# TRUSTMONT FINANCIAL GROUP, INC. X-17A-5 (2026-02-27) — Broker-dealer annual report - Company: TRUSTMONT FINANCIAL GROUP, INC. - Form: X-17A-5 - Filed: 2026-02-27 - Period: 2025-12-31 - Accession: 0000798144-26-000003 - CIK: 798144 - File #: 8-36439 - Type: Broker-dealer - Material weakness: No - Auditor: Cropper Accountancy - Auditor location: Walnut Creek, CA - Contact: Anthony C. Hladek - Phone: 7244685665 - Website: trustmontgroup.com - Signed by: Anthony C. Hladek (President) Original filing: https://www.sec.gov/Archives/edgar/data/798144/000079814426000003/focusreport2025.pdf --- {0}------------------------------------------------ | | OMB APPROVAL
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Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | FILING FOR THE PERIOD BEGINNING 01/01/2025 | MM/DD/YY | AND ENDING 12/31/2025
MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | NAME OF FIRM: TRUSTMONT FINANCIAL GROUP, INC | | | Check here if respondent is also an OTC derivatives dealer
200 BRUSH RUN ROAD | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | (No. and Street) | | | GREENSBURG | PA | 15601 | | (City) | · (State) | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | ANTHONY C. HLADEK 724-468-5665 | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | B. ACCOUNTANT IDENTIFICATION | | | CROPPER ACCOUNTANCY | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing * | | | | (Name - If individual, state last, first, and middle name)
2700 YGNACIO VALLEY RD STE 270 WALNUT CREEK CA | 94598 | | (Address) | (City) | (State)
(Zip Code) | | 03/04/2009 | 3381 | | | | | | | (Date of Registration with PCAOB)(If applicable) | FOR OFFICIAL USE ONLY | (PCAOB Registration Number, If applicable) | Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION ANTHONY C. HLADEK swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of TRUSTMONT FINANCIAL GROUP, INC as of 12/31 2 025 is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Commonwealth of Pennsylvania - Notary Seel Amanda Ickes, Notary Public Westmoreland County My commission expires June 30, 2027 Commission number, 1435362 PAT A 90 mania Association Cof Notaries Signature Title PRESIDENT Notary Public This filing \*\* contains (check all applicable boxes): - (a) Statement of financial condition. - [ (b) Notes to consolidated statement of financial condition. - (c) Statement of income (loss) or, if there is other comprehensive in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - (d) Statement of cash flows. - (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - (g) Notes to consolidated financial statements. - (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [i] Computation of tangible net worth under 17 CFR 240.18a-2. - [] Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - [ (k) Computation for determination of security-based swap reserve reguirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - [ (h) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - (o) Reconciliations, Including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.18-3, or 17 CFR 240.18-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material différences exist. - [p] Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - [r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (t) Independent public accountant's report based on an examination of the statement of financial condition. - (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - [ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [ {w} Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [ [x] Supplemental reports on applying agreed upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - [ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - (z) Other: - \*\* To request confidential treatment of this fling, see 17 CFR 240.170-5(e)(3) or 17 CFR 240.180-7(d)(2), as applicable. {2}------------------------------------------------ ![](_page_2_Picture_0.jpeg) 2700 Ygnacio Valley Road, Ste 270 Walnut Creek, CA 94598 (925) 932-3860 tel (925) 476-9930 efax www.cropperaccountancy.com ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholders of Trustmont Financial Group, Inc. ## Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Trustmont Financial Group, Inc. as of December 31, 2025, the related statements of operations, changes in stockholders' equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material postion of Trustmont Financial Group, Inc. as of December 31, 2025, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. ## Basis for Opinion These financial statements are the responsibility of Trustmont Financial Group, Inc.'s management. Our responsibility is to express an opinion on Financial Group, Inc.'s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Trustmont Financial Group, Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. ### Auditor's Report on Supplemental Information The supplemental information contained in Schedule 1 - Computation of Net Capital and Aggregate Indebtedness and Schedule II Computation For Determination of Reserve Requirements and Information Relating to Possession or Control Requirements Pursuant to Securities and Exchange Commission Rule 15c3-3 has been subjected to audit procedures performed in conjunction with the audit of Trustmont Financial statements. The supplemental information is the responsibility of Trustmont Financial Group, Inc.'s management. Our audit procedures included determining whether the supplemental information to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. CROPPER ACCOUNTANCY CORPORATION Walnut Creek, California We have served as Trustmont Financial Group, Inc. 's auditor since 2024. February 26, 2026 {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) 2700 Ygnacio valley Road, Ste 270 Wa,nul Cree~, CA 94598 (ll?Sl 932..3860 let (925) 476-9930 efaX www.cropperaccountancycom ## February 26, 2026 To the Stockholders and Management of Trustmont Financial Group, Inc. In connection with our audit of the financial statements and supplemental information of Trustmont Financial Group, Inc. for the year ended December 31, 2025, we wiU issue our report thereon dated February 26, 2026. Professional standards require that we provide you with the fo1lowing information related to our audit. ## Significant and Critical Accounting Policies and Practices Management is responsible for the selection and use of appropriate accounting policies. In accordance with the terms of our engagement letter, we wil1 adyjse management about the appropriateness of accounting policies and their application. The Company's signjficant accounting policies are disclosed in the notes to the financial statements as required by generally accepted accounting principles pursuant to Rule l 7a-5 under the Securities and Exchange Act of 1934. We noted no transactions entered into by the Company during the year for which accounting policies are controversial or for which there is a lack of authoritative guidance or consensus or diversity in practice. • Critical accounting policies and practices are those that are both (1) most important to the portrayal of the Company's financial condition and results and (2) require managements most difficult, subjective, or complex judgments, often as a result of the need to make estimates about the effects of matters that are inherently uncertain. The critical acco-unting policies used by Trustmont Financial Group, Jnc, in its 2025 financial statements are described in Note **1** to the financial statements. ## Critical Accounting\_ Estimates Accounting estimates are an integral *part* of the financial statements prepared by management and are based on management's knowledge and experience. about past and current events and assumptions about future events, Critical accounting estimates are estimates for which (1) the nature of the estimate *is* material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (2) the impact of the estimate on financial condition or operating performance is material. No critical accounting estimates were note.cl during the audit. ## Significant Unusual Transactions For purposes of this letter, professional standards define *significant unusual transactions* as transactions that are outside the normal course of business for the Company or that otherwise appear to be unusual due to their timing, size or nature. We noted that the Company's related partiesi which share office space with the Company, share monthly revenues with the Company. These revenues are not supported with any official documentation other than the checks written and the verbal representation by the majority shareholder of the Company. ## Quality of the Company's Ffoancial Reporting Management is responsible not only for the appropriateness of the accounting policies and practices, but also for the quality of such policies and practices. Our responsibility under professional standards is to evaluate the qualitative aspects of the company's acco1,.mting practices, including potential bias in {4}------------------------------------------------ management's judgments about the amow1ts and disclosures in the financial statements, and to communicate the results of our evaluation and our conclusions to you. Our consideration of the quality of the Company's financial reporting was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in rhe Company's financial reporting that might be material weaknesses or significant deficiencies and therefore material weaknesses or significant deficiencies may exist that were not identified. • A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the nonnal course of perfonning their assigned functions, to prevent, or detect and correct, misstatements on a. timely basis. *A* material weakness is a deficiency, or a combination of defiuiencies in internal control, such lhat there is a reasonable possibility that a materia] misstatement of the entity's financial statements wiU not be prevented or detected and corrected, on a timely basis. We identified two control deficiencies, as described below, that we did not believe rose to the Jevel of a significant deficiency or a material weakness. Howevet·, fa future fiscal years, there is potential for them to rise to the level of a significant deficiency. ## **Commission Statements from Norvus Wealth** Third-party supporting documentation related to Norvus Wea1th trails revenues lacked necessary infonnation for us to perform testing. The third-party commission statements for the Norvus Wealth trails revenues did not include the assets under management balance nor the details nor the rate used to calculate the fee. As such1 we were unable to recalculate the 12b **1** trails revenue fee for our audit testing. If it is possible, request that Norvus Wealth provide commission statements that include the assets under management balance and the rate used to calculate the revenue fees. ## **Tracking of Transmittal of Customer Funds** The current log of receipts and transmittals lacks the specific timestamps necessary to verify compliance with the "noon of the next business day" requirement. Without recorded times for each entry, we are unable to provide assurance that customer funds were transmitted within the mandated regulatory window. We recommend adding a *"Time* of Transmittal" column to the log to ensure precise tracking and facilitate future audit verification. ### Uncorrected and Corrected Misstatements Professional standards require us to accumulate misstatements identified during the audit, other than those that are clearly trivial, and to communicate accumulated misstatements to management. The attached schedule summarizes the uncorrected misstatements that we presented to management, other lhao those that are clearly trivial, that; in our judgment, may not have been detected except through our auditing procedures. Management has determined that the effects of the uncorrected misstatements are immaterial, both individua11y and in the aggregate, to the financial statements as a whole. The uncorrected misstatements or the matters underlying them could potentially cause future period financial statements to be rnateriaUy misstated, even though, in our judgment, such uncorrected misstatements are immaterial to the financial statements under audit. A control deficiency was identified related to third-party documentation supporting Norvus Wealth trail revenues, as the information provided was not suffic~ent to perfonn audit testing over revenue valuation, This resulted from inadequate detail provided by third parties. We determined that this matter does not {5}------------------------------------------------ rise to the level of a material weakness or significant deficiency; however . if the related revenues become significant in the future, alternative procedures may need to be considered. ### Audi tors'. RyPort In connection with the audit of the financial statements, we have provided you a draft of our auditors' report and we have discussed *the* cont~nts with you. ### Exceptions to .Exemption Provisions In connection with our review of the Trustmont Financial Group Inc's Exemption Report required by Rule 17a-5(d)(4) of the Securities and Exchange Commission, we did not identify any exceptions to the exemption provisions and Footnote 74 that would cause the Company's assertions (statements) not to be fairly stated, in all material respects. ### Disagreements. with Management For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not.resolved to our satisfaction, concerning ·a financial accounting, reporting, or auditing matter that could be significant to the financial statements or the auditors' report. We are pleased to report that no disagreements with management arose during the course of our audit. ### Difficulties Encountered in Performing the Audit We encountered no significant difficulties in dealing with management in performing and completing our aud1t. ### Supplemental Information Based on the regulatory requirements of SEC Rule 17a-5, the Company presents the supplementary information listed in the table of contents that accompanies the financial statements. We subj'ected that supplemental information to audit procedures in accordance with *AS 2701, Auditing Supplemental Information Accompanying Audited Financial Statements.* Based on our audit procedures performed, the supplemental information is fairly stated, in all material respects, in relation to the financial statements taken as a whole. • This information is intended solely for the use ofthestockho1ders and management ofTtustmont Financial Group; Inc. and is not intended to be, and should not be, used by anyone other than these specified parties, Very truly yours, ~~~ CROPPER ACCOUNTANCY CORPORATION Walnut Creek, Ca]ifomia {6}------------------------------------------------ ## T11,1stmont Financial Group, Inc. Uncorrected Misstatements December 31 , 2025 | Financial Statement Effect-Amount of Over _(ilnder)Statement of: . ·_, ____ -~~--~ '-··-···-
• • • • • • | | | | | ___ _. | |-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------|--------------|-----------------|----|--------------------------------------| | ; Description (Nature) of Misstatement (MS) ; Cause : Total Assets , Total Liabilities '.

_
.
_ _
| | | Working Capital | ~- | Equity ' Income
. : . _l~ef!?r~ _ | | 'we noted immaterial dtfferences in our recalculations | | | | | | | :for the RBC Stock Commissions. We extrapolated
. these differences herein. | -\$15,529 | | | | \$15,529 | | | | | | | | | iWe noted immaterial differences in our recalculations
jfor the Trail Commissions. We extrapolated these
!dfffeJences herein. | \$16,625 | | | | -\$16,625 | | iWe noted in-material differences in our recalculations | | | | | | | 1
for the Variable Insurance Commissions. We
!ewapolated these drfferences herein. | -\$63,653 | | | | \$63,653 | | I | | | | | | | iBased on auditors calculations of trails receivable at | | | | | | | \year-end the balance was understated, The Company | | | | | | | !uses an estimate based on the average of receipts in
iprior rour quarters. Auditor compared actual receipts | \$32,625" | | | | -\$32,625 | | lin January 2026 to this estimate and noted an
l
understatement. | | | | | | | .,
4
- | | | | | | | (We noted immaterial differences in the payroU amount
:recorded in the general ledger and the amount of
i payroll recorded n the 941 reports. | | -\$1 9,512 | | | \$19,512, | | ;!,Requirements Pursuant to Securities and | | | .Exchange 'Commission Rule 1 Sc3.·3 | 17 | | Exemption Review Report of Independent | | | Registered Public Accounting Firm | 18 | | Statemeht of Exemption from SEC Rule 15c3-~3I~J(2)(ii) | 1.9 | {9}------------------------------------------------ ## Financial Statements {10}------------------------------------------------ ## Statement of Financial Condition ## Oece'mber 31, 2025 #### **Assets** | Cash .and cash equivalents
Accounts receivable
Deposit With clearing organization
Securities owned
Prepaid lnsuranc.e
Piepaid income taxes
Deferred incoine tax assets
P.etty cash
Operating lease ROl,J assets. net of ·accumulated
'operating lease cost of .\$49,409 | \$ | 19,552
o0S,688
25,000
100,768
13,571
2,360
124,000
190
242,193 | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----|----------------------------------------------------------------------------------------| | | \$. | 1,036,322 | | liabilities and Stockholders' Equity | | | | liabillti~s:
Commissions payable
Accounts pay.able.
Accl'l,J_ed expense·s·
Payroll taxes payable
Operating tease"liabllities | \$ | 429,912
54,022
,31
,206
3,281
242,193 | | Total Liabilities | | 760,614 | | Sto·ckholders' Equity:
Common stock (voting), •\$.10 par value; 100,000 shares
authorized, issued, and outstanding
Common stock (non-voting).
·\$.10 par value. 100,000
shares authorized and issued. 66,315 shares outstanding
Additional paid-in capital
Accumulated deficit | | 10,000
10,000
564,181
{"131,627} | | less common stock (non-voting) in treasury • 33,685
shares at cost | \$ | 452,554
176,846
275,708
1.036,322 | The ~ccompanying notes are an integral·part.of these•financial statements. {11}------------------------------------------------ Statement of Operations Year Ended December 31, 2025 | Revenues: | | | |----------------------------------------------|---|-----------| | Commission income | S | 6,577,296 | | Fees charged to representatives | | 407,446 | | Other revenues | | 18,532 | | Rental income | | 36,000 | | Dividend and interest income | | 4.481 | | Unrealized gain on securities owned | | 14,790 | | Realized loss on sale of securities owned | | (15,053) | | | | 7,043,492 | | Operating expenses: | | | | Commissions, exchange fees, and other | | | | clearance expenses | | 5,356,866 | | Employee compensation and benefits expense | | 767,272 | | Technology and communications expense | | 290,161 | | Occupancy and equipment expenses | | 90,678 | | Floor brokerage, exchange and clearance fees | | 101,628 | | Other expenses | | 498,840 | | | | 7,105,445 | | Loss Before Income Taxes | | (61,953) | | Income Taxes | | 18,000 | | Net Loss | S | (43,953) | The accompanying notes are an integral part of these financial statements. {12}------------------------------------------------ Statement of Changes in Stockholders' Equity Year Ended December 31, 2025 | | | Common
Stock
Voling | Common
Stock
Nonvoting | | Additional
Paid-in
Capital | | Accumulated
Deficit | | Treasury
Stock | | Stocknolders'
Equity | | |-----------------------------------------------------------------------------------------------------|----|---------------------------|------------------------------|--------|----------------------------------|--|------------------------|------------------------------------------------|-------------------|--|-------------------------|----------| | Balance at
December 31, 2024 | ga | 10.000 | မာ | 10.000 | | | | \$ 564,181 \$ (87,674) \$ (176,846) \$ 319,661 | | | | | | Current year net
loss | | | | | | | | (43,953) | | | | (43,953) | | Balance at
December 31, 2025 \$ 10,000 \$ 10,000 \$ 564,181 \$ (131,627) \$ (176,846) \$ 275,708 | | | | | | | | | | | | | The accompanying notes are an integral part of these financial statements. Page 4 {13}------------------------------------------------ Statement of Cash Flows Year Ended December '31, 2025 #### **Increase (Decrease) in 'Cash and Cash Equivalents:** | Cash flows from operating acti,vilies:, | | |----------------------------------------------|----------------| | Net loss | \$
(43,953) | | Adjustments to reconcile net loss to net | | | ,cash used by operating ac,tivities: | | | Deferred income taxes | (18,000) | | Reinvested dividends and interest | (4,481) | | Unrealized gain on sectJrfties owne~ | {14,790) | | Realized loss on sare of securities owned | 15,053 | | (Increase) decrease in: | | | Accounts receivable | 3,054 | | Pre'paid insurance | 1,298 | | Prepaid income tax | (751) | | Operating lease ROU assets | 49,409 | | Increase (decrease) In: | | | Commissions payable | (2,051) | | Accounts payable | 23,946 | | Accrued expenses | (42,53~) | | Payroll taxes payable | 496 | | Operating_ lease liabilities | ~49,409l | | Net cash !Jsed by operating activities | (82,710~ | | Net Decrease i.n Cash and Cash Equivalents | (82,710) | | Cash and Cash Equivalents, beginning of year | 102,262 | | Cash and Cash Equivalents, end of year | \$
19,552 | | | | **Supplemental Information~** The Company paid lncotne taxes rn the amount of'\$719 during the year ended December 31, 2025, The accompanying notes are an Integral part of these financial statements. **Page5** {14}------------------------------------------------ Notes to Financial Statements Year Ended December 31, 2025 #### A. Organization and Nature of Business Trustmont Financial Group, Inc. (Company) was organized on June 16. 1986 and incorporated under the laws of Pennsylvania. The Company is a non-carrying broker-dealer registered with the Securities and Exchange Commission (SEC) and is headquartered in Greensburg, Pennsylvania. The Company is a member of the Financial Industry Regulatory Authority (FJNRA) and the Securities Investors Protection Corporation (SIPC). #### **8. Summary of Significant Accountirtg Policies** The summary of significant accounting policies is presented to assist in understanding these financial statements. The financial statements and notes are representations o; management, who is responsible for their integrity and objectivity. The accounting policies used confonn to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of these financial statements. Method of Accounting. These financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. LJ~(i of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted 1n the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents. Cash consists of deposits with banks and all highly liquid investments, with maturities of three months or less, that are not segregated and deposited for regulatory purposes. Fully Disclosed Basis. The Company is associated with RBC Correspondent Services, a division of RBC Capital Markets, LLC (RBC) (Clearing Broker). a member of the New York Stock Exchange, Inc., on a fully disclosed basis in connection with the execution and ,clearance of the securities transactions effected by the Company. In accordance with the Clearing Agreement, the Company is required to provide a clearing deposit in lhe amount of \$25,000 as of December 31, 2025, upon which the Clearing Broker pays interest at prevailing rates. The clearing deposit account is listed separately on the statement of financial condition. {15}------------------------------------------------ Notes to Financial Statements Year Ended December 31, 2025 #### **B. Summary of Significant Accounting Policies (Continued)** Accounts Receivable. Accounts receivable are stated at the amount management expects ~o collect from dutstanding balances. Based on management's assessment of the credit history with its customers having outstanding balances, and current relationships with them, and current economic conditions, it has concluded that credit losses on balances outs~anding al year end will be immaterial. Commissions Payable. A substantial portion of commission revenue is ultimately paid to the registered representatives. The Company records an estimate for commissions payable based upon payout ratios for each product for which the Company has accrued commission revenue. Such amounts are recorded as commission expense. Securities Owned. The Company carries securities primarily to help meet its net capital requirement under the Securities Exchange Act. Equity securities with readily determinable fair values, are reported in accordance with FASS ASC 820, Fair Value Measurement, based upon quoted market prices. Equity securities with no readily available market are carried at cost. The change in unrealized gains and losses are reported in earnings. Realized gains and losses are computed based on specific identification of the securities sold. Capitalization and Depreciation. Fixed assets in excess of \$5,000 are recorded at acquisition cost and depreciated over the estimated useful Jives of the related assets using the straight-line method and accelerated cost recovery system for financial and tax reporting, respectively. Advertising. The Company expenses the cost of advertising as incurred. There was no advertising expense for the year ended December 31, 2025. Compensated Absences. The Company has a vacation policy allowing for paid time off based on years of service. The vacation policy does not allow for the accumulation or carryover of unused vacation to fulure periods. Accordingly, the Company recognizes the costs of compensated absences when actually paid to employees and has not accrued a liab1lity for unused vacation time at December 31, 2025. Income Taxes. Income taxes are provided tor the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes. Deferred income taxes are recognized tor differences between the basis of asset and liabilities for financial statement and income tax purposes. Deferred income taxes are also recognized for net operating loss carryforwards that are available to offset future taxable income. {16}------------------------------------------------ Notes to Financial Statements Year Ended ·oecember 31 , 2025 #### 8. su·mmary of Significant Accounting Policies (Continued) Leases. The Company recognizes and measures its leases in accordance with FASS ASC 842. Leases. The Company determines if an arrangement is a tease, or contains a lease. at inception of a contract and when the terms of an existing contract are changed. The Company recognizes a lease liability and a right cl°f use (ROU) asset at the commencement date of the lease. The lease liability is initially and subsequently recognized based on the present value of its future lease payments. Variable payments are included in the future lease payments when those variable payments depend on an index or a rate. The discount rate Is the implicit rate if it ls readily determinable or otherwise the Company uses its incremental borrowing rate. The Company's· incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the tease payments under similar terms and in a similar economic environment. The ROU asset is subsequently measured throughout ,the lease term at the amount of the remeasured lease liabllity (i.e., pres~nt value of the remaining lease payments), plus unamortiZed initial direct costs. plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received, and any impairment recognized. The company has elected, for all underlying classes of assets. to not recognize ROU assets and lease liabilities for short-term leases ·that have 'a tease term of 12 months or less at lease commencement, and do not include an option to purchase the u·nderlying asset that the Company is reasonably certain to exercise. ~ease cost associated with short-term leases is recognized on a straight-line basis over the lease term. The Company made an accounting policy election by class of underlying asset. for computers and other office equipment, to account for each separate lease component of a contract and Its associated non-lease components (lessor-provided maintenance) as a single lease component. #### C. **Revenue** From **Contracts With** Customers Significant Judgmenls. Revenue from contracts wm, customers includes commIss1on income. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time: how to allocate transaction prices where multiple performance obligations are identified; When to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gtoss or net of certafn costs; and whether constralnts on variable consideration should be applied due to uncertain future events. {17}------------------------------------------------ Notes to Financial Statements Year Ended December 31, 2025 #### **C. Revenue From Contracts With Customers (Continued)** #### **Commissions** Brokerage Commissions. The Company buys and sells securities on behalf of Its customers. Each time a customer enters into a buy or sell transaction, the Company charges a commission. Commissions and related clearing expenses are recorded on the trade date (the date that the Company fills the trade order by finding and contracting with a counterparty and confirms the **lrade** with the customer). The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership of the securities have been transferred to/from the customer. Distributions Fees. The Company enters into arrangements with managed accounts or other pooled investment vehicles (funds) to distribute shares to Investors. The Company may receive distributions fees paid by the fund up front, .over time, upon the investor's exit from the fund (that is, a contingent deferred sales cha~ge), or as a combination thereof. The Company believes that its performance obligation is the sale of securities to investors and as such this is fulfilled on the· trade date. Any fixed amounts are recognized on the trade date and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts. as the uncertainty is dependent on the value of Che shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome this constraint until the market value of the fund and the investor activities are known, which are usually monthly or quarterly. Distributions fees recognized in the current period are primarily related to performance obligations ·that have been satisfied in prior periods. There are no immaterial differences between current and prior periods. Fees Charged to Representatives. The Company provides administrative, technological and support fees. These services represent a single performance obligation provided over time, on an annual basis as the representatives simultaneously receive and consume the benefits of the services provided by the Company. #### Disaggregated Revenue From Contracts With Customers The following table represents revenue by major source: | Commission Income: | | |--------------------------------------------|------------------------------| | Brokerage commissions
Distribution fees | \$
2,191,076
4,386,220 | | | \$
6,577,296 | Receivables from contracts with customers amounted to \$505,779 and \$508,179 for the years ended December 31 , 2025 and 2024, respectively. {18}------------------------------------------------ Notes to Financial Statements Year Ended December 31, 2025 #### **D. Net Capital Requirements** The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the Company to maintain minimum net capital equal to the greater of \$5,000 or 6 2/3% of aggregate Indebtedness and requires that the ratio of aggregate indebtedness to net capital. both as defined, should not exceed 15 lo 1 (and .the rule of the "applicable" exchange also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net ea pita I ratio would exceed 10 to 1 ). At December 31, 2025, the Company had net capital of \$61,442, which was \$26,881 in excess of its required net capital of \$34,561 . The Company's net capital ratio was 8.44 to 1, Pursuant to Rule 17a-5, the Company is required to file a computation Qf net capital as of the audit date. Rule 17a5(d)(4) requires ·reporting on any material differences between the audited computation and the Company's computation. At December 31, 2025, there were no material differences. #### E. Securities Owned Cost and fair value of securities owned classified by the Company are as follows: | Cost basis | \$ | 97,653 | |------------------------------------------------------------------------------|----------------|-------------| | Net uhrealized gain -
prior year
Net unrealized loss -
current year | 3.648
(533) | | | Fair value | \$ | . .1'00.768 | During the year ended December 31. 2025. the entire position of CMS TECH NV was sold for \$2,957. resulting in a capital loss of \$15,053. #### F. **Pension Plan** The Company (Tlaintain~ a SIMPLE plan for eligible employees and will match up to 3% or employees' elective deferrals. The employee compensation and benefits expense on the statement of operations Includes \$11,312 of matching contributions by the Company. #### G. Income **Taxes** The Company account\$ for defe~red taxes us,ng the asset and liability method. The objective of the asset and liability method is to establish deferred tax assets and liabilities for the temporary differences between the financial reporti~g basis and the tax basis of the Company's assets at enacted tax rates expected to be in effect when such amounts are realized or settled. The asset and liability as computed for these financial statements assumes that the current tax rates and regulations will be in effect for lhe year the temporary differences reverse. Accordingly, adjustments lo the asset will be necessary in the future should the tax laws change. {19}------------------------------------------------ Notes to Financial Statements Year Ended December 31 , 2025 #### G. Income **Taxes** (Continued) ·For Federal and state income tax purposes, the Company has net operating loss carryforwards of approximately '\$427,000 and \$500,000, respectively, that may be offset against future taxable income. The Company estimates that the entire amount of both or these net operating loss carryforwards· will be utilized prior to expiration beginning in .2038. The Company has a federal capital loss carryforward of approximately \$15,000, that may be offset against future capital gains income. The Company estimates that the capital loss carryforward will be utilized prior to expiration on December 31. 2030. At December 31, 2025, deferred income tax assets or \$124,000 have been recognized. Current standards require companies to recognize, measure. present, and disclose l)ncertain tax positions that have been or are expected to be 1aken. As such, financial statetnents will reflect expected future tax consequences of uncertain tax positions presuming th,e tax authorities· full knowledge of the position and all relevant facts. It is the Company's policy not to take uncertain tax positions. the Company's federal and state Income tax returns are subject to possible examination by the taxing authorities until expiration of tne related statutes of limitations ori those tax returns. As of December 31, 2025, the Company's open audit periods are 2022 through 2025 for both federal and state purposes. In evaluating the Company's tax provisions and accruals, future taxable income, and the reversal of temporary differences. Interpretations and tax planning strategies are considered. The Company believes their estimates are appropriate based on current facts and circumstances. Differences in total income tax expense and the amount of income tax that would result from appiying statutory rates to preta~ Income are due to permanent differences including meals, entertainment and divf\_dends received deduction alqng with a change in the state corporate income tax rate. The provision for income taxes in the statement of operations for the year ended December 31 , 2025 consists of the following component: | 14,500 | |--------------| | 3,500 | | 18,000 | | \$
18,000 | | | ~ {20}------------------------------------------------ Notes to Financial Statements Year Ended December 31 , 2025 ### H. **Concentration of Credit Risk** The Company is engaged in various trading and brokerage activities In which counterparties primarily include broker-dealers, banks, and other financial institutions. In the event counterparties do not fulfill their obl1gations, the Company may be exposed to risk. The tisk or default depends on the creditworthiness of the co11nterparty or issuer of the instrument It is the Company's policy to review, as necessary. the credit standing of each counterparty. Financial instruments that potentially subject the Company to credit risk include securities owned. Management periodically evaluates the quality of the securities owned. '"The Company maintains its cash in bank deposit accounts at a high quality financial institution. The balances. at times, may exceed federally insured limits. At December 31, 2025, the Company did not exceed the insured limit. #### I. Arbitration Settlements The Company settled one arbitration case filed with FINRA during the year ended December 31, 2025. The Company's financial loss related to the settlement amounted to approximately \$170,000, including related attorney fees, and were included in other expenses on the statement of operations. #### J. Lease Commitments The Company has obligations as a lessee for office space, with initial noncancelable terms in excess of one year. The Company classified this lease as an operating lease. This lease generally contains renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the OP,tional periods are not included In determining the lease term, and associated payments tJnder these renewal options are excluded from lease payments. The Company's leases do not include termination options for either party to the lease or restrictive financial or other covenants. Payments due under the lease contracts include fixed payments ptus variable payments. The Company's office space lease requires it to make an additional payment for the Company's proportionate share of the building's property taxes, insurance, and common area maintenance. These cost are not included in lease payments used to determine lease liability. The Company leases office space under a non-cancellable operating lease, which expires December 2029 and provides for monthly lease payments of \$4,874. TM lease is renewable tot an additional five years following the above termination date, at a lease rate mutually agreeable. For the year ended December 31 , 2025, rent expense under the lease amounted to \$58,482. {21}------------------------------------------------ Notes to Financial Statements Year Ended December 31 , 2025 #### J. **Lease** Commitments (Continued) The Company also· lease~ office sp~ce from a related party ·on a month-to-month basis for monthly ·payments of \$1 ,000. F,oi' the year ended December 31. 2025, rent' expense under the lease term amounted to \$12,000. As of December 31, 2025 the Con'!Pany has estimated for purposes of lease accounting .that the term of this lease will extend until Dece·mber 31 , 2029 and the lease will be .treated as ;:in qperating lease. Amounts reported 111 the .statem~nt of financial COf"!dition as of Decembef 31 , 2025 were as follows: | Operating leases: | | |-----------------------------|---------------| | Operating lease ROU assets | \$
242,193 | | Operating l~ase liabilities | (242,193) | Other information related to leases as of December 31 , 2025 was as follows: Supplemental cash flow information: | Cash paid for amounts included in the measurement of lease llabllities: | | |-------------------------------------------------------------------------|--------------| | Operating cash /low from operating leas~s | \$
70,482 | The discount rate of both operating leases is ao/o for 2025. The remaining lease term of both operating leases is 4 'years as of December 31 , 2025. Maturities of lease liabilities under noncancellable opetating leases as-of December 31 , 2025 are as follows: | 2026 | 70,482 | |-----------------------------------|---------------| | 2027 | 70,482 | | 2028 | 70,482 | | 2029 | 70,482 . | | Total undiscounted lease payments | 281,928 | | Less imputed interest | (39,735) | | Total lease liabilities | \$
242,193 | {22}------------------------------------------------ Notes to Financial Statements Year Ended December 31, 2025 #### **K. Related Party Transactions** Trustmont Advisory Group, Inc. (TAG) is a registered investment advisory company that has common ownership and utilizes the same employees and office space as the Company. Most of ttie equipment and furniture used both by the Company and TAG is owned by either TAG or the majority -stockholder of the Company. During the year, the Company earned an oversight fee of \$60,000 from TAG. This fee has been included in fees charged to representatives on the statement of operations. As of December 31 , 2025, the Company has no balance owed to TAG. The Company rents office space, from an entity owned by a person who lndirectly\_owns.a..major:ity\_oLthe\_ \_ stock of the Company, on a month-to-month basis. This expense. is included in occupancy and equipment cost on the statement of operations and amounted tq .\$12,000 for the year ended December 31, 2025. The Company subleases a portion· of their office space to an entity owned by a person who owns, indirectly, a majority of the stock of the Company. Rent received under this cancellable sublease amounted to \$36,000 .for the year ended December 31, 2025 . #### L. Fair Value Measurements FASS ASC 820 defines fair value, establlshes a framework for measuring fair value. and establishes a fair value hierarchy which prioritizes the inputs lo valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the 'liability occurs in the principal market for the asset or liability or, in the absence of a principal market. the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified by **FASB ASC 820,** are used to measure fair value. The fair value hierarchy prioritizes the inputs to valua·tion techniques used to measure fai~ value into three broad levels: - level 1 inputs are quoteC, prices (unadjusted) in active markets for identical assets or liabilities ttie Company has the ability to access. - Level 2 inputs are inputs other than quoted prices included Within level 1 that are observable for the **asset** or liability, either directly or indirectly. - Level 3 are unobservable inputs for the asset or liability and rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. The unobservable inputs should be developed based on the best information available in the circumstances and may include the Company's own data. There were no transfers in or out of Level 3 during the year ended December 31, 2025. {23}------------------------------------------------ Notes to Financial Statements Year Ended December 31, 2025 #### L. **Fair Value Measurement& (Continued)** The following table presents the Company's fair value hierarchy for those securities measured at fair value on a recurring basis as of December 31 , 2025: | | | Fair Value | Level1 | | Level2 | | Level3 | | |--------------------------------------------|----|-----------------|--------|-----------------|--------|--|--------|--| | Securities owhed:
Schwab Treasury | | | | | | | | | | Obligation Money Fund
Domestic equities | \$ | 94,648
6,120 | \$ | 94,648
6,120 | \$ | | \$ | | | | \$ | 100,768 | \$ | 100,768 | \$ | | \$ | | #### **M. Segment Reporting** The Company follows Accounting Standards Update 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures rAsu 2023-07), which expands reportable segment information by requiring companies to disclose, on an annual and interim basis, si.9nificant reportable segment expenses that are regularly provided to tile Chief Operating Decision Maker ("CODM~) and Included within each reported measure of a segment'.s profit or loss. ASU 2023-07 also requires disclosure of the title and position of the individual Identified as the CODM and an explanation of how the COOM makes decisions about allocating resources to segments and evaluating performance. Trustmont Financial GrQup, Inc. conducts its business activities and reports financial results as a slngle reportable brokerage servic~s segment. The CODM, the President makes decisions about allocating resol,ll'Ces and a~s~ssing performance in a manner consistent with the way the Company operates its business and presents their financial results. AddiUonally, the President (CODM) uses excess net capita! (see Note D) which ts not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to maintain pronts or pay distributions. The company's operations constitute a single operating segment therefore, a single reportable segment, because the President (CODM) manages the business activities using information of the company as a whole. The nature of business and accounting policies of the brokerage services segment are\_ the same as described in the description of business and summary of significant accounting policies notes. #### **N. Subsequent Events** The Company has evaluated subsequent events through February 26, 2026, which is the date the financial statements were available to be issued. Management noted no events tequiring disclosure or recognition. {24}------------------------------------------------ Supplemental Information {25}------------------------------------------------ Schedule I Computations of Net Capital and Aggregate Indebtedness Year Ended December 31, 2025 | Net Capital: | | | |---------------------------------------------------|---|---------| | Total stockholders' equity | S | 275,708 | | Deductions: | | | | Non-allowable assets: | | | | Petty cash | | 190 | | Receivables from non-customers | | 71,130 | | Prepaid insurance | | 13,571 | | Prepaid income taxes | | 2,360 | | Deferred income tax assets | | 124,000 | | Total non-allowable assets | | 211,251 | | Other deductions | | 204 | | Net Capital Before Haircuts on Security Positions | | 64,253 | | Haircuts on Securities: | | | | Other securities | | (2,811) | | Net Capital | | 61,442 | | Net Capital Requirement | | 34,561 | | Net Capital in Excess of Minimum Requirements | S | 26,881 | | Aggregate Indebtedness | S | 518,421 | | Ratio of Aggregate Indebtedness to Net Capital | | 8.44 | Pursuant to Rule 17a-5(d)(4), there is no material difference between the above computation and that reported by the Company in the Part IIA (Unaudited) FOCUS report as of December 31, 2025. See Report of Independent Registered Public Accounting Firm. Page 16 {26}------------------------------------------------ Schedule II Computation for Determination of Reserve Requirements and Information Relating to Possession or Control Requirements Pursuant to Securities and Exchange Commission Rule 15c3-3 Year Ended December 31, 2025 The Company claims exemption (k)(2)(ii) from rule 15c3-3 of the Securities and Exchange Commission and for other business activities contemplated by Footnote 74 of SEC Release No. 34-70073 as a limited business, engaged in the sale of securities and various other financial products such as mutual funds, variable annuities and life insurance policies. The Company does not carry securities for customers or perform custodial functions relating to customer securities. See Report of Independent Registered Public Accounting Firm. {27}------------------------------------------------ ![](_page_27_Picture_0.jpeg) 2700 Ygnacio Valley Road, Ste 270 Walnut Creek, CA 94598 (925) 932-3860 lei **(9251** 476-9930 eta~ www.cropperaccountancy.com ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FJRM To the Stockholders of Trustmont Financial Group, Inc. We have reviewed manageIIJent's statements, included in the accompanying Trustrnont Financial Group, Inc's Exemption Report, in which the Company states the foUowing: with regard to Trustmont Financial GrouJJ, Inc (the Company) states the following; (I) with regard to tbe Company's dealer management business activities for transactions cleared on a fu1ly disclosed basis with a clearing firm~ the Company claimed an exemption from 17 C.F.R. §240.1 Sc3-3(k)(2)(ii), (2) with regard to the Company's other business activities for transactions not cleared through its clearing finn business activities, the Company is filing an Exemption Report pursuant to the provisions of Footnote 74 of the S\$C Release No. 34-70073 because it (1) did not directly or indirectly receive, h.old, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry proprietary account of broker-dealers (as defined in Rule l 5c3-3), (3) Trustmont Financial Group, Inc. met the identified exemption prov1sion in 17 C.F. R. §240. l 5c3-3(k) and the provisions of Footnote 74 of the SEC Release No. 34-70073 throughout the most recent fiscal year ended December 31 , 2025 without exception. The Company's management is responsible for compliance with the exemption provisions and Footnote 74 of the SEC Release No. 34-70073 their statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about the Company's compliance with the exemption provisions and Footnote 74 of the SEC Release No. 34-70073. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion, Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly sta"ed, in all material respects, based on the provisions set forth in paragraph (k)(2)(ji) of Rule 15c3-3 under the Securities Exchange Act of 1934 and the Company's other business aci-ivities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopti.ng amendments to 17 C.F.R. §240.17a-5, and related SEC Staff Frequently Asked Questions. ~~~~,~ ACCOUNTANCY CORPORATION CROPPER Walnut Creek, California February 26, 2026 {28}------------------------------------------------ ![](_page_28_Picture_0.jpeg) Scenic Drive Professional Center 200 Brush Run Road, Suite A Greensburg, PA 1560 l 724-468-5665 Fax: 724-468-5675 www.trustmontgroup.com ## **Trustmont Financial Group, Inc's Exemption Report** Trustmont Financial Group, INC. ("TFG") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R.§240.l 7a-5, "reports to be made by certain brokers and dealer"). This Exemption Report was prepared as required by 17 C.F.R §240. l 7a-5(d)(l) and (4). To the best of its knowledge and belief, the Company states the following: - (1) With regard to the TFG's dealer management business act1v1t1es fur transactions cleared on a fully disclosed basis with a clearing firm, TFG claimed an exemption from 17C.F.R §240. l 5c3-3(k)(2)(ii). - (2) With regard to TFG's other business activities for transactions not cleared through its clearing firm business activities, TFG is filing an Exemption Report pursuant to the provisions of Footnote 74 of SEC Release No. 34- 70073 because it (1) did not directly or indirectly receive, hold or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rules 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry proprietary account of broker-dealers (as defined in Rule 15c3-3). - (3) TFG met the identified exemption provision in 17 C.F.R. §240. l 5c3-3(k) and the provisions of Footnote 74 of SEC Release No. 34-70073 throughout the most recent fiscal year end December 31, 2025 without exception. Trustmont Financial Group, Inc. I, Anthony C. HJadek, affinn that, to the best knowledge and belief, this Exemption Report is true and correct. ell/~ All securities offered 1hrougti Trustmont® f>inancinl Group, Inc, • Membtlt FINRA/SIPC Rcgis1cred Investment Advisory Services offcrc:d through Trustmont® Advisory Group, Inc. {29}------------------------------------------------ ![](_page_29_Picture_0.jpeg) 2700 Ygnacio Valley Road, Ste 270 Walnut Creek, CA 94598 (925) 932-3860 tel (925) 476-9930 efax www.cropperaccountancy.com ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES #### Stockholders of Trustmont Financial Group, Inc. We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2025. Management of Trustmont Group. Inc. (the Company) is responsible for its Form SIPC-7 and for its complicable instructions on Form SIPC-7- Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's complicable instructions on Form SIPC-7 for the year ended December 31, 2025 Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and our associated findings are as follows: - 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences: - 2) Compared the Total Revenue anounts reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2025, with the Total Revenue amount reported in Form SPC-7 for the year ended December 31, 2025. noting no differences: - 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; - 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and - 5) Compared the anount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences. We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICP A and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2025. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other maters might have come to our attention that would have been reported to you. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of the Company and SIPC and is not intended to be and should not be used by anyone other than these specified parties. CROPPER ACCOUNTANCY CORPORATION Walnut Creek, California February 26, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.