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- The following balance sheet items and income statement information is provided to you for a different bank ($ millions)
Assets Liabilities
Cash 10,000 Checking deposits 25,000
Due from banks 2,000 Saving deposits 50,000
Net loans 90,000 Time deposits 65,000
Investment securities 30,000 Federal funds purchased 5,000
Fixed assets 15,000 Total equity capital 15.000
Income Statement
Interest income on loans $7,200
Interest paid on deposits 4,800
Noninterest income 2,000
Total noninterest expense 3,500
Calculate the following:
Earnings spread (20 points)
Answer & Explanation
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