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	$	6,100				0
Investment securities		23,000				9
Repurchase agreements		13,000				7
Loans less allowance for losses		81,000				11
Fixed assets		11,000				0
Other earning assets		3,900				10
Total assets	$	138,000
Liabilities and Equity					Rate Paid (%)
Demand deposits	$	10,000				0
NOW accounts		70,000				6
Retail CDs		19,000				8
Subordinated debentures		15,000				9
Total liabilities		114,000
Common stock		11,000
Paid-in capital surplus		3,100
Retained earnings		9,900
Total liabilities and equity	$	138,000

If the bank earns $121,000 in noninterest income, incurs $81,000 in noninterest expenses, and pays $2,510,000 in taxes, what is its net income? (Enter your answer in dollars, not thousands of dollars.)