SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	July 31, 2015
Estimated average burden
hours per response:		23.8

Report for the Calendar Year or Quarter Ended:

06-30-2024

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	Arrow Financial Corp
Address:	250 GLEN STREET

	Glens Falls, NY 12801
Form 13F File Number:	028-12533

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:	PENKO IVANOV
Title:	CHIEF FINANCIAL OFFICER
Phone:	518-415-4512
Signature, Place, and Date of Signing:
/s/ PENKO IVANOV		Glens Falls, NY	07-30-2024
[Signature]		[City, State]	[Date]

Report Type (Check only one.):
X	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:	2
	Form 13F Information Table Entry Total:	712
	Form 13F Information Table Value Total:	1,025,096,673
		(thousands)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
	No.	Form 13F File Number	Name
	2		GLENS FALLS NATIONAL BANK & TRUST CO /NY
	3		North Country Investment Advisers, Inc.

SEC FORM 13-F Information Table

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	July 31, 2015
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBOTT LABS	COMMON STOCK	002824100	1,921,088	18,488	SH		DFND	2	18,488	0	0
ABBVIE INC	COMMON STOCK	00287Y109	796,024	4,641	SH		DFND	2	4,641	0	0
ADOBE INC	COMMON STOCK	00724F101	3,203,244	5,766	SH		DFND	2	5,766	0	0
ADVANCED MICRO DEVICES INC	COMMON STOCK	007903107	4,217	26	SH		DFND	2	26	0	0
AIR PRODUCTS & CHEMICALS INC	COMMON STOCK	009158106	64,254	249	SH		DFND	2	249	0	0
ALPHABET INC CL A	COMMON STOCK	02079K305	9,328,084	51,211	SH		DFND	2	51,211	0	0
ALPHABET INC CL C	COMMON STOCK	02079K107	1,971,582	10,749	SH		DFND	2	10,749	0	0
ALTRIA GROUP INC	COMMON STOCK	02209S103	234,583	5,150	SH		DFND	2	5,150	0	0
AMAZON.COM INC	COMMON STOCK	023135106	6,926,273	35,841	SH		DFND	2	35,841	0	0
AMERICAN ELEC PWR INC	COMMON STOCK	025537101	64,313	733	SH		DFND	2	733	0	0
AMERICAN EXPRESS CO	COMMON STOCK	025816109	378,584	1,635	SH		DFND	2	1,635	0	0
AMERICAN INTERNATIONAL GROUP	COMMON STOCK	026874784	7,424	100	SH		DFND	2	100	0	0
AMERICAN SUPERCONDUCTOR CORP	COMMON STOCK	030111207	8,070	345	SH		DFND	2	345	0	0
AMERICAN WATER WORKS CO INC	COMMON STOCK	030420103	756,878	5,860	SH		DFND	2	5,860	0	0
AMGEN INC	COMMON STOCK	031162100	2,432,423	7,785	SH		DFND	2	7,785	0	0
AMPHENOL CORP CL A	COMMON STOCK	032095101	3,147,324	46,717	SH		DFND	2	46,717	0	0
ANALOG DEVICES INC	COMMON STOCK	032654105	13,696	60	SH		DFND	2	60	0	0
APPLE INC	COMMON STOCK	037833100	12,913,533	61,312	SH		DFND	2	61,312	0	0
APPLIED MATERIALS INC	COMMON STOCK	038222105	397,643	1,685	SH		DFND	2	1,685	0	0
ARCHER DANIELS MIDLAND CO	COMMON STOCK	039483102	15,113	250	SH		DFND	2	250	0	0
ASHLAND INC	COMMON STOCK	044186104	10,677	113	SH		DFND	2	113	0	0
AT&T INC	COMMON STOCK	00206R102	148,255	7,758	SH		DFND	2	7,758	0	0
AUTODESK INC	COMMON STOCK	052769106	19,796	80	SH		DFND	2	80	0	0
AUTOMATIC DATA PROCESSING INC	COMMON STOCK	053015103	124,596	522	SH		DFND	2	522	0	0
BADGER METER INC	COMMON STOCK	056525108	18,635	100	SH		DFND	2	100	0	0
BANK OF AMERICA CORP	COMMON STOCK	060505104	2,256,112	56,729	SH		DFND	2	56,729	0	0
BANK OF NEW YORK MELLON CORP	COMMON STOCK	064058100	41,923	700	SH		DFND	2	700	0	0
BECTON DICKINSON	COMMON STOCK	075887109	44,405	190	SH		DFND	2	190	0	0
BERKSHIRE HATHAWAY INC-CL B	COMMON STOCK	084670702	3,355,693	8,249	SH		DFND	2	8,249	0	0
BEST BUY CO INC	COMMON STOCK	086516101	4,130	49	SH		DFND	2	49	0	0
BLACKROCK INC CL A	COMMON STOCK	09247X101	2,572,962	3,268	SH		DFND	2	3,268	0	0
BLACKSTONE INC	COMMON STOCK	09260D107	12,380	100	SH		DFND	2	100	0	0
BOEING CO	COMMON STOCK	097023105	29,122	160	SH		DFND	2	160	0	0
BOOKING HOLDINGS INC	COMMON STOCK	09857L108	114,884	29	SH		DFND	2	29	0	0
BRISTOL MYERS SQUIBB CO	COMMON STOCK	110122108	916,816	22,076	SH		DFND	2	22,076	0	0
BROADCOM INC	COMMON STOCK	11135F101	6,422	4	SH		DFND	2	4	0	0
CAPITAL ONE FINANCIAL CORP	COMMON STOCK	14040H105	2,769	20	SH		DFND	2	20	0	0
CARDINAL HEALTH INC	COMMON STOCK	14149Y108	9,832	100	SH		DFND	2	100	0	0
CARRIER GLOBAL CORP	COMMON STOCK	14448C104	42,579	675	SH		DFND	2	675	0	0
CATERPILLAR INC	COMMON STOCK	149123101	2,097,864	6,298	SH		DFND	2	6,298	0	0
CHARLES SCHWAB CORP	COMMON STOCK	808513105	46,056	625	SH		DFND	2	625	0	0
CHARTER COMMUNICATIONS INC CL	COMMON STOCK	16119P108	897	3	SH		DFND	2	3	0	0
CHEVRON CORPORATION	COMMON STOCK	166764100	1,014,697	6,487	SH		DFND	2	6,487	0	0
CHIPOTLE MEXICAN GRILL INC	COMMON STOCK	169656105	6,265	100	SH		DFND	2	100	0	0
CISCO SYSTEMS INC	COMMON STOCK	17275R102	2,382,436	50,146	SH		DFND	2	50,146	0	0
CLOROX COMPANY	COMMON STOCK	189054109	67,826	497	SH		DFND	2	497	0	0
CME GROUP INC	COMMON STOCK	12572Q105	44,235	225	SH		DFND	2	225	0	0
COCA COLA CO	COMMON STOCK	191216100	1,742,610	27,378	SH		DFND	2	27,378	0	0
COLGATE PALMOLIVE CO	COMMON STOCK	194162103	238,330	2,456	SH		DFND	2	2,456	0	0
COMCAST CORP-CL A	COMMON STOCK	20030N101	93,044	2,376	SH		DFND	2	2,376	0	0
CONOCOPHILLIPS	COMMON STOCK	20825C104	1,437,299	12,566	SH		DFND	2	12,566	0	0
CONSOLIDATED EDISON INC	COMMON STOCK	209115104	92,907	1,039	SH		DFND	2	1,039	0	0
CONSTELLATION BRANDS INC	COMMON STOCK	21036P108	158,227	615	SH		DFND	2	615	0	0
CONSTELLATION ENERGY CORP	COMMON STOCK	21037T109	6,609	33	SH		DFND	2	33	0	0
COSTCO WHOLESALE CORP	COMMON STOCK	22160K105	3,053,164	3,592	SH		DFND	2	3,592	0	0
CSX CORP	COMMON STOCK	126408103	8,429	252	SH		DFND	2	252	0	0
CUMMINS INC	COMMON STOCK	231021106	1,392,681	5,029	SH		DFND	2	5,029	0	0
DANAHER CORP	COMMON STOCK	235851102	1,796,172	7,189	SH		DFND	2	7,189	0	0
DEERE & CO	COMMON STOCK	244199105	104,243	279	SH		DFND	2	279	0	0
DISNEY WALT CO NEW	COMMON STOCK	254687106	2,377,300	23,943	SH		DFND	2	23,943	0	0
DOLLAR GENERAL CORP	COMMON STOCK	256677105	16,132	122	SH		DFND	2	122	0	0
DOLLAR TREE INC	COMMON STOCK	256746108	818,072	7,662	SH		DFND	2	7,662	0	0
DOMINION ENERGY INC	COMMON STOCK	25746U109	723,289	14,761	SH		DFND	2	14,761	0	0
DOW INC	COMMON STOCK	260557103	43,925	828	SH		DFND	2	828	0	0
DTE ENERGY CO	COMMON STOCK	233331107	3,885	35	SH		DFND	2	35	0	0
DUKE ENERGY CORP	COMMON STOCK	26441C204	94,818	946	SH		DFND	2	946	0	0
DUPONT DE NEMOURS INC	COMMON STOCK	26614N102	65,841	818	SH		DFND	2	818	0	0
EASTMAN CHEMICAL CO	COMMON STOCK	277432100	758,288	7,740	SH		DFND	2	7,740	0	0
EBAY INC	COMMON STOCK	278642103	21,488	400	SH		DFND	2	400	0	0
ECOLAB INC	COMMON STOCK	278865100	505,988	2,126	SH		DFND	2	2,126	0	0
EDISON INTERNATIONAL	COMMON STOCK	281020107	25,134	350	SH		DFND	2	350	0	0
EMERSON ELEC CO	COMMON STOCK	291011104	157,198	1,427	SH		DFND	2	1,427	0	0
EOG RES INC	COMMON STOCK	26875P101	18,251	145	SH		DFND	2	145	0	0
ESSENTIAL UTILITIES INC	COMMON STOCK	29670G102	31,059	832	SH		DFND	2	832	0	0
EVANS BANCORP INC	COMMON STOCK	29911Q208	8,433	300	SH		DFND	2	300	0	0
EXELON CORP	COMMON STOCK	30161N101	3,461	100	SH		DFND	2	100	0	0
EXXON MOBIL CORP	COMMON STOCK	30231G102	2,948,799	25,615	SH		DFND	2	25,615	0	0
FACTSET RESEARCH SYSTEM INC	COMMON STOCK	303075105	16,739	41	SH		DFND	2	41	0	0
FEDEX CORPORATION	COMMON STOCK	31428X106	185,901	620	SH		DFND	2	620	0	0
FIRST SOLAR INC	COMMON STOCK	336433107	4,509	20	SH		DFND	2	20	0	0
FIRSTENERGY CORP	COMMON STOCK	337932107	30,654	801	SH		DFND	2	801	0	0
FISERV INC	COMMON STOCK	337738108	335,340	2,250	SH		DFND	2	2,250	0	0
FLUSHING FINANCIAL CORP	COMMON STOCK	343873105	13,150	1,000	SH		DFND	2	1,000	0	0
FORD MOTOR CO DEL	COMMON STOCK	345370860	131,670	10,500	SH		DFND	2	10,500	0	0
FORTREA HLDGS INC	COMMON STOCK	34965K107	2,567	110	SH		DFND	2	110	0	0
GE AEROSPACE	COMMON STOCK	369604301	574,518	3,614	SH		DFND	2	3,614	0	0
GE HEALTHCARE TECHNOLOGIES INC	COMMON STOCK	36266G107	73,167	939	SH		DFND	2	939	0	0
GE VERNOVA LLC	COMMON STOCK	36828A101	113,540	662	SH		DFND	2	662	0	0
GENERAL DYNAMICS CORP	COMMON STOCK	369550108	1,772,175	6,108	SH		DFND	2	6,108	0	0
GENERAL MLS INC	COMMON STOCK	370334104	169,157	2,674	SH		DFND	2	2,674	0	0
GENUINE PARTS CO	COMMON STOCK	372460105	29,047	210	SH		DFND	2	210	0	0
GILEAD SCIENCES INC	COMMON STOCK	375558103	71,903	1,048	SH		DFND	2	1,048	0	0
GOLDMAN SACHS GROUP INC	COMMON STOCK	38141G104	141,124	312	SH		DFND	2	312	0	0
GRAINGER W W INC	COMMON STOCK	384802104	56,841	63	SH		DFND	2	63	0	0
HARLEY DAVIDSON INC	COMMON STOCK	412822108	6,708	200	SH		DFND	2	200	0	0
HOME DEPOT INC	COMMON STOCK	437076102	3,809,704	11,067	SH		DFND	2	11,067	0	0
HONEYWELL INTERNATIONAL INC	COMMON STOCK	438516106	2,221,030	10,401	SH		DFND	2	10,401	0	0
IDACORP INC	COMMON STOCK	451107106	21,611	232	SH		DFND	2	232	0	0
ILLINOIS TOOL WKS INC	COMMON STOCK	452308109	104,262	440	SH		DFND	2	440	0	0
INGERSOLL-RAND INC	COMMON STOCK	45687V106	1,434,000	15,786	SH		DFND	2	15,786	0	0
INTEL CORP	COMMON STOCK	458140100	275,571	8,898	SH		DFND	2	8,898	0	0
INTERCONTINENTAL EXCHANGE GROU	COMMON STOCK	45866F104	2,552,040	18,643	SH		DFND	2	18,643	0	0
INTERNATIONAL FLAVORS & FRAGRA	COMMON STOCK	459506101	42,940	451	SH		DFND	2	451	0	0
INTL. BUSINESS MACHINES CORP	COMMON STOCK	459200101	242,822	1,404	SH		DFND	2	1,404	0	0
JACK HENRY & ASSOC INC	COMMON STOCK	426281101	19,922	120	SH		DFND	2	120	0	0
JACOBS SOLUTIONS INC	COMMON STOCK	46982L108	59,377	425	SH		DFND	2	425	0	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	2,311,228	15,813	SH		DFND	2	15,813	0	0
JP MORGAN CHASE & CO	COMMON STOCK	46625H100	4,121,452	20,377	SH		DFND	2	20,377	0	0
KELLANOVA	COMMON STOCK	487836108	5,768	100	SH		DFND	2	100	0	0
KEYCORP	COMMON STOCK	493267108	15,020	1,057	SH		DFND	2	1,057	0	0
KIMBERLY CLARK CORP	COMMON STOCK	494368103	20,177	146	SH		DFND	2	146	0	0
KNIFE RIVER CORP	COMMON STOCK	498894104	10,521	150	SH		DFND	2	150	0	0
LABCORP HOLDINGS INC	COMMON STOCK	504922105	22,386	110	SH		DFND	2	110	0	0
LENNAR CORP CL A	COMMON STOCK	526057104	655,981	4,377	SH		DFND	2	4,377	0	0
LILLY ELI & CO	COMMON STOCK	532457108	3,190,559	3,524	SH		DFND	2	3,524	0	0
LOCKHEED MARTIN CORP	COMMON STOCK	539830109	161,617	346	SH		DFND	2	346	0	0
LOWES COS INC	COMMON STOCK	548661107	893,745	4,054	SH		DFND	2	4,054	0	0
MANITOWOC CO INC	COMMON STOCK	563571405	2,306	200	SH		DFND	2	200	0	0
MARRIOTT INTERNATIONAL INC	COMMON STOCK	571903202	2,418	10	SH		DFND	2	10	0	0
MARVELL TECHNOLOGY INC	COMMON STOCK	573874104	1,043,327	14,926	SH		DFND	2	14,926	0	0
MASCO CORP	COMMON STOCK	574599106	1,474,940	22,123	SH		DFND	2	22,123	0	0
MASTERCARD INC CL A	COMMON STOCK	57636Q104	1,551,119	3,516	SH		DFND	2	3,516	0	0
MATSON INC	COMMON STOCK	57686G105	13,097	100	SH		DFND	2	100	0	0
MCCORMICK & CO INC	COMMON STOCK	579780206	80,233	1,131	SH		DFND	2	1,131	0	0
MCDONALDS CORP	COMMON STOCK	580135101	2,107,527	8,270	SH		DFND	2	8,270	0	0
MERCK & CO INC	COMMON STOCK	58933Y105	484,058	3,910	SH		DFND	2	3,910	0	0
META PLATFORMS INC CL A	COMMON STOCK	30303M102	3,569,373	7,079	SH		DFND	2	7,079	0	0
METLIFE INC	COMMON STOCK	59156R108	22,812	325	SH		DFND	2	325	0	0
MICROSOFT CORP	COMMON STOCK	594918104	13,284,248	29,722	SH		DFND	2	29,722	0	0
MONDELEZ INTERNATIONAL INC	COMMON STOCK	609207105	23,886	365	SH		DFND	2	365	0	0
MORGAN STANLEY	COMMON STOCK	617446448	1,412,462	14,533	SH		DFND	2	14,533	0	0
NBT BANCORP INC COM	COMMON STOCK	628778102	14,089	365	SH		DFND	2	365	0	0
NETFLIX INC	COMMON STOCK	64110L106	2,154,217	3,192	SH		DFND	2	3,192	0	0
NEXTERA ENERGY INC	COMMON STOCK	65339F101	474,639	6,703	SH		DFND	2	6,703	0	0
NIKE INC-CLASS B	COMMON STOCK	654106103	45,373	602	SH		DFND	2	602	0	0
NORFOLK SOUTHERN CORP	COMMON STOCK	655844108	50,452	235	SH		DFND	2	235	0	0
NORTHROP GRUMMAN CORPORATION	COMMON STOCK	666807102	35,748	82	SH		DFND	2	82	0	0
NUCOR CORP	COMMON STOCK	670346105	5,533	35	SH		DFND	2	35	0	0
NVIDIA CORP	COMMON STOCK	67066G104	11,054,112	89,478	SH		DFND	2	89,478	0	0
OCCIDENTAL PETE CORP	COMMON STOCK	674599105	1,576	25	SH		DFND	2	25	0	0
ORACLE CORPORATION	COMMON STOCK	68389X105	4,527,013	32,061	SH		DFND	2	32,061	0	0
PACKAGING CORP OF AMERICA	COMMON STOCK	695156109	15,518	85	SH		DFND	2	85	0	0
PALO ALTO NETWORKS INC	COMMON STOCK	697435105	1,318,749	3,890	SH		DFND	2	3,890	0	0
PAYCHEX INC	COMMON STOCK	704326107	317,622	2,679	SH		DFND	2	2,679	0	0
PAYPAL HOLDINGS INC	COMMON STOCK	70450Y103	169,680	2,924	SH		DFND	2	2,924	0	0
PENN ENTERTAINMENT INC	COMMON STOCK	707569109	29,710	1,535	SH		DFND	2	1,535	0	0
PEPSICO INC	COMMON STOCK	713448108	1,238,624	7,510	SH		DFND	2	7,510	0	0
PFIZER INC	COMMON STOCK	717081103	170,986	6,111	SH		DFND	2	6,111	0	0
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	344,117	3,396	SH		DFND	2	3,396	0	0
PHILLIPS 66	COMMON STOCK	718546104	20,187	143	SH		DFND	2	143	0	0
PLUG POWER INC	COMMON STOCK	72919P202	1,631	700	SH		DFND	2	700	0	0
PROCTER & GAMBLE CO	COMMON STOCK	742718109	2,592,542	15,720	SH		DFND	2	15,720	0	0
PRUDENTIAL FINL INC	COMMON STOCK	744320102	32,930	281	SH		DFND	2	281	0	0
QUALCOMM INC	COMMON STOCK	747525103	339,403	1,704	SH		DFND	2	1,704	0	0
QUANTA SERVICES INC	COMMON STOCK	74762E102	436,273	1,717	SH		DFND	2	1,717	0	0
ROKU INC	COMMON STOCK	77543R102	5,993	100	SH		DFND	2	100	0	0
ROPER TECHNOLOGIES INC	COMMON STOCK	776696106	49,038	87	SH		DFND	2	87	0	0
ROSS STORES INC	COMMON STOCK	778296103	36,185	249	SH		DFND	2	249	0	0
RTX CORPORATION	COMMON STOCK	75513E101	209,012	2,082	SH		DFND	2	2,082	0	0
RYDER SYSTEM INC	COMMON STOCK	783549108	12,388	100	SH		DFND	2	100	0	0
S&P GLOBAL INC	COMMON STOCK	78409V104	49,060	110	SH		DFND	2	110	0	0
SALESFORCE INC	COMMON STOCK	79466L302	3,571,633	13,892	SH		DFND	2	13,892	0	0
SERVICENOW INC	COMMON STOCK	81762P102	3,933	5	SH		DFND	2	5	0	0
SHERWIN WILLIAMS CO	COMMON STOCK	824348106	165,629	555	SH		DFND	2	555	0	0
SIMON PROPERTY GROUP INC REIT	COMMON STOCK	828806109	5,161	34	SH		DFND	2	34	0	0
SIRIUS XM HOLDINGS INC	COMMON STOCK	82968B103	2,830	1,000	SH		DFND	2	1,000	0	0
SMITH A O CORPORATION	COMMON STOCK	831865209	31,894	390	SH		DFND	2	390	0	0
SNOWFLAKE INC CL A	COMMON STOCK	833445109	675,720	5,002	SH		DFND	2	5,002	0	0
SOLAREDGE TECHNOLOGIES INC	COMMON STOCK	83417M104	379	15	SH		DFND	2	15	0	0
SOLVENTUM CORP	COMMON STOCK	83444M101	10,788	204	SH		DFND	2	204	0	0
SONOCO PRODUCTS CO	COMMON STOCK	835495102	2,536	50	SH		DFND	2	50	0	0
SOUTHERN COMPANY	COMMON STOCK	842587107	39,949	515	SH		DFND	2	515	0	0
SOUTHWEST AIRLINES CO	COMMON STOCK	844741108	5,722	200	SH		DFND	2	200	0	0
STARBUCKS CORP	COMMON STOCK	855244109	773,362	9,934	SH		DFND	2	9,934	0	0
STRYKER CORPORATION	COMMON STOCK	863667101	2,579,435	7,581	SH		DFND	2	7,581	0	0
SYSCO CORP	COMMON STOCK	871829107	845,115	11,838	SH		DFND	2	11,838	0	0
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	168,929	1,465	SH		DFND	2	1,465	0	0
T-MOBILE US INC	COMMON STOCK	872590104	1,623,499	9,215	SH		DFND	2	9,215	0	0
TARGET CORP	COMMON STOCK	87612E106	12,731	86	SH		DFND	2	86	0	0
TERADYNE INC	COMMON STOCK	880770102	1,404,751	9,473	SH		DFND	2	9,473	0	0
TESLA INC	COMMON STOCK	88160R101	830,502	4,197	SH		DFND	2	4,197	0	0
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	774,229	3,980	SH		DFND	2	3,980	0	0
THE HERSHEY COMPANY	COMMON STOCK	427866108	41,362	225	SH		DFND	2	225	0	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	2,522,233	4,561	SH		DFND	2	4,561	0	0
TJX COS INC	COMMON STOCK	872540109	2,299,439	20,885	SH		DFND	2	20,885	0	0
TOMPKINS FINANCIAL CORPORATION	COMMON STOCK	890110109	26,406	540	SH		DFND	2	540	0	0
TRAVELERS COMPANIES INC	COMMON STOCK	89417E109	1,740,184	8,558	SH		DFND	2	8,558	0	0
TRUIST FINANCIAL CORP	COMMON STOCK	89832Q109	49,534	1,275	SH		DFND	2	1,275	0	0
TRUMP MEDIA & TECHNOLOGY GROUP	COMMON STOCK	25400Q105	2,293	70	SH		DFND	2	70	0	0
UNION PAC CORP	COMMON STOCK	907818108	1,801,030	7,960	SH		DFND	2	7,960	0	0
UNITED PARCEL SERVICE CL B	COMMON STOCK	911312106	112,901	825	SH		DFND	2	825	0	0
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	2,062,503	4,050	SH		DFND	2	4,050	0	0
US BANCORP NEW	COMMON STOCK	902973304	139,069	3,503	SH		DFND	2	3,503	0	0
VERIZON COMMUNICATIONS	COMMON STOCK	92343V104	267,400	6,484	SH		DFND	2	6,484	0	0
VERTEX PHARMACEUTICALS INC	COMMON STOCK	92532F100	1,288,511	2,749	SH		DFND	2	2,749	0	0
VIATRIS INC	COMMON STOCK	92556V106	255	24	SH		DFND	2	24	0	0
VIRGIN GALACTIC HOLDINGS INC	COMMON STOCK	92766K403	447	53	SH		DFND	2	53	0	0
VISA INC CL A	COMMON STOCK	92826C839	3,241,242	12,349	SH		DFND	2	12,349	0	0
VULCAN MATERIALS CO	COMMON STOCK	929160109	184,521	742	SH		DFND	2	742	0	0
WABTEC CORP	COMMON STOCK	929740108	30,030	190	SH		DFND	2	190	0	0
WALMART INC	COMMON STOCK	931142103	2,064,749	30,494	SH		DFND	2	30,494	0	0
WARNER BROS DISCOVERY INC CL A	COMMON STOCK	934423104	82	11	SH		DFND	2	11	0	0
WASTE MANAGEMENT INC	COMMON STOCK	94106L109	63,789	299	SH		DFND	2	299	0	0
WEC ENERGY GROUP INC	COMMON STOCK	92939U106	19,615	250	SH		DFND	2	250	0	0
WELLS FARGO & CO	COMMON STOCK	949746101	284,775	4,795	SH		DFND	2	4,795	0	0
WENDY'S CO	COMMON STOCK	95058W100	11,363	670	SH		DFND	2	670	0	0
WILLIAMS COS INC	COMMON STOCK	969457100	1,769,233	41,629	SH		DFND	2	41,629	0	0
WK KELLOGG CO	COMMON STOCK	92942W107	412	25	SH		DFND	2	25	0	0
YUM CHINA HOLDINGS INC	COMMON STOCK	98850P109	15,420	500	SH		DFND	2	500	0	0
YUM! BRANDS INC	COMMON STOCK	988498101	1,464,213	11,054	SH		DFND	2	11,054	0	0
ZIMMER BIOMET HOLDINGS INC	COMMON STOCK	98956P102	61,862	570	SH		DFND	2	570	0	0
ZSCALER INC	COMMON STOCK	98980G102	3,844	20	SH		DFND	2	20	0	0
3M CO	COMMON STOCK	88579Y101	193,139	1,890	SH		DFND	2	1,890	0	0
BP PLC SPONS ADR	COMMON STOCK	055622104	76,604	2,122	SH		DFND	2	2,122	0	0
COMPASS PATHWAYS LTD SPONS ADR	COMMON STOCK	20451W101	604	100	SH		DFND	2	100	0	0
NOVO NORDISK AS SPONS ADR	COMMON STOCK	670100205	2,855	20	SH		DFND	2	20	0	0
RIO TINTO PLC SPONS ADR	COMMON STOCK	767204100	46,151	700	SH		DFND	2	700	0	0
AMERICAN TOWER CORP REIT	COMMON STOCK	03027X100	36,349	187	SH		DFND	2	187	0	0
LXP INDUSTRIAL TRUST REIT	COMMON STOCK	529043101	13,680	1,500	SH		DFND	2	1,500	0	0
WEYERHAEUSER CO REIT	COMMON STOCK	962166104	3,123	110	SH		DFND	2	110	0	0
ARROW FINANCIAL CORPORATION	COMMON STOCK	042744102	49,087,318	1,884,350	SH		DFND	2	1,884,350	0	0
ACCENTURE PLC CL A	COMMON STOCK	G1151C101	66,750	220	SH		DFND	2	220	0	0
BARRICK GOLD CORP	COMMON STOCK	067901108	20,016	1,200	SH		DFND	2	1,200	0	0
BIRKENSTOCK HOLDING PLC	COMMON STOCK	M2029K104	5,441	100	SH		DFND	2	100	0	0
CHECK POINT SOFTWARE TECH LTD	COMMON STOCK	M22465104	26,400	160	SH		DFND	2	160	0	0
EATON CORP PLC	COMMON STOCK	G29183103	43,897	140	SH		DFND	2	140	0	0
ENBRIDGE INCORPORATED	COMMON STOCK	29250N105	71,180	2,000	SH		DFND	2	2,000	0	0
GLOBALFOUNDRIES INC	COMMON STOCK	G39387108	20,224	400	SH		DFND	2	400	0	0
LINDE PLC	COMMON STOCK	G54950103	89,956	205	SH		DFND	2	205	0	0
LITHIUM AMERICAS ARGENTINA C	COMMON STOCK	53681K100	320	100	SH		DFND	2	100	0	0
LITHIUM AMERICAS CORP	COMMON STOCK	53681J103	268	100	SH		DFND	2	100	0	0
LYONDELLBASELL INDUSTRIES NV	COMMON STOCK	N53745100	830,616	8,683	SH		DFND	2	8,683	0	0
MANULIFE FINANCIAL CORP	COMMON STOCK	56501R106	6,282	236	SH		DFND	2	236	0	0
MEDTRONIC PLC	COMMON STOCK	G5960L103	55,412	704	SH		DFND	2	704	0	0
MIND MEDICINE MINDMED INC	COMMON STOCK	60255C885	476	66	SH		DFND	2	66	0	0
RESTAURANT BRANDS INTERNATIONA	COMMON STOCK	76131D103	15,200	216	SH		DFND	2	216	0	0
ROYAL BANK OF CANADA	COMMON STOCK	780087102	10,638	100	SH		DFND	2	100	0	0
SCHLUMBERGER LTD	COMMON STOCK	806857108	18,117	384	SH		DFND	2	384	0	0
SHOPIFY INC CL A	COMMON STOCK	82509L107	23,778	360	SH		DFND	2	360	0	0
THOMSON REUTERS CORP	COMMON STOCK	884903808	14,497	86	SH		DFND	2	86	0	0
TORONTO DOMINION BANK	COMMON STOCK	891160509	32,097	584	SH		DFND	2	584	0	0
COMM. SERV. SELECT SECTOR SPDR	OTHER	81369Y852	18,845	220	SH		DFND	2	220	0	0
CONS DISC SELECT SECTOR SPDR F	OTHER	81369Y407	322,848	1,770	SH		DFND	2	1,770	0	0
CONS STAPLES SELECT SECT SPDR	OTHER	81369Y308	97,333	1,271	SH		DFND	2	1,271	0	0
ENERGY SELECT SECTOR SPDR FUND	OTHER	81369Y506	165,984	1,821	SH		DFND	2	1,821	0	0
FINANCIAL SELECT SECTOR SPDR F	OTHER	81369Y605	526,044	12,796	SH		DFND	2	12,796	0	0
GABELLI DIVIDEND & INCOME TRUS	OTHER	36242H104	33,724	1,485	SH		DFND	2	1,485	0	0
HEALTH CARE SELECT SECTOR SPDR	OTHER	81369Y209	477,186	3,274	SH		DFND	2	3,274	0	0
INDUSTRIAL SELECT SECTOR SPDR	OTHER	81369Y704	301,019	2,470	SH		DFND	2	2,470	0	0
ISHARES CORE MSCI EAFE ETF	OTHER	46432F842	33,196	457	SH		DFND	2	457	0	0
ISHARES CORE S&P 500 ETF	OTHER	464287200	10,397	19	SH		DFND	2	19	0	0
ISHARES RUSSELL MIDCAP ETF	OTHER	464287499	218,511	2,695	SH		DFND	2	2,695	0	0
ISHARES SILVER TRUST	OTHER	46428Q109	100,567	3,785	SH		DFND	2	3,785	0	0
ISHARES US REGIONAL BANKS ETF	OTHER	464288778	30,473	735	SH		DFND	2	735	0	0
MATERIALS SELECT SECTOR SPDR F	OTHER	81369Y100	1,101,049	12,468	SH		DFND	2	12,468	0	0
NUVEEN ESG SMALL-CAP ETF	OTHER	67092P607	147,525	3,750	SH		DFND	2	3,750	0	0
SPDR GOLD TRUST	OTHER	78463V107	300,799	1,399	SH		DFND	2	1,399	0	0
SPDR PORTFOLIO S&P 500 GROWTH	OTHER	78464A409	387,989	4,842	SH		DFND	2	4,842	0	0
SPDR S&P BIOTECH ETF	OTHER	78464A870	133,502	1,440	SH		DFND	2	1,440	0	0
SPDR S&P INSURANCE ETF	OTHER	78464A789	62,786	1,260	SH		DFND	2	1,260	0	0
SPDR S&P MIDCAP 400 ETF TRUST	OTHER	78467Y107	13,377	25	SH		DFND	2	25	0	0
SPDR S&P PHARMACEUTICALS ETF	OTHER	78464A722	1,989	50	SH		DFND	2	50	0	0
SPDR S&P 500 ETF TRUST	OTHER	78462F103	3,751,853	6,894	SH		DFND	2	6,894	0	0
TECHNOLOGY SELECT SECTOR SPDR	OTHER	81369Y803	1,014,415	4,484	SH		DFND	2	4,484	0	0
UTILITIES SELECT SECTOR SPDR F	OTHER	81369Y886	792,332	11,628	SH		DFND	2	11,628	0	0
VANECK BIOTECH ETF	OTHER	92189F726	42,103	250	SH		DFND	2	250	0	0
VANECK SOCIAL SENTIMENT ETF	OTHER	92189H839	37,135	1,750	SH		DFND	2	1,750	0	0
VANGUARD GROWTH ETF	OTHER	922908736	207,950	556	SH		DFND	2	556	0	0
VANGUARD INFO TECH ETF	OTHER	92204A702	26,523	46	SH		DFND	2	46	0	0
VANGUARD MID-CAP ETF	OTHER	922908629	25,234,083	104,230	SH		DFND	2	104,230	0	0
VANGUARD REAL ESTATE ETF	OTHER	922908553	415,868	4,965	SH		DFND	2	4,965	0	0
VANGUARD SMALL-CAP ETF	OTHER	922908751	11,145,333	51,116	SH		DFND	2	51,116	0	0
FLAH & CRUM PFD & INCM FUND	OTHER	338480106	40,371	3,867	SH		DFND	2	3,867	0	0
ISHARES BARCLAYS 1-3 YEAR TR E	OTHER	464287457	121,169	1,484	SH		DFND	2	1,484	0	0
ISHARES CORE U.S. AGGREGATE	OTHER	464287226	6,186,271	63,730	SH		DFND	2	63,730	0	0
ISHARES ESG AWARE 1-5 YEAR USD	OTHER	46435G243	534,617	21,830	SH		DFND	2	21,830	0	0
ISHARES IBONDS DEC 2024 MUNI E	OTHER	46435U697	239,770	9,206	SH		DFND	2	9,206	0	0
ISHARES IBONDS DEC 2026 MUNI E	OTHER	46435U259	239,299	9,451	SH		DFND	2	9,451	0	0
ISHARES IBONDS DEC 2028 TERM M	OTHER	46435U325	236,389	9,448	SH		DFND	2	9,448	0	0
ISHARES IBONDS 2024 H/Y INC	OTHER	46435U184	3,926,816	168,968	SH		DFND	2	168,968	0	0
ISHARES 1-5Y INV GRADE CORP ET	OTHER	464288646	301,240	5,879	SH		DFND	2	5,879	0	0
ISHARES 20 PLUS YEAR TREASURY BOND	OTHER	464287432	73,424	800	SH		DFND	2	800	0	0
VANGUARD SHORT TERM CORP BOND	OTHER	92206C409	5,543,631	71,739	SH		DFND	2	71,739	0	0
VANGUARD TOTAL BOND MARKET ETF	OTHER	921937835	1,844,840	25,605	SH		DFND	2	25,605	0	0
ISHARES IBONDS DEC 2025 MUNI E	OTHER	46435U432	238,524	9,006	SH		DFND	2	9,006	0	0
ISHARES IBONDS DEC 2027 MUNI E	OTHER	46435U283	238,020	9,517	SH		DFND	2	9,517	0	0
ISHARES NATIONAL MUNI BOND ETF	OTHER	464288414	1,331,449	12,496	SH		DFND	2	12,496	0	0
ISHARES NEW YORK MUNI BOND ETF	OTHER	464288323	4,448,615	83,323	SH		DFND	2	83,323	0	0
PIMCO ENHANCED SHORT MATURITY	OTHER	72201R833	9,993,438	99,289	SH		DFND	2	99,289	0	0
ISHARES 10-20 YEAR TREASURY BO	OTHER	464288653	21,714,888	211,440	SH		DFND	2	211,440	0	0
ISHARES CORE MSCI DEV MKTS ETF	OTHER	46435G326	26,885,488	409,590	SH		DFND	2	409,590	0	0
ISHARES IBONDS 2025 H/Y INC ET	OTHER	46435U168	26,709,692	1,147,570	SH		DFND	2	1,147,570	0	0
INVESCO QQQ TRUST SERIES 1	OTHER	46090E103	58,159,642	121,391	SH		DFND	2	121,391	0	0
ISHARES CORE S&P SMALL-CAP ETF	OTHER	464287804	41,048,741	384,856	SH		DFND	2	384,856	0	0
VANGUARD S&P 500 ETF	OTHER	922908363	94,379,032	188,709	SH		DFND	2	188,709	0	0
ISHARES CORE S&P MID-CAP ETF	OTHER	464287507	47,869,477	818,002	SH		DFND	2	818,002	0	0
SPDR PORTFOLIO S&P 500 VALUE E	OTHER	78464A508	41,204,211	845,388	SH		DFND	2	845,388	0	0
ISHARES IBONDS DEC 2024 TERM C	OTHER	46434VBG4	11,000,507	437,744	SH		DFND	2	437,744	0	0
ISHARES IBONDS DEC 2025 TERM C	OTHER	46434VBD1	11,733,845	471,997	SH		DFND	2	471,997	0	0
ISHARES IBONDS DEC 2028 TERM C	OTHER	46435U515	11,705,930	472,585	SH		DFND	2	472,585	0	0
ISHARES IBONDS DEC 2032 TC ETF	OTHER	46436E312	12,395,751	504,713	SH		DFND	2	504,713	0	0
ISHARES IBONDS DEC 2026 TERM C	OTHER	46435GAA0	11,794,163	495,137	SH		DFND	2	495,137	0	0
ISHARES IBONDS DEC 2027 TERM C	OTHER	46435UAA9	11,551,361	486,783	SH		DFND	2	486,783	0	0
ISHARES IBONDS DEC 2029 TERM C	OTHER	46436E205	11,849,201	522,682	SH		DFND	2	522,682	0	0
ISHARES IBONDS DEC 2030 TERM C	OTHER	46436E726	12,022,402	565,494	SH		DFND	2	565,494	0	0
ISHARES IBONDS DEC 2031 TERM C	OTHER	46436E486	12,072,367	594,991	SH		DFND	2	594,991	0	0
ISHARES IBONDS DEC 2033 CORP	OTHER	46436E130	11,465,320	454,973	SH		DFND	2	454,973	0	0
ABBOTT LABS	COMMON STOCK	002824100	44,266	426	SH		OTR	2	0	426	0
ABBVIE INC	COMMON STOCK	00287Y109	222,976	1,300	SH		OTR	2	0	1,300	0
ADOBE INC	COMMON STOCK	00724F101	111,108	200	SH		OTR	2	0	200	0
ALPHABET INC CL A	COMMON STOCK	02079K305	998,000	5,479	SH		OTR	2	0	5,479	0
ALPHABET INC CL C	COMMON STOCK	02079K107	200,845	1,095	SH		OTR	2	0	1,095	0
AMAZON.COM INC	COMMON STOCK	023135106	440,610	2,280	SH		OTR	2	0	2,280	0
AMERICAN EXPRESS CO	COMMON STOCK	025816109	231,550	1,000	SH		OTR	2	0	1,000	0
AMERICAN WATER WORKS CO INC	COMMON STOCK	030420103	33,969	263	SH		OTR	2	0	263	0
AMGEN INC	COMMON STOCK	031162100	96,547	309	SH		OTR	2	0	309	0
AMPHENOL CORP CL A	COMMON STOCK	032095101	75,185	1,116	SH		OTR	2	0	1,116	0
APPLE INC	COMMON STOCK	037833100	1,441,905	6,846	SH		OTR	2	0	6,846	0
AT&T INC	COMMON STOCK	00206R102	24,327	1,273	SH		OTR	2	0	1,273	0
AUTOMATIC DATA PROCESSING INC	COMMON STOCK	053015103	623,220	2,611	SH		OTR	2	0	2,611	0
BANK OF AMERICA CORP	COMMON STOCK	060505104	159,080	4,000	SH		OTR	2	0	4,000	0
BANK OF NEW YORK MELLON CORP	COMMON STOCK	064058100	35,934	600	SH		OTR	2	0	600	0
BAXTER INTL INC	COMMON STOCK	071813109	56,029	1,675	SH		OTR	2	0	1,675	0
BECTON DICKINSON	COMMON STOCK	075887109	33,888	145	SH		OTR	2	0	145	0
BERKSHIRE HATHAWAY INC-CL B	COMMON STOCK	084670702	396,630	975	SH		OTR	2	0	975	0
BLACKROCK INC CL A	COMMON STOCK	09247X101	156,677	199	SH		OTR	2	0	199	0
BRISTOL MYERS SQUIBB CO	COMMON STOCK	110122108	64,621	1,556	SH		OTR	2	0	1,556	0
CARDINAL HEALTH INC	COMMON STOCK	14149Y108	19,664	200	SH		OTR	2	0	200	0
CARRIER GLOBAL CORP	COMMON STOCK	14448C104	296,476	4,700	SH		OTR	2	0	4,700	0
CATERPILLAR INC	COMMON STOCK	149123101	342,760	1,029	SH		OTR	2	0	1,029	0
CHEVRON CORPORATION	COMMON STOCK	166764100	304,863	1,949	SH		OTR	2	0	1,949	0
CISCO SYSTEMS INC	COMMON STOCK	17275R102	61,145	1,287	SH		OTR	2	0	1,287	0
COCA COLA CO	COMMON STOCK	191216100	107,314	1,686	SH		OTR	2	0	1,686	0
COLGATE PALMOLIVE CO	COMMON STOCK	194162103	536,340	5,527	SH		OTR	2	0	5,527	0
CONOCOPHILLIPS	COMMON STOCK	20825C104	137,942	1,206	SH		OTR	2	0	1,206	0
CONSTELLATION BRANDS INC	COMMON STOCK	21036P108	154,111	599	SH		OTR	2	0	599	0
COSTCO WHOLESALE CORP	COMMON STOCK	22160K105	76,499	90	SH		OTR	2	0	90	0
CUMMINS INC	COMMON STOCK	231021106	42,647	154	SH		OTR	2	0	154	0
CVS HEALTH CORP	COMMON STOCK	126650100	23,033	390	SH		OTR	2	0	390	0
DANAHER CORP	COMMON STOCK	235851102	27,234	109	SH		OTR	2	0	109	0
DISNEY WALT CO NEW	COMMON STOCK	254687106	122,027	1,229	SH		OTR	2	0	1,229	0
DOMINION ENERGY INC	COMMON STOCK	25746U109	23,667	483	SH		OTR	2	0	483	0
DOW INC	COMMON STOCK	260557103	1,751	33	SH		OTR	2	0	33	0
DTE ENERGY CO	COMMON STOCK	233331107	31,638	285	SH		OTR	2	0	285	0
DUKE ENERGY CORP	COMMON STOCK	26441C204	41,796	417	SH		OTR	2	0	417	0
ECOLAB INC	COMMON STOCK	278865100	202,300	850	SH		OTR	2	0	850	0
EMBECTA CORP	COMMON STOCK	29082K105	363	29	SH		OTR	2	0	29	0
EMERSON ELEC CO	COMMON STOCK	291011104	288,619	2,620	SH		OTR	2	0	2,620	0
EOG RES INC	COMMON STOCK	26875P101	4,405	35	SH		OTR	2	0	35	0
EXXON MOBIL CORP	COMMON STOCK	30231G102	889,417	7,726	SH		OTR	2	0	7,726	0
GENERAL DYNAMICS CORP	COMMON STOCK	369550108	29,014	100	SH		OTR	2	0	100	0
GILEAD SCIENCES INC	COMMON STOCK	375558103	7,547	110	SH		OTR	2	0	110	0
GOLDMAN SACHS GROUP INC	COMMON STOCK	38141G104	11,308	25	SH		OTR	2	0	25	0
HOME DEPOT INC	COMMON STOCK	437076102	477,117	1,386	SH		OTR	2	0	1,386	0
HONEYWELL INTERNATIONAL INC	COMMON STOCK	438516106	123,213	577	SH		OTR	2	0	577	0
INGERSOLL-RAND INC	COMMON STOCK	45687V106	60,863	670	SH		OTR	2	0	670	0
INTEL CORP	COMMON STOCK	458140100	78,664	2,540	SH		OTR	2	0	2,540	0
INTERCONTINENTAL EXCHANGE GROU	COMMON STOCK	45866F104	100,067	731	SH		OTR	2	0	731	0
INTL. BUSINESS MACHINES CORP	COMMON STOCK	459200101	687,130	3,973	SH		OTR	2	0	3,973	0
INTUIT INC	COMMON STOCK	461202103	492,908	750	SH		OTR	2	0	750	0
JACOBS SOLUTIONS INC	COMMON STOCK	46982L108	54,487	390	SH		OTR	2	0	390	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	819,665	5,608	SH		OTR	2	0	5,608	0
JP MORGAN CHASE & CO	COMMON STOCK	46625H100	1,263,114	6,245	SH		OTR	2	0	6,245	0
KELLANOVA	COMMON STOCK	487836108	51,912	900	SH		OTR	2	0	900	0
LENNAR CORP CL A	COMMON STOCK	526057104	17,235	115	SH		OTR	2	0	115	0
LILLY ELI & CO	COMMON STOCK	532457108	1,492,972	1,649	SH		OTR	2	0	1,649	0
LOWES COS INC	COMMON STOCK	548661107	126,765	575	SH		OTR	2	0	575	0
MARVELL TECHNOLOGY INC	COMMON STOCK	573874104	87,725	1,255	SH		OTR	2	0	1,255	0
MASCO CORP	COMMON STOCK	574599106	22,601	339	SH		OTR	2	0	339	0
MASTERCARD INC CL A	COMMON STOCK	57636Q104	33,087	75	SH		OTR	2	0	75	0
MCDONALDS CORP	COMMON STOCK	580135101	63,710	250	SH		OTR	2	0	250	0
MERCK & CO INC	COMMON STOCK	58933Y105	390,589	3,155	SH		OTR	2	0	3,155	0
META PLATFORMS INC CL A	COMMON STOCK	30303M102	244,042	484	SH		OTR	2	0	484	0
MICROSOFT CORP	COMMON STOCK	594918104	2,210,615	4,946	SH		OTR	2	0	4,946	0
MORGAN STANLEY	COMMON STOCK	617446448	194,380	2,000	SH		OTR	2	0	2,000	0
NETFLIX INC	COMMON STOCK	64110L106	141,725	210	SH		OTR	2	0	210	0
NEXTERA ENERGY INC	COMMON STOCK	65339F101	160,031	2,260	SH		OTR	2	0	2,260	0
NIKE INC-CLASS B	COMMON STOCK	654106103	168,829	2,240	SH		OTR	2	0	2,240	0
NORFOLK SOUTHERN CORP	COMMON STOCK	655844108	91,243	425	SH		OTR	2	0	425	0
NVIDIA CORP	COMMON STOCK	67066G104	1,336,703	10,820	SH		OTR	2	0	10,820	0
OCCIDENTAL PETE CORP	COMMON STOCK	674599105	35,108	557	SH		OTR	2	0	557	0
ORACLE CORPORATION	COMMON STOCK	68389X105	704,588	4,990	SH		OTR	2	0	4,990	0
ORGANON & CO	COMMON STOCK	68622V106	290	14	SH		OTR	2	0	14	0
OTIS WORLDWIDE CORP	COMMON STOCK	68902V107	199,740	2,075	SH		OTR	2	0	2,075	0
PALO ALTO NETWORKS INC	COMMON STOCK	697435105	95,601	282	SH		OTR	2	0	282	0
PARAMOUNT GLOBAL CL B	COMMON STOCK	92556H206	8,063	776	SH		OTR	2	0	776	0
PAYCHEX INC	COMMON STOCK	704326107	89,394	754	SH		OTR	2	0	754	0
PEPSICO INC	COMMON STOCK	713448108	494,955	3,001	SH		OTR	2	0	3,001	0
PFIZER INC	COMMON STOCK	717081103	269,112	9,618	SH		OTR	2	0	9,618	0
PHILLIPS 66	COMMON STOCK	718546104	4,517	32	SH		OTR	2	0	32	0
PROCTER & GAMBLE CO	COMMON STOCK	742718109	525,930	3,189	SH		OTR	2	0	3,189	0
QUEST DIAGNOSTICS INC	COMMON STOCK	74834L100	68,440	500	SH		OTR	2	0	500	0
RTX CORPORATION	COMMON STOCK	75513E101	522,229	5,202	SH		OTR	2	0	5,202	0
RUMBLE INC CL A	COMMON STOCK	78137L105	5,550	1,000	SH		OTR	2	0	1,000	0
SALESFORCE INC	COMMON STOCK	79466L302	216,478	842	SH		OTR	2	0	842	0
SNOWFLAKE INC CL A	COMMON STOCK	833445109	64,708	479	SH		OTR	2	0	479	0
SOLVENTUM CORP	COMMON STOCK	83444M101	34,372	650	SH		OTR	2	0	650	0
SOUTHERN COMPANY	COMMON STOCK	842587107	23,271	300	SH		OTR	2	0	300	0
STARBUCKS CORP	COMMON STOCK	855244109	146,747	1,885	SH		OTR	2	0	1,885	0
STRYKER CORPORATION	COMMON STOCK	863667101	399,113	1,173	SH		OTR	2	0	1,173	0
SYSCO CORP	COMMON STOCK	871829107	18,561	260	SH		OTR	2	0	260	0
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	100,896	875	SH		OTR	2	0	875	0
T-MOBILE US INC	COMMON STOCK	872590104	35,060	199	SH		OTR	2	0	199	0
TERADYNE INC	COMMON STOCK	880770102	73,700	497	SH		OTR	2	0	497	0
TESLA INC	COMMON STOCK	88160R101	43,138	218	SH		OTR	2	0	218	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	179,725	325	SH		OTR	2	0	325	0
TJX COS INC	COMMON STOCK	872540109	230,660	2,095	SH		OTR	2	0	2,095	0
TRAVELERS COMPANIES INC	COMMON STOCK	89417E109	18,911	93	SH		OTR	2	0	93	0
UNION PAC CORP	COMMON STOCK	907818108	96,613	427	SH		OTR	2	0	427	0
UNITED PARCEL SERVICE CL B	COMMON STOCK	911312106	75,268	550	SH		OTR	2	0	550	0
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	151,759	298	SH		OTR	2	0	298	0
US BANCORP NEW	COMMON STOCK	902973304	56,573	1,425	SH		OTR	2	0	1,425	0
VERIZON COMMUNICATIONS	COMMON STOCK	92343V104	81,490	1,976	SH		OTR	2	0	1,976	0
VERTEX PHARMACEUTICALS INC	COMMON STOCK	92532F100	206,706	441	SH		OTR	2	0	441	0
VIATRIS INC	COMMON STOCK	92556V106	11,204	1,054	SH		OTR	2	0	1,054	0
VISA INC CL A	COMMON STOCK	92826C839	346,460	1,320	SH		OTR	2	0	1,320	0
WALMART INC	COMMON STOCK	931142103	122,555	1,810	SH		OTR	2	0	1,810	0
WARNER BROS DISCOVERY INC CL A	COMMON STOCK	934423104	1,443	194	SH		OTR	2	0	194	0
WELLS FARGO & CO	COMMON STOCK	949746101	54,936	925	SH		OTR	2	0	925	0
WILLIAMS COS INC	COMMON STOCK	969457100	71,655	1,686	SH		OTR	2	0	1,686	0
YUM! BRANDS INC	COMMON STOCK	988498101	17,882	135	SH		OTR	2	0	135	0
ZIMMER BIOMET HOLDINGS INC	COMMON STOCK	98956P102	16,280	150	SH		OTR	2	0	150	0
3M CO	COMMON STOCK	88579Y101	301,461	2,950	SH		OTR	2	0	2,950	0
ARROW FINANCIAL CORPORATION	COMMON STOCK	042744102	582,400	22,357	SH		OTR	2	0	22,357	0
EATON CORP PLC	COMMON STOCK	G29183103	148,936	475	SH		OTR	2	0	475	0
LINDE PLC	COMMON STOCK	G54950103	120,673	275	SH		OTR	2	0	275	0
LYONDELLBASELL INDUSTRIES NV	COMMON STOCK	N53745100	9,853	103	SH		OTR	2	0	103	0
MEDTRONIC PLC	COMMON STOCK	G5960L103	23,613	300	SH		OTR	2	0	300	0
SCHLUMBERGER LTD	COMMON STOCK	806857108	10,144	215	SH		OTR	2	0	215	0
TORONTO DOMINION BANK	COMMON STOCK	891160509	114,537	2,084	SH		OTR	2	0	2,084	0
COMM. SERV. SELECT SECTOR SPDR	OTHER	81369Y852	560,645	6,545	SH		OTR	2	0	6,545	0
CONS DISC SELECT SECTOR SPDR F	OTHER	81369Y407	604,291	3,313	SH		OTR	2	0	3,313	0
CONS STAPLES SELECT SECT SPDR	OTHER	81369Y308	416,825	5,443	SH		OTR	2	0	5,443	0
ENERGY SELECT SECTOR SPDR FUND	OTHER	81369Y506	228,787	2,510	SH		OTR	2	0	2,510	0
FINANCIAL SELECT SECTOR SPDR F	OTHER	81369Y605	810,566	19,717	SH		OTR	2	0	19,717	0
HEALTH CARE SELECT SECTOR SPDR	OTHER	81369Y209	758,920	5,207	SH		OTR	2	0	5,207	0
INDUSTRIAL SELECT SECTOR SPDR	OTHER	81369Y704	494,548	4,058	SH		OTR	2	0	4,058	0
INVESCO QQQ TRUST SERIES 1	OTHER	46090E103	226,619	473	SH		OTR	2	0	473	0
ISHARES CORE MSCI DEV MKTS ETF	OTHER	46435G326	769,892	11,729	SH		OTR	2	0	11,729	0
ISHARES CORE S&P MID-CAP ETF	OTHER	464287507	352,934	6,031	SH		OTR	2	0	6,031	0
ISHARES CORE S&P SMALL-CAP ETF	OTHER	464287804	1,148,515	10,768	SH		OTR	2	0	10,768	0
MATERIALS SELECT SECTOR SPDR F	OTHER	81369Y100	263,870	2,988	SH		OTR	2	0	2,988	0
SPDR PORTFOLIO S&P 500 VALUE E	OTHER	78464A508	91,485	1,877	SH		OTR	2	0	1,877	0
SPDR S&P BIOTECH ETF	OTHER	78464A870	8,066	87	SH		OTR	2	0	87	0
SPDR S&P TELECOM ETF	OTHER	78464A540	5,401	70	SH		OTR	2	0	70	0
TECHNOLOGY SELECT SECTOR SPDR	OTHER	81369Y803	1,901,011	8,403	SH		OTR	2	0	8,403	0
UTILITIES SELECT SECTOR SPDR F	OTHER	81369Y886	144,798	2,125	SH		OTR	2	0	2,125	0
VANGUARD MID-CAP ETF	OTHER	922908629	3,066,923	12,668	SH		OTR	2	0	12,668	0
VANGUARD REAL ESTATE ETF	OTHER	922908553	128,990	1,540	SH		OTR	2	0	1,540	0
VANGUARD S&P 500 ETF	OTHER	922908363	1,009,262	2,018	SH		OTR	2	0	2,018	0
VANGUARD SMALL-CAP ETF	OTHER	922908751	1,189,190	5,454	SH		OTR	2	0	5,454	0
ISHARES BARCLAYS 1-3 YEAR TR E	OTHER	464287457	122,475	1,500	SH		OTR	2	0	1,500	0
ISHARES IBONDS DEC 2024 TERM C	OTHER	46434VBG4	301,937	12,015	SH		OTR	2	0	12,015	0
ISHARES IBONDS DEC 2025 TERM C	OTHER	46434VBD1	259,290	10,430	SH		OTR	2	0	10,430	0
ISHARES IBONDS DEC 2026 TERM C	OTHER	46435GAA0	260,472	10,935	SH		OTR	2	0	10,935	0
ISHARES IBONDS DEC 2027 TERM C	OTHER	46435UAA9	310,649	13,091	SH		OTR	2	0	13,091	0
ISHARES IBONDS DEC 2028 TERM C	OTHER	46435U515	260,011	10,497	SH		OTR	2	0	10,497	0
ISHARES IBONDS DEC 2029 TERM C	OTHER	46436E205	365,962	16,143	SH		OTR	2	0	16,143	0
ISHARES IBONDS DEC 2030 TERM C	OTHER	46436E726	367,075	17,266	SH		OTR	2	0	17,266	0
ISHARES IBONDS DEC 2031 TERM C	OTHER	46436E486	419,293	20,665	SH		OTR	2	0	20,665	0
ISHARES IBONDS DEC 2032 TC ETF	OTHER	46436E312	418,429	17,037	SH		OTR	2	0	17,037	0
ISHARES IBONDS DEC 2033 CORP	OTHER	46436E130	276,368	10,967	SH		OTR	2	0	10,967	0
ISHARES IBONDS 2024 H/Y INC	OTHER	46435U184	509,932	21,942	SH		OTR	2	0	21,942	0
ISHARES IBONDS 2025 H/Y INC ET	OTHER	46435U168	460,310	19,777	SH		OTR	2	0	19,777	0
ISHARES 1-5Y INV GRADE CORP ET	OTHER	464288646	76,860	1,500	SH		OTR	2	0	1,500	0
ISHARES 10-20 YEAR TREASURY BO	OTHER	464288653	520,176	5,065	SH		OTR	2	0	5,065	0
PIMCO ENHANCED SHORT MATURITY	OTHER	72201R833	179,358	1,782	SH		OTR	2	0	1,782	0
VANGUARD SHORT TERM CORP BOND	OTHER	92206C409	477,714	6,182	SH		OTR	2	0	6,182	0
ABBOTT LABS	COMMON STOCK	002824100	83,336	802	SH		SOLE		802	0	0
ABBVIE INC	COMMON STOCK	00287Y109	10,977	64	SH		SOLE		64	0	0
ADOBE INC	COMMON STOCK	00724F101	122,219	220	SH		SOLE		220	0	0
ALPHABET INC CL A	COMMON STOCK	02079K305	232,970	1,279	SH		SOLE		1,279	0	0
ALPHABET INC CL C	COMMON STOCK	02079K107	143,068	780	SH		SOLE		780	0	0
ALTRIA GROUP INC	COMMON STOCK	02209S103	18,220	400	SH		SOLE		400	0	0
AMAZON.COM INC	COMMON STOCK	023135106	347,657	1,799	SH		SOLE		1,799	0	0
AMERICAN EXPRESS CO	COMMON STOCK	025816109	36,585	158	SH		SOLE		158	0	0
AMERICAN WATER WORKS CO INC	COMMON STOCK	030420103	31,515	244	SH		SOLE		244	0	0
AMGEN INC	COMMON STOCK	031162100	84,674	271	SH		SOLE		271	0	0
AMPHENOL CORP CL A	COMMON STOCK	032095101	154,547	2,294	SH		SOLE		2,294	0	0
ANALOG DEVICES INC	COMMON STOCK	032654105	36,065	158	SH		SOLE		158	0	0
APA CORP	COMMON STOCK	03743Q108	3,680	125	SH		SOLE		125	0	0
APPLE INC	COMMON STOCK	037833100	1,491,611	7,082	SH		SOLE		7,082	0	0
ARCHROCK INC	COMMON STOCK	03957W106	10,110	500	SH		SOLE		500	0	0
AT&T INC	COMMON STOCK	00206R102	43,284	2,265	SH		SOLE		2,265	0	0
AUTODESK INC	COMMON STOCK	052769106	22,271	90	SH		SOLE		90	0	0
AUTOMATIC DATA PROCESSING INC	COMMON STOCK	053015103	16,708	70	SH		SOLE		70	0	0
BANK OF AMERICA CORP	COMMON STOCK	060505104	107,101	2,693	SH		SOLE		2,693	0	0
BERKSHIRE HATHAWAY INC-CL B	COMMON STOCK	084670702	150,109	369	SH		SOLE		369	0	0
BLACKROCK INC CL A	COMMON STOCK	09247X101	109,437	139	SH		SOLE		139	0	0
BOOKING HOLDINGS INC	COMMON STOCK	09857L108	7,923	2	SH		SOLE		2	0	0
BRISTOL MYERS SQUIBB CO	COMMON STOCK	110122108	51,373	1,237	SH		SOLE		1,237	0	0
CATERPILLAR INC	COMMON STOCK	149123101	85,607	257	SH		SOLE		257	0	0
CHEVRON CORPORATION	COMMON STOCK	166764100	51,462	329	SH		SOLE		329	0	0
CISCO SYSTEMS INC	COMMON STOCK	17275R102	94,450	1,988	SH		SOLE		1,988	0	0
COCA COLA CO	COMMON STOCK	191216100	129,337	2,032	SH		SOLE		2,032	0	0
COLGATE PALMOLIVE CO	COMMON STOCK	194162103	23,387	241	SH		SOLE		241	0	0
CONOCOPHILLIPS	COMMON STOCK	20825C104	63,481	555	SH		SOLE		555	0	0
CONSTELLATION BRANDS INC	COMMON STOCK	21036P108	24,442	95	SH		SOLE		95	0	0
COSTCO WHOLESALE CORP	COMMON STOCK	22160K105	167,448	197	SH		SOLE		197	0	0
CUMMINS INC	COMMON STOCK	231021106	53,447	193	SH		SOLE		193	0	0
CVS HEALTH CORP	COMMON STOCK	126650100	63,490	1,075	SH		SOLE		1,075	0	0
DANAHER CORP	COMMON STOCK	235851102	88,947	356	SH		SOLE		356	0	0
DEERE & CO	COMMON STOCK	244199105	22,418	60	SH		SOLE		60	0	0
DELL TECHNOLOGIES INC CL C	COMMON STOCK	24703L202	4,551	33	SH		SOLE		33	0	0
DICK'S SPORTING GOODS INC	COMMON STOCK	253393102	16,114	75	SH		SOLE		75	0	0
DISNEY WALT CO NEW	COMMON STOCK	254687106	103,262	1,040	SH		SOLE		1,040	0	0
DOLLAR TREE INC	COMMON STOCK	256746108	6,833	64	SH		SOLE		64	0	0
DOMINION ENERGY INC	COMMON STOCK	25746U109	25,627	523	SH		SOLE		523	0	0
DOW INC	COMMON STOCK	260557103	2,387	45	SH		SOLE		45	0	0
DUPONT DE NEMOURS INC	COMMON STOCK	26614N102	3,622	45	SH		SOLE		45	0	0
EASTMAN CHEMICAL CO	COMMON STOCK	277432100	28,215	288	SH		SOLE		288	0	0
ECOLAB INC	COMMON STOCK	278865100	7,140	30	SH		SOLE		30	0	0
ELEVANCE HEALTH INC	COMMON STOCK	036752103	21,133	39	SH		SOLE		39	0	0
EXXON MOBIL CORP	COMMON STOCK	30231G102	157,484	1,368	SH		SOLE		1,368	0	0
FEDEX CORPORATION	COMMON STOCK	31428X106	26,986	90	SH		SOLE		90	0	0
GE AEROSPACE	COMMON STOCK	369604301	79,485	500	SH		SOLE		500	0	0
GE HEALTHCARE TECHNOLOGIES INC	COMMON STOCK	36266G107	97,088	1,246	SH		SOLE		1,246	0	0
GE VERNOVA LLC	COMMON STOCK	36828A101	21,439	125	SH		SOLE		125	0	0
GENERAL DYNAMICS CORP	COMMON STOCK	369550108	74,276	256	SH		SOLE		256	0	0
GENERAL MLS INC	COMMON STOCK	370334104	18,978	300	SH		SOLE		300	0	0
GOLDMAN SACHS GROUP INC	COMMON STOCK	38141G104	36,186	80	SH		SOLE		80	0	0
HOME DEPOT INC	COMMON STOCK	437076102	199,659	580	SH		SOLE		580	0	0
HONEYWELL INTERNATIONAL INC	COMMON STOCK	438516106	106,343	498	SH		SOLE		498	0	0
ILLINOIS TOOL WKS INC	COMMON STOCK	452308109	21,089	89	SH		SOLE		89	0	0
INGERSOLL-RAND INC	COMMON STOCK	45687V106	69,220	762	SH		SOLE		762	0	0
INTEL CORP	COMMON STOCK	458140100	12,636	408	SH		SOLE		408	0	0
INTERCONTINENTAL EXCHANGE GROU	COMMON STOCK	45866F104	110,333	806	SH		SOLE		806	0	0
INTERNATIONAL FLAVORS & FRAGRA	COMMON STOCK	459506101	3,142	33	SH		SOLE		33	0	0
INTL. BUSINESS MACHINES CORP	COMMON STOCK	459200101	38,914	225	SH		SOLE		225	0	0
JACOBS SOLUTIONS INC	COMMON STOCK	46982L108	4,191	30	SH		SOLE		30	0	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	108,889	745	SH		SOLE		745	0	0
JP MORGAN CHASE & CO	COMMON STOCK	46625H100	206,912	1,023	SH		SOLE		1,023	0	0
KIMBERLY CLARK CORP	COMMON STOCK	494368103	6,910	50	SH		SOLE		50	0	0
KINDER MORGAN INC	COMMON STOCK	49456B101	994	50	SH		SOLE		50	0	0
KRAFT HEINZ CO	COMMON STOCK	500754106	1,611	50	SH		SOLE		50	0	0
LENNAR CORP CL A	COMMON STOCK	526057104	41,064	274	SH		SOLE		274	0	0
LILLY ELI & CO	COMMON STOCK	532457108	141,239	156	SH		SOLE		156	0	0
LOWES COS INC	COMMON STOCK	548661107	20,723	94	SH		SOLE		94	0	0
MARRIOTT INTERNATIONAL INC	COMMON STOCK	571903202	20,067	83	SH		SOLE		83	0	0
MARVELL TECHNOLOGY INC	COMMON STOCK	573874104	64,308	920	SH		SOLE		920	0	0
MASCO CORP	COMMON STOCK	574599106	73,337	1,100	SH		SOLE		1,100	0	0
MASTERCARD INC CL A	COMMON STOCK	57636Q104	71,027	161	SH		SOLE		161	0	0
MCDONALDS CORP	COMMON STOCK	580135101	95,310	374	SH		SOLE		374	0	0
MERCK & CO INC	COMMON STOCK	58933Y105	398,141	3,216	SH		SOLE		3,216	0	0
META PLATFORMS INC CL A	COMMON STOCK	30303M102	194,629	386	SH		SOLE		386	0	0
MICROCHIP TECHNOLOGY INC	COMMON STOCK	595017104	23,607	258	SH		SOLE		258	0	0
MICROSOFT CORP	COMMON STOCK	594918104	623,495	1,395	SH		SOLE		1,395	0	0
MONDELEZ INTERNATIONAL INC	COMMON STOCK	609207105	14,724	225	SH		SOLE		225	0	0
MORGAN STANLEY	COMMON STOCK	617446448	32,947	339	SH		SOLE		339	0	0
NASDAQ INC	COMMON STOCK	631103108	12,052	200	SH		SOLE		200	0	0
NETFLIX INC	COMMON STOCK	64110L106	148,474	220	SH		SOLE		220	0	0
NEXTERA ENERGY INC	COMMON STOCK	65339F101	25,492	360	SH		SOLE		360	0	0
NIKE INC-CLASS B	COMMON STOCK	654106103	11,306	150	SH		SOLE		150	0	0
NVIDIA CORP	COMMON STOCK	67066G104	508,985	4,120	SH		SOLE		4,120	0	0
ORACLE CORPORATION	COMMON STOCK	68389X105	226,626	1,605	SH		SOLE		1,605	0	0
ORGANON & CO	COMMON STOCK	68622V106	6,665	322	SH		SOLE		322	0	0
PALO ALTO NETWORKS INC	COMMON STOCK	697435105	62,378	184	SH		SOLE		184	0	0
PAYCHEX INC	COMMON STOCK	704326107	14,820	125	SH		SOLE		125	0	0
PAYPAL HOLDINGS INC	COMMON STOCK	70450Y103	16,248	280	SH		SOLE		280	0	0
PEPSICO INC	COMMON STOCK	713448108	30,677	186	SH		SOLE		186	0	0
PFIZER INC	COMMON STOCK	717081103	25,322	905	SH		SOLE		905	0	0
PROCTER & GAMBLE CO	COMMON STOCK	742718109	120,062	728	SH		SOLE		728	0	0
PRUDENTIAL FINL INC	COMMON STOCK	744320102	8,789	75	SH		SOLE		75	0	0
QUALCOMM INC	COMMON STOCK	747525103	5,975	30	SH		SOLE		30	0	0
QUANTA SERVICES INC	COMMON STOCK	74762E102	22,614	89	SH		SOLE		89	0	0
RTX CORPORATION	COMMON STOCK	75513E101	24,094	240	SH		SOLE		240	0	0
SALESFORCE INC	COMMON STOCK	79466L302	158,374	616	SH		SOLE		616	0	0
SNOWFLAKE INC CL A	COMMON STOCK	833445109	34,988	259	SH		SOLE		259	0	0
SOUTHWEST AIRLINES CO	COMMON STOCK	844741108	2,861	100	SH		SOLE		100	0	0
SOUTHWESTERN ENERGY CO	COMMON STOCK	845467109	6,730	1,000	SH		SOLE		1,000	0	0
STARBUCKS CORP	COMMON STOCK	855244109	29,038	373	SH		SOLE		373	0	0
STRYKER CORPORATION	COMMON STOCK	863667101	140,183	412	SH		SOLE		412	0	0
SYSCO CORP	COMMON STOCK	871829107	28,199	395	SH		SOLE		395	0	0
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	20,064	174	SH		SOLE		174	0	0
T-MOBILE US INC	COMMON STOCK	872590104	56,906	323	SH		SOLE		323	0	0
TERADYNE INC	COMMON STOCK	880770102	69,993	472	SH		SOLE		472	0	0
TESLA INC	COMMON STOCK	88160R101	27,901	141	SH		SOLE		141	0	0
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	9,727	50	SH		SOLE		50	0	0
THE HERSHEY COMPANY	COMMON STOCK	427866108	209,382	1,139	SH		SOLE		1,139	0	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	106,176	192	SH		SOLE		192	0	0
TJX COS INC	COMMON STOCK	872540109	112,192	1,019	SH		SOLE		1,019	0	0
TRAVELERS COMPANIES INC	COMMON STOCK	89417E109	67,509	332	SH		SOLE		332	0	0
UNION PAC CORP	COMMON STOCK	907818108	93,445	413	SH		SOLE		413	0	0
UNITED PARCEL SERVICE CL B	COMMON STOCK	911312106	4,927	36	SH		SOLE		36	0	0
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	96,250	189	SH		SOLE		189	0	0
US BANCORP NEW	COMMON STOCK	902973304	1,985	50	SH		SOLE		50	0	0
VERIZON COMMUNICATIONS	COMMON STOCK	92343V104	235,274	5,705	SH		SOLE		5,705	0	0
VERTEX PHARMACEUTICALS INC	COMMON STOCK	92532F100	54,372	116	SH		SOLE		116	0	0
VISA INC CL A	COMMON STOCK	92826C839	191,078	728	SH		SOLE		728	0	0
WALMART INC	COMMON STOCK	931142103	83,960	1,240	SH		SOLE		1,240	0	0
WELLS FARGO & CO	COMMON STOCK	949746101	16,213	273	SH		SOLE		273	0	0
WILLIAMS COS INC	COMMON STOCK	969457100	109,098	2,567	SH		SOLE		2,567	0	0
YUM! BRANDS INC	COMMON STOCK	988498101	56,958	430	SH		SOLE		430	0	0
NATIONAL GRID PLC SPONS ADR	COMMON STOCK	636274409	183,634	3,233	SH		SOLE		3,233	0	0
NOVARTIS AG SPONS ADR	COMMON STOCK	66987V109	15,117	142	SH		SOLE		142	0	0
SANOFI SPONS ADR	COMMON STOCK	80105N105	35,080	723	SH		SOLE		723	0	0
VODAFONE GROUP SPONS ADR	COMMON STOCK	92857W308	160	18	SH		SOLE		18	0	0
ARROW FINANCIAL CORPORATION	COMMON STOCK	042744102	1,039,082	39,888	SH		SOLE		39,888	0	0
ACCENTURE PLC CL A	COMMON STOCK	G1151C101	16,688	55	SH		SOLE		55	0	0
LYONDELLBASELL INDUSTRIES NV	COMMON STOCK	N53745100	32,907	344	SH		SOLE		344	0	0
SCHLUMBERGER LTD	COMMON STOCK	806857108	14,626	310	SH		SOLE		310	0	0
COMM. SERV. SELECT SECTOR SPDR	OTHER	81369Y852	59,962	700	SH		SOLE		700	0	0
CONS DISC SELECT SECTOR SPDR F	OTHER	81369Y407	91,200	500	SH		SOLE		500	0	0
CONS STAPLES SELECT SECT SPDR	OTHER	81369Y308	35,993	470	SH		SOLE		470	0	0
ENERGY SELECT SECTOR SPDR FUND	OTHER	81369Y506	31,356	344	SH		SOLE		344	0	0
HEALTH CARE SELECT SECTOR SPDR	OTHER	81369Y209	116,600	800	SH		SOLE		800	0	0
INDUSTRIAL SELECT SECTOR SPDR	OTHER	81369Y704	80,434	660	SH		SOLE		660	0	0
INVESCO QQQ TRUST SERIES 1	OTHER	46090E103	4,784,392	9,986	SH		SOLE		9,986	0	0
ISHARES CORE MSCI DEV MKTS ETF	OTHER	46435G326	1,804,050	27,484	SH		SOLE		27,484	0	0
ISHARES CORE S&P MID-CAP ETF	OTHER	464287507	3,965,315	67,760	SH		SOLE		67,760	0	0
ISHARES CORE S&P SMALL-CAP ETF	OTHER	464287804	3,495,142	32,769	SH		SOLE		32,769	0	0
ISHARES CORE S&P 500 ETF	OTHER	464287200	6,567	12	SH		SOLE		12	0	0
ISHARES RUSSELL MIDCAP ETF	OTHER	464287499	148,457	1,831	SH		SOLE		1,831	0	0
ISHARES RUSSELL 2000 ETF	OTHER	464287655	69,591	343	SH		SOLE		343	0	0
ISHARES SILVER TRUST	OTHER	46428Q109	16,075	605	SH		SOLE		605	0	0
MATERIALS SELECT SECTOR SPDR F	OTHER	81369Y100	75,593	856	SH		SOLE		856	0	0
NUVEEN ESG SMALL-CAP ETF	OTHER	67092P607	61,174	1,555	SH		SOLE		1,555	0	0
SPDR GOLD TRUST	OTHER	78463V107	107,075	498	SH		SOLE		498	0	0
SPDR PORTFOLIO S&P 500 VALUE E	OTHER	78464A508	3,469,070	71,175	SH		SOLE		71,175	0	0
SPDR S&P BIOTECH ETF	OTHER	78464A870	3,708	40	SH		SOLE		40	0	0
SPDR S&P 500 ETF TRUST	OTHER	78462F103	204,083	375	SH		SOLE		375	0	0
TECHNOLOGY SELECT SECTOR SPDR	OTHER	81369Y803	226,230	1,000	SH		SOLE		1,000	0	0
UTILITIES SELECT SECTOR SPDR F	OTHER	81369Y886	59,009	866	SH		SOLE		866	0	0
VANECK GOLD MINERS ETF	OTHER	92189F106	15,269	450	SH		SOLE		450	0	0
VANGUARD ENERGY ETF	OTHER	92204A306	19,136	150	SH		SOLE		150	0	0
VANGUARD MID-CAP ETF	OTHER	922908629	955,569	3,947	SH		SOLE		3,947	0	0
VANGUARD S&P 500 ETF	OTHER	922908363	9,216,396	18,428	SH		SOLE		18,428	0	0
VANGUARD SMALL-CAP ETF	OTHER	922908751	477,726	2,191	SH		SOLE		2,191	0	0
ISHARES BARCLAYS 1-3 YEAR TR E	OTHER	464287457	19,759	242	SH		SOLE		242	0	0
ISHARES CORE U.S. AGGREGATE	OTHER	464287226	26,694	275	SH		SOLE		275	0	0
ISHARES IBONDS DEC 2024 TERM C	OTHER	46434VBG4	1,062,647	42,286	SH		SOLE		42,286	0	0
ISHARES IBONDS DEC 2025 TERM C	OTHER	46434VBD1	1,108,706	44,598	SH		SOLE		44,598	0	0
ISHARES IBONDS DEC 2026 TERM C	OTHER	46435GAA0	1,138,286	47,787	SH		SOLE		47,787	0	0
ISHARES IBONDS DEC 2027 TERM C	OTHER	46435UAA9	1,162,841	49,003	SH		SOLE		49,003	0	0
ISHARES IBONDS DEC 2028 TERM C	OTHER	46435U515	1,195,549	48,266	SH		SOLE		48,266	0	0
ISHARES IBONDS DEC 2029 TERM C	OTHER	46436E205	1,148,893	50,679	SH		SOLE		50,679	0	0
ISHARES IBONDS DEC 2030 TERM C	OTHER	46436E726	1,147,402	53,970	SH		SOLE		53,970	0	0
ISHARES IBONDS DEC 2031 TERM C	OTHER	46436E486	1,121,104	55,254	SH		SOLE		55,254	0	0
ISHARES IBONDS DEC 2032 TC ETF	OTHER	46436E312	1,259,167	51,269	SH		SOLE		51,269	0	0
ISHARES IBONDS DEC 2033 CORP	OTHER	46436E130	1,207,433	47,914	SH		SOLE		47,914	0	0
ISHARES IBONDS 2024 H/Y INC	OTHER	46435U184	294,799	12,685	SH		SOLE		12,685	0	0
ISHARES IBONDS 2025 H/Y INC ET	OTHER	46435U168	2,506,089	107,673	SH		SOLE		107,673	0	0
ISHARES 1-5Y INV GRADE CORP ET	OTHER	464288646	28,694	560	SH		SOLE		560	0	0
ISHARES 10-20 YEAR TREASURY BO	OTHER	464288653	1,886,702	18,371	SH		SOLE		18,371	0	0
ISHARES 20 PLUS YEAR TREASURY BOND	OTHER	464287432	30,104	328	SH		SOLE		328	0	0
PIMCO ENHANCED SHORT MATURITY	OTHER	72201R833	848,983	8,435	SH		SOLE		8,435	0	0
VANGUARD SHORT TERM CORP BOND	OTHER	92206C409	382,125	4,945	SH		SOLE		4,945	0	0
VANGUARD TOTAL BOND MARKET ETF	OTHER	921937835	24,857	345	SH		SOLE		345	0	0
ABBOTT LABS	COMMON STOCK	002824100	1,350,830	13,000	SH		DFND	3	13,000	0	0
ADOBE INC	COMMON STOCK	00724F101	2,444,376	4,400	SH		DFND	3	4,400	0	0
AIR PRODUCTS & CHEMICALS INC	COMMON STOCK	009158106	696,735	2,700	SH		DFND	3	2,700	0	0
ALPHABET INC CL A	COMMON STOCK	02079K305	5,792,370	31,800	SH		DFND	3	31,800	0	0
AMAZON.COM INC	COMMON STOCK	023135106	5,411,000	28,000	SH		DFND	3	28,000	0	0
AMGEN INC	COMMON STOCK	031162100	1,468,515	4,700	SH		DFND	3	4,700	0	0
AMPHENOL CORP CL A	COMMON STOCK	032095101	1,751,620	26,000	SH		DFND	3	26,000	0	0
APPLE INC	COMMON STOCK	037833100	8,846,040	42,000	SH		DFND	3	42,000	0	0
BANK OF AMERICA CORP	COMMON STOCK	060505104	2,207,235	55,500	SH		DFND	3	55,500	0	0
BERKSHIRE HATHAWAY INC-CL B	COMMON STOCK	084670702	2,074,680	5,100	SH		DFND	3	5,100	0	0
BLACKROCK INC CL A	COMMON STOCK	09247X101	2,283,228	2,900	SH		DFND	3	2,900	0	0
CAPITAL ONE FINANCIAL CORP	COMMON STOCK	14040H105	941,460	6,800	SH		DFND	3	6,800	0	0
CATERPILLAR INC	COMMON STOCK	149123101	2,098,530	6,300	SH		DFND	3	6,300	0	0
CHEVRON CORPORATION	COMMON STOCK	166764100	1,032,372	6,600	SH		DFND	3	6,600	0	0
COSTCO WHOLESALE CORP	COMMON STOCK	22160K105	1,189,986	1,400	SH		DFND	3	1,400	0	0
DANAHER CORP	COMMON STOCK	235851102	1,249,250	5,000	SH		DFND	3	5,000	0	0
DISNEY WALT CO NEW	COMMON STOCK	254687106	625,527	6,300	SH		DFND	3	6,300	0	0
DOMINION ENERGY INC	COMMON STOCK	25746U109	392,000	8,000	SH		DFND	3	8,000	0	0
ECOLAB INC	COMMON STOCK	278865100	357,000	1,500	SH		DFND	3	1,500	0	0
EXXON MOBIL CORP	COMMON STOCK	30231G102	943,984	8,200	SH		DFND	3	8,200	0	0
GOLDMAN SACHS GROUP INC	COMMON STOCK	38141G104	1,176,032	2,600	SH		DFND	3	2,600	0	0
HOME DEPOT INC	COMMON STOCK	437076102	2,685,072	7,800	SH		DFND	3	7,800	0	0
HONEYWELL INTERNATIONAL INC	COMMON STOCK	438516106	1,921,860	9,000	SH		DFND	3	9,000	0	0
INGERSOLL-RAND INC	COMMON STOCK	45687V106	1,299,012	14,300	SH		DFND	3	14,300	0	0
INTERCONTINENTAL EXCHANGE GROU	COMMON STOCK	45866F104	2,012,283	14,700	SH		DFND	3	14,700	0	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	1,388,520	9,500	SH		DFND	3	9,500	0	0
JP MORGAN CHASE & CO	COMMON STOCK	46625H100	2,528,250	12,500	SH		DFND	3	12,500	0	0
LENNAR CORP CL A	COMMON STOCK	526057104	494,571	3,300	SH		DFND	3	3,300	0	0
LILLY ELI & CO	COMMON STOCK	532457108	3,078,292	3,400	SH		DFND	3	3,400	0	0
MARVELL TECHNOLOGY INC	COMMON STOCK	573874104	1,398,000	20,000	SH		DFND	3	20,000	0	0
MASCO CORP	COMMON STOCK	574599106	2,000,100	30,000	SH		DFND	3	30,000	0	0
MCDONALDS CORP	COMMON STOCK	580135101	662,584	2,600	SH		DFND	3	2,600	0	0
META PLATFORMS INC CL A	COMMON STOCK	30303M102	2,773,210	5,500	SH		DFND	3	5,500	0	0
MICROSOFT CORP	COMMON STOCK	594918104	9,609,425	21,500	SH		DFND	3	21,500	0	0
MORGAN STANLEY	COMMON STOCK	617446448	1,098,247	11,300	SH		DFND	3	11,300	0	0
NETFLIX INC	COMMON STOCK	64110L106	1,147,296	1,700	SH		DFND	3	1,700	0	0
NEXTERA ENERGY INC	COMMON STOCK	65339F101	389,455	5,500	SH		DFND	3	5,500	0	0
NVIDIA CORP	COMMON STOCK	67066G104	9,759,660	79,000	SH		DFND	3	79,000	0	0
ORACLE CORPORATION	COMMON STOCK	68389X105	1,553,200	11,000	SH		DFND	3	11,000	0	0
PALO ALTO NETWORKS INC	COMMON STOCK	697435105	542,416	1,600	SH		DFND	3	1,600	0	0
PEPSICO INC	COMMON STOCK	713448108	1,599,821	9,700	SH		DFND	3	9,700	0	0
PROCTER & GAMBLE CO	COMMON STOCK	742718109	1,999,655	12,125	SH		DFND	3	12,125	0	0
SALESFORCE INC	COMMON STOCK	79466L302	2,545,290	9,900	SH		DFND	3	9,900	0	0
SHERWIN WILLIAMS CO	COMMON STOCK	824348106	641,625	2,150	SH		DFND	3	2,150	0	0
SNOWFLAKE INC CL A	COMMON STOCK	833445109	337,725	2,500	SH		DFND	3	2,500	0	0
SOUTHERN COMPANY	COMMON STOCK	842587107	709,766	9,150	SH		DFND	3	9,150	0	0
STRYKER CORPORATION	COMMON STOCK	863667101	1,463,075	4,300	SH		DFND	3	4,300	0	0
SYSCO CORP	COMMON STOCK	871829107	535,425	7,500	SH		DFND	3	7,500	0	0
TERADYNE INC	COMMON STOCK	880770102	741,450	5,000	SH		DFND	3	5,000	0	0
TESLA INC	COMMON STOCK	88160R101	831,096	4,200	SH		DFND	3	4,200	0	0
THE HERSHEY COMPANY	COMMON STOCK	427866108	477,958	2,600	SH		DFND	3	2,600	0	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	2,267,300	4,100	SH		DFND	3	4,100	0	0
TJX COS INC	COMMON STOCK	872540109	1,365,240	12,400	SH		DFND	3	12,400	0	0
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	1,629,632	3,200	SH		DFND	3	3,200	0	0
VERTEX PHARMACEUTICALS INC	COMMON STOCK	92532F100	1,265,544	2,700	SH		DFND	3	2,700	0	0
VISA INC CL A	COMMON STOCK	92826C839	1,496,079	5,700	SH		DFND	3	5,700	0	0
VULCAN MATERIALS CO	COMMON STOCK	929160109	273,548	1,100	SH		DFND	3	1,100	0	0
WALMART INC	COMMON STOCK	931142103	1,909,422	28,200	SH		DFND	3	28,200	0	0
WASTE MANAGEMENT INC	COMMON STOCK	94106L109	1,706,720	8,000	SH		DFND	3	8,000	0	0
WILLIAMS COS INC	COMMON STOCK	969457100	1,462,000	34,400	SH		DFND	3	34,400	0	0
AMERICAN TOWER CORP REIT	COMMON STOCK	03027X100	456,793	2,350	SH		DFND	3	2,350	0	0
DIGITAL REALTY TRUST INC REIT	COMMON STOCK	253868103	1,672,550	11,000	SH		DFND	3	11,000	0	0
PUBLIC STORAGE INC REIT	COMMON STOCK	74460D109	546,535	1,900	SH		DFND	3	1,900	0	0
LYONDELLBASELL INDUSTRIES NV	COMMON STOCK	N53745100	191,320	2,000	SH		DFND	3	2,000	0	0