2026-05-14T14:01:12-05:00 2025-12-31 346565596 ERNST & YOUNG LLP 155 WACKER DR CHICAGO IL 60606 990PF 2025-01-01 456010334 UPSON MAXWELL M SCHOLARSHIP TRUST 20056600 UPSO 7017953212 2300 SOUTH COLUMBIA ROAD GRAND FORKS ND 58201 ALERUS FINANCIAL TRUSTEE 7017953212 2026-05-12 true DONNA GIKAS P10451693 3128792850 2026-05-12 2025 2025-03-06 01:10:19Z X 1041719 X 29011 28983 47577 285453 47577 0 76588 76560 13171 6585 6586 0 0 0 0 0 0 0 0 1968 268 0 0 0 0 0 0 0 1 1 15140 6854 0 6586 14050 14050 29190 6854 0 20636 47398 69706 0 44021 42213 42213 0 0 0 360147 356548 498753 434135 486930 500753 0 838303 885691 1041719 0 X 838303 885691 838303 885691 838303 885691 838303 47398 893 886594 903 885691 10. ALPHABET INC-CL A 2023-07-31 2025-01-06 1962 1326 636 636 8. AMAZON.COM INC 2023-07-31 2025-01-06 1809 1067 742 742 19. APPLE INC 2023-08-30 2025-01-06 4656 3551 1105 1105 14. BOSTON SCIENTIFIC CORP 2023-12-22 2025-01-06 1274 784 490 490 14. BROADCOM INC 2024-01-17 2025-01-06 3290 1535 1755 1755 4. META PLATFORMS INC-CLASS A 2023-07-31 2025-01-06 2482 1280 1202 1202 3. PARKER HANNIFIN CORP 2023-09-13 2025-01-06 1918 1176 742 742 12. TESLA INC 2024-05-15 2025-01-06 4855 2100 2755 2755 17. VERTIV HOLDINGS CO-A 2024-08-07 2025-01-06 2278 1373 905 905 31. SS FINANCIAL SELECT SECTOR 2024-09-26 2025-01-07 1502 1400 102 102 16. ZOETIS INC 2023-07-26 2025-01-07 2606 3070 -464 -464 18. ARCH CAPITAL GROUP LTD 2024-01-05 2025-01-13 1635 1389 246 246 61. SS FINANCIAL SELECT SECTOR 2024-11-05 2025-01-17 3058 2764 294 294 8. ALLSTATE CORP 2025-01-03 2025-01-23 1482 1539 -57 -57 20. SS CONSUMER STAPLES SEL SECT 2023-11-17 2025-01-23 1545 1391 154 154 10. PROGRESSIVE CORP 2024-11-07 2025-01-24 2379 2537 -158 -158 12. CONSTELLATION ENERGY 2024-08-06 2025-01-29 3425 2186 1239 1239 13. VISTRA CORP 2024-11-07 2025-01-29 1996 1758 238 238 17. ISHARES DOW JONES US REAL ESTATE 2024-05-16 2025-02-13 1632 1504 128 128 .333 SANDISK CORPORATION COM 2023-03-02 2025-02-24 17 7 10 10 35. SS FINANCIAL SELECT SECTOR 2024-11-05 2025-02-25 1778 1632 146 146 41. THE WALT DISNEY COMPANY 2024-09-27 2025-03-05 4480 3945 535 535 210. HEWLETT PACKARD ENTERPRISE 2025-01-23 2025-03-05 3973 4987 -1014 -1014 28. SS MATERIALS SELECT SECTOR 2023-09-13 2025-03-05 2466 2321 145 145 32. SELECT SECTOR SPDR ETF CONSUMER DISCRETI 2025-01-07 2025-03-05 6761 6699 62 62 22. SS ENERGY SELECT SECTOR 2023-07-20 2025-03-05 1884 1836 48 48 21. SS INDUSTRIAL SELECT SECTOR 2025-01-29 2025-03-05 2816 2896 -80 -80 37. ST SR UTL SL SE SPDR ETF-USD 2025-01-29 2025-03-05 2872 2838 34 34 20. ARCH CAPITAL GROUP LTD 2024-11-12 2025-03-06 1823 2022 -199 -199 17. ARCH CAPITAL GROUP LTD 2024-01-09 2025-03-06 1549 1293 256 256 236.957 CAUSEWAY INTL VAL-INST 2023-03-02 2025-03-11 4995 4187 808 808 105.12 WORLD EX-US CORE EQUITY-INST 2023-03-02 2025-03-11 1444 1271 173 173 8. M & T BANK CORP 2025-01-03 2025-03-13 1370 1526 -156 -156 15. SS CONSUMER STAPLES SEL SECT 2023-11-17 2025-03-13 1188 1044 144 144 16. SS FINANCIAL SELECT SECTOR 2024-11-05 2025-03-13 758 746 12 12 41. SS FINANCIAL SELECT SECTOR 2024-11-29 2025-03-13 1943 2109 -166 -166 20. TARGET CORP COM 2024-03-06 2025-03-13 2083 3455 -1372 -1372 51. JEFFERIES FINL GROUP 2025-03-11 2025-03-26 3047 2942 105 105 1428.534 AB HIGH INCOME FUND INC-ADV 2023-03-02 2025-04-04 9728 9457 271 271 14. CONSTELLATION ENERGY 2025-03-05 2025-04-10 2857 2957 -100 -100 26. VISTRA CORP 2025-03-05 2025-04-10 2873 3417 -544 -544 4. LPL FINANCIAL HOLDINGS INC 2025-01-17 2025-04-21 1172 1395 -223 -223 38. NASDAQ INC 2025-03-13 2025-04-25 2852 2750 102 102 7. HOME DEPOT, INC. 2025-03-05 2025-05-02 2558 2705 -147 -147 91. ISHARES 7-10 YEAR TREASURY B 2025-04-04 2025-05-09 8591 8812 -221 -221 90. SANDISK CORPORATION COM 2025-05-02 2025-05-14 3721 3123 598 598 24. SANDISK CORPORATION COM 2023-03-02 2025-05-14 992 518 474 474 87. MICROCHIP TECHNOLOGY INC 2025-03-05 2025-05-15 5239 5480 -241 -241 12. WINGSTOP INC 2025-03-05 2025-05-15 3687 2765 922 922 40. SS ENERGY SELECT SECTOR 2023-09-13 2025-05-16 3407 3486 -79 -79 4. WINGSTOP INC 2025-03-05 2025-05-21 1289 922 367 367 13. ALPHABET INC-CL A 2023-08-30 2025-06-25 2214 1748 466 466 19. TECHNOLOGY SELECT SECT SPDR 2025-05-15 2025-07-10 4875 4439 436 436 22. WELLS FARGO & CO NEW COM STK 2023-05-04 2025-07-10 1808 809 999 999 1. NVIDIA CORP 2023-08-30 2025-07-18 172 49 123 123 15. TECHNOLOGY SELECT SECT SPDR 2025-05-15 2025-08-14 4023 3515 508 508 41. SS FINANCIAL SELECT SECTOR 2024-11-29 2025-08-27 2203 2231 -28 -28 8. MICROSOFT, INC. 2023-03-15 2025-09-18 4100 2108 1992 1992 5. TECHNOLOGY SELECT SECT SPDR 2025-05-15 2025-09-18 1381 1172 209 209 8. S&P GLOBAL INC 2024-04-26 2025-09-23 3969 3318 651 651 74. KENVUE INC 2025-05-02 2025-09-26 1196 1783 -587 -587 36. MCCORMICK & CO-NON VTG SHRS 2024-11-22 2025-10-09 2379 2795 -416 -416 44. SS FINANCIAL SELECT SECTOR 2025-04-25 2025-10-09 2345 2146 199 199 86. HUNTINGTON BANCSHARES INC 2025-08-27 2025-10-28 1335 1520 -185 -185 12. EATON CORP PLC 2024-11-01 2025-11-06 4515 3413 1102 1102 161.87 JPMORGAN MID CAP GROWTH-R6 2023-09-01 2025-11-07 9256 7351 1905 1905 246.832 MFS MID CAP VALUE FUND-R5 2023-08-31 2025-11-07 8185 7356 829 829 34. CHIPOTLE MEXICAN GRILL INC 2025-05-21 2025-11-13 1061 1733 -672 -672 39. CHIPOTLE MEXICAN GRILL INC 2024-08-06 2025-11-13 1217 2134 -917 -917 21. KKR & CO INC 2025-02-25 2025-12-02 2596 2969 -373 -373 17. ALPHABET INC-CL A 2023-08-30 2025-12-08 5320 2306 3014 3014 5. CENCORA INC 2023-03-02 2025-12-08 1693 779 914 914 19. APPLE INC 2023-08-30 2025-12-08 5252 3551 1701 1701 6. APPLIED MATERIALS INC 2025-09-18 2025-12-08 1609 1138 471 471 8. BROADCOM INC 2024-01-17 2025-12-08 3196 877 2319 2319 68.193 CAUSEWAY INTL VAL-INST 2023-03-02 2025-12-08 1693 1205 488 488 210.985 WORLD EX-US CORE EQUITY-INST 2023-03-02 2025-12-08 3517 2551 966 966 9. GE AEROSPACE COM 2024-01-05 2025-12-08 2575 899 1676 1676 2. PARKER HANNIFIN CORP 2023-09-13 2025-12-08 1755 784 971 971 8. ROCKWELL AUTOMATION INC 2024-11-06 2025-12-08 3216 2351 865 865 8. TESLA INC 2024-05-15 2025-12-08 3490 1400 2090 2090 46. WESTERN DIGITAL CORP 2023-03-02 2025-12-08 7777 1410 6367 6367 7. CADENCE DESIGN SYS INC 2024-01-17 2025-12-11 2351 1919 432 432 691.367 AB HIGH INCOME FUND INC-ADV 2023-03-02 2025-12-16 4874 4577 297 297 68. VANGUARD LONG-TERM CORP BOND 2024-02-07 2025-12-16 5173 5330 -157 -157 287. VANGUARD INT-TERM CORPORATE 2025-12-08 2025-12-16 24058 24056 2 2 12. TAKE-TWO INTERACTIVE SOFTWRE 2023-03-02 2025-12-18 2930 1346 1584 1584 .6 MAGNUM ICE CREAM CO NV/THE 2025-03-13 2025-12-18 10 9 1 1 .5556 UNILEVER PLC-SPONSORED ADR 2025-03-13 2025-12-19 36 35 1 1 11. SHOPIFY INC - CLASS A 2025-11-13 2025-12-31 1782 1600 182 182 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 CAPITAL GAIN DIVIDENDS P 4262 47577 969 0 969 0 969 800 0 0 800 0 169 0 0 false false false false false false false true true ND true false false false false true N/A Alerus Financial 7017953212 2300 SOUTH COLUMBIA ROAD GRAND FORKS ND 58201 false false false false true false false false false true 2024 true false false false false false false false false false false false false ALERUS FINANCIAL 2300 S COLUMBA RD GRAND FORSKS ND 58201 TRUSTEE 1 13171 NONE 0 NONE 0 939400 33062 0 972462 0 0 972462 14587 957875 47894 47894 969 969 46925 0 46925 0 46925 20636 0 0 0 0 20636 46925 23750 0 0 0 0 0 0 0 20636 20636 0 0 0 0 0 0 0 0 0 0 3114 46925 0 0 0 0 0 0 0 0 X UNIVERSITY OF NORTH DAKOTA 2901 UNIVERSITY AVE GRAND FORKS ND 58202 NONE PC SCHOLARSHIPS 14050 14050 14 29011 18 47577 76588 76588 false false false false false false false false false false 2025 TRANSACTION POSTED IN 2026 903 OTHER EXPENSE (NON-DEDUCTIBLE 1 1 0 2024 TRANSACTIONS POSTED IN 2025 510 COST BASIS ADJUSTMENT 383 FOREIGN TAXES 9 9 0 FEDERAL TAX PAYMENT - PRIOR YE 1700 0 0 FOREIGN TAXES ON QUALIFIED FOR 177 177 0 FOREIGN TAXES ON NONQUALIFIED 82 82 0