The following information is for AmBank. The ECR reflects the relationship of each account's rate to the prime rate. Rate Sensitive Assets 1-year Balance Sheet GAP ECR Loans 82% Securities 67% $55,120,000 $28,615,000 Rate Sensitive Liabilities MMDAS $41,640,000 NOWS $37,260,000 CDs >= $100,000 $20,975,000 Using this information, how much will NII change if the prime rate rises 1%? 34% 90% 85%

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...
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The following information is for AmBank. The ECR reflects the relationship of
each account's rate to the prime rate.
Rate Sensitive Assets
1-year Balance Sheet GAP ECR
Loans
$55,120,000
82%
Securities
$28,615,000
67%
Rate Sensitive Liabilities
MMDAS
$41,640,000
34%
NOWS
$37,260,000
90%
CDs >= $100,000
$20,975,000
85%
Using this information, how much will NII change if the prime rate rises 1%?
Transcribed Image Text:The following information is for AmBank. The ECR reflects the relationship of each account's rate to the prime rate. Rate Sensitive Assets 1-year Balance Sheet GAP ECR Loans $55,120,000 82% Securities $28,615,000 67% Rate Sensitive Liabilities MMDAS $41,640,000 34% NOWS $37,260,000 90% CDs >= $100,000 $20,975,000 85% Using this information, how much will NII change if the prime rate rises 1%?
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