Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OBT	ORANGE CNTY BANCORP INC	470,873	$22.41M	7.3%	$47.60 *	$10.78	+10.3%	COM	68417L107
ISRG	INTUITIVE SURGICAL INC NEW	23,260	$13.98M	4.5%	$601.03 *	$56.31	+18.6%	COM	46120E602
MDT	MEDTRONIC PLC	184,393	$13.83M	4.5%	$75.00 *	$58.21	+1.2%	COM	G5960L103
HD	HOME DEPOT INC	69,823	$9.316M	3.0%	$133.42 *	$56.17	+88.2%	COM	437076102
JNJ	JOHNSON & JOHNSON	84,443	$9.137M	3.0%	$108.20 *	$59.91	+37.9%	COM	478160104
—	STERLING BANCORP DEL COM	564,726	$8.996M	2.9%	$15.93	$13.37	—	COM	85917A100
—	GENERAL ELECTRIC COMPANY	246,578	$7.839M	2.5%	$31.79	$23.46	—	COM	369604103
MSFT	MICROSOFT CORP	134,489	$7.428M	2.4%	$55.23 *	$27.35	+78.1%	COM	594918104
CVS	C V S CORP DEL	66,928	$6.942M	2.3%	$103.72 *	$42.92	+80.1%	COM	126650100
XOM	EXXON MOBIL CORPORATION	82,621	$6.906M	2.2%	$83.59 *	$53.74	+1.3%	COM	30231G102
TMO	THERMO ELECTRON CORP	42,431	$6.008M	2.0%	$141.59 *	$80.64	+70.8%	COM	883556102
PEP	PEPSICO INCORPORATED	57,299	$5.872M	1.9%	$102.48 *	$56.38	+35.4%	COM	713448108
INTC	INTEL CORP	170,754	$5.524M	1.8%	$32.35 *	$17.49	+47.4%	COM	458140100
VZ	VERIZON COMMUNICATIONS	99,823	$5.398M	1.8%	$54.08 *	$27.01	+20.3%	COM	92343V104
JPM	JP MORGAN CHASE & CO	84,961	$5.031M	1.6%	$59.22 *	$37.42	+21.6%	COM	46625H100
CSCO	CISCO SYSTEMS INC	167,665	$4.773M	1.6%	$28.47 *	$15.59	+34.5%	COM	17275R102
AAPL	APPLE COMPUTER INC	43,660	$4.759M	1.5%	$109.00 *	$22.70	+8.8%	COM	037833100
ORCL	ORACLE CORPORATION	114,461	$4.683M	1.5%	$40.91 *	$28.21	+25.2%	COM	68389X105
PFE	PFIZER INCORPORATED	157,052	$4.655M	1.5%	$29.64 *	$16.61	+11.1%	COM	717081103
CVX	CHEVRONTEXACO CORP	48,146	$4.593M	1.5%	$95.40 *	$71.15	-11.5%	COM	166764100
RMD	RESMED INC	64,135	$4.32M	1.4%	$67.36 *	$54.18	-4.6%	COM	761152107
WFC	WELLS FARGO & CO NEW	85,750	$4.147M	1.3%	$48.36 *	$31.00	+18.5%	COM	949746101
LLY	ELI LILLY & COMPANY	55,063	$3.965M	1.3%	$72.01 *	$59.43	+2.8%	COM	532457108
BA	BOEING CO	30,085	$3.819M	1.2%	$126.94 *	$87.62	+31.1%	COM	097023105
KHC	KRAFT HEINZ CO	46,702	$3.669M	1.2%	$78.56 *	$47.85	+6.6%	COM	500754106
—	ALLERGAN INC	13,187	$3.535M	1.1%	$268.07	$304.13	—	COM	G0177J108
PG	PROCTER & GAMBLE CO	42,929	$3.533M	1.1%	$82.30 *	$55.04	+14.6%	COM	742718109
—	EXPRESS SCRIPTS A	50,361	$3.459M	1.1%	$68.68	$66.32	—	COM	30219G108
MRK	MERCK & CO INC	64,173	$3.395M	1.1%	$52.90 *	$30.63	+22.0%	COM	58933Y105
BMY	BRISTOL-MYERS SQUIBB CO	52,799	$3.373M	1.1%	$63.88 *	$29.10	+56.8%	COM	110122108
T	AT & T INC	81,315	$3.185M	1.0%	$39.17 *	$11.48	+28.8%	COM	00206R102
ADP	AUTO DATA PROCESSING	32,407	$2.907M	0.9%	$89.70 *	$46.51	+56.5%	COM	053015103
BAC	BANKAMERICA CORP	214,047	$2.894M	0.9%	$13.52 *	$10.46	+4.2%	COM	060505104
GS	GOLDMAN SACHS GROUP INC	18,002	$2.826M	0.9%	$156.98 *	$126.81	+1.3%	COM	38141G104
DIS	DISNEY WALT HOLDING CO	27,758	$2.757M	0.9%	$99.32 *	$87.66	+4.4%	COM	254687106
BK	THE BANK OF NY MELLON CORP	69,607	$2.564M	0.8%	$36.84 *	$22.51	+27.2%	COM	064058100
—	CHUBB CORPORATION	21,356	$2.545M	0.8%	$119.17	$86.56	—	COM	171232101
META	FACEBOOK INC CL A	22,083	$2.52M	0.8%	$114.11	$91.47	+23.9%	COM	30303M102
GLW	CORNING INC	117,350	$2.451M	0.8%	$20.89 *	$12.28	+31.3%	COM	219350105
—	UNITED TECHNOLOGIES CORP	20,619	$2.446M	0.8%	$118.63	$111.94	—	COM	913017109
—	DOW CHEMICAL COMPANY	47,705	$2.426M	0.8%	$50.85	$35.53	—	COM	260543103
—	3M COMPANY	13,738	$2.289M	0.7%	$166.62	$110.95	—	COM	885794101
KO	COCA COLA COMPANY	49,025	$2.274M	0.7%	$46.38 *	$29.10	+17.3%	COM	191216100
—	CITRIX SYSTEMS INC	25,930	$2.038M	0.7%	$78.60	$60.37	—	COM	177376100
SYY	SYSCO CORPORATION	43,076	$2.013M	0.7%	$46.73 *	$24.67	+47.5%	COM	871829107
SBUX	STARBUCKS CORP	32,175	$1.921M	0.6%	$59.70 *	$43.71	+11.3%	COM	855244109
IBM	INTL BUSINESS MACHINES	12,274	$1.859M	0.6%	$151.46 *	$115.39	-17.1%	COM	459200101
GOOG	ALPHABET INC CLASS C	2,418	$1.801M	0.6%	$744.83 *	$31.90	+15.9%	COM	02079K107
EMR	EMERSON ELECTRIC CO	32,244	$1.753M	0.6%	$54.37 *	$40.33	+4.9%	COM	291011104
TROW	PRICE T ROWE GROUP INC	22,015	$1.617M	0.5%	$73.45 *	$51.64	-0.0%	COM	74144T108
WMT	WAL-MART STORES INC	23,577	$1.615M	0.5%	$68.50 *	$20.01	-4.2%	COM	931142103
CAH	CARDINAL HEALTH INC	19,400	$1.59M	0.5%	$81.96 *	$32.61	+90.0%	COM	14149Y108
HAL	HALLIBURTON COMPANY	43,375	$1.549M	0.5%	$35.71 *	$33.51	-11.7%	COM	406216101
—	SUNTRUST BANKS INC	42,460	$1.532M	0.5%	$36.08	$39.89	—	COM	867914103
—	RAYTHEON COMPANY NEW	12,390	$1.519M	0.5%	$122.60	$90.78	—	COM	755111507
NKE	NIKE INC CLASS B	24,570	$1.51M	0.5%	$61.46 *	$48.23	+12.5%	COM	654106103
—	HARRIS CORP DEL	19,357	$1.507M	0.5%	$77.85	$77.08	—	COM	413875105
GILD	GILEAD SCIENCES INC	16,400	$1.507M	0.5%	$91.89 *	$73.61	-11.8%	COM	375558103
COP	CONOCOPHILLIPS	36,980	$1.489M	0.5%	$40.27 *	$40.86	-26.9%	COM	20825C104
PNC	PNC FINANCIAL SERVICES	17,487	$1.479M	0.5%	$84.58 *	$52.72	+16.8%	COM	693475105
—	TIME WARNER INC	20,255	$1.47M	0.5%	$72.57	$60.29	—	COM	00184A105
PSX	PHILLIPS 66	16,150	$1.398M	0.5%	$86.56 *	$40.67	+47.2%	COM	718546104
AMGN	AMGEN INC COM	8,953	$1.342M	0.4%	$149.89 *	$91.47	+22.6%	COM	031162100
PFF	ISHARES TR S&P US PFD STK INDE	9,965	$1.294M	0.4%	$129.85 *	$39.74	-1.8%	COM	464288687
MAS	MASCO CORP	40,630	$1.278M	0.4%	$31.45 *	$22.67	+19.8%	COM	574599106
MO	ALTRIA GROUP INC	20,050	$1.256M	0.4%	$62.64 *	$18.29	+77.3%	COM	02209S103
—	RED HAT INC	16,630	$1.239M	0.4%	$74.50	$74.97	—	COM	756577102
—	ST JUDE MEDICAL INC	22,000	$1.21M	0.4%	$55.00	$68.94	—	COM	790849103
—	SPECTRA ENERGY CORP	38,384	$1.175M	0.4%	$30.61	$29.32	—	COM	847560109
MDLZ	MONDELEZ INTL INC CL A	28,510	$1.144M	0.4%	$40.13 *	$23.16	+38.5%	COM	609207105
DUK	DUKE ENERGY CORPORATION	13,791	$1.113M	0.4%	$80.70 *	$45.36	+19.2%	COM	26441C204
—	ABBVIE INC COM	19,160	$1.094M	0.4%	$57.10	$42.68	—	COM	002874109
TD	TORONTO DOMINION BK	24,575	$1.06M	0.3%	$43.13	$45.00	-4.2%	COM	891160509
NOC	NORTHROP GRUMMAN CORP	5,320	$1.053M	0.3%	$197.93 *	$63.97	+164.4%	COM	666807102
—	BROADCOM LTD	6,775	$1.047M	0.3%	$154.54	$154.54	—	COM	Y09827109
DG	DOLLAR GENERAL CORPORATION	11,700	$1.002M	0.3%	$85.64 *	$63.72	+18.6%	COM	256677105
FDX	FEDEX CORPORATION	6,125	$997K	0.3%	$162.78 *	$142.41	-2.0%	COM	31428X106
—	CELGENE CORP	9,920	$993K	0.3%	$100.10	$112.38	—	COM	151020104
CMC	COMMERCIAL METALS CO	57,878	$982K	0.3%	$16.97 *	$11.15	+25.2%	COM	201723103
—	JOHNSON CONTROLS INC	24,890	$970K	0.3%	$38.97	$42.82	—	COM	478366107
—	BERKSHIRE BANCP INC DEL	121,929	$945K	0.3%	$7.75	$7.95	—	COM	084597202
PPL	PPL CORPORATION	24,205	$921K	0.3%	$38.05 *	$17.17	+43.9%	COM	69351T106
LMT	LOCKHEED MARTIN CORP	4,055	$898K	0.3%	$221.45 *	$139.97	+22.1%	COM	539830109
VLO	VALERO ENERGY CORP	12,975	$832K	0.3%	$64.12 *	$36.66	+18.4%	COM	91913Y100
—	E M C CORP MASS	30,651	$817K	0.3%	$26.65	$24.87	—	COM	268648102
ADBE	ADOBE SYSTEMS INC	8,635	$810K	0.3%	$93.80	$85.52	+9.7%	COM	00724F101
EL	ESTEE LAUDER COMPANIES INC	7,760	$732K	0.2%	$94.33 *	$74.90	+11.2%	COM	518439104
—	NEXTERA ENERGY INC.	6,056	$717K	0.2%	$118.39	$82.80	—	COM	302571104
—	DU PONT E I DE NEMOUR&CO	10,949	$693K	0.2%	$63.29	$56.73	—	COM	263534109
MET	METLIFE INC	15,552	$683K	0.2%	$43.92 *	$28.27	-0.6%	COM	59156R108
MRSH	MARSH & MCLENNAN CO INC	11,225	$682K	0.2%	$60.76 *	$46.77	+9.9%	COM	571748102
LOW	LOWES COMPANIES INC	9,000	$682K	0.2%	$75.78 *	$34.99	+80.8%	COM	548661107
ABT	ABBOTT LABORATORIES	16,049	$671K	0.2%	$41.81 *	$29.00	+20.2%	COM	002824100
USB	US BANCORP DEL NEW	15,700	$637K	0.2%	$40.57 *	$26.20	+8.6%	COM	902973304
KMX	CARMAX INC	12,105	$619K	0.2%	$51.14	$68.49	-25.4%	COM	143130102
MCD	MCDONALDS CORP	4,800	$603K	0.2%	$125.63 *	$71.80	+38.3%	COM	580135101
IFF	INTL FLAVOR & FRAGRANCES	5,200	$592K	0.2%	$113.85 *	$58.18	+54.1%	COM	459506101
OSK	OSHKOSH CORP	14,395	$588K	0.2%	$40.85 *	$33.22	+5.8%	COM	688239201
SO	THE SOUTHERN COMPANY	11,203	$580K	0.2%	$51.77 *	$26.55	+29.5%	COM	842587107
ITW	ILLINOIS TOOL WORKS INC	5,463	$560K	0.2%	$102.51 *	$52.93	+53.9%	COM	452308109
MS	MORGAN STANLEY	21,540	$539K	0.2%	$25.02 *	$24.57	-22.9%	COM	617446448
KMB	KIMBERLY-CLARK CORP	3,925	$528K	0.2%	$134.52 *	$68.09	+41.5%	COM	494368103
—	ROYAL DUTCH SHELL SPON ADR	9,975	$483K	0.2%	$48.42	$65.11	—	COM	780259206
CSX	C S X CORP	18,210	$469K	0.2%	$25.76 *	$8.82	-15.5%	COM	126408103
CL	COLGATE-PALMOLIVE CO	6,438	$455K	0.1%	$70.67 *	$45.65	+23.1%	COM	194162103
LECO	LINCOLN ELEC HLDGS INC	7,720	$452K	0.1%	$58.55	$57.37	+2.1%	COM	533900106
CAT	CATERPILLAR INC	5,664	$434K	0.1%	$76.62 *	$63.59	-4.6%	COM	149123101
SCHW	THE CHARLES SCHWAB CORP	15,296	$429K	0.1%	$28.05 *	$18.94	+30.8%	COM	808513105
M	MACYS INC	9,550	$421K	0.1%	$44.08	$42.86	+2.9%	COM	55616P104
JFBC	JEFFERSONVILLE BANCORP	30,006	$405K	0.1%	$13.50	$11.22	+20.3%	COM	47559A103
QCOM	QUALCOMM INC	7,872	$403K	0.1%	$51.19 *	$49.68	-21.6%	COM	747525103
—	ATRION CORP	1,000	$395K	0.1%	$395.00	$361.11	—	COM	049904105
TEVA	TEVA PHARM INDS LTD ADRF	7,286	$390K	0.1%	$53.53	$46.18	+15.9%	COM	881624209
HON	HONEYWELL INTERNATIONAL	3,435	$385K	0.1%	$112.08 *	$57.37	+43.4%	COM	438516106
NVS	NOVARTIS A G SPON ADR	5,275	$382K	0.1%	$72.42	$85.60	-15.4%	COM	66987V109
LEN	LENNAR CORP	7,765	$376K	0.1%	$48.42 *	$43.26	-3.1%	COM	526057104
NSC	NORFOLK SOUTHERN CORP	4,450	$370K	0.1%	$83.15 *	$68.74	-1.1%	COM	655844108
AMT	AMERN TOWER CORP CLASS A	3,595	$368K	0.1%	$102.36 *	$74.78	+7.1%	COM	03027X100
TAP	MOLSON COORS	3,440	$331K	0.1%	$96.22 *	$56.91	+32.7%	COM	60871R209
CMCSA	COMCAST CORP NEW CL A	5,056	$309K	0.1%	$61.12 *	$16.83	+43.9%	COM	20030N101
BCPC	BALCHEM CORP	4,905	$304K	0.1%	$61.98 *	$43.71	+34.6%	COM	057665200
BP	BP PLC ADR	10,004	$302K	0.1%	$30.19	$43.77	-31.1%	COM	055622104
DRI	DARDEN RESTAURANTS INC	4,050	$269K	0.1%	$66.42 *	$31.18	+60.8%	COM	237194105
WKC	WORLD FUEL SERVICES CORP	5,500	$267K	0.1%	$48.55	$40.93	+18.7%	COM	981475106
IYW	ISHARES TR DOW JONES US TECH S	2,450	$266K	0.1%	$108.57 *	$26.28	+3.2%	COM	464287721
—	SOVRAN SELF STORAGE INC	2,180	$257K	0.1%	$117.89	$107.34	—	COM	84610H108
EQT	EQT CORPORATION	3,750	$252K	0.1%	$67.20 *	$29.44	+14.4%	COM	26884L109
CAG	CONAGRA FOODS INC	5,575	$249K	0.1%	$44.66 *	$17.69	+39.0%	COM	205887102
LYB	LYONDELLBASELL INDUSTRIES NV	2,820	$241K	0.1%	$85.46 *	$45.77	+7.2%	COM	N53745100
MDU	M D U RESOURCES GROUP	11,946	$232K	0.1%	$19.42 *	$6.58	-15.7%	COM	552690109
—	SKECHERS USA INC	7,480	$228K	0.1%	$30.48	$30.48	—	COM	830566105
SHW	SHERWIN WILLIAMS CO	775	$221K	0.1%	$285.16 *	$79.84	+8.6%	COM	824348106
—	MAXIM INTEGRATED PRODS	5,850	$215K	0.1%	$36.75	$35.74	—	COM	57772K101
MTB	M & T BANK CORP	1,881	$209K	0.1%	$111.11 *	$74.10	+13.6%	COM	55261F104
UNH	UNITED HEALTHCARE CORP	5,556	$204K	0.1%	$36.72 *	$100.22	+10.0%	COM	91324P102
WMB	WILLIAMS COMPANIES	10,860	$175K	0.1%	$16.11 *	$26.96	-64.7%	COM	969457100
—	ALPS ALERIAN MLP ETF	12,700	$139K	0.0%	$10.94	$16.33	—	COM	00162Q866
—	ARIAD PHARMACEUTICALS INC	20,000	$128K	0.0%	$6.40	$8.25	—	COM	04033A100
—	TWO HBRS INVT CORP COM	13,000	$103K	0.0%	$7.92	$8.85	—	COM	90187B101
—	REXAHN PHARMACEUTICALS INC	200,000	$66,000	0.0%	$0.33	$0.36	—	COM	761640101
—	ATHERSYS INC	22,500	$51,000	0.0%	$2.27	$1.11	—	COM	04744L106
—	WORLDS ONLINE INC	206,667	$21,000	0.0%	$0.10	$0.14	—	COM	98160J108
—	WOLDS INC	650,000	$12,000	0.0%	$0.02	$0.08	—	COM	98159J101
—	DISCOVERY CORP ENTERPRISES INC	34,000	$1,000	0.0%	$0.03	$0.06	—	COM	25466Y109
—	WESTMONT RESOURCES INC	30,000	$0	0.0%	$0.00	—	—	COM	96081P302
—	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	0.0%	COM	00737M200
—	AIMGLOBAL TECHNOLOGIES INC	41,000	$0	0.0%	$0.00	—	—	COM	00900N100