Question 3 of 10 0.0 2.0 Points Following data pertains to Castle State Bank. Balance...
60.1K
Verified Solution
Link Copied!
Question
Finance
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
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
