The financial statements for MHM Bank (MHM) are shown below: Balance...
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Finance
The financial statements for MHM Bank (MHM) are shown below:
Balance Sheet MHM Bank
Assets
Liabilities and Equity
Cash and due from banks
$ 2,020
Demand deposits
$ 10,720
Demand deposits at other FIs
2,100
Small time deposits
10,450
Investments
6,280
Jumbo CDs
7,770
Federal funds sold
3,090
Federal funds purchased
570
Loans (less reserve for loan losses of 3,400)
20,260
Other liabilities
3,220
Premises
2,370
Equity
3,390
Total assets
$ 36,120
Total liabilities/equity
$ 36,120
Income Statement MHM Bank
Interest income
$ 4,258
Interest expense
2,224
Provision for loan losses
1,100
Noninterest income
800
Noninterest expense
1,075
Taxes
335
a. Calculate the dollar value of MHMs earning assets. b. Calculate the dollar value of MHMs interest-bearing liabilities. c. Calculate MHMs spread. (Do not round intermediate calculations. Round your percentage answer to 3 decimal places. (e.g., 32.161))d. Calculate MHMs interest expense ratio. (Round your percentage answer to 3 decimal places. (e.g., 32.161))
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