Evaluate the performance of Community National Bank using the data in Exhibit 3.2, 3.4 and 3.6....

   
 
 

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Evaluate the performance of Community National Bank using the data in Exhibit 3.2, 3.4 and 3.6. Community National Bank (CNB) is a typical small independent bank located in the US state of North Carolina. CNB's main office is located in the metropolitan area of Charlotte and the bank has six branches and no nonbank subsidiaries. CNB services offers a personalised menu of financial services to individuals and businesses. This includes savings accounts, credit cards, individual retirement accounts, mortgage loans and personal loans through its personal banking service. For its business clients it offers services such as commercial loans, cash management services and payroll processing. At year-end 2013, CNB had $140 million in assets up 6.1% from 2012. Like most small community banks in the US, CNB has a large loan portfolio and fewer investments. The bank is very reliant on loans as it largest source of income with a much smaller contribution coming from fees based services. In fact in 2013, revenues from loon sources was $7.9 million whilst fee income was $717,000. Evaluate the performance of Community National Bank using the data in Exhibit 3.2, 3.4 and 3.6. a. Calculate the following ratios for the bank in 2013: i. ROE ii. ROA iii. Equity Multiplier iv. Asset Utilisation (AU) v. Expense Ratio (ER) vi. Tax Ratio vii. Net Interest Margin viii. Burden Ans: See attached excel spreadsheet for 2013 answers b. Conduct a profitability analysis for the bank in 2013: ix. Do the profitability ratios for 2013 compare favourably to 2012? x. How do they compare to the following peer group figures for 2013? RATIO ROE ROA EM AU ER xii. Liquidity Risk: xiii. Operational Risk: xiv. Capital Adequacy: Ans: See attached spreadsheet TAX NIM EFFICIENCY BURDEN c. Calculate the following risk ratios: xi. Credit Risk: Peer Banks 9.58% 1.01% 9.49X 5.06% 3.79% Ans: Aggregate profitability for CNB is substantially higher measured both by both ROE and ROA. Because CNB has less equity relative to assets, it has greater financial leverage. Thus, the greater financial leverage increases CNB's ROE relative to peer banks. CNB has assumed a riskier profile with its greater financial leverage in that fewer assets can default before the bank is insolvent. CNB's ROA is higher because it eams a higher average yield on assets (AU), pays about the same in operating expense (ER), and significantly less in taxes (TAX = AU - ER-ROA). 0.26% 3.72% 70.36% 2.31% Allowance (Provision) for Loan Loss/Gross Loans Core Deposits/ Avg. Total Assets Efficiency Ratio Capital Base to total assets EXHIBIT 3.2 (continued) Balance Sheet ASSETS Loans: Real estate loans Commercial loans Individual loans Agricultural loans Other LN&LS in domestic off. LN&LS in foreign off. Loans held for sale Loans not held for sale Memo: Total loans Loan & Lease loss Allowance Net Loans & Leases Investments: U.S. Treasury & Agency securities Municipal securities Foreign debt securities All other securities Interest bearing bank balances Fed funds sold & resales Trading account assets Total Investments Total Earning Assets Nonint Cash & Due from banks Premises, fixed assets & capital leases Other real estate owned Dir & Indir Inv RE Ventures Investment in unconsolidated subs. Acceptances and other assets Total Assets Average Assets During Quarter % Cha 39.7 -3.8 -18.0 -9.0 0.0 0.0 0.0 12.3 12.3 23.1 12.2 -48.5 209.9 0.0 0.0 -66.0 0.0 0.0 -24.0 10.4 26.3 10.1 -11.9 0.0 0.0 -10.7 9.9 9.2 Dec-12 $ 1,000 62,214 12,685 3,813 37,085 0 0 115,797 115,797 782 115,015 2,487 1,593 0 0 16 0 0 4,096 119,111 5,023 2,642 303 0 0 4,975 132,054 129,754 Community National Bank % of Total 47.1 9.6 2.9 28.1 0.0 0.0 0.0 87.7 87.7 0.6 87.1 1.9 1.2 0.0 0.0 0.0 0.0 0.0 3.1 90.2 3.8 2.0 0.2 0.0 0.0 3.8 100.0 98.3 % Cha 2.9 9.5 -12.7 2.7 0.0 0.0 0.0 3.0 3.0 -9.0 3.1 -85.4 130.2 0.0 0.0 29506 0.0 0.0 114.1 6.9 -0.3 0.3 -79.5 0.0 0.0 1.6 6.1 6.0 Dec-13 $ 1,000 64,034 13,887 3,329 38,070 0 0 119,320 119,320 712 118,608 364 3,667 4,737 0 0 8,768 127,376 5,010 2,650 62 0 0 5,054 140,152 137,545 % of Total 45.7 9.9 2.4 27.2 0.0 0.0 0.0 85.1 85.1 0.5 84.6 0.3 2.6 0.0 0.0 3.4 0.0 0.0 6.3 90.9 3.6 1.9 0.0 0.0 0.0 3.6 100.0 98.1 EXHIBIT 3.2 (continued) Balance Sheet LIABILITIES Demand deposits All NOW & ATS Accounts Money market deposit accounts Other savings deposits Time Deps Below Insurance Limit Less: Fully Insured Brokered Deposits Core Deposits Fully Insured Brokered Deposits Time Deposits Above Insurance Limit Deposits held in foreign offices Total deposits Fed funds purchased & resale FHLB borrowings <1 Yr Other borrowings inc mat <1 yr Memo: Volatile liabilities FHLB borrowings >1 Yr Other borrowings inc mat >1 yr Acceptances & other liabilities Total Liabilities before Sub. Notes Sub. Notes & Debentures Total Liabilities TOTAL BANK EQUITY CAPITAL Minority Interest Cons Subs Total Bank Capital & Minority Int. Total Liabilities & Capital Memoranda: Officer, Shareholder Loans (#) Officer, Shareholder Loans ($) Held-to-Maturity Securities Available-for-Sale-Securities Total Securities % Cha 6.1 21.3 37.9 7.7 4.1 -6.2 12.2 -6.2 55.5 0.0 12.8 0.0 0.0 0.0 55.5 -100.0 #N/A -7.8 10.1 0.0 10.1 7.8 0.0 7.8 9.9 100.0 170.2 0.0 -23.6 -23.6 Dec-12 45.3 $ 1,000 21,901 14,610 18,441 8,480 50,645 5,166 108,911 5,166 6,159 0 120,236 0 0 0 6,159 0 1,000 367 121,603 0 121,603 10,451 0 10,451 132,054 2 2,915 0 4,080 4,080 8,003 Community National Bank % Cha 16.6 11.1 14.0 6.4 38.4 3.9 82.5 3.9 4.7 0.0 91.1 0.0 0.0 0.0 4.7 0.0 0.8 0.3 92.1 0.0 92.1 7.9 0.0 7.9 100.0 0.0 2.2 0.0 3.1 3.1 $ 1,000 6.1 9.9 -7.6 14.3 6.1 3.5 63.7 2.5 63.7 17.4 0.0 5.9 0.0 0.0 0.0 17.4 #N/A -100.0 -5.2 5.8 0.0 5.8 10.1 0.0 10.1 6.1 0.0 -6.8 0.0 -1.2 -1.2 47.4 Dec-13 % Cha 24,069 13,501 21,071 9,001 52,421 8,455 111,608 8,455 7,231 0 127,294 0 0 0 7,231 1,000 0 348 128,642 0 128,642 11,510 0 11,510 140,152 2 2,718 0 4,031 4,031 $ 1,000 11,794 17.2 9.6 15.0 6.4 37.4 6.0 79.6 6.0 5.2 0.0 90.8 0.0 0.0 0.0 5.2 0.7 0.0 0.2 91.8 0.0 91.8 All Brokered Deposits Source: Timothy Koch and S. Scott MacDonald; from FFIEC, Uniform Bank Performance Report, https://cdr.ffiec.gov/public/Manage 8.2 0.0 8.2 100.0 0.0 1.9 0.0 2.9 2.9 8.4 EXHIBIT 3.4 (continued) Income Statement Interest Income: Interest and fees on loans Income from lease financing Memo: Fully taxable Tax-exempt Estimated tax benefit Income on Loans & Leases (TE) U.S. Treasury & Agency securities Mortgage Backed Securities Estimated tax benefit All other securities income Tax-Exempt Securities Income Investment Interest Income (TE) Interest on due from banks Interest on Fed funds sold & resales Trading account income Other interest income Total interest income (TE) Interest Expense: Int on Deposits held in foreign offices Interest on CD's over $100M Interest on All Other Deposits: Total interest exp. on deposits Interest on Fed funds purchased & resale Interest on Trad Liab & Oth Borrowings Interest on Sub. Notes & Debentures Total interest expense Net interest income (TE) % Cha 5.3 0.0 5.4 -14.3 -20.0 5.3 #N/A -75.4 -100.0 82.4 -66.7 -37.3 -60.0 -100.0 0.0 166.7 5.1 0.0 -7.6 -23.4 -18.5 300.0 -71.9 0.0 -24.0 12.7 Dec-12 $ 1,000 6,926 0 6,914 12 4 6,930 2 14 0 31 1 47 2 0 0 48 7,027 0 352 647 999 4 41 0 1,044 5,983 Community National Bank % of Total 87.0 0.0 86.8 0.2 0.1 87.0 0.0 0.2 0.0 0.4 0.0 0.6 0.0 0.0 0.0 0.6 88.2 0.0 4.4 8.1 12.5 0.1 0.5 0.0 13.1 75.1 % Cha 14.1 0.0 14.2 -25.0 -25.0 14.1 -100.0 -28.6 #N/A 116.1 200.0 66.0 200.0 0.0 0.0 -58.3 14.0 0.0 -2.6 -18.7 -13.0 -100.0 -48.8 0.0 -14.8 19.0 Dec-13 $ 1,000 7,905 0 7,896 9 3 7,908 0 10 1 67 w 3 78 6 0 0 20 8,012 0 343 526 869 0 21 0 890 7,122 % of Total 90.5 0.0 90.4 0.1 0.0 90.6 0.0 0.1 0.0 0.8 0.0 0.9 0.1 0.0 0.0 0.2 91.8 0.0 3.9 6.0 10.0 0.0 0.2 0.0 10.2 81.6 EXHIBIT 3.4 (continued) Income Statement Noninterest Income: Fiduciary Activities Deposit service charges Trading rev, venture cap., securitize inc. Investment banking, advisory inc. Insurance commissions & fees Net servicing fees LN&LS net gains (losses) Other net gains (losses) Other noninterest income Total noninterest income Adjusted Operating Income (TE) Non-Interest Expenses: Personnel expense Occupancy expense Goodwill impairment Other Intangible Amortization Other Oper Exp (Incl intangibles) Total Noninterest Expenses Provision: Loan & Lease Losses Pretax Operating Income (TE) Realized G/L HId-to-Maturity Sec. Realized G/L Avail-for-Sale Sec. Pretax Net Operating Income (TE) Applicable Income Taxes Current Tax Equivalent Adjustment Other Tax Equivalent Adjustments Applicable Income Taxes (TE) Net Operating Income Net Extraordinary Items Net Inc Noncontrolling Minority Interests Net Income Cash Dividends Declared Retained Earnings % Cha 0.0 -13.5 0.0 0.0 #N/A 0.0 0.0 -53.1 -3.0 -5.8 9.7 18.8 1.4 0.0 0.0 5.5 12.0 -49.2 26.6 0.0 -105.8 20.8 0.0 -16.7 0.0 -16.7 21.0 0.0 0.0 21.0 72.6 -11.4 Dec-12 $ 1,000 0 660 0 0 3 6 0 (46) 318 941 6,924 2,901 567 0 0 1,763 5,231 254 1,439 0 (3) 1,436 0 5 0 5 1,431 0 0 1,431 787 644 Community National Bank % of Total 0.0 8.3 0.0 0.0 0.0 0.1 0.0 -0.6 4.0 11.8 86.9 36.4 7.1 0.0 0.0 22.1 65.7 3.2 18.1 0.0 0.0 18.0 0.0 0.1 0.0 0.1 18.0 0.0 0.0 18.0 9.9 8.1 0 % Cha 0.0 -19.1 0.0 0.0 -66.7 -16.7 0.0 132.6 -10.7 -23.8 13.2 11.9 29.1 0.0 0.0 -3.3 8.6 -58.7 42.7 0.0 -133.3 43.0 0.0 -20.0 0.0 -20.0 43.3 0.0 0.0 43.3 29.2 60.4 Dec-13 $ 1,000 0 534 0 0 1 5 0 (107) 284 717 7,839 3,245 732 0 0 1,704 5,681 105 2,053 0 1 2,054 0 4 0 4 2,050 0 0 2,050 1,017 1,033 % of Total 0.0 6.1 0.0 0.0 0.0 0.1 0.0 -1.2 3.3 8.2 89.8 37.2 8.4 0.0 0.0 19.5 65.1 1.2 23.5 0.0 0.0 23.5 0.0 0.0 0.0 0.0 23.5 0.0 0.0 23.5 11.6 11.8 Evaluate the performance of Community National Bank using the data in Exhibit 3.2, 3.4 and 3.6. Community National Bank (CNB) is a typical small independent bank located in the US state of North Carolina. CNB's main office is located in the metropolitan area of Charlotte and the bank has six branches and no nonbank subsidiaries. CNB services offers a personalised menu of financial services to individuals and businesses. This includes savings accounts, credit cards, individual retirement accounts, mortgage loans and personal loans through its personal banking service. For its business clients it offers services such as commercial loans, cash management services and payroll processing. At year-end 2013, CNB had $140 million in assets up 6.1% from 2012. Like most small community banks in the US, CNB has a large loan portfolio and fewer investments. The bank is very reliant on loans as it largest source of income with a much smaller contribution coming from fees based services. In fact in 2013, revenues from loon sources was $7.9 million whilst fee income was $717,000. Evaluate the performance of Community National Bank using the data in Exhibit 3.2, 3.4 and 3.6. a. Calculate the following ratios for the bank in 2013: i. ROE ii. ROA iii. Equity Multiplier iv. Asset Utilisation (AU) v. Expense Ratio (ER) vi. Tax Ratio vii. Net Interest Margin viii. Burden Ans: See attached excel spreadsheet for 2013 answers b. Conduct a profitability analysis for the bank in 2013: ix. Do the profitability ratios for 2013 compare favourably to 2012? x. How do they compare to the following peer group figures for 2013? RATIO ROE ROA EM AU ER xii. Liquidity Risk: xiii. Operational Risk: xiv. Capital Adequacy: Ans: See attached spreadsheet TAX NIM EFFICIENCY BURDEN c. Calculate the following risk ratios: xi. Credit Risk: Peer Banks 9.58% 1.01% 9.49X 5.06% 3.79% Ans: Aggregate profitability for CNB is substantially higher measured both by both ROE and ROA. Because CNB has less equity relative to assets, it has greater financial leverage. Thus, the greater financial leverage increases CNB's ROE relative to peer banks. CNB has assumed a riskier profile with its greater financial leverage in that fewer assets can default before the bank is insolvent. CNB's ROA is higher because it eams a higher average yield on assets (AU), pays about the same in operating expense (ER), and significantly less in taxes (TAX = AU - ER-ROA). 0.26% 3.72% 70.36% 2.31% Allowance (Provision) for Loan Loss/Gross Loans Core Deposits/ Avg. Total Assets Efficiency Ratio Capital Base to total assets EXHIBIT 3.2 (continued) Balance Sheet ASSETS Loans: Real estate loans Commercial loans Individual loans Agricultural loans Other LN&LS in domestic off. LN&LS in foreign off. Loans held for sale Loans not held for sale Memo: Total loans Loan & Lease loss Allowance Net Loans & Leases Investments: U.S. Treasury & Agency securities Municipal securities Foreign debt securities All other securities Interest bearing bank balances Fed funds sold & resales Trading account assets Total Investments Total Earning Assets Nonint Cash & Due from banks Premises, fixed assets & capital leases Other real estate owned Dir & Indir Inv RE Ventures Investment in unconsolidated subs. Acceptances and other assets Total Assets Average Assets During Quarter % Cha 39.7 -3.8 -18.0 -9.0 0.0 0.0 0.0 12.3 12.3 23.1 12.2 -48.5 209.9 0.0 0.0 -66.0 0.0 0.0 -24.0 10.4 26.3 10.1 -11.9 0.0 0.0 -10.7 9.9 9.2 Dec-12 $ 1,000 62,214 12,685 3,813 37,085 0 0 115,797 115,797 782 115,015 2,487 1,593 0 0 16 0 0 4,096 119,111 5,023 2,642 303 0 0 4,975 132,054 129,754 Community National Bank % of Total 47.1 9.6 2.9 28.1 0.0 0.0 0.0 87.7 87.7 0.6 87.1 1.9 1.2 0.0 0.0 0.0 0.0 0.0 3.1 90.2 3.8 2.0 0.2 0.0 0.0 3.8 100.0 98.3 % Cha 2.9 9.5 -12.7 2.7 0.0 0.0 0.0 3.0 3.0 -9.0 3.1 -85.4 130.2 0.0 0.0 29506 0.0 0.0 114.1 6.9 -0.3 0.3 -79.5 0.0 0.0 1.6 6.1 6.0 Dec-13 $ 1,000 64,034 13,887 3,329 38,070 0 0 119,320 119,320 712 118,608 364 3,667 4,737 0 0 8,768 127,376 5,010 2,650 62 0 0 5,054 140,152 137,545 % of Total 45.7 9.9 2.4 27.2 0.0 0.0 0.0 85.1 85.1 0.5 84.6 0.3 2.6 0.0 0.0 3.4 0.0 0.0 6.3 90.9 3.6 1.9 0.0 0.0 0.0 3.6 100.0 98.1 EXHIBIT 3.2 (continued) Balance Sheet LIABILITIES Demand deposits All NOW & ATS Accounts Money market deposit accounts Other savings deposits Time Deps Below Insurance Limit Less: Fully Insured Brokered Deposits Core Deposits Fully Insured Brokered Deposits Time Deposits Above Insurance Limit Deposits held in foreign offices Total deposits Fed funds purchased & resale FHLB borrowings <1 Yr Other borrowings inc mat <1 yr Memo: Volatile liabilities FHLB borrowings >1 Yr Other borrowings inc mat >1 yr Acceptances & other liabilities Total Liabilities before Sub. Notes Sub. Notes & Debentures Total Liabilities TOTAL BANK EQUITY CAPITAL Minority Interest Cons Subs Total Bank Capital & Minority Int. Total Liabilities & Capital Memoranda: Officer, Shareholder Loans (#) Officer, Shareholder Loans ($) Held-to-Maturity Securities Available-for-Sale-Securities Total Securities % Cha 6.1 21.3 37.9 7.7 4.1 -6.2 12.2 -6.2 55.5 0.0 12.8 0.0 0.0 0.0 55.5 -100.0 #N/A -7.8 10.1 0.0 10.1 7.8 0.0 7.8 9.9 100.0 170.2 0.0 -23.6 -23.6 Dec-12 45.3 $ 1,000 21,901 14,610 18,441 8,480 50,645 5,166 108,911 5,166 6,159 0 120,236 0 0 0 6,159 0 1,000 367 121,603 0 121,603 10,451 0 10,451 132,054 2 2,915 0 4,080 4,080 8,003 Community National Bank % Cha 16.6 11.1 14.0 6.4 38.4 3.9 82.5 3.9 4.7 0.0 91.1 0.0 0.0 0.0 4.7 0.0 0.8 0.3 92.1 0.0 92.1 7.9 0.0 7.9 100.0 0.0 2.2 0.0 3.1 3.1 $ 1,000 6.1 9.9 -7.6 14.3 6.1 3.5 63.7 2.5 63.7 17.4 0.0 5.9 0.0 0.0 0.0 17.4 #N/A -100.0 -5.2 5.8 0.0 5.8 10.1 0.0 10.1 6.1 0.0 -6.8 0.0 -1.2 -1.2 47.4 Dec-13 % Cha 24,069 13,501 21,071 9,001 52,421 8,455 111,608 8,455 7,231 0 127,294 0 0 0 7,231 1,000 0 348 128,642 0 128,642 11,510 0 11,510 140,152 2 2,718 0 4,031 4,031 $ 1,000 11,794 17.2 9.6 15.0 6.4 37.4 6.0 79.6 6.0 5.2 0.0 90.8 0.0 0.0 0.0 5.2 0.7 0.0 0.2 91.8 0.0 91.8 All Brokered Deposits Source: Timothy Koch and S. Scott MacDonald; from FFIEC, Uniform Bank Performance Report, https://cdr.ffiec.gov/public/Manage 8.2 0.0 8.2 100.0 0.0 1.9 0.0 2.9 2.9 8.4 EXHIBIT 3.4 (continued) Income Statement Interest Income: Interest and fees on loans Income from lease financing Memo: Fully taxable Tax-exempt Estimated tax benefit Income on Loans & Leases (TE) U.S. Treasury & Agency securities Mortgage Backed Securities Estimated tax benefit All other securities income Tax-Exempt Securities Income Investment Interest Income (TE) Interest on due from banks Interest on Fed funds sold & resales Trading account income Other interest income Total interest income (TE) Interest Expense: Int on Deposits held in foreign offices Interest on CD's over $100M Interest on All Other Deposits: Total interest exp. on deposits Interest on Fed funds purchased & resale Interest on Trad Liab & Oth Borrowings Interest on Sub. Notes & Debentures Total interest expense Net interest income (TE) % Cha 5.3 0.0 5.4 -14.3 -20.0 5.3 #N/A -75.4 -100.0 82.4 -66.7 -37.3 -60.0 -100.0 0.0 166.7 5.1 0.0 -7.6 -23.4 -18.5 300.0 -71.9 0.0 -24.0 12.7 Dec-12 $ 1,000 6,926 0 6,914 12 4 6,930 2 14 0 31 1 47 2 0 0 48 7,027 0 352 647 999 4 41 0 1,044 5,983 Community National Bank % of Total 87.0 0.0 86.8 0.2 0.1 87.0 0.0 0.2 0.0 0.4 0.0 0.6 0.0 0.0 0.0 0.6 88.2 0.0 4.4 8.1 12.5 0.1 0.5 0.0 13.1 75.1 % Cha 14.1 0.0 14.2 -25.0 -25.0 14.1 -100.0 -28.6 #N/A 116.1 200.0 66.0 200.0 0.0 0.0 -58.3 14.0 0.0 -2.6 -18.7 -13.0 -100.0 -48.8 0.0 -14.8 19.0 Dec-13 $ 1,000 7,905 0 7,896 9 3 7,908 0 10 1 67 w 3 78 6 0 0 20 8,012 0 343 526 869 0 21 0 890 7,122 % of Total 90.5 0.0 90.4 0.1 0.0 90.6 0.0 0.1 0.0 0.8 0.0 0.9 0.1 0.0 0.0 0.2 91.8 0.0 3.9 6.0 10.0 0.0 0.2 0.0 10.2 81.6 EXHIBIT 3.4 (continued) Income Statement Noninterest Income: Fiduciary Activities Deposit service charges Trading rev, venture cap., securitize inc. Investment banking, advisory inc. Insurance commissions & fees Net servicing fees LN&LS net gains (losses) Other net gains (losses) Other noninterest income Total noninterest income Adjusted Operating Income (TE) Non-Interest Expenses: Personnel expense Occupancy expense Goodwill impairment Other Intangible Amortization Other Oper Exp (Incl intangibles) Total Noninterest Expenses Provision: Loan & Lease Losses Pretax Operating Income (TE) Realized G/L HId-to-Maturity Sec. Realized G/L Avail-for-Sale Sec. Pretax Net Operating Income (TE) Applicable Income Taxes Current Tax Equivalent Adjustment Other Tax Equivalent Adjustments Applicable Income Taxes (TE) Net Operating Income Net Extraordinary Items Net Inc Noncontrolling Minority Interests Net Income Cash Dividends Declared Retained Earnings % Cha 0.0 -13.5 0.0 0.0 #N/A 0.0 0.0 -53.1 -3.0 -5.8 9.7 18.8 1.4 0.0 0.0 5.5 12.0 -49.2 26.6 0.0 -105.8 20.8 0.0 -16.7 0.0 -16.7 21.0 0.0 0.0 21.0 72.6 -11.4 Dec-12 $ 1,000 0 660 0 0 3 6 0 (46) 318 941 6,924 2,901 567 0 0 1,763 5,231 254 1,439 0 (3) 1,436 0 5 0 5 1,431 0 0 1,431 787 644 Community National Bank % of Total 0.0 8.3 0.0 0.0 0.0 0.1 0.0 -0.6 4.0 11.8 86.9 36.4 7.1 0.0 0.0 22.1 65.7 3.2 18.1 0.0 0.0 18.0 0.0 0.1 0.0 0.1 18.0 0.0 0.0 18.0 9.9 8.1 0 % Cha 0.0 -19.1 0.0 0.0 -66.7 -16.7 0.0 132.6 -10.7 -23.8 13.2 11.9 29.1 0.0 0.0 -3.3 8.6 -58.7 42.7 0.0 -133.3 43.0 0.0 -20.0 0.0 -20.0 43.3 0.0 0.0 43.3 29.2 60.4 Dec-13 $ 1,000 0 534 0 0 1 5 0 (107) 284 717 7,839 3,245 732 0 0 1,704 5,681 105 2,053 0 1 2,054 0 4 0 4 2,050 0 0 2,050 1,017 1,033 % of Total 0.0 6.1 0.0 0.0 0.0 0.1 0.0 -1.2 3.3 8.2 89.8 37.2 8.4 0.0 0.0 19.5 65.1 1.2 23.5 0.0 0.0 23.5 0.0 0.0 0.0 0.0 23.5 0.0 0.0 23.5 11.6 11.8

Answer rating: 100% (QA)

ANSWER Here is the analysis of the performance of Community National Bank CNB using the data provided in Exhibits 32 34 and 36 a Calculation of ratios for 2013 i ROE Return on Equity Net Income Averag... View the full answer