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
What is the value of this firms allowance for loan losses ( show work)?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
