1. The following data comes from the Sunny Bank balance sheet, please calculate the following:

a) net loans

b) undivided profits

c) total deposits

d) Which item could possibly be missing on the asset side of the balance sheet? Can you estimate how much it should be?

Please write out steps of your calculation.

Trading-account securities	$2
Allowance for loan losses		15
Other real estate owned	4
Goodwill and other intangibles	5
Total liabilities	380
Preferred stock	3
Nondeposit borrowings	40
Federal funds & reverse purchase agreements		20
Investment securities	36
Gross loans		305
Common stock		5
Surplus		15
Total equity capital		30
Cash and due from banks		10
Miscellaneous assets		25
Federal funds purchased & repurchase agreements		80
Unearned income		10

The rest of the data are from the Sunny banks Income Statement, please write out steps below of calculating the following items:

e) net interest income,

f) pretax net operating income,

g) dividends paid to common stockholders.

Provision for loan and lease losses	$5	Total interest income	$150
Income taxes	$4	Total interest expenses	$100
Decreases in banks undivided profits	$4	Total noninterest income	$75
Total noninterest expenses	$80	Income taxes	$4
Provision for loan and lease losses	$5	Decreases in banks undivided profits	$4