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          <RecipientPersonNm>FARMERS MERCHANTS BANK</RecipientPersonNm>
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            <AddressLine1Txt>PO BOX 1928</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
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          <FormAndInfoAndMaterialsTxt>GENERAL INFORMATION ABOUT THE APPLICANT, OTHER SCHOLARSHIPS AND AMOUNTS, FINANCIAL STATEMENT, CURRENT INCOME TAX RETURN, TRANSCRIPT, A LETTER OF RECOMMENDATION, ACT, AND SAT SCORES.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>JANUARY 1 TO MARCH 30 OF THE YEAR THE SCHOLARHSIP IS AWARDED.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRADUATE OF MOUNTAIN HOME HIGH SCHOOL, MOUNTAIN HOME, ARKANSAS, AND ACCEPTED BY COLLEGE, UNIVERSITY, VO- TECH, OR OTHER SCHOOL DESCRIBED IN IRC 170 (B) (1) (A) (II) AS A CANDIDATE FRO A CERTIFICATE OR UNDERGRADUATE OR GRADUATE DEGREE, FULL OR PART TIME AT AN INSTITUTION LOCATED WITHIN THE CONTINENTAL USA. SELECTIONS BASED ON FINANCIAL NEED, CHARACTER, AND SCHOLASTIC ABILITY.</RestrictionsOnAwardsTxt>
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          <RecipientPersonNm>ABBY TAYLOR</RecipientPersonNm>
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            <AddressLine1Txt>148 LEXINGTON DR</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHLARSHIP</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ALEXA DARRACQ</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>71 MANDARIN CT</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2030</Amt>
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          <RecipientPersonNm>ANNA GRACE FOREMAN</RecipientPersonNm>
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            <AddressLine1Txt>528 TRACY FERRY RD</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2030</Amt>
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          <RecipientPersonNm>ASHLAN TILLEY</RecipientPersonNm>
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            <AddressLine1Txt>940 CR 30</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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          <RecipientPersonNm>BEAU PREIS</RecipientPersonNm>
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            <AddressLine1Txt>140 MARQUIS DR</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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          <RecipientPersonNm>BRITNEY JENKINS</RecipientPersonNm>
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            <AddressLine1Txt>701 OHIO AVE</AddressLine1Txt>
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            <StateAbbreviationCd>AR</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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          <RecipientPersonNm>CLAIRE BARNES</RecipientPersonNm>
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            <AddressLine1Txt>PO BOX 294</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
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          <RecipientPersonNm>DILLAN SMAKAL</RecipientPersonNm>
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            <AddressLine1Txt>1076 NUBBIN RIDGE RD</AddressLine1Txt>
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          <RecipientPersonNm>ISABELLA RUSHING</RecipientPersonNm>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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          <RecipientPersonNm>KACIE ENDERS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1320 12TH AVES SE UNIT 22</AddressLine1Txt>
            <CityNm>NORMAN</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KIAH BEARD</RecipientPersonNm>
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            <AddressLine1Txt>3033 SPRING MILL DR</AddressLine1Txt>
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            <StateAbbreviationCd>AR</StateAbbreviationCd>
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          <RecipientPersonNm>RANZE MAYFIELD</RecipientPersonNm>
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            <AddressLine1Txt>152 CR 1101</AddressLine1Txt>
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            <StateAbbreviationCd>AR</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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          <RecipientPersonNm>SHADD DARRACQ</RecipientPersonNm>
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            <AddressLine1Txt>71 MANDARIN CT</AddressLine1Txt>
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            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>630</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ALEX HESTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>55 BRUIN CT</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MEGAN JONES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>147 CR 2483</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1540</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JACKSON FOSTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1104 RAMBLE LANE</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>910</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LAUREN WEHMEYER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1440 CHRISTENSEN RD</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2030</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SHELBY BETTENHAUSEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>655 KENWAY ST</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1260</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MASON DISMORE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>944 RAMBLE LANE</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1190</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AMELIA FROUNFELTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1117 MAPLE ST</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1330</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CALVIN CZESCHIN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>498 CANVASBACK DR</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>980</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>IVAN BONDARENKO</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>232 PRIOLA LAN</AddressLine1Txt>
            <CityNm>NORFORK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72658</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2030</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AMELIA QUEEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2825 PEBBLE BEACH ROAD AP</AddressLine1Txt>
            <CityNm>CONWAY</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72034</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1680</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HANNAH MARIE CARLISLE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>618 CR 1175</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1680</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>EMMANUEL WESTRA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>5634 CR 46</AddressLine1Txt>
            <CityNm>HENDERSON</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72544</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1680</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>37450</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2261</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>44176</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2866</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>30054</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>49303</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>30054</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>79357</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>GAIN/LOSS ON INVESTMENT SALE</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>INDIRECT ACCOUNTING FEES</CategoryTxt>
        <Amt>1200</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc3">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FARMERS &amp; MERCHANTS</AssetDesc>
        <AcquiredDt>2019-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-09</SoldDt>
        <GrossSalesPriceAmt>158581</GrossSalesPriceAmt>
        <BasisAmt>126505</BasisAmt>
        <TotalNetAmt>32076</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FARMERS &amp; MERCHANTS</AssetDesc>
        <AcquiredDt>2023-02</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-07</SoldDt>
        <GrossSalesPriceAmt>17436</GrossSalesPriceAmt>
        <BasisAmt>19458</BasisAmt>
        <TotalNetAmt>-2022</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>FARMERS &amp; MERCHANTS</StockNm>
        <EOYBookValueAmt>496473</EOYBookValueAmt>
        <EOYFMVAmt>588830</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="RetDoc5">
      <InvestmentLandGrp>
        <CostOrOtherBasisAmt>70</CostOrOtherBasisAmt>
        <BookValueAmt>70</BookValueAmt>
        <EOYFMVAmt>70</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <InvestmentsOtherSchedule2 documentId="RetDoc6">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MUTUAL FUNDS</CategoryOrItemTxt>
        <BookValueAmt>785753</BookValueAmt>
        <EOYFMVAmt>762747</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc7">
      <OtherIncreasesDetail>
        <Desc>REFUND OF PRIOR YEAR SCHOLARSHIP</Desc>
        <Amt>3150</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc8">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>FIDUCIARY FEES</CategoryTxt>
        <Amt>22752</Amt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc9">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>108</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>990 PF 2022</CategoryTxt>
        <Amt>644</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
