Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OBT	ORANGE CNTY BANCORP INC	386,294	$17.19M	5.8%	$44.50 *	$10.64	+4.5%	COM	68417L107
MDT	MEDTRONIC PLC	203,156	$15.84M	5.4%	$77.99 *	$58.10	+3.3%	COM	G5960L103
ISRG	INTUITIVE SURGICAL NEW	18,330	$9.257M	3.1%	$505.02 *	$56.60	-0.9%	COM	46120E602
JNJ	JOHNSON & JOHNSON	91,027	$9.157M	3.1%	$100.60 *	$59.91	+24.5%	COM	478160104
HD	HOME DEPOT INC	73,420	$8.341M	2.8%	$113.61 *	$56.17	+57.1%	COM	437076102
—	STERLING BANCORP DEL COM	598,899	$8.031M	2.7%	$13.41	$13.37	—	COM	85917A100
XOM	EXXON MOBIL CORPORATION	83,289	$7.08M	2.4%	$85.01 *	$53.81	-0.7%	COM	30231G102
CVS	C V S CORP DEL	65,477	$6.758M	2.3%	$103.21 *	$41.92	+80.8%	COM	126650100
—	GENERAL ELECTRIC COMPANY	262,036	$6.501M	2.2%	$24.81	$23.46	—	COM	369604103
TMO	THERMO ELECTRON CORP	44,281	$5.949M	2.0%	$134.35 *	$79.76	+63.1%	COM	883556102
INTC	INTEL CORP	189,502	$5.926M	2.0%	$31.27 *	$17.49	+38.1%	COM	458140100
MSFT	MICROSOFT CORP	143,870	$5.849M	2.0%	$40.65 *	$27.35	+27.6%	COM	594918104
CVX	CHEVRONTEXACO CORP	54,267	$5.697M	1.9%	$104.98 *	$71.15	-7.1%	COM	166764100
PFE	PFIZER INCORPORATED	160,972	$5.6M	1.9%	$34.79 *	$16.61	+26.0%	COM	717081103
ORCL	ORACLE CORPORATION	128,004	$5.523M	1.9%	$43.15 *	$27.76	+32.1%	COM	68389X105
PEP	PEPSICO INCORPORATED	57,167	$5.466M	1.8%	$95.61 *	$56.38	+22.7%	COM	713448108
JPM	JP MORGAN CHASE & CO	83,374	$5.051M	1.7%	$60.58 *	$37.31	+21.4%	COM	46625H100
VZ	VERIZON COMMUNICATIONS	99,612	$4.844M	1.6%	$48.63 *	$27.01	+3.1%	COM	92343V104
PG	PROCTER & GAMBLE CO	58,427	$4.788M	1.6%	$81.95 *	$55.04	+10.3%	COM	742718109
WMT	WAL-MART STORES INC	57,161	$4.701M	1.6%	$82.24 *	$20.01	+11.8%	COM	931142103
CSCO	CISCO SYSTEMS INC	163,007	$4.487M	1.5%	$27.53 *	$15.53	+27.5%	COM	17275R102
BA	BOEING CO	29,154	$4.375M	1.5%	$150.07 *	$85.40	+54.7%	COM	097023105
—	ACTAVIS PLC	13,864	$4.126M	1.4%	$297.61	$131.27	—	COM	00507K103
WFC	WELLS FARGO & CO NEW	72,377	$3.937M	1.3%	$54.40 *	$29.61	+35.8%	COM	949746101
—	EXPRESS SCRIPTS A	45,256	$3.927M	1.3%	$86.77	$65.13	—	COM	30219G108
HAL	HALLIBURTON COMPANY	85,323	$3.744M	1.3%	$43.88 *	$33.51	+6.5%	COM	406216101
—	CHUBB CORPORATION	36,766	$3.717M	1.3%	$101.10	$86.56	—	COM	171232101
BMY	BRISTOL-MYERS SQUIBB CO	57,218	$3.691M	1.2%	$64.51 *	$29.10	+53.8%	COM	110122108
COP	CONOCOPHILLIPS	57,888	$3.604M	1.2%	$62.26 *	$40.78	+8.1%	COM	20825C104
—	KRAFT FOODS GROUP INC COM	41,117	$3.582M	1.2%	$87.12	$58.16	—	COM	50075N104
MRK	MERCK & CO INC	61,004	$3.507M	1.2%	$57.49 *	$30.35	+29.4%	COM	58933Y105
EMR	EMERSON ELECTRIC CO	61,593	$3.487M	1.2%	$56.61 *	$40.33	+5.2%	COM	291011104
AAPL	APPLE COMPUTER INC	27,544	$3.427M	1.2%	$124.42 *	$20.21	+37.0%	COM	037833100
BAC	BANKAMERICA CORP	221,104	$3.403M	1.2%	$15.39 *	$10.46	+17.2%	COM	060505104
ADP	AUTO DATA PROCESSING	35,832	$3.069M	1.0%	$85.65 *	$46.51	+45.8%	COM	053015103
—	3M COMPANY	16,972	$2.8M	0.9%	$164.98	$110.95	—	COM	885794101
GS	GOLDMAN SACHS GROUP INC	14,875	$2.796M	0.9%	$187.97 *	$123.08	+23.2%	COM	38141G104
BK	THE BANK OF NY MELLON CORP	69,424	$2.794M	0.9%	$40.25 *	$22.29	+38.1%	COM	064058100
CAH	CARDINAL HEALTH INC	30,675	$2.769M	0.9%	$90.27 *	$32.61	+105.4%	COM	14149Y108
T	AT & T INC	83,887	$2.739M	0.9%	$32.65 *	$11.39	+0.6%	COM	00206R102
KO	COCA COLA COMPANY	66,220	$2.685M	0.9%	$40.55 *	$29.10	-0.7%	COM	191216100
—	CITRIX SYSTEMS INC	38,505	$2.459M	0.8%	$63.86	$60.37	—	COM	177376100
IBM	INTL BUSINESS MACHINES	15,272	$2.451M	0.8%	$160.49 *	$115.39	-15.2%	COM	459200101
—	DOW CHEMICAL COMPANY	49,354	$2.368M	0.8%	$47.98	$34.91	—	COM	260543103
—	TIME WARNER INC	26,915	$2.273M	0.8%	$84.45	$58.45	—	COM	00184A105
SYY	SYSCO CORPORATION	60,198	$2.271M	0.8%	$37.73 *	$24.67	+15.6%	COM	871829107
LLY	ELI LILLY & COMPANY	31,245	$2.27M	0.8%	$72.65 *	$55.20	+8.7%	COM	532457108
GLW	CORNING INC	92,909	$2.107M	0.7%	$22.68 *	$11.62	+46.7%	COM	219350105
QCOM	QUALCOMM INC	27,744	$1.924M	0.7%	$69.35 *	$49.68	+2.7%	COM	747525103
PNC	PNC FINANCIAL SERVICES	20,534	$1.915M	0.6%	$93.26 *	$52.23	+27.2%	COM	693475105
—	E M C CORP MASS	73,440	$1.877M	0.6%	$25.56	$24.83	—	COM	268648102
MET	METLIFE INC	36,969	$1.869M	0.6%	$50.56 *	$28.27	+11.0%	COM	59156R108
—	ROYAL DUTCH SHELL SPON ADR	31,243	$1.864M	0.6%	$59.66	$65.11	—	COM	780259206
NVEC	NVE CORP	25,000	$1.723M	0.6%	$68.92	$66.44	+3.7%	COM	629445206
PFF	ISHARES TR S&P US PFD STK INDE	42,100	$1.689M	0.6%	$40.12	$39.84	+0.7%	COM	464288687
—	PRECISION CASTPARTS CORP	7,970	$1.674M	0.6%	$210.04	$225.58	—	COM	740189105
PSX	PHILLIPS 66	19,750	$1.552M	0.5%	$78.58 *	$40.67	+30.1%	COM	718546104
TD	TORONTO DOMINION BK	34,850	$1.493M	0.5%	$42.84	$45.00	-4.8%	COM	891160509
RMD	RESMED INC	20,000	$1.436M	0.5%	$71.80 *	$56.74	+10.7%	COM	761152107
MDLZ	MONDELEZ INTL INC CL A	39,760	$1.435M	0.5%	$36.09 *	$23.16	+22.6%	COM	609207105
AMGN	AMGEN INC COM	8,185	$1.308M	0.4%	$159.80 *	$87.82	+33.3%	COM	031162100
IFF	INTL FLAVOR & FRAGRANCES	10,825	$1.271M	0.4%	$117.41 *	$58.18	+56.0%	COM	459506101
MO	ALTRIA GROUP INC	25,157	$1.258M	0.4%	$50.01 *	$18.29	+36.0%	COM	02209S103
—	ABBVIE INC COM	20,590	$1.205M	0.4%	$58.52	$42.68	—	COM	002874109
NOC	NORTHROP GRUMMAN CORP	7,255	$1.168M	0.4%	$160.99 *	$63.97	+111.1%	COM	666807102
DIS	DISNEY WALT HOLDING CO	10,873	$1.14M	0.4%	$104.85 *	$72.59	+31.6%	COM	254687106
—	BERKSHIRE BANCP INC DEL	132,849	$1.116M	0.4%	$8.40	$7.95	—	COM	084597202
CAT	CATERPILLAR INC	13,492	$1.08M	0.4%	$80.05 *	$63.59	-4.3%	COM	149123101
NSC	NORFOLK SOUTHERN CORP	10,342	$1.064M	0.4%	$102.88 *	$68.34	+18.8%	COM	655844108
—	RAYTHEON COMPANY NEW	9,660	$1.055M	0.4%	$109.21	$86.04	—	COM	755111507
—	UNITED TECHNOLOGIES CORP	8,729	$1.023M	0.3%	$117.20	$100.02	—	COM	913017109
—	DU PONT E I DE NEMOUR&CO	14,149	$1.011M	0.3%	$71.45	$56.39	—	COM	263534109
—	ST JUDE MEDICAL INC	14,500	$948K	0.3%	$65.38	$65.38	—	COM	790849103
CMC	COMMERCIAL METALS CO	58,318	$944K	0.3%	$16.19 *	$11.15	+15.7%	COM	201723103
MCD	MCDONALDS CORP	9,460	$922K	0.3%	$97.46 *	$71.80	+3.7%	COM	580135101
ABT	ABBOTT LABORATORIES	17,499	$811K	0.3%	$46.35 *	$29.00	+30.3%	COM	002824100
LOW	LOWES COMPANIES INC	10,850	$807K	0.3%	$74.38 *	$34.99	+74.9%	COM	548661107
NVS	NOVARTIS A G SPON ADR	8,065	$795K	0.3%	$98.57	$84.56	+16.6%	COM	66987V109
NKE	NIKE INC CLASS B	7,755	$778K	0.3%	$100.32 *	$35.09	+24.9%	COM	654106103
VLO	VALERO ENERGY CORP	11,940	$760K	0.3%	$63.65 *	$33.63	+24.3%	COM	91913Y100
PPL	PPL CORPORATION	22,455	$756K	0.3%	$33.67 *	$16.97	+14.4%	COM	69351T106
—	NEXTERA ENERGY INC.	6,950	$723K	0.2%	$104.03	$82.80	—	COM	302571104
—	ATRION CORP	2,000	$691K	0.2%	$345.50	$345.50	—	COM	049904105
BP	BP PLC ADR	17,109	$669K	0.2%	$39.10	$43.77	-10.7%	COM	055622104
ITW	ILLINOIS TOOL WORKS INC	6,888	$669K	0.2%	$97.13 *	$52.93	+42.6%	COM	452308109
DUK	DUKE ENERGY CORPORATION	8,673	$666K	0.2%	$76.79 *	$43.71	+12.6%	COM	26441C204
USB	US BANCORP DEL NEW	15,150	$662K	0.2%	$43.70 *	$25.96	+15.1%	COM	902973304
—	BLACKROCK INC	1,638	$599K	0.2%	$365.69	$259.62	—	COM	09247X101
—	TYCO INTL LTD NEW	13,823	$595K	0.2%	$43.04	$33.22	—	COM	902124106
—	SPECTRA ENERGY CORP	16,452	$595K	0.2%	$36.17	$35.14	—	COM	847560109
—	TOTAL FINA ELF S A ADR	11,638	$578K	0.2%	$49.66	$67.02	—	COM	89151E109
CL	COLGATE-PALMOLIVE CO	8,013	$556K	0.2%	$69.39 *	$45.65	+18.1%	COM	194162103
SO	THE SOUTHERN COMPANY	12,278	$544K	0.2%	$44.31 *	$26.55	+5.7%	COM	842587107
DRI	DARDEN RESTAURANTS INC	7,190	$528K	0.2%	$73.44 *	$30.65	+48.1%	COM	237194105
CMCSA	COMCAST CORP NEW CL A	8,789	$496K	0.2%	$56.43 *	$16.83	+31.3%	COM	20030N101
LMT	LOCKHEED MARTIN CORP	2,345	$476K	0.2%	$202.99 *	$120.88	+25.7%	COM	539830109
SCHW	THE CHARLES SCHWAB CORP	15,571	$474K	0.2%	$30.44 *	$18.81	+41.9%	COM	808513105
TEVA	TEVA PHARM INDS LTD ADRF	7,036	$438K	0.1%	$62.25	$40.89	+52.4%	COM	881624209
JFBC	JEFFERSONVILLE BANCORP	30,006	$394K	0.1%	$13.13	$11.22	+18.1%	COM	47559A103
AMT	AMERICAN TOWER REIT	3,980	$375K	0.1%	$94.22 *	$74.98	-3.6%	COM	03027X100
BCPC	BALCHEM CORP	6,530	$362K	0.1%	$55.44 *	$43.71	+19.5%	COM	057665200
KMB	KIMBERLY-CLARK CORP	3,350	$359K	0.1%	$107.16 *	$66.42	+12.0%	COM	494368103
HON	HONEYWELL INTERNATIONAL	3,435	$358K	0.1%	$104.22 *	$54.22	+38.3%	COM	438516106
—	MONSANTO CO NEW DEL	2,947	$332K	0.1%	$112.66	$106.24	—	COM	61166W101
WKC	WORLD FUEL SERVICES CORP	5,624	$323K	0.1%	$57.43	$44.73	+28.5%	COM	981475106
AXP	AMERICAN EXPRESS COMPANY	4,020	$314K	0.1%	$78.11 *	$74.62	-10.2%	COM	025816109
EQT	EQT CORPORATION	3,750	$311K	0.1%	$82.93 *	$52.61	-21.2%	COM	26884L109
ALCO	ALICO INC	5,952	$305K	0.1%	$51.24 *	$36.45	+19.0%	COM	016230104
—	ANADARKO PETROLEUM CORP	3,340	$277K	0.1%	$82.93	$82.93	—	COM	032511107
—	ENERGEN CORPORATION	4,200	$277K	0.1%	$65.95	$88.81	—	COM	29265N108
EPD	ENTERPRISE PRD PRTNRS LP	8,188	$270K	0.1%	$32.98	$36.10	—	COM	293792107
IYW	ISHARES TR DOW JONES US TECH S	2,550	$268K	0.1%	$105.10 *	$26.28	-0.1%	COM	464287721
AZN	ASTRAZENECA PLC	3,913	$268K	0.1%	$68.49	$48.13	—	COM	046353108
—	MAXIM INTEGRATED PRODS	7,525	$262K	0.1%	$34.82	$34.82	—	COM	57772K101
MTB	M & T BANK CORP	2,006	$255K	0.1%	$127.12 *	$73.77	+27.4%	COM	55261F104
MDU	M D U RESOURCES GROUP	11,946	$255K	0.1%	$21.35 *	$6.58	-11.3%	COM	552690109
UPS	UNITED PARCEL SERVICE B	2,631	$255K	0.1%	$96.92 *	$69.40	-5.2%	COM	911312106
CAG	CONAGRA FOODS INC	6,250	$228K	0.1%	$36.48 *	$17.69	+11.0%	COM	205887102
—	KINDER MORGAN ENERGY LP	5,291	$223K	0.1%	$42.15	$66.52	—	COM	494550106
—	ALPS ALERIAN MLP ETF	13,100	$217K	0.1%	$16.56	$16.56	—	COM	00162Q866
META	FACEBOOK INC	2,580	$212K	0.1%	$82.17	$72.85	+12.1%	COM	30303M102
RSG	REPUBLIC SERVICES INC	5,210	$211K	0.1%	$40.50 *	$26.37	+27.3%	COM	760759100
YUM	YUM! BRANDS, INC.	2,571	$202K	0.1%	$78.57 *	$44.53	+3.7%	COM	988498101
NEU	NEWMARKET CORPORATION	419	$200K	0.1%	$477.33 *	$367.39	+6.1%	COM	651587107
—	TWO HBRS INVT CORP COM	12,000	$127K	0.0%	$10.58	$9.75	—	COM	90187B101
—	EMPIRE RESORTS INC CO NEW	11,570	$53,000	0.0%	$4.58	$4.58	—	COM	292052206
—	BLUE CALYPSO INC	60,000	$9,000	0.0%	$0.15	$0.12	—	COM	09531B203
—	WOLDS INC	50,000	$7,000	0.0%	$0.14	$0.22	—	COM	98159J101
—	DISCOVERY CORP ENTERPRISES INC	34,000	$3,000	0.0%	$0.09	$0.06	—	COM	25466Y109
—	BOREAL WATER COLLECTION INC CO	35,700	$0	0.0%	$0.00	—	—	COM	09971P100
—	CHIMERA ENERGY CORP COM	16,600	$0	0.0%	$0.00	$87.23	—	COM	167250109
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	$0.00	+88.5%	COM	00737M200
—	AIMGLOBAL TECHNOLOGIES INC	31,000	$0	0.0%	$0.00	—	—	COM	00900N100
—	WESTMONT RESOURCES INC COM PAR	30,000	$0	0.0%	$0.00	—	—	COM	96081P302