As the category implies, other items are a group of important miscellaneous items. First, you need to supply information on any unusual and/or infrequent non-interest income and expenses. These unusual items affect two areas. First, overhead is a piece of the Fair Value calculation and if identified, we can back unusual items out of the overhead piece. Secondly, we do not want to forecast income or expenses that will not reoccur.
We can also calculate earnings per share, common dividend per share and book value per share if we have an ACTUAL number of shares outstanding. (Please note that this is the only number on the Service Kit that is NOT stated in 000's.)
The State Tax Rate varies widely across the country; we use a default State Tax Rate of 0%.
The call report combines the average balance and expense information for Repos with Fed Funds Purchased. Although the rates on both instruments have been very similar in the past, those days are gone and we have seen rate differences of over 100 basis points. Please provide the QUARTERLY Repo expense, End-Of-Period balance and average balance so that we can model Repos separately from Fed Funds.