Balance Sheet First National Bank Assets Cash $ 450 Income Statement First National Bank Demand deposits from other FIS 1,350 Investments 4,050 Interest income $ 2,600 Federal funds sold 2,025 Interest expense 1,650 Loans 15,525 Provision for loan losses Reserve for loan losses (1,125) Noninterest income Premises 1,685 Noninterest expense Taxes Total assets $23,960 Liabilities and Equity Demand deposits $ 5,510 Small time deposits 10.800 Jumbo CDs 3,200 Federal funds purchased 2,250 Equity 2,200 Total liabilities/equity $23,960 Calculate Earnings Assets, ROA, Asset Utilization and Spread