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% To effectively compare core operating results from period to period, the impact of acquisition related items and other nonrecurring items have been isolated. Average Balances, Interest Rate, and Net Interest Income The following tables present the daily average amount outstanding for each major category of interest earning assets, nonearning assets, interest bearing liabilities, and noninterest bearing liabilities. These tables also present an analysis of interest income and interest expense for the periods indicated. All interest income is reported on a FTE basis using a federal income tax rate of 21%. Loans in nonaccrual status, for the purpose of the following computations, are included in the average loan balances. ....