Question: Based on the data below, compute the banks Net Income. Allowance for loan losses, 1 Jan 2020 40 Deposits 1200 Fee income 20 Loans 1000

Based on the data below, compute the banks Net Income.

Allowance for loan losses, 1 Jan 2020 40

Deposits 1200

Fee income 20

Loans 1000

Net interest income 80

Profit before provision 100

Allowance for loan losses, 31 Dec 2020 30

Select one:

110

0

100

70

2470

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