Community 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	$?7,900	0
Investment securities	29,600	1.50
Repurchase agreements	15,960	1.15
Loans less allowance for losses	106,400	7.25
Fixed assets	13,500	0
Other assets	??5,320	0
Total assets	$178,680
Liabilities and Equity		Rate Paid (%)
Demand deposits	$?27,490	0
NOW accounts	90,700	0.50
Retail CDs	23,940	1.20
Subordinated debentures	?15,000	5.50
Total liabilities	157,130
Common stock	5,000
Paid-in capital surplus	5,000
Retained earnings	?11,550
Total liabilities and equity	$178,680

If the bank earns $159,000 in noninterest income, incurs $306,000 in noninterest expenses, and pays $3,320,000 in taxes, what is its net income? (Please show work)