Question
You are given selected information about a bank. Write a short memo or report that: 1) Creates a balance sheet and an income statement for
You are given selected information about a bank. Write a short memo or report that:
1) Creates a balance sheet and an income statement for the bank that puts the items in their proper order and category.
2) Find the ROAA and ROAE for the bank
Submit as a word document.
Information:
Bank Premises & Fixed Assets $50m
Interest Income from Leases $5m
Investments $30m
Interest Payment on Deposits $30m
Interest-Bearing Deposits $700m
Equity Capital $120m
Cost of Premises and Equipment $12
Non-Interest-Bearing Deposits $100m
Borrowed Funds $20m
Salaries and Employee Benefits $10m
Cash Assets $60m
Interest Income from Loans $60m
Loans $800m
Non-Interest Income $5m
Interest Payment on Borrowed Money $2m
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