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Problems: In order to earn full credit all your work including the complete formula must...

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Finance

Problems: In order to earn full credit all your work including the complete formula must be shown.

  1. The following information is available to you on the banks statements ($ million)

Total bank assets $600,000

Interest income on loans 14,400

Interest expense paid on deposits 6,000

Non-interest income 2,400

Total non-interest expenses 3,600

Provision for loan losses 240

Income taxes 120

Calculate the following ratios:

  1. Net income after taxes - show complete income statement structure as discussed in lecture (10 points)
  2. Net non-interest margin (5 points)
  3. Return on assets (2 points)
  4. If the banks equity is $80,000 million, calculate the equity multiplier (5 points)
  5. Return on equity (5 points)
  6. Net operating margin (8 points)

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