Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASSETS INCOME STATEMENT DATA CASH INTEREST INCOME 336,500 450,000 FED FUNDS NON INTEREST INCOME 72,000 227,550 TREASURY SECURITIES INTEREST EXPENSES 1,498,000 281,000 MUNICIPAL BONDS 248,000

image text in transcribed
image text in transcribed
ASSETS INCOME STATEMENT DATA CASH INTEREST INCOME 336,500 450,000 FED FUNDS NON INTEREST INCOME 72,000 227,550 TREASURY SECURITIES INTEREST EXPENSES 1,498,000 281,000 MUNICIPAL BONDS 248,000 165,000 CORPORATE BONDS 48,000 NON INTEREST EXPENSES PROVISION FOR LOAN LOSSES TAX RATE 5,950 4,500,000 19% GROSS LOANS & LEASES RESERVE FOR LOAN LOSSES NET LOANS & LEASES 12,000 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 DELAND DEPUSTI 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 6,143,500 578,000 TOTAL EQUITY 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 Answer Answer

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