Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OBT	ORANGE CNTY BANCORP INC	478,073	$22.23M	6.9%	$46.50 *	$10.78	+8.9%	COM	68417L107
MDT	MEDTRONIC PLC	239,158	$17.72M	5.5%	$74.10 *	$58.21	-1.6%	COM	G5960L103
ISRG	INTUITIVE SURGICAL INC NEW	33,310	$16.14M	5.0%	$484.51 *	$56.31	-4.4%	COM	46120E602
JNJ	JOHNSON & JOHNSON	89,615	$8.734M	2.7%	$97.46 *	$59.91	+21.5%	COM	478160104
—	STERLING BANCORP DEL COM	573,999	$8.438M	2.6%	$14.70	$13.37	—	COM	85917A100
HD	HOME DEPOT INC	72,285	$8.033M	2.5%	$111.13 *	$56.17	+54.4%	COM	437076102
—	GENERAL ELECTRIC COMPANY	257,638	$6.845M	2.1%	$26.57	$23.46	—	COM	369604103
CVS	C V S CORP DEL	64,122	$6.725M	2.1%	$104.88 *	$41.92	+84.4%	COM	126650100
XOM	EXXON MOBIL CORPORATION	79,762	$6.636M	2.1%	$83.20 *	$53.81	-2.0%	COM	30231G102
MSFT	MICROSOFT CORP	139,764	$6.171M	1.9%	$44.15 *	$27.35	+39.5%	COM	594918104
INTC	INTEL CORP	187,358	$5.698M	1.8%	$30.41 *	$17.49	+35.3%	COM	458140100
JPM	JP MORGAN CHASE & CO	83,676	$5.67M	1.8%	$67.76 *	$37.31	+36.7%	COM	46625H100
LLY	ELI LILLY & COMPANY	66,435	$5.547M	1.7%	$83.50 *	$59.43	+16.9%	COM	532457108
TMO	THERMO ELECTRON CORP	42,196	$5.475M	1.7%	$129.75 *	$79.76	+57.7%	COM	883556102
ORCL	ORACLE CORPORATION	134,570	$5.423M	1.7%	$40.30 *	$28.21	+21.9%	COM	68389X105
PEP	PEPSICO INCORPORATED	57,488	$5.366M	1.7%	$93.34 *	$56.38	+20.7%	COM	713448108
PFE	PFIZER INCORPORATED	159,391	$5.344M	1.7%	$33.53 *	$16.61	+22.5%	COM	717081103
CVX	CHEVRONTEXACO CORP	53,177	$5.13M	1.6%	$96.47 *	$71.15	-13.8%	COM	166764100
CSCO	CISCO SYSTEMS INC	162,993	$4.476M	1.4%	$27.46 *	$15.53	+27.2%	COM	17275R102
PG	PROCTER & GAMBLE CO	55,528	$4.344M	1.4%	$78.23 *	$55.04	+6.1%	COM	742718109
WFC	WELLS FARGO & CO NEW	76,144	$4.282M	1.3%	$56.24 *	$30.19	+38.6%	COM	949746101
AAPL	APPLE COMPUTER INC	33,694	$4.226M	1.3%	$125.42 *	$21.73	+29.0%	COM	037833100
—	ALLERGAN INC	13,819	$4.194M	1.3%	$303.50	$303.50	—	COM	G0177J108
BA	BOEING CO	30,184	$4.187M	1.3%	$138.72 *	$86.88	+41.4%	COM	097023105
—	EXPRESS SCRIPTS A	47,068	$4.186M	1.3%	$88.94	$66.04	—	COM	30219G108
VZ	VERIZON COMMUNICATIONS	83,431	$3.889M	1.2%	$46.61 *	$27.01	-0.1%	COM	92343V104
BMY	BRISTOL-MYERS SQUIBB CO	56,646	$3.769M	1.2%	$66.54 *	$29.10	+59.6%	COM	110122108
WMT	WAL-MART STORES INC	53,102	$3.766M	1.2%	$70.92 *	$20.01	-3.0%	COM	931142103
BAC	BANKAMERICA CORP	213,456	$3.633M	1.1%	$17.02 *	$10.46	+30.0%	COM	060505104
COP	CONOCOPHILLIPS	58,738	$3.607M	1.1%	$61.41 *	$40.86	+7.6%	COM	20825C104
—	KRAFT FOODS GROUP INC COM	41,835	$3.562M	1.1%	$85.14	$58.63	—	COM	50075N104
HAL	HALLIBURTON COMPANY	82,574	$3.556M	1.1%	$43.06 *	$33.51	+5.0%	COM	406216101
MRK	MERCK & CO INC	61,205	$3.484M	1.1%	$56.92 *	$30.35	+29.2%	COM	58933Y105
—	CHUBB CORPORATION	36,506	$3.473M	1.1%	$95.14	$86.56	—	COM	171232101
T	AT & T INC	94,338	$3.351M	1.0%	$35.52 *	$11.48	+10.6%	COM	00206R102
RMD	RESMED INC	55,150	$3.223M	1.0%	$58.44 *	$55.86	-11.2%	COM	761152107
GS	GOLDMAN SACHS GROUP INC	15,390	$3.213M	1.0%	$208.77 *	$124.47	+35.8%	COM	38141G104
BK	THE BANK OF NY MELLON CORP	68,873	$2.891M	0.9%	$41.98 *	$22.29	+44.6%	COM	064058100
EMR	EMERSON ELECTRIC CO	50,319	$2.789M	0.9%	$55.43 *	$40.33	+3.8%	COM	291011104
ADP	AUTO DATA PROCESSING	34,497	$2.768M	0.9%	$80.24 *	$46.51	+37.4%	COM	053015103
—	DOW CHEMICAL COMPANY	51,299	$2.625M	0.8%	$51.17	$35.53	—	COM	260543103
—	3M COMPANY	16,800	$2.592M	0.8%	$154.29	$110.95	—	COM	885794101
—	TIME WARNER INC	28,745	$2.513M	0.8%	$87.42	$60.29	—	COM	00184A105
KO	COCA COLA COMPANY	63,845	$2.505M	0.8%	$39.24 *	$29.10	-3.1%	COM	191216100
IBM	INTL BUSINESS MACHINES	14,136	$2.299M	0.7%	$162.63 *	$115.39	-13.4%	COM	459200101
—	CITRIX SYSTEMS INC	32,330	$2.268M	0.7%	$70.15	$60.37	—	COM	177376100
CAH	CARDINAL HEALTH INC	25,180	$2.106M	0.7%	$83.64 *	$32.61	+91.2%	COM	14149Y108
GLW	CORNING INC	103,265	$2.037M	0.6%	$19.73 *	$12.07	+23.6%	COM	219350105
MET	METLIFE INC	35,969	$2.014M	0.6%	$55.99 *	$28.27	+23.8%	COM	59156R108
PNC	PNC FINANCIAL SERVICES	21,009	$2.01M	0.6%	$95.67 *	$52.57	+30.3%	COM	693475105
DIS	DISNEY WALT HOLDING CO	17,578	$2.006M	0.6%	$114.12 *	$83.04	+25.2%	COM	254687106
PFF	ISHARES TR S&P US PFD STK INDE	50,987	$1.997M	0.6%	$39.17	$39.81	-1.6%	COM	464288687
—	E M C CORP MASS	75,515	$1.993M	0.6%	$26.39	$24.87	—	COM	268648102
—	ST JUDE MEDICAL INC	27,000	$1.973M	0.6%	$73.07	$68.94	—	COM	790849103
NVEC	NVE CORP	25,000	$1.96M	0.6%	$78.40	$66.44	+18.0%	COM	629445206
SYY	SYSCO CORPORATION	49,373	$1.782M	0.6%	$36.09 *	$24.67	+11.5%	COM	871829107
QCOM	QUALCOMM INC	27,774	$1.74M	0.5%	$62.65 *	$49.68	-6.6%	COM	747525103
PSX	PHILLIPS 66	19,725	$1.589M	0.5%	$80.56 *	$40.67	+34.2%	COM	718546104
TD	TORONTO DOMINION BK	35,550	$1.511M	0.5%	$42.50	$45.00	-5.5%	COM	891160509
VLO	VALERO ENERGY CORP	24,055	$1.506M	0.5%	$62.61 *	$36.30	+14.0%	COM	91913Y100
AMGN	AMGEN INC COM	9,151	$1.405M	0.4%	$153.54 *	$90.96	+24.2%	COM	031162100
—	ABBVIE INC COM	20,665	$1.388M	0.4%	$67.17	$42.68	—	COM	002874109
MDLZ	MONDELEZ INTL INC CL A	33,710	$1.387M	0.4%	$41.15 *	$23.16	+40.3%	COM	609207105
—	ROYAL DUTCH SHELL SPON ADR	23,868	$1.361M	0.4%	$57.02	$65.11	—	COM	780259206
—	PRECISION CASTPARTS CORP	6,620	$1.323M	0.4%	$199.85	$225.58	—	COM	740189105
MO	ALTRIA GROUP INC	24,057	$1.177M	0.4%	$48.93 *	$18.29	+34.4%	COM	02209S103
—	ATRION CORP	3,000	$1.177M	0.4%	$392.33	$361.11	—	COM	049904105
—	RAYTHEON COMPANY NEW	11,640	$1.114M	0.3%	$95.70	$87.69	—	COM	755111507
—	UNITED TECHNOLOGIES CORP	9,869	$1.095M	0.3%	$110.95	$101.28	—	COM	913017109
NOC	NORTHROP GRUMMAN CORP	6,805	$1.079M	0.3%	$158.56 *	$63.97	+109.1%	COM	666807102
NKE	NIKE INC CLASS B	9,940	$1.074M	0.3%	$108.05 *	$37.22	+27.1%	COM	654106103
CAT	CATERPILLAR INC	12,422	$1.054M	0.3%	$84.85 *	$63.59	+2.3%	COM	149123101
—	BERKSHIRE BANCP INC DEL	132,549	$1.027M	0.3%	$7.75	$7.95	—	COM	084597202
—	DU PONT E I DE NEMOUR&CO	14,824	$948K	0.3%	$63.95	$56.73	—	COM	263534109
NSC	NORFOLK SOUTHERN CORP	10,817	$945K	0.3%	$87.36 *	$68.74	+1.4%	COM	655844108
CMC	COMMERCIAL METALS CO	57,978	$932K	0.3%	$16.08 *	$11.15	+15.7%	COM	201723103
SBUX	STARBUCKS CORP	16,885	$905K	0.3%	$53.60 *	$40.92	+5.8%	COM	855244109
IFF	INTL FLAVOR & FRAGRANCES	8,240	$901K	0.3%	$109.34 *	$58.18	+45.8%	COM	459506101
JAZZ	JAZZ PHARMACEUTICALS	5,000	$880K	0.3%	$176.00	$179.59	-2.0%	COM	G50871105
NVS	NOVARTIS A G SPON ADR	8,565	$842K	0.3%	$98.31	$85.60	+14.9%	COM	66987V109
ABT	ABBOTT LABORATORIES	17,074	$838K	0.3%	$49.08 *	$29.00	+38.7%	COM	002824100
LOW	LOWES COMPANIES INC	10,875	$728K	0.2%	$66.94 *	$34.99	+58.0%	COM	548661107
PPL	PPL CORPORATION	24,455	$721K	0.2%	$29.48 *	$17.17	+7.6%	COM	69351T106
MCD	MCDONALDS CORP	7,355	$699K	0.2%	$95.04 *	$71.80	+2.1%	COM	580135101
USB	US BANCORP DEL NEW	15,925	$691K	0.2%	$43.39 *	$26.15	+14.2%	COM	902973304
—	NEXTERA ENERGY INC.	6,951	$681K	0.2%	$97.97	$82.80	—	COM	302571104
DUK	DUKE ENERGY CORPORATION	9,566	$676K	0.2%	$70.67 *	$44.18	+3.5%	COM	26441C204
UNH	UNITED HEALTHCARE CORP	5,470	$667K	0.2%	$121.94 *	$99.59	+3.5%	COM	91324P102
—	CELGENE CORP	5,750	$665K	0.2%	$115.65	$115.65	—	COM	151020104
BP	BP PLC ADR	16,534	$661K	0.2%	$39.98	$43.77	-8.7%	COM	055622104
KMX	CARMAX INC	9,319	$617K	0.2%	$66.21	$71.28	-7.1%	COM	143130102
FDX	FEDEX CORPORATION	3,609	$615K	0.2%	$170.41 *	$148.37	-2.0%	COM	31428X106
ITW	ILLINOIS TOOL WORKS INC	6,688	$614K	0.2%	$91.81 *	$52.93	+35.5%	COM	452308109
—	BLACKROCK INC	1,638	$567K	0.2%	$346.15	$259.62	—	COM	09247X101
TEVA	TEVA PHARM INDS LTD ADRF	9,436	$558K	0.2%	$59.14	$46.18	+28.0%	COM	881624209
—	SPECTRA ENERGY CORP	16,833	$549K	0.2%	$32.61	$35.08	—	COM	847560109
CMCSA	COMCAST CORP NEW CL A	8,789	$529K	0.2%	$60.19 *	$16.83	+40.5%	COM	20030N101
—	SUNTRUST BANKS INC	12,200	$525K	0.2%	$43.03	$43.03	—	COM	867914103
CL	COLGATE-PALMOLIVE CO	7,963	$521K	0.2%	$65.43 *	$45.65	+12.0%	COM	194162103
SCHW	THE CHARLES SCHWAB CORP	15,796	$516K	0.2%	$32.67 *	$18.94	+51.5%	COM	808513105
SO	THE SOUTHERN COMPANY	12,278	$514K	0.2%	$41.86 *	$26.55	+1.3%	COM	842587107
LMT	LOCKHEED MARTIN CORP	2,715	$505K	0.2%	$186.00 *	$124.11	+13.0%	COM	539830109
—	HARRIS CORP DEL	6,087	$468K	0.1%	$76.89	$76.89	—	COM	413875105
META	FACEBOOK INC CL A	5,095	$437K	0.1%	$85.77	$76.92	+10.7%	COM	30303M102
KMB	KIMBERLY-CLARK CORP	4,075	$432K	0.1%	$106.01 *	$68.09	+9.0%	COM	494368103
GILD	GILEAD SCIENCES INC	3,681	$431K	0.1%	$117.09 *	$75.98	+7.4%	COM	375558103
—	TOTAL FINA ELF S A ADR	8,763	$431K	0.1%	$49.18	$67.02	—	COM	89151E109
JFBC	JEFFERSONVILLE BANCORP	30,006	$419K	0.1%	$13.96	$11.22	+23.8%	COM	47559A103
AMT	AMERN TOWER CORP CLASS A	4,425	$413K	0.1%	$93.33 *	$74.78	-3.4%	COM	03027X100
WMB	WILLIAMS COMPANIES	6,275	$360K	0.1%	$57.37 *	$28.07	+12.4%	COM	969457100
—	TYCO INTL LTD NEW	9,248	$356K	0.1%	$38.49	$33.22	—	COM	902124106
HON	HONEYWELL INTERNATIONAL	3,485	$355K	0.1%	$101.87 *	$54.51	+35.1%	COM	438516106
TROW	PRICE T ROWE GROUP INC	4,540	$353K	0.1%	$77.75 *	$55.11	-3.1%	COM	74144T108
BCPC	BALCHEM CORP	6,030	$336K	0.1%	$55.72 *	$43.71	+20.3%	COM	057665200
—	GOOGLE INC CLASS C	626	$326K	0.1%	$520.77	$520.77	—	COM	38259P706
DRI	DARDEN RESTAURANTS INC	4,415	$314K	0.1%	$71.12 *	$30.65	+53.1%	COM	237194105
—	MONSANTO CO NEW DEL	2,947	$314K	0.1%	$106.55	$106.24	—	COM	61166W101
EQT	EQT CORPORATION	3,750	$305K	0.1%	$81.33 *	$52.61	-22.7%	COM	26884L109
CSX	C S X CORP	8,850	$289K	0.1%	$32.66 *	$9.83	-5.8%	COM	126408103
—	ENERGEN CORPORATION	4,200	$287K	0.1%	$68.33	$88.81	—	COM	29265N108
ALCO	ALICO INC	5,952	$270K	0.1%	$45.36 *	$36.45	+5.4%	COM	016230104
WKC	WORLD FUEL SERVICES CORP	5,585	$268K	0.1%	$47.99	$44.73	+7.2%	COM	981475106
—	JOHNSON CONTROLS INC	5,345	$265K	0.1%	$49.58	$49.58	—	COM	478366107
DG	DOLLAR GENERAL CORPORATION	3,415	$265K	0.1%	$77.60 *	$65.84	+3.3%	COM	256677105
IYW	ISHARES TR DOW JONES US TECH S	2,450	$256K	0.1%	$104.49 *	$26.28	-0.4%	COM	464287721
CAG	CONAGRA FOODS INC	5,850	$256K	0.1%	$43.76 *	$17.69	+33.7%	COM	205887102
AXP	AMERICAN EXPRESS COMPANY	3,270	$254K	0.1%	$77.68 *	$74.62	-10.3%	COM	025816109
—	MAXIM INTEGRATED PRODS	7,325	$253K	0.1%	$34.54	$34.82	—	COM	57772K101
—	ANADARKO PETROLEUM CORP	3,215	$251K	0.1%	$78.07	$82.93	—	COM	032511107
EPD	ENTERPRISE PRD PRTNRS LP	8,247	$246K	0.1%	$29.83	$36.10	—	COM	293792107
MTB	M & T BANK CORP	1,931	$241K	0.1%	$124.81 *	$73.77	+26.1%	COM	55261F104
MDU	M D U RESOURCES GROUP	11,946	$233K	0.1%	$19.50 *	$6.58	-18.1%	COM	552690109
YUM	YUM! BRANDS, INC.	2,571	$232K	0.1%	$90.24 *	$44.53	+19.3%	COM	988498101
UPS	UNITED PARCEL SERVICE B	2,306	$223K	0.1%	$96.70 *	$69.40	-4.5%	COM	911312106
—	ALPS ALERIAN MLP ETF	13,800	$215K	0.1%	$15.58	$16.51	—	COM	00162Q866
CSWC	CAPITAL SOUTHWEST CORP	4,132	$206K	0.1%	$49.85 *	$6.34	+1.8%	COM	140501107
OXY	OCCIDENTAL PETE CORP	2,631	$205K	0.1%	$77.92 *	$56.86	+0.1%	COM	674599105
—	KINDER MORGAN ENERGY LP	5,291	$203K	0.1%	$38.37	$66.52	—	COM	494550106
AZN	ASTRAZENECA PLC ADR	3,188	$203K	0.1%	$63.68	$48.13	—	COM	046353108
—	ARIAD PHARMACEUTICALS INC	20,000	$165K	0.1%	$8.25	$8.25	—	COM	04033A100
—	REXAHN PHARMACEUTICALS INC	200,000	$122K	0.0%	$0.61	$0.61	—	COM	761640101
—	BLUE CALYPSO INC	60,000	$7,000	0.0%	$0.12	$0.12	—	COM	09531B302
—	WOLDS INC	50,000	$6,000	0.0%	$0.12	$0.22	—	COM	98159J101
—	DISCOVERY CORP ENTERPRISES INC	34,000	$2,000	0.0%	$0.06	$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	+900.0%	COM	00737M200
—	AIMGLOBAL TECHNOLOGIES INC	41,000	$0	0.0%	$0.00	—	—	COM	00900N100