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Following data pertains to New Mexico Bank: BALANCE SHEET (LEFT) AND INCOME STATEMENT (RIGHT) Cash $100 Securities Investments $600 Net Loans $1,200 Net Premises and
Following data pertains to New Mexico Bank: BALANCE SHEET (LEFT) AND INCOME STATEMENT (RIGHT) Cash $100 Securities Investments $600 Net Loans $1,200 Net Premises and Equip. $300 Total Assets Deposits Non-Deposit Borrowings Equity Capital Total Liabilities and Equity $2,200 $800 $365 Interest Income Interest Expense Non-Interest Income Non-Interest Expense Provision for Loan Losses Pre Tax Net Operating Income Taxes $400 ($150) $50 ($100) ($60) Securities Gains (Losses) $34 ($33) Net Income $140 What is the Bank's ROE? Round to the nearest two decimals if needed. Type your answer as a percentage (integer) and not as decimal (i.e. 5.42 and not 0.0542). Do not type the % symbol. This is an algorithmic question about a fictitious bank. Hence, the answer may be not be plausible for a real bank.
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