5 1 Jasper National Bank has just submitted its Report of Condition to the FDIC Please fill in the missing items from its statement shown below (all figures in millions of dollars) Report of Condition[.]
5-1 Jasper National Bank has just submitted its Report of Condition to the FDIC Please fill in the missing items from its statement shown below (all figures in millions of dollars): Report of Condition Total assets Cash and due from Depository Institutions Securities Federal Funds Sold and Reverse Repurch Gross Loans and Leases Loan Loss Allowance Net Loans and Leases Trading Account Assets Bank Premises and Fixed Assets Other Real Estate Owned Goodwill and Other Intangibles All Other Assets Total Liabilities and Capital Total Liabilities Total Deposits Federal Funds Purchased and Repurchase Agreements Trading Liabilities Other Borrowed Funds Subordinated Debt All Other Liabilities Total Equity Capital Perpetual Preferred Stock Common Stock Surplus Undivided Profit $2,500 87 233 45 ? 200 1700 20 ? 15 200 175 ? ? ? 80 10 50 480 40 ? 24 144 70 5-2 Along with the Report of Condition submitted above, Jasper has also prepared a Report of Income for the FDIC Please fill in the missing items from its statement shown below (all figures in millions of dollars): Report of Income Total Interest Income Total Interest Expense Net Interest Income Provision for Loan and Lease Losses Total Noninterest Income $120 ? 40 ? 58 Fiduciary Activities Service Charges on Deposit Accounts Trading Account Gains and Fees Additional Noninterest Income Total Noninterest Expense Salaries and Benefits Premises and Equipment Expense Additional Noninterest Expense Pretax Net Operating Income Securities Gains (Losses) Applicable Income Taxes Income Before Extraordinary Income Extraordinary Gains – Net Net Income 5-3 ? 30 77 ? 10 20 17 ? ? If you know the following figures: Total Interest Income Total Interest Expenses Total Noninterest Income Total Noninterest Expenses $140 Provision for Loan Loss 100 Income Taxes Increases in bank’s undivided 15 profits 35 $5 Please calculate these items: Net Interest Income Net Noninterest Income Pretax net operating income Net Income After Taxes Total Operating Revenues Total Operating Expenses Dividends paid to Common Stockholders 5-4 If you know the following figures: Gross Loans Allowance for Loan Losses Investment Securities Common Stock Surplus Total Equity Capital Cash and Due from Banks Miscellaneous Assets Bank Premises and Equipment, $275 Trading Account Securities Other Real Estate Owned 36 Goodwill and other Intangibles Total Liabilities 19 Preferred Stock 39 Nondeposit Borrowings Bank Premises and Equipment, Net 38 34 $2 375 20 29 Gross Please calculate these items: Total Assets Net Loans Undivided Profit Fed funds sold Depreciation Total Deposits 5-5 The Mountain High Bank has Gross Loans of $750 million with an ALL account of $45 million Two years ago the bank made a loan for $10 million to finance the Mountain View Hotel Two million in principal was repaid before the borrowers defaulted on the loan The Loan Committee at Mountain High Bank believes the hotel will sell at auction for $7 million and they want to charge off the remainder immediately a The dollar figure for Net Loans before the charge-off is ? b After the charge-off, what are the dollar figures for Gross Loans, ALL assuming no other transactions