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
Estimated average burden
hours per response: 23.8
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 COM 88579y101 1,335 6,360 SH   SOLE   2,120 0 4,240
3M COM 88579y101 42 200 SH   OTR 2 0 0 200
AT&T COM 030177109 612 15,618 SH   SOLE   0 0 15,618
Abbott Laboratories COM 002824100 1,917 35,935 SH   SOLE   0 0 35,935
Abbvie COM 00287Y109 2,858 32,160 SH   SOLE   0 0 32,160
Alphabet Class C COM 02079k107 796 830 SH   SOLE   0 0 830
Alphabet Class C COM 02079k107 240 250 SH   OTR 2 0 0 250
American Express COM 025816109 1,357 15,000 SH   SOLE   612 0 14,388
American Water Works COM 030420103 348 4,305 SH   SOLE   0 0 4,305
Ameriprise Financial COM 03076C106 446 3,000 SH   SOLE   0 0 3,000
Amgen COM 031162100 964 5,168 SH   SOLE   600 0 4,568
Anadarko Petroleum COM 032511107 401 8,200 SH   SOLE   0 0 8,200
Apple COM 037833100 2,041 13,240 SH   SOLE   1,288 0 11,952
Apple COM 037833100 339 2,200 SH   OTR 2 0 0 2,200
Applied Materials COM 038222105 2,126 40,812 SH   SOLE   1,600 0 39,212
Baker Hughes A GE COM 05722G100 395 10,797 SH   SOLE   0 0 10,797
Bank of New York Mellon COM 064058100 560 10,560 SH   SOLE   7,392 0 3,168
Bristol-Myers Squibb COM 110122108 3,087 48,436 SH   SOLE   5,866 0 42,570
Bristol-Myers Squibb COM 110122108 664 10,411 SH   OTR 2 0 0 10,411
C R Bard COM 067383109 778 2,427 SH   SOLE   0 0 2,427
CMS Energy COM 125896100 561 12,118 SH   SOLE   0 0 12,118
CVS/Caremark COM 126650100 213 2,625 SH   SOLE   0 0 2,625
Cabot Corp. COM 127055101 788 14,129 SH   SOLE   0 0 14,129
Cadence Design System COM 127387108 804 20,368 SH   SOLE   0 0 20,368
Caterpillar COM 149123101 291 2,332 SH   SOLE   1,000 0 1,332
Celgene COM 151020104 1,737 11,911 SH   SOLE   1,600 0 10,311
Celgene COM 151020104 117 800 SH   OTR 2 0 0 800
Chevron COM 166764100 2,256 19,199 SH   SOLE   716 0 18,483
Chevron COM 166764100 496 4,225 SH   OTR 2 0 0 4,225
Cisco Systems COM 17275R952 336 10,000 SH   SOLE   0 0 10,000
Cisco Systems COM 17275R952 62 1,838 SH   OTR 2 0 0 1,838
Clorox COM 189054109 2,638 20,000 SH   SOLE   2,320 0 17,680
Coca-Cola COM 191216100 349 7,750 SH   SOLE   0 0 7,750
D R Horton COM 23331A109 641 16,051 SH   SOLE   0 0 16,051
DTE Energy COM 233331107 582 5,417 SH   SOLE   0 0 5,417
Dell Technologies Class V COM 24703L103 925 11,984 SH   SOLE   0 0 11,984
Diodes COM 254543101 626 20,900 SH   SOLE   0 0 20,900
Disney COM 254687106 2,874 29,160 SH   SOLE   3,000 0 26,160
Dolby Class A COM 25659T107 798 13,865 SH   SOLE   0 0 13,865
Dover Corp. COM 260003108 669 7,318 SH   SOLE   0 0 7,318
DowDuPont COM 26078j100 4,658 67,288 SH   SOLE   9,574 0 57,714
Dr. Pepper Snapple COM 26138E109 212 2,400 SH   SOLE   0 0 2,400
Edison International COM 281020107 579 7,506 SH   SOLE   0 0 7,506
Emerson Electric COM 291011104 761 12,116 SH   SOLE   3,800 0 8,316
Emerson Electric COM 291011104 337 5,370 SH   OTR 2 0 0 5,370
Equifax COM 294429105 251 2,368 SH   OTR 2 0 0 2,368
Everest RE Group COM G3223R108 672 2,942 SH   SOLE   0 0 2,942
Express Scripts COM 30219g108 546 8,618 SH   SOLE   500 0 8,118
Exxon Mobil COM 30231G102 5,053 61,641 SH   SOLE   7,527 0 54,114
Exxon Mobil COM 30231G102 649 7,911 SH   OTR 2 0 0 7,911
FedEx COM 31428x106 581 2,575 SH   SOLE   0 0 2,575
Fidelity National Info. COM 31620M106 469 5,020 SH   OTR 2 0 0 5,020
Fifth 3rd Bancorp COM 316773100 523 18,700 SH   SOLE   0 0 18,700
First American Financial COM 31847r102 455 9,100 SH   SOLE   0 0 9,100
Flir Systems COM 302445101 714 18,346 SH   SOLE   0 0 18,346
Ford Motor COM 345370860 142 11,900 SH   SOLE   2,800 0 9,100
General Electric COM 369604103 2,542 105,141 SH   SOLE   6,300 0 98,841
General Electric COM 369604103 380 15,713 SH   OTR 2 0 0 15,713
Hologic COM 436440101 440 12,000 SH   SOLE   0 0 12,000
Home Depot COM 437076102 1,591 9,727 SH   SOLE   1,100 0 8,627
Humana COM 444859102 207 850 SH   SOLE   0 0 850
Huntington Ingalls Ind. COM 446413106 975 4,305 SH   SOLE   0 0 4,305
IAC Interactive Corp. COM 44919P508 1,150 9,782 SH   SOLE   0 0 9,782
Icon PLC COM G4705A100 1,057 9,286 SH   SOLE   0 0 9,286
Intel COM 458140100 2,959 77,707 SH   SOLE   9,600 0 68,107
Intel COM 458140100 68 1,780 SH   OTR 2 0 0 1,780
International Business Machine COM 459200101 1,708 11,770 SH   SOLE   1,610 0 10,160
JPMorgan Chase COM 46625h100 7,449 77,989 SH   SOLE   1,624 0 76,365
JPMorgan Chase COM 46625h100 2,007 21,012 SH   OTR 2 0 0 21,012
Johnson & Johnson COM 478160104 17,688 136,053 SH   SOLE   6,471 0 129,582
Johnson & Johnson COM 478160104 1,165 8,959 SH   OTR 2 0 0 8,959
Kimberly Clark COM 494368103 549 4,663 SH   OTR 2 0 0 4,663
Lear Corp. COM 521865204 981 5,668 SH   SOLE   0 0 5,668
Liberty Interactive Corp. COM 53071M856 687 11,939 SH   SOLE   0 0 11,939
Marriott Vacations Worldwide COM 57164Y107 995 7,988 SH   SOLE   0 0 7,988
Masco Corp. COM 574599106 733 18,799 SH   SOLE   0 0 18,799
McCormick COM 579780206 1,627 15,848 SH   SOLE   4,800 0 11,048
McDonald's Corp. COM 580135101 1,273 8,125 SH   SOLE   1,707 0 6,418
McDonald's Corp. COM 580135101 110 700 SH   OTR 2 0 0 700
Merck COM 58933y105 2,020 31,550 SH   SOLE   2,548 0 29,002
Merck COM 58933y105 417 6,509 SH   OTR 2 0 0 6,509
Microsoft COM 594918104 1,043 13,996 SH   SOLE   800 0 13,196
Microsoft COM 594918104 165 2,213 SH   OTR 2 0 0 2,213
Monsanto COM 61166w101 610 5,092 SH   SOLE   0 0 5,092
Monsanto COM 61166w101 288 2,400 SH   OTR 2 0 0 2,400
Nasdaq COM 631103108 594 7,655 SH   SOLE   0 0 7,655
Nestle ADR COM 641069406 3,495 41,700 SH   SOLE   6,000 0 35,700
Newmont Mining Corp. COM 651639106 846 22,542 SH   SOLE   0 0 22,542
Norfolk Southern COM 655844108 460 3,476 SH   OTR 2 0 0 3,476
Nvidia Corp. COM 67066G104 520 2,908 SH   SOLE   0 0 2,908
Owens Corning COM 690742101 1,070 13,838 SH   SOLE   0 0 13,838
PepsiCo COM 713448108 2,631 23,611 SH   SOLE   0 0 23,611
PepsiCo COM 713448108 945 8,479 SH   OTR 2 0 0 8,479
Pfizer COM 717081103 4,942 138,428 SH   SOLE   17,446 0 120,982
Pfizer COM 717081103 328 9,195 SH   OTR 2 0 0 9,195
Philip Morris COM 718172109 9 77 SH   SOLE   0 0 77
Philip Morris COM 718172109 240 2,166 SH   OTR 2 0 0 2,166
Polaris Ind. COM 731068102 628 6,000 SH   SOLE   0 0 6,000
Prestige Brands Holdings COM 74112D101 562 11,218 SH   SOLE   0 0 11,218
Procter & Gamble COM 742718109 3,359 36,916 SH   SOLE   2,437 0 34,479
Procter & Gamble COM 742718109 805 8,853 SH   OTR 2 0 0 8,853
Quaker Chemical COM 747316107 266 1,800 SH   SOLE   0 0 1,800
Quanta Services COM 74762E102 783 20,956 SH   SOLE   0 0 20,956
RPC Inc. COM 749660106 692 27,909 SH   SOLE   0 0 27,909
Realogy Holdings COM 75605y106 487 14,775 SH   SOLE   0 0 14,775
Reinsurance Group of America COM 759351604 665 4,766 SH   SOLE   0 0 4,766
Reliance Steel & Aluminum COM 759509102 659 8,646 SH   SOLE   0 0 8,646
Rockwell Automation COM 773903109 887 4,975 SH   SOLE   0 0 4,975
S&P Global COM 78409V104 1,368 8,749 SH   SOLE   900 0 7,849
Schlumberger COM 806857108 772 11,060 SH   SOLE   1,600 0 9,460
Schlumberger COM 806857108 408 5,855 SH   OTR 2 0 0 5,855
Schwab, Charles COM 808513105 1,584 36,213 SH   SOLE   0 0 36,213
South Street Corp. COM 840441109 678 7,533 SH   SOLE   0 0 7,533
Spectrum Brands Holdings COM 84763R101 615 5,805 SH   SOLE   0 0 5,805
Suntrust Banks COM 867914103 870 14,558 SH   SOLE   0 0 14,558
Synopsys COM 871607107 905 11,244 SH   SOLE   0 0 11,244
Transocean Ltd COM H8817H100 371 34,499 SH   SOLE   0 0 34,499
Travelers COM 89417E109 205 1,675 SH   SOLE   0 0 1,675
Union Pacific COM 907818108 261 2,250 SH   SOLE   400 0 1,850
Union Pacific COM 907818108 383 3,300 SH   OTR 2 0 0 3,300
United Healthcare COM 91324P102 578 2,950 SH   SOLE   0 0 2,950
United Parcel Service 'B' COM 911312106 288 2,400 SH   SOLE   300 0 2,100
United Rentals COM 911363109 309 2,225 SH   SOLE   0 0 2,225
Varian Medical Systems COM 92220P105 686 6,855 SH   SOLE   0 0 6,855
Verizon Communications COM 92343v104 1,450 29,294 SH   SOLE   1,700 0 27,594
Wal-Mart Stores COM 931142103 691 8,842 SH   SOLE   0 0 8,842
Waste Management COM 94106L109 1,283 16,396 SH   SOLE   0 0 16,396
Westlake Chemical Corp. COM 960413102 973 11,711 SH   SOLE   0 0 11,711
Wyndham Worldwide Corp. COM 98310W108 781 7,408 SH   SOLE   0 0 7,408
Yum! Brands COM 988498101 306 4,160 SH   SOLE   0 0 4,160
Zimmer Biomet COM 98956p102 574 4,904 SH   SOLE   1,255 0 3,649
Zimmer Biomet COM 98956p102 351 2,996 SH   OTR 2 0 0 2,996
Zoetis COM 98978v103 352 5,525 SH   SOLE   0 0 5,525
American Campus Comm. COM 024835100 593 13,434 SH   SOLE   0 0 13,434
Equinix COM 29444U700 850 1,905 SH   SOLE   0 0 1,905
Mid America Apartment Communit COM 59522J103 735 6,876 SH   SOLE   0 0 6,876
Retail Opportunity Investments COM 76131N101 495 26,034 SH   SOLE   0 0 26,034
Store Cap Corp COM 862121100 642 25,800 SH   SOLE   0 0 25,800