Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its liabilities.

$\backslash$table$[[$Balance Sheet $($in thousands$)],[$Assets$,,$Rate Earned $(\%)],[$Cash and due from banks,$ $7,100,0],[$Investment securities$,33,000,7],[$Repurchase agreements,$23,000,5],[$Loans less allowance for losses,$91,000,9],[$Fixed assets,$21,000,0],[$Other earning assets,$4,500,8],[$Total assets,$$179,600,],[$Liabilities and Equity,,Rate Paid $(\%)],[$Demand deposits,$ $9,000,0],[$NOW accounts,$80,000,4],[$Retail CDs$,29,000,6],[$Subordinated debentures,$25,000,7],[$Common stock,$143,000,],[$Paid$-$in capital surplus,$21,000,],[$Retained earnings,$4,100,],[$Retained earnings,$11,500,],[$Total liabilities and equity,$$179,600,]]$

If the bank earns $$131,000$ in noninterest income, incurs $$91,000$ in noninterest expenses, and pays $$2,610,000$ in taxes, what is its net income? $($Enter your answer in dollars, not thousands of dollars.$)$

Net income