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 $ $6,4000$

Investment securities $26,0009$

Repurchase agreements $16,0007$

Loans less allowance for losses $84,00011$

Fixed assets $14,0000$

Other earning assets $4,60010$

Total assets $ $151,000$

Liabilities and Equity Rate Paid $(\%)$

Demand deposits $ $13,0000$

NOW accounts $73,0006$

Retail CDs $22,0008$

Subordinated debentures $18,0009$

Total liabilities $126,000$

Common stock $14,000$

Paid$-$in capital surplus $3,400$

Retained earnings $7,600$

Total liabilities and equity $ $151,000$

If the bank earns $$124,000$ in noninterest income, incurs $$84,000$ in noninterest expenses, and pays $$2,540,000$ in taxes, what is its net income? $($Enter your answer in dollars, not thousands of dollars.$)$