Farmers State Bank
Elgin, ND — Domestic Branch of a Domestic Bank
Acquired Mar 2006
Estimated Tax Benefit from Tax-Exempt Loan Income Over Time
| Estimated Tax Benefit from Tax-Exempt Loan Income | All Insured Commercial Banks in North Dakota |
| 12-31-2005 | 41,734 |
| 09-30-2005 | 31,047 |
| 06-30-2005 | 21,787 |
| 03-31-2005 | 11,345 |
| 12-31-2004 | 36,061 |
| 09-30-2004 | 56,164 |
| 06-30-2004 | 36,569 |
| 03-31-2004 | 19,661 |
| 12-31-2003 | 81,952 |
| 09-30-2003 | 62,344 |
| 06-30-2003 | 41,350 |
| 03-31-2003 | 22,518 |
| 12-31-2002 | 77,076 |