Financials Assignment
February 19th, 2020
The following information is for Wall Street Holdings, the smallest bank holding company in North Dakota. (Bank holding company ID: 1966215. You can look it up at the FDIC.)
| Wall Street Holdings, Hamilton, ND | |||||
| Report of Condition (x$1,000) | Report of Income (x$1,000) | ||||
| Item | 2012 | 2011 | Item | 2012 | 2011 |
| Cash | 10,357 | 10,489 | Interest Income | 409 | 391 |
| Securities | 3,329 | 2,671 | Interest Expense | 21 | 28 |
| Fed. Funds Sold | 3,800 | 2,500 | PLL | 0 | 0 |
| Net Loans | 3,717 | 3,377 | Non-Interest Income | 32 | 44 |
| Loan Loss Allowance | 103 | 115 | Non-Interest Expense | 339 | 372 |
| All Other Assets | 137 | 107 | Earnings Before Taxes | 81 | 35 |
| Total Assets | 21,340 | 19,144 | Taxes | 12 | 5 |
| Deposits | 18,753 | 16,732 | NI | 69 | 30 |
| Other Liabilities | 75 | 38 | Dividends | 0 | 0 |
| Equity | 2,512 | 2,374 | Net Charge Offs | 12 | -2 |
Based on this information, answer the following questions about Wall Street’s financials.
- According to asset-based liquidity ratios, Wall Street is: [5 pts]
- Extremely less liquid than a typical bank.
- Somewhat less liquid than a typical bank.
- Somewhat more liquid than a typical bank.
- Extremely more liquid relative to typical banks.
- What was Wall Street’s Net Overhead Expense Ratio in 2012? [5 pts]
- $307 (x$1,000).
- 0.38%.
- 1.44%.
- 1.82%.
- According to the 2012 Retention Ratio and ROE, what is the internal growth rate of Wall Street’s equity capital (everything based on end-of-year numbers)? [5 pts]
- 0.00%
- 0.32%
- 2.27%
- 2.75%. Get Finance homework help today
