Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OBT	ORANGE CNTY BANCORP INC	467,723	$20.24M	6.3%	$43.26 *	$10.78	+8.1%	COM	68417L107
MDT	MEDTRONIC PLC	171,075	$14.78M	4.6%	$86.40 *	$58.21	+17.7%	COM	G5960L103
ISRG	INTUITIVE SURGICAL INC NEW	19,080	$13.83M	4.3%	$724.84 *	$56.31	+43.0%	COM	46120E602
JNJ	JOHNSON & JOHNSON	82,554	$9.752M	3.0%	$118.13 *	$59.91	+52.6%	COM	478160104
—	STERLING BANCORP DEL COM	540,540	$9.459M	2.9%	$17.50	$13.37	—	COM	85917A100
HD	HOME DEPOT INC	69,451	$8.937M	2.8%	$128.68 *	$57.02	+80.7%	COM	437076102
MSFT	MICROSOFT CORP	141,241	$8.136M	2.5%	$57.60 *	$28.35	+81.5%	COM	594918104
XOM	EXXON MOBIL CORPORATION	87,812	$7.664M	2.4%	$87.28 *	$54.01	+7.0%	COM	30231G102
—	GENERAL ELECTRIC COMPANY	245,890	$7.283M	2.3%	$29.62	$23.94	—	COM	369604103
TMO	THERMO ELECTRON CORP	41,353	$6.578M	2.0%	$159.07 *	$80.64	+92.3%	COM	883556102
INTC	INTEL CORP	168,545	$6.363M	2.0%	$37.75 *	$17.68	+73.0%	COM	458140100
PEP	PEPSICO INCORPORATED	58,150	$6.325M	2.0%	$108.77 *	$56.77	+44.8%	COM	713448108
JPM	JP MORGAN CHASE & CO	88,862	$5.917M	1.8%	$66.59 *	$37.96	+36.8%	COM	46625H100
CVS	C V S CORP DEL	65,234	$5.805M	1.8%	$88.99 *	$42.92	+55.8%	COM	126650100
PFE	PFIZER INCORPORATED	162,323	$5.498M	1.7%	$33.87 *	$16.75	+28.1%	COM	717081103
VZ	VERIZON COMMUNICATIONS	102,821	$5.345M	1.7%	$51.98 *	$27.16	+17.3%	COM	92343V104
CSCO	CISCO SYSTEMS INC	168,417	$5.342M	1.7%	$31.72 *	$15.67	+51.8%	COM	17275R102
AAPL	APPLE COMPUTER INC	47,206	$5.337M	1.7%	$113.06 *	$22.96	+12.9%	COM	037833100
CVX	CHEVRONTEXACO CORP	48,346	$4.976M	1.5%	$102.92 *	$71.10	-2.4%	COM	166764100
LLY	ELI LILLY & COMPANY	55,935	$4.489M	1.4%	$80.25 *	$59.53	+15.8%	COM	532457108
KHC	KRAFT HEINZ CO	46,663	$4.177M	1.3%	$89.51 *	$47.85	+23.2%	COM	500754106
WFC	WELLS FARGO & CO NEW	92,180	$4.082M	1.3%	$44.28 *	$31.42	+8.8%	COM	949746101
RMD	RESMED INC	58,000	$4.062M	1.3%	$70.03 *	$54.24	+7.8%	COM	761152107
ORCL	ORACLE CORPORATION	103,067	$4.048M	1.3%	$39.28 *	$28.21	+21.1%	COM	68389X105
BA	BOEING CO	30,507	$4.019M	1.2%	$131.74 *	$88.10	+37.6%	COM	097023105
MRK	MERCK & CO INC	61,450	$3.835M	1.2%	$62.41 *	$30.80	+45.4%	COM	58933Y105
PG	PROCTER & GAMBLE CO	42,065	$3.775M	1.2%	$89.74 *	$55.04	+26.9%	COM	742718109
—	EXPRESS SCRIPTS A	52,899	$3.731M	1.2%	$70.53	$66.60	—	COM	30219G108
META	FACEBOOK INC CL A	26,506	$3.4M	1.1%	$128.27	$96.59	+31.9%	COM	30303M102
T	AT & T INC	81,168	$3.296M	1.0%	$40.61 *	$11.48	+37.8%	COM	00206R102
DIS	DISNEY WALT HOLDING CO	31,347	$2.911M	0.9%	$92.86 *	$87.96	-2.0%	COM	254687106
BK	THE BANK OF NY MELLON CORP	72,877	$2.906M	0.9%	$39.88 *	$22.84	+37.0%	COM	064058100
—	ALLERGAN INC	12,477	$2.874M	0.9%	$230.34	$304.13	—	COM	G0177J108
PFF	ISHARES TR S&P US PFD STK INDE	70,800	$2.797M	0.9%	$39.51	$39.39	+0.3%	COM	464288687
ADP	AUTO DATA PROCESSING	31,517	$2.78M	0.9%	$88.21 *	$46.51	+55.7%	COM	053015103
—	CHUBB CORPORATION	21,623	$2.717M	0.8%	$125.65	$87.23	—	COM	171232101
GLW	CORNING INC	114,529	$2.709M	0.8%	$23.65 *	$12.28	+50.6%	COM	219350105
—	DOW CHEMICAL COMPANY	50,772	$2.632M	0.8%	$51.84	$36.48	—	COM	260543103
GOOG	ALPHABET INC CLASS C	3,332	$2.59M	0.8%	$777.31 *	$33.24	+16.1%	COM	02079K107
BMY	BRISTOL-MYERS SQUIBB CO	47,377	$2.555M	0.8%	$53.93 *	$29.10	+33.1%	COM	110122108
GS	GOLDMAN SACHS GROUP INC	15,793	$2.547M	0.8%	$161.27 *	$126.81	+4.9%	COM	38141G104
BAC	BANKAMERICA CORP	150,179	$2.35M	0.7%	$15.65 *	$10.46	+21.6%	COM	060505104
—	SPECTRA ENERGY CORP	53,980	$2.308M	0.7%	$42.76	$32.06	—	COM	847560109
—	3M COMPANY	12,936	$2.28M	0.7%	$176.25	$110.95	—	COM	885794101
UNH	UNITED HEALTHCARE CORP	15,834	$2.217M	0.7%	$140.02 *	$114.05	+6.0%	COM	91324P102
—	SUNTRUST BANKS INC	48,713	$2.134M	0.7%	$43.81	$40.20	—	COM	867914103
—	HARRIS CORP DEL	22,429	$2.055M	0.6%	$91.62	$78.42	—	COM	413875105
—	CITRIX SYSTEMS INC	23,435	$1.997M	0.6%	$85.21	$60.37	—	COM	177376100
—	BROADCOM LTD	11,377	$1.963M	0.6%	$172.54	$156.97	—	COM	Y09827109
SBUX	STARBUCKS CORP	35,995	$1.949M	0.6%	$54.15 *	$43.96	+1.1%	COM	855244109
—	RED HAT INC	23,995	$1.94M	0.6%	$80.85	$75.25	—	COM	756577102
IBM	INTL BUSINESS MACHINES	11,464	$1.821M	0.6%	$158.85 *	$115.22	-11.3%	COM	459200101
NKE	NIKE INC CLASS B	34,445	$1.814M	0.6%	$52.66 *	$48.78	-4.2%	COM	654106103
ADBE	ADOBE SYSTEMS INC	16,626	$1.805M	0.6%	$108.56	$91.16	+19.1%	COM	00724F101
—	RAYTHEON COMPANY NEW	13,245	$1.803M	0.6%	$136.13	$93.71	—	COM	755111507
SYY	SYSCO CORPORATION	36,778	$1.802M	0.6%	$49.00 *	$24.67	+55.7%	COM	871829107
WMT	WAL-MART STORES INC	23,554	$1.699M	0.5%	$72.13 *	$20.01	+2.3%	COM	931142103
MAS	MASCO CORP	48,444	$1.662M	0.5%	$34.31 *	$23.57	+26.5%	COM	574599106
EMR	EMERSON ELECTRIC CO	29,822	$1.626M	0.5%	$54.52 *	$40.33	+7.1%	COM	291011104
PNC	PNC FINANCIAL SERVICES	17,662	$1.591M	0.5%	$90.08 *	$52.93	+25.6%	COM	693475105
HAL	HALLIBURTON COMPANY	34,873	$1.565M	0.5%	$44.88 *	$33.51	+11.9%	COM	406216101
SJM	SMUCKER J M CO	11,549	$1.565M	0.5%	$135.51 *	$99.94	+1.8%	COM	832696405
—	CELGENE CORP	14,508	$1.517M	0.5%	$104.56	$109.09	—	COM	151020104
GILD	GILEAD SCIENCES INC	19,130	$1.514M	0.5%	$79.14 *	$71.89	-21.3%	COM	375558103
AMGN	AMGEN INC COM	8,789	$1.466M	0.5%	$166.80 *	$92.82	+36.1%	COM	031162100
TROW	PRICE T ROWE GROUP INC	21,610	$1.437M	0.4%	$66.50 *	$51.69	-8.2%	COM	74144T108
DUK	DUKE ENERGY CORPORATION	17,161	$1.374M	0.4%	$80.07 *	$47.35	+15.6%	COM	26441C204
PSX	PHILLIPS 66	15,989	$1.288M	0.4%	$80.56 *	$40.67	+39.2%	COM	718546104
MO	ALTRIA GROUP INC	19,915	$1.259M	0.4%	$63.22 *	$18.29	+82.2%	COM	02209S103
DG	DOLLAR GENERAL CORPORATION	17,662	$1.236M	0.4%	$69.98 *	$67.69	-8.2%	COM	256677105
—	JOHNSON CONTROLS INC	24,584	$1.144M	0.4%	$46.53	$42.85	—	COM	478366107
—	TIME WARNER INC	14,373	$1.144M	0.4%	$79.59	$60.29	—	COM	00184A105
CAH	CARDINAL HEALTH INC	14,575	$1.132M	0.4%	$77.67 *	$32.61	+82.2%	COM	14149Y108
—	ABBVIE INC COM	17,922	$1.13M	0.4%	$63.05	$42.68	—	COM	002874109
NOC	NORTHROP GRUMMAN CORP	5,135	$1.099M	0.3%	$214.02 *	$63.97	+188.3%	COM	666807102
MDLZ	MONDELEZ INTL INC CL A	24,660	$1.083M	0.3%	$43.92 *	$23.16	+52.8%	COM	609207105
TD	TORONTO DOMINION BK	23,505	$1.044M	0.3%	$44.42	$45.00	-1.3%	COM	891160509
MRSH	MARSH & MCLENNAN CO INC	15,182	$1.021M	0.3%	$67.25 *	$49.13	+16.9%	COM	571748102
LMT	LOCKHEED MARTIN CORP	4,216	$1.011M	0.3%	$239.80 *	$141.74	+32.3%	COM	539830109
COP	CONOCOPHILLIPS	22,895	$995K	0.3%	$43.46 *	$40.86	-20.2%	COM	20825C104
—	BERKSHIRE BANCP INC DEL	121,929	$966K	0.3%	$7.92	$7.95	—	COM	084597202
—	ST JUDE MEDICAL INC	11,750	$937K	0.3%	$79.74	$68.94	—	COM	790849103
PPL	PPL CORPORATION	24,887	$860K	0.3%	$34.56 *	$17.30	+32.4%	COM	69351T106
FDX	FEDEX CORPORATION	4,904	$857K	0.3%	$174.76 *	$142.41	+5.8%	COM	31428X106
OSK	OSHKOSH CORP	14,552	$815K	0.3%	$56.01 *	$34.02	+42.6%	COM	688239201
EL	ESTEE LAUDER COMPANIES INC	9,049	$801K	0.2%	$88.52 *	$75.87	+3.7%	COM	518439104
IFF	INTL FLAVOR & FRAGRANCES	5,150	$736K	0.2%	$142.91 *	$58.18	+95.4%	COM	459506101
—	DU PONT E I DE NEMOUR&CO	10,951	$733K	0.2%	$66.93	$56.92	—	COM	263534109
MS	MORGAN STANLEY	22,450	$720K	0.2%	$32.07 *	$24.33	+1.1%	COM	617446448
VLO	VALERO ENERGY CORP	13,300	$705K	0.2%	$53.01 *	$36.72	-0.2%	COM	91913Y100
—	NEXTERA ENERGY INC.	5,653	$692K	0.2%	$122.41	$82.80	—	COM	302571104
CMC	COMMERCIAL METALS CO	41,978	$680K	0.2%	$16.20 *	$12.06	+12.1%	COM	201723103
ABT	ABBOTT LABORATORIES	15,749	$666K	0.2%	$42.29 *	$29.00	+23.0%	COM	002824100
—	UNITED TECHNOLOGIES CORP	6,464	$657K	0.2%	$101.64	$112.67	—	COM	913017109
USB	US BANCORP DEL NEW	15,150	$650K	0.2%	$42.90 *	$26.20	+16.2%	COM	902973304
ITW	ILLINOIS TOOL WORKS INC	5,373	$644K	0.2%	$119.86 *	$52.93	+82.1%	COM	452308109
LOW	LOWES COMPANIES INC	8,785	$634K	0.2%	$72.17 *	$34.99	+73.7%	COM	548661107
LECO	LINCOLN ELEC HLDGS INC	9,928	$622K	0.2%	$62.65	$58.17	+7.6%	COM	533900106
CSX	C S X CORP	20,387	$622K	0.2%	$30.51 *	$8.57	+4.4%	COM	126408103
MCD	MCDONALDS CORP	4,905	$566K	0.2%	$115.39 *	$72.38	+27.8%	COM	580135101
MET	METLIFE INC	12,422	$552K	0.2%	$44.44 *	$28.27	+2.4%	COM	59156R108
HON	HONEYWELL INTERNATIONAL	4,375	$510K	0.2%	$116.57 *	$63.47	+36.3%	COM	438516106
AMT	AMERN TOWER CORP CLASS A	4,430	$502K	0.2%	$113.32 *	$77.95	+15.5%	COM	03027X100
LEN	LENNAR CORP	11,688	$495K	0.2%	$42.35 *	$42.21	-12.9%	COM	526057104
TAP	MOLSON COORS	4,445	$488K	0.2%	$109.79 *	$61.80	+40.6%	COM	60871R209
CAT	CATERPILLAR INC	5,489	$487K	0.2%	$88.72 *	$63.67	+12.6%	COM	149123101
KMB	KIMBERLY-CLARK CORP	3,750	$473K	0.1%	$126.13 *	$68.94	+33.0%	COM	494368103
SO	THE SOUTHERN COMPANY	8,951	$459K	0.1%	$51.28 *	$26.55	+31.2%	COM	842587107
JFBC	JEFFERSONVILLE BANCORP	30,006	$442K	0.1%	$14.73 *	$11.22	+23.7%	COM	47559A103
CL	COLGATE-PALMOLIVE CO	5,888	$437K	0.1%	$74.22 *	$45.65	+30.6%	COM	194162103
SHW	SHERWIN WILLIAMS CO	1,525	$422K	0.1%	$276.72 *	$84.38	+0.5%	COM	824348106
KO	COCA COLA COMPANY	9,750	$413K	0.1%	$42.36 *	$29.10	+8.7%	COM	191216100
QCOM	QUALCOMM INC	5,843	$400K	0.1%	$68.46 *	$49.68	+6.9%	COM	747525103
KMX	CARMAX INC	7,416	$396K	0.1%	$53.40	$68.49	-22.1%	COM	143130102
—	ATRION CORP	900	$384K	0.1%	$426.67	$361.11	—	COM	049904105
RVTY	PERKINELMER INC	6,734	$378K	0.1%	$56.13 *	$51.47	+6.1%	COM	714046109
—	ROYAL DUTCH SHELL SPON ADR	7,500	$376K	0.1%	$50.13	$65.11	—	COM	780259206
SCHW	THE CHARLES SCHWAB CORP	11,771	$372K	0.1%	$31.60 *	$18.94	+48.1%	COM	808513105
M	MACYS INC	10,050	$372K	0.1%	$37.01	$42.48	-12.8%	COM	55616P104
BCPC	BALCHEM CORP	4,527	$351K	0.1%	$77.53 *	$44.23	+66.3%	COM	057665200
WMB	WILLIAMS COMPANIES	11,397	$350K	0.1%	$30.71 *	$26.11	-27.7%	COM	969457100
CMCSA	COMCAST CORP NEW CL A	5,056	$335K	0.1%	$66.26 *	$17.21	+54.1%	COM	20030N101
BP	BP PLC ADR	9,104	$320K	0.1%	$35.15	$43.77	-19.7%	COM	055622104
LYB	LYONDELLBASELL INDUSTRIES NV	3,936	$317K	0.1%	$80.54 *	$45.97	+2.8%	COM	N53745100
EBAY	EBAY INC COM	9,535	$314K	0.1%	$32.93 *	$22.01	+33.0%	COM	278642103
—	TEVA PHARM INDS LTD ADRF	6,786	$312K	0.1%	$45.98	$45.98	—	COM	882000000
NSC	NORFOLK SOUTHERN CORP	3,150	$306K	0.1%	$97.14 *	$68.74	+16.9%	COM	655844108
IYW	ISHARES TR DOW JONES US TECH S	2,450	$292K	0.1%	$119.18 *	$26.28	+13.2%	COM	464287721
—	ARIAD PHARMACEUTICALS INC	20,000	$274K	0.1%	$13.70	$8.25	—	COM	04033A100
EQT	EQT CORPORATION	3,750	$272K	0.1%	$72.53 *	$29.44	+23.6%	COM	26884L109
—	SKECHERS USA INC	11,600	$266K	0.1%	$22.93	$29.51	—	COM	830566105
AZO	AUTOZONE INC	346	$266K	0.1%	$768.79	$778.43	-1.3%	COM	053332102
CAG	CONAGRA FOODS INC	5,575	$263K	0.1%	$47.17 *	$17.69	+48.4%	COM	205887102
WKC	WORLD FUEL SERVICES CORP	5,500	$254K	0.1%	$46.18	$40.93	+13.0%	COM	981475106
ALB	ALBEMARLE CORP	2,920	$250K	0.1%	$85.62 *	$64.37	+17.3%	COM	012653101
—	ENERGEN CORPORATION	4,200	$242K	0.1%	$57.62	$48.10	—	COM	29265N108
ED	CONSOLIDATED EDISON INC	3,130	$236K	0.1%	$75.40 *	$53.16	+1.5%	COM	209115104
DRI	DARDEN RESTAURANTS INC	3,850	$236K	0.1%	$61.30 *	$31.18	+51.2%	COM	237194105
—	MAXIM INTEGRATED PRODS	5,800	$232K	0.1%	$40.00	$35.74	—	COM	57772K101
MTB	M & T BANK CORP	1,881	$218K	0.1%	$115.90 *	$74.10	+20.2%	COM	55261F104
—	CIMAREX ENERGY CO	1,600	$215K	0.1%	$134.38	$134.38	—	COM	171798101
EPD	ENTERPRISE PRD PRTNRS LP	7,660	$212K	0.1%	$27.68	$29.29	—	COM	293792107
—	ALPS ALERIAN MLP ETF	12,850	$163K	0.1%	$12.68	$16.29	—	COM	00162Q866
—	TWO HBRS INVT CORP COM	13,000	$111K	0.0%	$8.54	$8.85	—	COM	90187B101
—	ATHERSYS INC	22,500	$48,000	0.0%	$2.13	$2.13	—	COM	04744L106
—	REXAHN PHARMACEUTICALS INC	200,000	$42,000	0.0%	$0.21	$0.36	—	COM	761640101
—	WORLDS ONLINE INC	193,167	$24,000	0.0%	$0.12	$0.14	—	COM	98160J108
—	WOLDS INC	650,000	$21,000	0.0%	$0.03	$0.08	—	COM	98159J101
—	WESTMONT RESOURCES INC	30,000	$0	0.0%	$0.00	—	—	COM	96081P302
—	CHIMERA ENERGY CORP COM	16,600	$0	0.0%	$0.00	$87.23	—	COM	167250109
—	AIMGLOBAL TECHNOLOGIES INC	41,000	$0	0.0%	$0.00	—	—	COM	00900N100
—	BOREAL WATER COLLECTION INC CO	35,700	$0	0.0%	$0.00	—	—	COM	09971P100
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	$0.00	-90.0%	COM	00737M200