The financial statements for X National Bank are shown below.

Assets

Cash and due from banks $ 900

Investments 3,136

Federal funds sold 1,664

Loans (less loss of $ 2,400) 9,120

Premises 780

Total Assets $ 15,600

Liabilities and Equity

Demand deposits $ 5,000

Small time deposits 4,060

Jumbo CDs 4,680

Federal funds purchased 312

Equity 1,548

Total Liabilities and Equity $ 15,600

Income Statement

Interest income $ 1,150

Interest expense 475

Provision for loan losses 100

Noninterest income 200

Noninterest expense 400

Taxes 60

What is the total operating income ?

Calculate the asset utilization ratio.