Community Bank has the following balance sheet, rates earned on its assets, and rates paid on its
Question:
If the bank earns $ 159,000 in noninterest income, incurs $ 306,000 in noninterest expenses, and pays $ 3,320,000 in taxes, what is its netincome?
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Balance Sheet (in thousands) Rate Earned Assets Cash and due from banks Investment securities Repurchase agreements Loans less allowance for losses Fixed assets Other assets Total assets 7.900 0 29.600 15,960 106,400 13.500 5.320 $178.680 .50 I.15 7.25 0 Rate Paid Liabilities and Equity Demand deposits OW accounts Retail CDs Subordinated debentures Total liabilities Common stock Paid-in capital surplus Retained earnings Total liabilities and equity 27,490 0 90,700 23,940 15.000 157.130 5,000 5,000 11.550 $178,680 0.50 1.20 5.50
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Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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