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Question 10 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 97.365, Securities 616.917, Net loans 1190.086, Net premises 306.128;
Question 10 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 97.365, Securities 616.917, Net loans 1190.086, Net premises 306.128; Deposits 1104.064, Non-deposit borrowings 788.554, Common stock $10.534, Surplus $124.39; Income Statement: Interest Income 390.424, Interest expense 187.82, Noninterest income 48.494, Noninterest expense 98.056, Provision for loan losses 59.733, Securities gains (losses if negative) 4.887, Taxes 48.836. What is Castle State Bank's ROE? Decimalize your answers, round to four decimals. E.g., if your answer is 14.445%, record it as 0.1445. Note: Undivided profits is the only item missing above; it is the item that would balance the balance sheet
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