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National & regional economies.

National Economic Indicators

                                December       October      November
                                  2010          2011          2011

Consumer Confidence (1)              53.3          40.9          55.2
ISM Manufacturing Index (2)          58.5          50.8          52.7
Consumer Price Index (USA
  City Average for All Urban
  Consumers) (3) *                  220.2         226.8         226.7
Retail and Food Services       $376,208      $398,645      $400,268
  Sales (4) ($ Millions)
30-Year Mortgage Rate (5)             4.71          4.07          3.99
Housing Starts (000) (6)            526           627           685

                                December     Percent
                                  2011       Change

Consumer Confidence (1)              64.5    + 16.6
ISM Manufacturing Index (2)          53.9    -  7.9
Consumer Price Index (USA
  City Average for All Urban
  Consumers) (3) *                  226.7    +  3.0
Retail and Food Services       $400,614      +  6.5
  Sales (4) ($ Millions)
30-Year Mortgage Rate (5)             3.96   - 15.9
Housing Starts (000) (6)           --          --

* Not seasonally adjusted.

(P) = Preliminary estimate.

(1) The Conference Board, www.conference-board.org.

(2) Institute of Supply Management (ISM) Manufacturing Report on
Business.

(3) Bureau of Labor Statistics.

(4) Economic Indicators.Gov-Economics and Statistics
Administrations, www.economicindicators.gov/.

(5) The Board of Governors of the Federal Reserve System, The
Federal Reserve Bank, St. Louis, Missouri. All monthly 30-year
mortgage statistics in this table are reported for the third
weekly observation far each month.

(6) The Board of Governors of the Federal Reserve System, The
Federal Reserve Bank, St. Louis, Missouri.


[GRAPHIC OMITTED]
National Average Retail Unleaded Gasoline Prices

                             Regular    Mid     Premium   Diesel

January 19, 2012, Average    $3.378    $3.512   $3.649    $3.872
January 18, 2012, Average    $3.378    $3.513   $3.650    $3.871
January 12, 2012, Average    $3.382    $3.514   $3.651    $3.868
December 19, 2012, Average   $3.213    $3.359   $3.495    $3.850
January 19, 2011, Average    $3.108    $3.301   $3.419    $3.395

Source: Daily Fuel Gauge, AAA.com, http//www.fuelgaugereport.com/.

Memphis, Tennessee, Average Retail Unleaded Gasoline Prices

                             Regular    Mid     Premium   Diesel

January 19, 2012, Average    $3.250    $3.385   $3.524    $3.776
January 18, 2012, Average    $3.245    $3.386   $3.518    $3.775
January 12, 2012, Average    $3.210    $3.354   $3.497    $3.766
December 19, 2012, Average   $3.028    $3.199   $3.343    $3.740
January 19, 2011, Average    $2.940    $3.112   $3.261    $3.245

Source: Daily Fuel Gauge, AAA.com,
http://fuelgaugereport.opisnetcom/TNmetro.asp.


[GRAPHIC OMITTED]
Interest Rates, December 2010 and October 2011-December 2011

                        December   October   November   December
                          2010      2011       2011       2011

3-Month Treasury Bill     0.14      0.02       0.01       0.01
6-Month Treasury Bill     0.19      0.05       0.05       0.05
10-Year Treasury Bill     3.29      2.15       2.01       1.98
30-Year Treasury Bill     4.42      3.13       3.02       2.98
Effective Fed Funds       0.18      0.07       0.08       0.07
Bank Prime Rate           3.25      3.25       3.25       3.25
AAA Corporate Bond        5.02      3.98       3.87       3.93
30-Year Mortgage          4.71      4.07       3.99       3.96

                        Difference

3-Month Treasury Bill     -0.13
6-Month Treasury Bill     -0.14
10-Year Treasury Bill     -1.31
30-Year Treasury Bill     -1.44
Effective Fed Funds       -0.11
Bank Prime Rate            0.00
AAA Corporate Bond        -1.09
30-Year Mortgage          -0.75

Source: St. Louis Federal Reserve Bank.


[GRAPHIC OMITTED]
National and Regional Unemployment Rates, Seasonally Adjusted,
November 2010 and September 2011-November 2011

                                                           Percent
                                                            Change
              November   September   October   November   November-10
                2010       2011       2011     2011 (P)   November-11

United           9.8        9.1        9.0        8.6       - 12.2
  States
Alabama          9.1        9.8        9.3        8.7       -  4.4
Arkansas         7.9        8.3        8.2        8.0       +  1.3
Georgia         10.4       10.3       10.2        9.9       -  4.8
Kentucky        10.2        9.7        9.6        9.4       -  7.8
Louisiana        7.7        6.9        7.0        6.9       - 10.4
Mississippi     10.2       10.6       10.6       10.5       +  2.9
Missouri         9.6        8.7        8.5        8.2       - 14.6
Tennessee        9.4        9.8        9.5        9.1       -  3.2
Memphis          9.7       10.4       10.0        9.2       -  5.2
  MSA *

* Not seasonally adjusted.

(P) = Preliminary.

Source: U.S. Census Bureau, U.S. Bureau of Labor Statistics.


[GRAPHIC OMITTED]
National and Regional Unadjusted Housing Permits Issued,
November 2010 and September 2011-November 2011

                                                           Percent
                                                            Change
              November   September   October   November   November-10
                2010        2011       2011      2011     November-11

United         39,638      51,836     50,495    50,328     +  27.0
  States
Alabama           596         814        953       829     +  39.1
Arkansas          300         363        511       571     +  90.3
Georgia         1,029       1,471      1,660     1,499     +  45.7
Kentucky          403         655        639       595     +  47.6
Louisiana         814         855        942       834     +   2.5
Mississippi       400         341        315       426     +   6.5
Missouri          602         714        611       619     +   2.8
Tennessee         750       1,678        908     1,397     +  86.3
Memphis MSA       109         296        175       334     + 206.4

Source: U.S. Census Bureau.

Unemployment Rates, Memphis MSA, September-November 2011

Tipton County, TN

September 2011:           10.1
October 2011:             10.1
November 2011:             9.3

Crittenden County, AR

September 2011:           10.6
October 2011:             10.4
November 2011:            11.4

Shelby County, TN

September 2011:           10.8
October 2011:             10.0
November 2011:             9.4

Fayette County, TN

September 2011:           11.2
October 2011:             14.0
November 2011:            10.2

DeSoto County, MS

September 2011:            7.9
October 2011:              7.4
November 2011:             6.9

Tunica County, MS

September 2011:           15.1
October 2011:             13.3
November 2011:            13.1

Tate County,

September 2011:           10.6
October 2011:              9.7
November 2011:             9.1

Marshall County, MS

September 2011:           12.5
October 2011:             14.6
November 2011:            11.4

Note: Not seasonally adjusted.

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Total Privately-Owned Residential Building Permits Issued, Memphis MSA,
November 2011, and Percent Change, November 2010-November 2011

Tipton County, TN
Permits Issued: 54
Percent Change: -52.2%

Crittenden County, AR
Permits Issued: 38
Percent Change: -9.5%

Shelby County, TN
Permits Issued: 1,291
Percent Change: -17.6%

Fayette County, TN
Permits Issued: 140
Percent Change: -9.7%

DeSoto County, MS
Permits Issued: 437
Percent Change: +1.9%

Tunica County, MS
Permits Issued: 9
Percent Change: 0.1%

Tate County, MS
Permits Issued: 57
Percent Change: -10.9%

Marshall County, MS
Permits Issued: 46
Percent Change: -4.2%

Source: U.S. Census Bureau
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Publication:Business Perspectives
Date:Jan 1, 2012
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