Question

Arrange the following items into an income statement. Label each item, place it in the appropriate category, and determine the bank’s bottom- line net income.
a. Interest paid on time deposits under $ 100,000: $ 78,002
b. Interest paid on jumbo CDs: $ 101,000
c. Interest received on U. S. Treasury and agency securities: $ 44,500
d. Fees received on mortgage originations: $ 23,000
e. Dividends paid to stockholders of $ 0.50 per share for 5,000 shares
f. Provisions for loan losses: $ 18,000
g. Interest and fees on loans: $ 189,700
h. Interest paid on interest checking accounts: $ 33,500
i. Interest received on municipal bonds: $ 60,000
j. Employee salaries and benefits: $ 145,000
k. Purchase of a new computer system: $ 50,000
l. Service charge receipts from customer accounts: $ 41,000
m. Occupancy expense for bank building: $ 22,000
n. Taxes of 34 percent of taxable income are paid
o. Trust department income equals: $ 15,000


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  • CreatedNovember 03, 2015
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