What is castle state bank equity multiplier

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Reference no: EM132059772

Following data pertains to Castle State Bank. Balance Sheet: Cash 98.579, Securities 611.905, Net loans 1213.969, Net premises 292.289; Deposits 1095.711, Non-deposit borrowings 811.834, Common stock $10.629, Surplus $120.083; Income Statement: Interest Income 400.194, Interest expense 191.801, Noninterest income 49.429, Noninterest expense 102.605, Provision for loan losses 61.77, Securities gains (losses if negative) 7.563, Taxes 45.788. What is Castle State Bank's equity multiplier? Decimalize your answer, round to two decimals. E.g., if your answer is 10.445, record it as10.45. Note: Undivided profits is the only item missing above; it is the item that would balance the balance sheet.

Reference no: EM132059772

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