COUNTRY CLUB BANK

Last quarter, Country Club Bank's 555-position trust book held two short-duration bond ETFs, JAAA and PAAA, worth a combined $16.6 million among its larger positions. This quarter both are gone entirely, and in their place sit two brand-new single-stock bets: a $9.25 million Oracle stake and a $9.08 million Marvell Technology stake — a small but real shift from fixed-income ballast toward individual growth-tech names. The passive equity core that dominates this book — Vanguard Total Stock Market, Vanguard International, and iShares Core S&P 500, together over 14% of the $1.69 billion portfolio — kept growing through steady share additions, undisturbed by the rotation happening underneath it. Citigroup took the quarter's one real cut: shares down 27.7% and dollar value down alongside it, a genuine reduction rather than a price-driven illusion.