In addition to the bank balance sheet information shown below, the bank also has an Allowance for Loan Losses (ALL) of $20. The preferred stock shown is qualifying noncummulative perpetual preferred stock. Under the current Basel III compliant U.S. PCA rules (not the old rules), which exact PCA capitalization class (capital adequacy level) does this bank currently possess and why? Show all necessary ratio calculations in order to receive proper credit.

Assets	Amount		Liabilities and Equity	Amount
Cash	140		Non-interest deposits	300
Securities			NOW checking	300
U.S. Treasuries	310		MMDA	600
Fannie Mae (FNMA) MBS	120		CDs	480
Loans (net)			Fed Funds purchased	220
Home mortgage loans	430		Subordinated debt capital	10
Commercial loans	1000		Preferred stock, perpetual	10
Fed funds sold	0		Common equity	80
	$2,000			$2,000