Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ASSETS INCOME STATEMENT DATA CASH 336,500 INTEREST INCOME 571,860 FED FUNDS 72,000 NON INTEREST INCOME 227,550 TREASURY SECURITIES 1,498,000 INTEREST EXPENSES 224,680 MUNICIPAL BONDS 248,000
ASSETS | INCOME STATEMENT DATA | ||||
CASH | 336,500 | INTEREST INCOME | 571,860 | ||
FED FUNDS | 72,000 | NON INTEREST INCOME | 227,550 | ||
TREASURY SECURITIES | 1,498,000 | INTEREST EXPENSES | 224,680 | ||
MUNICIPAL BONDS | 248,000 | NON INTEREST EXPENSES | 165,000 | ||
CORPORATE BONDS | 48,000 | PROVISION FOR LOAN LOSSES | 5,950 | ||
GROSS LOANS & LEASES | 4,500,000 | TAX RATE | 19% | ||
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 SPREAD
PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES, DON'T USE THE PERCENTAGE SYMBOL
EXAMPLE IF YOUR ANSWER IS 57%, JUST WRITE 57
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