Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASSETS INCOME STATEMENT DATA CASH INTEREST INCOME 336,500 450,000 NON INTEREST INCOME 227,550 INTEREST EXPENSES 281,000 NON INTEREST EXPENSES 165,000 PROVISION FOR LOAN LOSSES FED

image text in transcribed

ASSETS INCOME STATEMENT DATA CASH INTEREST INCOME 336,500 450,000 NON INTEREST INCOME 227,550 INTEREST EXPENSES 281,000 NON INTEREST EXPENSES 165,000 PROVISION FOR LOAN LOSSES FED FUNDS 72,000 TREASURY SECURITIES 1,498,000 MUNICIPAL BONDS 248,000 CORPORATE BONDS 48,000 GROSS LOANS & LEASES 4,500,000 RESERVE FOR LOAN LOSSES 12,000 NET LOANS & LEASES 4,488,000 5,950 TAX RATE 19% 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 12,500 OTHER LIABILITIES TOTAL LIABILITIES 6,143,500 TOTAL EQUITY 578,000 TOTAL LIABILITIES & EQUITY 6,721,500 CALCULATE NET INCOME (AFTER TAX INCOME) DON'T USE COMMA SEPARATORS

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

Pivotal Decade How The United States Traded Factories For Finance In The Seventies

Authors: Judith Stein

1st Edition

0300171501, 978-0300171501

More Books

Students also viewed these Finance questions