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

Balance Sheet $($in thousands$)$

Assets Rate Earned $(\%)$

Cash and due from banks $ $8,0000$

Investment securities $42,0008$

Repurchase agreements $32,0006$

Loans less allowance for losses $100,00010$

Fixed assets $30,0000$

Other earning assets $5,0009$

Total assets $ $217,000$

Liabilities and Equity Rate Paid $(\%)$

Demand deposits $ $18,0000$

NOW accounts $89,0005$

Retail CDs $38,0007$

Subordinated debentures $34,0008$

Total liabilities $179,000$

Common stock $23,000$

Paid$-$in capital surplus $5,000$

Retained earnings $10,000$

Total liabilities and equity $ $217,000$

If the bank earns $$140,000$ in noninterest income, incurs $$100,000$ in noninterest expenses, and pays $$2,700,000$ in taxes, what is its net income?