Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OBT	ORANGE CNTY BANCORP INC	479,871	$22.27M	6.1%	$46.40 *	$10.79	+7.5%	COM	68417L107
ISRG	INTUITIVE SURGICAL INC NEW	17,930	$16.77M	4.6%	$935.36 *	$56.31	+84.6%	COM	46120E602
MDT	MEDTRONIC PLC	164,471	$14.6M	4.0%	$88.75 *	$58.35	+22.0%	COM	G5960L103
HD	HOME DEPOT INC	69,909	$10.72M	3.0%	$153.40 *	$57.57	+117.0%	COM	437076102
JNJ	JOHNSON & JOHNSON	79,247	$10.48M	2.9%	$132.30 *	$59.91	+74.4%	COM	478160104
MSFT	MICROSOFT CORP	145,395	$10.02M	2.8%	$68.93 *	$28.88	+117.3%	COM	594918104
—	STERLING BANCORP DEL COM	383,690	$8.921M	2.5%	$23.25	$13.37	—	COM	85917A100
JPM	JP MORGAN CHASE & CO	95,795	$8.756M	2.4%	$91.40 *	$39.84	+82.2%	COM	46625H100
TMO	THERMO ELECTRON CORP	43,656	$7.617M	2.1%	$174.48 *	$84.67	+101.4%	COM	883556102
XOM	EXXON MOBIL CORPORATION	93,735	$7.567M	2.1%	$80.73 *	$54.19	+1.4%	COM	30231G102
—	GENERAL ELECTRIC COMPANY	224,599	$6.066M	1.7%	$27.01	$23.94	—	COM	369604103
PFE	PFIZER INCORPORATED	170,989	$5.744M	1.6%	$33.59 *	$17.08	+28.3%	COM	717081103
RMD	RESMED INC	58,564	$5.547M	1.5%	$94.72 *	$54.26	+31.5%	COM	761152107
WFC	WELLS FARGO & CO NEW	98,145	$5.438M	1.5%	$55.41 *	$31.77	+37.6%	COM	949746101
PEP	PEPSICO INCORPORATED	46,215	$5.337M	1.5%	$115.48 *	$57.99	+53.7%	COM	713448108
AAPL	APPLE, INC.	36,130	$5.203M	1.4%	$144.01 *	$23.04	+45.3%	COM	037833100
INTC	INTEL CORP	153,905	$5.193M	1.4%	$33.74 *	$17.68	+58.1%	COM	458140100
CVX	CHEVRONTEXACO CORP	48,092	$5.017M	1.4%	$104.32 *	$71.10	+1.9%	COM	166764100
BA	BOEING CO	24,430	$4.831M	1.3%	$197.75 *	$88.10	+111.5%	COM	097023105
META	FACEBOOK INC CL A	31,717	$4.789M	1.3%	$150.99	$102.27	+46.6%	COM	30303M102
KHC	KRAFT HEINZ CO	53,768	$4.605M	1.3%	$85.65 *	$49.15	+17.1%	COM	500754106
VZ	VERIZON COMMUNICATIONS	102,702	$4.587M	1.3%	$44.66 *	$27.16	+4.3%	COM	92343V104
LLY	ELI LILLY & COMPANY	55,558	$4.572M	1.3%	$82.29 *	$59.53	+21.1%	COM	532457108
CSCO	CISCO SYSTEMS INC	144,275	$4.516M	1.2%	$31.30 *	$15.78	+52.6%	COM	17275R102
BAC	BANKAMERICA CORP	178,435	$4.329M	1.2%	$24.26 *	$11.47	+73.7%	COM	060505104
MRK	MERCK & CO INC	66,647	$4.271M	1.2%	$64.08 *	$31.93	+47.3%	COM	58933Y105
GOOG	ALPHABET INC CLASS C	4,657	$4.232M	1.2%	$908.74 *	$35.72	+26.3%	COM	02079K107
ADBE	ADOBE SYSTEMS INC	29,668	$4.196M	1.2%	$141.43	$100.61	+40.6%	COM	00724F101
BK	THE BANK OF NY MELLON CORP	82,203	$4.194M	1.2%	$51.02 *	$24.38	+66.3%	COM	064058100
GS	GOLDMAN SACHS GROUP INC	17,625	$3.911M	1.1%	$221.90 *	$132.00	+40.0%	COM	38141G104
DIS	DISNEY WALT HOLDING CO	36,719	$3.901M	1.1%	$106.24 *	$89.37	+11.2%	COM	254687106
UNH	UNITED HEALTHCARE CORP	20,242	$3.753M	1.0%	$185.41 *	$119.39	+35.7%	COM	91324P102
—	DOW CHEMICAL COMPANY	57,059	$3.599M	1.0%	$63.08	$39.05	—	COM	260543103
PG	PROCTER & GAMBLE CO	41,119	$3.584M	1.0%	$87.16 *	$55.27	+25.6%	COM	742718109
ORCL	ORACLE CORPORATION	70,118	$3.516M	1.0%	$50.14 *	$28.21	+56.4%	COM	68389X105
—	SUNTRUST BANKS INC	61,718	$3.501M	1.0%	$56.73	$43.46	—	COM	867914103
PFF	ISHARES TR S&P US PFD STK INDE	89,200	$3.494M	1.0%	$39.17	$39.21	-0.1%	COM	464288687
—	BROADCOM LTD	14,681	$3.421M	0.9%	$233.02	$167.77	—	COM	Y09827109
ADP	AUTO DATA PROCESSING	32,422	$3.322M	0.9%	$102.46 *	$47.86	+78.8%	COM	053015103
CVS	C V S CORP DEL	40,008	$3.219M	0.9%	$80.46 *	$42.92	+43.4%	COM	126650100
T	AT & T INC	84,516	$3.189M	0.9%	$37.73 *	$11.72	+31.4%	COM	00206R102
—	CHUBB CORPORATION	20,916	$3.041M	0.8%	$145.39	$87.70	—	COM	171232101
GLW	CORNING INC	99,902	$3.002M	0.8%	$30.05 *	$12.28	+94.6%	COM	219350105
—	CELGENE CORP	22,861	$2.969M	0.8%	$129.87	$114.03	—	COM	151020104
—	RED HAT INC	29,680	$2.842M	0.8%	$95.75	$75.42	—	COM	756577102
—	HARRIS CORP DEL	25,802	$2.814M	0.8%	$109.06	$81.65	—	COM	413875105
ENB	ENBRIDGE INC	69,698	$2.775M	0.8%	$39.81 *	$24.64	-3.9%	COM	29250N105
—	3M COMPANY	13,131	$2.734M	0.8%	$208.21	$112.55	—	COM	885794101
NKE	NIKE INC CLASS B	44,537	$2.628M	0.7%	$59.01 *	$48.62	+8.8%	COM	654106103
MRSH	MARSH & MCLENNAN CO INC	32,923	$2.567M	0.7%	$77.97 *	$56.71	+19.7%	COM	571748102
PNC	PNC FINANCIAL SERVICES	20,232	$2.526M	0.7%	$124.85 *	$56.42	+65.8%	COM	693475105
SBUX	STARBUCKS CORP	43,265	$2.523M	0.7%	$58.32 *	$44.78	+8.3%	COM	855244109
MAS	MASCO CORP	64,102	$2.449M	0.7%	$38.20 *	$24.90	+34.5%	COM	574599106
—	RAYTHEON COMPANY NEW	15,000	$2.422M	0.7%	$161.47	$100.26	—	COM	755111507
FDX	FEDEX CORPORATION	10,860	$2.36M	0.7%	$217.31 *	$154.96	+21.7%	COM	31428X106
AMT	AMERN TOWER CORP CLASS A	17,676	$2.339M	0.6%	$132.33 *	$85.32	+25.1%	COM	03027X100
—	ALLERGAN PLC	8,672	$2.108M	0.6%	$243.08	$304.13	—	COM	G0177J108
DUK	DUKE ENERGY CORPORATION	23,977	$2.004M	0.6%	$83.58 *	$49.86	+18.5%	COM	26441C204
AMGN	AMGEN INC COM	10,956	$1.887M	0.5%	$172.23 *	$98.19	+35.6%	COM	031162100
COP	CONOCOPHILLIPS	41,317	$1.816M	0.5%	$43.95 *	$38.74	-13.4%	COM	20825C104
SYY	SYSCO CORPORATION	34,680	$1.745M	0.5%	$50.32 *	$24.67	+62.9%	COM	871829107
EMR	EMERSON ELECTRIC CO	28,301	$1.687M	0.5%	$59.61 *	$40.33	+20.1%	COM	291011104
WMT	WAL-MART STORES INC	22,150	$1.676M	0.5%	$75.67 *	$20.01	+9.7%	COM	931142103
CSX	C S X CORP	30,492	$1.664M	0.5%	$54.57 *	$9.23	+75.6%	COM	126408103
SJM	SMUCKER J M CO	13,863	$1.64M	0.5%	$118.30 *	$99.74	-9.4%	COM	832696405
IBM	INTL BUSINESS MACHINES	10,586	$1.628M	0.4%	$153.79 *	$115.22	-11.8%	COM	459200101
MO	ALTRIA GROUP INC	21,240	$1.582M	0.4%	$74.48 *	$19.83	+102.9%	COM	02209S103
BMY	BRISTOL-MYERS SQUIBB CO	27,217	$1.517M	0.4%	$55.74 *	$29.10	+40.4%	COM	110122108
—	EXPRESS SCRIPTS A	23,573	$1.505M	0.4%	$63.84	$66.60	—	COM	30219G108
PSX	PHILLIPS 66	17,702	$1.464M	0.4%	$82.70 *	$42.30	+40.7%	COM	718546104
HAL	HALLIBURTON COMPANY	34,224	$1.462M	0.4%	$42.72 *	$33.57	+7.5%	COM	406216101
HON	HONEYWELL INTERNATIONAL	10,630	$1.417M	0.4%	$133.30 *	$83.80	+20.6%	COM	438516106
MS	MORGAN STANLEY	30,522	$1.36M	0.4%	$44.56 *	$25.65	+35.3%	COM	617446448
NOC	NORTHROP GRUMMAN CORP	5,235	$1.344M	0.4%	$256.73 *	$66.01	+238.9%	COM	666807102
LMT	LOCKHEED MARTIN CORP	4,592	$1.275M	0.4%	$277.66 *	$146.43	+51.3%	COM	539830109
TD	TORONTO DOMINION BK	25,201	$1.27M	0.3%	$50.39	$45.25	+11.3%	COM	891160509
LECO	LINCOLN ELEC HLDGS INC	13,600	$1.252M	0.3%	$92.06	$62.66	+47.0%	COM	533900106
—	ABBVIE INC COM	16,677	$1.209M	0.3%	$72.50	$42.68	—	COM	002874109
DG	DOLLAR GENERAL CORPORATION	16,598	$1.197M	0.3%	$72.12 *	$67.23	-4.1%	COM	256677105
OSK	OSHKOSH CORP	17,298	$1.191M	0.3%	$68.85 *	$37.10	+62.3%	COM	688239201
ABT	ABBOTT LABORATORIES	24,323	$1.182M	0.3%	$48.60 *	$32.24	+29.7%	COM	002824100
—	TIME WARNER INC	11,324	$1.137M	0.3%	$100.41	$60.29	—	COM	00184A105
—	BERKSHIRE BANCP INC DEL	110,320	$1.12M	0.3%	$10.15	$7.97	—	COM	084597202
—	CITRIX SYSTEMS INC	14,005	$1.115M	0.3%	$79.61	$60.37	—	COM	177376100
MDLZ	MONDELEZ INTL INC CL A	24,670	$1.065M	0.3%	$43.17 *	$23.72	+48.7%	COM	609207105
CAH	CARDINAL HEALTH INC	12,450	$970K	0.3%	$77.91 *	$32.61	+86.0%	COM	14149Y108
PPL	PPL CORPORATION	24,284	$939K	0.3%	$38.67 *	$17.30	+52.9%	COM	69351T106
EL	ESTEE LAUDER COMPANIES INC	9,291	$892K	0.2%	$96.01 *	$76.32	+13.1%	COM	518439104
VLO	VALERO ENERGY CORP	12,940	$873K	0.2%	$67.47 *	$36.72	+31.0%	COM	91913Y100
LEN	LENNAR CORP	16,125	$860K	0.2%	$53.33 *	$41.89	+10.8%	COM	526057104
MET	METLIFE INC	15,043	$826K	0.2%	$54.91 *	$29.42	+24.6%	COM	59156R108
—	DU PONT E I DE NEMOUR&CO	10,051	$811K	0.2%	$80.69	$56.92	—	COM	263534109
LYB	LYONDELLBASELL INDUSTRIES NV	9,545	$806K	0.2%	$84.44 *	$49.24	+3.5%	COM	N53745100
MCD	MCDONALDS CORP	5,014	$768K	0.2%	$153.17 *	$72.75	+72.4%	COM	580135101
SHW	SHERWIN WILLIAMS CO	2,182	$766K	0.2%	$351.05 *	$84.17	+28.8%	COM	824348106
—	UNITED TECHNOLOGIES CORP	6,074	$742K	0.2%	$122.16	$112.67	—	COM	913017109
RVTY	PERKINELMER INC	10,804	$736K	0.2%	$68.12 *	$51.60	+29.1%	COM	714046109
ITW	ILLINOIS TOOL WORKS INC	5,063	$725K	0.2%	$143.20 *	$52.93	+120.9%	COM	452308109
DHR	DANAHER CORP	8,255	$697K	0.2%	$84.43 *	$71.36	+0.7%	COM	235851102
—	NEXTERA ENERGY INC.	4,842	$679K	0.2%	$140.23	$82.80	—	COM	302571104
IFF	INTL FLAVOR & FRAGRANCES	4,650	$628K	0.2%	$135.05 *	$58.18	+87.2%	COM	459506101
TAP	MOLSON COORS	6,950	$600K	0.2%	$86.33 *	$69.23	-0.0%	COM	60871R209
KMX	CARMAX INC	9,348	$589K	0.2%	$63.01	$64.60	-2.4%	COM	143130102
LOW	LOWES COMPANIES INC	7,475	$580K	0.2%	$77.59 *	$34.99	+89.2%	COM	548661107
—	ATRION CORP	900	$579K	0.2%	$643.33	$467.78	—	COM	049904105
CAT	CATERPILLAR INC	5,389	$579K	0.2%	$107.44 *	$63.67	+39.9%	COM	149123101
EBAY	EBAY INC COM	16,398	$573K	0.2%	$34.94 *	$24.03	+29.3%	COM	278642103
GILD	GILEAD SCIENCES INC	7,535	$533K	0.1%	$70.74 *	$71.89	-28.1%	COM	375558103
—	ROYAL DUTCH SHELL SPON ADR	9,030	$480K	0.1%	$53.16	$63.16	—	COM	780259206
CMC	COMMERCIAL METALS CO	24,295	$472K	0.1%	$19.43 *	$12.06	+37.1%	COM	201723103
JFBC	JEFFERSONVILLE BANCORP	30,006	$452K	0.1%	$15.06 *	$11.22	+39.3%	COM	47559A103
KMB	KIMBERLY-CLARK CORP	3,470	$448K	0.1%	$129.11 *	$69.92	+37.3%	COM	494368103
BP	BP PLC ADR	12,879	$446K	0.1%	$34.63	$41.30	-16.1%	COM	055622104
KO	COCA COLA COMPANY	9,288	$417K	0.1%	$44.90 *	$29.20	+17.8%	COM	191216100
WMB	WILLIAMS COMPANIES	13,498	$409K	0.1%	$30.30 *	$24.92	-23.3%	COM	969457100
SO	THE SOUTHERN COMPANY	8,464	$405K	0.1%	$47.85 *	$26.55	+26.8%	COM	842587107
SCHW	THE CHARLES SCHWAB CORP	9,196	$395K	0.1%	$42.95 *	$18.94	+102.8%	COM	808513105
CMCSA	COMCAST CORP NEW CL A	10,112	$394K	0.1%	$38.96 *	$23.66	+33.7%	COM	20030N101
CL	COLGATE-PALMOLIVE CO	5,263	$390K	0.1%	$74.10 *	$45.65	+32.8%	COM	194162103
NSC	NORFOLK SOUTHERN CORP	3,100	$377K	0.1%	$121.61 *	$68.74	+49.0%	COM	655844108
AZO	AUTOZONE INC	622	$355K	0.1%	$570.74	$760.02	-24.9%	COM	053332102
DRI	DARDEN RESTAURANTS INC	3,925	$355K	0.1%	$90.45 *	$32.28	+120.6%	COM	237194105
—	TWO HBRS INVT CORP COM	34,700	$344K	0.1%	$9.91	$9.01	—	COM	90187B101
PM	PHILIP MORRIS INTL INC	2,739	$322K	0.1%	$117.56 *	$59.99	+26.5%	COM	718172109
BCPC	BALCHEM CORP	4,080	$317K	0.1%	$77.70 *	$44.23	+67.4%	COM	057665200
IYW	ISHARES TR DOW JONES US TECH S	2,225	$311K	0.1%	$139.78 *	$26.28	+32.9%	COM	464287721
—	NUVEEN AMT FREE MUN INCOME FD	22,000	$301K	0.1%	$13.68	$13.32	—	COM	670657105
TROW	PRICE T ROWE GROUP INC	3,970	$295K	0.1%	$74.31 *	$51.69	+4.8%	COM	74144T108
QCOM	QUALCOMM INC	5,141	$284K	0.1%	$55.24 *	$49.68	-11.5%	COM	747525103
JCI	JOHNSON CONTROLS INTERNATIONAL	6,291	$273K	0.1%	$43.40 *	$34.30	+4.3%	COM	G51502105
MTB	M & T BANK CORP	1,645	$266K	0.1%	$161.70 *	$74.10	+70.0%	COM	55261F104
—	GLAXOSMITHKLINE PLC ADR	5,883	$254K	0.1%	$43.18	$43.18	—	COM	37733W105
EPD	ENTERPRISE PRD PRTNRS LP	9,301	$252K	0.1%	$27.09	$28.90	—	COM	293792107
SUN	SUNOCO INC	8,000	$245K	0.1%	$30.63	$30.63	—	COM	86765K109
—	MAXIM INTEGRATED PRODS	5,425	$244K	0.1%	$44.98	$35.79	—	COM	57772K101
—	ALPS ALERIAN MLP ETF	20,275	$242K	0.1%	$11.94	$14.28	—	COM	00162Q866
ED	CONSOLIDATED EDISON INC	2,880	$233K	0.1%	$80.90 *	$53.16	+12.0%	COM	209115104
ALB	ALBEMARLE CORP	2,150	$227K	0.1%	$105.58 *	$86.27	+9.0%	COM	012653101
EQT	EQT CORPORATION	3,750	$220K	0.1%	$58.67 *	$29.44	-0.1%	COM	26884L109
WKC	WORLD FUEL SERVICES CORP	5,381	$207K	0.1%	$38.47	$36.56	+5.2%	COM	981475106
AES	AES CORP	18,359	$204K	0.1%	$11.11 *	$8.37	-2.9%	COM	00130H105
—	REXAHN PHARMACEUTICALS INC	20,000	$57,000	0.0%	$2.85	$0.36	—	COM	761640101
—	GREATER HUDSON BANK NA	11,000	$52,000	0.0%	$4.73	$4.27	—	COM	391868106
—	ATHERSYS INC	22,500	$34,000	0.0%	$1.51	$2.13	—	COM	04744L106
—	WOLDS INC	600,000	$18,000	0.0%	$0.03	$0.08	—	COM	98159J101
—	PEREGINE PHARMACEUTICALS INC N	16,900	$10,000	0.0%	$0.59	$0.59	—	COM	713661502
—	BOREAL WATER COLLECTION INC CO	35,700	$0	0.0%	$0.00	—	—	COM	09971P100
—	WESTMONT RESOURCES INC	30,000	$0	0.0%	$0.00	—	—	COM	96081P302
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	$0.00	-90.0%	COM	00737M200
—	AIMGLOBAL TECHNOLOGIES INC	41,000	$0	0.0%	$0.00	—	—	COM	00900N100
—	CHIMERA ENERGY CORP COM	16,600	$0	0.0%	$0.00	$87.23	—	COM	167250109