Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OBT	ORANGE CNTY BANCORP INC	473,673	$23.21M	7.5%	$10.78	+11.6%	COM	68417L107
MDT	MEDTRONIC PLC	238,633	$15.97M	5.2%	$58.21	-2.1%	COM	G5960L103
ISRG	INTUITIVE SURGICAL INC NEW	33,310	$15.31M	5.0%	$56.31	+0.6%	COM	46120E602
—	STERLING BANCORP DEL COM	570,600	$8.485M	2.8%	$13.37	—	COM	85917A100
RSG	REPUBLIC SERVICES INC	204,170	$8.412M	2.7%	$34.34	0.0%	COM	760759100
HD	HOME DEPOT INC	70,986	$8.198M	2.7%	$56.17	+61.0%	COM	437076102
JNJ	JOHNSON & JOHNSON	85,779	$8.007M	2.6%	$59.91	+21.0%	COM	478160104
—	GENERAL ELECTRIC COMPANY	251,385	$6.34M	2.1%	$23.46	—	COM	369604103
CVS	C V S CORP DEL	64,738	$6.246M	2.0%	$41.92	+85.6%	COM	126650100
MSFT	MICROSOFT CORP	137,389	$6.081M	2.0%	$27.35	+42.3%	COM	594918104
XOM	EXXON MOBIL CORPORATION	80,082	$5.954M	1.9%	$53.81	-8.8%	COM	30231G102
LLY	ELI LILLY & COMPANY	66,248	$5.544M	1.8%	$59.43	+18.6%	COM	532457108
PEP	PEPSICO INCORPORATED	57,553	$5.427M	1.8%	$56.38	+23.3%	COM	713448108
INTC	INTEL CORP	173,918	$5.242M	1.7%	$17.49	+29.3%	COM	458140100
JPM	JP MORGAN CHASE & CO	84,074	$5.126M	1.7%	$37.31	+33.0%	COM	46625H100
TMO	THERMO ELECTRON CORP	41,716	$5.101M	1.7%	$79.76	+58.4%	COM	883556102
PFE	PFIZER INCORPORATED	157,044	$4.933M	1.6%	$16.61	+24.0%	COM	717081103
ORCL	ORACLE CORPORATION	130,411	$4.71M	1.5%	$28.21	+16.7%	COM	68389X105
VZ	VERIZON COMMUNICATIONS	99,630	$4.335M	1.4%	$27.01	+0.0%	COM	92343V104
CSCO	CISCO SYSTEMS INC	164,388	$4.315M	1.4%	$15.53	+26.1%	COM	17275R102
CVX	CHEVRONTEXACO CORP	50,589	$3.99M	1.3%	$71.15	-24.3%	COM	166764100
—	CHUBB CORPORATION	32,491	$3.985M	1.3%	$86.56	—	COM	171232101
WFC	WELLS FARGO & CO NEW	77,240	$3.966M	1.3%	$30.34	+35.4%	COM	949746101
BA	BOEING CO	29,975	$3.925M	1.3%	$86.88	+42.0%	COM	097023105
—	EXPRESS SCRIPTS A	47,583	$3.852M	1.2%	$66.21	—	COM	30219G108
RMD	RESMED INC	64,360	$3.827M	1.2%	$54.66	-13.2%	COM	761152107
PG	PROCTER & GAMBLE CO	47,728	$3.434M	1.1%	$55.04	+2.4%	COM	742718109
AAPL	APPLE COMPUTER INC	31,128	$3.433M	1.1%	$21.73	+21.0%	COM	037833100
—	ALLERGAN INC	12,502	$3.398M	1.1%	$303.50	—	COM	G0177J108
BAC	BANKAMERICA CORP	213,607	$3.328M	1.1%	$10.46	+28.6%	COM	060505104
BMY	BRISTOL-MYERS SQUIBB CO	54,783	$3.243M	1.1%	$29.10	+53.0%	COM	110122108
MRK	MERCK & CO INC	62,960	$3.11M	1.0%	$30.58	+25.6%	COM	58933Y105
KHC	KRAFT HEINZ CO	41,397	$2.922M	0.9%	$47.82	0.0%	COM	500754106
WMT	WAL-MART STORES INC	44,417	$2.88M	0.9%	$20.01	-5.5%	COM	931142103
GS	GOLDMAN SACHS GROUP INC	16,310	$2.834M	0.9%	$126.41	+25.7%	COM	38141G104
BK	THE BANK OF NY MELLON CORP	69,985	$2.74M	0.9%	$22.44	+42.6%	COM	064058100
T	AT & T INC	83,640	$2.725M	0.9%	$11.48	+6.9%	COM	00206R102
COP	CONOCOPHILLIPS	55,518	$2.663M	0.9%	$40.86	-9.9%	COM	20825C104
ADP	AUTO DATA PROCESSING	32,372	$2.601M	0.8%	$46.51	+37.3%	COM	053015103
KO	COCA COLA COMPANY	62,170	$2.494M	0.8%	$29.10	-0.9%	COM	191216100
HAL	HALLIBURTON COMPANY	68,399	$2.418M	0.8%	$33.51	-4.0%	COM	406216101
DIS	DISNEY WALT HOLDING CO	21,843	$2.232M	0.7%	$86.30	+15.6%	COM	254687106
—	DOW CHEMICAL COMPANY	49,614	$2.104M	0.7%	$35.53	—	COM	260543103
—	3M COMPANY	14,734	$2.089M	0.7%	$110.95	—	COM	885794101
—	CITRIX SYSTEMS INC	29,755	$2.061M	0.7%	$60.37	—	COM	177376100
PFF	ISHARES TR S&P US PFD STK INDE	51,900	$2.003M	0.6%	$39.45	—	COM	464288687
GLW	CORNING INC	116,546	$1.995M	0.6%	$12.25	+11.3%	COM	219350105
IBM	INTL BUSINESS MACHINES	13,431	$1.947M	0.6%	$115.39	-17.4%	COM	459200101
SYY	SYSCO CORPORATION	46,574	$1.815M	0.6%	$24.67	+17.8%	COM	871829107
—	TIME WARNER INC	26,179	$1.8M	0.6%	$60.29	—	COM	00184A105
—	ST JUDE MEDICAL INC	27,000	$1.703M	0.6%	$68.94	—	COM	790849103
CAH	CARDINAL HEALTH INC	21,530	$1.654M	0.5%	$32.61	+91.0%	COM	14149Y108
EMR	EMERSON ELECTRIC CO	36,806	$1.626M	0.5%	$40.33	-7.4%	COM	291011104
PNC	PNC FINANCIAL SERVICES	17,837	$1.591M	0.5%	$52.57	+28.7%	COM	693475105
MET	METLIFE INC	32,818	$1.547M	0.5%	$28.27	+16.4%	COM	59156R108
—	E M C CORP MASS	59,446	$1.436M	0.5%	$24.87	—	COM	268648102
SBUX	STARBUCKS CORP	24,605	$1.399M	0.5%	$42.30	+7.1%	COM	855244109
META	FACEBOOK INC CL A	15,488	$1.392M	0.5%	$86.45	+5.4%	COM	30303M102
AMGN	AMGEN INC COM	9,216	$1.275M	0.4%	$90.96	+27.8%	COM	031162100
PSX	PHILLIPS 66	16,488	$1.267M	0.4%	$40.67	+32.9%	COM	718546104
MDLZ	MONDELEZ INTL INC CL A	29,760	$1.246M	0.4%	$23.16	+47.0%	COM	609207105
TD	TORONTO DOMINION BK	31,550	$1.244M	0.4%	$45.00	-11.5%	COM	891160509
—	RAYTHEON COMPANY NEW	11,265	$1.231M	0.4%	$87.69	—	COM	755111507
TROW	PRICE T ROWE GROUP INC	17,660	$1.227M	0.4%	$52.05	-2.0%	COM	74144T108
MO	ALTRIA GROUP INC	22,350	$1.216M	0.4%	$18.29	+47.7%	COM	02209S103
NVEC	NVE CORP	25,000	$1.214M	0.4%	$66.44	-10.9%	COM	629445206
NKE	NIKE INC CLASS B	9,685	$1.191M	0.4%	$37.22	+33.2%	COM	654106103
UNH	UNITED HEALTHCARE CORP	10,220	$1.186M	0.4%	$100.34	+0.9%	COM	91324P102
—	ATRION CORP	3,000	$1.125M	0.4%	$361.11	—	COM	049904105
—	ABBVIE INC COM	19,665	$1.07M	0.3%	$42.68	—	COM	002874109
GOOG	ALPHABET INC CLASS C	1,750	$1.065M	0.3%	$30.50	0.0%	COM	02079K107
—	SUNTRUST BANKS INC	27,195	$1.04M	0.3%	$40.39	—	COM	867914103
—	BERKSHIRE BANCP INC DEL	132,549	$1.027M	0.3%	$7.95	—	COM	084597202
—	JOHNSON CONTROLS INC	24,770	$1.024M	0.3%	$43.12	—	COM	478366107
—	PRECISION CASTPARTS CORP	4,320	$992K	0.3%	$225.58	—	COM	740189105
—	HARRIS CORP DEL	13,007	$951K	0.3%	$74.88	—	COM	413875105
GILD	GILEAD SCIENCES INC	9,675	$950K	0.3%	$76.92	+0.8%	COM	375558103
NOC	NORTHROP GRUMMAN CORP	5,570	$924K	0.3%	$63.97	+121.3%	COM	666807102
DUK	DUKE ENERGY CORPORATION	11,766	$846K	0.3%	$44.74	+5.5%	COM	26441C204
—	UNITED TECHNOLOGIES CORP	9,394	$836K	0.3%	$101.28	—	COM	913017109
PPL	PPL CORPORATION	24,555	$808K	0.3%	$17.17	+14.6%	COM	69351T106
CMC	COMMERCIAL METALS CO	57,978	$786K	0.3%	$11.15	+10.8%	COM	201723103
IFF	INTL FLAVOR & FRAGRANCES	7,540	$779K	0.3%	$58.18	+47.4%	COM	459506101
—	CELGENE CORP	6,975	$754K	0.2%	$114.33	—	COM	151020104
NVS	NOVARTIS A G SPON ADR	8,140	$748K	0.2%	$84.35	—	COM	66987V109
VLO	VALERO ENERGY CORP	12,390	$745K	0.2%	$36.30	+16.2%	COM	91913Y100
QCOM	QUALCOMM INC	13,485	$725K	0.2%	$49.68	-11.2%	COM	747525103
FDX	FEDEX CORPORATION	4,980	$717K	0.2%	$145.05	-6.0%	COM	31428X106
—	RED HAT INC	9,690	$697K	0.2%	$71.93	—	COM	756577102
MAS	MASCO CORP	27,065	$681K	0.2%	$22.00	0.0%	COM	574599106
KMX	CARMAX INC	11,465	$680K	0.2%	$69.66	-10.1%	COM	143130102
—	DU PONT E I DE NEMOUR&CO	13,974	$674K	0.2%	$56.73	—	COM	263534109
ABT	ABBOTT LABORATORIES	16,724	$673K	0.2%	$29.00	+33.8%	COM	002824100
LOW	LOWES COMPANIES INC	9,700	$669K	0.2%	$34.99	+62.7%	COM	548661107
—	NEXTERA ENERGY INC.	6,853	$668K	0.2%	$82.80	—	COM	302571104
NSC	NORFOLK SOUTHERN CORP	8,515	$651K	0.2%	$68.74	-5.3%	COM	655844108
USB	US BANCORP DEL NEW	15,325	$628K	0.2%	$26.15	+14.0%	COM	902973304
CSX	C S X CORP	23,225	$625K	0.2%	$8.92	-6.2%	COM	126408103
—	ROYAL DUTCH SHELL SPON ADR	13,045	$618K	0.2%	$65.11	—	COM	780259206
MCD	MCDONALDS CORP	6,085	$600K	0.2%	$71.80	+4.9%	COM	580135101
—	SPECTRA ENERGY CORP	22,633	$595K	0.2%	$32.83	—	COM	847560109
LMT	LOCKHEED MARTIN CORP	2,515	$521K	0.2%	$124.11	+24.0%	COM	539830109
OSK	OSHKOSH CORP	13,975	$508K	0.2%	$33.14	0.0%	COM	688239201
ITW	ILLINOIS TOOL WORKS INC	6,113	$503K	0.2%	$52.93	+29.1%	COM	452308109
SO	THE SOUTHERN COMPANY	11,203	$501K	0.2%	$26.55	+6.7%	COM	842587107
MRSH	MARSH & MCLENNAN CO INC	9,490	$496K	0.2%	$46.73	0.0%	COM	571748102
TEVA	TEVA PHARM INDS LTD ADRF	8,736	$493K	0.2%	$46.10	—	COM	881624209
—	BLACKROCK INC	1,532	$456K	0.1%	$259.62	—	COM	09247X101
WMB	WILLIAMS COMPANIES	12,095	$446K	0.1%	$27.76	-1.2%	COM	969457100
CL	COLGATE-PALMOLIVE CO	7,013	$445K	0.1%	$45.65	+12.4%	COM	194162103
SCHW	THE CHARLES SCHWAB CORP	15,546	$444K	0.1%	$18.94	+49.1%	COM	808513105
KMB	KIMBERLY-CLARK CORP	3,975	$433K	0.1%	$68.09	+13.7%	COM	494368103
CMCSA	COMCAST CORP NEW CL A	7,389	$420K	0.1%	$16.83	+38.7%	COM	20030N101
CAT	CATERPILLAR INC	6,294	$411K	0.1%	$63.59	-7.0%	COM	149123101
JFBC	JEFFERSONVILLE BANCORP	30,006	$401K	0.1%	$11.22	+20.3%	COM	47559A103
BP	BP PLC ADR	13,040	$399K	0.1%	$42.46	—	COM	055622104
DG	DOLLAR GENERAL CORPORATION	5,140	$372K	0.1%	$66.16	+1.0%	COM	256677105
AMT	AMERN TOWER CORP CLASS A	4,175	$367K	0.1%	$74.78	-2.4%	COM	03027X100
MS	MORGAN STANLEY	11,085	$349K	0.1%	$27.26	0.0%	COM	617446448
EL	ESTEE LAUDER COMPANIES INC	4,265	$344K	0.1%	$73.33	0.0%	COM	518439104
SJM	J M SMUCKERS CO NEW	2,650	$302K	0.1%	$81.72	0.0%	COM	832696405
BCPC	BALCHEM CORP	4,905	$298K	0.1%	$43.71	+25.0%	COM	057665200
HON	HONEYWELL INTERNATIONAL	3,035	$287K	0.1%	$54.51	+34.5%	COM	438516106
TAP	MOLSON COORS	3,380	$281K	0.1%	$56.22	0.0%	COM	60871R209
DRI	DARDEN RESTAURANTS INC	3,925	$269K	0.1%	$30.65	+54.0%	COM	237194105
LECO	LINCOLN ELEC HLDGS INC	5,015	$263K	0.1%	$58.61	0.0%	COM	533900106
XLF	SELECT SECTOR SPDR TR FINANCIA	11,319	$256K	0.1%	$22.62	—	COM	81369Y605
LEN	LENNAR CORP	5,275	$254K	0.1%	$44.62	0.0%	COM	526057104
XLV	SELECT SECTOR SPDR FD HEALTH C	3,692	$245K	0.1%	$66.36	—	COM	81369Y209
EQT	EQT CORPORATION	3,750	$243K	0.1%	$52.61	-28.7%	COM	26884L109
IYW	ISHARES TR DOW JONES US TECH S	2,450	$242K	0.1%	$105.10	—	COM	464287721
ALCO	ALICO INC	5,952	$242K	0.1%	$36.45	+1.0%	COM	016230104
ADBE	ADOBE SYSTEMS INC	2,925	$240K	0.1%	$81.07	0.0%	COM	00724F101
—	MONSANTO CO NEW DEL	2,772	$237K	0.1%	$106.24	—	COM	61166W101
CAG	CONAGRA FOODS INC	5,775	$234K	0.1%	$17.69	+32.5%	COM	205887102
—	TYCO INTL LTD NEW	6,680	$224K	0.1%	$33.22	—	COM	902124106
MTB	M & T BANK CORP	1,806	$220K	0.1%	$73.77	+26.4%	COM	55261F104
—	BROADCOM CORP CL A	4,225	$217K	0.1%	$51.36	—	COM	111320107
—	MAXIM INTEGRATED PRODS	4,085	$210K	0.1%	$34.82	—	COM	57772K101
—	ENERGEN CORPORATION	4,200	$209K	0.1%	$88.81	—	COM	29265N108
YUM	YUM! BRANDS, INC.	2,571	$206K	0.1%	$44.53	+12.0%	COM	988498101
EPD	ENTERPRISE PRD PRTNRS LP	8,258	$206K	0.1%	$36.10	—	COM	293792107
MDU	M D U RESOURCES GROUP	11,946	$205K	0.1%	$6.58	-24.7%	COM	552690109
XLY	SELECT SECTOR CONSUMER DIS SPD	2,767	$205K	0.1%	$74.09	—	COM	81369Y407
—	ALPS ALERIAN MLP ETF	14,150	$177K	0.1%	$16.42	—	COM	00162Q866
—	ARIAD PHARMACEUTICALS INC	20,000	$117K	0.0%	$8.25	—	COM	04033A100
—	TWO HBRS INVT CORP COM	13,000	$115K	0.0%	$8.85	—	COM	90187B101
—	EMPIRE RESORTS INC CO NEW	11,570	$49,000	0.0%	$4.24	—	COM	292052206
—	WOLDS INC	650,000	$42,000	0.0%	$0.08	—	COM	98159J101
—	WORLDS ONLINE INC	206,667	$29,000	0.0%	$0.14	—	COM	98160J108
—	ATHERSYS INC	22,500	$25,000	0.0%	$1.11	—	COM	04744L106
—	DISCOVERY CORP ENTERPRISES INC	34,000	$1,000	0.0%	$0.06	—	COM	25466Y109
—	CHIMERA ENERGY CORP COM	16,600	$0	0.0%	$87.23	—	COM	167250109
—	BOREAL WATER COLLECTION INC CO	35,700	$0	0.0%	—	—	COM	09971P100
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	+900.0%	COM	00737M200
—	AIMGLOBAL TECHNOLOGIES INC	41,000	$0	0.0%	—	—	COM	00900N100