| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,559 | 780 | 779 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| BOND PREMIUMS | 2025-12-31 | 2,566 | 1.000000000000 | 2,566 | 2,566 | 2,566 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALERUS AGENCY-CORPORATE BONDS | 897,772 | 897,772 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALERUS AGENCY-COMMON STOCK | 384,709 | 384,709 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INTEREST RECEIVABLE | 457 | 6,381 | 6,381 |
| DIVIDEND RECEIVABLE | 868 | 105 | 105 |
| Description | Amount |
|---|---|
| BEGINNING BALANCE ADJUSTMENT | 115 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AMORTIZATION | 2,566 | 2,566 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISCELLANEOUS INCOME | 42 | 42 | 42 |
| Description | Amount |
|---|---|
| RETURN OF PRIOR YEAR GRANTS | 1,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER FEES | 931 | 466 | 465 | |
| TRUSTEE FEES | 4,551 | 2,276 | 2,275 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX ON INVESTMENT INCOME | 1,265 | 0 | 0 | |
| FOREIGN TAX WITHHELD | 5 | 5 | 0 |