Consider a bank with the following balance sheet. You read in the local newspaper that the banks return on assets (ROA) was 1.5 percent. What were the banks after-tax profits?

Bank Balance Sheet
(in thousands)
Assets		Liabilities
Reserves	$200	Deposits	$2,000
Loans	$950	Borrowing	$0
Securities	$950	Bank Capital	$100

The bank's after-tax profits: $ _______