# EDGAR Filing Document

**Accession Number:** 0000717538
**File Stem:** 0000717538-25-000082
**Filing Date:** 2025-8
**Character Count:** 33177
**Document Hash:** d7f48f1d075863deafdfcf302f019ebb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000717538-25-000082.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0000717538-25-000082

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARROW FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000717538
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 222448962
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12533
- **FILM NUMBER:** 251201482

**BUSINESS ADDRESS:**
- **STREET 1:** 250 GLEN ST
- **CITY:** GLENS FALLS
- **STATE:** NY
- **ZIP:** 12801
- **BUSINESS PHONE:** 5184154299

**MAIL ADDRESS:**
- **STREET 1:** 250 GLEN STREET
- **CITY:** GLENS FALLS
- **STATE:** NY
- **ZIP:** 12801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARROW BANK CORP
- **DATE OF NAME CHANGE:** 19900710

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Arrow Financial Corp<br>**Address:** 250 GLEN STREET<br>Glens Falls, NY 12801

**Form 13F File Number:** 028-12533

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Penko Ivanov<br>**Title:** Chief Financial Officer<br>**Phone:** 518-415-4512

**Signature, Place, and Date of Signing:**

/s/ Penko Ivanov  Glens Falls, NY  08-08-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 286

**Form 13F Information Table Value Total:** $949676486

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                            | Form 13F File Number   |
|:---|:---|:---|
|  | ARROW BANK NATIONAL ASSOCIATION |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AT INC | Equities | 00206R102 |  | 250563 | 8658 | SH |  | DFND | 2 | 8658 | 0 | 0 |
| ABBOTT LABS | Equities | 002824100 |  | 2396904 | 17623 | SH |  | DFND | 2 | 17623 | 0 | 0 |
| ABBVIE INC | Equities | 00287Y109 |  | 826195 | 4451 | SH |  | DFND | 2 | 4451 | 0 | 0 |
| ADOBE INC | Equities | 00724F101 |  | 2543349 | 6574 | SH |  | DFND | 2 | 6574 | 0 | 0 |
| ALPHABET INC CL C | Equities | 02079K107 |  | 1849646 | 10427 | SH |  | DFND | 2 | 10427 | 0 | 0 |
| ALPHABET INC CL A | Equities | 02079K305 |  | 9191628 | 52157 | SH |  | DFND | 2 | 52157 | 0 | 0 |
| AMAZON.COM INC | Equities | 023135106 |  | 8174033 | 37258 | SH |  | DFND | 2 | 37258 | 0 | 0 |
| AMERICAN ELEC PWR INC | Equities | 025537101 |  | 559578 | 5393 | SH |  | DFND | 2 | 5393 | 0 | 0 |
| AMERICAN EXPRESS CO | Equities | 025816109 |  | 521213 | 1634 | SH |  | DFND | 2 | 1634 | 0 | 0 |
| AMERICAN WATER WORKS CO INC | Equities | 030420103 |  | 1004096 | 7218 | SH |  | DFND | 2 | 7218 | 0 | 0 |
| AMGEN INC | Equities | 031162100 |  | 2704986 | 9688 | SH |  | DFND | 2 | 9688 | 0 | 0 |
| AMPHENOL CORP CL A | Equities | 032095101 |  | 4257409 | 43113 | SH |  | DFND | 2 | 43113 | 0 | 0 |
| APPLE INC | Equities | 037833100 |  | 13371750 | 65174 | SH |  | DFND | 2 | 65174 | 0 | 0 |
| APPLIED MATERIALS INC | Equities | 038222105 |  | 308473 | 1685 | SH |  | DFND | 2 | 1685 | 0 | 0 |
| ARROW FINANCIAL CORPORATION | Equities | 042744102 |  | 49580538 | 1876629 | SH |  | DFND | 2 | 1876629 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC | Equities | 053015103 |  | 159443 | 517 | SH |  | DFND | 2 | 517 | 0 | 0 |
| BANK OF AMERICA CORP | Equities | 060505104 |  | 3018732 | 63794 | SH |  | DFND | 2 | 63794 | 0 | 0 |
| BERKSHIRE HATHAWAY INC-CL B | Equities | 084670702 |  | 4061037 | 8360 | SH |  | DFND | 2 | 8360 | 0 | 0 |
| BLACKROCK INC | Equities | 09290D101 |  | 3582140 | 3414 | SH |  | DFND | 2 | 3414 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | Equities | 110122108 |  | 235338 | 5084 | SH |  | DFND | 2 | 5084 | 0 | 0 |
| BROADCOM INC | Equities | 11135F101 |  | 821437 | 2980 | SH |  | DFND | 2 | 2980 | 0 | 0 |
| CARRIER GLOBAL CORP | Equities | 14448C104 |  | 35570 | 486 | SH |  | DFND | 2 | 486 | 0 | 0 |
| CATERPILLAR INC | Equities | 149123101 |  | 2484544 | 6400 | SH |  | DFND | 2 | 6400 | 0 | 0 |
| CHESAPEAKE UTILITIES CORP | Equities | 165303108 |  | 298146 | 2480 | SH |  | DFND | 2 | 2480 | 0 | 0 |
| CHEVRON CORPORATION | Equities | 166764100 |  | 866156 | 6049 | SH |  | DFND | 2 | 6049 | 0 | 0 |
| CISCO SYSTEMS INC | Equities | 17275R102 |  | 3407252 | 49110 | SH |  | DFND | 2 | 49110 | 0 | 0 |
| COCA COLA CO | Equities | 191216100 |  | 2266972 | 32042 | SH |  | DFND | 2 | 32042 | 0 | 0 |
| COLGATE PALMOLIVE CO | Equities | 194162103 |  | 200798 | 2209 | SH |  | DFND | 2 | 2209 | 0 | 0 |
| CONOCOPHILLIPS | Equities | 20825C104 |  | 1292615 | 14404 | SH |  | DFND | 2 | 14404 | 0 | 0 |
| COSTCO WHOLESALE CORP | Equities | 22160K105 |  | 3495478 | 3531 | SH |  | DFND | 2 | 3531 | 0 | 0 |
| CUMMINS INC | Equities | 231021106 |  | 1516325 | 4630 | SH |  | DFND | 2 | 4630 | 0 | 0 |
| DANAHER CORP | Equities | 235851102 |  | 1642348 | 8314 | SH |  | DFND | 2 | 8314 | 0 | 0 |
| DISNEY WALT CO NEW | Equities | 254687106 |  | 2858182 | 23048 | SH |  | DFND | 2 | 23048 | 0 | 0 |
| DOLLAR TREE INC | Equities | 256746108 |  | 281274 | 2840 | SH |  | DFND | 2 | 2840 | 0 | 0 |
| DOMINION ENERGY INC | Equities | 25746U109 |  | 772685 | 13671 | SH |  | DFND | 2 | 13671 | 0 | 0 |
| EASTMAN CHEMICAL CO | Equities | 277432100 |  | 705612 | 9451 | SH |  | DFND | 2 | 9451 | 0 | 0 |
| ECOLAB INC | Equities | 278865100 |  | 488495 | 1813 | SH |  | DFND | 2 | 1813 | 0 | 0 |
| EMERSON ELEC CO | Equities | 291011104 |  | 180929 | 1357 | SH |  | DFND | 2 | 1357 | 0 | 0 |
| EXXON MOBIL CORP | Equities | 30231G102 |  | 2555507 | 23706 | SH |  | DFND | 2 | 23706 | 0 | 0 |
| META PLATFORMS INC CL A | Equities | 30303M102 |  | 5440461 | 7371 | SH |  | DFND | 2 | 7371 | 0 | 0 |
| FISERV INC | Equities | 337738108 |  | 387923 | 2250 | SH |  | DFND | 2 | 2250 | 0 | 0 |
| FORD MOTOR CO DEL | Equities | 345370860 |  | 113925 | 10500 | SH |  | DFND | 2 | 10500 | 0 | 0 |
| GE VERNOVA LLC | Equities | 36828A101 |  | 424378 | 802 | SH |  | DFND | 2 | 802 | 0 | 0 |
| GENERAL DYNAMICS CORP | Equities | 369550108 |  | 1982705 | 6798 | SH |  | DFND | 2 | 6798 | 0 | 0 |
| GE AEROSPACE | Equities | 369604301 |  | 802799 | 3119 | SH |  | DFND | 2 | 3119 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | Equities | 38141G104 |  | 234973 | 332 | SH |  | DFND | 2 | 332 | 0 | 0 |
| HOME DEPOT INC | Equities | 437076102 |  | 4695558 | 12807 | SH |  | DFND | 2 | 12807 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | Equities | 438516106 |  | 2315293 | 9942 | SH |  | DFND | 2 | 9942 | 0 | 0 |
| INGERSOLL-RAND INC | Equities | 45687V106 |  | 1268079 | 15245 | SH |  | DFND | 2 | 15245 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE GROUP INC | Equities | 45866F104 |  | 3494737 | 19048 | SH |  | DFND | 2 | 19048 | 0 | 0 |
| INTL. BUSINESS MACHINES CORP | Equities | 459200101 |  | 278272 | 944 | SH |  | DFND | 2 | 944 | 0 | 0 |
| INVESCO QQQ TRUST SERIES 1 | Equities | 46090E103 |  | 87082994 | 157862 | SH |  | DFND | 2 | 157862 | 0 | 0 |
| ISHARES CORE S 500 ETF | Equities | 464287200 |  | 822693 | 1325 | SH |  | DFND | 2 | 1325 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE | Equities | 464287226 |  | 6477859 | 65301 | SH |  | DFND | 2 | 65301 | 0 | 0 |
| ISHARES BARCLAYS 1-3 YEAR TR ETF | Equities | 464287457 |  | 143016 | 1726 | SH |  | DFND | 2 | 1726 | 0 | 0 |
| ISHARES RUSSELL MIDCAP ETF | Equities | 464287499 |  | 374870 | 4076 | SH |  | DFND | 2 | 4076 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | Equities | 464287507 |  | 53894078 | 868980 | SH |  | DFND | 2 | 868980 | 0 | 0 |
| ISHARES CORE S SMALL-CAP ETF | Equities | 464287804 |  | 41285504 | 377763 | SH |  | DFND | 2 | 377763 | 0 | 0 |
| ISHARES NEW YORK MUNI BOND ETF | Mutual Funds | 464288323 |  | 4498379 | 86275 | SH |  | DFND | 2 | 86275 | 0 | 0 |
| ISHARES NATIONAL MUNI BOND ETF | Mutual Funds | 464288414 |  | 1293253 | 12378 | SH |  | DFND | 2 | 12378 | 0 | 0 |
| ISHARES 1-5Y INV GRADE CORP ETF | Equities | 464288646 |  | 270395 | 5125 | SH |  | DFND | 2 | 5125 | 0 | 0 |
| ISHARES 10-20 YEAR TREASURY BOND ETF | Equities | 464288653 |  | 5267147 | 51842 | SH |  | DFND | 2 | 51842 | 0 | 0 |
| ISHARES IBONDS DEC 2025 TERM CORP | Equities | 46434VBD1 |  | 11732848 | 465959 | SH |  | DFND | 2 | 465959 | 0 | 0 |
| ISHARES ESG AWARE 1-5 YEAR USD ETF | Equities | 46435G243 |  | 617798 | 24545 | SH |  | DFND | 2 | 24545 | 0 | 0 |
| ISHARES CORE MSCI DEV MKTS ETF | Equities | 46435G326 |  | 37929208 | 498806 | SH |  | DFND | 2 | 498806 | 0 | 0 |
| ISHARES IBONDS DEC 2026 TERM CORP | Equities | 46435GAA0 |  | 13726203 | 566029 | SH |  | DFND | 2 | 566029 | 0 | 0 |
| ISHARES IBONDS 2025 H/Y INC ETF | Equities | 46435U168 |  | 19284513 | 829263 | SH |  | DFND | 2 | 829263 | 0 | 0 |
| ISHARES IBONDS DEC 2026 MUNI ETF | Mutual Funds | 46435U259 |  | 242163 | 9451 | SH |  | DFND | 2 | 9451 | 0 | 0 |
| ISHARES IBONDS DEC 2027 MUNI ETF | Mutual Funds | 46435U283 |  | 241256 | 9517 | SH |  | DFND | 2 | 9517 | 0 | 0 |
| ISHARES IBONDS DEC 2028 TERM MUNI | Mutual Funds | 46435U325 |  | 240074 | 9448 | SH |  | DFND | 2 | 9448 | 0 | 0 |
| ISHARES IBONDS DEC 2025 MUNI ETF | Mutual Funds | 46435U432 |  | 241032 | 9006 | SH |  | DFND | 2 | 9006 | 0 | 0 |
| ISHARES IBONDS DEC 2028 TERM CORP | Equities | 46435U515 |  | 14000294 | 550759 | SH |  | DFND | 2 | 550759 | 0 | 0 |
| ISHARES IBONDS DEC 2027 TERM CORP | Equities | 46435UAA9 |  | 13635250 | 561815 | SH |  | DFND | 2 | 561815 | 0 | 0 |
| ISHARES IBONDS DEC 2033 CORP | Equities | 46436E130 |  | 14335545 | 553389 | SH |  | DFND | 2 | 553389 | 0 | 0 |
| ISHARES IBONDS DEC 2029 TERM CORP | Equities | 46436E205 |  | 14106018 | 604630 | SH |  | DFND | 2 | 604630 | 0 | 0 |
| ISHARES IBONDS DEC 2032 TC ETF | Equities | 46436E312 |  | 14632508 | 578703 | SH |  | DFND | 2 | 578703 | 0 | 0 |
| ISHARES IBONDS DEC 2031 TERM CORP | Equities | 46436E486 |  | 14246142 | 677098 | SH |  | DFND | 2 | 677098 | 0 | 0 |
| ISHARES IBONDS 2026 TERM HIGH YIELD AND INC | Equities | 46436E528 |  | 16809716 | 723621 | SH |  | DFND | 2 | 723621 | 0 | 0 |
| ISHARES IBONDS DEC 2030 TERM CORP | Equities | 46436E726 |  | 14179232 | 645097 | SH |  | DFND | 2 | 645097 | 0 | 0 |
| ISHARES IBONDS DEC 2034 TM CORP | Equities | 46438G653 |  | 6216249 | 237897 | SH |  | DFND | 2 | 237897 | 0 | 0 |
| JP MORGAN CHASE  CO | Equities | 46625H100 |  | 5884013 | 20296 | SH |  | DFND | 2 | 20296 | 0 | 0 |
| JOHNSON  JOHNSON | Equities | 478160104 |  | 2308205 | 15111 | SH |  | DFND | 2 | 15111 | 0 | 0 |
| LENNAR CORP CL A | Equities | 526057104 |  | 466332 | 4216 | SH |  | DFND | 2 | 4216 | 0 | 0 |
| LILLY ELI  CO | Equities | 532457108 |  | 2985600 | 3830 | SH |  | DFND | 2 | 3830 | 0 | 0 |
| LOCKHEED MARTIN CORP | Equities | 539830109 |  | 243149 | 525 | SH |  | DFND | 2 | 525 | 0 | 0 |
| LOWES COS INC | Equities | 548661107 |  | 997306 | 4495 | SH |  | DFND | 2 | 4495 | 0 | 0 |
| MARVELL TECHNOLOGY INC | Equities | 573874104 |  | 1601948 | 20697 | SH |  | DFND | 2 | 20697 | 0 | 0 |
| MASCO CORP | Equities | 574599106 |  | 1510594 | 23471 | SH |  | DFND | 2 | 23471 | 0 | 0 |
| MASTERCARD INC CL A | Equities | 57636Q104 |  | 2035347 | 3622 | SH |  | DFND | 2 | 3622 | 0 | 0 |
| MCDONALDS CORP | Equities | 580135101 |  | 2621057 | 8971 | SH |  | DFND | 2 | 8971 | 0 | 0 |
| MERCK  CO INC | Equities | 58933Y105 |  | 559028 | 7062 | SH |  | DFND | 2 | 7062 | 0 | 0 |
| MICROSOFT CORP | Equities | 594918104 |  | 15361016 | 30882 | SH |  | DFND | 2 | 30882 | 0 | 0 |
| MORGAN STANLEY | Equities | 617446448 |  | 2149805 | 15262 | SH |  | DFND | 2 | 15262 | 0 | 0 |
| NATIONAL GRID PLC SPONS ADR | Equities | 636274409 |  | 240568 | 3233 | SH |  | DFND | 2 | 3233 | 0 | 0 |
| NETFLIX INC | Equities | 64110L106 |  | 4220938 | 3152 | SH |  | DFND | 2 | 3152 | 0 | 0 |
| NEXTERA ENERGY INC | Equities | 65339F101 |  | 476915 | 6870 | SH |  | DFND | 2 | 6870 | 0 | 0 |
| NVIDIA CORP | Equities | 67066G104 |  | 14808561 | 93731 | SH |  | DFND | 2 | 93731 | 0 | 0 |
| NUVEEN ESG SMALL-CAP ETF | Equities | 67092P607 |  | 209811 | 5150 | SH |  | DFND | 2 | 5150 | 0 | 0 |
| ORACLE CORPORATION | Equities | 68389X105 |  | 6077258 | 27797 | SH |  | DFND | 2 | 27797 | 0 | 0 |
| PALO ALTO NETWORKS INC | Equities | 697435105 |  | 2062362 | 10078 | SH |  | DFND | 2 | 10078 | 0 | 0 |
| PAYCHEX INC | Equities | 704326107 |  | 319721 | 2198 | SH |  | DFND | 2 | 2198 | 0 | 0 |
| PAYPAL HOLDINGS INC | Equities | 70450Y103 |  | 224892 | 3026 | SH |  | DFND | 2 | 3026 | 0 | 0 |
| PEPSICO INC | Equities | 713448108 |  | 952272 | 7212 | SH |  | DFND | 2 | 7212 | 0 | 0 |
| PFIZER INC | Equities | 717081103 |  | 68017 | 2806 | SH |  | DFND | 2 | 2806 | 0 | 0 |
| PIMCO ENHANCED SHORT MATURITY ETF | Equities | 72201R833 |  | 1316104 | 13091 | SH |  | DFND | 2 | 13091 | 0 | 0 |
| T ROWE PRICE GROUP INC | Equities | 74144T108 |  | 140215 | 1453 | SH |  | DFND | 2 | 1453 | 0 | 0 |
| PROCTER  GAMBLE CO | Equities | 742718109 |  | 2580187 | 16195 | SH |  | DFND | 2 | 16195 | 0 | 0 |
| QUANTA SERVICES INC | Equities | 74762E102 |  | 1594741 | 4218 | SH |  | DFND | 2 | 4218 | 0 | 0 |
| RTX CORPORATION | Equities | 75513E101 |  | 303430 | 2078 | SH |  | DFND | 2 | 2078 | 0 | 0 |
| SPDR S 500 ETF TRUST | Equities | 78462F103 |  | 4519573 | 7315 | SH |  | DFND | 2 | 7315 | 0 | 0 |
| SPDR GOLD TRUST | Equities | 78463V107 |  | 535586 | 1757 | SH |  | DFND | 2 | 1757 | 0 | 0 |
| SPDR PORTFOLIO S 500 GROWTH ETF | Equities | 78464A409 |  | 461539 | 4842 | SH |  | DFND | 2 | 4842 | 0 | 0 |
| SPDR PORTFOLIO S 500 VALUE ETF | Equities | 78464A508 |  | 41764075 | 797938 | SH |  | DFND | 2 | 797938 | 0 | 0 |
| SPDR S DIVIDEND ETF | Equities | 78464A763 |  | 233320 | 1719 | SH |  | DFND | 2 | 1719 | 0 | 0 |
| SALESFORCE INC | Equities | 79466L302 |  | 4096895 | 15024 | SH |  | DFND | 2 | 15024 | 0 | 0 |
| MATERIALS SELECT SECTOR SPDR FUND | Equities | 81369Y100 |  | 1188967 | 13542 | SH |  | DFND | 2 | 13542 | 0 | 0 |
| HEALTH CARE SELECT SECTOR SPDR FUND | Equities | 81369Y209 |  | 452355 | 3356 | SH |  | DFND | 2 | 3356 | 0 | 0 |
| CONS STAPLES SELECT SECT SPDR FUND | Equities | 81369Y308 |  | 68096 | 841 | SH |  | DFND | 2 | 841 | 0 | 0 |
| CONS DISC SELECT SECTOR SPDR FUND | Equities | 81369Y407 |  | 219503 | 1010 | SH |  | DFND | 2 | 1010 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | Equities | 81369Y506 |  | 191416 | 2257 | SH |  | DFND | 2 | 2257 | 0 | 0 |
| FINANCIAL SELECT SECTOR SPDR FUND | Equities | 81369Y605 |  | 660176 | 12606 | SH |  | DFND | 2 | 12606 | 0 | 0 |
| INDUSTRIAL SELECT SECTOR SPDR FUND | Equities | 81369Y704 |  | 479440 | 3250 | SH |  | DFND | 2 | 3250 | 0 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | Equities | 81369Y803 |  | 929861 | 3672 | SH |  | DFND | 2 | 3672 | 0 | 0 |
| COMM. SERV. SELECT SECTOR SPDR FUND | Equities | 81369Y852 |  | 99848 | 920 | SH |  | DFND | 2 | 920 | 0 | 0 |
| REAL ESTATE SELECT SECTOR SPDR FUND | Equities | 81369Y860 |  | 9622819 | 232323 | SH |  | DFND | 2 | 232323 | 0 | 0 |
| UTILITIES SELECT SECTOR SPDR FUND | Equities | 81369Y886 |  | 841506 | 10305 | SH |  | DFND | 2 | 10305 | 0 | 0 |
| SNOWFLAKE INC CL A | Equities | 833445109 |  | 650052 | 2905 | SH |  | DFND | 2 | 2905 | 0 | 0 |
| SOUTHERN COMPANY | Equities | 842587107 |  | 417643 | 4548 | SH |  | DFND | 2 | 4548 | 0 | 0 |
| STARBUCKS CORP | Equities | 855244109 |  | 243094 | 2653 | SH |  | DFND | 2 | 2653 | 0 | 0 |
| STRYKER CORPORATION | Equities | 863667101 |  | 3005601 | 7597 | SH |  | DFND | 2 | 7597 | 0 | 0 |
| SYSCO CORP | Equities | 871829107 |  | 916908 | 12106 | SH |  | DFND | 2 | 12106 | 0 | 0 |
| TJX COS INC | Equities | 872540109 |  | 2575878 | 20859 | SH |  | DFND | 2 | 20859 | 0 | 0 |
| T-MOBILE US INC | Equities | 872590104 |  | 2478142 | 10401 | SH |  | DFND | 2 | 10401 | 0 | 0 |
| TERADYNE INC | Equities | 880770102 |  | 763601 | 8492 | SH |  | DFND | 2 | 8492 | 0 | 0 |
| TESLA INC | Equities | 88160R101 |  | 1335125 | 4203 | SH |  | DFND | 2 | 4203 | 0 | 0 |
| TEXAS INSTRUMENTS INC | Equities | 882508104 |  | 759682 | 3659 | SH |  | DFND | 2 | 3659 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | Equities | 883556102 |  | 1986349 | 4899 | SH |  | DFND | 2 | 4899 | 0 | 0 |
| 3M CO | Equities | 88579Y101 |  | 254241 | 1670 | SH |  | DFND | 2 | 1670 | 0 | 0 |
| TRAVELERS COMPANIES INC | Equities | 89417E109 |  | 2344988 | 8765 | SH |  | DFND | 2 | 8765 | 0 | 0 |
| UBER TECHNOLOGIES INC | Equities | 90353T100 |  | 233250 | 2500 | SH |  | DFND | 2 | 2500 | 0 | 0 |
| UNION PAC CORP | Equities | 907818108 |  | 1845012 | 8019 | SH |  | DFND | 2 | 8019 | 0 | 0 |
| UNITEDHEALTH GROUP INC | Equities | 91324P102 |  | 1481858 | 4750 | SH |  | DFND | 2 | 4750 | 0 | 0 |
| VANGUARD TOTAL BOND MARKET ETF | Equities | 921937835 |  | 1591439 | 21614 | SH |  | DFND | 2 | 21614 | 0 | 0 |
| VANGUARD SHORT TERM CORP BOND ETF | Equities | 92206C409 |  | 5082674 | 63933 | SH |  | DFND | 2 | 63933 | 0 | 0 |
| VANGUARD S 500 ETF | Equities | 922908363 |  | 121414708 | 213747 | SH |  | DFND | 2 | 213747 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | Equities | 922908553 |  | 540060 | 6064 | SH |  | DFND | 2 | 6064 | 0 | 0 |
| VANGUARD MID-CAP ETF | Equities | 922908629 |  | 26078224 | 93194 | SH |  | DFND | 2 | 93194 | 0 | 0 |
| VANGUARD SMALL-CAP ETF | Equities | 922908751 |  | 10729506 | 45276 | SH |  | DFND | 2 | 45276 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | Equities | 922908769 |  | 418816 | 1378 | SH |  | DFND | 2 | 1378 | 0 | 0 |
| VERIZON COMMUNICATIONS | Equities | 92343V104 |  | 446633 | 10322 | SH |  | DFND | 2 | 10322 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | Equities | 92532F100 |  | 1275943 | 2866 | SH |  | DFND | 2 | 2866 | 0 | 0 |
| VISA INC CL A | Equities | 92826C839 |  | 4533989 | 12770 | SH |  | DFND | 2 | 12770 | 0 | 0 |
| WALMART INC | Equities | 931142103 |  | 3090924 | 31611 | SH |  | DFND | 2 | 31611 | 0 | 0 |
| WELLS FARGO  CO | Equities | 949746101 |  | 389543 | 4862 | SH |  | DFND | 2 | 4862 | 0 | 0 |
| WILLIAMS COS INC | Equities | 969457100 |  | 2303306 | 36671 | SH |  | DFND | 2 | 36671 | 0 | 0 |
| YUM BRANDS INC | Equities | 988498101 |  | 1389484 | 9377 | SH |  | DFND | 2 | 9377 | 0 | 0 |
| EATON CORP PLC | Equities | G29183103 |  | 46409 | 130 | SH |  | DFND | 2 | 130 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV | Equities | N53745100 |  | 538156 | 9301 | SH |  | DFND | 2 | 9301 | 0 | 0 |
| AT INC | Equities | 00206R102 |  | 36841 | 1273 | SH |  | OTR | 2 | 0 | 1273 | 0 |
| ABBOTT LABS | Equities | 002824100 |  | 57940 | 426 | SH |  | OTR | 2 | 0 | 426 | 0 |
| ABBVIE INC | Equities | 00287Y109 |  | 241306 | 1300 | SH |  | OTR | 2 | 0 | 1300 | 0 |
| ADOBE INC | Equities | 00724F101 |  | 73894 | 191 | SH |  | OTR | 2 | 0 | 191 | 0 |
| ALPHABET INC CL C | Equities | 02079K107 |  | 194242 | 1095 | SH |  | OTR | 2 | 0 | 1095 | 0 |
| ALPHABET INC CL A | Equities | 02079K305 |  | 949703 | 5389 | SH |  | OTR | 2 | 0 | 5389 | 0 |
| AMAZON.COM INC | Equities | 023135106 |  | 473882 | 2160 | SH |  | OTR | 2 | 0 | 2160 | 0 |
| AMERICAN EXPRESS CO | Equities | 025816109 |  | 318980 | 1000 | SH |  | OTR | 2 | 0 | 1000 | 0 |
| AMERICAN WATER WORKS CO INC | Equities | 030420103 |  | 35334 | 254 | SH |  | OTR | 2 | 0 | 254 | 0 |
| AMGEN INC | Equities | 031162100 |  | 89626 | 321 | SH |  | OTR | 2 | 0 | 321 | 0 |
| AMPHENOL CORP CL A | Equities | 032095101 |  | 113365 | 1148 | SH |  | OTR | 2 | 0 | 1148 | 0 |
| APPLE INC | Equities | 037833100 |  | 1361508 | 6636 | SH |  | OTR | 2 | 0 | 6636 | 0 |
| ARROW FINANCIAL CORPORATION | Equities | 042744102 |  | 308876 | 11691 | SH |  | OTR | 2 | 0 | 11691 | 0 |
| AUTOMATIC DATA PROCESSING INC | Equities | 053015103 |  | 728132 | 2361 | SH |  | OTR | 2 | 0 | 2361 | 0 |
| BANK OF AMERICA CORP | Equities | 060505104 |  | 190700 | 4030 | SH |  | OTR | 2 | 0 | 4030 | 0 |
| BERKSHIRE HATHAWAY INC-CL B | Equities | 084670702 |  | 459053 | 945 | SH |  | OTR | 2 | 0 | 945 | 0 |
| BLACKROCK INC | Equities | 09290D101 |  | 208801 | 199 | SH |  | OTR | 2 | 0 | 199 | 0 |
| BRISTOL MYERS SQUIBB CO | Equities | 110122108 |  | 71055 | 1535 | SH |  | OTR | 2 | 0 | 1535 | 0 |
| CARRIER GLOBAL CORP | Equities | 14448C104 |  | 343993 | 4700 | SH |  | OTR | 2 | 0 | 4700 | 0 |
| CATERPILLAR INC | Equities | 149123101 |  | 399468 | 1029 | SH |  | OTR | 2 | 0 | 1029 | 0 |
| CHEVRON CORPORATION | Equities | 166764100 |  | 279077 | 1949 | SH |  | OTR | 2 | 0 | 1949 | 0 |
| CISCO SYSTEMS INC | Equities | 17275R102 |  | 87766 | 1265 | SH |  | OTR | 2 | 0 | 1265 | 0 |
| COCA COLA CO | Equities | 191216100 |  | 121407 | 1716 | SH |  | OTR | 2 | 0 | 1716 | 0 |
| COLGATE PALMOLIVE CO | Equities | 194162103 |  | 501314 | 5515 | SH |  | OTR | 2 | 0 | 5515 | 0 |
| CONOCOPHILLIPS | Equities | 20825C104 |  | 101496 | 1131 | SH |  | OTR | 2 | 0 | 1131 | 0 |
| COSTCO WHOLESALE CORP | Equities | 22160K105 |  | 89095 | 90 | SH |  | OTR | 2 | 0 | 90 | 0 |
| CUMMINS INC | Equities | 231021106 |  | 47815 | 146 | SH |  | OTR | 2 | 0 | 146 | 0 |
| DANAHER CORP | Equities | 235851102 |  | 21532 | 109 | SH |  | OTR | 2 | 0 | 109 | 0 |
| DISNEY WALT CO NEW | Equities | 254687106 |  | 151168 | 1219 | SH |  | OTR | 2 | 0 | 1219 | 0 |
| DOMINION ENERGY INC | Equities | 25746U109 |  | 23625 | 418 | SH |  | OTR | 2 | 0 | 418 | 0 |
| ECOLAB INC | Equities | 278865100 |  | 229024 | 850 | SH |  | OTR | 2 | 0 | 850 | 0 |
| EMERSON ELEC CO | Equities | 291011104 |  | 349325 | 2620 | SH |  | OTR | 2 | 0 | 2620 | 0 |
| EXXON MOBIL CORP | Equities | 30231G102 |  | 829629 | 7696 | SH |  | OTR | 2 | 0 | 7696 | 0 |
| META PLATFORMS INC CL A | Equities | 30303M102 |  | 335093 | 454 | SH |  | OTR | 2 | 0 | 454 | 0 |
| GENERAL DYNAMICS CORP | Equities | 369550108 |  | 29166 | 100 | SH |  | OTR | 2 | 0 | 100 | 0 |
| GOLDMAN SACHS GROUP INC | Equities | 38141G104 |  | 17694 | 25 | SH |  | OTR | 2 | 0 | 25 | 0 |
| HOME DEPOT INC | Equities | 437076102 |  | 486898 | 1328 | SH |  | OTR | 2 | 0 | 1328 | 0 |
| HONEYWELL INTERNATIONAL INC | Equities | 438516106 |  | 108056 | 464 | SH |  | OTR | 2 | 0 | 464 | 0 |
| INGERSOLL-RAND INC | Equities | 45687V106 |  | 55731 | 670 | SH |  | OTR | 2 | 0 | 670 | 0 |
| INTERCONTINENTAL EXCHANGE GROUP INC | Equities | 45866F104 |  | 130998 | 714 | SH |  | OTR | 2 | 0 | 714 | 0 |
| INTL. BUSINESS MACHINES CORP | Equities | 459200101 |  | 1097466 | 3723 | SH |  | OTR | 2 | 0 | 3723 | 0 |
| INVESCO QQQ TRUST SERIES 1 | Equities | 46090E103 |  | 283543 | 514 | SH |  | OTR | 2 | 0 | 514 | 0 |
| INTUIT INC | Equities | 461202103 |  | 590723 | 750 | SH |  | OTR | 2 | 0 | 750 | 0 |
| ISHARES BARCLAYS 1-3 YEAR TR ETF | Equities | 464287457 |  | 124290 | 1500 | SH |  | OTR | 2 | 0 | 1500 | 0 |
| ISHARES CORE S MID-CAP ETF | Equities | 464287507 |  | 289757 | 4672 | SH |  | OTR | 2 | 0 | 4672 | 0 |
| ISHARES CORE S SMALL-CAP ETF | Equities | 464287804 |  | 733769 | 6714 | SH |  | OTR | 2 | 0 | 6714 | 0 |
| ISHARES 1-5Y INV GRADE CORP ETF | Equities | 464288646 |  | 79140 | 1500 | SH |  | OTR | 2 | 0 | 1500 | 0 |
| ISHARES 10-20 YEAR TREASURY BOND ETF | Equities | 464288653 |  | 315366 | 3104 | SH |  | OTR | 2 | 0 | 3104 | 0 |
| ISHARES IBONDS DEC 2025 TERM CORP | Equities | 46434VBD1 |  | 177897 | 7065 | SH |  | OTR | 2 | 0 | 7065 | 0 |
| ISHARES CORE MSCI DEV MKTS ETF | Equities | 46435G326 |  | 728159 | 9576 | SH |  | OTR | 2 | 0 | 9576 | 0 |
| ISHARES IBONDS DEC 2026 TERM CORP | Equities | 46435GAA0 |  | 178116 | 7345 | SH |  | OTR | 2 | 0 | 7345 | 0 |
| ISHARES IBONDS 2025 H/Y INC ETF | Equities | 46435U168 |  | 916549 | 39413 | SH |  | OTR | 2 | 0 | 39413 | 0 |
| ISHARES IBONDS DEC 2028 TERM CORP | Equities | 46435U515 |  | 177737 | 6992 | SH |  | OTR | 2 | 0 | 6992 | 0 |
| ISHARES IBONDS DEC 2027 TERM CORP | Equities | 46435UAA9 |  | 230371 | 9492 | SH |  | OTR | 2 | 0 | 9492 | 0 |
| ISHARES IBONDS DEC 2033 CORP | Equities | 46436E130 |  | 335807 | 12963 | SH |  | OTR | 2 | 0 | 12963 | 0 |
| ISHARES IBONDS DEC 2029 TERM CORP | Equities | 46436E205 |  | 285023 | 12217 | SH |  | OTR | 2 | 0 | 12217 | 0 |
| ISHARES IBONDS DEC 2032 TC ETF | Equities | 46436E312 |  | 336189 | 13296 | SH |  | OTR | 2 | 0 | 13296 | 0 |
| ISHARES IBONDS DEC 2031 TERM CORP | Equities | 46436E486 |  | 339018 | 16113 | SH |  | OTR | 2 | 0 | 16113 | 0 |
| ISHARES IBONDS 2026 TERM HIGH YIELD AND INC | Equities | 46436E528 |  | 14867 | 640 | SH |  | OTR | 2 | 0 | 640 | 0 |
| ISHARES IBONDS DEC 2030 TERM CORP | Equities | 46436E726 |  | 286136 | 13018 | SH |  | OTR | 2 | 0 | 13018 | 0 |
| ISHARES IBONDS DEC 2034 TM CORP | Equities | 46438G653 |  | 59002 | 2258 | SH |  | OTR | 2 | 0 | 2258 | 0 |
| JP MORGAN CHASE  CO | Equities | 46625H100 |  | 1746708 | 6025 | SH |  | OTR | 2 | 0 | 6025 | 0 |
| JOHNSON  JOHNSON | Equities | 478160104 |  | 778872 | 5099 | SH |  | OTR | 2 | 0 | 5099 | 0 |
| LENNAR CORP CL A | Equities | 526057104 |  | 12720 | 115 | SH |  | OTR | 2 | 0 | 115 | 0 |
| LILLY ELI  CO | Equities | 532457108 |  | 1102255 | 1414 | SH |  | OTR | 2 | 0 | 1414 | 0 |
| LOWES COS INC | Equities | 548661107 |  | 127575 | 575 | SH |  | OTR | 2 | 0 | 575 | 0 |
| MARVELL TECHNOLOGY INC | Equities | 573874104 |  | 97137 | 1255 | SH |  | OTR | 2 | 0 | 1255 | 0 |
| MASCO CORP | Equities | 574599106 |  | 17120 | 266 | SH |  | OTR | 2 | 0 | 266 | 0 |
| MASTERCARD INC CL A | Equities | 57636Q104 |  | 33716 | 60 | SH |  | OTR | 2 | 0 | 60 | 0 |
| MCDONALDS CORP | Equities | 580135101 |  | 51130 | 175 | SH |  | OTR | 2 | 0 | 175 | 0 |
| MERCK  CO INC | Equities | 58933Y105 |  | 249750 | 3155 | SH |  | OTR | 2 | 0 | 3155 | 0 |
| MICROSOFT CORP | Equities | 594918104 |  | 2388065 | 4801 | SH |  | OTR | 2 | 0 | 4801 | 0 |
| MORGAN STANLEY | Equities | 617446448 |  | 239462 | 1700 | SH |  | OTR | 2 | 0 | 1700 | 0 |
| NETFLIX INC | Equities | 64110L106 |  | 281217 | 210 | SH |  | OTR | 2 | 0 | 210 | 0 |
| NEXTERA ENERGY INC | Equities | 65339F101 |  | 142589 | 2054 | SH |  | OTR | 2 | 0 | 2054 | 0 |
| NVIDIA CORP | Equities | 67066G104 |  | 1535663 | 9720 | SH |  | OTR | 2 | 0 | 9720 | 0 |
| ORACLE CORPORATION | Equities | 68389X105 |  | 1081125 | 4945 | SH |  | OTR | 2 | 0 | 4945 | 0 |
| OTIS WORLDWIDE CORP | Equities | 68902V107 |  | 205467 | 2075 | SH |  | OTR | 2 | 0 | 2075 | 0 |
| PALO ALTO NETWORKS INC | Equities | 697435105 |  | 115417 | 564 | SH |  | OTR | 2 | 0 | 564 | 0 |
| PAYCHEX INC | Equities | 704326107 |  | 86549 | 595 | SH |  | OTR | 2 | 0 | 595 | 0 |
| PEPSICO INC | Equities | 713448108 |  | 376446 | 2851 | SH |  | OTR | 2 | 0 | 2851 | 0 |
| PFIZER INC | Equities | 717081103 |  | 227856 | 9400 | SH |  | OTR | 2 | 0 | 9400 | 0 |
| PIMCO ENHANCED SHORT MATURITY ETF | Equities | 72201R833 |  | 99027 | 985 | SH |  | OTR | 2 | 0 | 985 | 0 |
| T ROWE PRICE GROUP INC | Equities | 74144T108 |  | 84438 | 875 | SH |  | OTR | 2 | 0 | 875 | 0 |
| PROCTER  GAMBLE CO | Equities | 742718109 |  | 502336 | 3153 | SH |  | OTR | 2 | 0 | 3153 | 0 |
| QUANTA SERVICES INC | Equities | 74762E102 |  | 54444 | 144 | SH |  | OTR | 2 | 0 | 144 | 0 |
| RTX CORPORATION | Equities | 75513E101 |  | 758574 | 5195 | SH |  | OTR | 2 | 0 | 5195 | 0 |
| SPDR PORTFOLIO S 500 VALUE ETF | Equities | 78464A508 |  | 85105 | 1626 | SH |  | OTR | 2 | 0 | 1626 | 0 |
| SALESFORCE INC | Equities | 79466L302 |  | 218697 | 802 | SH |  | OTR | 2 | 0 | 802 | 0 |
| MATERIALS SELECT SECTOR SPDR FUND | Equities | 81369Y100 |  | 149960 | 1708 | SH |  | OTR | 2 | 0 | 1708 | 0 |
| HEALTH CARE SELECT SECTOR SPDR FUND | Equities | 81369Y209 |  | 427150 | 3169 | SH |  | OTR | 2 | 0 | 3169 | 0 |
| CONS STAPLES SELECT SECT SPDR FUND | Equities | 81369Y308 |  | 228902 | 2827 | SH |  | OTR | 2 | 0 | 2827 | 0 |
| CONS DISC SELECT SECTOR SPDR FUND | Equities | 81369Y407 |  | 455306 | 2095 | SH |  | OTR | 2 | 0 | 2095 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | Equities | 81369Y506 |  | 132304 | 1560 | SH |  | OTR | 2 | 0 | 1560 | 0 |
| FINANCIAL SELECT SECTOR SPDR FUND | Equities | 81369Y605 |  | 600003 | 11457 | SH |  | OTR | 2 | 0 | 11457 | 0 |
| INDUSTRIAL SELECT SECTOR SPDR FUND | Equities | 81369Y704 |  | 347705 | 2357 | SH |  | OTR | 2 | 0 | 2357 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | Equities | 81369Y803 |  | 1338067 | 5284 | SH |  | OTR | 2 | 0 | 5284 | 0 |
| COMM. SERV. SELECT SECTOR SPDR FUND | Equities | 81369Y852 |  | 406553 | 3746 | SH |  | OTR | 2 | 0 | 3746 | 0 |
| REAL ESTATE SELECT SECTOR SPDR FUND | Equities | 81369Y860 |  | 102059 | 2464 | SH |  | OTR | 2 | 0 | 2464 | 0 |
| UTILITIES SELECT SECTOR SPDR FUND | Equities | 81369Y886 |  | 106566 | 1305 | SH |  | OTR | 2 | 0 | 1305 | 0 |
| SNOWFLAKE INC CL A | Equities | 833445109 |  | 34013 | 152 | SH |  | OTR | 2 | 0 | 152 | 0 |
| SOUTHERN COMPANY | Equities | 842587107 |  | 27549 | 300 | SH |  | OTR | 2 | 0 | 300 | 0 |
| STARBUCKS CORP | Equities | 855244109 |  | 166308 | 1815 | SH |  | OTR | 2 | 0 | 1815 | 0 |
| STRYKER CORPORATION | Equities | 863667101 |  | 464074 | 1173 | SH |  | OTR | 2 | 0 | 1173 | 0 |
| SYSCO CORP | Equities | 871829107 |  | 19692 | 260 | SH |  | OTR | 2 | 0 | 260 | 0 |
| TJX COS INC | Equities | 872540109 |  | 240188 | 1945 | SH |  | OTR | 2 | 0 | 1945 | 0 |
| T-MOBILE US INC | Equities | 872590104 |  | 59327 | 249 | SH |  | OTR | 2 | 0 | 249 | 0 |
| TERADYNE INC | Equities | 880770102 |  | 44690 | 497 | SH |  | OTR | 2 | 0 | 497 | 0 |
| TESLA INC | Equities | 88160R101 |  | 69250 | 218 | SH |  | OTR | 2 | 0 | 218 | 0 |
| THERMO FISHER SCIENTIFIC INC | Equities | 883556102 |  | 93256 | 230 | SH |  | OTR | 2 | 0 | 230 | 0 |
| 3M CO | Equities | 88579Y101 |  | 449108 | 2950 | SH |  | OTR | 2 | 0 | 2950 | 0 |
| TRAVELERS COMPANIES INC | Equities | 89417E109 |  | 24881 | 93 | SH |  | OTR | 2 | 0 | 93 | 0 |
| UNION PAC CORP | Equities | 907818108 |  | 98244 | 427 | SH |  | OTR | 2 | 0 | 427 | 0 |
| UNITEDHEALTH GROUP INC | Equities | 91324P102 |  | 92967 | 298 | SH |  | OTR | 2 | 0 | 298 | 0 |
| VANGUARD SHORT TERM CORP BOND ETF | Equities | 92206C409 |  | 487097 | 6127 | SH |  | OTR | 2 | 0 | 6127 | 0 |
| VANGUARD S 500 ETF | Equities | 922908363 |  | 1101410 | 1939 | SH |  | OTR | 2 | 0 | 1939 | 0 |
| VANGUARD REAL ESTATE ETF | Equities | 922908553 |  | 133590 | 1500 | SH |  | OTR | 2 | 0 | 1500 | 0 |
| VANGUARD MID-CAP ETF | Equities | 922908629 |  | 2813384 | 10054 | SH |  | OTR | 2 | 0 | 10054 | 0 |
| VANGUARD SMALL-CAP ETF | Equities | 922908751 |  | 913084 | 3853 | SH |  | OTR | 2 | 0 | 3853 | 0 |
| VERIZON COMMUNICATIONS | Equities | 92343V104 |  | 85502 | 1976 | SH |  | OTR | 2 | 0 | 1976 | 0 |
| VERTEX PHARMACEUTICALS INC | Equities | 92532F100 |  | 194107 | 436 | SH |  | OTR | 2 | 0 | 436 | 0 |
| VISA INC CL A | Equities | 92826C839 |  | 447363 | 1260 | SH |  | OTR | 2 | 0 | 1260 | 0 |
| WALMART INC | Equities | 931142103 |  | 173560 | 1775 | SH |  | OTR | 2 | 0 | 1775 | 0 |
| WELLS FARGO  CO | Equities | 949746101 |  | 74111 | 925 | SH |  | OTR | 2 | 0 | 925 | 0 |
| WILLIAMS COS INC | Equities | 969457100 |  | 79643 | 1268 | SH |  | OTR | 2 | 0 | 1268 | 0 |
| YUM BRANDS INC | Equities | 988498101 |  | 10669 | 72 | SH |  | OTR | 2 | 0 | 72 | 0 |
| EATON CORP PLC | Equities | G29183103 |  | 169570 | 475 | SH |  | OTR | 2 | 0 | 475 | 0 |
| LYONDELLBASELL INDUSTRIES NV | Equities | N53745100 |  | 5960 | 103 | SH |  | OTR | 2 | 0 | 103 | 0 |

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