question archive A bank which starts with ALL of $1
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A bank which starts with ALL of $1.84 million at the beginning of the year, charges off worthless loans of 50.56 million during the year, recovers $0.16 million on loans previously charged off and charges current income for a $1.42 million provision for loan losses, will have an ALL at the end of the year of $ ___ million. Answer: ______ million
A bank's Report of Condition shows gross loans and leases of $1.300 million. The loan loss allowance for the year is accumulated to $30 million and the bank reports an unearned income amounting to $6 million. The net loans and leases accounted by the bank would be million Answer: $ million
A bank has total interest income of $71 million and total noninterest income of $15 million. This bank has total interest expenses of $40 million and total noninterest expenses (excluding PLL) of $23 million. Its provision for loan losses is $4 million and its taxes are $3 million. What is this bank's net noninterest income? Answer: $ million
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