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Written Assignment - Financial Statement Analysis
Based on the balance sheet and income statement provided for ABC Bank below, calculate the requested analysis values.
Balance Sheet (in millions)
Assets
Liabilities and Equity
Cash and due from banks
$ 5,000
Demand deposits
$ 18,000
Investment securities
25,000
NOW accounts
46,000
Repurchase agreements
32,000
Retail CDs
12,000
Loans (adjusted for losses)
36,000
Debentures
9,000
Fixed assets
Total liabilities
$ 85,000
Other assets
5,000
Common stock
15,000
Total assets
$ 115,000
Paid-in capital
10,000
Retained earnings
Total liabilities and equity
Income Statement (in millions)
Interest on fees and loans
$ 6,000
Interest on investment securities
3,000
Interest on repurchase agreements
4,000
Interest on deposits in banks
2,000
Total interest income
$ 15,000
Interest on debentures
Total interest expense
$ 8,000
Net interest income
7,000
Provision for loan losses
Noninterest income
Noninterest expenses
1,000
Income before taxes
$ 7,000
Taxes
Net income
$ 2,000
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