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You know the following information about the Miller State Bank (in $ mln): Gross loans $315.517, Deposits $407.795, Total equity $54.142, Common stock par $5.564, Non-deposit borrowings $64.74, Investment securities $157.153, Net premises $40.576, Surplus $12.929, Allowance for loan losses $11.981, Gross premises $70.23. Given this information, what is the bank’s undivided profits, to the nearest $0.001 million? E.g. if your answer is $25.6755 million, record it as 25.676.

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Financial Management, Finance

Category:- Financial Management
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