From the supplemental financial statement information below, calculate the e overhead efficiency.

The financial statements below are to be used for the problems dealing with the bank financial ratios.

BALANCE SHEET

ASSETS

Cash $760,000,000

Securities 1,800,000,000

Net Loans 5,200,000,000

Other 975,000,000

Total assets $8,735,000,000

LIABILITIES and EQUITY

Deposits $6,875,000,000

Other borrowing 997,000,000

Equity 863,000,000

Total liabilities & Equity $8,735,000,000

INCOME STATEMENT

Interest income on loans $375,000,000

Interest income on securities 95,000,000

Non-interest income 65,000,000

Total Operating income $535,000,000

Interest expense 215,000,000

Non-interest expense 112,000,000

Provision for loan loss 19,000,000

Income Taxes 75,000,000

Net income $114,000,000