Question 24 (4 points)

What is the efficiency ratio for the bank? Amount ($millions) Amount ($millions) Cash 70 Interest Income Inv. Securities 310 Securities 3.565 Net Loans Business Loans 17.360 Business Loans 400 Mortgages 5.831 Mortgages 170 Installment Loans 12.306 Installment Loans 210 Credit Cards 9.648 Credit Cards 90 Interest Expense Loan Loss Reserve 16 Demand Deposits 1.200 Other Assets 50 Savings Accounts 1.632 Total Assets 1300 Time Deposits 8.446 Purchased Funds 3.180 Demand Deposits Loan Loss Provision 4.080 Non-Int Bearing 130 Non-Interest Income 11.837 Interest Bearing 250 Non-Interest Expense 24.739 Savings Accounts 240 Capital Gains/Losses -0.193 Time Deposits 410 Before Tax Income 17.077 Purchased Funds 100 Taxes 5.806 Equity 170 Net Income 11.271 Total Liab and Equity 1300

Question 24 options:

1)

72.23%

2)

53.68%

3)

107.06%

4)

37.67%

5)

27.99%