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Following is the data of Community Bank's Total Liabilities: Bank Liabilities 5000 Jumbo CDs Time deposits 20000 3000 Hot Money Common stock 16500 5000 Surplus Treasury Stocks -2000 Retained Earnings 12,087 Using above data what is the total amount of the bank's Tier 1 capital, if net worth of bank's goodwill is $1,061?
Following is the data of Community Bank's Total Liabilities: Bank Liabilities 5000 Jumbo CDs Time deposits 20000 3000 Hot Money Common stock 16500 5000 Surplus Treasury Stocks -2000 Retained Earnings 12,087 Using above data what is the total amount of the bank's Tier 1 capital, if net worth of bank's goodwill is $1,061?
Expert Solution
Shareholder's Equity (Common Stock) + Surplus = 16,500 + 5,000 = 21,500
Retained Earnings = 12,087
Net Worth of Bank's Goodwill = 1,061
Bank's Tier-1 Capital = Shareholder's Equity +Surplus + Retained Earnings - Bank's Goodwill
= 16,500 + 5,000 + 12,087 - 1061
= $ 32,526
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