The financial statements for First National Bank (FNB) are shown below: Balance Sheet First National...
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Accounting
The financial statements for First National Bank (FNB) are shown below: Balance Sheet First National Bank Assets Liabilities and Equity Cash $ 560 Demand deposits $ 6,650 Demand deposits from other FIs 1,900 Small time deposits 10,100 Investments 4,600 Jumbo CDs 3,750 Federal funds sold 2,355 Federal funds purchased 2,800 Loans 16,625 Equity 2,750 Reserve for loan losses (2,225 ) Premises 2,235 Total assets $ 26,050 Total liabilities/equity $ 26,050 Income Statement First National Bank Interest income $ 3,150 Interest expense 2,080 Provision for loan losses 290 Noninterest income 250 Noninterest expense 530 Taxes 70 a. Calculate the dollar value of FNBs earning assets. b. Calculate FNBs ROA. (Round your answer to 2 decimal places. (e.g., 32.16)) c. Calculate FNBs asset utilization ratio. (Round your answer to 2 decimal places. (e.g., 32.16)) d. Calculate FNBs spread.
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