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Check my work 3 Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its liabilities. Balance Sheet (in
Check my work 3 Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its liabilities. Balance Sheet (in thousands) Assets Rate Earned (%) Cash and due from banks Investment securities Repurchase agreements Loans less allowance for losses Fixed assets Other earning assets Total assets $ 7,600 38,000 28,000 96,000 26,000 4,000 $199,600 10 10 Skipped Liabilities and Equity Rate Paid () eBook Demand deposits NOW accounts Retail CDs Subordinated debentures Total liabilities Common stock Paid-in capital surplus Retained earnings Total liabilities and equity 14,000 85,000 34,000 30,000 163,000 19,000 4,600 Print $199,600 If the bank earns $136,000 in noninterest income, incurs $96,000 in noninterest expenses, and pays $2,660,000 in taxes, what is its net income? (Enter your answer in dollars, not thousands of dollars.) Net income
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