| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEE (NON-ALLOC | 1,725 | 1,725 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 172967HT1 CITIGROUP INC 3.750% | ||
| 12572QAG0 CME GROUP INC | 71,560 | 69,751 |
| 00440EAS6 CHUBB INA HOLDINGS I | 51,711 | 49,835 |
| 166764BL3 CHEVRON CORP | 50,099 | 49,024 |
| 58013MEY6 MCDONALD'S CORP | ||
| 438516BL9 HONEYWELL INTERNATIO | 82,582 | 77,218 |
| 191216CV0 COCA-COLA CO/THE | 30,138 | 25,584 |
| 9128285M8 US TREASURY NOTE | 147,641 | 138,749 |
| 963320AW6 WHIRLPOOL CORP | 33,489 | 29,564 |
| 961214CX9 WESTPAC BANKING CORP | 63,343 | 58,667 |
| 64110DAL8 NETAPP INC | ||
| 91159HHN3 US BANCORP | 62,240 | 58,001 |
| 912828U24 US TREASURY NOTE 2.0 | ||
| 38141GWB6 GOLDMAN SACHS GROUP | 49,571 | 49,066 |
| 912828X88 US TREASURY NOTE 2.3 | 60,802 | 57,460 |
| 857477AT0 STATE STREET CORP | 50,606 | 49,698 |
| 912828P46 US TREASURY NOTE 1.6 | ||
| 036752AB9 ANTHEM INC | 52,106 | 48,642 |
| 043519ZL4 ASCENSION PARISH LA | 100,000 | 86,386 |
| 373334KK6 GEORGIA POWER CO | ||
| 606822BJ2 MITSUBISHI UFJ FIN | ||
| 031162CQ1 AMGEN INC | ||
| 59156RBM9 METLIFE INC | 63,976 | 59,828 |
| 9128286T2 US TREASURY NOTE 2.3 | 154,125 | 147,483 |
| 00287YAQ2 ABBVIE INC | 70,950 | 69,710 |
| 61746BEF9 MORGAN STANLEY | 70,550 | 68,724 |
| 912828V98 US TREASURY NOTE | ||
| 316773CY4 FIFTH THIRD BANCORP | 74,269 | 69,864 |
| 9128284N7 US TREASURY NOTE | 161,675 | 157,608 |
| 26078JAD2 DOWDUPONT INC | 54,583 | 49,772 |
| 64465P7S1 NEW HAMPSHIRE ST MUN | 65,000 | 61,710 |
| 126650CL2 CVS HEALTH CORP | ||
| 74432QCH6 PRUDENTIAL FINANCIAL | 59,798 | 57,881 |
| 053332AY8 AUTOZONE INC | 33,736 | 29,898 |
| 871829BK2 SYSCO CORPORATION | 47,687 | 44,098 |
| 68389XBU8 ORACLE CORP | 58,593 | 52,810 |
| 20030NDA6 COMCAST CORP | 67,125 | 58,230 |
| 58933YAY1 MERCK & CO INC | ||
| 666807BS0 NORTHROP GRUMMAN COR | 54,645 | 43,816 |
| 24422EVL0 JOHN DEERE CAPITAL | 65,428 | 57,693 |
| 37045XDK9 GENERAL MOTORS FINL | 58,773 | 57,183 |
| 91282CCS8 US TREASURY NOTE | 74,745 | 61,206 |
| 46647PBJ4 VR JPMORGAN CHASE & | 103,999 | 87,694 |
| 548661EA1 LOWE'S COS INC | 60,847 | 52,114 |
| 00206RML3 AT&T INC | ||
| 912828YM6 US TREASURY NOTE | ||
| 91282CCB5 US TREASURY NOTE | 74,661 | 63,273 |
| 91282CDF5 US TREASURY NOTE | 103,526 | 103,002 |
| 92343VFE9 VERIZON COMMUNICATIO | 84,169 | 73,256 |
| 91282CFM8 US TREASURY NOTE 4.1 | 150,949 | 149,408 |
| 337738AS7 FISERV INC | ||
| 91282CFF3 US TREASURY NOTE | 102,465 | 93,117 |
| 902494BJ1 TYSON FOODS INC | 51,198 | 49,612 |
| 91282CEM9 US TREASURY NOTE | 98,426 | 94,126 |
| 172967MP3 VR CITIGROUP INC | 55,637 | 48,059 |
| 91282CEP2 US TREASURY NOTE | 139,456 | 125,734 |
| 91282CDY4 US TREASURY NOTE 1.8 | 60,394 | 54,671 |
| 06051GJS9 VR BANK OF AMERICA | ||
| 06406RBG1 VR BANK OF NY MELLON | 47,603 | 49,092 |
| 126408HU0 CSX CORP | 72,976 | 70,194 |
| 3133EPCJ2 FED FARM CREDIT BK | 74,293 | 73,128 |
| 38141GYJ7 VR GOLDMAN SACHS GRO | 61,260 | 62,505 |
| 458140CG3 INTEL CORP | 48,899 | 48,342 |
| 49271VAP5 KEURIG DR PEPPER INC | 60,800 | 62,347 |
| 539830BW8 LOCKHEED MARTIN CORP | 64,568 | 60,635 |
| 713448FS2 PEPSICO INC | 60,280 | 59,453 |
| 855244AT6 STARBUCKS CORP | 52,153 | 52,071 |
| 89115A2E1 TORONTO-DOMINION BAN | 63,816 | 61,590 |
| 91282CFW6 US TREASURY NOTE 4.5 | 121,889 | 120,223 |
| 91282CGM7 US TREASURY NOTE | 59,221 | 60,469 |
| 91282CHA2 US TREASURY NOTE | 226,927 | 224,199 |
| 91282CHC8 US TREASURY NOTE | 118,359 | 114,873 |
| 91282CHT1 US TREASURY NOTE | 136,293 | 137,999 |
| 91282CJM4 US TREASURY NOTE | 126,660 | 124,545 |
| 00206RHJ4 AT&T INC | 63,006 | 63,592 |
| 031162DE7 AMGEN INC | 57,260 | 57,913 |
| 06051GLU1 VR BANK OF AMERICA | 79,365 | 77,028 |
| 126650DU1 CVS HEALTH CORP | 73,643 | 71,900 |
| 337738AU2 FISERV INC | 55,442 | 56,296 |
| 65339KBR0 NEXTERA ENERGY CAPIT | 34,924 | 34,584 |
| 91282CHW4 US TREASURY NOTE | 99,402 | 98,461 |
| 91282CJJ1 US TREASURY NOTE | 67,135 | 64,706 |
| 91282CKX8 US TREASURY NOTE | 80,309 | 79,557 |
| 91282CLF6 US TREASURY NOTE | 182,427 | 174,925 |
| 9128334Y3 US TREAS SEC STRIPPE | 72,583 | 69,634 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 005098108 ACUSHNET HOLDINGS CO | 32,983 | 33,976 |
| 04316A108 ARTISAN PARTNERS ASS | 18,728 | 19,157 |
| 05945F103 BANCFIRST CORP | 12,814 | 17,225 |
| 185123106 CLEARWATER ANALYTICS | 13,493 | 18,686 |
| 221006109 CORVEL CORP | 31,641 | 42,724 |
| 257651109 DONALDSON CO INC | 8,917 | 8,486 |
| 29084Q100 EMCOR GROUP INC COM | 25,462 | 39,035 |
| 29109X106 ASPEN TECHNOLOGY INC | 11,922 | 15,727 |
| 302941109 FTI CONSULTING INC C | 49,082 | 43,578 |
| 303075105 FACTSET RESH SYS INC | 20,982 | 21,613 |
| 32051X108 FIRST HAWAIIAN INC | 18,758 | 23,277 |
| 384109104 GRACO INC | 28,229 | 26,467 |
| 426281101 HENRY JACK & ASSOC I | 10,329 | 10,343 |
| 48282T104 KADANT INC | 29,412 | 30,704 |
| 493732101 K.FORCE, INC. | 10,490 | 8,618 |
| 50189K103 LCI INDUSTRIES | 16,935 | 13,958 |
| 515098101 LANDSTAR SYS INC COM | 35,347 | 31,794 |
| 562750109 MANHATTAN ASSOCIATES | 22,245 | 23,781 |
| 60786M105 MOELIS & CO | 23,511 | 32,655 |
| 74164M108 PRIMERICA INC | 44,627 | 49,398 |
| 749607107 RLI CORP COM | 16,476 | 18,296 |
| 75524B104 RBC BEARINGS INC | 24,407 | 26,623 |
| 76657Y101 RIGHTMOVE PLC-UNSP A | 20,508 | 22,967 |
| 829073105 SIMPSON MFG INC COM | 62,043 | 49,583 |
| 891092108 TORO CO | 41,264 | 36,285 |
| 90278Q108 UFP INDUSTRIES INC | 24,672 | 24,558 |
| 942749102 WATTS WATER TECHNOLO | 32,610 | 32,731 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 9FF073827 PANOLA CNTY, TX THOM | AT COST | 1 | 1 |
| 9FF073918 PANOLA CO. TX N.D. D | AT COST | 1 | 1 |
| 9FF073777 PANOLA CO. TX A.L. B | AT COST | 1 | 22,647 |
| 9FF074437 PANOLA CO. TX GABRIE | AT COST | 1 | 28,627 |
| 9FF073926 PANOLA CO., TX JOHN | AT COST | 1 | 1 |
| 9FF073900 PANOLA CO TX | AT COST | 1 | 23,189 |
| 9FF073876 PANOLA CO TX | AT COST | 1 | 16,602 |
| 9FF074130 PANOLA CO TX | AT COST | 1 | 43,384 |
| 9FF074411 PANOLA CO. TX THOMAS | AT COST | 1 | 89,161 |
| 9FF073868 PANOLA CO. TX WILLIA | AT COST | 1 | 114,525 |
| 9FF074346 PANOLA CO, TX MARY F | AT COST | 1 | 1 |
| 99RE69875 PANOLA COUNTY, TX AB | AT COST | 1 | 1 |
| 00888Y847 INVESCO BAL RSK COMM | AT COST | 300,000 | 267,973 |
| 464287655 ISHARES RUSSELL 2000 | AT COST | 1,178,203 | 1,637,976 |
| 693390841 PIMCO HIGH YIELD FD- | AT COST | 304,213 | 276,660 |
| 61766EBE4 MORGAN STANLEY BAML | AT COST | 110,359 | 97,942 |
| 04314H758 ARTISAN SMALL CAP FU | |||
| 922908710 VANGUARD 500 INDEX F | AT COST | 2,212,288 | 4,911,816 |
| 693391559 PIMCO EMERG MKTS BD- | |||
| 3131X5AP7 FHLMC POOL #ZK1814 | |||
| 3140X7P37 FNMA POOL #FM4041 | AT COST | 55,649 | 47,403 |
| 36252TAQ8 GS MORTGAGE SECURITI | AT COST | 101,848 | 95,358 |
| 77956H435 T ROWE PR OVERSEAS S | |||
| 922031760 VANGUARD HIGH YIELD | AT COST | 305,303 | 283,074 |
| 74144Q203 T ROWE PRICE INST EM | AT COST | 255,291 | 303,279 |
| 922042858 VANGUARD FTSE EMERGI | AT COST | 740,683 | 731,945 |
| 36251FBB1 GS MORTGAGE SECURITI | AT COST | 109,688 | 99,084 |
| 722005667 PIMCO COMMODITY REAL | AT COST | 421,088 | 287,473 |
| 55273H353 MFS VALUE FUND-R6 48 | |||
| 00143W859 INV OPP DEVELOP MRKT | AT COST | 125,996 | 113,432 |
| 36258VAE4 GM FINANCIAL SECURIT | |||
| 464287499 ISHARES RUSSELL MID- | AT COST | 789,726 | 1,732,286 |
| 74256W584 PRINCIPAL MIDCAP FUN | AT COST | 757,217 | 1,849,820 |
| 31418ABZ0 FNMA POOL MA0955 3.5 | AT COST | 9,503 | 8,313 |
| 34528QGW8 FORD CREDIT FLOORPLA | |||
| 256219106 DODGE & COX STOCK FU | AT COST | 2,757,059 | 3,181,517 |
| 77954Q403 T ROWE PRICE BLUE CH | AT COST | 2,102,050 | 3,287,454 |
| 464288281 ISHARES JP MORGAN US | |||
| 46432F842 ISHARES CORE MSCI EA | AT COST | 1,036,399 | 1,081,961 |
| 256206103 DODGE & COX INTL STO | AT COST | 1,068,000 | 1,107,801 |
| 3140XLKX5 FNMA POOL #FS4809 | AT COST | 105,207 | 105,193 |
| 413838574 OAKMARK INTERNATIONA | |||
| 464288588 ISHARES MBS ETF | AT COST | 74,604 | 73,344 |
| 87166PAH4 SYNCHRONY CARD ISSUA | AT COST | 107,534 | 109,529 |
| 89155H389 TOUCHSTONE MID CAP V | AT COST | 500,000 | 522,227 |
| 04314H857 ARTISAN INTL VALUE F | AT COST | 1,050,000 | 1,012,954 |
| 14041NFV8 CAPITAL ONE MULTI-AS | AT COST | 92,914 | 96,211 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES - PRINCIPAL (ALLOCA | 118,295 | 118,295 |
| Description | Amount |
|---|---|
| CY PENDING SALES | 107 |
| CY PURCHASE OF ACCRUED INTEREST | 1,137 |
| MUTUAL FUND TIMING ADJ | 4,227 |
| ROC ON CY SALES | 673 |
| COST BASIS ADJUSTMENT | 331 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OMG MINERAL INTEREST-PRODUCTIO | 2,040 | 2,040 | 0 | |
| OMG MINERAL INTEREST-AD VALORE | 2,149 | 2,149 | 0 | |
| MINERAL INTEREST-FEES | 3,189 | 3,189 | 0 | |
| OMG ROYAL EXPENSES | 19,024 | 19,024 | 0 | |
| OTHER NONALLOC. EXPENSE | 19,192 | 0 | 19,192 | |
| INVESTMENT EXPENSES - ADR FEES | 639 | 639 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OMG ROYALTY INCOME | 96,917 | 96,917 |
| Description | Amount |
|---|---|
| PY PENDING SALES | 86 |
| PY PURCHASE OF ACCRUED INTEREST | 1,611 |
| RECOVERY OF GRANTS PAID | 8,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GRANT ADMIN FEE | 30,145 | 30,145 | ||
| INVESTMNT MNGMNT FEES (NON-DED | 1,805 | 1,805 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 9,888 | 9,888 | 0 | |
| FEDERAL TAX PAYMENT - PRIOR YE | 5,044 | 0 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 37,210 | 0 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 2,603 | 2,603 | 0 |