Gain on Restructuring of Debt Pearl National Bank Land Bad Debt Expense Notes Receivable (c) Stellar Corporation Notes Payable Gain on Restructuring of Debt Pearl National Bank Bad Debt Expense Notes Receivable (d) Stellar Corporation Notes Payable Gain on Restructuring of Debt Pearl National Bank Bad Debt Expense Notes Receivable 4029000 1971000 1193689 1193689 1344827.4 1344827.4 1971000 6000000 1193689 1193689 1344827.4 1344827.4
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- Examine the balance sheet of commercial banks in the tollowing tabie. Assete S Blion Total Liabilities and Net Horth SBAllion Total Liabilities Real anseta Equipment and premisen Other real estate $ 10,281.3 1,206.0 156.2 0.9 Deposita Debt and other borroved funda Federal funda and repurehase 56.0 8.9 0.4 1.0 Total real assets 225.1 1.2 1,967.0 10.7 agreements Other 1,523.0 S 15,057.3 8.3 82.0 Total liabilities Tinaneial aeta Cash 898.3 4.9 43.7 34. 1,223.2 6.? 92.1 8,032.1 6,759.3 Investment securities Loans and leaees Other finaneial asseta Total financial asseta 16,912.9 Other assets Intangible asseta other Total other asseta 421.4 2.3 1,230.1 1.4 6.7 $ 3,310. 18,368.1 100.0 Net vorth 18.0 $ 18,368.1 100.0 Total Balance sheet of FDIC-insured commercial banks and savings institutions Note: Column sums may differ from total because of rounding error. Source: Federal Deposit Insurance Corporation, www.fdic.gov, March 2016. a. What is the ratio of real assets to total assets? (Round…Fill in the entries in the following T-accounts when central bank sells TL 100.000 of government bonds to Halkbank Assets Halkbank Liabilities Central Bank Assets LiabilitiesAssets Cash Securities Loans Other Total Non-interest Income Non-Interest Expense Provision for Loan Loss Taxes Net Income (NI) Interest Income on Loans Interest Income on Securities Interest Expense 58.04% 6.12% $850 1,925 5,400 The bank's asset utlilization ratio (AU) is 5.46% 975 3.74% $9,150 18.60% Liability and Equity Deposits Other Borrowing Equity Total Income Statement $450 95 246 78 Use the following formula for the operating income: Operating income = Interest revenue + Noninterest income - Interest expense - Loan loss provisions 112 35 115 $115 $6,475 1,645 1,030 $9.150
- The financial statements for First National Bank (FNB) are shown below: Balance Sheet First National Bank Assets Cash Demand deposits from other FIS Investments Federal funds sold Loans Reserve for loan losses. Premises Total assets $ 540 1,800 4,500 2,295 16,425 (2,025) 2,135 $25,670 Income Statement First National Bank. Interest income Interest expense Provision for loan losses Noninterest income Noninterest expense Taxes a. FNB's earning assets b. FNB's ROA c. FNB's asset utilization ratio d. FNB's spread $3,050 2,020 270 230 510 90 Liabilities and Equity Demand deposits Small time deposits. Jumbo CDs Federal funds purchased Equity Total liabilities/equity % % % $ 5,570 11,100 3,650 2,700 2,650 a. Calculate the dollar value of FNB's earning assets. b. Calculate FNB's ROA. (Round your answer to 2 decimal places. (e.g., 32.16)) c. Calculate FNB's asset utilization ratio. (Round your answer to 2 decimal places. (e.g., 32.16)) d. Calculate FNB's spread. (Round your answer to 2 decimal…Examine the balance sheet of commercial banks in the following table. Liabilities and Net Assets S Billion 96 Total $ Billion 9% Total Worth Real assets Liabilities Equipment and premises 193.7 13 9% Deposits s 10,277.3 67.1 96 Other real Debt and other 48.9 0.3 990.0 6.5 estate borrowed funds Federal funds and Total real assets 2426 16 | % repurchase agreements 942.0 6.2 Other 929.0 6.1 Total liabilities $| 13,138.3 85.8 9% Financial assets Cash 890.3 5.8 % Investment 5,032.1 32.9 securities Loans and 6,711.3 43.8 leases Other financial 1,215.2 7.9 assets Total financial S 13,848.9 90.5 9% assetsIn a Bank's balancesheet , decrease in financial assets available for sale and Held for trading. what does it indicate? can you make 2 assumptions . thank you ! Year 2020($m) Cash and cash equivalents Due from other financial institutions-term deposits 835 826 Financial assets available-for-sale Financial assets held for trading
- 15. bank acquire their major cost of borrowing from loans O federal fund purchased demand account O time deposit accountFor each of the unrelated transactions described below, present the entries required to record each transaction. Flounder Corp. issued $18,800,000 par value 11% convertible bonds at 99. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95. 1. 2. 3. Culver Company issued $18,800,000 par value 11% bonds at 98. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $4. Suppose Sepracor, Inc. called its convertible debt in 2020. Assume the following related to the transaction. The 12%. $10,100,000 par value bonds were converted into 1,010,000 shares of $1 par value common stock on July 1, 2020. On July 1. there was $52,000 of unamortized discount applicable to the bonds, and the company paid an additional $75,000 to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method.Notes payable and Debt restructuring
- The financial statements for MHM Bank (MHM) are shown below: Assets Cash and due from banks Demand deposits at other FIS Investments Federal funds sold Loans (less reserve for loan losses of 3,400) Premises Total assets Income Statement MHM Bank Interest income Interest expense Provision for loan losses Noninterest income Noninterest expense Taxes a. MHM's earning assets b. MHM's interest-bearing liabilities Balance Sheet MHM Bank $ 2,020 2,100 6,280 3,090 20,260 2,370 $36, 120 C. MHM's spread d. MHM's interest expense ratio $ 4,258 2,224 1,100 800 1,075 335 Liabilities and Equity a. Calculate the dollar value of MHM's earning assets. b. Calculate the dollar value of MHM's interest-bearing liabilities. c. Calculate MHM's spread. (Do not round intermediate calculations. Round your percentage answer to 3 decimal places. (e.g., 32.161)) d. Calculate MHM's interest expense ratio. (Round your percentage answer to 3 decimal places. (e.g., 32.161)) % % Demand deposits Small time deposits…2. Mean Green Bank started its first day of operations with $10 million in capital. $100 million in checkable deposits is received. The bank issues a $30 million commercial loan and another $30 million in mortgages. The required reserves are 8%.The Interest rate on which of the following is the LIBOR? a.Banker's acceptances b.Repurchase agreement c.Certificate of Deposits d.Eurodollar CD