Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 4 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 102.27, Securities 589.021, Net loans 1170.021, Net premises 292.613;
Question 4 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 102.27, Securities 589.021, Net loans 1170.021, Net premises 292.613; Deposits 1107.29, Non-deposit borrowings 800.17, Common stock $10.304, Surplus $120.496; Income Statement: Interest Income 397.365, Interest expense 209.479, Noninterest income 48.716, Noninterest expense 96.752, Provision for loan losses 61.691, Securities gains (losses if negative) -0.235, Taxes 48.856. What is Castle State Bank's net interest margin? Decimalize your answer, round to four decimals. E.g., if your answer is 10.445%, record it as 0.1045. Note: Undivided profits is the only item missing above; it is the item that would balance the balance sheet
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