Question: From the supplemental financial statement information below, calculate the e overhead efficiency. The financial statements below are to be used for the problems dealing with
From the supplemental financial statement information below, calculate the e overhead efficiency.
The financial statements below are to be used for the problems dealing with the bank financial ratios.
BALANCE SHEET
ASSETS
Cash $760,000,000
Securities 1,800,000,000
Net Loans 5,200,000,000
Other 975,000,000
Total assets $8,735,000,000
LIABILITIES and EQUITY
Deposits $6,875,000,000
Other borrowing 997,000,000
Equity 863,000,000
Total liabilities & Equity $8,735,000,000
INCOME STATEMENT
Interest income on loans $375,000,000
Interest income on securities 95,000,000
Non-interest income 65,000,000
Total Operating income $535,000,000
Interest expense 215,000,000
Non-interest expense 112,000,000
Provision for loan loss 19,000,000
Income Taxes 75,000,000
Net income $114,000,000
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