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Income Statement MHM Bank Interest income $4,048 Interest expense 2,024 Provision for loan 100 losses Noninterest 700 income Noninterest 975 expense Taxes 235 6.
Income Statement MHM Bank Interest income $4,048 Interest expense 2,024 Provision for loan 100 losses Noninterest 700 income Noninterest 975 expense Taxes 235 6. The financial statements for MHM Bank (MHM) are shown below: (LG 12-5) a. Calculate the dollar value of MHM's earning assets. b. Calculate the dollar value of MHM's interest- bearing liabilities. c. Calculate MHM's spread. d. Calculate MHM's interest expense ratio. Balance Sheet MHM Bank Assets Liabilities and Equity Cash and due $1,920 from banks Demand deposits 1,100 at other Fls Investments 6,080 Federal funds 2,990 sold Loans (less 20,040 reserve for loan losses of 2,400) Premises 2,270 Total assets $34,400 Demand deposits $10,620 Small time 10,350 deposits Jumbo CDs 7,670 Federal funds 470 purchased Other liabilities 2,000 Equity 3,290 Total liabilities/equity $34,400
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