The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Co. COM 88579Y101 2,986 22,013 SH   SOLE   22,013 0 0
AT&T Inc. COM 00206R102 2,518 71,788 SH   SOLE   71,788 0 0
Abbott Laboratories COM 002824100 2,448 63,565 SH   SOLE   63,565 0 0
Amgen, Inc. COM 031162100 3,352 27,177 SH   SOLE   27,177 0 0
Apache Corp. COM 037411105 1,815 21,875 SH   SOLE   21,875 0 0
Apple, Inc. COM 037833100 4,338 8,083 SH   SOLE   8,083 0 0
Baxter International, Inc. COM 071813109 2,637 35,845 SH   SOLE   35,845 0 0
Berkshire Hathaway, Inc. COM 084670702 5,401 43,220 SH   SOLE   43,220 0 0
Capital One Financial Corp. COM 14040h105 3,709 48,067 SH   SOLE   48,067 0 0
ChevronTexaco Corp. COM 166764100 4,661 39,200 SH   SOLE   39,200 0 0
Chubb Corp. COM 171232101 2,725 30,510 SH   SOLE   30,510 0 0
Cisco Systems, Inc. COM 17275R102 4,938 220,315 SH   SOLE   220,315 0 0
Coca-Cola Co. COM 191216100 3,880 100,368 SH   SOLE   100,368 0 0
Comcast Corp. Spl Cl A COM 20030N200 3,164 64,868 SH   SOLE   64,868 0 0
ConocoPhillips COM 20825c104 1,889 26,855 SH   SOLE   26,855 0 0
Costco Wholesale Corp. COM 22160K105 3,029 27,126 SH   SOLE   27,126 0 0
Covidien Ltd. COM G2554F113 4,648 63,105 SH   SOLE   63,105 0 0
Emerson Electric Co. COM 291011104 3,143 47,045 SH   SOLE   47,045 0 0
Exxon Mobil Corp. COM 30231G102 5,595 57,280 SH   SOLE   57,280 0 0
FedEx Corp. COM 31428X106 2,796 21,090 SH   SOLE   21,090 0 0
General Electric Co. COM 369604103 4,797 185,267 SH   SOLE   185,267 0 0
Google, Inc. Cl. A COM 38259P508 4,335 3,890 SH   SOLE   3,890 0 0
Home Depot, Inc. COM 437076102 4,061 51,315 SH   SOLE   51,315 0 0
Intel Corp. COM 458140100 2,779 107,650 SH   SOLE   107,650 0 0
International Business Machine COM 459200101 4,248 22,068 SH   SOLE   22,068 0 0
J.P. Morgan Chase & Co. COM 46625H100 5,106 84,112 SH   SOLE   84,112 0 0
Johnson & Johnson COM 478160104 5,851 59,567 SH   SOLE   59,567 0 0
Lowe's Companies, Inc. COM 548661107 2,325 47,555 SH   SOLE   47,555 0 0
McDonald's Corp. COM 580135101 2,513 25,637 SH   SOLE   25,637 0 0
Merck & Co., Inc. COM 58933Y105 3,452 60,815 SH   SOLE   60,815 0 0
Microsoft Corp. COM 594918104 7,893 192,567 SH   SOLE   192,567 0 0
Oceaneering International, Inc COM 675232102 2,264 31,500 SH   SOLE   31,500 0 0
Oracle Corp. COM 68389X105 2,977 72,772 SH   SOLE   72,772 0 0
PepsiCo, Inc. COM 713448108 3,717 44,520 SH   SOLE   44,520 0 0
Pfizer, Inc. COM 717081103 3,819 118,897 SH   SOLE   118,897 0 0
QUALCOMM, Inc. COM 747525103 3,869 49,060 SH   SOLE   49,060 0 0
Schlumberger Ltd. COM 806857108 2,607 26,735 SH   SOLE   26,735 0 0
Select Sector SPDR - Consumer COM 81369y407 6,850 105,835 SH   SOLE   105,835 0 0
Select Sector SPDR - Consumer COM 81369y308 3,840 89,185 SH   SOLE   89,185 0 0
Select Sector SPDR - Energy COM 81369Y506 531 5,965 SH   SOLE   5,965 0 0
Select Sector SPDR - Financial COM 81369y605 4,375 195,838 SH   SOLE   195,838 0 0
Select Sector SPDR - Health Ca COM 81369y209 4,017 68,678 SH   SOLE   68,678 0 0
Select Sector SPDR - Industria COM 81369Y704 6,654 127,150 SH   SOLE   127,150 0 0
Select Sector SPDR - Materials COM 81369Y100 8,587 181,620 SH   SOLE   181,620 0 0
Select Sector SPDR - Technolog COM 81369y803 5,000 137,547 SH   SOLE   137,547 0 0
Select Sector SPDR - Utilities COM 81369Y886 6,354 153,252 SH   SOLE   153,252 0 0
Target Corp. COM 87612E106 2,193 36,236 SH   SOLE   36,236 0 0
The Boeing Co. COM 097023105 2,047 16,315 SH   SOLE   16,315 0 0
The Goldman Sachs Group, Inc. COM 38141g104 2,066 12,610 SH   SOLE   12,610 0 0
The Procter & Gamble Co. COM 742718109 3,644 45,217 SH   SOLE   45,217 0 0
The Walt Disney Co. COM 254687106 5,950 74,313 SH   SOLE   74,313 0 0
United Technologies Corp. COM 913017109 3,572 30,575 SH   SOLE   30,575 0 0
Verizon Communications COM 92343V104 2,615 54,981 SH   SOLE   54,981 0 0
Wal-Mart Stores, Inc. COM 931142103 4,221 55,222 SH   SOLE   55,222 0 0
Wells Fargo Company COM 949746101 3,604 72,450 SH   SOLE   72,450 0 0
iShare Dow Jones US Oil & Gas COM 464288851 4,014 47,195 SH   SOLE   47,195 0 0
iShares Dow Jones US Real Esta COM 464287739 3,427 50,640 SH   SOLE   50,640 0 0
iShares Dow Jones US Regional COM 464288778 7,274 208,019 SH   SOLE   208,019 0 0
iShares S&P 500 Index Fund COM 464287200 259 1,375 SH   SOLE   1,375 0 0
American Science & Engineering COM 029429107 307 4,574 SH   SOLE   4,574 0 0
American Software, Inc. COM 029683109 495 48,650 SH   SOLE   48,650 0 0
Atlantic Tele-Network, Inc. COM 049079205 454 6,885 SH   SOLE   6,885 0 0
Atrion Corp. COM 049904105 621 2,027 SH   SOLE   2,027 0 0
Balchem Corp. COM 057665200 440 8,440 SH   SOLE   8,440 0 0
Bio-Rad Laboratories, Inc. COM 090572207 528 4,125 SH   SOLE   4,125 0 0
CECO Environmental Corp. COM 125141101 453 27,350 SH   SOLE   27,350 0 0
Central Garden & Pet Co. COM 153527106 170 20,850 SH   SOLE   20,850 0 0
Collectors Universe, Inc. COM 19421R200 446 23,700 SH   SOLE   23,700 0 0
Columbia Sportswear Co. COM 198516106 457 5,530 SH   SOLE   5,530 0 0
Enventis Corp. COM 29402J101 570 44,550 SH   SOLE   44,550 0 0
First Bancorp. COM 318910106 270 14,200 SH   SOLE   14,200 0 0
Flushing Financial Corp. COM 343873105 425 20,175 SH   SOLE   20,175 0 0
Fred's Inc. COM 356108100 613 34,025 SH   SOLE   34,025 0 0
Hawkins, Inc. COM 420261109 340 9,250 SH   SOLE   9,250 0 0
John B. Sanfilippo & Sons, Inc COM 800422107 521 22,625 SH   SOLE   22,625 0 0
John Wiley & Sons, Inc. COM 968223206 574 9,950 SH   SOLE   9,950 0 0
MGIC Investment Corp. COM 552848103 135 15,800 SH   SOLE   15,800 0 0
MOCON, Inc. COM 607494101 294 17,625 SH   SOLE   17,625 0 0
MSA Safety, Inc. COM 553498106 576 10,100 SH   SOLE   10,100 0 0
Medical Action Industries, Inc COM 58449l100 277 39,800 SH   SOLE   39,800 0 0
Omnicell, Inc. COM 68213N109 556 19,425 SH   SOLE   19,425 0 0
Prosperity Bancshares, Inc. COM 743606105 636 9,615 SH   SOLE   9,615 0 0
Quality Systems, Inc. COM 747582104 426 25,225 SH   SOLE   25,225 0 0
Rocky Mountain Chocolate Facto COM 774678403 460 39,150 SH   SOLE   39,150 0 0
Spartan Stores, Inc. COM 846822104 217 9,340 SH   SOLE   9,340 0 0
Symmetry Medical, Inc. COM 871546206 225 22,400 SH   SOLE   22,400 0 0
Tennant Company COM 880345103 541 8,240 SH   SOLE   8,240 0 0
Towers Watson & Company COM 891894107 494 4,330 SH   SOLE   4,330 0 0
UniFirst Corp. COM 904708104 463 4,215 SH   SOLE   4,215 0 0
Union Bankshares Corp. COM 90539J109 596 23,438 SH   SOLE   23,438 0 0
WD-40 Company COM 929236107 479 6,175 SH   SOLE   6,175 0 0
WEX Inc. COM 96208T104 549 5,775 SH   SOLE   5,775 0 0
Washington Banking Co. COM 937303105 353 19,850 SH   SOLE   19,850 0 0
West Marine, Inc. COM 954235107 257 22,625 SH   SOLE   22,625 0 0
World Acceptance Corp. COM 981419104 461 6,135 SH   SOLE   6,135 0 0
Zix Corp. COM 98974P100 331 79,900 SH   SOLE   79,900 0 0
SPDR S&P Emerging Markets Smal S&P EMKTSC 78463X756 1,141 24,053 SH   SOLE   24,053 0 0
Vanguard Emerging Market Fund EMR MKT ETF 922042858 5,177 127,565 SH   SOLE   127,565 0 0
iShares MSCI ACWI Index Fund MSCI ACWI EX 464288240 7,425 159,438 SH   SOLE   159,438 0 0
iShares MSCI EAFE Index Fund MSCI EAFE EX 464287465 9,315 138,617 SH   SOLE   138,617 0 0
iShares MSCI EAFE SmallCap Ind MSCI SMALL CAP 464288273 2,888 55,322 SH   SOLE   55,322 0 0
Midcap SPDR Trust Series 1 UTSER1 S&PDCRP 78467Y107 1,194 4,765 SH   SOLE   4,765 0 0
iSHARES RUSSELL MIDCAP RUSSELL MIDCAP 464287499 5,549 35,858 SH   SOLE   35,858 0 0
iSHARES RUSSELL S&P 400 INDEX S&P MIDCAP 400 464287507 7,711 56,091 SH   SOLE   56,091 0 0
iSHARES CORE S&P SMALL CAP S&P SMALL CAP 464287804 4,026 36,558 SH   SOLE   36,558 0 0
iSHARES RUSSELL 2000 INDEX RUSSELL 2000 464287655 3,397 29,202 SH   SOLE   29,202 0 0
iSHARES RUSSELL MICROCAP INDX RSSL MCRCP 464288869 1,154 14,935 SH   SOLE   14,935 0 0