For the next three questions, consider the bank financial statements, above.

Question 1 (1 point)

Use the bank balance sheet and the income data above to calculate the net interest margin for this bank. Be sure to express your answer with two digits to the right of the decimal point as in xx.xx% or x.xx%.

252 3948 2772 Assets Vault Cash Deposits at FRB Marketable Securities Commercial Loans Consumer Loans Real Estate Loans Premises 84 504 2352 588 420 4200 Liabilities and Equity Demand Deposits Time deposits Purchase Funds Sub Debs 336 Preferred Stock 84 Common Stock 1008 Total Regulatory Capital 304 252 1428 8400 8400 588 378 Interest Income Interest Expenditure Other Income Other Expenses 84 58.8