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Balance Sheet (in $million) - Omega Bank Assets Liabilities and Equity Cash 450 Demand deposits 6,635 Receivables from other FIs 1,350 Small time deposits 10,800
Balance Sheet (in $million) - Omega Bank Assets Liabilities and Equity Cash 450 Demand deposits 6,635 Receivables from other FIs 1,350 Small time deposits 10,800 Investments 4,050 Jumbo CDs 3,200 Federal funds sold 2,025 Federal funds purchased 2,250 Loans 15,525 Equity 2,200 Premises 1,685 Total assets 25,085 Total liabilities and equity 25,085 Income Statement (in $million) - Omega Bank Interest income 2,700 Interest expense (1,650) Provision for loan losses (180) Noninterest income 140 Noninterest expense (420) Taxes (90) Calculate the bank's Profit Margin. (NOTE: By default, the unit of the answer is %. The answer must be input with two 2 decimal places, i.e. if the answer is 12%, please input 12.00)
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