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Following data pertains to Castle State Bank. Balance Sheet Cash Securities Investments Net Loans Net Premises and Equip. Total Assets Deposits Non-Deposit Borrowings * Equity
Following data pertains to Castle State Bank. Balance Sheet Cash Securities Investments Net Loans Net Premises and Equip. Total Assets Deposits Non-Deposit Borrowings * Equity Capital Total Liabilities and Equity * All Purchased Funds Income Statement $100 Interest Income $600 Interest Expenses $1,200 Non-Interest Income $300 Non-Interest Expenses $2,200 Provision for Loan Losses $1,100 Pre Tax Net Operating Income $800 Securities Gains (Losses) $300 Taxes $2,200 Net Income $400 ($150) $50 ($100) ($60) $140 ($40) ($45) $55 What is the bank's equity multiplier? 2.5 times 18.33 times O 0 O 7.33 times 20.45 times 12.22 times
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