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Megalopolis Bank has the following balance sheet and income statement. Balance Sheet (in millions) Assets Liabilities and Equity Cash and due from banks $ 10,700
Megalopolis Bank has the following balance sheet and income statement.
Balance Sheet (in millions) | ||||||||
Assets | Liabilities and Equity | |||||||
Cash and due from banks | $ | 10,700 | Demand deposits | $ | 36,000 | |||
Investment securities | 40,000 | NOW accounts | 106,000 | |||||
Repurchase agreements | 59,000 | Retail CDs | 45,000 | |||||
Loans | 107,000 | Debentures | 36,000 | |||||
Fixed assets | 32,000 | Total liabilities | $ | 223,000 | ||||
Other assets | 5,700 | Common stock | 12,000 | |||||
Paid-in capital | 4,000 | |||||||
Retained earnings | 15,400 | |||||||
Total assets | $ | 254,400 | Total liabilities and equity | $ | 254,400 | |||
Income Statement | |||
Interest on fees and loans | $ | 10,700 | |
Interest on investment securities | 5,700 | ||
Interest on repurchase agreements | 7,700 | ||
Interest on deposits in banks | 2,700 | ||
Total interest income | $ | 26,800 | |
Interest on deposits | $ | 10,700 | |
Interest on debentures | 3,700 | ||
Total interest expense | $ | 14,400 | |
Net interest income | $ | 12,400 | |
Provision for loan losses | 3,400 | ||
Noninterest income | 3,700 | ||
Noninterest expenses | 2,700 | ||
Income before taxes | $ | 10,000 | |
Taxes | 4,000 | ||
Net income | $ | 6,000 | |
For Megalopolis, calculate (Round your answers to 2 decimal places. (e.g., 32.16)):
Megalopolis Bank has the following balance sheet and income statement.
Balance Sheet (in millions) | ||||||||
Assets | Liabilities and Equity | |||||||
Cash and due from banks | $ | 10,700 | Demand deposits | $ | 36,000 | |||
Investment securities | 40,000 | NOW accounts | 106,000 | |||||
Repurchase agreements | 59,000 | Retail CDs | 45,000 | |||||
Loans | 107,000 | Debentures | 36,000 | |||||
Fixed assets | 32,000 | Total liabilities | $ | 223,000 | ||||
Other assets | 5,700 | Common stock | 12,000 | |||||
Paid-in capital | 4,000 | |||||||
Retained earnings | 15,400 | |||||||
Total assets | $ | 254,400 | Total liabilities and equity | $ | 254,400 | |||
Income Statement | |||
Interest on fees and loans | $ | 10,700 | |
Interest on investment securities | 5,700 | ||
Interest on repurchase agreements | 7,700 | ||
Interest on deposits in banks | 2,700 | ||
Total interest income | $ | 26,800 | |
Interest on deposits | $ | 10,700 | |
Interest on debentures | 3,700 | ||
Total interest expense | $ | 14,400 | |
Net interest income | $ | 12,400 | |
Provision for loan losses | 3,400 | ||
Noninterest income | 3,700 | ||
Noninterest expenses | 2,700 | ||
Income before taxes | $ | 10,000 | |
Taxes | 4,000 | ||
Net income | $ | 6,000 | |
For Megalopolis, calculate (Round your answers to 2 decimal places. (e.g., 32.16)):
Megalopolis Bank has the following balance sheet and income statement.
Balance Sheet (in millions) | ||||||||
Assets | Liabilities and Equity | |||||||
Cash and due from banks | $ | 10,700 | Demand deposits | $ | 36,000 | |||
Investment securities | 40,000 | NOW accounts | 106,000 | |||||
Repurchase agreements | 59,000 | Retail CDs | 45,000 | |||||
Loans | 107,000 | Debentures | 36,000 | |||||
Fixed assets | 32,000 | Total liabilities | $ | 223,000 | ||||
Other assets | 5,700 | Common stock | 12,000 | |||||
Paid-in capital | 4,000 | |||||||
Retained earnings | 15,400 | |||||||
Total assets | $ | 254,400 | Total liabilities and equity | $ | 254,400 | |||
Income Statement | |||
Interest on fees and loans | $ | 10,700 | |
Interest on investment securities | 5,700 | ||
Interest on repurchase agreements | 7,700 | ||
Interest on deposits in banks | 2,700 | ||
Total interest income | $ | 26,800 | |
Interest on deposits | $ | 10,700 | |
Interest on debentures | 3,700 | ||
Total interest expense | $ | 14,400 | |
Net interest income | $ | 12,400 | |
Provision for loan losses | 3,400 | ||
Noninterest income | 3,700 | ||
Noninterest expenses | 2,700 | ||
Income before taxes | $ | 10,000 | |
Taxes | 4,000 | ||
Net income | $ | 6,000 | |
For Megalopolis, calculate (Round your answers to 2 decimal places. (e.g., 32.16)):
a. % b. % C. % d. X e. Return on equity Return on assets Asset utilization Equity multiplier Profit margin Interest expense ratio Provision for loan loss ratio Noninterest expense ratio Tax ratio % f. % g. % h. % i. %Step by Step Solution
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