A bank has total interest income of $67 million and total noninterest income of $14 million.This bank has total interest expenses of $35 million and total noninterest expenses (excluding PLL)of $28 million.Its provision for loan losses is $6 million and its taxes are $5.What is this bank's net interest income?

Question

Quizplus · Accepted Answer

Net interest income = Total Interest Income - Total Interest Expenses
Net interest income = $67 million - $35 million
Net interest income = $32 million

Since we're not given any information about the PLL (provision for loan losses) being deducted from either the interest income or interest expense, we can safely assume that it's not included in the net interest income. Therefore, the correct answer is D.

A Bank Has Total Interest Income of $67 Million and Total