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This is the formula given for solving the Rate Of Return Earned From Securities: Sum of Interest Income From Securities Total Securities How do I
This is the formula given for solving the Rate Of Return Earned From Securities: Sum of Interest Income From Securities Total Securities
How do I solve and wouldn't the Sum also be the Total?
Balance Sheet | |||
2018 | 2017 | ||
ASSETS | |||
Loans | $ 14,050,453 | $ 13,865,815 | |
Securities | $ 4,215,761 | $ 3,641,093 | |
Overnight Loans | $ 558,454 | $ 951,252 | |
TOTAL INTEREST EARNING ASSETS | $ 18,824,668 | $ 18,458,160 | |
Cash | $ 486,812 | $ 535,687 | |
Capital Equipment | $ 846,989 | $ 844,843 | |
Other | $ 1,218,470 | $ 1,192,051 | |
TOTAL NON-INTEREST EARNING ASSETS | $ 2,552,271 | $ 2,572,581 | |
TOTAL ASSETS | $ 21,376,939 | $ 21,030,741 |
Securities
Within 1 Year | Average Balance | Average Balance | |
U.S. Treasury | $ 811,835 | $ 1,236,336 | |
Government Agency | $ 2,176,143 | $ 1,369,569 | |
Residential Mortgage Backed Sec. | $ 373 | $ 3 | |
State, County & Municipal Bonds | $ 244 | $ 757 | |
Equity Securities | $ 15,313 | $ 17,231 | |
Corporate | $ 252,820 | $ 163,170 | |
TOTAL SHORT TERM SECURITIES | $ 3,256,728 | $ 2,787,066 | |
Longer than 1 year | Average Balance | Average Balance | |
U.S. Treasury | $ 75,984 | $ 502,954 | |
Agency | $ 416,066 | $ 50,417 | |
Residential MBS | $ 306,848 | $ 143,542 | |
State, County | $ 797 | $ 499 | |
Corporate | $ 159,338 | $ 156,615 | |
TOTAL LONG TERM SECURITIES | $ 959,033 | $ 854,027 | |
TOTAL SECURITIES | $ 4,215,761 | $ 3,641,093 |
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