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The financial statements for MHM Bank (MHM) are shown below: Balance Sheet MHM Bank Assets Liabilities and Equity Cash and due from banks $ 2,110
The financial statements for MHM Bank (MHM) are shown below: Balance Sheet MHM Bank Assets Liabilities and Equity Cash and due from banks $ 2,110 Demand deposits Demand deposits at other FIS 3,000 Small time deposits Investments 6,450 Jumbo CDs Federal funds sold 3,180 Federal funds purchased Loans (less reserve for loan losses of 4,300) 20, 420 Other liabilities Premises 2,460 Equity Total assets $37,620 Total liabilities/equity $10,810 10,540 7,860 660 4,270 3,480 $37,620 Income Statement MHM Bank Interest income Interest expense Provision for loan losses Noninterest income Noninterest expense Taxes $4,448 2,404 2,000 890 1,165 425 a. Calculate the dollar value of MHM's earning assets. b. Calculate the dollar value of MHM's interest-bearing liabilities. c. Calculate MHM's spread. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) d. Calculate MHM's interest expense ratio. (Round your answer to 3 decimal places. (e.g., 32.161)) a. MHM's earning assets b. MHM's interest-bearing liabilities C. MHM's spread d. MHM's interest expense ratio
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