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The financial statements for First National Bank (FNB) are shown below: Balance Sheet First National Bank Assets Cash: $480 demand deposits from other FIs:1,500 Investments:
The financial statements for First National Bank (FNB) are shown below: Balance Sheet First National Bank Assets Cash: $480 demand deposits from other FIs:1,500 Investments: 4,200 Federal funds sold: 2,115 loans: 15,825 reserve for loan losses: (1,425) premises: 1,835 Total assets: 24,530 Liabilities ans Equity Demand deposits: $5,330 small time deposits: 11,100 Jumbo CDs: 3,350 Federal Funds purchased: 2,400 equity: 2,350 Income statement First National Bank Interest income: $2,750 interest expense: 1,760 provision for loan losses: 210 noninterest income: 170 noninterest expense: 450 taxes: 70 a.Calculate the dollar value of FNB's earning assets. b.Calculate the FNB's ROA. (Round your answer to 2 decimal places. e.g., 32.16)) c.Calculate FNB's asset utilization ratio. (Round your answer to 2 decimal places) d.Calculate FNB's spread. (Round your answer to 2 decimal places) a.FNB's earning assets __________ b.FNB's ROA _________ % c.FNB's asset utilization ratio ________ % d.FNB's spread _________ %
Balance Sheet First National Bank
Assets
Cash: $480
demand deposits from other FIs:1,500
Investments: 4,200
Federal funds sold: 2,115
loans: 15,825
reserve for loan losses: (1,425)
premises: 1,835
Total assets: 24,530
Liabilities ans Equity
Demand deposits: $5,330
small time deposits: 11,100
Jumbo CDs: 3,350
Federal Funds purchased: 2,400
equity: 2,350
Income statement First National Bank
Interest income: $2,750
interest expense: 1,760
provision for loan losses: 210
noninterest income: 170
noninterest expense: 450
taxes: 70
a.Calculate the dollar value of FNB's earning assets.
b.Calculate the FNB's ROA. (Round your answer to 2 decimal places. e.g., 32.16))
c.Calculate FNB's asset utilization ratio. (Round your answer to 2 decimal places)
d.Calculate FNB's spread. (Round your answer to 2 decimal places)
a.FNB's earning assets __________
b.FNB's ROA _________ %
c.FNB's asset utilization ratio ________ %
d.FNB's spread _________ %
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