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Homestead State Bank has the following financial information. Balance Sheet Cash Securities Investments Net Loans Net Premises and Equip. Total Assets Deposits Non-Deposit Borrowings Equity

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Homestead State Bank has the following financial information. 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 $50 Interest Income $600 Interest Expenses $1200 Non-Interest Income $250 Non-Interest Expenses $2100 Provision for Loan Losses $970 Pre Tax Net Operating Income $800 Securities Gains (Losses) $330 Taxes $2100 Net Income $420 ($150) $50 ($110) ($60) $160 ($40) ($45) $65 Use this information to calculate Homestead State Bank's equity multiplier 6.36 times 6.72 times 7.33 times 6.62 times Homestead State Bank has the following financial information. 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 $1200 Non-Interest Income $300 Non-Interest Expenses $2200 Provision for Loan Losses $1100 Pre Tax Net Operating Income $800 Securities Gains (Losses) $300 Taxes $2200 Net Income $400 ($150) $50 ($100) ($60) $140 ($40) ($45) $55 Use this information to calculate Homestead State Bank's equity multiplier 6.62 times 6.36 times 6.72 times 7.33 times

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