Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASSETS INCOME STATEMENT DATA CASH 336,500 INTEREST INCOME 476,000 FED FUNDS 72,000 NON INTEREST INCOME 230,000 TREASURY SECURITIES 1,498,000 INTEREST EXPENSES 275,000 MUNICIPAL BONDS 248,000

ASSETS INCOME STATEMENT DATA
CASH 336,500 INTEREST INCOME 476,000
FED FUNDS 72,000 NON INTEREST INCOME 230,000
TREASURY SECURITIES 1,498,000 INTEREST EXPENSES 275,000
MUNICIPAL BONDS 248,000 NON INTEREST EXPENSES 165,000
CORPORATE BONDS 48,000 PROVISION FOR LOAN LOSSES 6,000
GROSS LOANS & LEASES 4,500,000 TAX RATE 18.5%
RESERVE FOR LOAN LOSSES 12,000
NET LOANS & LEASES 4,488,000
OTHER ASSETS 31,000
TOTAL ASSETS 6,721,500
LIABILITIES
DEMAND DEPOSITS 514,000
SAVINGS ACCOUNTS 700,000
NOW ACCOUNTS 800,000
MONEY MARKETS ACC. 300,000
CD RETAIL 2,580,000
CD WHOLESALE 1,200,000 -
REPO'S 37,000
OTHER LIABILITIES 12,500
TOTAL LIABILITIES 6,143,500
TOTAL EQUITY 578,000
TOTAL LIABILITIES & EQUITY 6,721,500

CALCULATE PROFIT MARGIN (PM)

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

Students also viewed these Finance questions