| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DAVIE KAPLAN | 1,500 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INCORPORATED | 5,233 | 13,088 |
| ALLEGHENY VALLEY BANCORP INC | 39,723 | 21,666 |
| AT&T INC | 37,047 | 40,308 |
| BANCORP OF SOUTHERN INDIANA | 49,794 | 59,670 |
| BANK OF AMERICA | 43,310 | 17,890 |
| BB&T CORP | 23,725 | 28,156 |
| BRISTOL MYERS SQUIBB COMPANY | 15,823 | 29,515 |
| CARTER BANK & TRUST MARTINSVILLE VA | 40,148 | 58,306 |
| CHEMUNG FINANCIAL CORP | 44,850 | 41,490 |
| CITBA FINANCIAL CORP | 63,466 | 37,743 |
| CITIZENS BANCORP OF VIRGINIA | 70,665 | 73,728 |
| CITIZENS FINANCIAL CORP-ELKINS W VA | 56,426 | 24,600 |
| COMMUNITY BANK SYSTEMS | 5,553 | 11,439 |
| CROGHAN BANCSHARES | 55,386 | 55,449 |
| CSB BANCORP INC-MILLERSBURG OH | 70,625 | 92,020 |
| DACOTAH BANKS | 86,900 | 150,000 |
| DECKER MANUFACTURING | 35,663 | 44,500 |
| DELAWARE BANCSHARES | 73,406 | 36,973 |
| DOW CHEMICAL COMPANY | 14,820 | 22,805 |
| FARMERS BANK OF APPOMATTOX-VA | 32,697 | 31,801 |
| FIRST CENTURY BANKSHARES | 28,342 | 19,149 |
| FIRSTMERIT CORP | 66,000 | 57,482 |
| FPB FINANCIAL | 55,413 | 73,098 |
| GE CORP | 21,063 | 35,378 |
| INTEL CORP | 9,878 | 18,145 |
| JEFFERSONVILLE BANCORP | 8,800 | 10,568 |
| JOHNSON & JOHNSON | 18,377 | 31,371 |
| MERCK & CO. | 12,100 | 22,716 |
| MICROSOFT CORPORATION | 11,444 | 18,580 |
| MONARCH CEMENT | 16,704 | 15,552 |
| NBT BANKCORP INCORPORATED | 125,434 | 170,676 |
| NORTH STATE TELECOMMUNICATIONS-A | 36,410 | 31,824 |
| ORANGE COUNTY BANCORP INC. | 19,650 | 21,750 |
| POTOMAC BANCSHARES | 14,500 | 8,000 |
| SOUTHEASTERN BANKING CORP | 39,650 | 12,600 |
| STEUBEN TR COMPANY | 19,200 | 22,840 |
| TORRINGTON WATER CO | 17,483 | 24,842 |
| ALTEVA | 36,000 | 35,250 |
| PFIZER INCORPORATED | 29,343 | 31,150 |
| VERIZON COMMUNICATIONS INC | 43,442 | 42,102 |
| KAYNE ANDERSON MDSTM ENERGY FD | 6,274 | 6,808 |
| PRUDENTIAL GLB SHT DUR HG YLD | 14,152 | 12,736 |
| WELLS FARGO ADVANTAGE MULTI COM SHS | 14,769 | 13,630 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BOYLAN CODE | 1,500 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DIVIDEND RECEIVABLE | 499 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REGISTERED AGENT FEE | 165 | 0 | 0 | |
| INVESTMENT ADVISORY FEES | 10,549 | 10,549 | 0 |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE - BALANCE DUE | 1,708 | 0 | 0 | |
| EXCISE - ESTIMATE | 3,360 | 0 | 0 |