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You know the following information about the Miller State Bank (in $ mln): Gross loans $280.066, Deposits $402.197, Undivided profits $28.16, Common stock par $5.43,
You know the following information about the Miller State Bank (in $ mln): Gross loans $280.066, Deposits $402.197, Undivided profits $28.16, Common stock par $5.43, Non-deposit borrowings $55.723, Investment securities $155.595, Net premises $37.354, Surplus $14.526, Allowance for loan losses $23.75, Gross premises $69.686. Given this information, what is the bank's total equity, to the nearest $0.001 million? E.g. if your answer is $55.6755 million, record it as 55.676.
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