Direct Merchants Credit Card Bank, National Association
Scottsdale, AZ — National Bank
Acquired Dec 2005
Municipal Securities Over Time
| Municipal Securities | Direct Merchants Credit Card Bank, National Association | All Insured Commercial Banks in Arizona |
| 09-30-2005 | 1,220,000 | 12,086,154 |
| 06-30-2005 | 1,220,000 | 11,221,769 |
| 03-31-2005 | 1,350,000 | 13,036,100 |
| 12-31-2004 | 1,360,000 | 11,693,600 |
| 09-30-2004 | 1,560,000 | 12,369,556 |
| 06-30-2004 | 1,595,000 | 12,775,778 |
| 03-31-2004 | 1,845,000 | 12,459,222 |
| 12-31-2003 | 2,345,000 | 13,486,222 |
| 09-30-2003 | 2,980,000 | 15,249,625 |
| 06-30-2003 | 3,445,000 | 19,227,429 |
| 03-31-2003 | 3,445,000 | 20,704,000 |
| 12-31-2002 | 3,470,000 | 17,555,375 |