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 1,572 7,489 SH   SOLE   7,489 0 0
AFLAC Inc. COM 001055102 326 4,001 SH   SOLE   4,001 0 0
AT&T, Inc. COM 00206r102 1,612 41,147 SH   SOLE   40,097 0 1,050
Abbott Laboratories COM 002824100 9,946 186,386 SH   SOLE   184,836 0 1,550
Advanced Energy Industries, In COM 007973100 234 2,900 SH   SOLE   2,900 0 0
Affiliated Managers Group, Inc COM 008252108 326 1,715 SH   SOLE   1,715 0 0
Air Products & Chemicals Inc COM 009158106 2,275 15,045 SH   SOLE   14,870 0 175
Allergan PLC SHS G0177J108 5,317 25,945 SH   SOLE   25,755 0 190
Alphabet Inc. Cl A CAP STK CL A 02079K305 271 278 SH   SOLE   278 0 0
Alphabet Inc. Cl C CAP STK CL C 02079K107 13,266 13,832 SH   SOLE   13,766 0 66
AmTrust Financial Services COM 032359309 350 25,975 SH   SOLE   25,175 0 800
Amazon.com Inc. COM 023135106 517 538 SH   SOLE   528 0 10
AmerisourceBergen Corp. COM 03073e105 2,063 24,935 SH   SOLE   24,760 0 175
Apple Computer COM 037833100 11,456 74,329 SH   SOLE   73,999 0 330
Arrow Financial Corp. COM 042744102 216 6,283 SH   SOLE   6,283 0 0
Automatic Data Processing COM 053015103 1,167 10,674 SH   SOLE   10,674 0 0
B&G Foods, Inc. COM 05508R106 760 23,859 SH   SOLE   23,459 0 400
BCE Inc. COM NEW 05534b760 1,611 34,395 SH   SOLE   32,495 0 1,900
Bank of America Corp. COM 060505104 7,846 309,635 SH   SOLE   300,650 0 8,985
Becton Dickinson & Co. COM 075887109 326 1,665 SH   SOLE   1,665 0 0
Berkshire Hathaway Inc. Cl B CL B NEW 084670702 827 4,512 SH   SOLE   4,512 0 0
Biogen Idec Inc. COM 09062X103 272 869 SH   SOLE   869 0 0
Boeing Co. COM 097023105 493 1,940 SH   SOLE   1,865 0 75
Bristol-Myers Squibb COM 110122108 458 7,183 SH   SOLE   7,183 0 0
Buckeye Partners L P Unit Ltd UNIT LTD PARTN 118230101 683 11,980 SH   SOLE   11,980 0 0
CF Industries Holdings, Inc. COM 125269100 11,200 318,545 SH   SOLE   315,220 0 3,325
CVS Health Corp. COM 126650100 7,463 91,770 SH   SOLE   90,770 0 1,000
CYS Investments Inc COM 12673a108 376 43,500 SH   SOLE   33,500 0 10,000
Capstead Mortgage Corp. COM NO PAR 14067E506 332 34,380 SH   SOLE   29,380 0 5,000
Celgene Corp. COM 151020104 925 6,344 SH   SOLE   6,344 0 0
Cerner Corporation COM 156782104 1,113 15,601 SH   SOLE   15,501 0 100
Check Point Software ORD M22465104 9,735 85,380 SH   SOLE   84,905 0 475
ChevronTexaco Corporation COM 166764100 7,748 65,941 SH   SOLE   64,991 0 950
Chipotle Mexican Grill, Inc. COM 169656105 4,819 15,655 SH   SOLE   15,365 0 290
Cisco Systems Inc. COM 17275r102 424 12,621 SH   SOLE   11,971 0 650
Citizens & Northern Corp. COM 172922106 341 13,875 SH   SOLE   11,875 0 2,000
Coca-Cola Co. COM 191216100 830 18,433 SH   SOLE   18,433 0 0
Community Bank System Inc COM 203607106 822 14,875 SH   SOLE   13,575 0 1,300
Costco Wholesale COM 22160k105 9,721 59,172 SH   SOLE   58,797 0 375
Danaher Corp COM 235851102 928 10,815 SH   SOLE   10,215 0 600
Diageo PLC Spon ADR SPON ADR NEW 25243q205 681 5,154 SH   SOLE   4,979 0 175
Discover Financial Services COM 254709108 5,986 92,835 SH   SOLE   91,660 0 1,175
Disney, Walt COM DISNEY 254687106 548 5,559 SH   SOLE   5,559 0 0
Dollar Tree Stores Inc. COM 256746108 7,152 82,375 SH   SOLE   81,850 0 525
DowDuPont Inc. COM 26078J100 5,651 81,627 SH   SOLE   81,427 0 200
Emerson Electric Co COM 291011104 350 5,575 SH   SOLE   4,650 0 925
Enbridge Energy Partners, L.P. COM 29250r106 211 13,183 SH   SOLE   11,683 0 1,500
Energy Transfer Partners, L.P. COM 29278n103 1,409 77,010 SH   SOLE   74,010 0 3,000
Enterprise Products Partners L COM 293792107 344 13,180 SH   SOLE   13,180 0 0
Exxon Mobil Corp. COM 30231G102 4,587 55,957 SH   SOLE   55,757 0 200
Facebook, Inc. CL A 30303M102 339 1,982 SH   SOLE   1,982 0 0
FedEx Corporation COM 31428X106 203 898 SH   SOLE   898 0 0
Fifth Third Bancorp COM 316773100 6,305 225,357 SH   SOLE   224,232 0 1,125
Ford Motor Co. COM PAR $0.01 345370860 186 15,526 SH   SOLE   15,526 0 0
GMS Inc COM 36251C103 2,170 61,295 SH   SOLE   61,295 0 0
General Electric Company COM 369604103 8,104 335,169 SH   SOLE   330,294 0 4,875
Hain Celestial Group Inc. COM 405217100 505 12,280 SH   SOLE   11,280 0 1,000
Home Depot Inc. COM 437076102 991 6,057 SH   SOLE   6,057 0 0
Honeywell International COM 438516106 390 2,754 SH   SOLE   2,754 0 0
Illinois Tool Works COM 452308109 433 2,929 SH   SOLE   2,829 0 100
Intel Corporation COM 458140100 939 24,667 SH   SOLE   24,667 0 0
IntercontinentalExchange, Inc. COM 45866F104 328 4,775 SH   SOLE   4,775 0 0
International Business Machine COM 459200101 603 4,155 SH   SOLE   4,155 0 0
International Paper COM 460146103 257 4,521 SH   SOLE   4,521 0 0
Invesco Limited SHS g491bt108 411 11,725 SH   SOLE   11,725 0 0
J.P. Morgan Chase COM 46625h100 1,184 12,392 SH   SOLE   11,792 0 600
Johnson & Johnson COM 478160104 12,573 96,711 SH   SOLE   94,911 0 1,800
Kelly Services Cl A CL A 488152208 1,322 52,700 SH   SOLE   52,700 0 0
KeyCorp COM 493267108 2,764 146,875 SH   SOLE   143,875 0 3,000
Kimberly-Clark Corp. COM 494368103 1,332 11,321 SH   SOLE   11,171 0 150
Liberty Property Trust SH BEN INT 531172104 2,580 62,834 SH   SOLE   60,684 0 2,150
Lilly, Eli COM 532457108 8,226 96,166 SH   SOLE   95,616 0 550
Lockheed Martin Corp COM 539830109 1,097 3,536 SH   SOLE   3,461 0 75
Magellan Midstream Partners, L COM UNIT RP LP 559080106 277 3,900 SH   SOLE   3,900 0 0
MasterCard, Inc. CL A 57636Q104 8,483 60,078 SH   SOLE   59,753 0 325
Medtronic PLC SHS G5960L103 254 3,262 SH   SOLE   3,262 0 0
Merck & Co. COM 58933Y105 1,809 28,248 SH   SOLE   27,548 0 700
Microsoft Corp. COM 594918104 14,611 196,143 SH   SOLE   192,418 0 3,725
Moody's Corporation COM 615369105 206 1,477 SH   SOLE   1,477 0 0
NIKE, Inc. Cl B CL B 654106103 259 4,990 SH   SOLE   4,990 0 0
Nestle SA Spon ADR COM 641069406 5,935 70,649 SH   SOLE   69,724 0 925
NextEra Energy, Inc. COM 65339F101 470 3,209 SH   SOLE   3,209 0 0
Occidental Petroleum COM 674599105 4,503 70,123 SH   SOLE   69,798 0 325
PNC Financial Services Group, COM 693475105 11,519 85,474 SH   SOLE   84,449 0 1,025
PPL Corporation COM 69351T106 5,687 149,845 SH   SOLE   145,545 0 4,300
Pardee Resources Company, Inc. COM 699437109 888 4,700 SH   SOLE   4,000 0 700
Paychex Inc. COM 704326107 5,375 89,640 SH   SOLE   89,115 0 525
PepsiCo Inc. COM 713448108 7,278 65,319 SH   SOLE   64,694 0 625
Pfizer, Inc. COM 717081103 1,467 41,092 SH   SOLE   38,667 0 2,425
Pinnacle Financial Partners In COM 72346Q104 624 9,317 SH   SOLE   9,317 0 0
Praxair Inc. COM 74005P104 212 1,515 SH   SOLE   1,515 0 0
Procter & Gamble COM 742718109 3,129 34,389 SH   SOLE   33,089 0 1,300
Qualcomm Inc. COM 747525103 5,396 104,088 SH   SOLE   102,388 0 1,700
Quanta Services, Inc. COM 74762e102 213 5,712 SH   SOLE   5,712 0 0
Quintiles Transnational Holdin COM 74876Y101 434 4,565 SH   SOLE   4,565 0 0
Raytheon Company COM NEW 755111507 353 1,892 SH   SOLE   1,892 0 0
Rockwell Collins Inc. COM 774341101 10,476 80,145 SH   SOLE   79,945 0 200
Roper Technologies COM 776696106 8,846 36,345 SH   SOLE   36,130 0 215
S&P Global Inc COM 78409V104 583 3,727 SH   SOLE   3,727 0 0
Schlumberger Ltd COM 806857108 4,744 68,004 SH   SOLE   67,779 0 225
Sherwin Williams COM 824348106 492 1,373 SH   SOLE   1,373 0 0
Southern Company COM 842587107 408 8,294 SH   SOLE   7,669 0 625
Starbucks Corporation COM 855244109 6,431 119,735 SH   SOLE   119,360 0 375
Stryker Corporation COM 863667101 413 2,910 SH   SOLE   2,910 0 0
Sun Communities Inc. COM 866674104 1,313 15,323 SH   SOLE   15,323 0 0
SunTrust Banks COM 867914103 8,887 148,693 SH   SOLE   147,853 0 840
Sysco Corp. COM 871829107 349 6,471 SH   SOLE   6,471 0 0
TJX Companies Inc. COM 872540109 6,785 92,019 SH   SOLE   91,719 0 300
The Scotts Miracle-Gro Company CL A 810186106 225 2,312 SH   SOLE   2,312 0 0
Thermo Fisher Scientific, Inc. COM 883556102 526 2,779 SH   SOLE   2,779 0 0
Total System Services, Inc. COM 891906109 337 5,140 SH   SOLE   5,140 0 0
U.S. Rare Earth Minerals Inc. COM 903410207 0 25,000 SH   SOLE   25,000 0 0
Union Pacific Corp. COM 907818108 900 7,762 SH   SOLE   7,762 0 0
United Technologies COM 913017109 5,674 48,884 SH   SOLE   48,559 0 325
VIVUS, Inc. COM 928551100 24 24,500 SH   SOLE   24,500 0 0
Verizon Communications COM 92343v104 5,857 118,337 SH   SOLE   116,796 0 1,541
Versum Materials Inc COM 92532w103 260 6,697 SH   SOLE   6,660 0 37
Vulcan Materials Co. COM 929160109 239 2,000 SH   SOLE   2,000 0 0
WP Carey Inc COM 92936U109 1,722 25,548 SH   SOLE   24,598 0 950
Waste Management Inc. COM 94106L109 664 8,488 SH   SOLE   8,488 0 0
Welltower Inc. COM 95040Q104 1,008 14,345 SH   SOLE   13,495 0 850
PowerShares QQQ Nasdaq 100 UNIT SER 1 73935a104 342 2,351 SH   SOLE   2,351 0 0
ProShares Large Cap Core Plus PSHS LC COR PLUS 74347R248 320 5,115 SH   SOLE   5,115 0 0
iShares Core S&P MidCap CORE S&P MCP ETF 464287507 317 1,771 SH   SOLE   1,771 0 0
iShares Core S&P Small-Cap ETF CORE S&P SCP ETF 464287804 1,336 18,005 SH   SOLE   18,005 0 0
iShares Russell 1000 Value Ind RUS 1000 VAL ETF 464287598 507 4,276 SH   SOLE   4,145 0 131
iShares Russell 2000 Index Fun RUS 2000 ETF 464287655 470 3,175 SH   SOLE   3,175 0 0
iShares Russell 2000 Value Ind RUS 2000 VAL ETF 464287630 15,173 122,247 SH   SOLE   121,792 0 455
iShares Russell Midcap Index F RUS MID CAP ETF 464287499 422 2,142 SH   SOLE   2,142 0 0
First Trust Dow Jones Gbl Sele DJ GLBL DIVID 33734X200 441 17,100 SH   SOLE   17,100 0 0
Schwab Emerging Markets Equity EMRG MKTEQ ETF 808524706 296 11,005 SH   SOLE   11,005 0 0
Vanguard Emerging Markets FTSE EMR MKT ETF 922042858 269 6,179 SH   SOLE   6,179 0 0
Vanguard FTSE All-World Ex-US ALLWRLD EX US 922042775 209 3,965 SH   SOLE   3,965 0 0
iShares MSCI EAFE Index Fund MSCI EAFE ETF 464287465 2,847 41,573 SH   SOLE   41,573 0 0
iShares MSCI Emerging Markets MSCI EMG MKT ETF 464287234 448 9,999 SH   SOLE   9,999 0 0
SPDR Gold Trust GOLD SHS 78463v107 448 3,685 SH   SOLE   3,685 0 0
Schwab US Aggregate Bond ETF US AGGREGATE B 808524839 259 4,939 SH   SOLE   4,939 0 0
iShares Barclays US TIPS Fund TIPS BD ETF 464287176 236 2,075 SH   SOLE   2,075 0 0