EXCHANGE BANK

Filed: 1/13/2026ACC: 0002001155-26-000001

📋 What this filing means

EXCHANGE BANK filed this quarterly 13F‑HR report disclosing 121 equity positions with a total reported market value of $144.59M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

121

Positions

$144.59M

Total AUM (reported)

1.15M

Total Shares

Allocation by class

COMMON STOCK$104.83M72.5%

MUTUAL FUNDS/EQ$18.24M12.6%

MUTUAL FUNDS/FI$13.53M9.4%

MUTUAL FUNDS /$6.83M4.7%

FOREIGN STOCK$939.1K0.6%

PARTNERSHIPS$214.8K0.1%

Portfolio Concentration

Top 3$19.34M13.4%

4–10$27.28M18.9%

11–25$37.32M25.8%

Rest$60.64M41.9%

Top 3 weight

13.4%

Top 10 weight

32.2%

Voting Authority Distribution

Total shares with voting rights: 1.15M

Sole

Full voting authority

1.09M

% of voting shares95.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

57.83K

% of voting shares5.0%

Investment Discretion (by position count)

Sole121

Shared0

Other0

Dominant voting typeSole · 95.0% of voting shares

Institutional Holdings121

Rows:

APPLE INC

SOLE

COMMON STOCK

Shares29.03K

TypeSH

Market value$7.89M

5.46%

Sole

26.10K

Shared

0.00

None

2.94K

JOHNSON & JOHNSON

SOLE

COMMON STOCK

Shares28.74K

TypeSH

Market value$5.95M

4.11%

Sole

27.84K

Shared

0.00

None

897.00

ISHARES NATIONAL AMT-FREE MUNI

SOLE

MUTUAL FUNDS /

Shares51.38K

TypeSH

Market value$5.50M

3.81%

Sole

51.38K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COMMON STOCK

Shares9.93K

TypeSH

Market value$4.80M

3.32%

Sole

8.52K

Shared

0.00

None

1.41K

CATERPILLAR INC

SOLE

COMMON STOCK

Shares8.29K

TypeSH

Market value$4.75M

3.28%

Sole

8.22K

Shared

0.00

None

63.00

ISHARES CORE TOTAL US BOND

SOLE

MUTUAL FUNDS/FI

Shares36.77K

TypeSH

Market value$3.67M

2.54%

Sole

36.77K

Shared

0.00

None

0.00

VANGUARD TOTAL STOCK MARKET ETF

SOLE

MUTUAL FUNDS/EQ

Shares10.65K

TypeSH

Market value$3.57M

2.47%

Sole

10.65K

Shared

0.00

None

0.00

JP MORGAN CHASE & CO

SOLE

COMMON STOCK

Shares11.07K

TypeSH

Market value$3.57M

2.47%

Sole

10.46K

Shared

0.00

None

610.00

CHEVRON CORP

SOLE

COMMON STOCK

Shares22.84K

TypeSH

Market value$3.48M

2.41%

Sole

22.55K

Shared

0.00

None

298.00

INTERNATIONAL BUSINESS MACHS

SOLE

COMMON STOCK

Shares11.62K

TypeSH

Market value$3.44M

2.38%

Sole

11.49K

Shared

0.00

None

125.00

WALMART INC

SOLE

COMMON STOCK

Shares30.77K

TypeSH

Market value$3.43M

2.37%

Sole

30.42K

Shared

0.00

None

353.00

PROCTER & GAMBLE CO

SOLE

COMMON STOCK

Shares23.71K

TypeSH

Market value$3.40M

2.35%

Sole

23.27K

Shared

0.00

None

444.00

VANGUARD TOTAL BOND MARKET ETF

SOLE

MUTUAL FUNDS/FI

Shares44.13K

TypeSH

Market value$3.27M

2.26%

Sole

44.13K

Shared

0.00

None

0.00

EXXON MOBIL CORP

SOLE

COMMON STOCK

Shares25.50K

TypeSH

Market value$3.07M

2.12%

Sole

22.54K

Shared

0.00

None

2.97K

ALPHABET INC

SOLE

COMMON STOCK

Shares9.75K

TypeSH

Market value$3.05M

2.11%

Sole

8.20K

Shared

0.00

None

1.56K

NVIDIA CORPORATION

SOLE

COMMON STOCK

Shares14.73K

TypeSH

Market value$2.75M

1.90%

Sole

10.26K

Shared

0.00

None

4.47K

UNION PACIFIC CORP

SOLE

COMMON STOCK

Shares9.84K

TypeSH

Market value$2.28M

1.57%

Sole

8.12K

Shared

0.00

None

1.72K

BERKSHIRE HATHAWAY INC

SOLE

COMMON STOCK

Shares3.00

TypeSH

Market value$2.26M

1.57%

Sole

3.00

Shared

0.00

None

0.00

ISHARES CORE S&P MID-CAP (MKT)

SOLE

MUTUAL FUNDS/EQ

Shares32.31K

TypeSH

Market value$2.13M

1.48%

Sole

32.31K

Shared

0.00

None

0.00

COCA-COLA CO

SOLE

COMMON STOCK

Shares30.23K

TypeSH

Market value$2.11M

1.46%

Sole

29.55K

Shared

0.00

None

674.00

ALPHABET INC

SOLE

COMMON STOCK

Shares6.45K

TypeSH

Market value$2.02M

1.40%

Sole

5.79K

Shared

0.00

None

663.00

SCHWAB US BROAD MARKET ETFT

SOLE

MUTUAL FUNDS/EQ

Shares77.10K

TypeSH

Market value$2.02M

1.40%

Sole

77.10K

Shared

0.00

None

0.00

SPDR S&P 500 ETF

SOLE

MUTUAL FUNDS/EQ

Shares2.88K

TypeSH

Market value$1.96M

1.36%

Sole

2.88K

Shared

0.00

None

0.00

AMAZON COM INC SR

SOLE

COMMON STOCK

Shares8.05K

TypeSH

Market value$1.86M

1.28%

Sole

6.12K

Shared

0.00

None

1.92K

PHILIP MORRIS INTERNATIONAL INC

SOLE

COMMON STOCK

Shares10.60K

TypeSH

Market value$1.70M

1.18%

Sole

10.33K

Shared

0.00

None

270.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
APPLE INCSOLE	COMMON STOCK	29.03K	SH	$7.89M 5.46%	26.10K	2.94K
JOHNSON & JOHNSONSOLE	COMMON STOCK	28.74K	SH	$5.95M 4.11%	27.84K	897.00
ISHARES NATIONAL AMT-FREE MUNISOLE	MUTUAL FUNDS /	51.38K	SH	$5.50M 3.81%	51.38K	0.00
MICROSOFT CORPSOLE	COMMON STOCK	9.93K	SH	$4.80M 3.32%	8.52K	1.41K
CATERPILLAR INCSOLE	COMMON STOCK	8.29K	SH	$4.75M 3.28%	8.22K	63.00
ISHARES CORE TOTAL US BONDSOLE	MUTUAL FUNDS/FI	36.77K	SH	$3.67M 2.54%	36.77K	0.00
VANGUARD TOTAL STOCK MARKET ETFSOLE	MUTUAL FUNDS/EQ	10.65K	SH	$3.57M 2.47%	10.65K	0.00
JP MORGAN CHASE & COSOLE	COMMON STOCK	11.07K	SH	$3.57M 2.47%	10.46K	610.00
CHEVRON CORPSOLE	COMMON STOCK	22.84K	SH	$3.48M 2.41%	22.55K	298.00
INTERNATIONAL BUSINESS MACHSSOLE	COMMON STOCK	11.62K	SH	$3.44M 2.38%	11.49K	125.00
WALMART INCSOLE	COMMON STOCK	30.77K	SH	$3.43M 2.37%	30.42K	353.00
PROCTER & GAMBLE COSOLE	COMMON STOCK	23.71K	SH	$3.40M 2.35%	23.27K	444.00
VANGUARD TOTAL BOND MARKET ETFSOLE	MUTUAL FUNDS/FI	44.13K	SH	$3.27M 2.26%	44.13K	0.00
EXXON MOBIL CORPSOLE	COMMON STOCK	25.50K	SH	$3.07M 2.12%	22.54K	2.97K
ALPHABET INCSOLE	COMMON STOCK	9.75K	SH	$3.05M 2.11%	8.20K	1.56K
NVIDIA CORPORATIONSOLE	COMMON STOCK	14.73K	SH	$2.75M 1.90%	10.26K	4.47K
UNION PACIFIC CORPSOLE	COMMON STOCK	9.84K	SH	$2.28M 1.57%	8.12K	1.72K
BERKSHIRE HATHAWAY INCSOLE	COMMON STOCK	3.00	SH	$2.26M 1.57%	3.00	0.00
ISHARES CORE S&P MID-CAP (MKT)SOLE	MUTUAL FUNDS/EQ	32.31K	SH	$2.13M 1.48%	32.31K	0.00
COCA-COLA COSOLE	COMMON STOCK	30.23K	SH	$2.11M 1.46%	29.55K	674.00
ALPHABET INCSOLE	COMMON STOCK	6.45K	SH	$2.02M 1.40%	5.79K	663.00
SCHWAB US BROAD MARKET ETFTSOLE	MUTUAL FUNDS/EQ	77.10K	SH	$2.02M 1.40%	77.10K	0.00
SPDR S&P 500 ETFSOLE	MUTUAL FUNDS/EQ	2.88K	SH	$1.96M 1.36%	2.88K	0.00
AMAZON COM INC SRSOLE	COMMON STOCK	8.05K	SH	$1.86M 1.28%	6.12K	1.92K
PHILIP MORRIS INTERNATIONAL INCSOLE	COMMON STOCK	10.60K	SH	$1.70M 1.18%	10.33K	270.00

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