EXCHANGE BANK

Filed: 1/11/2024ACC: 0002001155-24-000001

📋 What this filing means

EXCHANGE BANK filed this quarterly 13F‑HR report disclosing 108 equity positions with a total reported market value of $115.43M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

108

Positions

$115.43M

Total AUM (reported)

1.05M

Total Shares

Allocation by class

COMMON STOCK$78.05M67.6%

MUTUAL FUNDS/FI$18.98M16.4%

MUTUAL FUNDS/EQ$12.43M10.8%

MUTUAL FUNDS /$5.24M4.5%

FOREIGN STOCK$740.4K0.6%

Portfolio Concentration

Top 3$20.81M18.0%

4–10$23.62M20.5%

11–25$26.28M22.8%

Rest$44.72M38.7%

Top 3 weight

18.0%

Top 10 weight

38.5%

Voting Authority Distribution

Total shares with voting rights: 1.05M

Sole

Full voting authority

1.01M

% of voting shares96.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

35.45K

% of voting shares3.4%

Investment Discretion (by position count)

Sole108

Shared0

Other0

Dominant voting typeSole · 96.6% of voting shares

Institutional Holdings108

Rows:

ISHARES CORE TOTAL US BOND

SOLE

MUTUAL FUNDS/FI

Shares103.18K

TypeSH

Market value$10.24M

8.87%

Sole

103.18K

Shared

0.00

None

0.00

APPLE INC

SOLE

COMMON STOCK

Shares30.45K

TypeSH

Market value$5.86M

5.08%

Sole

27.10K

Shared

0.00

None

3.35K

ISHARES NATIONAL AMT-FREE MUNI

SOLE

MUTUAL FUNDS /

Shares43.43K

TypeSH

Market value$4.71M

4.08%

Sole

43.43K

Shared

0.00

None

0.00

JOHNSON & JOHNSON

SOLE

COMMON STOCK

Shares26.99K

TypeSH

Market value$4.23M

3.66%

Sole

25.90K

Shared

0.00

None

1.09K

MICROSOFT CORP

SOLE

COMMON STOCK

Shares10.71K

TypeSH

Market value$4.03M

3.49%

Sole

9.30K

Shared

0.00

None

1.41K

CHEVRON CORP

SOLE

COMMON STOCK

Shares24.36K

TypeSH

Market value$3.63M

3.15%

Sole

24.03K

Shared

0.00

None

331.00

PROCTER & GAMBLE CO

SOLE

COMMON STOCK

Shares23.52K

TypeSH

Market value$3.45M

2.99%

Sole

23.07K

Shared

0.00

None

459.00

VANGUARD TOTAL BOND MARKET ETF

SOLE

MUTUAL FUNDS/FI

Shares38.82K

TypeSH

Market value$2.86M

2.47%

Sole

38.82K

Shared

0.00

None

0.00

VANGUARD TOTAL STOCK MARKET ETF

SOLE

MUTUAL FUNDS/EQ

Shares11.84K

TypeSH

Market value$2.81M

2.43%

Sole

11.84K

Shared

0.00

None

0.00

EXXON MOBIL CORP

SOLE

COMMON STOCK

Shares26.13K

TypeSH

Market value$2.61M

2.26%

Sole

23.09K

Shared

0.00

None

3.04K

UNION PACIFIC CORP

SOLE

COMMON STOCK

Shares10.13K

TypeSH

Market value$2.49M

2.16%

Sole

8.41K

Shared

0.00

None

1.72K

CATERPILLAR INC

SOLE

COMMON STOCK

Shares7.58K

TypeSH

Market value$2.24M

1.94%

Sole

7.51K

Shared

0.00

None

63.00

JP MORGAN CHASE & CO

SOLE

COMMON STOCK

Shares12.62K

TypeSH

Market value$2.15M

1.86%

Sole

12K

Shared

0.00

None

613.00

WALMART INC

SOLE

COMMON STOCK

Shares12.29K

TypeSH

Market value$1.94M

1.68%

Sole

12.17K

Shared

0.00

None

117.00

COCA-COLA CO

SOLE

COMMON STOCK

Shares31.57K

TypeSH

Market value$1.86M

1.61%

Sole

30.88K

Shared

0.00

None

695.00

ISHARES CORE S&P MID-CAP (MKT)

SOLE

MUTUAL FUNDS/EQ

Shares6.66K

TypeSH

Market value$1.85M

1.60%

Sole

6.66K

Shared

0.00

None

0.00

MERCK & CO INC

SOLE

COMMON STOCK

Shares16.11K

TypeSH

Market value$1.76M

1.52%

Sole

15.54K

Shared

0.00

None

566.00

BERKSHIRE HATHAWAY INC

SOLE

COMMON STOCK

Shares3.00

TypeSH

Market value$1.63M

1.41%

Sole

3.00

Shared

0.00

None

0.00

TARGET CORP

SOLE

COMMON STOCK

Shares11.43K

TypeSH

Market value$1.63M

1.41%

Sole

11.33K

Shared

0.00

None

96.00

BRISTOL-MYERS SQUIBB CO

SOLE

COMMON STOCK

Shares31.11K

TypeSH

Market value$1.60M

1.38%

Sole

30.35K

Shared

0.00

None

762.00

ISHARES CORE INTERNATIONAL

SOLE

MUTUAL FUNDS/FI

Shares30.41K

TypeSH

Market value$1.51M

1.31%

Sole

30.41K

Shared

0.00

None

0.00

SCHWAB US BROAD MARKET ETFT

SOLE

MUTUAL FUNDS/EQ

Shares26.16K

TypeSH

Market value$1.46M

1.26%

Sole

26.16K

Shared

0.00

None

0.00

NORFOLK SOUTHERN CORP

SOLE

COMMON STOCK

Shares6.16K

TypeSH

Market value$1.46M

1.26%

Sole

6.10K

Shared

0.00

None

56.00

AUTOMATIC DATA PROCESSING INC

SOLE

COMMON STOCK

Shares6.04K

TypeSH

Market value$1.41M

1.22%

Sole

5.94K

Shared

0.00

None

100.00

TEXAS INSTRUMENTS INC

SOLE

COMMON STOCK

Shares7.76K

TypeSH

Market value$1.32M

1.15%

Sole

7.50K

Shared

0.00

None

256.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES CORE TOTAL US BONDSOLE	MUTUAL FUNDS/FI	103.18K	SH	$10.24M 8.87%	103.18K	0.00
APPLE INCSOLE	COMMON STOCK	30.45K	SH	$5.86M 5.08%	27.10K	3.35K
ISHARES NATIONAL AMT-FREE MUNISOLE	MUTUAL FUNDS /	43.43K	SH	$4.71M 4.08%	43.43K	0.00
JOHNSON & JOHNSONSOLE	COMMON STOCK	26.99K	SH	$4.23M 3.66%	25.90K	1.09K
MICROSOFT CORPSOLE	COMMON STOCK	10.71K	SH	$4.03M 3.49%	9.30K	1.41K
CHEVRON CORPSOLE	COMMON STOCK	24.36K	SH	$3.63M 3.15%	24.03K	331.00
PROCTER & GAMBLE COSOLE	COMMON STOCK	23.52K	SH	$3.45M 2.99%	23.07K	459.00
VANGUARD TOTAL BOND MARKET ETFSOLE	MUTUAL FUNDS/FI	38.82K	SH	$2.86M 2.47%	38.82K	0.00
VANGUARD TOTAL STOCK MARKET ETFSOLE	MUTUAL FUNDS/EQ	11.84K	SH	$2.81M 2.43%	11.84K	0.00
EXXON MOBIL CORPSOLE	COMMON STOCK	26.13K	SH	$2.61M 2.26%	23.09K	3.04K
UNION PACIFIC CORPSOLE	COMMON STOCK	10.13K	SH	$2.49M 2.16%	8.41K	1.72K
CATERPILLAR INCSOLE	COMMON STOCK	7.58K	SH	$2.24M 1.94%	7.51K	63.00
JP MORGAN CHASE & COSOLE	COMMON STOCK	12.62K	SH	$2.15M 1.86%	12K	613.00
WALMART INCSOLE	COMMON STOCK	12.29K	SH	$1.94M 1.68%	12.17K	117.00
COCA-COLA COSOLE	COMMON STOCK	31.57K	SH	$1.86M 1.61%	30.88K	695.00
ISHARES CORE S&P MID-CAP (MKT)SOLE	MUTUAL FUNDS/EQ	6.66K	SH	$1.85M 1.60%	6.66K	0.00
MERCK & CO INCSOLE	COMMON STOCK	16.11K	SH	$1.76M 1.52%	15.54K	566.00
BERKSHIRE HATHAWAY INCSOLE	COMMON STOCK	3.00	SH	$1.63M 1.41%	3.00	0.00
TARGET CORPSOLE	COMMON STOCK	11.43K	SH	$1.63M 1.41%	11.33K	96.00
BRISTOL-MYERS SQUIBB COSOLE	COMMON STOCK	31.11K	SH	$1.60M 1.38%	30.35K	762.00
ISHARES CORE INTERNATIONALSOLE	MUTUAL FUNDS/FI	30.41K	SH	$1.51M 1.31%	30.41K	0.00
SCHWAB US BROAD MARKET ETFTSOLE	MUTUAL FUNDS/EQ	26.16K	SH	$1.46M 1.26%	26.16K	0.00
NORFOLK SOUTHERN CORPSOLE	COMMON STOCK	6.16K	SH	$1.46M 1.26%	6.10K	56.00
AUTOMATIC DATA PROCESSING INCSOLE	COMMON STOCK	6.04K	SH	$1.41M 1.22%	5.94K	100.00
TEXAS INSTRUMENTS INCSOLE	COMMON STOCK	7.76K	SH	$1.32M 1.15%	7.50K	256.00

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