Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please provide balance sheet and income statement in chart form. Construct a balance sheet and Income statement for Davie National Bank with the following information.
Please provide balance sheet and income statement in chart form.
Construct a balance sheet and Income statement for Davie National Bank with the following information.
- Investment Securities $23000
- Demand Deposits $19000
- Now accounts $89000
- Cash and due from banks $9000
- Taxes $3000
- Interest on fees and loans $9000
- Retail CDs $28000
- Long term debt $19000
- Reverse Repos $42000
- Interest on investment securities $4000
- Interest on long term debt $2000
- Loans $90000
- Fixed Assets $15000
- Interest on reverse repos $6000
- Interest on deposits $9000
- Other assets $4000
- Paid in capital $4000
- Retained earnings $12000
- Common stock $12000
- Interest on deposits in other banks $1000
- Provision for loan losses $2000
- Other income $2000
- Other expenses $1000
Calculate the following ratios: Show Formulas please
- Net Interest Margin
- Profit Margin
- ROE
- ROA
- Spread Ratio
- Asset Utilization Ratio
- Equity Multiplier
- Provision for loan loss ratio
- Burden Ratio
- Tax Ratio
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