I need to get the net income I know that assets expenses n

I need to get the net income. I know that assets - expenses = net income, but I don\'t know what to subtract from what.

The following information is for Rainbow National Bank:

Interest income $2,250.00

Interest expense 1,500.00

Total assets 45,000.00

Securities losses or gains 21.00

Earning assets 40,000.00

Total liabilities 38,000.00

Taxes paid 16.00

Shares of common stock outstanding 5,000

Noninterest income $800.00

Noninterest expense 900.00

Provision for loan losses 250.00

Solution

Net Income = (Interest income - Interest expense)+ ( Non interest income - Non interest expense - Provision for loan losses) + Securities losses or gains - Taxes paid

= (2250 - 1500 ) + (800 - 900 - 250) + 21 - 16

= 405

NET INCOME = $ 405