Question
Following data pertains to Local Community Bank. Balance Sheet: Cash 104.11, Securities 602.72, Net loans 1170.686, Net premises 308.988; Deposits 1105.348, Non-deposit borrowings 790.303, Common
Following data pertains to Local Community Bank.
Balance Sheet:
Cash 104.11, Securities 602.72, Net loans 1170.686, Net premises 308.988; Deposits 1105.348, Non-deposit borrowings 790.303, Common stock 11.102, Surplus 123.295, Undivided profits (i.e., retained earnings) 156.456; Income Statement: Interest Income 404.807, Interest expense 201.192, Noninterest income 49.466, Noninterest expense 104.174, Provision for loan losses 58.729, Securities gains (losses if negative) 11.123, Taxes 49.434.
What is Castle State Bank's ROE?
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To calculate Castle State Banks Return on Equity ROE we need to first calculate the Net Income and t...
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
