Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assets Cash Demand deposits from other FIS Investments Federal funds sold Loans Reserve for loan losses Premises Total assets Balance Sheet First National Bank Liabilities

image text in transcribed

Assets Cash Demand deposits from other FIS Investments Federal funds sold Loans Reserve for loan losses Premises Total assets Balance Sheet First National Bank Liabilities and Equity $ 610 Demand deposits 2,150 Sma11 time deposits 4, 850 Jumbo CDs 2,505 Federal funds purchased 17, 125 Equity (2,725) 2, 485 $27,000 Total liabilities/equity $ 6,350 10,600 4,000 3,050 3,000 $27,000 Income Statement First National Bank Interest income $3,400 Interest expense 2,270 Provision for loan losses 340 Noninterest income 300 Noninterest expense 580 Taxes 80 a. Calculate the dollar value of FNB's earning assets. b. Calculate FNB's ROA. (Round your answer to 2 decimal places. (e.g., 32.16)) c. Calculate FNB's asset utilization ratio. (Round your answer to 2 decimal places. (e.g., 32.16)) d. Calculate FNB's spread. (Round your answer to 2 decimal places. (e.g., 32.16)) a. FNB's earning assets FNB's ROA b % C. FNB's asset utilization ratio % d. FNB's spread :%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Implementing An Audit Programme Developing And Implementing A Healthcare Audit Programme

Authors: Achal Kumar Gupta

1st Edition

3659298883, 978-3659298882

More Books

Students also viewed these Accounting questions