Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You know the following information about the Davis National Bank (in $ mln): Interest expense $519.6, Noninterest income $101.679, Securities gains (losses) $5.73, Income taxes

You know the following information about the Davis National Bank (in $ mln): Interest expense $519.6, Noninterest income $101.679, Securities gains (losses) $5.73, Income taxes $80.839, Dividends paid $41.612, Interest income $831.303, Noninterest expense (excluding PLL) $149.042, Provision for loan losses $23.477. Given this information, what is the banks total revenue, to the nearest $0.001 million? E.g. if your answer is $254.6755 million, record it as 254.676.

_____________________

You know the following information about the Davis National Bank (in $ mln): Interest expense $453.848, Noninterest income $105.135, Securities gains $4.438, Income taxes $53.391, Dividends paid $37.392, Interest income $831.379, Noninterest expense (excluding PLL) $148.897, Provision for loan losses $21.832, Extraordinary gains 3.565. Given this information, what is the increase in undivided profits, to the nearest $0.001 million? E.g. if your answer is $24.6755 million, record it as 24.676. _____________________

You know the following information about the Miller State Bank (in $ mln): Gross loans $275.294, Miscellaneous assets $45.343, Deposits $316.097, Common stock par $4.453, Non-deposit borrowings $59.391, Investment securities $144.712, Net premises $38.998, Surplus $4.846, Allowance for loan losses $8.67, Gross premises $66.972. Given this information, what is the value of net loans, to the nearest $0.001 million? E.g. if your answer is $254.6755 million, record it as 254.676. _____________________

You know the following information about the Webb State Bank (in $ mln): Accumulated depreciation $30, Net loans $635.88, Fed funds purchased and repurchase agreements $195.403, Cash and due from banks $46.945, Trading account securities $30, Miscellaneous assets $99.803, Deposits $493.397, Undivided profits $133.823, Gross premises $80, Surplus $30.306, Subordinated debt $94.525, Investment securities $156.318, Common stock par $18.237, Gross loans $652.327. Given this information, what is the bank's allowance for loan losses, to the nearest $0.001 million? E.g. if your answer is $24.6755 million, record it as 24.676. _____________________

You know the following information about the Miller State Bank (in $ mln): Gross loans $286.428, Deposits $404.44, Total equity $47.17, Common stock par $4.565, Non-deposit borrowings $62.173, Investment securities $149.314, Net premises $37.11, Surplus $12.463, Allowance for loan losses $10.918, Gross premises $70.998. Given this information, what is the banks undivided profits, to the nearest $0.001 million? E.g. if your answer is $25.6755 million, record it as 25.676. _____________________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting the basis for business decisions

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

17th edition

007802577X, 978-0078025778

More Books

Students also viewed these Accounting questions

Question

Why are stereotypes so resistant to change?

Answered: 1 week ago

Question

Be able to calculate cost of sales for a manufacturing business.

Answered: 1 week ago