You know the following information about the Miller State Bank (in $ mln):

1. Gross loans $328.863
2. 
   
3. Deposits $382.854
4. 
   
5. Undivided profits $29.058
6. 
   
7. Common stock par $4.811
8. 
   
9. Non-deposit borrowings $60.236
10. 
    
11. Investment securities $155.291
12. 
    
13. Net premises $42.063
14. 
    
15. Surplus $14.224
16. 
    
17. Allowance for loan losses $36.851
18. 
    
19. Gross premises $66.926.

Given this information, what is the bank's total equity, to the nearest $0.001 million?

Answer rating: 100% (QA)

To find the banks total equity we need to add up its common stock undivided profits surplus and t... View the full answer