1. Please take a look at the balance sheets of Bank of America and Central Bank...
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1. Please take a look at the balance sheets of Bank of America and Central Bank of Boone County: a. What's the percentage of loans out of total assets for Bank of America and Central Bank? What explains such a significant difference? b. What's the percentage of total deposits out of total liabilities (including capital) for Bank of America and Central Bank? Again, why do you think there is a significant difference? c. What is the size (measured as total assets) of Bank of America vs Central Bank? Balance Sheet Overview Table 5 Selected Balance Sheet Data (Dollars in millions) Assets Cash and cash equivalents Federal funds sold and securities borrowed or purchased under agreements to resell Trading account assets Debt securities Loans and leases Allowance for loan and lease losses All other assets Total assets Liabilities Deposits Federal funds purchased and securities loaned or sold under agreements to repurchase Trading account liabilities Short-term borrowings Long-term debt All other liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity $ December 31 2020 2019 $ 161,560 380,463 304,058 274,597 229,826 198,854 684,850 472,197 927,861 983,426 (18,802) 342,343 (9,416) 321,889 $ 2,819,627 $ 2,434,079 $ 1,795,480 $ 1,434,803 170,323 71,320 165,109 83,270 24,204 19,321 262,934 240,856 227,325 221,027 2,169,269 264,810 2,546,703 272,924 $ 2,819,627 $2,434,079 % Change 135 % 5w‡w.§Êw¦ 5.§¸®¤ Assets Cash & Due From Banks Investment Securities Money Market Obligations Loans Less Unearned Income Allowance for Loan Loss Net Loans Other Assets Total Assets Liabilities and Stockholders' Equity Non-Interest Bearing Demand Deposits Savings, NOW, and Money Market Deposits Time Deposits Total Deposits Federal Funds Purchased & Repurchase Agreements Borrowed Funds Other Liabilities 2020 $ 190,398,000 4,567,481,000 1,246,672,000 10,067,989,000 (140,457,000) 9,927,532,000 789,383,000 $16,721,466,000 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity $4,607,624,000 2019 2018 2017 2016 168,642,000 167,414,000 178,101,000 189,278,000 3,363,369,000 2,949,581,000 3,386,506,000 3,197,151,000 868,795,000 813,716,000 649,626,000 721,983,000 8,670,796,000 8,263,526,000 7,977,585,000 7,593,567,000 (132,228,000) (129,565,000) (126,816,000) (126,391,000) 8,538,568,000 8,133,961,000 7,850,769,000 7,467,176,000 695,973,000 629,118,000 647,671,000 669,523,000 13,635,347,000 12,693,790,000 12,712,673,000 12,245,111,000 1,301,060,000 5,000,000 251,335,000 3,368,629,000 6,732,864,000 5,438,204,000 5,109,279,000 4,946,129,000 4,574,425,000 1,569,535,000 1,514,351,000 1,418,183,000 1,546,619,000 1,573,276,000 12,910,023,000 10,321,184,000 9,660,186,000 9,668,236,000 9,189,177,000 3,132,724,000 3,175,488,000 3,041,476,000 1,016,169,000 2,296,000 217,341,000 976,546,000 14,000 196,097,000 1,129,666,000 0 193,746,000 1,240,600,000 1,175,000 183,422,000 14,467,418,000 11,556,990,000 10,832,843,000 2,254,048,000 2,078,357,000 1,860,947,000 $16,721,466,000 13,635,347,000 12,693,790,000 12,712,673,000 12,245,111,000 10,991,648,000 10,614,374,000 1,721,025,000 1,630,737,000 1. Please take a look at the balance sheets of Bank of America and Central Bank of Boone County: a. What's the percentage of loans out of total assets for Bank of America and Central Bank? What explains such a significant difference? b. What's the percentage of total deposits out of total liabilities (including capital) for Bank of America and Central Bank? Again, why do you think there is a significant difference? c. What is the size (measured as total assets) of Bank of America vs Central Bank? Balance Sheet Overview Table 5 Selected Balance Sheet Data (Dollars in millions) Assets Cash and cash equivalents Federal funds sold and securities borrowed or purchased under agreements to resell Trading account assets Debt securities Loans and leases Allowance for loan and lease losses All other assets Total assets Liabilities Deposits Federal funds purchased and securities loaned or sold under agreements to repurchase Trading account liabilities Short-term borrowings Long-term debt All other liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity $ December 31 2020 2019 $ 161,560 380,463 304,058 274,597 229,826 198,854 684,850 472,197 927,861 983,426 (18,802) 342,343 (9,416) 321,889 $ 2,819,627 $ 2,434,079 $ 1,795,480 $ 1,434,803 170,323 71,320 165,109 83,270 24,204 19,321 262,934 240,856 227,325 221,027 2,169,269 264,810 2,546,703 272,924 $ 2,819,627 $2,434,079 % Change 135 % 5w‡w.§Êw¦ 5.§¸®¤ Assets Cash & Due From Banks Investment Securities Money Market Obligations Loans Less Unearned Income Allowance for Loan Loss Net Loans Other Assets Total Assets Liabilities and Stockholders' Equity Non-Interest Bearing Demand Deposits Savings, NOW, and Money Market Deposits Time Deposits Total Deposits Federal Funds Purchased & Repurchase Agreements Borrowed Funds Other Liabilities 2020 $ 190,398,000 4,567,481,000 1,246,672,000 10,067,989,000 (140,457,000) 9,927,532,000 789,383,000 $16,721,466,000 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity $4,607,624,000 2019 2018 2017 2016 168,642,000 167,414,000 178,101,000 189,278,000 3,363,369,000 2,949,581,000 3,386,506,000 3,197,151,000 868,795,000 813,716,000 649,626,000 721,983,000 8,670,796,000 8,263,526,000 7,977,585,000 7,593,567,000 (132,228,000) (129,565,000) (126,816,000) (126,391,000) 8,538,568,000 8,133,961,000 7,850,769,000 7,467,176,000 695,973,000 629,118,000 647,671,000 669,523,000 13,635,347,000 12,693,790,000 12,712,673,000 12,245,111,000 1,301,060,000 5,000,000 251,335,000 3,368,629,000 6,732,864,000 5,438,204,000 5,109,279,000 4,946,129,000 4,574,425,000 1,569,535,000 1,514,351,000 1,418,183,000 1,546,619,000 1,573,276,000 12,910,023,000 10,321,184,000 9,660,186,000 9,668,236,000 9,189,177,000 3,132,724,000 3,175,488,000 3,041,476,000 1,016,169,000 2,296,000 217,341,000 976,546,000 14,000 196,097,000 1,129,666,000 0 193,746,000 1,240,600,000 1,175,000 183,422,000 14,467,418,000 11,556,990,000 10,832,843,000 2,254,048,000 2,078,357,000 1,860,947,000 $16,721,466,000 13,635,347,000 12,693,790,000 12,712,673,000 12,245,111,000 10,991,648,000 10,614,374,000 1,721,025,000 1,630,737,000
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Answer 1 a The Percentage of loans out of assets for Bank of America and Central Bank Bank of Americ... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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