Question
From the supplemental financial statement information below, calculate the net interest margin ratio. The financial statements below are to be used for the problems dealing
From the supplemental financial statement information below, calculate the net interest margin ratio.
The financial statements below are to be used for the problems dealing with the bank financial ratios.
BALANCE SHEET
ASSETS
Cash $760,000,000
Securities 1,800,000,000
Net Loans 5,200,000,000
Other 975,000,000
Total assets $8,735,000,000
LIABILITIES and EQUITY
Deposits $6,875,000,000
Other borrowing 997,000,000
Equity 863,000,000
Total liabilities & Equity $8,735,000,000
INCOME STATEMENT
Interest income on loans $375,000,000
Interest income on securities 95,000,000
Non-interest income 65,000,000
Total Operating income $535,000,000
Interest expense 215,000,000
Non-interest expense 112,000,000
Provision for loan loss 19,000,000
Income Taxes 75,000,000
Net income $114,000,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Personal Finance For Dummies
Authors: Eric Tyson
9th Edition
1119517893, 978-1119517894
