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  • Kdouy Mae A Chaeb

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    Yean Soramy
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    The income statement shows the bank earned $3.3 million in total interest income and $1.6 million in total interest expense, resulting in $1.7 million in net interest income. Total non-interest income was $506,527 while total non-interest expense was $1.5 million, resulting in a net non-interest loss of $1 million. After provisions for loan losses of $222,000 and taxes of $400,000, the bank reported net income of $49,256. The balance sheet lists the bank's total assets as $41.2 million, including $24.1 million in net loans and leases. Total liabilities were $38.2 million, including

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    The income statement shows the bank earned $3.3 million in total interest income and $1.6 million in total interest expense, resulting in $1.7 million in net interest income. Total non-interest income was $506,527 while total non-interest expense was $1.5 million, resulting in a net non-interest loss of $1 million. After provisions for loan losses of $222,000 and taxes of $400,000, the bank reported net income of $49,256. The balance sheet lists the bank's total assets as $41.2 million, including $24.1 million in net loans and leases. Total liabilities were $38.2 million, including

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    © All Rights Reserved
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    25 views2 pages

    Kdouy Mae A Chaeb

    Uploaded by

    Yean Soramy
    The income statement shows the bank earned $3.3 million in total interest income and $1.6 million in total interest expense, resulting in $1.7 million in net interest income. Total non-interest income was $506,527 while total non-interest expense was $1.5 million, resulting in a net non-interest loss of $1 million. After provisions for loan losses of $222,000 and taxes of $400,000, the bank reported net income of $49,256. The balance sheet lists the bank's total assets as $41.2 million, including $24.1 million in net loans and leases. Total liabilities were $38.2 million, including

    Copyright:

    © All Rights Reserved
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    of 2

    4.

    Income Statement

    Domestic office loan revenues 2,368,736.00


    Foreign office loan revenues 5,290.00
    Income from interest earned on balances due from depository
    70,073.00
    institutions
    Interest and dividend income on securities 755,715.00
    Interest income from trading-account securities 8,696.00
    Interest income from federal funds sold and repurchase agreement 91,362.00
    Income from lease financing receivables 15,269.00

    Total interest income 3,315,141.00

    Interest on domestic office deposits 1,585,024.00


    Interest on foreign office deposits 15,710.00
    Interest on demand notes issued to the U.S. Treasury and other
    23,613.00
    borrowing
    Interest on subordinated notes and debentures 6,694.00
    Interest on mortgage indebtedness and other obligation 3,811.00
    Total interest expense 1,634,852.00

    Net interest income 1,680,289.00

    Service charges on deposit accounts 179,680.00


    Other non-interest income 326,847.00
    Total non-interest income 506,527.00

    Expense of federal funds purchased and reverse repurchase


    175,624.00
    agreement
    Salaries and employee benefits 619,207.00
    Expense of premises and fixed assets 187,676.00
    Other non-interest expense 538,125.00
    Total non-interest expense 1,520,632.00

    Net non-interest income (1,014,105.00)

    Provisions for loan and lease losses and allocated transfer risk 221,967.00

    Pretax operating income 444,217.00


    Applicable income taxes 399,806.00
    Income before extraodinary items 44,411.00

    Securities gain (or losses), net of taxes 4,845.00

    Net income after taxes 49,256.00


    Balance Sheet
    Assets:
    Cash and due from depository institutions 3,992.00
    Securities 9,837.00
    Federal funds sold and repurchase agreements 1,359.00

    Commercial and industrial loan 6,372.00


    Real estated loans 9,544.00
    Loan to financial institution 406.00
    Agricultural production loan 246.00
    Lease financing receivables 147.00
    Credit cards and related plans 790.00
    Other loans to individuals 5,032.00
    All other loans 2,258.00

    Loans and leases, gross 24,795.00


    Plus: Allowance for loan losses 361.00
    Plus: Unearned income 368.00
    Loans and leases, net 24,066.00

    Premises and fixed assets 648.00


    Other real esate owned 89.00
    Intangible assets 86.00
    All other assets 1,087.00

    Total Assets 41,164.00

    Liabilities:
    Interest-bearing deposits 27,486.00
    Non-interest-bearing deposits 6,569.00
    Federal funds purchased and reverse repurchase agreement 2,757.00

    Demand notes issued to U.S. Treasury and other borrowing 439.00


    Mortgage indebtedness 45.00
    Subordinated notes and debentures 116.00
    All other liabilities 756.00

    Total liabilities 38,168.00

    Stockholder's Equity:
    Common stock 414.00
    Perpetual preferred Stock 12.00
    Surplus 758.00
    Undivided profit 1,812.00
    Total Equity 2,996.00

    Total Liabilities and Shareholder's Equity 41,164.00

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