Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	STERLING BANCORP DEL COM	665,902	$9.576M	3.9%	$13.37	—	COM	85917A100
JNJ	JOHNSON & JOHNSON	91,068	$9.523M	3.9%	$59.91	+29.0%	COM	478160104
XOM	EXXON MOBIL CORPORATION	85,434	$7.898M	3.2%	$53.81	+7.8%	COM	30231G102
HD	HOME DEPOT INC	74,454	$7.815M	3.2%	$56.17	+33.2%	COM	437076102
INTC	INTEL CORP	183,736	$6.668M	2.7%	$17.23	+54.6%	COM	458140100
—	GENERAL ELECTRIC COMPANY	259,253	$6.551M	2.7%	$23.45	—	COM	369604103
MSFT	MICROSOFT CORP	140,523	$6.527M	2.7%	$27.11	+47.1%	COM	594918104
CVS	C V S CORP DEL	66,202	$6.376M	2.6%	$41.92	+53.7%	COM	126650100
ORCL	ORACLE CORPORATION	137,654	$6.19M	2.5%	$27.76	+24.3%	COM	68389X105
CVX	CHEVRONTEXACO CORP	52,755	$5.918M	2.4%	$71.27	-1.1%	COM	166764100
TMO	THERMO ELECTRON CORP	44,371	$5.559M	2.3%	$79.76	+47.3%	COM	883556102
PG	PROCTER & GAMBLE CO	58,697	$5.347M	2.2%	$55.04	+17.4%	COM	742718109
PEP	PEPSICO INCORPORATED	56,462	$5.339M	2.2%	$56.21	+22.1%	COM	713448108
JPM	JP MORGAN CHASE & CO	79,996	$5.006M	2.0%	$37.01	+20.8%	COM	46625H100
PFE	PFIZER INCORPORATED	158,719	$4.944M	2.0%	$16.56	+8.5%	COM	717081103
WMT	WAL-MART STORES INC	56,856	$4.883M	2.0%	$20.01	+9.1%	COM	931142103
VZ	VERIZON COMMUNICATIONS	96,830	$4.53M	1.9%	$26.99	+2.5%	COM	92343V104
CSCO	CISCO SYSTEMS INC	158,581	$4.411M	1.8%	$15.40	+18.9%	COM	17275R102
EMR	EMERSON ELECTRIC CO	64,426	$3.977M	1.6%	$40.33	+15.1%	COM	291011104
COP	CONOCOPHILLIPS	56,073	$3.872M	1.6%	$40.63	+20.3%	COM	20825C104
BAC	BANKAMERICA CORP	208,869	$3.737M	1.5%	$10.32	+31.3%	COM	060505104
BA	BOEING CO	28,183	$3.663M	1.5%	$83.94	+31.8%	COM	097023105
—	EXPRESS SCRIPTS A	42,836	$3.627M	1.5%	$63.90	—	COM	30219G108
WFC	WELLS FARGO & CO NEW	65,576	$3.595M	1.5%	$28.54	+35.8%	COM	949746101
—	CHUBB CORPORATION	34,015	$3.52M	1.4%	$85.39	—	COM	171232101
—	ACTAVIS PLC	13,456	$3.464M	1.4%	$126.22	—	COM	00507K103
MRK	MERCK & CO INC	60,794	$3.452M	1.4%	$30.35	+29.6%	COM	58933Y105
OBT	ORANGE CNTY BANCORP INC	78,413	$3.411M	1.4%	$9.89	+4.6%	COM	68417L107
T	AT & T INC	100,410	$3.373M	1.4%	$11.39	+3.7%	COM	00206R102
BMY	BRISTOL-MYERS SQUIBB CO	57,080	$3.369M	1.4%	$29.10	+33.7%	COM	110122108
HAL	HALLIBURTON COMPANY	83,303	$3.276M	1.3%	$33.50	+17.3%	COM	406216101
ADP	AUTO DATA PROCESSING	34,232	$2.854M	1.2%	$45.51	+39.6%	COM	053015103
—	3M COMPANY	16,896	$2.776M	1.1%	$110.95	—	COM	885794101
GS	GOLDMAN SACHS GROUP INC	14,125	$2.738M	1.1%	$121.66	+24.0%	COM	38141G104
BK	THE BANK OF NY MELLON CORP	65,170	$2.644M	1.1%	$21.80	+36.5%	COM	064058100
IBM	INTL BUSINESS MACHINES	16,443	$2.638M	1.1%	$115.39	-12.9%	COM	459200101
CAH	CARDINAL HEALTH INC	31,025	$2.505M	1.0%	$32.61	+78.3%	COM	14149Y108
AAPL	APPLE COMPUTER INC	22,484	$2.482M	1.0%	$18.71	+28.7%	COM	037833100
—	CITRIX SYSTEMS INC	38,855	$2.479M	1.0%	$60.37	—	COM	177376100
—	KRAFT FOODS GROUP INC COM	38,600	$2.419M	1.0%	$56.28	—	COM	50075N104
—	TIME WARNER INC	28,210	$2.41M	1.0%	$58.45	—	COM	00184A105
SYY	SYSCO CORPORATION	57,747	$2.292M	0.9%	$24.46	+18.0%	COM	871829107
—	COVIDIEN PLC	20,040	$2.05M	0.8%	$102.30	—	COM	G2554F113
—	DOW CHEMICAL COMPANY	44,329	$2.022M	0.8%	$33.43	—	COM	260543103
GLW	CORNING INC	87,057	$1.996M	0.8%	$11.20	+35.7%	COM	219350105
—	ROYAL DUTCH SHELL SPON ADR	29,413	$1.969M	0.8%	$65.45	—	COM	780259206
—	E M C CORP MASS	59,870	$1.781M	0.7%	$24.66	—	COM	268648102
—	PRECISION CASTPARTS CORP	7,315	$1.762M	0.7%	$226.97	—	COM	740189105
QCOM	QUALCOMM INC	23,188	$1.724M	0.7%	$49.29	+8.2%	COM	747525103
MDLZ	MONDELEZ INTL INC CL A	43,988	$1.598M	0.7%	$23.16	+22.7%	COM	609207105
MET	METLIFE INC	29,109	$1.575M	0.6%	$27.48	+19.3%	COM	59156R108
PNC	PNC FINANCIAL SERVICES	16,404	$1.497M	0.6%	$49.19	+24.7%	COM	693475105
PSX	PHILLIPS 66	19,225	$1.378M	0.6%	$40.44	+21.6%	COM	718546104
—	ABBVIE INC COM	20,290	$1.328M	0.5%	$42.45	—	COM	002874109
PFF	ISHARES TR S&P US PFD STK INDE	33,350	$1.315M	0.5%	$39.37	—	COM	464288687
TD	TORONTO DOMINION BK	25,650	$1.226M	0.5%	$45.73	+5.5%	COM	891160509
MO	ALTRIA GROUP INC	23,021	$1.134M	0.5%	$17.56	+35.3%	COM	02209S103
—	BERKSHIRE BANCP INC DEL	132,849	$1.129M	0.5%	$7.95	—	COM	084597202
IFF	INTL FLAVOR & FRAGRANCES	11,025	$1.117M	0.5%	$58.18	+30.2%	COM	459506101
NOC	NORTHROP GRUMMAN CORP	7,525	$1.109M	0.5%	$63.97	+78.6%	COM	666807102
MCD	MCDONALDS CORP	11,360	$1.064M	0.4%	$71.80	-1.7%	COM	580135101
CAT	CATERPILLAR INC	11,432	$1.046M	0.4%	$63.68	+15.2%	COM	149123101
AMGN	AMGEN INC COM	6,030	$960K	0.4%	$78.09	+45.1%	COM	031162100
CMC	COMMERCIAL METALS CO	58,318	$950K	0.4%	$11.15	+14.3%	COM	201723103
—	DU PONT E I DE NEMOUR&CO	12,334	$912K	0.4%	$54.17	—	COM	263534109
—	UNITED TECHNOLOGIES CORP	7,514	$864K	0.4%	$97.24	—	COM	913017109
ABT	ABBOTT LABORATORIES	18,524	$834K	0.3%	$29.00	+21.8%	COM	002824100
—	RAYTHEON COMPANY NEW	7,325	$792K	0.3%	$78.65	—	COM	755111507
—	TYCO INTL LTD NEW	17,273	$758K	0.3%	$33.22	—	COM	902124106
KO	COCA COLA COMPANY	17,815	$752K	0.3%	$27.71	+8.5%	COM	191216100
NSC	NORFOLK SOUTHERN CORP	6,827	$748K	0.3%	$60.18	+42.6%	COM	655844108
PPL	PPL CORPORATION	20,480	$744K	0.3%	$16.70	+18.8%	COM	69351T106
—	NEXTERA ENERGY INC.	6,979	$742K	0.3%	$82.80	—	COM	302571104
DIS	DISNEY WALT HOLDING CO	7,673	$723K	0.3%	$64.55	+25.9%	COM	254687106
LOW	LOWES COMPANIES INC	10,400	$716K	0.3%	$33.95	+44.4%	COM	548661107
ITW	ILLINOIS TOOL WORKS INC	7,238	$685K	0.3%	$52.93	+32.4%	COM	452308109
SO	THE SOUTHERN COMPANY	12,228	$601K	0.2%	$26.55	+11.1%	COM	842587107
DUK	DUKE ENERGY CORPORATION	7,145	$597K	0.2%	$41.98	+21.4%	COM	26441C204
—	BLACKROCK INC	1,638	$586K	0.2%	$259.62	—	COM	09247X101
—	SPECTRA ENERGY CORP	15,636	$568K	0.2%	$35.08	—	COM	847560109
BP	BP PLC ADR	14,629	$558K	0.2%	$43.03	—	COM	055622104
—	TOTAL FINA ELF S A ADR	10,663	$546K	0.2%	$68.61	—	COM	89151E109
CMCSA	COMCAST CORP NEW CL A	9,289	$539K	0.2%	$16.83	+26.4%	COM	20030N101
LLY	ELI LILLY & COMPANY	7,680	$530K	0.2%	$44.64	+23.6%	COM	532457108
CL	COLGATE-PALMOLIVE CO	7,638	$528K	0.2%	$45.25	+15.3%	COM	194162103
DRI	DARDEN RESTAURANTS INC	7,825	$509K	0.2%	$30.65	+14.6%	COM	237194105
USB	US BANCORP DEL NEW	10,615	$477K	0.2%	$24.32	+19.7%	COM	902973304
NKE	NIKE INC CLASS B	4,830	$464K	0.2%	$31.09	+31.1%	COM	654106103
BCPC	BALCHEM CORP	6,530	$435K	0.2%	$43.71	+34.1%	COM	057665200
NVS	NOVARTIS A G SPON ADR	4,425	$410K	0.2%	$71.07	—	COM	66987V109
LMT	LOCKHEED MARTIN CORP	2,120	$408K	0.2%	$118.09	+16.2%	COM	539830109
SCHW	THE CHARLES SCHWAB CORP	13,471	$407K	0.2%	$17.78	+39.7%	COM	808513105
VLO	VALERO ENERGY CORP	8,015	$397K	0.2%	$32.19	-2.2%	COM	91913Y100
JFBC	JEFFERSONVILLE BANCORP	30,006	$396K	0.2%	$11.22	+12.6%	COM	47559A103
HON	HONEYWELL INTERNATIONAL	3,835	$383K	0.2%	$54.22	+25.9%	COM	438516106
TEVA	TEVA PHARM INDS LTD ADRF	6,386	$367K	0.2%	$39.56	—	COM	881624209
—	MONSANTO CO NEW DEL	2,922	$349K	0.1%	$106.24	—	COM	61166W101
RSG	REPUBLIC SERVICES INC	8,420	$339K	0.1%	$26.37	+21.3%	COM	760759100
EQT	EQT CORPORATION	4,450	$337K	0.1%	$52.61	-17.5%	COM	26884L109
AZN	ASTRAZENECA PLC	4,263	$300K	0.1%	$48.13	—	COM	046353108
ALCO	ALICO INC	5,952	$298K	0.1%	$36.45	-8.4%	COM	016230104
KMB	KIMBERLY-CLARK CORP	2,525	$292K	0.1%	$63.18	+20.4%	COM	494368103
EPD	ENTERPRISE PRD PRTNRS LP	8,079	$292K	0.1%	$36.14	—	COM	293792107
MDU	M D U RESOURCES GROUP	11,946	$281K	0.1%	$6.58	+4.0%	COM	552690109
—	ENERGEN CORPORATION	4,200	$268K	0.1%	$88.81	—	COM	29265N108
WKC	WORLD FUEL SERVICES CORP	5,624	$264K	0.1%	$44.73	-3.3%	COM	981475106
MTB	M & T BANK CORP	2,076	$261K	0.1%	$73.77	+22.0%	COM	55261F104
—	ADT CORP COM	7,110	$258K	0.1%	$39.83	—	COM	00101J106
AMT	AMERICAN TOWER REIT	2,565	$254K	0.1%	$75.17	0.0%	COM	03027X100
AXP	AMERICAN EXPRESS COMPANY	2,645	$246K	0.1%	$76.49	-0.1%	COM	025816109
CAG	CONAGRA FOODS INC	6,650	$241K	0.1%	$17.69	+5.9%	COM	205887102
SLB	SCHLUMBERGER LTD F	2,687	$229K	0.1%	$52.90	+27.3%	COM	806857108
META	FACEBOOK INC	2,780	$217K	0.1%	$72.85	+4.2%	COM	30303M102
—	KINDER MORGAN ENERGY LP	5,110	$216K	0.1%	$67.38	—	COM	494550106
PM	PHILIP MORRIS INTL INC	2,648	$216K	0.1%	$48.20	+2.1%	COM	718172109
OXY	OCCIDENTAL PETE CORP	2,631	$212K	0.1%	$57.83	+2.5%	COM	674599105
—	ALTEVA COM	29,155	$206K	0.1%	$9.88	—	COM	02153V102
—	NEW YORK COMNTY BANCORP	11,790	$189K	0.1%	$14.20	—	COM	649445103
—	TWO HBRS INVT CORP COM	12,000	$120K	0.0%	$9.75	—	COM	90187B101
—	BLUE CALYPSO INC	60,000	$10,000	0.0%	$0.12	—	COM	09531B203
—	WOLDS INC	50,000	$7,000	0.0%	$0.22	—	COM	98159J101
—	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
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	0.0%	COM	00737M200
—	WESTMONT RESOURCES INC COM PAR	147,750	$0	0.0%	—	—	COM	96081P302
—	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