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Categorize each of items from farmers state bank

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Reference no: EM132519109

Farmers State Bank of Mumford is currently assessing interest rate risk. The information compiled includes the following items:

Fixed-rate loans maturing in 6 months                                  5,000,000

Fixed-rate loans maturing in 12 months                              12,000,000

All other fixed-rate loans                                                  75,000,000

Fixed rate securities maturing in 6 months                             15,000,000

Fixed rate securities maturing in 12 months                           12,000,000

All other fixed-rate securities                                              5,000,000

Variable rate loans maturing in 6 months                               12,500,000

Variable rate loans maturing in 12 months                              32,500,000

All other variable-rate loans                                               45,000,000

Federal funds sold                                                         66,000,000

NOW accounts                                                            35,000,000

Money Market Deposit Accounts (MMDA)                          15,000,000

Federal funds purchased                                               10,000,000

Passbook savings accounts                                            750,000

3 month certificates of deposit (CDs)                               46,000,000

6 month certificates of deposit (CDs)                               69,000,000

1 year certificates of deposit (CDs)                                    27,600,000

5 year certificates of deposit (CDs)                                    41,400,000

  • All variable rate loans at Farmers State Bank are repriced at the beginning of each month. Federal funds sold and purchased are repriced daily. Interest rates on passbook savings accounts can change once a year. Interest rates on NOW and MMDA accounts change daily.

Question 1. Categorize each of the items from Farmers State Bank into assets and liabilities. Circle the assets.

Reference no: EM132519109

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