Valley Bank has an average interest rate of 10% on %500 million of loans and securities, an average interest rate of 5% on $400 million of deposits and other borrowed funds, noninterest revenue of $12 million, noninterest expense of $17 million, and a provision for loan losses of $10 million. total shareholders equity is $50 million, total assets are $500 million and the tax rate is 30%. Prepare Valley's income statement in order to answer:

A. the net interest income

B. net income

C. return on asset

Answer rating: 100% (QA)

Okay here are the steps to solve this problem A Net interest income Interest revenue on loans and ... View the full answer