Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OBT	ORANGE CNTY BANCORP INC	470,873	$22.72M	7.1%	$10.78	+15.4%	COM	68417L107
MDT	MEDTRONIC PLC	231,138	$17.78M	5.5%	$58.21	+0.6%	COM	G5960L103
ISRG	INTUITIVE SURGICAL INC NEW	31,310	$17.1M	5.3%	$56.31	-0.3%	COM	46120E602
HD	HOME DEPOT INC	70,042	$9.263M	2.9%	$56.17	+78.0%	COM	437076102
—	STERLING BANCORP DEL COM	568,301	$9.218M	2.9%	$13.37	—	COM	85917A100
JNJ	JOHNSON & JOHNSON	84,497	$8.68M	2.7%	$59.91	+26.7%	COM	478160104
—	GENERAL ELECTRIC COMPANY	248,472	$7.74M	2.4%	$23.46	—	COM	369604103
MSFT	MICROSOFT CORP	134,613	$7.468M	2.3%	$27.35	+67.9%	COM	594918104
CVS	C V S CORP DEL	65,893	$6.442M	2.0%	$42.46	+71.0%	COM	126650100
XOM	EXXON MOBIL CORPORATION	81,026	$6.316M	2.0%	$53.78	-4.4%	COM	30231G102
INTC	INTEL CORP	171,846	$5.92M	1.8%	$17.49	+52.3%	COM	458140100
TMO	THERMO ELECTRON CORP	41,691	$5.914M	1.8%	$79.76	+62.4%	COM	883556102
PEP	PEPSICO INCORPORATED	57,123	$5.708M	1.8%	$56.38	+30.3%	COM	713448108
JPM	JP MORGAN CHASE & CO	83,741	$5.529M	1.7%	$37.31	+33.2%	COM	46625H100
PFE	PFIZER INCORPORATED	157,048	$5.07M	1.6%	$16.61	+22.7%	COM	717081103
VZ	VERIZON COMMUNICATIONS	100,350	$4.638M	1.4%	$27.01	-0.3%	COM	92343V104
LLY	ELI LILLY & COMPANY	54,988	$4.633M	1.4%	$59.43	+17.3%	COM	532457108
CSCO	CISCO SYSTEMS INC	164,814	$4.476M	1.4%	$15.53	+29.9%	COM	17275R102
ORCL	ORACLE CORPORATION	121,761	$4.448M	1.4%	$28.21	+16.3%	COM	68389X105
CVX	CHEVRONTEXACO CORP	48,341	$4.349M	1.4%	$71.15	-17.9%	COM	166764100
AAPL	APPLE COMPUTER INC	41,230	$4.34M	1.4%	$22.71	+13.3%	COM	037833100
BA	BOEING CO	29,195	$4.221M	1.3%	$86.88	+48.3%	COM	097023105
—	CHUBB CORPORATION	31,797	$4.217M	1.3%	$86.56	—	COM	171232101
WFC	WELLS FARGO & CO NEW	77,428	$4.209M	1.3%	$30.34	+34.6%	COM	949746101
—	ALLERGAN INC	13,452	$4.204M	1.3%	$304.13	—	COM	G0177J108
—	EXPRESS SCRIPTS A	47,953	$4.192M	1.3%	$66.21	—	COM	30219G108
RMD	RESMED INC	56,755	$3.891M	1.2%	$54.66	-8.6%	COM	761152107
BMY	BRISTOL-MYERS SQUIBB CO	53,711	$3.695M	1.2%	$29.10	+60.4%	COM	110122108
PG	PROCTER & GAMBLE CO	45,729	$3.631M	1.1%	$55.04	+5.3%	COM	742718109
BAC	BANKAMERICA CORP	213,008	$3.585M	1.1%	$10.46	+29.7%	COM	060505104
MRK	MERCK & CO INC	63,486	$3.353M	1.0%	$30.58	+20.2%	COM	58933Y105
KHC	KRAFT HEINZ CO	42,044	$3.059M	1.0%	$47.80	-1.6%	COM	500754106
GS	GOLDMAN SACHS GROUP INC	16,610	$2.994M	0.9%	$126.85	+19.1%	COM	38141G104
T	AT & T INC	83,682	$2.88M	0.9%	$11.48	+8.3%	COM	00206R102
BK	THE BANK OF NY MELLON CORP	68,735	$2.833M	0.9%	$22.44	+44.7%	COM	064058100
ADP	AUTO DATA PROCESSING	32,122	$2.721M	0.8%	$46.51	+48.6%	COM	053015103
KO	COCA COLA COMPANY	61,445	$2.64M	0.8%	$29.10	+6.0%	COM	191216100
—	DOW CHEMICAL COMPANY	49,689	$2.558M	0.8%	$35.53	—	COM	260543103
DIS	DISNEY WALT HOLDING CO	23,503	$2.47M	0.8%	$87.43	+16.9%	COM	254687106
COP	CONOCOPHILLIPS	52,443	$2.449M	0.8%	$40.86	-6.1%	COM	20825C104
GLW	CORNING INC	118,698	$2.17M	0.7%	$12.28	+12.9%	COM	219350105
PFF	ISHARES TR S&P US PFD STK INDE	55,650	$2.162M	0.7%	$39.41	—	COM	464288687
—	CITRIX SYSTEMS INC	28,305	$2.141M	0.7%	$60.37	—	COM	177376100
—	3M COMPANY	13,921	$2.097M	0.7%	$110.95	—	COM	885794101
HAL	HALLIBURTON COMPANY	59,625	$2.03M	0.6%	$33.51	-7.5%	COM	406216101
META	FACEBOOK INC CL A	19,123	$2.001M	0.6%	$89.41	+14.1%	COM	30303M102
CAH	CARDINAL HEALTH INC	21,655	$1.933M	0.6%	$32.61	+95.1%	COM	14149Y108
SYY	SYSCO CORPORATION	46,325	$1.899M	0.6%	$24.67	+27.6%	COM	871829107
IBM	INTL BUSINESS MACHINES	12,935	$1.78M	0.6%	$115.39	-24.2%	COM	459200101
SBUX	STARBUCKS CORP	27,825	$1.67M	0.5%	$43.13	+14.6%	COM	855244109
PNC	PNC FINANCIAL SERVICES	17,212	$1.64M	0.5%	$52.57	+27.8%	COM	693475105
EMR	EMERSON ELECTRIC CO	33,668	$1.61M	0.5%	$40.33	-9.5%	COM	291011104
—	TIME WARNER INC	23,771	$1.537M	0.5%	$60.29	—	COM	00184A105
MET	METLIFE INC	31,194	$1.504M	0.5%	$28.27	+10.4%	COM	59156R108
WMT	WAL-MART STORES INC	23,817	$1.46M	0.5%	$20.01	-16.9%	COM	931142103
TROW	PRICE T ROWE GROUP INC	20,315	$1.452M	0.5%	$51.90	-2.0%	COM	74144T108
—	SUNTRUST BANKS INC	33,795	$1.448M	0.5%	$40.87	—	COM	867914103
GOOG	ALPHABET INC CLASS C	1,868	$1.418M	0.4%	$30.82	+15.5%	COM	02079K107
AMGN	AMGEN INC COM	8,722	$1.416M	0.4%	$90.96	+28.1%	COM	031162100
—	RAYTHEON COMPANY NEW	11,290	$1.406M	0.4%	$87.69	—	COM	755111507
NVEC	NVE CORP	25,000	$1.404M	0.4%	$66.44	-15.5%	COM	629445206
GILD	GILEAD SCIENCES INC	13,505	$1.367M	0.4%	$75.78	-3.8%	COM	375558103
PSX	PHILLIPS 66	16,608	$1.359M	0.4%	$40.67	+45.2%	COM	718546104
—	ST JUDE MEDICAL INC	22,000	$1.359M	0.4%	$68.94	—	COM	790849103
—	HARRIS CORP DEL	15,632	$1.358M	0.4%	$76.89	—	COM	413875105
UNH	UNITED HEALTHCARE CORP	11,525	$1.356M	0.4%	$100.22	-0.9%	COM	91324P102
—	E M C CORP MASS	51,871	$1.332M	0.4%	$24.87	—	COM	268648102
MDLZ	MONDELEZ INTL INC CL A	28,860	$1.294M	0.4%	$23.16	+53.2%	COM	609207105
NKE	NIKE INC CLASS B	19,070	$1.192M	0.4%	$46.79	+21.1%	COM	654106103
MO	ALTRIA GROUP INC	20,300	$1.182M	0.4%	$18.29	+61.1%	COM	02209S103
TD	TORONTO DOMINION BK	30,025	$1.176M	0.4%	$45.00	-10.1%	COM	891160509
—	ABBVIE INC COM	19,185	$1.137M	0.4%	$42.68	—	COM	002874109
—	RED HAT INC	13,620	$1.128M	0.4%	$75.07	—	COM	756577102
—	JOHNSON CONTROLS INC	26,965	$1.065M	0.3%	$42.82	—	COM	478366107
NOC	NORTHROP GRUMMAN CORP	5,445	$1.028M	0.3%	$63.97	+143.3%	COM	666807102
—	BERKSHIRE BANCP INC DEL	132,549	$1.027M	0.3%	$7.95	—	COM	084597202
—	SPECTRA ENERGY CORP	41,011	$1.025M	0.3%	$29.32	—	COM	847560109
—	CELGENE CORP	8,125	$973K	0.3%	$115.09	—	COM	151020104
SJM	J M SMUCKERS CO NEW	7,745	$955K	0.3%	$85.78	+2.5%	COM	832696405
—	ATRION CORP	2,500	$953K	0.3%	$361.11	—	COM	049904105
—	PRECISION CASTPARTS CORP	3,970	$921K	0.3%	$225.58	—	COM	740189105
—	DU PONT E I DE NEMOUR&CO	13,749	$916K	0.3%	$56.73	—	COM	263534109
FDX	FEDEX CORPORATION	6,005	$895K	0.3%	$142.87	-7.4%	COM	31428X106
DUK	DUKE ENERGY CORPORATION	12,516	$894K	0.3%	$44.84	+3.4%	COM	26441C204
MAS	MASCO CORP	31,480	$891K	0.3%	$22.35	+9.6%	COM	574599106
VLO	VALERO ENERGY CORP	12,265	$867K	0.3%	$36.30	+25.3%	COM	91913Y100
IFF	INTL FLAVOR & FRAGRANCES	7,015	$839K	0.3%	$58.18	+55.3%	COM	459506101
PPL	PPL CORPORATION	24,105	$823K	0.3%	$17.17	+25.0%	COM	69351T106
CMC	COMMERCIAL METALS CO	57,878	$792K	0.2%	$11.15	+8.3%	COM	201723103
—	UNITED TECHNOLOGIES CORP	7,944	$763K	0.2%	$101.28	—	COM	913017109
ABT	ABBOTT LABORATORIES	16,424	$738K	0.2%	$29.00	+26.0%	COM	002824100
LOW	LOWES COMPANIES INC	9,600	$730K	0.2%	$34.99	+76.4%	COM	548661107
DG	DOLLAR GENERAL CORPORATION	9,615	$691K	0.2%	$63.08	-5.6%	COM	256677105
KMX	CARMAX INC	12,640	$682K	0.2%	$68.49	-16.7%	COM	143130102
NSC	NORFOLK SOUTHERN CORP	7,915	$670K	0.2%	$68.74	+0.6%	COM	655844108
CSX	C S X CORP	25,685	$667K	0.2%	$8.82	-11.6%	COM	126408103
USB	US BANCORP DEL NEW	15,275	$652K	0.2%	$26.15	+13.2%	COM	902973304
—	NEXTERA ENERGY INC.	6,154	$639K	0.2%	$82.80	—	COM	302571104
NVS	NOVARTIS A G SPON ADR	7,375	$635K	0.2%	$84.35	—	COM	66987V109
MCD	MCDONALDS CORP	4,960	$586K	0.2%	$71.80	+21.5%	COM	580135101
—	BROADCOM CORP CL A	10,070	$582K	0.2%	$55.10	—	COM	111320107
OSK	OSHKOSH CORP	14,720	$575K	0.2%	$33.22	+4.4%	COM	688239201
MRSH	MARSH & MCLENNAN CO INC	10,260	$569K	0.2%	$46.71	-0.7%	COM	571748102
ITW	ILLINOIS TOOL WORKS INC	5,963	$553K	0.2%	$52.93	+34.9%	COM	452308109
LMT	LOCKHEED MARTIN CORP	2,490	$541K	0.2%	$124.11	+33.2%	COM	539830109
QCOM	QUALCOMM INC	10,736	$537K	0.2%	$49.68	-19.5%	COM	747525103
SO	THE SOUTHERN COMPANY	11,203	$524K	0.2%	$26.55	+11.6%	COM	842587107
EL	ESTEE LAUDER COMPANIES INC	5,885	$518K	0.2%	$73.73	+1.4%	COM	518439104
SCHW	THE CHARLES SCHWAB CORP	15,646	$515K	0.2%	$18.94	+47.3%	COM	808513105
KMB	KIMBERLY-CLARK CORP	3,975	$506K	0.2%	$68.09	+24.8%	COM	494368103
MS	MORGAN STANLEY	15,515	$494K	0.2%	$26.61	-6.1%	COM	617446448
TEVA	TEVA PHARM INDS LTD ADRF	7,436	$488K	0.2%	$46.10	—	COM	881624209
—	ROYAL DUTCH SHELL SPON ADR	10,575	$484K	0.2%	$65.11	—	COM	780259206
ADBE	ADOBE SYSTEMS INC	4,950	$465K	0.1%	$84.66	+6.1%	COM	00724F101
CL	COLGATE-PALMOLIVE CO	6,663	$444K	0.1%	$45.65	+15.1%	COM	194162103
CMCSA	COMCAST CORP NEW CL A	7,256	$409K	0.1%	$16.83	+41.2%	COM	20030N101
JFBC	JEFFERSONVILLE BANCORP	30,006	$405K	0.1%	$11.22	+19.3%	COM	47559A103
CAT	CATERPILLAR INC	5,914	$402K	0.1%	$63.59	-14.2%	COM	149123101
AMT	AMERN TOWER CORP CLASS A	4,075	$395K	0.1%	$74.78	+1.6%	COM	03027X100
WMB	WILLIAMS COMPANIES	13,410	$345K	0.1%	$26.96	-27.4%	COM	969457100
BP	BP PLC ADR	10,745	$336K	0.1%	$42.46	—	COM	055622104
LECO	LINCOLN ELEC HLDGS INC	6,420	$333K	0.1%	$57.96	-4.0%	COM	533900106
LEN	LENNAR CORP	6,540	$320K	0.1%	$44.37	-2.3%	COM	526057104
HON	HONEYWELL INTERNATIONAL	2,985	$309K	0.1%	$54.51	+36.3%	COM	438516106
TAP	MOLSON COORS	3,265	$307K	0.1%	$56.22	+25.0%	COM	60871R209
BCPC	BALCHEM CORP	4,905	$298K	0.1%	$43.71	+40.3%	COM	057665200
XLF	SELECT SECTOR SPDR TR FINANCIAL	11,319	$270K	0.1%	$22.62	—	COM	81369Y605
XLV	SELECT SECTOR SPDR TR HEALTH CARE	3,692	$266K	0.1%	$66.36	—	COM	81369Y209
IYW	ISHARES TR DOW JONES US TECH S	2,450	$262K	0.1%	$105.10	—	COM	464287721
M	MACYS INC	7,300	$255K	0.1%	$43.33	0.0%	COM	55616P104
DRI	DARDEN RESTAURANTS INC	3,925	$250K	0.1%	$30.65	+42.1%	COM	237194105
CAG	CONAGRA FOODS INC	5,775	$243K	0.1%	$17.69	+26.9%	COM	205887102
—	SOVRAN SELF STORAGE INC	2,180	$234K	0.1%	$107.34	—	COM	84610H108
ALCO	ALICO INC	5,952	$230K	0.1%	$36.45	-3.2%	COM	016230104
—	MAXIM INTEGRATED PRODS	5,800	$220K	0.1%	$35.74	—	COM	57772K101
MDU	M D U RESOURCES GROUP	11,946	$219K	0.1%	$6.58	-22.5%	COM	552690109
MTB	M & T BANK CORP	1,806	$219K	0.1%	$73.77	+24.2%	COM	55261F104
XLY	SELECT SECTOR SPDR TR CONSUMER DISCRETIONARY	2,767	$216K	0.1%	$74.09	—	COM	81369Y407
WKC	WORLD FUEL SERVICES CORP	5,500	$212K	0.1%	$40.93	0.0%	COM	981475106
—	AVAGO TECHNOLOGIES LTD	1,450	$210K	0.1%	$144.83	—	COM	Y0486S104
—	ALPS ALERIAN MLP ETF	12,500	$151K	0.0%	$16.42	—	COM	00162Q866
—	ARIAD PHARMACEUTICALS INC	20,000	$125K	0.0%	$8.25	—	COM	04033A100
—	TWO HBRS INVT CORP COM	13,000	$105K	0.0%	$8.85	—	COM	90187B101
—	REXAHN PHARMACEUTICALS INC	200,000	$73,000	0.0%	$0.36	—	COM	761640101
—	WORLDS ONLINE INC	206,667	$31,000	0.0%	$0.14	—	COM	98160J108
—	ATHERSYS INC	22,500	$23,000	0.0%	$1.11	—	COM	04744L106
—	WOLDS INC	650,000	$18,000	0.0%	$0.08	—	COM	98159J101
—	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
—	WESTMONT RESOURCES INC	30,000	$0	0.0%	—	—	COM	96081P302
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	+393.8%	COM	00737M200
—	AIMGLOBAL TECHNOLOGIES INC	41,000	$0	0.0%	—	—	COM	00900N100