Along with the Report of Condition submitted above, Jasper has also

prepared a Report of Income for the FDIC. Please fill in the missing items
from its statement shown below (all figures in millions of dollars):

Report of Income
$
Total Interest Income 200
Total Interest Expense 140
Net Interest Income 60

Provision for loan and lease losses 20

Total noninterest income 100

Fiduciary activities 20
Service charges on deposit accounts 25
Trading account gains and fees 25
Additional noninterest income 30
Total non-interest expense 125
Salaries and employee benefits 95
Premises and equipment benefits 10
Additional noninterest expense 20
Pretax net operating income 15
Securities gains (losses) 5
Applicable income taxes 3

Income before extraordinary items 17

Extraordinary gains -net 2

Net Income 19
* Total Interest Expense = Total Interest Income - Net Interest Income

* Provision for Loan and Lease Losses = Net Interest Income +

(( Total Noninterest Income - Total Noninterest Expense) - Pretax
Net Operating Income )
60 + ((100-125)-15)

*100-75

*125-30

* Income before extraordinary items= ((Pretax Net operating

Income - Tax) + Securities gains and losses

20 - 3

* Net Income = Income Before Extraordinary Income +

Extraordinary Gains – Net
 $
Total Interest Income 140
Total Interest Expenses 100
Total Noninterest Income 75
Total Noninterest Expenses 90

Missing figures:

Net Intrest Income $ 40.00

Net non-interest Income $ (15.00)
Pretax net operating Income $ 20.00
Net Income after taxes $ 16.00
Total Operating Revenue $ 215.00
Total Operting Expenses $ 195.00
Divindends paid to common stock holders $ 10.00
 $
Provision for Loan Loss 5
Income Taxes 4
Increases in bank’s undivided profits 6

*Total Interest Income - Total Interest Expense

*Total Noninterest Income - Total Noninterest Expense
*(Net Interest Income + Net Noninterest Income) - PLL
*Pretax net operating income - Income Taxes
*Interest Income + Noninterest Income
*Interest Expenses + Noninterest Expenses + PLL
* Net Income After Taxes - Increases in bank’s undivided profits