Question
Use the following information about Browning Bank to compute items 1-5: Total assets = $25,000,000 Equity capital = $2,100,000 Loan interest income = $1,450,000 Non-interest
Use the following information about Browning Bank to compute items 1-5:
Total assets = $25,000,000 Equity capital = $2,100,000
Loan interest income = $1,450,000 Non-interest expenses = $930,000
Total interest expense = $325,000 Investment security interest income = $180,000
Non-interest income = $660,000 Total loans and leases = $14,000,000
Income tax rate = flat 40% of income before tax.
1. Browning Banks net interest income?
2. Browning Banks net non-interest income?
3. Browning Banks Income before tax?
4. Brownings net income?
5. Brownings debt/asset ratio? (hint: debt = assets equity)
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