13F HOLDINGS REPORT
Exchange Bank
Quarter ended Q4 2025 · Filed January 13, 2026 · Accession 0002001155-26-000001
Total Value
$144.6M
Positions
186
Other Managers
0
Confidential Omitted
No
Holdings (186)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 23,378 | $6.4M | 4.40% |
| 2 | JOHNSON & JOHNSON | JNJ | 26,960 | $5.6M | 3.86% |
| 3 | ISHARES NATIONAL AMT-FREE MUNI | 464288414 | 51,375 | $5.5M | 3.81% |
| 4 | CATERPILLAR INC | CAT | 8,117 | $4.6M | 3.22% |
| 5 | VANGUARD TOTAL STOCK MARKET ETF | 922908769 | 10,647 | $3.6M | 2.47% |
| 6 | MICROSOFT CORP | MSFT | 7,269 | $3.5M | 2.43% |
| 7 | CHEVRON CORP | CVX | 21,817 | $3.3M | 2.30% |
| 8 | WALMART INC | WMT | 29,824 | $3.3M | 2.30% |
| 9 | VANGUARD TOTAL BOND MARKET ETF | 921937835 | 44,126 | $3.3M | 2.26% |
| 10 | JP MORGAN CHASE & CO | VYLD | 10,056 | $3.2M | 2.24% |
| 11 | INTERNATIONAL BUSINESS MACHS | INTR | 10,851 | $3.2M | 2.22% |
| 12 | ISHARES CORE TOTAL US BOND | 464287226 | 30,555 | $3.1M | 2.11% |
| 13 | EXXON MOBIL CORP | XOM | 24,617 | $3.0M | 2.05% |
| 14 | ALPHABET INC | GOOG | 8,417 | $2.6M | 1.82% |
| 15 | PROCTER & GAMBLE CO | 742718109 | 17,632 | $2.5M | 1.75% |
| 16 | BERKSHIRE HATHAWAY INC | BRK-A | 3 | $2.3M | 1.57% |
| 17 | NVIDIA CORPORATION | NVDA | 11,791 | $2.2M | 1.52% |
| 18 | UNION PACIFIC CORP | UNP | 9,027 | $2.1M | 1.44% |
| 19 | SCHWAB US BROAD MARKET ETFT | 808524102 | 77,100 | $2.0M | 1.40% |
| 20 | COCA-COLA CO | KO | 28,890 | $2.0M | 1.40% |
| 21 | SPDR S&P 500 ETF | SPY | 2,881 | $2.0M | 1.36% |
| 22 | ISHARES CORE S&P MID-CAP (MKT) | 464287507 | 27,912 | $1.8M | 1.27% |
| 23 | ALPHABET INC | GOOG | 5,829 | $1.8M | 1.27% |
| 24 | PHILIP MORRIS INTERNATIONAL INC | 718172109 | 10,599 | $1.7M | 1.18% |
| 25 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 29,306 | $1.6M | 1.09% |
| 26 | NORFOLK SOUTHERN CORP | 655844108 | 5,356 | $1.5M | 1.07% |
| 27 | APPLE INC | AAPL | 5,656 | $1.5M | 1.06% |
| 28 | MERCK & CO INC | MRK | 14,441 | $1.5M | 1.05% |
| 29 | AUTOMATIC DATA PROCESSING INC | ADP | 5,810 | $1.5M | 1.03% |
| 30 | AMAZON COM INC SR | AMZN | 6,160 | $1.4M | 0.98% |
| 31 | VANGUARD SHORT-TERM CORP BD IDX | 92206C409 | 17,427 | $1.4M | 0.96% |
| 32 | MICROSOFT CORP | MSFT | 2,663 | $1.3M | 0.89% |
| 33 | ORACLE CORP | ORCL-PD | 6,287 | $1.2M | 0.85% |
| 34 | ISHARES CORE INTERNATIONAL | 46435G672 | 24,366 | $1.2M | 0.84% |
| 35 | GE AEROSPACE | 369604301 | 3,952 | $1.2M | 0.84% |
| 36 | TEXAS INSTRUMENTS INC | 882508104 | 6,779 | $1.2M | 0.81% |
| 37 | ISHARES SHORT-TERM CORPORATE | 464288646 | 22,163 | $1.2M | 0.81% |
| 38 | MARSH & MCLENNAN COS INC | 571748102 | 6,170 | $1.1M | 0.79% |
| 39 | ELI LILLY & CO | LLY | 1,058 | $1.1M | 0.79% |
| 40 | ISHARES ST NATIONAL AMTFREE MUNI | 464288158 | 10,435 | $1.1M | 0.77% |
| 41 | NEXTERA ENERGY INC | NEE-PW | 13,740 | $1.1M | 0.76% |
| 42 | TARGET CORP | TGT | 9,709 | $949,056 | 0.66% |
| 43 | GLOBE LIFE INC | GL-PD | 6,750 | $944,055 | 0.65% |
| 44 | VANGUARD FTSE DEVELOPED MARKETS | 921943858 | 14,344 | $896,069 | 0.62% |
| 45 | SPDR BOFA ML CROSSOVER CORP BOND | 78468R606 | 37,412 | $885,540 | 0.61% |
| 46 | PROCTER & GAMBLE CO | 742718109 | 6,082 | $871,611 | 0.60% |
| 47 | AVANTIS INTL SMALL CAP VAL ETF | 025072802 | 8,629 | $810,867 | 0.56% |
| 48 | ISHARES GOLD TRUST | IAU | 9,989 | $810,807 | 0.56% |
| 49 | BERKSHIRE HATHAWAY INC | BRK-A | 1,607 | $807,761 | 0.56% |
| 50 | ISHARES MSCI EAFE (MKT) | 464287465 | 8,233 | $790,615 | 0.55% |
| 51 | HOME DEPOT INC | HD | 2,293 | $789,021 | 0.55% |
| 52 | BANK OF NEW YORK MELLON CORP | 064058100 | 6,735 | $781,865 | 0.54% |
| 53 | ALTRIA GROUP INC | MO | 13,546 | $781,063 | 0.54% |
| 54 | FEDEX CORP | FDX | 2,703 | $780,788 | 0.54% |
| 55 | ISHARES CORE S&P 500 (MKT) | 464287200 | 1,104 | $756,174 | 0.52% |
| 56 | MCDONALDS CORP | MCD | 2,440 | $745,739 | 0.52% |
| 57 | ISHARES FALN ANGLS USD BD ETF | 46435G474 | 26,854 | $733,115 | 0.51% |
| 58 | BROADCOM INC SR | AVGO | 2,060 | $712,965 | 0.49% |
| 59 | AMERICAN EXPRESS CO | AXP | 1,903 | $704,017 | 0.49% |
| 60 | HUNTINGTON BANCSHARES INC | HBANP | 38,024 | $659,716 | 0.46% |
| 61 | COSTCO WHOLESALE CORP | 22160K105 | 763 | $657,963 | 0.46% |
| 62 | BOEING CO | BA-PA | 2,998 | $650,926 | 0.45% |
| 63 | HONEYWELL INTERNATIONAL INC | 438516106 | 3,334 | $650,430 | 0.45% |
| 64 | GE VERNOVA INC | GEV | 985 | $643,768 | 0.45% |
| 65 | ISHARES CORE TOTAL US BOND | 464287226 | 6,220 | $621,253 | 0.43% |
| 66 | PFIZER INC | PFE | 24,431 | $608,333 | 0.42% |
| 67 | PEPSICO INC | PEP | 4,158 | $596,756 | 0.41% |
| 68 | ISHARES MSCI USA MINIMUM | 46429B697 | 6,300 | $593,208 | 0.41% |
| 69 | VANGUARD S&P 500 ETF (MKT) | 922908363 | 945 | $592,639 | 0.41% |
| 70 | ISHARES ESG1 5 YR USD BD ETF | 46435G243 | 22,671 | $572,216 | 0.40% |
| 71 | VISA INC | V | 1,619 | $567,800 | 0.39% |
| 72 | LOWES COMPANIES INC | 548661107 | 2,320 | $559,491 | 0.39% |
| 73 | BECTON DICKINSON & CO | BDX | 2,837 | $550,576 | 0.38% |
| 74 | NVIDIA CORPORATION | NVDA | 2,940 | $548,310 | 0.38% |
| 75 | ISHARES CORE S&P SMALL-CAP (MKT) | 464287804 | 4,503 | $541,173 | 0.37% |
| 76 | META PLATFORMS INC | META | 815 | $537,974 | 0.37% |
| 77 | MONDELEZ INTL INC | 609207105 | 9,962 | $536,253 | 0.37% |
| 78 | RTX CORPORATION | RTX | 2,908 | $533,328 | 0.37% |
| 79 | ISHARES MSCI USA QUALITY FACTOR | 46432F339 | 2,660 | $528,331 | 0.37% |
| 80 | BROADRIDGE FINANCIAL SOLUTIONS | 11133T103 | 2,250 | $502,133 | 0.35% |
| 81 | 3M CO | MMM | 3,050 | $488,305 | 0.34% |
| 82 | CISCO SYSTEMS INC | CSCO | 6,146 | $473,429 | 0.33% |
| 83 | VANGUARD SMALL CAP VALUE ETF | 922908611 | 2,199 | $465,725 | 0.32% |
| 84 | AGILENT TECHNOLOGIES INC | A | 3,404 | $463,183 | 0.32% |
| 85 | VANGUARD EMERGING MARKETS STOCK | 922042858 | 8,489 | $456,369 | 0.32% |
| 86 | EMERSON ELECTRIC CO | EMR | 3,391 | $450,053 | 0.31% |
| 87 | AMAZON COM INC SR | AMZN | 1,886 | $435,326 | 0.30% |
| 88 | ALPHABET INC | GOOG | 1,336 | $418,168 | 0.29% |
| 89 | ISHARES INTERMEDIATE-TERM | 464288638 | 7,672 | $413,367 | 0.29% |
| 90 | VANGUARD HIGH DIVIDEND YIELD | 921946406 | 2,787 | $399,991 | 0.28% |
| 91 | ISHARES RUSSELL 2000 (MKT) | 464287655 | 1,576 | $387,948 | 0.27% |
| 92 | WALT DISNEY CO | 254687106 | 3,398 | $386,591 | 0.27% |
| 93 | JOHNSON & JOHNSON | JNJ | 1,782 | $368,785 | 0.26% |
| 94 | AMPHENOL CORP | 032095101 | 2,645 | $357,445 | 0.25% |
| 95 | DUKE ENERGY CORP | DUKB | 3,045 | $356,904 | 0.25% |
| 96 | MASTERCARD INC | MA | 624 | $356,229 | 0.25% |
| 97 | BOOKING HLDGS INC | BKNG | 66 | $353,451 | 0.24% |
| 98 | BLACKROCK INC | BLK | 329 | $352,142 | 0.24% |
| 99 | ILLINOIS TOOL WORKS INC | 452308109 | 1,412 | $347,777 | 0.24% |
| 100 | MASTERCARD INC | MA | 597 | $340,817 | 0.24% |
| 101 | JP MORGAN CHASE & CO | VYLD | 1,010 | $325,442 | 0.23% |
| 102 | NORTHROP GRUMMAN CORP | NOC | 559 | $318,746 | 0.22% |
| 103 | GLOBAL X US INFRASTRUCTURE ETF | 37954Y673 | 6,651 | $317,851 | 0.22% |
| 104 | ABBVIE INC | ABBV | 1,354 | $309,374 | 0.21% |
| 105 | BROADCOM INC SR | AVGO | 875 | $302,838 | 0.21% |
| 106 | META PLATFORMS INC | META | 447 | $295,060 | 0.20% |
| 107 | ADOBE SYSTEMS INC | ADBE | 834 | $291,894 | 0.20% |
| 108 | ISHARES CORE S&P MID-CAP (MKT) | 464287507 | 4,403 | $290,598 | 0.20% |
| 109 | CSX CORP | CSX | 7,895 | $286,195 | 0.20% |
| 110 | AON PLC SHS CL A | AON | 806 | $284,420 | 0.20% |
| 111 | VISA INC | V | 790 | $277,060 | 0.19% |
| 112 | NETFLIX INC | NFLX | 2,940 | $275,654 | 0.19% |
| 113 | LAM RESEARCH CORP | LRCX | 1,599 | $273,716 | 0.19% |
| 114 | NORTHERN TRUST CORP | NTRSO | 2,000 | $273,180 | 0.19% |
| 115 | AMERICAN EXPRESS CO | AXP | 713 | $263,774 | 0.18% |
| 116 | ABBOTT LABORATORIES | ABLZF | 2,104 | $263,611 | 0.18% |
| 117 | PNC FINANCIAL SERVICES GROUP | 693475105 | 1,140 | $237,953 | 0.16% |
| 118 | TAIWAN SEMICONDUCTOR | 874039100 | 774 | $235,211 | 0.16% |
| 119 | INTERNATIONAL BUSINESS MACHS | INTR | 765 | $226,601 | 0.16% |
| 120 | CAPITAL ONE FINANCIAL CORP | 14040H105 | 927 | $224,668 | 0.16% |
| 121 | THE TRAVELERS COMPANIES INC | TRV | 773 | $224,215 | 0.16% |
| 122 | DANAHER CORP | 235851102 | 944 | $216,101 | 0.15% |
| 123 | ENTERPRISE PRODUCTS PARTNERS L P | 293792107 | 6,701 | $214,834 | 0.15% |
| 124 | TESLA INC | TSLA | 473 | $212,718 | 0.15% |
| 125 | STATE STREET SPDR NUVEEN ICE | 78468R721 | 4,622 | $211,272 | 0.15% |
| 126 | ISHARES FLOATING RATE BOND (MKT) | 46429B655 | 4,080 | $207,508 | 0.14% |
| 127 | GENERAL MILLS INC | 370334104 | 4,350 | $202,275 | 0.14% |
| 128 | QUALCOMM INC | QCOM | 1,179 | $201,669 | 0.14% |
| 129 | ALPHABET INC | GOOG | 624 | $195,811 | 0.14% |
| 130 | MEDTRONIC PLC | MDT | 2,038 | $195,769 | 0.14% |
| 131 | GENUINE PARTS CO | GPC | 1,554 | $191,080 | 0.13% |
| 132 | UNION PACIFIC CORP | UNP | 817 | $188,988 | 0.13% |
| 133 | MICROCHIP TECHNOLOGY INC | MCHPP | 2,932 | $186,827 | 0.13% |
| 134 | ABBVIE INC | ABBV | 816 | $186,447 | 0.13% |
| 135 | SALESFORCE | CRM | 639 | $169,278 | 0.12% |
| 136 | SERVICENOW INC SR CV | NOW | 1,070 | $163,913 | 0.11% |
| 137 | TJX COS INC NEW | 872540109 | 1,056 | $162,212 | 0.11% |
| 138 | CISCO SYSTEMS INC | CSCO | 2,103 | $161,994 | 0.11% |
| 139 | CHEVRON CORP | CVX | 1,027 | $156,526 | 0.11% |
| 140 | LOCKHEED MARTIN CORP | LMT | 321 | $155,259 | 0.11% |
| 141 | AT&T INC | T-PC | 6,179 | $153,485 | 0.11% |
| 142 | TAIWAN SEMICONDUCTOR | 874039100 | 480 | $145,867 | 0.10% |
| 143 | BLACKROCK INC | BLK | 132 | $141,285 | 0.10% |
| 144 | HOME DEPOT INC | HD | 396 | $136,263 | 0.09% |
| 145 | BANK OF AMERICA CORP | 060505104 | 2,451 | $134,805 | 0.09% |
| 146 | ILLINOIS TOOL WORKS INC | 452308109 | 532 | $131,032 | 0.09% |
| 147 | ISHARES CORE S&P SMALL-CAP (MKT) | 464287804 | 1,055 | $126,790 | 0.09% |
| 148 | PEPSICO INC | PEP | 876 | $125,723 | 0.09% |
| 149 | NETFLIX INC | NFLX | 1,300 | $121,888 | 0.08% |
| 150 | LOCKHEED MARTIN CORP | LMT | 229 | $110,761 | 0.08% |
| 151 | EXXON MOBIL CORP | XOM | 888 | $106,862 | 0.07% |
| 152 | WALMART INC | WMT | 945 | $105,283 | 0.07% |
| 153 | EMERSON ELECTRIC CO | EMR | 760 | $100,867 | 0.07% |
| 154 | CATERPILLAR INC | CAT | 170 | $97,388 | 0.07% |
| 155 | BANK OF NEW YORK MELLON CORP | 064058100 | 820 | $95,194 | 0.07% |
| 156 | COCA-COLA CO | KO | 1,336 | $93,400 | 0.06% |
| 157 | TJX COS INC NEW | 872540109 | 570 | $87,558 | 0.06% |
| 158 | RTX CORPORATION | RTX | 456 | $83,630 | 0.06% |
| 159 | HONEYWELL INTERNATIONAL INC | 438516106 | 404 | $78,817 | 0.05% |
| 160 | MEDTRONIC PLC | MDT | 810 | $77,809 | 0.05% |
| 161 | COSTCO WHOLESALE CORP | 22160K105 | 89 | $76,748 | 0.05% |
| 162 | BANK OF AMERICA CORP | 060505104 | 1,331 | $73,205 | 0.05% |
| 163 | BERKSHIRE HATHAWAY INC | BRK-A | 145 | $72,884 | 0.05% |
| 164 | TESLA INC | TSLA | 161 | $72,405 | 0.05% |
| 165 | TARGET CORP | TGT | 735 | $71,847 | 0.05% |
| 166 | ADOBE SYSTEMS INC | ADBE | 187 | $65,448 | 0.05% |
| 167 | 3M CO | MMM | 355 | $56,836 | 0.04% |
| 168 | ELI LILLY & CO | LLY | 52 | $55,883 | 0.04% |
| 169 | MONDELEZ INTL INC | 609207105 | 1,014 | $54,584 | 0.04% |
| 170 | MCDONALDS CORP | MCD | 175 | $53,485 | 0.04% |
| 171 | QUALCOMM INC | QCOM | 312 | $53,368 | 0.04% |
| 172 | AT&T INC | T-PC | 1,917 | $47,618 | 0.03% |
| 173 | CAPITAL ONE FINANCIAL CORP | 14040H105 | 188 | $45,563 | 0.03% |
| 174 | BOOKING HLDGS INC | BKNG | 8 | $42,842 | 0.03% |
| 175 | SERVICENOW INC SR CV | NOW | 276 | $42,281 | 0.03% |
| 176 | SALESFORCE | CRM | 130 | $34,438 | 0.02% |
| 177 | MICROCHIP TECHNOLOGY INC | MCHPP | 500 | $31,860 | 0.02% |
| 178 | VANGUARD EMERGING MARKETS STOCK | 922042858 | 564 | $30,321 | 0.02% |
| 179 | ABBOTT LABORATORIES | ABLZF | 232 | $29,067 | 0.02% |
| 180 | VANGUARD S&P 500 ETF (MKT) | 922908363 | 45 | $28,221 | 0.02% |
| 181 | GENUINE PARTS CO | GPC | 225 | $27,666 | 0.02% |
| 182 | PFIZER INC | PFE | 851 | $21,190 | 0.01% |
| 183 | DANAHER CORP | 235851102 | 86 | $19,687 | 0.01% |
| 184 | PNC FINANCIAL SERVICES GROUP | 693475105 | 90 | $18,786 | 0.01% |
| 185 | VANGUARD FTSE DEVELOPED MARKETS | 921943858 | 298 | $18,616 | 0.01% |
| 186 | BOEING CO | BA-PA | 10 | $2,171 | 0.00% |