Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OBT	ORANGE CNTY BANCORP INC	828,646	$23.41M	5.9%	$28.25 *	$12.69	+10.3%	COM	68417L107
ISRG	INTUITIVE SURGICAL INC NEW	48,818	$20.15M	5.1%	$412.84 *	$102.20	+34.6%	COM	46120E602
MSFT	MICROSOFT CORP	142,704	$13.03M	3.3%	$91.27 *	$28.88	+192.1%	COM	594918104
HD	HOME DEPOT INC	68,921	$12.28M	3.1%	$178.23 *	$57.57	+156.4%	COM	437076102
MDT	MEDTRONIC PLC	151,145	$12.13M	3.1%	$80.22 *	$58.35	+12.8%	COM	G5960L103
JPM	JP MORGAN CHASE & CO	96,874	$10.65M	2.7%	$109.97 *	$39.84	+122.9%	COM	46625H100
JNJ	JOHNSON & JOHNSON	73,977	$9.48M	2.4%	$128.15 *	$59.91	+72.2%	COM	478160104
BA	BOEING CO	27,838	$9.128M	2.3%	$327.90 *	$110.41	+184.4%	COM	097023105
TMO	THERMO ELECTRON CORP	43,571	$8.996M	2.3%	$206.47 *	$86.36	+134.2%	COM	883556102
—	STERLING BANCORP DEL COM	363,491	$8.197M	2.1%	$22.55	$13.37	—	COM	85917A100
AAPL	APPLE, INC.	48,396	$8.12M	2.0%	$167.78 *	$26.55	+48.6%	COM	037833100
PEP	PEPSICO INCORPORATED	64,154	$7.002M	1.8%	$109.14 *	$66.96	+28.6%	COM	713448108
XOM	EXXON MOBIL CORPORATION	93,470	$6.974M	1.8%	$74.61 *	$54.19	-3.5%	COM	30231G102
ADBE	ADOBE SYSTEMS INC	31,627	$6.834M	1.7%	$216.08	$105.74	+104.3%	COM	00724F101
INTC	INTEL CORP	127,831	$6.657M	1.7%	$52.08 *	$17.68	+148.9%	COM	458140100
RMD	RESMED INC	59,673	$6.545M	1.6%	$109.68 *	$55.12	+65.8%	COM	761152107
PFE	PFIZER INCORPORATED	167,894	$5.959M	1.5%	$35.49 *	$17.08	+39.4%	COM	717081103
BAC	BANKAMERICA CORP	196,748	$5.9M	1.5%	$29.99 *	$12.54	+99.0%	COM	060505104
—	BROADCOM LTD	23,970	$5.649M	1.4%	$235.67	$196.24	—	COM	Y09827109
CSCO	CISCO SYSTEMS INC	130,464	$5.596M	1.4%	$42.89 *	$15.78	+114.5%	COM	17275R102
META	FACEBOOK INC CL A	34,309	$5.482M	1.4%	$159.78	$107.85	+47.1%	COM	30303M102
GOOG	ALPHABET INC CLASS C	5,233	$5.399M	1.4%	$1031.72 *	$37.59	+36.2%	COM	02079K107
UNH	UNITED HEALTHCARE CORP	24,407	$5.223M	1.3%	$214.00 *	$131.84	+43.3%	COM	91324P102
CVX	CHEVRONTEXACO CORP	45,094	$5.143M	1.3%	$114.05 *	$71.10	+14.7%	COM	166764100
VZ	VERIZON COMMUNICATIONS	103,106	$4.931M	1.2%	$47.82 *	$27.16	+15.8%	COM	92343V104
—	RED HAT INC	31,332	$4.684M	1.2%	$149.50	$79.46	—	COM	756577102
PFF	ISHARES TR S&P US PFD STK INDE	123,113	$4.624M	1.2%	$37.56	$38.95	-3.6%	COM	464288687
GS	GOLDMAN SACHS GROUP INC	18,013	$4.537M	1.1%	$251.87 *	$136.17	+55.4%	COM	38141G104
—	DOWDUPONT INC	70,094	$4.466M	1.1%	$63.71	$69.14	—	COM	26078J100
LLY	ELI LILLY & COMPANY	56,548	$4.375M	1.1%	$77.37 *	$59.53	+16.2%	COM	532457108
—	SUNTRUST BANKS INC	63,184	$4.299M	1.1%	$68.04	$44.10	—	COM	867914103
—	HARRIS CORP DEL	26,621	$4.293M	1.1%	$161.26	$82.81	—	COM	413875105
BK	THE BANK OF NY MELLON CORP	81,110	$4.18M	1.1%	$51.53 *	$24.38	+70.2%	COM	064058100
WFC	WELLS FARGO & CO NEW	78,440	$4.111M	1.0%	$52.41 *	$31.77	+32.8%	COM	949746101
DIS	DISNEY WALT HOLDING CO	36,293	$3.645M	0.9%	$100.43 *	$89.57	+6.5%	COM	254687106
ADP	AUTO DATA PROCESSING	31,827	$3.612M	0.9%	$113.49 *	$47.86	+101.3%	COM	053015103
KHC	KRAFT HEINZ CO	56,323	$3.508M	0.9%	$62.28 *	$49.27	-12.9%	COM	500754106
FDX	FEDEX CORPORATION	13,741	$3.299M	0.8%	$240.08 *	$166.44	+26.0%	COM	31428X106
NKE	NIKE INC CLASS B	48,847	$3.245M	0.8%	$66.43 *	$49.24	+22.2%	COM	654106103
—	RAYTHEON COMPANY NEW	14,962	$3.229M	0.8%	$215.81	$101.79	—	COM	755111507
PNC	PNC FINANCIAL SERVICES	20,232	$3.06M	0.8%	$151.25 *	$59.15	+94.8%	COM	693475105
MRSH	MARSH & MCLENNAN CO INC	36,578	$3.021M	0.8%	$82.59 *	$58.22	+25.3%	COM	571748102
AMT	AMERN TOWER CORP CLASS A	20,551	$2.987M	0.8%	$145.35 *	$89.36	+32.5%	COM	03027X100
PG	PROCTER & GAMBLE CO	36,874	$2.923M	0.7%	$79.27 *	$55.27	+16.9%	COM	742718109
—	3M COMPANY	13,301	$2.92M	0.7%	$219.53	$125.11	—	COM	885794101
COP	CONOCOPHILLIPS	48,930	$2.901M	0.7%	$59.29 *	$39.26	+17.2%	COM	20825C104
T	AT & T INC	78,398	$2.795M	0.7%	$35.65 *	$11.78	+30.1%	COM	00206R102
EL	ESTEE LAUDER COMPANIES INC	18,242	$2.731M	0.7%	$149.71 *	$93.86	+44.8%	COM	518439104
ORCL	ORACLE CORPORATION	58,344	$2.669M	0.7%	$45.75 *	$28.21	+44.4%	COM	68389X105
—	CHUBB CORPORATION	19,471	$2.663M	0.7%	$136.77	$87.70	—	COM	171232101
MAS	MASCO CORP	65,547	$2.651M	0.7%	$40.44 *	$25.03	+42.8%	COM	574599106
—	CELGENE CORP	28,658	$2.557M	0.6%	$89.22	$112.57	—	COM	151020104
GLW	CORNING INC	88,537	$2.468M	0.6%	$27.88 *	$12.28	+83.5%	COM	219350105
HON	HONEYWELL INTERNATIONAL	16,830	$2.432M	0.6%	$144.50 *	$93.54	+18.8%	COM	438516106
MRK	MERCK & CO INC	38,536	$2.099M	0.5%	$54.47 *	$31.93	+28.3%	COM	58933Y105
ENB	ENBRIDGE INC	66,387	$2.089M	0.5%	$31.47 *	$24.64	-20.9%	COM	29250N105
DUK	DUKE ENERGY CORPORATION	26,796	$2.076M	0.5%	$77.47 *	$50.79	+11.3%	COM	26441C204
CSX	C S X CORP	37,030	$2.063M	0.5%	$55.71 *	$10.70	+56.5%	COM	126408103
AMGN	AMGEN INC COM	11,721	$1.998M	0.5%	$170.46 *	$100.93	+33.4%	COM	031162100
CVS	C V S CORP DEL	31,318	$1.948M	0.5%	$62.20 *	$42.92	+13.0%	COM	126650100
MS	MORGAN STANLEY	35,144	$1.896M	0.5%	$53.95 *	$27.83	+53.2%	COM	617446448
WMT	WAL-MART STORES INC	21,301	$1.895M	0.5%	$88.96 *	$20.07	+30.8%	COM	931142103
EMR	EMERSON ELECTRIC CO	27,361	$1.869M	0.5%	$68.31 *	$40.33	+40.8%	COM	291011104
SBUX	STARBUCKS CORP	31,670	$1.833M	0.5%	$57.88 *	$44.78	+9.2%	COM	855244109
NOC	NORTHROP GRUMMAN CORP	5,247	$1.832M	0.5%	$349.15 *	$66.01	+365.7%	COM	666807102
SYY	SYSCO CORPORATION	28,455	$1.706M	0.4%	$59.95 *	$24.67	+97.7%	COM	871829107
BMY	BRISTOL-MYERS SQUIBB CO	26,624	$1.684M	0.4%	$63.25 *	$29.88	+58.3%	COM	110122108
PSX	PHILLIPS 66	17,546	$1.683M	0.4%	$95.92 *	$42.30	+67.1%	COM	718546104
IBM	INTL BUSINESS MACHINES	10,813	$1.659M	0.4%	$153.43 *	$114.32	-8.6%	COM	459200101
—	GENERAL ELECTRIC COMPANY	121,863	$1.643M	0.4%	$13.48	$23.94	—	COM	369604103
LYB	LYONDELLBASELL INDUSTRIES NV	14,786	$1.563M	0.4%	$105.71 *	$52.09	+26.0%	COM	N53745100
LECO	LINCOLN ELEC HLDGS INC	16,798	$1.511M	0.4%	$89.95	$68.06	+32.2%	COM	533900106
—	ABBVIE INC COM	15,928	$1.508M	0.4%	$94.68	$42.68	—	COM	002874109
HAL	HALLIBURTON COMPANY	32,129	$1.508M	0.4%	$46.94 *	$33.57	+19.6%	COM	406216101
LMT	LOCKHEED MARTIN CORP	4,430	$1.497M	0.4%	$337.92 *	$146.43	+87.4%	COM	539830109
DG	DOLLAR GENERAL CORPORATION	15,787	$1.477M	0.4%	$93.56 *	$67.50	+25.2%	COM	256677105
ABT	ABBOTT LABORATORIES	24,138	$1.446M	0.4%	$59.91 *	$32.24	+62.3%	COM	002824100
OSK	OSHKOSH CORP	18,633	$1.44M	0.4%	$77.28 *	$41.11	+65.7%	COM	688239201
DHR	DANAHER CORP	14,645	$1.434M	0.4%	$97.92 *	$74.51	+12.4%	COM	235851102
—	EXPRESS SCRIPTS A	20,643	$1.426M	0.4%	$69.08	$66.60	—	COM	30219G108
TD	TORONTO DOMINION BK	23,547	$1.339M	0.3%	$56.86	$45.25	+25.6%	COM	891160509
—	BERKSHIRE BANCP INC DEL	108,320	$1.317M	0.3%	$12.16	$7.97	—	COM	084597202
—	CITRIX SYSTEMS INC	12,255	$1.137M	0.3%	$92.78	$60.37	—	COM	177376100
RVTY	PERKINELMER INC	14,507	$1.098M	0.3%	$75.69	$57.02	+30.2%	COM	714046109
LEN	LENNAR CORP	18,350	$1.082M	0.3%	$58.96 *	$43.32	+20.7%	COM	526057104
VLO	VALERO ENERGY CORP	11,440	$1.061M	0.3%	$92.74 *	$36.72	+85.2%	COM	91913Y100
MO	ALTRIA GROUP INC	16,798	$1.047M	0.3%	$62.33 *	$19.83	+75.0%	COM	02209S103
—	TIME WARNER INC	10,434	$987K	0.2%	$94.59	$60.29	—	COM	00184A105
MDLZ	MONDELEZ INTL INC CL A	22,317	$931K	0.2%	$41.72 *	$23.72	+46.0%	COM	609207105
EBAY	EBAY INC COM	23,087	$929K	0.2%	$40.24 *	$27.04	+32.4%	COM	278642103
SHW	SHERWIN WILLIAMS CO	2,206	$865K	0.2%	$392.11 *	$85.92	+42.0%	COM	824348106
CAT	CATERPILLAR INC	5,554	$819K	0.2%	$147.46 *	$67.61	+83.9%	COM	149123101
—	UNITED TECHNOLOGIES CORP	6,394	$804K	0.2%	$125.74	$113.44	—	COM	913017109
—	NEXTERA ENERGY INC.	4,876	$796K	0.2%	$163.25	$82.80	—	COM	302571104
MCD	MCDONALDS CORP	5,065	$792K	0.2%	$156.37 *	$78.86	+65.4%	COM	580135101
—	ALLERGAN PLC	4,591	$773K	0.2%	$168.37	$304.13	—	COM	G0177J108
ITW	ILLINOIS TOOL WORKS INC	4,553	$713K	0.2%	$156.60 *	$52.93	+145.2%	COM	452308109
KMX	CARMAX INC	11,248	$697K	0.2%	$61.97	$64.74	-4.3%	COM	143130102
USB	US BANCORP DEL NEW	13,550	$684K	0.2%	$50.48 *	$37.76	-1.8%	COM	902973304
PPL	PPL CORPORATION	23,506	$665K	0.2%	$28.29 *	$19.16	+4.7%	COM	69351T106
CAH	CARDINAL HEALTH INC	10,365	$650K	0.2%	$62.71 *	$32.61	+52.9%	COM	14149Y108
BP	BP PLC ADR	15,066	$611K	0.2%	$40.55	$40.66	-0.3%	COM	055622104
MET	METLIFE INC	12,767	$586K	0.1%	$45.90 *	$29.42	+19.5%	COM	59156R108
IFF	INTL FLAVOR & FRAGRANCES	4,200	$575K	0.1%	$136.90 *	$58.18	+92.6%	COM	459506101
—	ATRION CORP	900	$568K	0.1%	$631.11	$467.78	—	COM	049904105
TAP	MOLSON COORS	7,506	$565K	0.1%	$75.27 *	$68.73	-10.8%	COM	60871R209
—	ROYAL DUTCH SHELL SPON ADR	8,515	$543K	0.1%	$63.77	$63.16	—	COM	780259206
WMB	WILLIAMS COMPANIES	21,260	$529K	0.1%	$24.88 *	$22.70	-28.6%	COM	969457100
SJM	SMUCKER J M CO	4,127	$512K	0.1%	$124.06 *	$99.74	-3.1%	COM	832696405
JFBC	JEFFERSONVILLE BANCORP	30,006	$510K	0.1%	$17.00	$11.22	+50.0%	COM	47559A103
NSC	NORFOLK SOUTHERN CORP	3,550	$482K	0.1%	$135.77 *	$76.21	+52.2%	COM	655844108
LOW	LOWES COMPANIES INC	5,201	$456K	0.1%	$87.68 *	$35.50	+114.1%	COM	548661107
CMC	COMMERCIAL METALS CO	22,220	$455K	0.1%	$20.48 *	$12.06	+46.9%	COM	201723103
SCHW	THE CHARLES SCHWAB CORP	8,596	$449K	0.1%	$52.23 *	$18.94	+147.9%	COM	808513105
IYW	ISHARES TR DOW JONES US TECH S	2,330	$392K	0.1%	$168.24 *	$28.22	+49.0%	COM	464287721
KO	COCA COLA COMPANY	8,649	$376K	0.1%	$43.47 *	$29.36	+16.3%	COM	191216100
TROW	PRICE T ROWE GROUP INC	3,450	$372K	0.1%	$107.83 *	$51.69	+55.3%	COM	74144T108
KMB	KIMBERLY-CLARK CORP	3,210	$354K	0.1%	$110.28 *	$69.92	+20.1%	COM	494368103
SO	THE SOUTHERN COMPANY	7,674	$343K	0.1%	$44.70 *	$26.55	+22.7%	COM	842587107
CL	COLGATE-PALMOLIVE CO	4,788	$343K	0.1%	$71.64 *	$45.65	+30.5%	COM	194162103
AZO	AUTOZONE INC	510	$331K	0.1%	$649.02	$758.72	-14.5%	COM	053332102
BCPC	BALCHEM CORP	3,855	$315K	0.1%	$81.71 *	$44.23	+77.1%	COM	057665200
CMCSA	COMCAST CORP NEW CL A	9,042	$309K	0.1%	$34.17 *	$23.66	+18.4%	COM	20030N101
DRI	DARDEN RESTAURANTS INC	3,580	$305K	0.1%	$85.20 *	$32.28	+112.4%	COM	237194105
MTB	M & T BANK CORP	1,620	$299K	0.1%	$184.57 *	$74.10	+96.2%	COM	55261F104
—	NUVEEN AMT FREE MUN INCOME FD	22,000	$286K	0.1%	$13.00	$13.32	—	COM	670657105
SUN	SUNOCO INC	11,000	$281K	0.1%	$25.55	$30.10	—	COM	86765K109
PM	PHILIP MORRIS INTL INC	2,700	$268K	0.1%	$99.26 *	$59.99	+10.3%	COM	718172109
—	MAXIM INTEGRATED PRODS	4,400	$265K	0.1%	$60.23	$35.79	—	COM	57772K101
GILD	GILEAD SCIENCES INC	3,520	$265K	0.1%	$75.28 *	$71.89	-21.8%	COM	375558103
—	ENERGEN CORPORATION	4,200	$264K	0.1%	$62.86	$54.76	—	COM	29265N108
GOOGL	ALPHABET INC CLASS A	252	$261K	0.1%	$1035.71 *	$55.03	-6.5%	COM	02079K305
GT	GOODYEAR TIRE & RUBBER	9,573	$254K	0.1%	$26.53	$31.76	-16.3%	COM	382550101
QCOM	QUALCOMM INC	4,535	$251K	0.1%	$55.35 *	$49.68	-8.6%	COM	747525103
ED	CONSOLIDATED EDISON INC	3,035	$237K	0.1%	$78.09 *	$54.28	+8.5%	COM	209115104
AES	AES CORP	19,599	$223K	0.1%	$11.38 *	$8.36	+2.9%	COM	00130H105
BXMT	BLACKSTONE MTG TR INC	6,950	$218K	0.1%	$31.37	$31.08	—	COM	09257W100
EPD	ENTERPRISE PRD PRTNRS LP	8,279	$203K	0.1%	$24.52	$28.90	—	COM	293792107
—	GLAXOSMITHKLINE PLC ADR	5,136	$201K	0.1%	$39.14	$39.14	—	COM	37733W105
—	TWO HBRS INVT CORP COM	12,850	$198K	0.0%	$15.41	$9.04	—	COM	90187B101
—	ALPS ALERIAN MLP ETF	20,025	$188K	0.0%	$9.39	$14.28	—	COM	00162Q866
RITM	NEW RESIDENTIAL INVT	11,300	$186K	0.0%	$16.46	$16.73	—	COM	64828T201
—	NUVEEN MUN HIGH INCOME OPP FD	10,000	$125K	0.0%	$12.50	$12.50	—	COM	670682103
—	BLACKROCK MUNIENHANCED FD INC	11,400	$121K	0.0%	$10.61	$10.61	—	COM	09253Y100
—	ATHERSYS INC	22,500	$41,000	0.0%	$1.82	$2.13	—	COM	04744L106
—	BOREAL WATER COLLECTION INC CO	35,700	$36,000	0.0%	$1.01	—	—	COM	09971P100
—	WOLDS INC	120,000	$35,000	0.0%	$0.29	$0.08	—	COM	98159J101
—	WESTMONT RESOURCES INC	30,000	$30,000	0.0%	$1.00	—	—	COM	96081P302
—	REXAHN PHARMACEUTICALS INC	20,000	$30,000	0.0%	$1.50	$0.36	—	COM	761640101
—	AIMGLOBAL TECHNOLOGIES INC	20,000	$20,000	0.0%	$1.00	—	—	COM	00900N100
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	$0.00	-90.0%	COM	00737M200