investment report
AGENDA ITEM NO. 12.b
INVESTMENT REPORT
For the Quarter Ended June 30, 2016
AGENDA ITEM NO. 12.b
Table of Contents
Compliance Statement Executive Summary Investment Values and Yield Returns Allocation Analysis Portfolio Balances Weighed Average Maturities (WAM) Rates Benchmarks Appendix Investment Portfolio Report Investment Transactions 2
AGENDA ITEM NO. 12.b
Compliance Statement We believe the investment information presented for the quarter ending June 30, 2016, is accurate in all material respects, and is presented in a manner that fairly sets forth the investment standing of the Port of Corpus Christi Authority (Authority). This report was prepared in compliance with the Authority's Investment Policy, Investment Strategy, and the Public Funds Investment Act of the State of Texas (Texas Government Code 2256.023).
Dennis J. DeVries Director of Finance
Audre Debler Chief Accountant 3
AGENDA ITEM NO. 12.b
Executive Summary The accompanying quarterly investment report lists in summary form and in detail the investment positions of the Port of Corpus Christi Authority's (Authority) operating funds as of June 30, 2016. As of that date, the Authority had a total of approximately $249.5 million invested in a local government investment pools, money market accounts, agencies, treasuries, certificates of deposit, and municipal securities. The goal of the Authority is to ensure the safety of all funds entrusted to the Authority, the availability of those funds for the payment of all necessary obligations of the Authority, and to provide for the investment of all funds, not immediately required, in securities earning a reasonable market yield. The safety of principal and liquidity shall always be the primary concern. The Authority’s intention is to hold investments to maturity while receiving the highest reasonable market yield in accordance with its objectives at the date of investment. It is not the intent to devote substantial efforts to earn profit on investment market fluctuations. Investments will be purchased because of their interest yield expectations over their remaining life rather than for speculative purposes. All investments in the portfolio are fully secured and will return 100% of par value if held to maturity. The Authority's investments are usually held to maturity, and any gains (losses) in market value will be reflected in market prices created by changes in interest rates during the quarter.
QUARTERLY SUMMARY: March 31, 2016 Beginning Book Beginning Market Unrealized Gain/(Loss) WAM Net Quarterly Yield Yield at End of Quarter Benchmark for Quarter Earnings for Quarter
$ 255,569,297 $ 255,736,572 $ 167,274 294 Days 0.679% 0.659% 0.580% $ 397,690
June 30, 2016 Ending Book Ending Market Unrealized Gain/(Loss) WAM Net Quarterly Yield Yield at End of Quarter Benchmark for Quarter Earnings for Quarter
$ 249,513,590 $ 249,736,162 $ 222,572 255 Days 0.648% 0.659% 0.570% $ 403,119 4
AGENDA ITEM NO. 12.b
Investment Values and Yield Returns
Values
Yields
Bank Texpool Texpool Prime Money Market Account Certificates of Deposit Federal Agencies Treasuries Municipal Bonds
$ $ $ $ $ $ $ $
47,950,038 43,951,503 40,701,944 246,869 490,000 91,463,265 9,978,579 14,731,391
0.139% 0.363% 0.555% 0.350% 0.875% 1.084% 0.825% 0.772%
Total
$ 249,513,590
0.659%
5
AGENDA ITEM NO. 12.b
Allocation Analysis 03/31/16 Pools/ MMA 48%
Asset Allocation
06/30/16
CD's 0% Pools/ MMA 52%
Agencies 40%
Bank 1%
Muni's 5%
Treasuries 6%
Maturity Allocation (in Millions)
$140
$140
$120
$120
$100
$100
$80
$80
$60
$60
$40
$40
$20
$20
$O/N
0-3 Mths
3-6 Mths
6-9 Mths
9-12 1-2 2-3 Mths Years Years
Bank 1%
CD's 0%
Agencies 37%
Muni's 6%
$O/N
0-3 Mths
3-6 Mths
6-9 Mths
9-12 1-2 2-3 Mths Years Years
Treasuries 4%
6
AGENDA ITEM NO. 12.b
Allocation Analysis Quarterly Asset Allocation
$160 $140
Millions
$120 $100 $80 $60 Agencies Treasuries Pools/MMA Muni's Checking CD's
$40 $20 $Jun-15
CD's
Sep-15
Dec-15
Checking
Mar-16
Muni's
Jun-16
Pools/MMA
Treasuries
Agencies
7
AGENDA ITEM NO. 12.b
Portfolio Balances $300
Millions
$250 $200 $150 $100 $50 $-
8
AGENDA ITEM NO. 12.b
Weighted Average Maturity (WAM)
300 250
Days
200 150 100 50 Jun 15
Sep 15
Dec 15
Mar 16
Jun 16 9
AGENDA ITEM NO. 12.b
Rates
1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 3 Mth Jan 16
6 Mth Feb 16 Mar 16
1 Yr Apr 16
2 Yr May 16
3 Yr Jun 16 10
AGENDA ITEM NO. 12.b
Benchmarks
0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% 3 Month Treasury 6 Month Treasury 1 Year Treasury Portfolio Yield
June 2015 0.010% 0.090% 0.250% 0.379%
September 2015 0.040% 0.170% 0.350% 0.379%
3 Month Treasury
December 2015 0.130% 0.320% 0.470% 0.379%
6 Month Treasury
March 2016 0.290% 0.450% 0.580% 0.659%
1 Year Treasury
June 2016 0.260% 0.400% 0.570% 0.659%
Portfolio Yield
11
AGENDA ITEM NO. 12.b
Benchmark Review
Q1-2016 Investment Portfolio
0.648%
3 Mth Treasury Bill 6 Mth Treasury Bill 12 Mth Treasury Bill
0.260% 0.400% 0.570%
$ Impact
$244,965 $156,576 $49,246
12
AGENDA ITEM NO. 12.b
Appendix
13
AGENDA ITEM NO. 12.b
Investment Portfolio Purchase Date
Type
Maturity Date
Days to Remaining Maturity at Days to Coupon/ Rate Purchase Maturity
Book Yield (% )
Par Value
06/30/2016 06/30/2016 06/30/2016 06/30/2016
Operating Fund Vendor Fund Payroll Fund Asset Forfeiture Fund Total Bank
07/01/2016 07/01/2016 07/01/2016 07/01/2016
1 1 1 1
1 1 1 1
0.000% 0.000% 0.000% 0.025%
0.000% 0.000% 0.000% 0.025%
$ $ $ $ $
06/30/2016 06/30/2016 06/30/2016 06/30/2016
TEXPOOL TEXPOOL-Prime Wells Fargo MMMF East West Bank - MMA Total Pools/MMA
07/01/2016 07/01/2016 07/01/2016 07/01/2016
1 1 1 1
1 1 1 1
0.363% 0.555% 0.150% 0.350%
0.363% 0.555% 0.150% 0.350%
$ 43,951,503 $ 40,701,944 $ 44,518,685 $ 246,869 $ 129,419,001
10/18/2015 Certificate of Deposit-1st Community 11/05/2015 Certificate of Deposit-Prosperity Total Certificate of Deposits
10/18/2016 11/05/2016
366 366
109 127
1.250% 0.500%
1.250% 0.500%
$ $ $
11/21/2014 11/21/2014 04/10/2015 04/28/2015 05/12/2015 07/14/2015 09/08/2015 09/28/2015 09/29/2015 10/29/2015 10/30/2015 11/23/2015 11/24/2015 11/24/2015 11/24/2015 12/29/2015 01/07/2016 01/07/2016 01/07/2016 01/07/2016 01/07/2016 01/27/2016 01/29/2016 04/05/2016 05/24/2016 05/27/2016 06/29/2016
05/06/2016 09/09/2016 11/01/2016 07/05/2016 05/12/2017 07/14/2017 09/08/2017 09/28/2017 09/28/2018 10/29/2018 10/29/2018 06/09/2017 05/21/2018 11/17/2017 11/19/2018 12/29/2017 02/28/2017 02/23/2018 04/21/2017 03/23/2018 06/30/2016 07/27/2018 01/29/2019 04/05/2019 05/24/2019 02/16/2018 06/29/2018
532 658 571 434 731 731 731 731 1,095 1,096 1,095 564 909 724 1,091 731 418 778 470 806 175 912 1,096 1,095 1,095 630 730
0 70 123 4 315 378 434 454 819 850 850 343 689 504 871 546 243 603 295 631 0 757 943 1,008 1,057 595 728
0.375% 2.000% 0.750% 0.375% 0.800% 0.900% 1.000% 1.000% 0.625% 1.160% 0.750% 1.000% 0.875% 0.940% 1.290% 1.050% 0.500% 1.030% 0.500% 1.220% 1.500% 1.375% 1.600% 1.350% 1.400% 0.750% 1.150%
0.375% 0.746% 0.552% 0.344% 0.794% 0.887% 0.986% 0.986% 0.629% 1.160% 0.750% 0.809% 1.165% 0.990% 1.281% 1.050% 0.825% 1.164% 0.885% 1.245% 0.474% 1.375% 1.600% 1.350% 1.400% 0.940% 1.150%
$ $ 5,000,000 $ 2,000,000 $ 5,000,000 $ $ 3,000,000 $ 2,500,000 $ $ $ 7,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ $ 10,000,000 $ $ 5,000,000 $ $ $ 10,000,000 $ $ 7,000,000 $ 10,000,000 $ 5,000,000 $ 5,000,000 $ 101,500,000
FHLB Note FHLB Note FHLB FNMA FHLMC FHLMC FHLMC FHLMC FHLMC FHLMC FNMA Step-Up FHLB FNMA FHLB FFCB FHLMC US Treasury Note FHLMC FFCB FFCB US Treasury Note FHLB FHLB FHLB FHLMC FFCB FHLMC Total Treasuries/Agencies
1,964,696 1,089,508 360,291 16,858 3,431,353
245,000 245,000 490,000
Book Value $ $ $ $ $
1,964,696 1,089,508 360,291 16,858 3,431,353
Market Value 1,964,696 1,089,508 360,291 16,858 3,431,353
$ $ $ $ $
-
$ $ $ $ $
$ 43,951,503 $ 40,701,944 $ 44,518,685 $ 246,869 $ 129,419,001
$ 43,951,503 $ 40,701,944 $ 44,518,685 $ 246,869 $ 129,419,001
$ $ $ $ $
-
$ $ $ $ $
40,692 54,223 11,171 215 106,301
$ $ $
$ $ $
245,000 245,000 490,000
$ $ $
-
$ $ $
764 305 1,069
$ $ 5,015,155 $ 2,001,200 $ 4,999,995 $ $ 3,007,458 $ 2,502,213 $ $ $ 7,000,490 $ 5,001,000 $ 5,019,525 $ 5,019,790 $ 5,020,260 $ 5,058,845 $ $ 10,002,730 $ $ 4,996,400 $ $ $ 10,001,250 $ $ 7,005,355 $ 10,007,170 $ 5,005,770 $ 5,003,270 $ 101,667,876
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
749 6,979 2,612 4,372 4,556 6,750 6,250 2,417 7,552 20,300 9,375 10,133 14,499 12,369 16,016 12,833 20,419 6,546 11,026 1,017 5,888 34,375 12,444 22,575 14,389 4,429 319 271,190
245,000 245,000 490,000
$ $ 5,013,616 $ 2,000,684 $ 5,000,014 $ $ 3,000,000 $ 2,500,000 $ $ $ 7,000,000 $ 5,000,000 $ 5,008,888 $ 4,973,088 $ 4,996,591 $ 5,001,038 $ $ 9,978,579 $ $ 4,984,609 $ $ $ 10,000,000 $ $ 7,000,000 $ 10,000,000 $ 4,984,737 $ 5,000,000 $ 101,441,844
$ $ $ $ $
Quarterly Accrued Interest
Unrealized Gain(Loss)
1,539 516 (19) 7,458 2,213 490 1,000 10,637 46,702 23,669 57,807 24,151 11,791 1,250 5,355 7,170 21,033 3,270 226,031
2 2
14
AGENDA ITEM NO. 12.b
Investment Portfolio Purchase Date 10/21/2014 11/13/2014 08/20/2015 03/24/2016 05/13/2016
Type Bemidji MD ISD Randolph MA Hamden CT Town of Guttenberg NJ Jersey City NJ Total Municipal Securities Total Investments
Maturity Date 04/01/2016 09/01/2016 08/18/2016 03/16/2017 12/09/2016
Days to Remaining Maturity at Days to Coupon/ Rate Purchase Maturity 528 658 364 357 210
0 62 48 259 161
SUMMARY: Valuation Date: Book Value: % of Portfolio Average Maturity:
4.000% 2.000% 3.000% 2.000% 1.500%
Book Yield (% )
Par Value
Book Value
Market Value
0.345% 0.691% 0.642% 0.770% 0.871%
$ $ 1,245,000 $ 2,405,000 $ 7,000,000 $ 4,000,000 $ 14,650,000 $ 249,490,354
$ $ 1,247,674 $ 2,412,328 $ 7,060,497 $ 4,010,891 $ 14,731,391 $ 249,513,590
$ $ 1,247,602 $ 2,411,710 $ 7,058,940 $ 4,009,680 $ 14,727,932 $ 249,736,162
Total 06/30/2016 $ 249,513,590 100.00% 255 Days
Bank
Pools/MMA
CD's
$
3,431,353 1.38% 1 Days
$ 129,419,001 51.87% 1 Days
$
490,000 0.20% 118 Days
Quarterly Accrued Interest
Unrealized Gain(Loss) $ $ $ $ $ $ $
(72) (618) (1,557) (1,211) (3,459) 222,572
$ $ $ $ $ $ $
2,213 4,005 13,648 4,691 24,557 403,119
Treasuries/ Agencies
Municipal Securities
$ 101,441,844 40.66% 599 Days
$ 14,731,391 5.90% 181 Days
15
AGENDA ITEM NO. 12.b
Investment Transactions Transaction Purchase Date Date
Description
Coupon
Yield
Maturity Date
1.350% 1.500% 1.400% 0.750% 1.150%
1.350% 0.871% 1.400% 0.940% 1.150%
04/05/2019 12/09/2019 05/24/2019 02/16/2018 06/29/2018
Par Value
Transaction Price
Total Cost
Purchases: 04/05/2016 05/13/2016 05/24/2016 05/27/2016 06/29/2016
04/05/2016 05/13/2016 05/24/2016 05/27/2016 06/29/2016
FHLB Jersey City NJ FHLMC FFCB FHLMC
Total Purchases KS Transaction Purchase Date Date
Description
Coupon
Yield
Maturity Date
4.000% 0.375% 1.500% 0.800% 1.000% 1.050% 1.030% 1.220% 0.625% 1.600%
0.345% 0.375% 0.474% 0.794% 0.986% 1.050% 1.164% 1.245% 0.629% 1.600%
04/01/2016 05/06/2016 06/30/2016 05/12/2017 09/28/2017 12/29/2017 02/23/2018 03/23/2018 09/28/2018 01/29/2019
$ $ $ $ $
7,000,000 4,000,000 10,000,000 5,000,000 5,000,000
$
31,000,000
Par Value
100.000 100.355 100.000 99.677 100.000
$ $ $ $ $
7,000,000 4,014,200 10,000,000 4,983,850 5,000,000
$
30,998,050
Transaction Price
Total Cost
Maturities: 04/01/2016 05/06/2016 06/30/2016 05/12/2016 06/28/2016 06/29/2016 05/23/2016 04/06/2016 06/28/2016 04/29/2016
10/21/2014 11/21/2014 01/07/2016 05/21/2015 09/28/2015 12/29/2015 01/07/2016 01/07/2016 09/29/2015 01/29/2016
Bemidji MD ISD FHLB US Treasury Note FHLMC FHLMC FHLMC FHLMC FFCB FHLMC FHLB
Total Maturities Total Net Transactions
$ $ $ $ $ $ $ $ $ $
885,000 2,000,000 5,000,000 5,000,000 1,000,000 5,000,000 4,400,000 6,000,000 5,000,000 10,000,000
$ $
44,285,000 (13,285,000)
100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
$ $ $ $ $ $ $ $ $ $
885,000 2,000,000 5,000,000 5,000,000 1,000,000 5,000,000 4,400,000 6,000,000 5,000,000 10,000,000
$ 44,285,000 $ (13,286,950)
16
AGENDA ITEM NO. 12.b
Thank You
17
INVESTMENT REPORT
For the Quarter Ended June 30, 2016
AGENDA ITEM NO. 12.b
Table of Contents
Compliance Statement Executive Summary Investment Values and Yield Returns Allocation Analysis Portfolio Balances Weighed Average Maturities (WAM) Rates Benchmarks Appendix Investment Portfolio Report Investment Transactions 2
AGENDA ITEM NO. 12.b
Compliance Statement We believe the investment information presented for the quarter ending June 30, 2016, is accurate in all material respects, and is presented in a manner that fairly sets forth the investment standing of the Port of Corpus Christi Authority (Authority). This report was prepared in compliance with the Authority's Investment Policy, Investment Strategy, and the Public Funds Investment Act of the State of Texas (Texas Government Code 2256.023).
Dennis J. DeVries Director of Finance
Audre Debler Chief Accountant 3
AGENDA ITEM NO. 12.b
Executive Summary The accompanying quarterly investment report lists in summary form and in detail the investment positions of the Port of Corpus Christi Authority's (Authority) operating funds as of June 30, 2016. As of that date, the Authority had a total of approximately $249.5 million invested in a local government investment pools, money market accounts, agencies, treasuries, certificates of deposit, and municipal securities. The goal of the Authority is to ensure the safety of all funds entrusted to the Authority, the availability of those funds for the payment of all necessary obligations of the Authority, and to provide for the investment of all funds, not immediately required, in securities earning a reasonable market yield. The safety of principal and liquidity shall always be the primary concern. The Authority’s intention is to hold investments to maturity while receiving the highest reasonable market yield in accordance with its objectives at the date of investment. It is not the intent to devote substantial efforts to earn profit on investment market fluctuations. Investments will be purchased because of their interest yield expectations over their remaining life rather than for speculative purposes. All investments in the portfolio are fully secured and will return 100% of par value if held to maturity. The Authority's investments are usually held to maturity, and any gains (losses) in market value will be reflected in market prices created by changes in interest rates during the quarter.
QUARTERLY SUMMARY: March 31, 2016 Beginning Book Beginning Market Unrealized Gain/(Loss) WAM Net Quarterly Yield Yield at End of Quarter Benchmark for Quarter Earnings for Quarter
$ 255,569,297 $ 255,736,572 $ 167,274 294 Days 0.679% 0.659% 0.580% $ 397,690
June 30, 2016 Ending Book Ending Market Unrealized Gain/(Loss) WAM Net Quarterly Yield Yield at End of Quarter Benchmark for Quarter Earnings for Quarter
$ 249,513,590 $ 249,736,162 $ 222,572 255 Days 0.648% 0.659% 0.570% $ 403,119 4
AGENDA ITEM NO. 12.b
Investment Values and Yield Returns
Values
Yields
Bank Texpool Texpool Prime Money Market Account Certificates of Deposit Federal Agencies Treasuries Municipal Bonds
$ $ $ $ $ $ $ $
47,950,038 43,951,503 40,701,944 246,869 490,000 91,463,265 9,978,579 14,731,391
0.139% 0.363% 0.555% 0.350% 0.875% 1.084% 0.825% 0.772%
Total
$ 249,513,590
0.659%
5
AGENDA ITEM NO. 12.b
Allocation Analysis 03/31/16 Pools/ MMA 48%
Asset Allocation
06/30/16
CD's 0% Pools/ MMA 52%
Agencies 40%
Bank 1%
Muni's 5%
Treasuries 6%
Maturity Allocation (in Millions)
$140
$140
$120
$120
$100
$100
$80
$80
$60
$60
$40
$40
$20
$20
$O/N
0-3 Mths
3-6 Mths
6-9 Mths
9-12 1-2 2-3 Mths Years Years
Bank 1%
CD's 0%
Agencies 37%
Muni's 6%
$O/N
0-3 Mths
3-6 Mths
6-9 Mths
9-12 1-2 2-3 Mths Years Years
Treasuries 4%
6
AGENDA ITEM NO. 12.b
Allocation Analysis Quarterly Asset Allocation
$160 $140
Millions
$120 $100 $80 $60 Agencies Treasuries Pools/MMA Muni's Checking CD's
$40 $20 $Jun-15
CD's
Sep-15
Dec-15
Checking
Mar-16
Muni's
Jun-16
Pools/MMA
Treasuries
Agencies
7
AGENDA ITEM NO. 12.b
Portfolio Balances $300
Millions
$250 $200 $150 $100 $50 $-
8
AGENDA ITEM NO. 12.b
Weighted Average Maturity (WAM)
300 250
Days
200 150 100 50 Jun 15
Sep 15
Dec 15
Mar 16
Jun 16 9
AGENDA ITEM NO. 12.b
Rates
1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 3 Mth Jan 16
6 Mth Feb 16 Mar 16
1 Yr Apr 16
2 Yr May 16
3 Yr Jun 16 10
AGENDA ITEM NO. 12.b
Benchmarks
0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% 3 Month Treasury 6 Month Treasury 1 Year Treasury Portfolio Yield
June 2015 0.010% 0.090% 0.250% 0.379%
September 2015 0.040% 0.170% 0.350% 0.379%
3 Month Treasury
December 2015 0.130% 0.320% 0.470% 0.379%
6 Month Treasury
March 2016 0.290% 0.450% 0.580% 0.659%
1 Year Treasury
June 2016 0.260% 0.400% 0.570% 0.659%
Portfolio Yield
11
AGENDA ITEM NO. 12.b
Benchmark Review
Q1-2016 Investment Portfolio
0.648%
3 Mth Treasury Bill 6 Mth Treasury Bill 12 Mth Treasury Bill
0.260% 0.400% 0.570%
$ Impact
$244,965 $156,576 $49,246
12
AGENDA ITEM NO. 12.b
Appendix
13
AGENDA ITEM NO. 12.b
Investment Portfolio Purchase Date
Type
Maturity Date
Days to Remaining Maturity at Days to Coupon/ Rate Purchase Maturity
Book Yield (% )
Par Value
06/30/2016 06/30/2016 06/30/2016 06/30/2016
Operating Fund Vendor Fund Payroll Fund Asset Forfeiture Fund Total Bank
07/01/2016 07/01/2016 07/01/2016 07/01/2016
1 1 1 1
1 1 1 1
0.000% 0.000% 0.000% 0.025%
0.000% 0.000% 0.000% 0.025%
$ $ $ $ $
06/30/2016 06/30/2016 06/30/2016 06/30/2016
TEXPOOL TEXPOOL-Prime Wells Fargo MMMF East West Bank - MMA Total Pools/MMA
07/01/2016 07/01/2016 07/01/2016 07/01/2016
1 1 1 1
1 1 1 1
0.363% 0.555% 0.150% 0.350%
0.363% 0.555% 0.150% 0.350%
$ 43,951,503 $ 40,701,944 $ 44,518,685 $ 246,869 $ 129,419,001
10/18/2015 Certificate of Deposit-1st Community 11/05/2015 Certificate of Deposit-Prosperity Total Certificate of Deposits
10/18/2016 11/05/2016
366 366
109 127
1.250% 0.500%
1.250% 0.500%
$ $ $
11/21/2014 11/21/2014 04/10/2015 04/28/2015 05/12/2015 07/14/2015 09/08/2015 09/28/2015 09/29/2015 10/29/2015 10/30/2015 11/23/2015 11/24/2015 11/24/2015 11/24/2015 12/29/2015 01/07/2016 01/07/2016 01/07/2016 01/07/2016 01/07/2016 01/27/2016 01/29/2016 04/05/2016 05/24/2016 05/27/2016 06/29/2016
05/06/2016 09/09/2016 11/01/2016 07/05/2016 05/12/2017 07/14/2017 09/08/2017 09/28/2017 09/28/2018 10/29/2018 10/29/2018 06/09/2017 05/21/2018 11/17/2017 11/19/2018 12/29/2017 02/28/2017 02/23/2018 04/21/2017 03/23/2018 06/30/2016 07/27/2018 01/29/2019 04/05/2019 05/24/2019 02/16/2018 06/29/2018
532 658 571 434 731 731 731 731 1,095 1,096 1,095 564 909 724 1,091 731 418 778 470 806 175 912 1,096 1,095 1,095 630 730
0 70 123 4 315 378 434 454 819 850 850 343 689 504 871 546 243 603 295 631 0 757 943 1,008 1,057 595 728
0.375% 2.000% 0.750% 0.375% 0.800% 0.900% 1.000% 1.000% 0.625% 1.160% 0.750% 1.000% 0.875% 0.940% 1.290% 1.050% 0.500% 1.030% 0.500% 1.220% 1.500% 1.375% 1.600% 1.350% 1.400% 0.750% 1.150%
0.375% 0.746% 0.552% 0.344% 0.794% 0.887% 0.986% 0.986% 0.629% 1.160% 0.750% 0.809% 1.165% 0.990% 1.281% 1.050% 0.825% 1.164% 0.885% 1.245% 0.474% 1.375% 1.600% 1.350% 1.400% 0.940% 1.150%
$ $ 5,000,000 $ 2,000,000 $ 5,000,000 $ $ 3,000,000 $ 2,500,000 $ $ $ 7,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ $ 10,000,000 $ $ 5,000,000 $ $ $ 10,000,000 $ $ 7,000,000 $ 10,000,000 $ 5,000,000 $ 5,000,000 $ 101,500,000
FHLB Note FHLB Note FHLB FNMA FHLMC FHLMC FHLMC FHLMC FHLMC FHLMC FNMA Step-Up FHLB FNMA FHLB FFCB FHLMC US Treasury Note FHLMC FFCB FFCB US Treasury Note FHLB FHLB FHLB FHLMC FFCB FHLMC Total Treasuries/Agencies
1,964,696 1,089,508 360,291 16,858 3,431,353
245,000 245,000 490,000
Book Value $ $ $ $ $
1,964,696 1,089,508 360,291 16,858 3,431,353
Market Value 1,964,696 1,089,508 360,291 16,858 3,431,353
$ $ $ $ $
-
$ $ $ $ $
$ 43,951,503 $ 40,701,944 $ 44,518,685 $ 246,869 $ 129,419,001
$ 43,951,503 $ 40,701,944 $ 44,518,685 $ 246,869 $ 129,419,001
$ $ $ $ $
-
$ $ $ $ $
40,692 54,223 11,171 215 106,301
$ $ $
$ $ $
245,000 245,000 490,000
$ $ $
-
$ $ $
764 305 1,069
$ $ 5,015,155 $ 2,001,200 $ 4,999,995 $ $ 3,007,458 $ 2,502,213 $ $ $ 7,000,490 $ 5,001,000 $ 5,019,525 $ 5,019,790 $ 5,020,260 $ 5,058,845 $ $ 10,002,730 $ $ 4,996,400 $ $ $ 10,001,250 $ $ 7,005,355 $ 10,007,170 $ 5,005,770 $ 5,003,270 $ 101,667,876
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
749 6,979 2,612 4,372 4,556 6,750 6,250 2,417 7,552 20,300 9,375 10,133 14,499 12,369 16,016 12,833 20,419 6,546 11,026 1,017 5,888 34,375 12,444 22,575 14,389 4,429 319 271,190
245,000 245,000 490,000
$ $ 5,013,616 $ 2,000,684 $ 5,000,014 $ $ 3,000,000 $ 2,500,000 $ $ $ 7,000,000 $ 5,000,000 $ 5,008,888 $ 4,973,088 $ 4,996,591 $ 5,001,038 $ $ 9,978,579 $ $ 4,984,609 $ $ $ 10,000,000 $ $ 7,000,000 $ 10,000,000 $ 4,984,737 $ 5,000,000 $ 101,441,844
$ $ $ $ $
Quarterly Accrued Interest
Unrealized Gain(Loss)
1,539 516 (19) 7,458 2,213 490 1,000 10,637 46,702 23,669 57,807 24,151 11,791 1,250 5,355 7,170 21,033 3,270 226,031
2 2
14
AGENDA ITEM NO. 12.b
Investment Portfolio Purchase Date 10/21/2014 11/13/2014 08/20/2015 03/24/2016 05/13/2016
Type Bemidji MD ISD Randolph MA Hamden CT Town of Guttenberg NJ Jersey City NJ Total Municipal Securities Total Investments
Maturity Date 04/01/2016 09/01/2016 08/18/2016 03/16/2017 12/09/2016
Days to Remaining Maturity at Days to Coupon/ Rate Purchase Maturity 528 658 364 357 210
0 62 48 259 161
SUMMARY: Valuation Date: Book Value: % of Portfolio Average Maturity:
4.000% 2.000% 3.000% 2.000% 1.500%
Book Yield (% )
Par Value
Book Value
Market Value
0.345% 0.691% 0.642% 0.770% 0.871%
$ $ 1,245,000 $ 2,405,000 $ 7,000,000 $ 4,000,000 $ 14,650,000 $ 249,490,354
$ $ 1,247,674 $ 2,412,328 $ 7,060,497 $ 4,010,891 $ 14,731,391 $ 249,513,590
$ $ 1,247,602 $ 2,411,710 $ 7,058,940 $ 4,009,680 $ 14,727,932 $ 249,736,162
Total 06/30/2016 $ 249,513,590 100.00% 255 Days
Bank
Pools/MMA
CD's
$
3,431,353 1.38% 1 Days
$ 129,419,001 51.87% 1 Days
$
490,000 0.20% 118 Days
Quarterly Accrued Interest
Unrealized Gain(Loss) $ $ $ $ $ $ $
(72) (618) (1,557) (1,211) (3,459) 222,572
$ $ $ $ $ $ $
2,213 4,005 13,648 4,691 24,557 403,119
Treasuries/ Agencies
Municipal Securities
$ 101,441,844 40.66% 599 Days
$ 14,731,391 5.90% 181 Days
15
AGENDA ITEM NO. 12.b
Investment Transactions Transaction Purchase Date Date
Description
Coupon
Yield
Maturity Date
1.350% 1.500% 1.400% 0.750% 1.150%
1.350% 0.871% 1.400% 0.940% 1.150%
04/05/2019 12/09/2019 05/24/2019 02/16/2018 06/29/2018
Par Value
Transaction Price
Total Cost
Purchases: 04/05/2016 05/13/2016 05/24/2016 05/27/2016 06/29/2016
04/05/2016 05/13/2016 05/24/2016 05/27/2016 06/29/2016
FHLB Jersey City NJ FHLMC FFCB FHLMC
Total Purchases KS Transaction Purchase Date Date
Description
Coupon
Yield
Maturity Date
4.000% 0.375% 1.500% 0.800% 1.000% 1.050% 1.030% 1.220% 0.625% 1.600%
0.345% 0.375% 0.474% 0.794% 0.986% 1.050% 1.164% 1.245% 0.629% 1.600%
04/01/2016 05/06/2016 06/30/2016 05/12/2017 09/28/2017 12/29/2017 02/23/2018 03/23/2018 09/28/2018 01/29/2019
$ $ $ $ $
7,000,000 4,000,000 10,000,000 5,000,000 5,000,000
$
31,000,000
Par Value
100.000 100.355 100.000 99.677 100.000
$ $ $ $ $
7,000,000 4,014,200 10,000,000 4,983,850 5,000,000
$
30,998,050
Transaction Price
Total Cost
Maturities: 04/01/2016 05/06/2016 06/30/2016 05/12/2016 06/28/2016 06/29/2016 05/23/2016 04/06/2016 06/28/2016 04/29/2016
10/21/2014 11/21/2014 01/07/2016 05/21/2015 09/28/2015 12/29/2015 01/07/2016 01/07/2016 09/29/2015 01/29/2016
Bemidji MD ISD FHLB US Treasury Note FHLMC FHLMC FHLMC FHLMC FFCB FHLMC FHLB
Total Maturities Total Net Transactions
$ $ $ $ $ $ $ $ $ $
885,000 2,000,000 5,000,000 5,000,000 1,000,000 5,000,000 4,400,000 6,000,000 5,000,000 10,000,000
$ $
44,285,000 (13,285,000)
100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
$ $ $ $ $ $ $ $ $ $
885,000 2,000,000 5,000,000 5,000,000 1,000,000 5,000,000 4,400,000 6,000,000 5,000,000 10,000,000
$ 44,285,000 $ (13,286,950)
16
AGENDA ITEM NO. 12.b
Thank You
17
