A bank has the following assets

$25 mm C&J loans interest rate = base rate = short term treasury (currently 0%) + 1% credit spread

$75mm of 30-year treasuries yielding 2%

its liabilities are

$10 million equity capital + $80 mm 1 year insured CDs playing 0% + $10 mm 2 years uninsured CD's paying 1%.

what is its net income assuming no taxes? Please enter your answer in $ million, so if your answer is $1.22 mm. enter the number 1.22.