LINES OF CREDIT	3 Months Ended
Mar. 31, 2026
LINES OF CREDIT
LINES OF CREDIT	NOTE 8 – LINES OF CREDIT The trust maintains a $4,915 variable rate (floating SOFR plus 2.00%) line of credit agreement with Old National Bank (formerly Bremer Bank), which expires in December 2026 and a $3,500 variable rate (floating SOFR plus 2.00%) line of credit agreement with Old National Bank (formerly Bremer Bank), which expires December 2026. We also have a $20,000 variable rate (Prime minus 0.75%) line of credit agreement with Gate City Bank, which expires in November 2028 and a $20,000 variable rate (Prime minus 1.50%) line of credit agreement with Gate City Bank, which expires in November 2028. The lines of credit are secured by specific properties. At March 31, 2026, the lines of credit have $48,415 available and an unused balance of $18,919 under the agreements. These operating lines are designed to enhance treasury management activities and more effectively manage cash balances. As of March 31, 2026, and December 31, 2025, there was an outstanding balance of $29,496, and $16,579, respectively. The Trust anticipates it will hold it as a cash resource to the Trust. Certain lines of credit agreements include covenants that, in part, impose maintenance of certain debt service coverage, debt to net worth ratios, and debt yield ratios.

LINES OF CREDIT

3 Months Ended

Mar. 31, 2026

NOTE 8 – LINES OF CREDIT

The trust maintains a $4,915 variable rate (floating SOFR plus 2.00%) line of credit agreement with Old National Bank (formerly Bremer Bank), which expires in December 2026 and a $3,500 variable rate (floating SOFR plus 2.00%) line of credit agreement with Old National Bank (formerly Bremer Bank), which expires December 2026. We also have a $20,000 variable rate (Prime minus 0.75%) line of credit agreement with Gate City Bank, which expires in November 2028 and a $20,000 variable rate (Prime minus 1.50%) line of credit agreement with Gate City Bank, which expires in November 2028. The lines of credit are secured by specific properties. At March 31, 2026, the lines of credit have $48,415 available and an unused balance of $18,919 under the agreements. These operating lines are designed to enhance treasury management activities and more effectively manage cash balances. As of March 31, 2026, and December 31, 2025, there was an outstanding balance of $29,496, and $16,579, respectively. The Trust anticipates it will hold it as a cash resource to the Trust.

Certain lines of credit agreements include covenants that, in part, impose maintenance of certain debt service coverage, debt to net worth ratios, and debt yield ratios.