| Schedule of Investments |
Significant changes in net assets during 2025 and 2024 relating to transactions of the Bank’s common stock are as follows: | | | | | | | | | | | | | December 31, | | 2025 | | 2024 | | | | | | Net Appreciation in fair value | $ | 27,684,084 | | | $ | 75,700,676 | | | Dividends | 11,315,470 | | | 11,406,891 | | | Interest on loans | 130,488 | | | 119,149 | | | Contributions | 18,093,058 | | | 19,856,181 | | | Net transfers to other investments | (20,115,784) | | | (35,548,957) | | | Benefits paid directly to participants | (28,054,577) | | | (30,808,795) | | | Net Increase in Bank common stock | 9,052,739 | | | 40,725,145 | | | Bank common stock at beginning of year | 357,846,882 | | | 317,121,737 | | | Bank common stock at end of year | $ | 366,899,621 | | | $ | 357,846,882 | |
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