You have been given the following limited information about a different bank, UWM National Bank. Please calculate the equity ratio in percentage terms to the second decimal place, after there is a $5 million loan that is declared worthless. Assume that this does not impact the allowance for loan and lease losses and that the bank operates in an area that has no taxes (Nirvana, right?)

Balance Sheet Category	Balance Sheet Value ($s in millions)
Total Gross Loans	$500
Total Investment Securities	$150
Total Allowance for Loan and Lease Losses	-$5
Cash and Reserves	$100
Total Assets	$750
Deposits	$550
Equity	$45
Total Intangibles	$10