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Question 9 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 102.391, Securities 611.313, Net loans 1228.11, Net premises 298.799;
Question 9 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 102.391, Securities 611.313, Net loans 1228.11, Net premises 298.799; Deposits 1102.961, Non-deposit borrowings 784.699, Common stock $11.036, Surplus $121.534; Income Statement: Interest Income 401.586, Interest expense 217.652, Noninterest income 51.221, Noninterest expense 103.727, Provision for loan losses 57.506, Securities gains (losses if negative) 12.857, Taxes 44.686. What is Castle State Bank's net profit margin? Decimalize your answer, round to four decimals. E.g., if your answer is 6.445%, record it as 0.0645. Note: Undivided profits is the only item missing above; it is the item that would balance the balance sheet
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