Consider a bank with the following balance sheet. You read in the local newspaper that the banks return on assets (ROA) was 3 percent. What were the banks after-tax profits?

Bank Balance Sheet
(in thousands)
Assets		Liabilities and Capital
Reserves	$100	Deposits	$1,000
Loans	$1,000	Borrowing	$0
Securities	$900	Bank Capital	$1,000

The bank's after-tax profits: $ thousands