Dudley Bank has the following balance sheet and income statement.

(LG 12-5)

Income Statement Interest on fees and loans $6,715 Interest on repurchase agreements 143 Interest on other investment securities 1,705 Interest on deposits in banks 60 Total interest income $8,623 Interest on deposits 3,018 Interest on debentures 1,140 Total interest expense $4,158 Net interest income $4,465 Provision for loan losses 200 Noninterest income 950 Noninterest expenses 1,720 Income before taxes $3,495 Taxes 1,220 Net income $2,275 For Dudley Bank, calculate:

a. Return on equity

b. Return on assets

c. Asset utilization

d. Equity multiplier

e. Profit margin

f. Interest expense ratio g. Provision for loan loss ratio h. Noninterest expense ratio i. Tax ratio j. Overhead efficiency

 LO.1