Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	JOHNSON & JOHNSON	92,005	$9.807M	4.2%	$59.91	+26.2%	COM	478160104
—	STERLING BANCORP DEL COM	669,269	$8.56M	3.6%	$13.37	—	COM	85917A100
XOM	EXXON MOBIL CORPORATION	87,347	$8.215M	3.5%	$53.81	+14.3%	COM	30231G102
HD	HOME DEPOT INC	76,293	$6.999M	3.0%	$56.17	+17.0%	COM	437076102
—	GENERAL ELECTRIC COMPANY	263,429	$6.749M	2.9%	$23.45	—	COM	369604103
MSFT	MICROSOFT CORP	138,033	$6.399M	2.7%	$26.88	+40.1%	COM	594918104
INTC	INTEL CORP	182,670	$6.361M	2.7%	$17.23	+49.4%	COM	458140100
CVX	CHEVRONTEXACO CORP	51,879	$6.19M	2.6%	$71.28	+10.1%	COM	166764100
TMO	THERMO ELECTRON CORP	44,766	$5.448M	2.3%	$79.76	+47.1%	COM	883556102
CVS	C V S CORP DEL	68,321	$5.438M	2.3%	$41.92	+37.1%	COM	126650100
ORCL	ORACLE CORPORATION	138,898	$5.317M	2.3%	$27.76	+23.2%	COM	68389X105
HAL	HALLIBURTON COMPANY	82,387	$5.315M	2.3%	$33.43	+65.1%	COM	406216101
PEP	PEPSICO INCORPORATED	56,568	$5.266M	2.2%	$56.21	+15.4%	COM	713448108
PG	PROCTER & GAMBLE CO	59,401	$4.974M	2.1%	$55.04	+8.5%	COM	742718109
VZ	VERIZON COMMUNICATIONS	95,607	$4.779M	2.0%	$26.98	+3.0%	COM	92343V104
JPM	JP MORGAN CHASE & CO	78,069	$4.703M	2.0%	$36.82	+17.1%	COM	46625H100
PFE	PFIZER INCORPORATED	156,645	$4.632M	2.0%	$16.54	+5.4%	COM	717081103
WMT	WAL-MART STORES INC	56,071	$4.288M	1.8%	$19.98	+1.6%	COM	931142103
COP	CONOCOPHILLIPS	54,108	$4.14M	1.8%	$40.33	+40.6%	COM	20825C104
EMR	EMERSON ELECTRIC CO	64,081	$4.01M	1.7%	$40.33	+18.4%	COM	291011104
CSCO	CISCO SYSTEMS INC	154,491	$3.889M	1.7%	$15.32	+15.5%	COM	17275R102
MRK	MERCK & CO INC	59,938	$3.553M	1.5%	$30.22	+30.3%	COM	58933Y105
BAC	BANKAMERICA CORP	205,452	$3.503M	1.5%	$10.27	+22.4%	COM	060505104
BA	BOEING CO	27,038	$3.444M	1.5%	$82.80	+32.0%	COM	097023105
IBM	INTL BUSINESS MACHINES	17,996	$3.416M	1.5%	$115.39	-0.9%	COM	459200101
T	AT & T INC	96,010	$3.383M	1.4%	$11.37	+4.7%	COM	00206R102
WFC	WELLS FARGO & CO NEW	64,269	$3.334M	1.4%	$28.34	+32.0%	COM	949746101
—	ACTAVIS PLC	13,689	$3.303M	1.4%	$126.22	—	COM	00507K103
OBT	ORANGE CNTY BANCORP INC	79,643	$3.186M	1.4%	$9.89	+0.6%	COM	68417L107
—	CHUBB CORPORATION	33,545	$3.055M	1.3%	$85.13	—	COM	171232101
—	EXPRESS SCRIPTS A	41,561	$2.935M	1.2%	$63.27	—	COM	30219G108
ADP	AUTO DATA PROCESSING	34,172	$2.839M	1.2%	$45.51	+23.6%	COM	053015103
BMY	BRISTOL-MYERS SQUIBB CO	54,951	$2.812M	1.2%	$28.72	+19.1%	COM	110122108
—	CITRIX SYSTEMS INC	39,225	$2.798M	1.2%	$60.37	—	COM	177376100
GS	GOLDMAN SACHS GROUP INC	14,350	$2.634M	1.1%	$121.66	+15.6%	COM	38141G104
BK	THE BANK OF NY MELLON CORP	64,820	$2.51M	1.1%	$21.80	+35.0%	COM	064058100
—	3M COMPANY	17,429	$2.469M	1.0%	$110.95	—	COM	885794101
CAH	CARDINAL HEALTH INC	30,850	$2.311M	1.0%	$32.61	+63.5%	COM	14149Y108
—	DOW CHEMICAL COMPANY	41,479	$2.175M	0.9%	$32.60	—	COM	260543103
SYY	SYSCO CORPORATION	57,246	$2.172M	0.9%	$24.46	+12.7%	COM	871829107
—	TIME WARNER INC	28,667	$2.156M	0.9%	$58.45	—	COM	00184A105
—	ROYAL DUTCH SHELL SPON ADR	27,770	$2.114M	0.9%	$65.37	—	COM	780259206
AAPL	APPLE COMPUTER INC	20,407	$2.056M	0.9%	$18.17	+19.0%	COM	037833100
—	KRAFT FOODS GROUP INC COM	34,948	$1.971M	0.8%	$55.61	—	COM	50075N104
—	COVIDIEN LTD	20,515	$1.775M	0.8%	$63.77	—	COM	G2552X108
—	PRECISION CASTPARTS CORP	7,215	$1.709M	0.7%	$226.78	—	COM	740189105
PSX	PHILLIPS 66	20,249	$1.646M	0.7%	$40.44	+36.3%	COM	718546104
—	E M C CORP MASS	55,795	$1.633M	0.7%	$24.29	—	COM	268648102
MDLZ	MONDELEZ INTL INC CL A	45,819	$1.57M	0.7%	$23.16	+22.3%	COM	609207105
GLW	CORNING INC	80,731	$1.561M	0.7%	$10.89	+42.1%	COM	219350105
QCOM	QUALCOMM INC	18,606	$1.391M	0.6%	$48.29	+14.8%	COM	747525103
PNC	PNC FINANCIAL SERVICES	15,229	$1.303M	0.6%	$48.26	+24.0%	COM	693475105
MET	METLIFE INC	24,019	$1.29M	0.5%	$26.36	+26.3%	COM	59156R108
—	ABBVIE INC COM	21,660	$1.251M	0.5%	$42.45	—	COM	002874109
MCD	MCDONALDS CORP	13,035	$1.236M	0.5%	$71.80	-0.8%	COM	580135101
—	BERKSHIRE BANCP INC DEL	134,116	$1.136M	0.5%	$7.95	—	COM	084597202
CAT	CATERPILLAR INC	10,889	$1.078M	0.5%	$63.20	+25.5%	COM	149123101
IFF	INTL FLAVOR & FRAGRANCES	11,125	$1.067M	0.5%	$58.18	+32.7%	COM	459506101
NOC	NORTHROP GRUMMAN CORP	7,625	$1.005M	0.4%	$63.97	+63.5%	COM	666807102
CMC	COMMERCIAL METALS CO	58,418	$997K	0.4%	$11.15	+23.4%	COM	201723103
MO	ALTRIA GROUP INC	20,921	$961K	0.4%	$16.93	+22.1%	COM	02209S103
—	DU PONT E I DE NEMOUR&CO	12,501	$897K	0.4%	$54.17	—	COM	263534109
ABT	ABBOTT LABORATORIES	20,757	$863K	0.4%	$29.00	+17.6%	COM	002824100
TD	TORONTO DOMINION BK	17,025	$841K	0.4%	$44.46	+16.7%	COM	891160509
KO	COCA COLA COMPANY	18,940	$808K	0.3%	$27.71	+4.1%	COM	191216100
—	TYCO INTL LTD NEW	18,098	$807K	0.3%	$33.22	—	COM	902124106
AMGN	AMGEN INC COM	5,659	$795K	0.3%	$75.78	+24.7%	COM	031162100
—	UNITED TECHNOLOGIES CORP	7,129	$753K	0.3%	$96.28	—	COM	913017109
NSC	NORFOLK SOUTHERN CORP	6,252	$698K	0.3%	$57.82	+42.9%	COM	655844108
PFF	ISHARES TR S&P US PFD STK INDE	16,625	$657K	0.3%	$39.31	—	COM	464288687
PPL	PPL CORPORATION	19,835	$651K	0.3%	$16.60	+13.2%	COM	69351T106
—	NEXTERA ENERGY INC.	6,852	$643K	0.3%	$82.36	—	COM	302571104
—	RAYTHEON COMPANY NEW	6,162	$626K	0.3%	$73.09	—	COM	755111507
BP	BP PLC ADR	14,179	$623K	0.3%	$43.19	—	COM	055622104
ITW	ILLINOIS TOOL WORKS INC	7,350	$620K	0.3%	$52.93	+25.0%	COM	452308109
—	TOTAL FINA ELF S A ADR	8,875	$572K	0.2%	$72.12	—	COM	89151E109
—	SPECTRA ENERGY CORP	14,371	$564K	0.2%	$34.97	—	COM	847560109
—	BLACKROCK INC	1,659	$545K	0.2%	$259.62	—	COM	09247X101
DUK	DUKE ENERGY CORPORATION	7,173	$536K	0.2%	$41.98	+8.7%	COM	26441C204
LOW	LOWES COMPANIES INC	10,105	$535K	0.2%	$33.51	+22.9%	COM	548661107
CMCSA	COMCAST CORP NEW CL A	9,645	$519K	0.2%	$16.83	+25.8%	COM	20030N101
DIS	DISNEY WALT HOLDING CO	5,689	$506K	0.2%	$58.71	+35.1%	COM	254687106
CL	COLGATE-PALMOLIVE CO	7,558	$493K	0.2%	$45.18	+12.2%	COM	194162103
DRI	DARDEN RESTAURANTS INC	8,250	$491K	0.2%	$30.65	-1.2%	COM	237194105
SO	THE SOUTHERN COMPANY	11,253	$491K	0.2%	$26.30	+3.1%	COM	842587107
LLY	ELI LILLY & COMPANY	6,662	$432K	0.2%	$43.03	+19.4%	COM	532457108
RSG	REPUBLIC SERVICES INC	10,865	$424K	0.2%	$26.37	+18.2%	COM	760759100
NVS	NOVARTIS A G SPON ADR	4,450	$419K	0.2%	$71.07	—	COM	66987V109
EQT	EQT CORPORATION	4,450	$407K	0.2%	$52.61	-7.6%	COM	26884L109
BCPC	BALCHEM CORP	6,930	$392K	0.2%	$43.71	+14.5%	COM	057665200
USB	US BANCORP DEL NEW	9,015	$377K	0.2%	$23.47	+21.1%	COM	902973304
NKE	NIKE INC CLASS B	4,190	$374K	0.2%	$29.62	+16.1%	COM	654106103
SCHW	THE CHARLES SCHWAB CORP	12,606	$370K	0.2%	$17.30	+42.8%	COM	808513105
JFBC	JEFFERSONVILLE BANCORP	30,006	$360K	0.2%	$11.22	+7.9%	COM	47559A103
HON	HONEYWELL INTERNATIONAL	3,735	$348K	0.1%	$53.84	+24.6%	COM	438516106
LMT	LOCKHEED MARTIN CORP	1,900	$347K	0.1%	$115.87	+7.8%	COM	539830109
TEVA	TEVA PHARM INDS LTD ADRF	6,336	$341K	0.1%	$39.56	—	COM	881624209
MDU	M D U RESOURCES GROUP	11,946	$332K	0.1%	$6.58	+27.4%	COM	552690109
—	MONSANTO CO NEW DEL	2,858	$322K	0.1%	$105.94	—	COM	61166W101
AZN	ASTRAZENECA PLC	4,275	$305K	0.1%	$48.13	—	COM	046353108
—	ENERGEN CORPORATION	4,200	$303K	0.1%	$88.81	—	COM	29265N108
KMB	KIMBERLY-CLARK CORP	2,775	$299K	0.1%	$63.18	+12.1%	COM	494368103
SNY	SANOFI AVENTIS ADR	5,075	$286K	0.1%	$51.46	—	COM	80105N105
—	ADT CORP COM	7,959	$282K	0.1%	$39.83	—	COM	00101J106
SLB	SCHLUMBERGER LTD F	2,772	$282K	0.1%	$52.90	+50.3%	COM	806857108
—	KINDER MORGAN ENERGY LP	2,990	$279K	0.1%	$85.19	—	COM	494550106
—	ANADARKO PETROLEUM CORP	2,655	$269K	0.1%	$85.57	—	COM	032511107
OXY	OCCIDENTAL PETE CORP	2,731	$263K	0.1%	$57.83	+17.6%	COM	674599105
MTB	M & T BANK CORP	2,076	$256K	0.1%	$73.77	+21.7%	COM	55261F104
—	NABORS INDS INC	11,050	$251K	0.1%	$15.32	—	COM	G6359F103
—	ALTEVA COM	35,132	$248K	0.1%	$9.88	—	COM	02153V102
CAG	CONAGRA FOODS INC	7,350	$243K	0.1%	$17.69	-5.4%	COM	205887102
ED	CONSOLIDATED EDISON INC	4,151	$235K	0.1%	$37.50	-0.1%	COM	209115104
VLO	VALERO ENERGY CORP	4,940	$229K	0.1%	$32.63	0.0%	COM	91913Y100
ALCO	ALICO INC	5,952	$227K	0.1%	$36.45	-11.4%	COM	016230104
WKC	WORLD FUEL SERVICES CORP	5,624	$225K	0.1%	$44.73	0.0%	COM	981475106
PM	PHILIP MORRIS INTL INC	2,648	$221K	0.1%	$48.20	-0.6%	COM	718172109
YUM	YUM! BRANDS, INC.	3,077	$221K	0.1%	$44.64	-3.9%	COM	988498101
—	NEW YORK COMNTY BANCORP	13,856	$220K	0.1%	$14.20	—	COM	649445103
META	FACEBOOK INC	2,780	$220K	0.1%	$72.85	0.0%	COM	30303M102
RIG	TRANSOCEAN SEDCO FOREX	6,820	$218K	0.1%	$46.67	-16.2%	COM	H8817H100
AXP	AMERICAN EXPRESS COMPANY	2,392	$209K	0.1%	$76.50	0.0%	COM	025816109
—	CIMAREX ENERGY CO	1,600	$202K	0.1%	$143.75	—	COM	171798101
—	PENTAIR INC	3,067	$201K	0.1%	$57.78	—	COM	H6169Q108
—	TWO HBRS INVT CORP COM	12,000	$116K	0.0%	$9.75	—	COM	90187B101
—	WOLDS INC	50,000	$11,000	0.0%	$0.22	—	COM	98159J101
—	BLUE CALYPSO INC	60,000	$7,000	0.0%	$0.12	—	COM	09531B203
—	DISCOVERY CORP ENTERPRISES INC	34,000	$2,000	0.0%	$0.06	—	COM	25466Y109
—	TRANZBYTE CORP COM	40,000	$1,000	0.0%	$0.09	—	COM	894117100
—	WESTMONT RESOURCES INC COM PAR	147,750	$0	0.0%	—	—	COM	96081P302
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	0.0%	COM	00737M200
—	VENTANA BIOTECH INC	10,000	$0	0.0%	—	—	COM	92277F109
—	BOREAL WATER COLLECTION INC CO	35,700	$0	0.0%	—	—	COM	09971P100
—	CHIMERA ENERGY CORP COM	16,600	$0	0.0%	$87.23	—	COM	167250109