ZuoTi.Pro
Question

You know the following information about the Miller State Bank (in $ mln): Gross loans $274.733,...

You know the following information about the Miller State Bank (in $ mln): Gross loans $274.733, Deposits $370.444, Undivided profits $29.963, Common stock par $4.581, Non-deposit borrowings $61.014, Investment securities $154.98, Net premises $39.296, Surplus $12.96, Allowance for loan losses $36.181, Gross premises $65.827. Given this information, what is the bank's total equity, to the nearest $0.001 million? E.g. if your answer is $55.6755 million, record it as 55.676.

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer:

Total Equity = Common stock par + Undivided profits + Surplus = $ 4.581 + $ 29.963 + $ 12.96 = $ 47.504

0 0
Add a comment
Know the answer?
Add Answer to:
You know the following information about the Miller State Bank (in $ mln): Gross loans $274.733,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • You know the following information about the Miller State Bank: Gross loans $300 Miscellaneous assets 50...

    You know the following information about the Miller State Bank: Gross loans $300 Miscellaneous assets 50 Deposits 390 Total equity 50 Common stock par 5 Non-deposit borrowings 60 Investment securities 150 Net premises 40 Surplus 5 Allowance for loan losses 50 total assets 500 gross premises 70 Given this information, what is the vaule of this firms net loans? a)250 b)350 c)500 d)50 e)150

  • Gross loans $286.46, Miscellaneous assets $50.833, Deposits $397.517, Common stock par $4.832, Non-deposit borrowings $61.901, Investment...

    Gross loans $286.46, Miscellaneous assets $50.833, Deposits $397.517, Common stock par $4.832, Non-deposit borrowings $61.901, Investment securities $153.06, Net premises $37.138, Surplus $4.966, Allowance for loan losses $35.129, Gross premises $74.328. Given this information, what is the the value of this bank's total liabilities,

  • please complete part a & b .. thanks Accumulated Depreciation Net Loans Fed Funds Purchased and...

    please complete part a & b .. thanks Accumulated Depreciation Net Loans Fed Funds Purchased and Repurchase Agreements Cash and Due from Banks Trading Account Securities Miscellaneous Assets Deposits Undivided Profits Gross Premises Surplus Subordinated Debt Investment Securities Common Stock Par Gross Loans Given this information, what is this firm's Total Liabilities? $40 $600 $200 $50 $40 $100 $500 $140 $90 $40 $100 $160 $20 $700 $500 $200 $1000 $800 You know the following information about the Jupiter State Bank:...

  • Following data pertains to Castle State Bank. Balance Sheet: Cash 95.499, Securities 593.776, Net loans 1191.255, Net premises 297.786

    Following data pertains to Castle State Bank. Balance Sheet: Cash 95.499, Securities 593.776, Net loans 1191.255, Net premises 297.786; Deposits 1109.808, Non-deposit borrowings 800.142, Common stock $10.452, Surplus $127.946; Income Statement: Interest Income 398.068, Interest expense 192.289, Noninterest income 51.404, Noninterest expense 95.709, Provision for loan losses 57.858, Securities gains (losses if negative) 11.275, Taxes 48.8. What is Castle State Bank's ROA? Decimalize your answers, round to four decimals. E.g., if your answer is 14.445%, record it as 0.1445. Note: Undivided...

  • Following data pertains to Castle State Bank. Balance Sheet: Cash 104.771, Securities 618.924, Net loans 1184.038, Net premises 290.693

    Following data pertains to Castle State Bank. Balance Sheet: Cash 104.771, Securities 618.924, Net loans 1184.038, Net premises 290.693; Deposits 1101.113, Non-deposit borrowings 789.054, Common stock $10.176, Surplus $129.247; Income Statement: Interest Income 390.412, Interest expense 203.421, Noninterest income 49.19, Noninterest expense 101.855, Provision for loan losses 62.749, Securities gains (losses if negative) -7.796, Taxes 47.375. What is Castle State Bank's expense control efficiency ratio? Decimalize your answers, round to four decimals. E.g., if your answer is 14.445%, record it...

  • Following data pertains to Castle State Bank. Balance Sheet: Cash 97.247, Securities 585.918, Net loans 1194.246, Net premises 308.07

    Following data pertains to Castle State Bank. Balance Sheet: Cash 97.247, Securities 585.918, Net loans 1194.246, Net premises 308.07; Deposits 1097.072, Non-deposit borrowings 804.376, Common stock $11.502, Surplus $129.636; Income Statement: Interest Income 400.45, Interest expense 200.108, Noninterest income 51.568, Noninterest expense 97.321, Provision for loan losses 58.203, Securities gains (losses if negative) -8.068, Taxes 47.096. What is Castle State Bank's expense control efficiency ratio? Decimalize your answers, round to four decimals. E.g., if your answer is 14.445%, record it...

  • Bank management Gross loans $300 Miscellaneous assets 50 390 Deposits Total equity Common stock 50 Non-deposit...

    Bank management Gross loans $300 Miscellaneous assets 50 390 Deposits Total equity Common stock 50 Non-deposit borrowings 60 Investment securities 150 Net bank premise and equipment 40 Surplus 50 Allowance for loan losses Total assets 500 Gross bank premise and equipment 70 What is the value of this bank's depreciation? a. $50 Ob.$40 OC. $30 d. $70 QUESTION 3 1 points Save Answer What is the value of this bank's total liabilities? 2. $60 Ob.$450 OC. $50 d. $500 QUESTION...

  • Following data pertains to Castle State Bank. Balance Sheet: Cash 95.068 (80% of cash assets earn interest)

    Following data pertains to Castle State Bank. Balance Sheet: Cash 95.068 (80% of cash assets earn interest), Securities 619.293, Net loans 1194.955, Net premises 292.677; Deposits 1093.196 (60% of deposits are interest-bearing), Non-deposit borrowings 798.932, Common stock $10.655, Surplus $125.167; Income Statement: Interest Income 401.407, Interest expense 189.34, Noninterest income 48.77, Noninterest expense 96.14, Provision for loan losses 59.823, Securities gains (losses if negative) -4.67, Taxes 42.459. What is Castle State Bank's earnings spread? Decimalize your answer, round to four...

  • Question 7 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash...

    Question 7 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 102.239, Securities 606.172, Net loans 1199.056, Net premises 306.759; Deposits 1104.419, Non-deposit borrowings 792.599, Common stock $11.089, Surplus $120.338; Income Statement: Interest Income 408.333, Interest expense 182.185, Noninterest income 49.37, Noninterest expense 97.361, Provision for loan losses 61.143, Securities gains (losses if negative) -7.836, Taxes 45.247. What is Castle State Bank's equity multiplier? Decimalize your answer, round to two decimals. E.g., if your answer...

  • Question 10 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash...

    Question 10 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 97.365, Securities 616.917, Net loans 1190.086, Net premises 306.128; Deposits 1104.064, Non-deposit borrowings 788.554, Common stock $10.534, Surplus $124.39; Income Statement: Interest Income 390.424, Interest expense 187.82, Noninterest income 48.494, Noninterest expense 98.056, Provision for loan losses 59.733, Securities gains (losses if negative) 4.887, Taxes 48.836. What is Castle State Bank's ROE? Decimalize your answers, round to four decimals. E.g., if your answer is...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT