| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 4,900 | 2,450 | 2,450 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MFB NORTHERN FDS BD INDEX FD | 143,232 | 145,084 |
| MFB NORTHERN HIGH YIELD FIXED INCOME | 243,378 | 216,177 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN EXPRESS CO COMMON STOCK. | 19,554 | 29,211 |
| AMERICAN TOWER CORP (AMT) | 22,496 | 26,699 |
| AMGEN INC COMMON STOCK (AMGN) | 11,668 | 16,395 |
| APPLE INC COM STK (AAPL) | 12,502 | 66,735 |
| BAXTER INTL INC COMMON STOCK (BAX) | 21,529 | 21,964 |
| BERKSHIRE HATHAWAY INC-Cl B (BRK/B) | 22,695 | 66,020 |
| CATERPILLAR INC. COMMON STOCK, NO PAR (CAT) | 0 | 0 |
| CHEVRON CORP COM (CVX) | 14,986 | 18,802 |
| CISCO SYSTEMS INC COMMON STOCK (CSCO) | 0 | 0 |
| CITIGROUP INC | 55,402 | 55,217 |
| COCA COLA CO COM (KO) | 0 | 0 |
| COSTCO WHOLESALE CORP | 13,137 | 18,088 |
| CVS HEALTH CORP | 41,358 | 46,382 |
| DANAHER CORP | 40,419 | 46,694 |
| EMC CORP COM | 40,586 | 37,403 |
| EMERSON ELECTRIC CO COM | 0 | 0 |
| EXELON CORP COM | 0 | 0 |
| EXPRESS SCRIPTS HLDG CO COM (ESRX) | 27,844 | 39,072 |
| EXXON MOBIL CORP | 4,380 | 28,764 |
| FRANKLIN RES INC. COMMON STOCK. BEN) | 0 | 0 |
| GILEAD SCIENCES INC (GILD) | 13,448 | 21,655 |
| GOOGLE INC CL A (GOOGL) | 0 | 0 |
| GOOGLE INC COM USD0.001 | 0 | 0 |
| HOME DEPOT INC. COMMON STOCK. | 37,616 | 52,503 |
| INTEL CORP COM | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS CORP | 0 | 0 |
| JPMORGAN CHASE & CO COM | 37,136 | 64,379 |
| MC DONALDS CORP. COMMON STOCK. | 2,458 | 33,552 |
| MERCK & CO INC NEW COM | 30,219 | 33,353 |
| METLIFE INC COM STK USD0.01 | 32,050 | 37,459 |
| MFB NORTHERN FDS STK INDEX FD | 114,991 | 134,401 |
| MONDELEZ INTL INC COM | 28,526 | 36,368 |
| MONSANTO CO | 0 | 0 |
| NATIONAL OILWELL VARCO COM STK | 0 | 0 |
| NIKE INC | 17,120 | 27,457 |
| NORFOLK SOUTHN CORP COM | 20,583 | 17,848 |
| PFIZER INC COM | 26,889 | 30,117 |
| PRECISION CASTPARTS CORP | 0 | 2 |
| PROCTER & GAMBLE COM NPV | 19,879 | 22,552 |
| SCHLUMBERGER LTD COM COM | 34,462 | 27,819 |
| STARBUCKS CORP COM (SBUX) | 23,028 | 34,817 |
| UNITED TECHNOLOGIES CORP COM | 0 | 0 |
| V. F. CORP COMMON STOCK | 18,577 | 18,613 |
| VERIZON COMMUNICATIONS COM | 13,451 | 13,219 |
| WALT DISNEY CO | 4,962 | 37,344 |
| WELLS FARGO & CO NEW COM STK | 25,425 | 51,588 |
| AMERICAN WTR WKS CO INC NEW COM | 0 | 0 |
| C R BARD | 15,762 | 25,385 |
| MFB NORTHERN MID CAP INDEX FD | 117,822 | 153,125 |
| NOBLE CORP PLC COMMON STOCK | 0 | 0 |
| NUCOR CORP. | 33,401 | 27,496 |
| PETSMART INC | 0 | 0 |
| MFB NORTHERN FDS SMALL CAP VALUE FD | 92,625 | 90,414 |
| MFC FLEXSHARES TR STOXX GLOBAL BROAD | 31,365 | 28,791 |
| MFB NORTHERN INTL EQUITY INDEX FD | 130,000 | 118,176 |
| MFB NORTHERN MULTI-MANAGER INTL EQUITY | 0 | 0 |
| MFB NORTHERN FDS MULTI-MANAGER EMERGING | 0 | 0 |
| MFC ISHARES TR MSCI EMERGING MKTS | 0 | 0 |
| MFO DFA EMERGING MARKETS VALUE (DFEVX) | 91,000 | 81,207 |
| MFC FLEXSHARES TR INTL QUALITY DIVIDEND | 12,155 | 10,853 |
| DICKS SPORTING GOODS INC OC-COM (DKS) | 34,186 | 22,624 |
| KOHLS CORP COMMON STOCK (KSS) | 27,533 | 22,386 |
| TWENTY-FIRST CENTY FOX INC CL A CL A (FOXA) | 34,093 | 26,562 |
| EOG RESOURCES INC COM (EOG) | 20,321 | 18,547 |
| HALLIBURTON CO COM | 20,026 | 17,497 |
| INTERCONTINENTAL EXCHANGE INC COM (ICE) | 27,317 | 29,214 |
| BAXALTA INC COM (BXLT) | 32,204 | 40,195 |
| BIOGEN INC COMMON STOCK | 37,407 | 37,987 |
| ZIMMER BIOMET HLDGS INC COM (ZBH) | 36,768 | 31,871 |
| EATON CORP PLC COM | 39,105 | 28,518 |
| GENERAL ELECTRIC CO (GE) | 31,972 | 38,692 |
| NXP SEMICONDUCTORS N V COM STK (NXPI) | 22,642 | 22,326 |
| ACTIVISION BLIZZARD INC COM STK | 20,651 | 34,104 |
| ALPHABET INC CAP STK CL A CAP STK CL A (GOOGL) | 10,029 | 26,452 |
| ALPHABET INC CAP STK CL C VAP STK CL C (GOOG) | 32,112 | 56,916 |
| ORACLE CORPORATION COM (ORCL) | 27,724 | 23,197 |
| QUALCOMM INC COM (QCOM) | 30,890 | 23,843 |
| RACKSPACE HOSTING INC COM STK (RAX) | 16,093 | 16,509 |
| SALESFORCE COM INC COM STK (CRM) | 29,076 | 36,378 |
| TWITTER INC COM (TWTR) | 20,499 | 15,411 |
| DUKE ENERGY CORP NEW COM NEW COM NEW (DUK) | 11,789 | 12,156 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MFB NORTHERN FDS GLOBAL REAL ESTATE | AT COST | 30,000 | 29,739 |
| MFC FLEXSHARES TR MORNINGSTAR GLOBAL | AT COST | 30,255 | 21,472 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SERVICE CHARGES | 45 | 45 | 0 | |
| INSURANCE | 1,139 | 1,139 | 0 | |
| MISCELLANEOUS | 89 | 89 | 0 |
| Description | Amount |
|---|---|
| ADJUSTMENTS TO BASIS ON ASSETS | 25,495 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 7,800 | 7,800 | 0 | |
| PAYROLL FEES | 801 | 801 | 0 | |
| MANAGEMENT FEES | 8,932 | 8,932 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 456 | 456 | 0 | |
| FEDERAL EXCISE TAX | 15,618 | 0 | 0 |