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Gladys Bank and Trust has $365 milion in consumer loans with an average interest rate of 7.30 percent. The bank also has $245 milion in

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Gladys Bank and Trust has $365 milion in consumer loans with an average interest rate of 7.30 percent. The bank also has $245 milion in home equity loans with an average interest rate of 5 percent. Finalily, the company owns $65 million in government securities with an average rate of 3 percent. Managers at Gladys Bank and Trust estimate that next year its consumer loan portfolio will fall to $325 million and the interest rate will increase to 8.80 percent. They also estimate that its home equity loans will increase to $285 million with an average interest rate of 7 percent and its government securities portfolio will increase to $80 milion with an average rate of 7.00 percent. Required: Estimate the revenues for the coming year for Gladys Bank and Trust: Note: Enter your onswer in thousands of dollars

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