Following is a monthly report for a new branch office that the Finest National Bank recently opened in a rapidly developing section of the city.

The branch manager is pleased that the report shows a $ 1,461 profit instead of the expected loss of $375.
Required:
What questions can be raised about the performance of the Eastside Branch and its manager based on information in the report?

Transcribed Image Text:

FINEST NATIONAL BANK Eastside Branch Office Report October 1 Planne Actual 180 84 80,000 Difference Number of new accounts opened Number of prospect calls made Increase in deposit volume Increase in loan volune 225 113 $100,000 80,000 (45) (29) $(20,000) $90,000 10,000 Expenses s 2,200 30 Wages and salaries Utilities Rent on building Supplies Advertising Other expenses S 15,000 1,450 3,675 225 450 75 $12,800 1.420 3,675 230 338 76 20,875 18,539 20,000 5 (75) 1461 112 Total expenses Revenue from interest and service charges Profit (loss) 2,336 (500) $ 1,836 20,500 Cunfavorablc,