The data on the next page are taken from the 2013 annual report which reported 812 million in NII before provisions and 26.3 billion in average assets in 2013...

1.) what were the banks spread and NIM (net interest margin) in 2013 ? why do the two differ?

TABLE 4 (continued) 2013 (dollars irn thousands) Net interest income/ margin Less Taxable-equivalent adjustment NET INTEREST INCOME, ACTUAL Yiel Balance Interest Rat 812,376 3.40' Average 2,184 810,192 (1)Average loans are shown net of deferred fees and costs. Non-performing loans are included (2)Interest income includes loan fees as follows: 2013-$25.6 million, 2012-$19.8 million, and 2011-$17.3 million (3) Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 35%, adjusting interest on tax-exempt loans and investment securities to a taxable-equivalent basis. (4)Includes average net unrealized gains on investment securities available for sale of $12.0 million, $66.3 million, and $98.6 million for the years ended December 31, 2013, 2012, and 2011, respectively