A bank has total interest income of $71 million and total noninterest income of $15 million. This bank has total interest expenses of 540 million and total noninterest expenses (excluding PLL) of 523 million. Its provision for loan losses is $4 million and its taxes are $3 million. What is this bank's net interest income? Answer:$____ million
A banks Report of Condition shows gross loans and leases of $1,400 million. The loan loss allowance for the year is accumulated to 540 million and the bank reports an unearned income amounting to $4 million. The net loans and leases accounted by the bank would be million Answer: 5 ____ million

Interest Income of the Bank = $71 Million

Interest Expenses of Bank = $40 Million

As we Know, net interest income is the excess of interest income earned over the interest expended in the same period. Thus,

Bank's Net Interest Income = Interest Income - Interest Expenses

Bank's Net Interest Income = 71 - 40

Bank's Net Interest Income = $31 Million

Thus, bank's net interest income should be $31 million.

Gross Loans and Leases = $1,400 Million

Accumulated Loan Allowance = $40 Million

Unearned Income = $4 Million

As we know, that net loans and leases would be gross loans and leases minus accumulated loan allowance and unearned income. Thus,

Net Loans and Leases = Gross Loans and Leases - Unearned Income - Accumulated Loan Loss Allowance

Net Loans and Leases = 1,400 - 4 - 40

Net Loans and Leases = $1,356 Million

Thus, net loans and leases would be $1,356 million.