Reference no: EM131965791

Given the following items, what is net interest income? Item Amount Interest paid on time deposits under $100,000 $78,002 Interest paid on jumbo CDs $101,000 Interest received on U.S. Treasury and agency securities $44,500 Fees received on mortgage originations $23,000 Dividends paid to stockholders of $0.50 per share for 5,000 shares $2,500 Provision for loan losses $18,000 Interest and fees on loans $189,700 Interest paid on interest checking accounts $33,500 Interest received on municipal bonds $60,000 Employee salaries and benefits $145,000 Purchase of a new computer system (assume included in occupancy expense) $50,000 Service charge receipts from customer accounts $41,000 Occupancy expense for bank building $22,000 Trust department income $15,000 Assume taxes of 34% of taxable income are paid if taxable income. Otherwise, receive a tax benefit. $294,200 $81,698 $212,502 $122,698 $-6,302