Accounting Statement for McEttrick National Bank
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The following statistics from the annual report of McEttrick National Bank:
2004 2003
Avg. loans $16,000,000 $13,200,000
Avg. total assets 26,000,000 22,000,000
Avg. total deposits 24,000,000 20,000,000
Avg. total capital 1,850,000 1,600,000
Interest expenses 1,615,000 1,512,250
Interest income 1,750,000 1,650,000
Required
a) Calculate the total deposits times capital for each year
b) Calculate the loans to total deposits for each year
c) Calculate the capital funds to total assets for each year
d) Calculate the interest margin to average total assets for each year
e) Comment on any trends found in the calculations (a) through (d)
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Solution Summary
A calculation and completion of the accounting statement for McEttrick National Bank
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