The financial statements for X National Bank are shown below.
Assets
Cash and due from banks $ 900
Investments 3,136
Federal funds sold 1,664
Loans (less loss of $ 2,400) 9,120
Premises 780
Total Assets $ 15,600
Liabilities and Equity
Demand deposits $ 5,000
Small time deposits 4,060
Jumbo CDs 4,680
Federal funds purchased 312
Equity 1,548
Total Liabilities and Equity $ 15,600
Income Statement
Interest income $ 1,150
Interest expense 475
Provision for loan losses 100
Noninterest income 200
Noninterest expense 400
Taxes 60
What is the total operating income ?
Calculate the asset utilization ratio.