Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its
Question:
If the bank earns $ 120,000 in noninterest income, incurs $ 80,000 in noninterest expenses, and pays $ 2,500,000 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 agreement Loans less allowance for losses Fixed assets Other earning assets Total assets S 6,000 22,000 12,000 80.000 10,000 4,000 $134,000 0 6 10 Rate Paid Liabilities and Equity Demand deposits NOW accounts Retail CDs Subordinated debentures Total liabilities Common stock Paid-in capital surplus Retained earnings Total liabilities and equity $ 9,000 69,000 18,000 14,000 110,000 10,000 3,000 I 1,000 $134,000 0
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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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