Problem #1 (Commercial Banking) The financial statements for First National Bank are shown below: Balance Sheet First National Bank Assets Liabilities and Equity Cash $ 450 Demand deposits $ 5,510 Demand deposits Small time from other FIS 1,350 deposits 10,800 Investments 4,050 Jumbo CDs 3,200 Federal funds Federal funds sold 2,025 purchased 2,250 Loans 15,525 Equity 2,200 Reserve for loan losses (1.125) Premises 1,685 Total Total assets $23,960 liabilities/equity $23,960 Income Statement First National Bank Interest income Interest expense Provision for loan losses Noninterest income Noninterest expense Taxes $2,600 1,650 180 140 (a) Calculate the dollar value of FNB's earning assets. (b) Calculate FNB's ROA. (c) Calculate FNB's asset utilization ratio. (d) Calculate FNB's spread