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The Bank Balance Sheet - the creditors(liabilities and...

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The Balance Sheet
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Components of the Balance Sheet
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As the name implies, a balance sheet is a list of asset, liability and equity balances. The totals for these balances satisfy the balance sheet identity: assets = liabilities + net worth (see the table below). Using this identity, the reader can tell at a glance that the resources of this bank, or assets, equal $100,000 and that these assets are being funded by two sources: $90,000 by
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Unformatted text preview: the creditors (liabilities) and $10,000 by the shareholders (owners’) equity. Small Bank Balance Sheet December 31, 2003 Assets Liabilities Cash $ 4,000 Deposits (Demand, savings, etc.) $ 70,000 Investments 22,000 Federal Funds Purchased Federal Funds Sold 3,000 Subordinated Debt 3,000 Loans 65,000 Other Liabilities 17,000 Less Reserves (2,000)...
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