EX-99 12 exhibit991.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1


Securities Held

As Of 12/31/2008


 

 

 

 

 

CUSIP

Security Description

 Par Value/Shares

 Book Value

 Market Value

 

 

 

 

 

US Government Bonds

 

 

 

912795-K7-5

US Treasury Bill

                    $6,000,000

               $5,945,852

               $5,999,520

912795-S3-6

US Treasury Bill

                    4,175,000

               4,128,721

               4,168,654

912827-7B-2

US Treasury Note

                       500,000

                  501,182

                  556,680

912828-CL-2

US Treasury Note

                    2,000,000

               2,016,086

               2,033,900

912828-EM-8

US Treasury Note

                    1,000,000

                  992,780

               1,073,670

912828-FD-7

US Treasury Note

                    1,000,000

                  998,721

               1,096,330

912828-FN-5

US Treasury

                       300,000

                  302,395

                  331,101

912828-FX-3

US Treasury Note

                    1,000,000

                  997,973

               1,036,290

912828-GE-4

US Treasury Note

                    2,000,000

               2,004,961

               2,007,100

912828-GG-9

US Treasury Note

                    1,000,000

                  998,240

               1,047,620

912828-GJ-3

US Treasury Note

                    2,000,000

               2,008,701

               2,014,300

912828-GM-6

US Treasury Note

                    1,000,000

                  996,181

               1,105,080

912828-GR-5

US Treasury Note

                    1,500,000

               1,490,876

               1,583,970

912828-GT-1

US Treasury Note

                    1,000,000

                  999,974

               1,019,060

912828-GU-8

US Treasury Note

                    1,000,000

                  992,928

               1,119,300

912828-HW-3

US Treasury Inflation Protection

                    4,900,000

               4,850,750

               4,800,229

 

 

                  30,375,000

             30,226,322

             30,992,804

 

 

 

 

 

Government Agency Bonds

 

 

 

3128X5-4D-7

FHLMC Agency Note DC

                    2,000,000

               2,006,446

               2,025,580

3128X7-3F-9

FHLMC Agency Note CC

                    2,000,000

               1,998,036

               2,005,840

3128X7-MP-6

FHLMC Agency Step-Up DC

                    1,000,000

                  997,710

               1,002,550

31331S-NF-6

FFCB Agency Note NC

                       500,000

                  499,725

                  500,625

3133XC-TF-0

FHLB Agency Note NC

                    1,000,000

               1,009,615

               1,026,560

3133XF-EQ-5

FHLB Agency Note NC

                    1,000,000

               1,000,101

               1,009,690

3133XF-LG-9

FHLB Agency Note NC

                    1,000,000

               1,000,209

               1,021,560

3133XH-RK-0

FHLB Agency Note NC

                    1,000,000

                  984,872

               1,090,630

3133XL-HQ-9

FHLB Agency Note NC

                    2,000,000

               2,002,435

               2,195,620

3133XL-ME-0

FHLB Agency Note 1xC

                    1,000,000

               1,000,000

               1,025,000

3133XL-UM-3

FHLB Agency Note NC

                    1,000,000

               1,014,763

               1,027,500

3133XP-PN-8

FHLB Agency Note CC

                    2,000,000

               1,997,714

               2,000,620

3133XQ-GA-4

FHLB Agency Note 1xC

                    2,500,000

               2,500,000

               2,511,725

3134A4-US-1

FHLMC Agency Note NC

                    1,000,000

               1,008,805

               1,020,310

31359M-EY-5

FNMA Agency Note NC

                    2,000,000

               2,055,152

               2,081,880

3136F6-DJ-5

FNMA Agency Note NC

                    1,000,000

                  993,060

               1,023,130

3136F9-VH-3

FNMA Agency Step-Up DC

                    1,844,000

               1,835,929

               1,846,305

 

 

                  23,844,000

             23,904,571

             24,415,125






CUSIP

Security Description

Par Value/Shares

Book Value

Market Value

 

 

 

 

 

Corporate Bonds

 

 

 

 

002819-AA-8

Abbott Laboratories NC

                    1,000,000

               1,030,815

               1,067,250

084664-AD-3

Berkshire Hathaway Fin NC

                    1,000,000

               1,005,440

                  992,280

14912L-2Y-6

Caterpillar Fin Serv Corp NC

                       500,000

                  501,123

                  475,795

36962G-3F-9

General Electric Cap Corp NC

                    1,000,000

               1,010,107

               1,001,440

377372-AC-1

GlaxoSmithKline Cap Inc. NC

                    1,000,000

               1,005,672

               1,003,060

478160-AQ-7

Johnson & Johnson NC

                    1,000,000

               1,048,176

               1,141,610

53079E-AS-3

Liberty Mutual Group

                       200,000

                  209,838

                  170,480

72447X-AA-5

Pitney Bowes Inc MTN NC

                    1,000,000

                  956,671

                  926,390

931422-AD-1

Walgreen Co. NC

                    1,000,000

               1,016,334

               1,029,860

 

 

                    7,700,000

               7,784,176

               7,808,165

 

 

 

 

 

Municipal Bonds

 

 

 

 

012122-3E-5

Albany Cnty NY GO CC

                    1,000,000

                  985,878

                  912,420

017086-EA-3

Allegany Cnty NY GO DC

                    1,070,000

               1,080,103

                  978,108

121403-WL-9

Burleson ISD TX GO NC

                    1,960,000

               1,994,144

               1,979,659

162375-3G-2

Chattanooga TN GO CC SNK

                    1,060,000

               1,035,606

                  955,526

199491-YQ-8

Columbus OH GO CC

                    1,900,000

               1,857,492

               1,749,558

373028-PV-5

Georgetown TX GO CC

                       410,000

                  415,188

                  418,836

386137-4G-5

Grand Prairie TX GO CC

                       345,000

                  338,931

                  305,794

40727E-S5-7

Hamilton Cnty OH GO CC

                    1,205,000

               1,192,331

               1,169,019

40727E-T9-8

Hamilton Cnty OH GO CC

                       500,000

                  501,455

                  516,130

442330-T6-3

Houston TX GO CC

                    1,000,000

               1,034,724

               1,051,720

442403-BV-2

Houston ISD TX GO CC

                    1,000,000

                  968,778

                  948,750

478718-ZH-5

Johnson Cnty USD KS GO CC

                    1,000,000

                  935,772

                  898,380

528828-SJ-6

Lewisville ISD TX GO CC

                    1,000,000

                  953,140

                  840,370

590759-N5-1

Mesquite ISD TX GO CC

                    1,065,000

               1,091,046

                  958,234

642169-5J-1

New Bedford MA GO NC

                    1,600,000

               1,680,745

               1,608,560

667027-A2-2

Northside ISD TX GO CC

                    1,000,000

                  968,134

                  862,540

667825-TW-3

Northwest ISD TX GO CC

                    1,000,000

               1,069,905

               1,048,620

702333-N5-0

Pasadena ISD TX GO CC

                    1,000,000

               1,029,610

               1,085,230

731197-UL-1

Polk Cnty IA GO CC

                       500,000

                  487,470

                  500,685

83710D-D5-4

South Carolina State SC GO CC

                    1,440,000

               1,414,223

               1,357,949

83710D-D7-0

South Carolina State SC GO CC

                    1,125,000

               1,114,357

               1,043,235

889855-TE-2

Tomball ISD TX GO CC

                    1,000,000

                  954,570

                  940,520

902307-HK-6

Tyler Jr. College TX REV CC

                       425,000

                  414,583

                  354,748

915137-E9-0

University of Tx TX REV CC

                       400,000

                  429,200

                  445,824

947100-MF-7

Weatherford TX GO CC

                    1,000,000

                  990,396

                  984,780

95308R-AL-3

West Harris Cnty TX REV CC SNK

                       500,000

                  526,172

                  530,200

969887-SD-1

Williamson Cnty TX GO CC

                       265,000

                  264,301

                  270,329

974450-RS-9

Winnebago Cnty IL GO CC SNK

                       845,000

                  836,266

                  730,334

 

 

                  26,615,000

             26,564,518

             25,446,057






CUSIP

Security Description

Par Value/Shares

Book Value

Market Value

 

 

 

 

 

Mortgage-Backed Bonds

 

 

 

31283K-N4-6

FHLMC Pool #G11311

                       177,819

                  176,126

                  184,122

3128GV-BY-5

FHLMC Pool #E90955

                       116,030

                  114,926

                  120,143

3128GV-BZ-2

FHLMC Pool #E90956

                       122,898

                  121,725

                  127,254

3128H4-E8-8

FHLMC Pool #E96459

                       614,759

                  608,540

                  634,629

3128KL-GN-1

FHLMC Pool #A57405

                    1,765,922

               1,747,625

               1,809,494

3128MJ-A4-2

FHLMC Pool #G08026

                    1,036,103

               1,003,854

               1,060,592

3128MJ-AQ-3

FHLMC Pool #G08014

                    1,314,884

               1,273,975

               1,345,963

31292J-BG-4

FHLMC Pool #C01839

                    1,977,064

               1,915,621

               2,023,794

31294K-KT-1

FHLMC Pool #E01206

                       201,392

                  199,459

                  208,119

31294K-KU-8

FHLMC Pool #E01207

                       193,926

                  192,070

                  200,401

31296W-NK-9

FHLMC Pool #A20394

                    1,011,671

                  980,262

               1,035,583

31297P-JS-1

FHLMC Pool #A33873

                       981,406

                  950,120

               1,004,297

31371K-GB-1

FNMA Pool # 254094

                       206,508

                  204,856

                  212,680

31371K-UK-5

FNMA Pool #254486

                       201,272

                  199,347

                  208,406

31371K-WE-7

FNMA Pool #254545

                       212,382

                  210,344

                  219,911

31371M-3X-3

FNMA Pool #256514

                       799,331

                  793,213

                  823,845

31371M-KF-3

FNMA Pool #255994

                       763,095

                  760,050

                  784,172

31371M-PJ-0

FNMA Pool #256125

                       813,088

                  793,441

                  832,981

31371M-RT-6

FNMA Pool #256198

                       713,646

                  710,116

                  733,245

31371M-SX-6

FNMA Pool #256234

                    1,469,042

               1,461,772

               1,509,386

31371M-T5-6

FNMA Pool #256272

                    1,108,805

               1,103,321

               1,139,257

31371N-CL-7

FNMA Pool #256675

                       872,753

                  848,609

                  893,651

31371N-CM-5

FNMA Pool #256676

                       822,313

                  812,337

                  844,633

31371N-EW-1

FNMA Pool #256749

                    1,288,365

               1,275,576

               1,327,804

31387A-W6-8

FNMA Pool #578569

                       338,706

                  337,091

                  350,416

31387C-P3-9

FNMA Pool #580142

                       206,470

                  204,821

                  212,641

31390K-3W-6

FNMA Pool #648913

                       130,571

                  129,333

                  135,200

31402D-C4-0

FNMA Pool #725591

                    1,890,566

               1,831,055

               1,934,071

31404J-3Y-9

FNMA Pool #770415

                       795,989

                  770,932

                  814,305

31406N-RB-2

FNMA Pool #815082

                       698,033

                  691,536

                  716,386

31409G-GX-8

FNMA Pool #870614

                    1,547,710

               1,496,127

               1,582,115

31411D-S7-5

FNMA Pool #905142

                    1,402,854

               1,388,249

               1,439,659

31411L-5E-7

FNMA Pool #911745

                    1,749,771

               1,728,353

               1,799,491

31413A-WS-8

FNMA Pool #939957

                       893,735

                  883,336

                  921,093

36202E-AY-5

GNMA II Pool #3623

                    1,206,977

               1,171,792

               1,239,116

 

 

                  29,645,854

             29,089,906

             30,428,854






CUSIP

Security Description

Par Value/Shares

Book Value

Market Value

 

 

 

 

 

CMO's

 

 

 

 

000780-KN-5

AMAC 2003-7 A2

                       670,946

                  666,608

                  655,011

05946X-FF-5

BAFC 2003-3 2A2

                    1,208,189

               1,175,929

               1,094,921

05948K-4E-6

BOAA 2006-3 2CB1

                       771,953

                  370,055

                  370,055

05948P-AV-0

BOAMS 2003-1 2A1

                       300,529

                  297,807

                  280,830

05948X-HJ-3

BOAMS 2003-4 1A67

                       530,072

                  514,932

                  483,539

05948X-VR-9

BOAMS 2003-8 1A1

                       568,268

                  567,240

                  499,677

12637H-AV-0

CSMC 2006-4 6A2

                    1,980,629

               1,305,978

               1,305,978

12667F-7S-8

CWALT 2005-4 B1

                    3,208,277

                  328,763

                  328,763

126694-HU-5

CWHL 2005-25 A15

                    2,210,000

               1,916,954

               2,342,508

126694-XX-1

CWHL 2006-J1 3A1

                       658,700

                  660,222

                  507,492

12669D-LJ-5

CWHL 2002-32 3A1

                         89,867

                    89,287

                    91,336

12669E-JN-7

CWHL 2003-J5 1A3

                       312,274

                  310,307

                  299,144

12669E-XB-7

CWHL 2003-J7 1A1

                       554,918

                  550,518

                  507,101

12669F-PW-7

CWHL 2004-3 A22

                       180,917

                  180,791

                  152,360

16162T-4J-2

Chase 2003-S4 1A6

                         36,476

                    36,346

                    34,407

16162T-5L-6

Chase 2003-S5 A5

                       613,935

                  606,729

                  575,387

16162W-FP-9

Chase 2003-S15 2A9

                       233,855

                  232,227

                  221,424

16162W-HL-6

Chase 2004-S1 A7

                       509,971

                  492,690

                  495,628

172973-UJ-6

CMSI 2003-11 2A2

                       407,102

                  403,186

                  357,307

22541S-HE-1

CSFB 2004-3 DB2

                    1,951,190

                  292,678

                  292,679

22541S-VQ-8

CSFB 2004-4 DB2

                    1,870,205

                  785,486

                  785,486

22541S-X2-9

CSFB 2004-8 6A1

                       618,545

                  596,433

                  523,547

22541S-Z7-6

CSFB 2004-8 DB2

                    1,647,654

                  370,722

                  403,675

225458-BS-6

CSFB 2005-1 3A2

                       755,383

                  732,219

                  539,045

225458-G4-4

CSFB 2005-7 4A2

                       818,410

                  804,807

                  717,132

225458-LV-8

CSFB 2005-3 DB2

                    2,957,566

                  295,757

                  295,757

2254W0-HF-5

CSFB 2004-6 3A2

                       837,707

                  822,504

                  747,486

23244E-AK-3

CWALT 2006-J6 B1

                       486,134

                    26,786

                    26,786

31392E-FG-0

FNR 2002-55 AD

                           6,040

                      6,040

                      6,028

31392H-C9-2

FNR 2003-9 BJ

                       912,540

                  901,119

                  915,123

31392H-RQ-8

FNR 2003-4 AD

                       753,712

                  743,991

                  764,860

31392J-3M-9

FNR 2003-21 PJ

                       365,131

                  357,343

                  366,865

31392J-Y5-2

FNR 2003-21 OV

                       584,471

                  554,931

                  587,767

31393C-AR-4

FNR 2003-34 VD

                       419,589

                  409,326

                  417,294

31393E-AE-9

FNR 2003-74 PJ

                       553,146

                  504,880

                  524,505

31393E-BF-5

FNR 2003-74 AE

                       750,395

                  721,028

                  736,033

31393E-FX-2

FNR 2003-79 NL

                       638,299

                  622,572

                  641,076

31393F-6H-4

FHR 2522 AH

                    1,228,000

               1,198,697

               1,234,925

31393F-JK-3

FHR 2527 LG

                       127,805

                  125,803

                  128,460

31393G-Y6-5

FHR 2541 LM

                       229,072

                  225,677

                  230,291

31393H-S4-5

FHR 2558 JS

                       641,710

                  629,233

                  652,778

31393J-4D-7

FHR 2554 JW

                       405,791

                  403,486

                  411,579

31393K-U2-9

FHR 2575 QP

                       105,957

                  104,806

                  106,432

31393L-JD-6

FHR 2564 GC

                       451,016

                  445,307

                  453,401

31393M-RM-5

FHR 2586 HL

                       823,421

                  780,373

                  814,154

31393Q-WR-9

FHR 2610 DG

                       799,015

                  767,092

                  789,329

31393R-4P-2

FHR 2617 BG

                       425,099

                  414,152

                  423,209

31393U-UC-5

FNR 2003-134 ME

                       477,277

                  463,314

                  480,633

31393V-P9-6

FHR 2628 LE

                    1,162,096

               1,109,750

               1,143,889

31393W-6K-0

FHR 2640 AL

                       801,475

                  781,775

                  815,005

31393W-EZ-8

FHR 2643 HJ

                    1,100,000

               1,056,598

               1,101,802

31393W-N5-4

FHR 2644 EC

                       372,901

                  357,416

                  364,819

31394E-JC-3

FNR 2005-55 LC

                       611,332

                  613,032

                  625,368






CUSIP

Security Description

Par Value/Shares

Book Value

Market Value

 

 

 

 

 

CMO's (continued)

 

 

 

 

31394E-MW-5

FNR 2005-62 DT

                    1,000,000

                  981,513

               1,014,990

31394K-ZA-5

FHR 2692 QT

                       992,056

                  982,657

               1,000,398

31394T-RH-0

FHR 2762 XC

                       388,727

                  366,744

                  388,816

31394U-GN-6

FNR 2005-98 SX

                       281,629

                  268,606

                  280,162

31394U-HX-3

FNR 2005-102 SD

                       742,481

                  703,032

                  761,511

31394W-G5-1

FHR 2779 YA

                       705,810

                  671,094

                  705,551

31394X-K5-4

FHR 2772 QA

                    1,324,277

               1,289,505

               1,334,577

31395A-C8-6

FHR 2806 AC

                    1,965,000

               1,950,182

               2,002,906

31395C-Q3-8

FHR 2825 LE

                    1,000,000

                  985,734

               1,014,960

31395D-BP-3

FNR 2006-40 VA

                    1,209,314

               1,213,590

               1,255,776

31395H-3S-7

FHR 2874 LC

                    1,000,000

                  997,890

               1,027,419

31395L-XA-4

FHR 2916 YE

                       510,693

                  506,989

                  519,418

31395M-QS-1

FHR 2935 LM

                       608,922

                  597,052

                  618,954

31395N-QR-1

FHR 2006 QD

                    1,000,000

               1,001,546

               1,032,320

31395P-XB-3

FHR 2950 ON

                       976,389

                  969,689

                  992,447

31395P-ZJ-4

FHR 2949 BV

                       950,888

                  949,054

                  950,719

31395T-LX-0

FHR 2963 BK

                       818,301

                  784,615

                  819,004

31395U-SY-8

FHR 2977 PC

                    1,400,000

               1,381,119

               1,432,366

31395V-KF-5

FHR 2984 NA

                       409,696

                  409,457

                  416,950

31395W-DD-6

FHR 3010 SL

                       662,943

                  595,549

                  630,973

31396C-SQ-4

FHR 3048 QA

                       715,822

                  709,278

                  726,129

31396F-HS-5

FHR 3072 AE

                    1,090,698

               1,081,026

               1,111,617

31396G-AV-3

FHR 3087 JB

                       637,251

                  639,675

                  652,543

31396G-UG-4

FHR 3099 PB

                    1,000,000

               1,003,343

               1,035,040

31396H-F8-7

FHR 3107 ME

                    1,199,196

               1,189,154

               1,216,404

31396H-VV-8

FHR 3117 PC

                    1,500,000

               1,478,481

               1,538,793

31396J-A3-9

FHR 3133 PB

                    2,000,000

               2,003,399

               2,057,674

31396N-7C-4

FHR 3138 QA

                       303,137

                  302,846

                  309,047

31396N-CW-4

FHR 3145 KC

                    2,000,000

               1,960,984

               2,049,192

31396N-M2-9

FHR 3147 YE

                       666,909

                  668,904

                  683,405

31396R-NN-3

FHR 3154 PJ

                       589,989

                  589,486

                  604,192

31396U-NL-0

FHR 3188 CK

                       809,833

                  802,082

                  822,136

31397A-HX-4

FHR 3200 MX

                    1,460,000

               1,438,998

               1,489,835

31397A-HY-2

FHR 3200 NA

                       887,869

                  888,871

                  902,069

31397A-QG-1

FHR 3203 MA

                       753,268

                  746,377

                  764,356

31397G-B9-0

FHR 3310 A

                       838,031

                  828,241

                  851,409

31397G-J5-0

FHR 3306 PB

                    1,400,000

               1,381,674

               1,443,051

31397J-GE-8

FHR 3330 PB

                    1,000,000

                  987,789

               1,030,903

32051D-YH-9

FHASI 2003-5 1A14

                       840,390

                  833,499

                  747,127

32051D-Z2-1

FHASI 2004-3 1A1

                       525,914

                  520,495

                  471,107

32051G-LE-3

FHASI 2005-2 2A2

                       703,440

                  691,265

                  593,554

36242D-6G-3

GSR 2005-5F 2A12

                       378,601

                  296,838

                  360,084

38374F-H4-9

GNR 2004-17 HG

                       542,191

                  521,090

                  553,732

38374M-EQ-8

GNR 2005-84 SC

                       730,471

                  705,830

                  704,403

55265K-3H-0

MASTR 2003-11 5A2

                       650,702

                  637,449

                  586,396

55265K-3M-9

MASTR 2003-12 3A1

                       475,376

                  471,595

                  434,273

55265K-QU-6

MASTR 2003-1 3A2

                       248,632

                  244,537

                  244,040

55265K-T2-5

MASTR 2003-10 1A2

                    1,192,212

               1,167,688

               1,099,007

576434-QT-4

MALT 2004-4 B1

                    1,678,537

                  868,122

                  881,232

76111X-GN-7

RFMSI 2004-S3 A1

                       429,144

                  418,718

                  418,952

76111X-HC-0

RFMSI 2004-S4 1A5

                       451,718

                  448,105

                  378,931

929227-C5-3

WAMU 2002-S8 2A7

                       281,159

                  278,216

                  281,072






CUSIP

Security Description

Par Value/Shares

Book Value

Market Value

 

 

 

 

 

CMO's (continued)

 

 

 

 

92922F-GA-0

WAMU 2003-S10 A2

                       874,244

                  859,973

                  862,223

939336-HZ-9

WAMMS 2002-MS8 2A1

                       234,270

                  232,062

                  229,446

949780-AA-8

WFMBS 2003-6 1A1

                       673,754

                  658,187

                  657,752

94982N-AG-9

WFMBS 2005-4 A7

                    1,171,154

                  983,506

               1,188,468

94983F-AC-4

WFMBS 2006-1 A3

                    1,472,822

               1,446,793

               1,069,637

 

 

                  92,088,827

             78,321,891

             78,919,535

 

 

 

 

 

Common Stocks

 

 

 

 

001055-10-2

Aflac Inc.

                              331

                    14,370

                    15,173

00206R-10-2

AT&T Inc

                              364

                    14,718

                    10,374

002824-10-0

Abbott Laboratories

                              455

                    24,567

                    24,283

00724F-10-1

Adobe Systems Inc

                           1,138

                    29,661

                    24,228

009363-10-2

Airgas Inc

                              415

                    19,782

                    16,180

025537-10-1

American Electric Power Co.

5,000

143,663

166,400

025816-10-9

American Express Co.

                           3,120

                    91,930

                    57,876

037411-10-5

Apache Corp

                              254

                    25,742

                    18,931

037833-10-0

Apple Computer Inc

                              279

                    40,762

                    23,813

038222-10-5

Applied Materials Inc

                           8,225

                  142,012

                    83,319

053015-10-3

Automatic Data Processing Inc

                           2,790

                  119,342

                  109,759

053611-10-9

Avery Dennison Corp

                           3,550

                  200,536

                  116,192

075887-10-9

Becton Dickinson & Co

                              360

                    27,013

                    24,620

075896-10-0

Bed, Bath & Beyond, Inc.

                              800

                    24,264

                    20,336

125071-10-0

CDI Corp

                           2,490

                    32,221

                    32,221

126650-10-0

CVS Corp

                           1,011

                    36,053

                    29,056

12673P-10-5

CA Inc.

                           1,013

                    18,265

                    18,771

143130-10-2

Carmax Inc.

                           1,475

                    20,501

                    11,623

151020-10-4

Celgene Corp

                              432

                    27,270

                    23,881

17275R-10-2

Cisco Systems Inc

                           1,483

                    39,705

                    24,173

172908-10-5

Cintas Corp

                              850

                    17,859

                    19,746

191216-10-0

Coca-Cola Co

                           3,176

                  161,699

                  143,778

194162-10-3

Colgate Palmolive Co

                           2,461

                  163,229

                  168,677

209115-10-4

Consolidated Edison Inc.

                         50,000

               2,091,819

               1,946,500

232572-10-7

Cymer Inc.

                              850

                    22,920

                    18,624

24702R-10-1

Dell Inc.

                           6,200

                    99,985

                    63,488

249030-10-7

DentSply International Inc.

                              882

                    23,931

                    24,908

25243Q-20-5

Diageo PLC-Sponsored ADR

                              455

                    36,754

                    25,817

25459L-10-6

DirecTV Group Inc.

                           1,030

                    26,430

                    23,597

254687-10-6

Disney, Walt

                           2,185

                    54,919

                    49,577

257651-10-9

Donaldson Co. Inc.

                              704

                    23,503

                    23,690

263534-10-9

EI Dupont De Nemours & Co

                           2,705

                  128,504

                    68,437

26441C-10-5

Duke Energy Corp

                         35,000

                  633,326

                  525,350

26483E-10-0

Dun & Bradstreet Corp.

                              310

                    22,716

                    23,932

291011-10-4

Emerson Electric Co

                              525

                    16,452

                    19,220

302182-10-0

Express Scripts Inc.

                              404

                    25,478

                    22,212

302491-30-3

FMC Corp

                              357

                    15,366

                    15,969

302571-10-4

FPL Group Inc.

                              491

                    29,219

                    24,712

303075-10-5

Factset Research Systems Inc.

                              566

                    21,239

                    25,040

31428X-10-6

FedEx Corp

                              835

                    60,025

                    53,565

33734X-18-4

1st Trust Utilities AlphaDEX ETF

                         86,500

               1,346,243

               1,121,040

36467W-10-9

Gamestop Corp. Class A

                              851

                    23,857

                    18,432

369550-10-8

General Dynamics Corp

                              435

                    39,129

                    25,052

369604-10-3

General Electric

                           5,450

                  156,024

                    88,290

370334-10-4

General Mills Inc

                              255

                    14,846

                    15,491






CUSIP

Security Description

Par Value/Shares

Book Value

Market Value

 

 

 

 

 

Common Stocks (continued

 

 

 

372917-10-4

Genzyme Corp

                              391

                    25,894

                    25,951

375558-10-3

Gilead Sciences Inc.

                              475

                    25,593

                    24,292

38259P-50-8

Google Inc.

                                77

                    39,289

                    23,689

413875-10-5

Harris Corp

                              658

                    24,118

                    25,037

42222L-10-7

HealthTronics Inc.

48,565

109,271

109,271

423074-10-3

HJ Heinz Co.

                              625

                    26,841

                    23,500

423452-10-1

Helmerich & Payne Inc

                           2,100

                    44,961

                    47,775

428236-10-3

Hewlett-Packard Co

                              748

                    33,469

                    27,145

452308-10-9

Illinois Tool Works Inc

                           2,495

                  124,978

                    87,450

456788-10-8

Infosys Technologies-Sp ADR

                              927

                    41,525

                    22,776

458140-10-0

Intel Corp

                           5,523

                  108,527

                    80,967

464287-22-6

IShares Lehman Aggr. Bond Fund

                         10,000

               1,004,573

               1,042,000

464288-41-4

Ishares S&P National Municipal

                           5,000

                  506,582

                  497,700

522015-10-6

Learning Tree Int'l Inc

                           1,295

                    14,530

                    11,033

524660-10-7

Leggett & Platt Inc

                           3,490

                    77,515

                    53,013

539830-10-9

Lockheed Martin Corp

                              280

                    22,817

                    23,542

552676-10-8

MDC Holdings Inc.

                           2,380

                    73,414

                    72,114

571748-10-2

Marsh & McLennan Co

                           3,045

                    89,188

                    73,902

57636Q-10-4

MasterCard Inc. - Class A

                              119

                    16,839

                    17,009

577767-10-6

Maxwell Technologies, Inc

                           3,220

                    40,314

                    16,325

580135-10-1

McDonald's Corp

                              352

                    20,886

                    21,891

594918-10-4

Microsoft Corp

                         12,427

                  347,465

                  241,581

595017-10-4

Microchip Technology Inc.

                           1,310

                    42,677

                    25,585

608190-10-4

Mohawk Industries Inc.

                              415

                    16,606

                    17,833

61166W-10-1

Monsanto Co.

                              215

                    18,125

                    15,126

631103-10-8

NASDAQ OMX Group

                              623

                    19,297

                    15,394

637071-10-1

National Oilwell Varco Inc.

                              740

                    35,691

                    18,086

651229-10-6

Newell Rubbermaid Inc

                           3,880

                    97,649

                    37,946

65248E-10-4

News Corp - Class A

                           5,250

                    64,887

                    47,723

654106-10-3

Nike Inc. - Class B

                              384

                    23,027

                    19,584

655044-10-5

Noble Energy Inc.

                              350

                    27,802

                    17,227

68389X-10-5

Oracle Corp

                           1,379

                    30,564

                    24,450

69840W-10-8

Panera Bread Company-Class A

                              395

                    16,754

                    20,635

704549-10-4

Peabody Energy Corp

                              729

                    22,372

                    16,585

736508-84-7

Portland General Electric Co.

                         10,000

                  212,533

                  194,700

740189-10-5

Precision Castparts Corp

                              382

                    23,823

                    22,721

74267C-10-6

ProAssurance Corp

                           5,800

                  273,578

                  306,124

742718-10-9

Procter & Gamble

                              960

                    59,799

                    59,347

778296-10-3

Ross Stores Inc.

                              625

                    18,145

                    18,581

790849-10-3

Saint Jude Medical Inc.

                              750

                    30,859

                    24,720

81369Y-60-5

Sector Spdr Trust (Financial)

                           6,115

                    76,560

                    76,560

847560-10-9

Spectra Energy Corp

                           5,000

                  137,532

                    78,700

871829-10-7

Sysco  Corp

                           1,095

                    25,267

                    25,119

882508-10-4

Texas Instruments Inc.

                           2,075

                    37,473

                    32,204

88579Y-10-1

3M Company

                           2,095

                  160,121

                  120,546

907818-10-8

Union Pacific Corp

                              486

                    28,472

                    23,231

911312-10-6

United Parcel Service Class B

                           1,360

                    83,961

                    75,018

91324P-10-2

UnitedHealth Group Inc.

                           5,725

                  181,527

                  152,285

920253-10-1

Valmont Industries Inc

                              391

                    22,980

                    23,992

931142-10-3

Wal-Mart Stores Inc

                           4,119

                  196,790

                  230,911

931422-10-9

Walgreen Company

                           5,525

                  225,995

                  136,302






CUSIP

Security Description

Par Value/Shares

Book Value

Market Value

 

 

 

 

 

Common Stocks (continued

 

 

 

949746-10-1

Wells Fargo Co.

                           4,515

                  139,437

                  133,102

98385X-10-6

XTO Energy Inc

                              473

                    16,141

                    16,683

G1150G-11-1

Accenture Ltd. CL-A

                              766

                    30,031

                    25,117

FEMPTN-RS-4

FemPartners

                       449,617

                    55,000

                    55,000

H8817H-10-0

TransOcean Ltd.

                              365

                    34,566

                    17,246

 

 

                       866,563

             11,652,479

             10,098,697

 

 

 

 

 

Grand Total:

 

           $207,543,864

           $208,109,236