Average Assets5.24%
Total Noninterest Expense$33,379Net Charge-Offs to Loans and Leases-0.08%
All Other AssetsN/AOther Real Estate Owned$0
Other borrowed funds$0Pre-tax Net Operating Income$8,336
Pretax Return on Assets1.31%Return on Assets1.03%
Retained Earnings to Average Equity (YTD only)N/A

Insights into Financial Metrics

Enhance your understanding of Bank of Guam‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $1,581,043k and Net Interest Income $30,828k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 251140 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: -0.08 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $12,318k and evaluate operational efficiency using metrics like Efficiency Ratio: 77.36. This nuanced financial overview empowers a comprehensive analysis of Bank of Guam‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Bank of Guam?

The asset size of Bank of Guam is approximately $2,592,102k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Bank of Guam compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Bank of Guam, this ratio stands at
67.55%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Bank of Guam?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 251140.

What is the net interest margin of Bank of Guam, and how has it trended over the past year?

The current net interest margin is 5.19. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Bank of Guam’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Bank of Guam, this stands at 2.2824.

Are there any recent regulatory changes that could impact Bank of Guam’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Bank of Guam. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Bank of Guam?

Bank of Guam was established on 12/11/1972. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Bank of Guam FDIC insured?

Yes, Bank of Guam is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Bank of Guam in OK?

The routing number for Bank of Guam in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Bank of Guam?

Bank of Guam is a significant player in the financial sector with total assets valued at $2,592,102k and a network of 1 domestic offices.

Is Bank of Guam a local bank?

Bank of Guam is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Bank of Guam. Get more data about Bank of Guam on Visbanking Report Portal.