content_image/121777.jpg
## FIGURE 6. AVERAGE BALANCE SHEETS, NET INTEREST INCOME AND YIELDS/RATES 

<img src='content_image/121777.jpg'>

Interest income on tax-exempt securities and loans has been adjusted to a taxable-equivalent basis using the statutory federal income tax rate of 35%. b 

For purposes of these computations, nonaccrual loans are included in average loan balances. c 

Yield is calculated on the basis of amortized cost. d 

Rate calculation excludes basis adjustments related to fair value hedges. See Note 19 (GLYPH<210>Derivatives and Hedging ActivitiesGLYPH<211>), which begins on page 80, for an explanation of fair value hedges. e 

Rate calculation excludes ESOP debt. 

TE = Taxable Equivalent, N/M = Not Meaningful 

