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You know the following information about the Davis National Bank (in $ mln): Interest expense $470.077, Noninterest income $90.565, Securities gains $5.404, Income taxes $50.492,
You know the following information about the Davis National Bank (in $ mln): Interest expense $470.077, Noninterest income $90.565, Securities gains $5.404, Income taxes $50.492, Dividends paid $30.58, Interest income $835.679, Noninterest expense (excluding PLL) $142.231, Provision for loan losses $29.179, Extraordinary gains 3.064. Given this information, what is the increase in undivided profits, to the nearest $0.001 million? E.g. if your answer is $24.6755 million, record it as 24.676.
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