Q#$1$

Consider the financial statement of BTW bank:

If the bank earns $$140,000$ in non$-$interest income, incurs $$195,000$ in non$-$interest

expense, and pays $$280,000$ in taxes, what is its net income? $($notice that the numbers on

the balance sheet are in thousand dollars while non$-$interest income, non$-$interest expense

and taxes are the actual amounts.$)$

I think Net Income $($or NI$)$ is:

NI $=[$Interest Revenue $-$ Interest Expense $-$ Provision for Loan Loss $+($Non$-$interest income $-$ Non$-$interest Expense$)]-$ Taxes

But I$\text{'}$m unsure. Please double check the equation.

Thank you!