| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BARCLAYS BANK PLC REVERSE CV L | 250,000 | 256,125 |
| SOCIETE GENERALE MEDIUM TERM N | 200,000 | 193,660 |
| UBS AG LONDON MEDIUM TERM 125L | 300,000 | 333,546 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| A10 NETWORKS INC | 3,732 | 3,856 |
| ACADEMY SPORTS AND OUTDOORS IN | 4,018 | 3,947 |
| ACCENTURE PLC | 11,294 | 12,342 |
| ADEIA INC | 2,923 | 4,054 |
| ADOBE SYSTEMS, INC | 4,895 | 4,900 |
| ALIBABA GROUP HOLDING LTD | 32,316 | 58,192 |
| ALPHABET INC CL A | 54,452 | 103,290 |
| AMADEUS IT HLDS SA | 41,034 | 44,964 |
| AMAZON COM | 58,097 | 68,554 |
| AMCOR LTD ORD SHS | 16 | 17 |
| AMERICAN ELECTRIC POWER INC | 54,896 | 68,033 |
| AMERIPRISE FINANCIAL INC | 40,397 | 37,756 |
| AMERIS BANCORP | 3,590 | 3,936 |
| AMGEN INC | 47,981 | 56,625 |
| ANI PHARMACEUTICALS INC | 3,651 | 4,973 |
| APPLE INC | 99,875 | 116,084 |
| APPLIED MATERIALS INC | 49,575 | 67,331 |
| ARCOSA INC | 3,920 | 4,465 |
| ARISTA NETWORKS | 30,305 | 47,826 |
| ASML HOLDING NV NY REG SHS | 48,194 | 70,611 |
| ATLANTICUS HOLDINGS ORD SHS | 3,994 | 4,553 |
| ATMUS FILTRATION TECHNOLOGIES | 5,675 | 6,696 |
| AUTOMATIC DATA PROCESSING INC | 27,832 | 24,180 |
| AXOS FINANCIAL INC | 3,302 | 3,963 |
| BEL FUSE CL B | 2,061 | 4,580 |
| BELDEN INC | 3,577 | 3,730 |
| BENCHMARK ELECTRS INC | 3,764 | 4,319 |
| BLACKROCK INC | 51,274 | 61,009 |
| BROADCOM INC | 897,989 | 1,094,367 |
| C T S CP | 3,890 | 4,244 |
| CALIFORNIA RESOURCES | 773 | 805 |
| CANADIAN NATL RAILWAY CO | 3,104 | 3,262 |
| CANADIAN NATURAL RESOURCES LTD | 48,021 | 56,699 |
| CAPITAL CITY BANK GROUP | 3,637 | 4,002 |
| CARGURUS INC | 3,904 | 4,027 |
| CARRIAGE SERVICES INC | 3,509 | 3,680 |
| CATALYST PHARMACEUTICALS INC | 6,590 | 6,955 |
| COMMUNICATION SVCS SLCT SCTR S | 24,970 | 25,192 |
| CONSUMER DISCRETIONARY SELECT | 75,535 | 74,273 |
| CONSUMER STAPLES SELECT SECTOR | 108,155 | 105,800 |
| CORE NATURAL RESOURCES INC | 3,895 | 4,160 |
| CRA INTERNATIONAL INC | 3,471 | 3,613 |
| CSG SYST INTL INC. | 3,314 | 4,601 |
| DANAHER CORP | 33,381 | 36,627 |
| DELL TECHNOLOGIES INC CLASS C | 43,552 | 45,443 |
| DIGI INTERNATIONAL INC | 3,508 | 4,589 |
| DOVER CORP | 32,931 | 35,729 |
| EATON CORP PLC | 29,953 | 29,621 |
| EBAY INC | 30,099 | 43,550 |
| ELEMENT SOLUTIONS INC | 3,910 | 3,923 |
| ELEVANCE HEALTH INC | 49,878 | 59,594 |
| EMERSON ELECTRIC CO | 44,113 | 49,239 |
| EVERCORE PARTNERS INC | 3,685 | 3,743 |
| EXPEDIA INC | 29,581 | 45,330 |
| EXXON MOBIL CORP | 72,718 | 75,092 |
| FEDERAL SIGNAL CORP | 3,075 | 3,475 |
| FINANCIAL SELECT SECTOR SPDR F | 84,352 | 84,565 |
| FIRST TRUST STRAT H/I FUND | 3,135 | 3,853 |
| FRANKLIN ELECTRIC CO., INC | 3,885 | 3,917 |
| GE HEALTHCARE TECHNOLOGIES INC | 33,389 | 36,335 |
| GLOBAL PAYMENTS INC | 14,875 | 15,790 |
| HANCOCK WHITNEY CORPORATION | 3,720 | 4,012 |
| HEWLETT PACKARD ENTERPRISE CO | 50,868 | 55,798 |
| HILTON GRAND VACATIONS INC. | 3,881 | 4,162 |
| INCYTE CORPORATION | 37,570 | 57,682 |
| INDEPENDENCE REALTY TR | 3,904 | 4,195 |
| INNOVIVA INC | 3,922 | 4,298 |
| INTUIT | 42,906 | 46,369 |
| INVESCO S&P SMALLCAP CNSMR DIS | 16,364 | 15,927 |
| INVESCO S&P SMALLCAP CONSUMER | 5,102 | 4,911 |
| INVESCO S&P SMALLCAP ENERGY ET | 5,909 | 5,973 |
| INVESCO S&P SMALLCAP FINLS ETF | 19,764 | 19,322 |
| INVESCO S&P SMALLCAP HEALTH CA | 28,293 | 27,535 |
| INVESCO S&P SMALLCAP INDUSTRIA | 22,900 | 22,212 |
| INVESCO S&P SMALLCAP INFORMATI | 13,558 | 13,359 |
| INVESCO S&P SMALLCAP MATLS ETF | 7,278 | 7,314 |
| INVESCO S&P SMALLCAP UTILITIES | 3,760 | 3,738 |
| ISHARES BROAD USD HIGH YIELD C | 634,143 | 635,714 |
| ISHARES S&P U.S. PREFERRED STO | 467,100 | 464,399 |
| JBT MAREL CORPORATION | 3,389 | 4,068 |
| JOHNSON & JOHNSON | 43,526 | 59,188 |
| JP MORGAN CHASE | 41,651 | 55,422 |
| KORN FERRY INTL | 206 | 198 |
| KRYSTAL BIOTECH | 3,845 | 5,424 |
| LAM RESEARCH CORP | 38,368 | 80,283 |
| LOCKHEED MARTIN CORP | 30,886 | 30,471 |
| MARSH AND MCLENNAN COMPANIES I | 27,801 | 28,570 |
| MATSON INC | 5,794 | 7,289 |
| MCDONALD'S CORP | 33,264 | 33,314 |
| MERCK & CO INC | 52,542 | 63,998 |
| MERIT MEDICAL SYSTEMS, INC. | 3,834 | 4,143 |
| META PLATFORMS INC | 47,232 | 56,108 |
| MICRON TECHNOLOGY | 41,003 | 114,735 |
| MICROSOFT CORP | 49,800 | 61,420 |
| MIMEDX GROUP INC | 6,000 | 5,721 |
| MINERAL TECH INC | 3,700 | 3,840 |
| MONARCH CASINO AND RESORT INC | 3,143 | 3,541 |
| MUELLER IND INC | 4,710 | 6,658 |
| MUELLER WATER PRODUCTS INC | 5,868 | 5,479 |
| N J RESOURCES CP | 3,801 | 3,736 |
| NESTLE S.A | 14,531 | 16,002 |
| NETAPP, INC | 32,770 | 29,557 |
| NMI HOLDINGS, INC | 4,052 | 4,120 |
| NORTHEAST BANK | 3,857 | 4,053 |
| NORTHRIM BANCORP INC | 3,940 | 4,816 |
| NORTHROP GRUMMAN CORP | 41,201 | 49,038 |
| NVIDIA CORP | 30,961 | 51,288 |
| OLD SECOND BANCORP INC. | 3,881 | 4,427 |
| PENNYMAC FINANCIAL SERVICES IN | 3,305 | 4,087 |
| PEPSICO INC | 10,764 | 10,333 |
| PHOTRONICS INC COM | 3,887 | 5,472 |
| PRIMORIS SERVICES CORP | 2,114 | 3,476 |
| PROLOGIS | 49,678 | 60,128 |
| Q2 HOLDINGS INC | 3,845 | 3,824 |
| QCR HOLDINGS INC | 3,831 | 4,248 |
| QUALCOMM INC | 51,518 | 54,565 |
| QXO INC NEW | 43,075 | 38,349 |
| REAL ESTATE SELECT SECTOR SPDR | 24,737 | 24,573 |
| RUSH ENTERPRISES, INC | 3,876 | 3,884 |
| RYMAN HOSPITALITY PROPERTIES | 3,862 | 4,069 |
| SALESFORCE.COM | 5,196 | 5,828 |
| SANMINA-SCI CORPORATION | 2,720 | 5,102 |
| SELECT SECTOR SPDR INDUSTRIAL | 90,542 | 90,125 |
| SELECT SECTOR SPDR UTILITIES | 28,479 | 28,303 |
| SELECT SECTOR SPDR-HEALTH CARE | 47,888 | 48,298 |
| SEMPRA ENERGY COM | 43,059 | 43,086 |
| STAGWELL INC CL A | 3,926 | 3,418 |
| STERLING CONSTRUCTION COMPANY | 2,065 | 3,369 |
| T. ROWE PRICE GROUP | 45,744 | 46,583 |
| TANGER FACTORY OUTLET CENTERS | 3,899 | 3,871 |
| TAYLOR MORRISON HOME CORP | 416 | 412 |
| TECHNOLOGY SPDR | 171,031 | 173,196 |
| TERRENO RLTY CORPCOM | 4,139 | 3,992 |
| THE MAGNUM ICE CREAM COMPANY | 6,178 | 1,680 |
| TRAVEL+LEISURE CO | 3,669 | 4,655 |
| TRICO BANCSHARES | 4,008 | 4,169 |
| UNILEVER PLC AMER | 25,919 | 31,000 |
| UNION PACIFIC | 33,230 | 34,467 |
| UNITED THERAPEUTICS CORP | 47,962 | 78,447 |
| UNITY BANCORP | 3,622 | 4,189 |
| US BANCORP | 33,416 | 38,312 |
| VERISIGN INC | 35,311 | 45,432 |
| VERIZON COMMUNICATIONS | 29,090 | 29,203 |
| VICI PROPERTIES INC | 20,876 | 18,194 |
| VICTORY CAPITAL HOLDINGS, INC. | 3,861 | 3,785 |
| VISA INC | 50,122 | 50,853 |
| ZIFF DAVIS, INC | 3,363 | 3,620 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 15,131 | 15,131 | ||
| Bank Charges | 190 | 190 | ||
| Postage/Delivery Service | 14 | 14 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 38,713 | 38,713 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2025 | 2,300 | |||
| 990-PF Extension for 2024 | 400 | |||
| Foreign Tax Paid | 1,377 | 1,377 |