The fallowing irformation is for 5 miling Merchants National Barkc. Calculate net operating margin. Hints: Remember the following: Total aperating revenues - Tatal operating expenses - Pretax net operating income Pretax net aperating incame does not include twoes poid nar gains or losses from trading in securities. See Presentation 2.poce 69 : THE INCOME STATEMENT OR STATEMENT OF EARNINGS AND EXPENSES RREPORT OF INCOME Rewenues (financial utputs from maklng use of funds and ther resources to prodace and sell services) Interest income from lasns and security ireestments Noninterest income :fee income from miscelisneous scunces) Expenses (finandal inputs - the cost of acquiring funds and other resources needed for the sale of services) Interest paid on deposits Interest paid on nondepost borrowings Salaries and wroes lemployee comperestionl Overhead experee Provision for possble losn losses [allocations to reserves for loan losses] Miscelianesus expenses Protax met operating inceme (revenues - expenses listed above) Tawes Gains or losses from troding in securibes Net income [Pretax met operating income - taxes + securities gains - securities losses] 0.76 0.89% 0.998 1.04x The fallowing irformation is for 5 miling Merchants National Barkc. Calculate net operating margin. Hints: Remember the following: Total aperating revenues - Tatal operating expenses - Pretax net operating income Pretax net aperating incame does not include twoes poid nar gains or losses from trading in securities. See Presentation 2.poce 69 : THE INCOME STATEMENT OR STATEMENT OF EARNINGS AND EXPENSES RREPORT OF INCOME Rewenues (financial utputs from maklng use of funds and ther resources to prodace and sell services) Interest income from lasns and security ireestments Noninterest income :fee income from miscelisneous scunces) Expenses (finandal inputs - the cost of acquiring funds and other resources needed for the sale of services) Interest paid on deposits Interest paid on nondepost borrowings Salaries and wroes lemployee comperestionl Overhead experee Provision for possble losn losses [allocations to reserves for loan losses] Miscelianesus expenses Protax met operating inceme (revenues - expenses listed above) Tawes Gains or losses from troding in securibes Net income [Pretax met operating income - taxes + securities gains - securities losses] 0.76 0.89% 0.998 1.04x