Omni Bank had priced the $25-million commitment to Merit to achieve a target spread of 110 basis points over the bank’s cost of funds. The Merit relationship produced a net contribution of $279,000 in 1983 and $305,000 in the first 11 months of 1984. The contribution for 1984 included earned interest on average deposits of $1.37 million and interest income on average outstanding debt of $14.5 million.