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Smallville Bank has the following balance sheet, rates earned on their assets, and rates paid on their liabilities. Balance Sheet (in thousands) Assets Rate Earned

Smallville Bank has the following balance sheet, rates earned on their assets, and rates paid on their liabilities.
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Balance Sheet (in thousands) Assets Rate Earned (96) Liabilities and Equity Rate Paid (6) 0 7.000 10,000 0 4 2 Cash Investment securities Repurchase aggrements Loans less allowance for losses Fixed assets Other assets 2 12,000 90.000 3 5 10,000 55.000 20,000 11.000 96,000 10,000 0 Demand deposits NOW accounts Retail CDs Subordinated debentured Total liabilities Common stock Paid-in capital surplus Retained eamings Total liabilities and equity 10,000 1.000 3 Total assets 130.000 13.00 11.000 130.000 The bank earns $100,000 in noninterest income, incurs $70,000 in noninterest expenses, and pays $1.400.000 in taxes. Current period's allocation to the allowance for losses is 5600,000. Please construct Smallville Bank's income statement. Income Statement in thousands) Interest income Interest expense Net interest income Provision for loan losses Noninterest income Noninterest expense Income before Taxes and Extraordinary Items Income Taxes Net Incom

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