Following data pertains to castle state bank balance sheet, Ask an Expert

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Following data pertains to Castle State Bank. Balance Sheet: Cash 98.785, Securities 597.396, Net loans 1180.092, Net premises 304.318; Deposits 1100.454, Non-deposit borrowings 815.753, Common stock $11.256, Surplus $126.402; Income Statement: Interest Income 405.793, Interest expense 216.087, Noninterest income 49.923, Noninterest expense 96.564, Provision for loan losses 58.052, Securities gains (losses if negative) 12.296, Taxes 49.39. What is Castle State Bank's equity multiplier? Decimalize your answer, round to two decimals. E.g., if your answer is 10.445, record it as10.45.

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