| 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 | 11,848 |
| ALLEGHENY VALLEY BANCORP INC | 39,602 | 23,175 |
| AT&T INC | 37,047 | 41,292 |
| BANCORP OF SOUTHERN INDIANA | 49,794 | 67,392 |
| BANK OF AMERICA | 43,310 | 16,830 |
| BB&T CORP | 23,725 | 27,374 |
| BRISTOL MYERS SQUIBB COMPANY | 15,823 | 34,395 |
| CARTER BANK & TRUST MARTINSVILLE VA | 40,148 | 61,979 |
| CHEMUNG FINANCIAL CORP | 44,850 | 41,250 |
| CITBA FINANCIAL CORP | 63,466 | 41,749 |
| CITIZENS BANCORP OF VIRGINIA | 70,665 | 71,225 |
| CITIZENS FINANCIAL CORP-ELKINS W VA | 56,426 | 31,088 |
| COMMUNITY BANK SYSTEMS | 5,553 | 11,982 |
| CROGHAN BANCSHARES | 55,386 | 55,766 |
| CSB BANCORP INC-MILLERSBURG OH | 70,625 | 105,350 |
| DACOTAH BANKS | 86,900 | 144,600 |
| DECKER MANUFACTURING | 35,663 | 51,000 |
| DELAWARE BANCSHARES | 73,406 | 30,185 |
| DOW CHEMICAL COMPANY | 14,820 | 25,740 |
| FARMERS BANK OF APPOMATTOX-VA | 32,697 | 34,066 |
| FIRST CENTURY BANKSHARES | 28,342 | 22,032 |
| FIRSTMERIT CORP | 66,000 | 56,752 |
| FPB FINANCIAL | 55,413 | 81,468 |
| GARMIN LIMITED | 10,799 | 11,151 |
| GE CORP | 21,063 | 43,610 |
| INTEL CORP | 9,878 | 17,225 |
| JEFFERSONVILLE BANCORP | 8,800 | 10,800 |
| JOHNSON & JOHNSON | 18,377 | 30,816 |
| LILLY ELI & COMPANY | 15,860 | 16,852 |
| MERCK & CO. | 12,100 | 21,128 |
| MICROSOFT CORPORATION | 11,444 | 22,192 |
| MONARCH CEMENT | 16,704 | 17,280 |
| NBT BANKCORP INCORPORATED | 125,434 | 181,136 |
| NORTH STATE TELECOMMUNICATIONS-A | 36,410 | 20,587 |
| ORANGE COUNTY BANCORP INC. | 19,650 | 24,125 |
| POTOMAC BANCSHARES | 14,500 | 8,450 |
| SEAGATE TECHNOLOGY PLC | 8,961 | 7,332 |
| SOUTHEASTERN BANKING CORP | 39,650 | 14,490 |
| STEUBEN TR COMPANY | 19,200 | 24,800 |
| TORRINGTON WATER CO | 17,483 | 23,576 |
| ALTEVA | 0 | 0 |
| PFIZER INCORPORATED | 29,343 | 32,280 |
| VERIZON COMMUNICATIONS INC | 43,442 | 41,598 |
| KAYNE ANDERSON MDSTM ENERGY FD | 6,274 | 2,474 |
| PRUDENTIAL GLB SHT DUR HG YLD | 0 | 0 |
| WELLS FARGO ADVANTAGE MULTI COM SHS | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BOYLAN CODE | 720 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DIVIDEND RECEIVABLE | 499 | 90 | |
| NORTHWESTERN MUTUAL LIFE INSURANCE, POLICY #5445540 | 17,400 | 48,385 | |
| NORTHWESTERN MUTUAL LIFE INSURANCE, POLICY #5192910 | 12,000 | 40,740 |
| Description | Amount |
|---|---|
| DIFFERENCE IN FMV AND BOOK VALUE FOR DONATED LIFE INSURANCE POLICIES | 51,081 |
| 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 | 6,159 | 6,159 | 0 |
| Description | Amount |
|---|---|
| ROUNDING | 3 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE - ESTIMATE | 225 | 0 | 0 | |
| DE - FRANCHISE TAX | 25 | 0 | 0 |