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1st State Bank Balance Sheet Assets Cash and Due from Banks Investments Federal Funds Loans Premises Average Total Assets $ $ $ $ $ $

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1st State Bank Balance Sheet Assets Cash and Due from Banks Investments Federal Funds Loans Premises Average Total Assets $ $ $ $ $ $ 50 300 10 350 90 800 WOM. Uabilities & Equity Demand Deposits Time Deposits Federal Funds Equity Average Total Liabilities & Equity $ $ 5 $ $ 100 300 300 100 800 woooow.os Income Statement Interest income Interest Expense Non Interest Income Non-Interest Expense Net Income $ $ $ $ 100 75 5 25 5 31. What is 1st State's return on equity? income

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