Following data pertains to Castle State Bank. Balance Sheet: Cash 100.551, Securities 616.826, Net loans...
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Finance
Following data pertains to Castle State Bank. Balance Sheet: Cash 100.551, Securities 616.826, Net loans 1190.847, Net premises 290.951; Deposits 1096.639, Non-deposit borrowings 785.084, Common stock 10.483, Surplus 126.308, undivided profits (i.e., retained earnings) 180.661; Income Statement: Interest Income 393.239, Interest expense 191.914, Noninterest income 51.099, Noninterest expense 101.923, Provision for loan losses 57.146, Securities gains (losses if negative) 13.015, Taxes 47.12. What is Castle State Bank's ROA? Decimalize your answers, round to four decimals. E.g., if your answer is 2.345%, record it as 0.0235.
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