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The financial statements for First National Bank (FNB) are shown below: $ 6, 10, Assets Cash Demand deposits from other FIS Investments Federal funds sold
The financial statements for First National Bank (FNB) are shown below: $ 6, 10, Assets Cash Demand deposits from other FIS Investments Federal funds sold Loans Reserve for loan losses Premises Balance Sheet First National Bank Liabilities and Equity $ 560 Demand deposits 1,900 Small time deposits 4,600 Jumbo CDs 2,355 Federal funds purchased 16,625 Equity (2,225) 2,235 $ 26,050 Total liabilities/equity 3, 2,1 2, Total assets $ 26, Income Statement First National Bank Interest income $ 3,150 Interest expense 2,080 Provision for loan losses 290 Noninterest income 250 Noninterest expense 530 Taxes 70 a. Calculate the dollar value of FNB's earning assets. b. Calculate FNB'S ROA. (Round your percentage answer to 2 decimal places. (e.g., 32.16)) c. Calculate FNB's asset utilization ratio. (Round your percentage answer to 2 decimal places. (e.g., 32.16)) d. Calculate FNB's spread. (Round your percentage answer to 2 decimal places. (e.g., 32.16)) Check my work financial statements for First National Bank (FNB) are shown below: Assets sh mand deposits from other FIS vestments deral funds sold ans serve for loan losses emises tal assets Balance Sheet First National Bank Liabilities and Equity $ 560 Demand deposits 1,900 Small time deposits 4,600 Jumbo CDs 2,355 Federal funds purchased 16,625 Equity (2,225) 2, 235 $ 26,050 Total liabilities/equity $ 6,650 10,100 3,750 2,800 2,750 $ 26,050 Income Statement First National Bank terest income $ 3, 150 terest expense 2,080 ovision for loan losses 290 ninterest income 250 ninterest expense 530 xes 70 alculate the dollar value of FNB's earning assets. alculate FNB's ROA. (Round your percentage answer to 2 decimal places. (e.g., 32.16)) alculate FNB's asset utilization ratio. (Round your percentage answer 2 decimal places. (e.g., 32.16)) alculate FNB's spread. (Round your percentage answer to 2 decimal places. (e.g., 32.16))
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