Methodology: Applied Analysis (“AA”) was retained by National Bank of Arizona to summarize and analyze a series of key economic indicators on a recurring basis. Relevant data was obtained from AA’s internal databases as well as national, regional and local data providers, including, without limitation, state and local governments and universities. While we have no reason to doubt the accuracy of any of the data reported, we have not performed an audit or assurance procedures on the data, and as such, we cannot attest to its completeness. Generally speaking, data reported is for Arizona.