What all will the bank have at the end of the year

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Reference no: EM132057407

1. A bank has total interest income of $71.672 million and total noninterest income of $9.462 million. This bank has total interest expenses of $20.819 million and total noninterest expenses (excluding PLL) of $23.797 million. Its provision for loan losses is $1.307 million and its taxes are $4.829 million. What is this bank's net income, to the nearest $0.001 million? E.g. if your answer is $25.6755 million, record it as 25.676.

2. A bank starts with ALL of $2.247 million at the beginning of the year, charges off worthless loans of $0.435 million during the year, recovers $0.089 million on loans previously charged off, and charges current income for a $0.27 million provision for loan losses during the year. What ALL will the bank have at the end of the year, to the nearest $ 0.001 million? E.g. if your answer is $2.5755 million, record it as 2.576.

Reference no: EM132057407

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