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1. Below is a list of the assets and liabilities of First Econ bank. Using the data fill in the table below for First Econ

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1. Below is a list of the assets and liabilities of First Econ bank. Using the data fill in the table below for First Econ bank's balance sheet and calculate the bank's net worth. 2. Refer to the problem 1. Suppose First Econ Bank had no changes in their balance sheet throughout the year 2022 . Further assume the following interest rates were in effect for the entire year: loans =5%, securities =3%, saving accounts =1%, small time deposits =2%, large time deposits =3%, and borrowing =4%. Finally, assume First Econ Bank had the following non-interest income and expenses: earned $100,000 from lines of credit, earned $50,000 from letters of credit, paid $80,000 in dividends (owed at the end of 2012), paid $20,000 in taxes (owed at the end of 2021), and had operation expenses of $1,500,000 (includes wages and salaries, utilities, etc) Using the above information, construct First Econ's Income Statement for 2022. The calculate First Econ Bank's ROA (returns on assets) and ROE (return on equity)

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