Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its liabilities. Balance Sheet (in thousands) Assets Cash and due from banks Investment securities Repurchase agreements Loans less allowance for losses Fixed assets Other earning assets Liabilities and Equity Rate Earned (1) $ 7,900 41,000 31,000 99,000 29,000 5,000 $ 212,900 Rate Paid (4) 0 Total assets Demand deposits NOW accounts Retail CDs Total liabilities Common stock Subordinated debentures Paid-in capital surplus Retained earnings Total liabilities and equity $ 17,000 88,000. 37,000 33,000 175,000 22,000 4,900 11,000 $ 212,900 If the bank earns $139,000 in noninterest income, incurs $99,000 in noninterest expenses, and pays $2,690,000 in taxes, what is its net income? (Enter your answer in dollars, not thousands of dollars.) Net income