The Following Is the Balance Sheet of Victoria Bank

The following is the balance sheet of Victoria Bank. The average maturity of demand deposits is estimated at 2 years. What is the impact on net interest income in year two if interest rates increase by 50 basis points at the end of year one? Ignore runoffs.

A) +$0.210 million.
B) +$0.300 million.
C) -$0.300 million.
D) -$0.210 million.
E) +$0.600 million.