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Over the last year, Karstile Bank reported non-interest income of $108,000, non-interest expenses of $317,000, and net interest income of $345,000. What is the bank's

Over the last year, Karstile Bank reported non-interest income of $108,000, non-interest expenses of $317,000, and net interest income of $345,000. What is the bank's efficiency ratio? Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%)

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