Castle State Bank has the following financial information.

Balance Sheet		Income Statement
Cash	$100	Interest Income	$400
Securities Investments	$600	Interest Expenses	($150)
Net Loans	$1200	Non-Interest Income	$50
Net Premises and Equip.	$300	Non-Interest Expenses	($100)
Total Assets	$2200	Provision for Loan Losses	($60)
Deposits	$1100	Pre Tax Net Operating Income	$140
Non-Deposit Borrowings *	$800	Securities Gains (Losses)	($40)
Equity Capital	$300	Taxes	($45)
Total Liabilities and Equity	$2200	Net Income	$55
* All Purchased Funds

Use this information to calculate Castle State Banks ROE

A) 20.45%

B) 18.33%

C) 12.22%

D) 7.33%

E) 2.5%

PLEASE WORK OUT