Question

The financial statements for First National Bank (FNB) are shown below: Balance Sheet First National Bank...

The financial statements for First National Bank (FNB) are shown below:

Balance Sheet First National Bank

Assets

Liabilities and Equity

Cash

$ ?450

Demand deposits

$?5,510

Demand deposits from other FIs

1,350

Small time deposits

10,800

Investments

4,050

Jumbo CDs

3,200

Federal funds sold

2,025

Federal funds purchased

2,250

Loans

15,525

Equity

2,200

Reserve for loan losses

(1,125)

Premises

1,685

????

Total

????

Total assets

$23,960

liabilities/equity

$23,960

Income Statement First National Bank

-Interest income

$2,600

-Interest expense

1,650

-Provision for loan losses

180

-Noninterest income

140

-Noninterest expense

420

-Taxes

90

a. Calculate the dollar value of FNB's earning assets.

b. Calculate FNB's ROA.

c. Calculate FNB's asset utilization ratio.

d. Calculate FNB's spread.

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