Estimated Tax Benefit from Tax-Exempt Loan Income Over Time
Estimated Tax Benefit from Tax-Exempt Loan Income Merchants Bank, National Association All Insured Commercial Banks in Minnesota
06-30-2007 33,559
03-31-2007 3,000 17,765
12-31-2006 1,000 62,261
09-30-2006 47,636
06-30-2006 31,975
03-31-2006 15,897
12-31-2005 56,835
09-30-2005 40,961
06-30-2005 27,398
03-31-2005 13,578
12-31-2004 49,433
09-30-2004 35,654
06-30-2004 24,184
03-31-2004 13,218
12-31-2003 47,793
09-30-2003 36,819
06-30-2003 24,335
03-31-2003 12,654
12-31-2002 42,154