Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

quick please ce US aSSSTIL Question 17 The following statistics are presented for 2020, 2019, and 2018 for Gulf Bank. (Amounts are in thousands) Average

image text in transcribed

quick please

ce US aSSSTIL Question 17 The following statistics are presented for 2020, 2019, and 2018 for Gulf Bank. (Amounts are in thousands) Average earning assets Provision for loan losses Average total assets Average total deposits Average total equity Average net loans Pretax income before securities transactio ns Net charge-offs Interest expense Interest income 2020 $170,000 8,500 250,000 198,000 21,000 96,000 23,000 2019 $160,000 8,200 225,000 188,000 17,000 90,000 20,000 2018 $150,000 8,000 210,000 180,000 15,000 85,000 18,000 10,000 24,000 56,000 8,000 20,000 48,000 7,000 16,000 40,000 Required: Calculate the following and comments on the trends of the ratios: 1 - the loan loss coverage ratio for 2020, 2019, and 2018. 2 - the deposits times capital for 2020, 2019, and 2018. 3- the loans to deposits for 2020, 2019, and 2018. 4 - the interest margin to average earning assets for 2020, 2019, and 2018. Note: Show your calculations clearly

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Trust And Governance Developing Regulation In Europe

Authors: Reiner Quick, Stuart Turley, Marleen Willekens

1st Edition

0415448905, 9780415448901

More Books

Students also viewed these Accounting questions

Question

1. Which position would you take?

Answered: 1 week ago