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Arrange the items from Table 1 into an income statement. Label each item, place it in the appropriate category, and determine the bank's bottom-line net
Arrange the items from Table 1 into an income statement. Label each item, place it in the appropriate category, and determine the bank's bottom-line net income. 1 points 17 2 Points 1 1 1 $ 294,200.00 1 1 1 3 4 Interest on U.S. Treasury & agency securities 5 Interest on municipal bonds 6 Interest and fees on loans 7 Interest income = 8 9 Interest paid on interest-checking accounts 10 Interest paid on time deposits 11 Interest paid on jumbo CDs 12 Interest expense = 13 Net interest income = 14 15 Provisions for loan losses 16 Net interest income after provisions = 17 18 Fees received on mortgage originations 19 Service charge receipts 20 Trust department income 21 Non-interest income = Table 1 a. Interest paid on time deposits under $100,000: b. Interest paid on jumbo CDs: c. Interest received on U.S. Treasury and agency securities: d. Fees received on mortgage originations: e. Dividends paid per share f. Total number of shares outstanding g. Provisions for loan losses: h. Interest and fees on loans: i. Interest paid on interest checking accounts: 1. Interest received on municipal bonds: k. Employee salaries and benefits: 1. Purchase of a new computer system: m. Service charge receipts from customer accounts: n. Occupancy expense for bank building: o. Taxes rate on taxable income Ip. Trust department income equals: $78,002 $101,000 $44,500 $23,000 $0.50 5,000 $18,000 $189,700 $33,500 $60,000 $145,000 $50,000 $41,000 $22,000 349 $15,000 1 $ 81,698.00 1 1 1 1 1 1 $ 79,000.00 1 1 $ 167,000.00 1 23 Employee salaries and benefits 24 Occupancy expense 25 Non-interest expense = 26 27 Income before income taxes 28 Income taxes 29 Net income = 30 31 Cash dividends declared 32 Retained earnings = 33 1 -16,039 1 -18,809 24
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