| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREP FEES | 3,780 | 1,890 | 1,890 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AT&T INC 3.875 | 103,636 | 100,977 |
| AT&T INC 2.375 | 50,790 | 49,982 |
| AT&T INC 3.6 | 51,094 | 49,607 |
| BANK OF AMERICA 2.625 | 50,705 | 49,385 |
| DOW CHEM CO 4.125 DUE 21 | 106,041 | 102,117 |
| FORD MOTOR CO 2.597 | 100,995 | 99,189 |
| FORD MOTOR CO 3.157 | 151,989 | 148,613 |
| FORD MOTOR CO 8.875 | 130,245 | 111,772 |
| GOLDMAN SACHS 2.3 | 151,172 | 148,684 |
| GOLDMAN SACHS 2.6 | 101,135 | 98,394 |
| GOLDMAN SACHS GROUP 5.0 | 65,558 | 61,859 |
| GOLDMAN SACHS GRP 5.0 | 44,138 | 41,889 |
| JP MORGAN CHASE 2.295 | 75,497 | 72,890 |
| JP MORGAN CHASE 3.25 | 101,095 | 99,134 |
| JP MORGAN CHASE 3.375 | 101,347 | 97,876 |
| KELLOGG CO 4.0 | 106,300 | 101,487 |
| MARCH & MCLENNAH | 99,997 | 97,213 |
| US BANCORP 1.95 | 200,453 | 199,879 |
| VERIZON COMM 2.45 | 96,773 | 95,868 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| US BANCORP 5.56% PFD | 200,997 | 188,190 |
| WELLS FARGO & CO 5.85 | 237,084 | 229,353 |
| PNC FINL SVCS 6.125 | 106,737 | 107,640 |
| ALTRIA GROUP INC | 25,102 | 45,836 |
| AMGEN INC | 25,358 | 124,374 |
| ANADARKO PETROLEUM CORP | 33,638 | 80,892 |
| ASTRONICS CORP | 23,349 | 425,561 |
| BOEING CORP | 50,643 | 249,173 |
| BRIGHTHOUSE FINANCIAL | 11,313 | 13,184 |
| CENTERPOINT ENERGY INC | 25,102 | 32,904 |
| CHEVRON TEXACO CORP | 49,572 | 112,498 |
| CONSOLIDATED COMMUNICATIONS | 10,306 | 10,132 |
| CONSOLIDATED EDISON INC | 99,088 | 124,190 |
| COSTCO WHOLESALE CORP | 53,930 | 176,160 |
| CUSTOMERS BANCORP INC | 50,004 | 68,590 |
| DOLLAR TREE INC | 14,655 | 14,924 |
| FORD MOTOR CORP | 100,211 | 57,535 |
| GRAHAM CORP | 50,736 | 61,974 |
| HERSHEY FOODS CORP | 77,023 | 106,080 |
| ISRAEL CHEMICALS LTD | 47,957 | 66,330 |
| JOHNSON & JOHNSON | 33,913 | 158,896 |
| MANULILFE FINANCIAL CORP | 162,920 | 177,048 |
| MCDONALDS CORP | 24,783 | 46,841 |
| METLIFE INC | 98,113 | 153,569 |
| NORFOLK SOUTHERN CORP | 75,232 | 198,550 |
| PARKER-HANNIFEN CORP | 45,532 | 76,331 |
| PRINCIPAL FIANCIAL GROUP | 65,927 | 113,665 |
| PROCTOR & GAMBLE COMPANY | 71,079 | 102,373 |
| QUALCOMM INC | 75,058 | 77,792 |
| SCHLUMBERGER LTD | 61,858 | 67,012 |
| TARGET CORP | 18,292 | 35,284 |
| WELLS FARGO & CO | 50,623 | 97,236 |
| WISCONSIN ENERGY CP HLDG | 77,165 | 133,520 |
| XCEL ENERGY INC | 90,477 | 138,797 |
| SPDR S&P DIVIDEND ETF | 944,711 | 1,449,168 |
| SECTOR SPDR TR CON STPLS | 375,490 | 510,178 |
| SELECT SECTOR HEALTH | 200,340 | 425,796 |
| SELECT SECTOR INDUSTRIAL | 251,351 | 452,368 |
| MET 254 | 8,011 | 10,429 |
| PRU 879 | 9,722 | 71,682 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MN FILING FEE | 25 | 0 | 25 |
| Description | Amount |
|---|---|
| RETURN OF PRIOR YEAR SCHOLARSHIP DISTRIBUTION | 6,729 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MGMT FEES | 54,390 | 54,390 | 0 | |
| BANK FEES | 432 | 0 | 432 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2017 ESTIMATED TAXES | 1,710 | 0 | 0 |