Question
You know the following information about the Webb State Bank Accumulated Depreciation $40 Net Loans $600 Fed Funds Purchased and Repurchase Agreements $200 Cash and
You know the following information about the Webb State Bank
Accumulated Depreciation $40
Net Loans $600
Fed Funds Purchased and Repurchase Agreements $200
Cash and Due from Banks $50
Trading Account Securities $40
Miscellaneous Assets $100
Deposits $500
Undivided Profits $140
Gross Premises $90
Surplus $40
Subordinated Debt $100
Investment Securities $160
Common Stock Par $20
Gross Loans $700
Q. Given this information, what is this firms Allowance for Loan Losses?
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
