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You know the following information about the Miller State Bank (in $ mln): Gross loans $270.85, Miscellaneous assets $50.011, Deposits $314.648, Common stock par $4.029,
You know the following information about the Miller State Bank (in $ mln): Gross loans $270.85, Miscellaneous assets $50.011, Deposits $314.648, Common stock par $4.029, Non-deposit borrowings $56.473, Investment securities $146.348, Net premises $41.514, Surplus $4.05, Allowance for loan losses $8.391, Gross premises $69.106. Given this information, what is the value of net loans, to the nearest $0.001 million? E.g. if your answer is $254.6755 million, record it as 254.676.
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