The latest report of condition and income and expense statement for SME National Bank are as shown in the following tables: SME National Bank (complete) Income and Expense Statement (Report of Income in Millions of GHS) Interest and fees on loans Interest and dividends on securities 50 6 Total interest income 56 Interest paid on deposits Interest on nondeposit borrowings Total interest expense 40 46 Net interest income 10 Provision for loan losses Noninterest income and fees 5 20 Noninterest expenses: Salaries and employee benefits Overhead expenses Other noninterest expenses 10* 5 Total noninterest expenses Net noninterest income 17 -2 Pretax operating income Securities gains (or losses) Pretax net operating income Тахes 8 2 10 2 Net operating income Net extraordinary income Net income 8 -1 7 *Note: the bank currently has 40 FTE employees.
The latest report of condition and income and expense statement for SME National Bank are as shown in the following tables: SME National Bank (complete) Income and Expense Statement (Report of Income in Millions of GHS) Interest and fees on loans Interest and dividends on securities 50 6 Total interest income 56 Interest paid on deposits Interest on nondeposit borrowings Total interest expense 40 46 Net interest income 10 Provision for loan losses Noninterest income and fees 5 20 Noninterest expenses: Salaries and employee benefits Overhead expenses Other noninterest expenses 10* 5 Total noninterest expenses Net noninterest income 17 -2 Pretax operating income Securities gains (or losses) Pretax net operating income Тахes 8 2 10 2 Net operating income Net extraordinary income Net income 8 -1 7 *Note: the bank currently has 40 FTE employees.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Calculate:
- Net profit
margin - Asset utilization
- Equity multiplier
Transcribed Image Text:The latest report of condition and income and expense statement for SME National Bank are
as shown in the following tables:
SME National Bank (complete)
Income and Expense Statement (Report of Income in
Millions of GHS)
Interest and fees on loans
50
Interest and dividends on securities
Total interest income
56
Interest paid on deposits
Interest on nondeposit borrowings
Total interest expense
40
6
46
Net interest income
10
Provision for loan losses
5
Noninterest income and fees
Noninterest expenses:
20
Salaries and employee benefits
Overhead expenses
Other noninterest expenses
Total noninterest expenses
Net noninterest income
10*
5
17
-2
Pretax operating income
Securities gains (or losses)
Pretax net operating income
8
2
10
Таxes
2
Net operating income
Net extraordinary income
Net income
8
-1
7
*Note: the bank currently has 40 FTE employees.
Transcribed Image Text:SME National Bank
Report of Condition (In Millions of GHS)
Assets
Liabilities
Cash and deposits due from banks
Investment securities
100 Demand deposits
150 Savings deposits
10 Time deposits
700 Money mkt funds purchased
Total liabilities
190
180
Money mkt funds sold
Net loans
470
80
(Allowance for loan losses = 25)
(Unearned income on loans = 5)
Net Fixed Assets
920
Equity capital
50 Common stock
20
Surplus
980 Retained earnings
Total Capital
860 Interest-bearing deposits
35
Total assets
35
80
Total earnings assets
650
Using these statements, calculate the following performance measures:
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