Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ASSETS INCOME STATEMENT DATA CASH 336,500 INTEREST INCOME 382,000 FED FUNDS 72,000 NON INTEREST INCOME 226,000 TREASURY SECURITIES 1,498,000 INTEREST EXPENSES 277,000 MUNICIPAL BONDS 248,000
ASSETS | INCOME STATEMENT DATA | |||
CASH | 336,500 | INTEREST INCOME | 382,000 | |
FED FUNDS | 72,000 | NON INTEREST INCOME | 226,000 | |
TREASURY SECURITIES | 1,498,000 | INTEREST EXPENSES | 277,000 | |
MUNICIPAL BONDS | 248,000 | NON INTEREST EXPENSES | 164,000 | |
CORPORATE BONDS | 48,000 | PROVISION FOR LOAN LOSSES | 5,950 | |
GROSS LOANS & LEASES | 4,600,000 | TAX RATE | 19% | |
RESERVE FOR LOAN LOSSES | 12,000 | |||
NET LOANS & LEASES | 4,588,000 | |||
OTHER ASSETS | 31,000 | |||
TOTAL ASSETS | 6,821,500 | |||
LIABILITIES | ||||
DEMAND DEPOSITS | 570,000 | |||
SAVINGS ACCOUNTS | 700,000 | |||
NOW ACCOUNTS | 800,000 | |||
MONEY MARKETS ACC. | 400,000 | |||
CD RETAIL | 2,580,000 | |||
CD WHOLESALE | 1,200,000 | - | ||
REPO'S | 37,000 | |||
OTHER LIABILITIES | 12,500 | |||
TOTAL LIABILITIES | 6,299,500 | |||
TOTAL EQUITY | 522,000 | |||
TOTAL LIABILITIES & EQUITY | 6,821,500 |
CALCULATE ROE
PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started