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Question 3 of 10 0.0 2.0 Points Following data pertains to Castle State Bank. Balance...

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Question 3 of 10 0.0 2.0 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 103.972 (80% of cash assets earn interest), Securities 580.594, Net loans 1182.122, Net premises 304.621; Deposits 1095.867 (60% of deposits are interest-bearing), Non-deposit borrowings 818.73, Common stock $11.248, Surplus $126.369; Income Statement: Interest Income 406.226, Interest expense 204.217, Noninterest income 50.972, Noninterest expense 98.929, Provision for loan losses 62.103, Securities gains (losses if negative) -2.827, Taxes 49.544. What is Castle State Bank's earnings spread? Decimalize your answer, round to four decimals. E.g., if your answer is 6.445%, record it as 0.0645. Note: Undivided profits is the only item missing above; it is the item that would balance the balance sheet. x .0942 Answer Key:0.0817

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