You are given with the following information for Icon Bank for March 31, 2019-

Checking A/C deposits - $1,100,000

Savings Account deposits - $250,000

CD Account Deposits - $400,000

Home Loans provided to customers by Icon Bank- $850,000

Commercial Loans to businesses by Icon Bank - $1,500,000

Icon Bank has a checking account with Fed and the balance is $100,000

Icon bank has $65,000 in cash vault

Icon bank owns a building valued at $2,400,000

This building that Icon Bank owns has a loan balance of $1,500,000

Value of ATM machine and other equipment they own - $50,000

What is the net worth or equity of the bank?

a.

$1,500,000

b.

$1,815,000

c.

$1,665,000

d.

$1,000,000