You are working on the analysis of a bank and collected information from the banks income statement and balance sheet (current values - below). The tax rate for the bank is 25%.

Annual Income Statement and Balance Sheet Data for Bank (Amounts in $ Thousands)

Total interest income: 625,000

Total interest expense: 54,000

Provision for loan and lease losses: 37,000

Total noninterest income: 120,000

Total noninterest expense: 406,000

Extraordinary gains (losses), net: 0

Total Assets: 19,500,000

Total Liabilities: 17,160,000

Using the information above, determine the return on equity (ROE) for the bank.

Group of answer choices

7.4%.

1.0%.

7.9%.

10.3%

10.6%.