Question

1. Arrange the following items into an income statement. Label each item, place it in the appropriate category, and determine the bank's net income. Interest Paid on time deposit а. $100,000 b. Interest paid on jumbo CDs $101,000 Interest received on treasury С. and agency securities $44,500 Fees received on mortgage d. originations $23,000 Provisions for loan losses е. $18,000 Dividends paid to f. stockholders of $0.50 per share for

Answer 1

Income Statement of the Bank
Expenses	Amount ($)	Income	Amount ($)
Interest on time deposit	100000	Interest received in treasury	44500
Interest paid on Jumbo CD	101000	Fee on mortgage	23000
Provision for Loan Losses	18000	Interest on Municipal Bonds	60000
Interest Checking Account	33500	Service Charge	41000
Employee Salaries	145000	Trust Income	15000
Occupancy Charge	22000	Interest on fee and loan	189000
Occupancy Charge	22000
	441500		372500
		Loss	69000
	441500		441500