Xander Bank has 100 loans, each for $1,000,000. The loans are 100% funded with deposits. The Yield on the Loans is 6%, the Cost of Funds is 3% and therefore the Spread is 3%. Non-Interest Income (also known as Fees) equals 18% of annual Interest Income. Non-Interest Expense (also known as Overhead) equals 24% of annual Interest Income. The Tax Rate is 20%. Calculate the bank's ROA if 99% of the bank's loans are collectible. For the uncollectible loans, assume the interest is paid but the principal is not. Show your answer as a percentage rounded to two places (for example, .012345 should be entered as 1.23%)