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 1,251 6,360 SH   SOLE   2,120 0 4,240
AMC Networks COM 00164V103 544 8,752 SH   SOLE   0 0 8,752
AMN Healthcare Svcs. COM 001744101 651 11,115 SH   SOLE   0 0 11,115
AT&T COM 030177109 506 15,756 SH   SOLE   0 0 15,756
Abbott Laboratories COM 002824100 2,039 33,435 SH   SOLE   0 0 33,435
Abbvie COM 00287Y109 2,980 32,160 SH   SOLE   0 0 32,160
Alphabet Class C COM 02079k107 1,054 945 SH   SOLE   0 0 945
Alphabet Class C COM 02079k107 279 250 SH   OTR 2 0 0 250
Amazon COM 023135106 326 192 SH   SOLE   0 0 192
American Equity Inv. Life Hold COM 025676206 625 17,350 SH   SOLE   0 0 17,350
American Express COM 025816109 1,470 15,000 SH   SOLE   612 0 14,388
American Water Works COM 030420103 396 4,637 SH   SOLE   0 0 4,637
Ameriprise Financial COM 03076C106 420 3,000 SH   SOLE   0 0 3,000
Amgen COM 031162100 954 5,168 SH   SOLE   600 0 4,568
Anadarko Petroleum COM 032511107 964 13,165 SH   SOLE   0 0 13,165
Apple COM 037833100 2,515 13,585 SH   SOLE   1,288 0 12,297
Apple COM 037833100 278 1,500 SH   OTR 2 0 0 1,500
Applied Materials COM 038222105 2,019 43,715 SH   SOLE   1,600 0 42,115
Applied Materials COM 038222105 97 2,100 SH   OTR 2 0 0 2,100
Baker Hughes A GE COM 05722G100 624 18,897 SH   SOLE   0 0 18,897
Bank America COM 060505104 220 7,821 SH   SOLE   0 0 7,821
Bank of New York Mellon COM 064058100 570 10,560 SH   SOLE   7,392 0 3,168
Becton Dickinson COM 075887109 993 4,144 SH   SOLE   0 0 4,144
Bristol-Myers Squibb COM 110122108 2,680 48,436 SH   SOLE   5,866 0 42,570
Bristol-Myers Squibb COM 110122108 510 9,211 SH   OTR 2 0 0 9,211
CBRE Group COM 12504L109 243 5,095 SH   SOLE   0 0 5,095
CMS Energy COM 125896100 786 16,634 SH   SOLE   0 0 16,634
Cabot Corp. COM 127055101 1,046 16,932 SH   SOLE   0 0 16,932
Caterpillar COM 149123101 316 2,332 SH   SOLE   1,000 0 1,332
Celgene COM 151020104 946 11,916 SH   SOLE   1,600 0 10,316
Celgene COM 151020104 32 400 SH   OTR 2 0 0 400
Chevron COM 166764100 2,535 20,049 SH   SOLE   716 0 19,333
Chevron COM 166764100 515 4,075 SH   OTR 2 0 0 4,075
Cisco Systems COM 17275R952 430 10,000 SH   SOLE   0 0 10,000
Cisco Systems COM 17275R952 79 1,838 SH   OTR 2 0 0 1,838
Clorox COM 189054109 2,705 20,000 SH   SOLE   2,320 0 17,680
Coca-Cola COM 191216100 340 7,750 SH   SOLE   0 0 7,750
Cognizant Technology Solutions COM 192446102 804 10,180 SH   SOLE   0 0 10,180
Dell Technologies Class V COM 24703L103 1,091 12,898 SH   SOLE   0 0 12,898
Diodes COM 254543101 784 22,743 SH   SOLE   0 0 22,743
Disney COM 254687106 3,126 29,825 SH   SOLE   3,000 0 26,825
Dolby Class A COM 25659T107 921 14,925 SH   SOLE   0 0 14,925
Dover Corp. COM 260003108 577 7,876 SH   SOLE   0 0 7,876
DowDuPont COM 26078j100 4,446 67,445 SH   SOLE   9,574 0 57,871
DowDuPont COM 26078j100 112 1,700 SH   OTR 2 0 0 1,700
Dr. Pepper Snapple COM 26138E109 293 2,400 SH   SOLE   0 0 2,400
Edison International COM 281020107 508 8,023 SH   SOLE   0 0 8,023
Emerson Electric COM 291011104 838 12,116 SH   SOLE   3,800 0 8,316
Emerson Electric COM 291011104 371 5,370 SH   OTR 2 0 0 5,370
Equifax COM 294429105 296 2,368 SH   OTR 2 0 0 2,368
Express Scripts COM 30219g108 656 8,491 SH   SOLE   500 0 7,991
Exxon Mobil COM 30231G102 5,116 61,841 SH   SOLE   7,527 0 54,314
Exxon Mobil COM 30231G102 607 7,336 SH   OTR 2 0 0 7,336
FedEx COM 31428x106 605 2,665 SH   SOLE   0 0 2,665
Fidelity National Info. COM 31620M106 532 5,020 SH   OTR 2 0 0 5,020
Fifth 3rd Bancorp COM 316773100 815 28,405 SH   SOLE   0 0 28,405
First American Financial COM 31847r102 337 6,524 SH   SOLE   0 0 6,524
Flir Systems COM 302445101 1,026 19,749 SH   SOLE   0 0 19,749
General Electric COM 369604103 1,346 98,901 SH   SOLE   5,800 0 93,101
General Electric COM 369604103 214 15,713 SH   OTR 2 0 0 15,713
Genesee & Wyoming COM 371559105 957 11,763 SH   SOLE   0 0 11,763
Home Depot COM 437076102 2,027 10,387 SH   SOLE   1,100 0 9,287
Humana COM 444859102 1,298 4,360 SH   SOLE   0 0 4,360
Huntington Ingalls Ind. COM 446413106 802 3,700 SH   SOLE   0 0 3,700
IAC Interactive Corp. COM 44919P508 1,606 10,530 SH   SOLE   0 0 10,530
Icon PLC COM G4705A100 928 6,999 SH   SOLE   0 0 6,999
Intel COM 458140100 3,954 79,532 SH   SOLE   9,600 0 69,932
Intel COM 458140100 173 3,480 SH   OTR 2 0 0 3,480
International Business Machine COM 459200101 1,711 12,250 SH   SOLE   1,610 0 10,640
J M Smucker COM 832696405 443 4,122 SH   SOLE   0 0 4,122
JPMorgan Chase COM 46625h100 8,113 77,864 SH   SOLE   1,624 0 76,240
JPMorgan Chase COM 46625h100 2,148 20,612 SH   OTR 2 0 0 20,612
Johnson & Johnson COM 478160104 16,464 135,688 SH   SOLE   6,471 0 129,217
Johnson & Johnson COM 478160104 1,087 8,959 SH   OTR 2 0 0 8,959
Kimberly Clark COM 494368103 491 4,663 SH   OTR 2 0 0 4,663
Lear Corp. COM 521865204 1,133 6,100 SH   SOLE   0 0 6,100
Marriott Vacations Worldwide COM 57164Y107 972 8,605 SH   SOLE   0 0 8,605
Masco Corp. COM 574599106 758 20,251 SH   SOLE   0 0 20,251
McCormick COM 579780206 1,714 14,768 SH   SOLE   4,800 0 9,968
McDonald's Corp. COM 580135101 1,273 8,125 SH   SOLE   1,707 0 6,418
Merck COM 58933y105 1,915 31,550 SH   SOLE   2,548 0 29,002
Merck COM 58933y105 395 6,509 SH   OTR 2 0 0 6,509
Microsoft COM 594918104 1,380 13,996 SH   SOLE   800 0 13,196
Microsoft COM 594918104 159 1,613 SH   OTR 2 0 0 1,613
Mondelez COM 609207105 180 4,398 SH   SOLE   0 0 4,398
Mondelez COM 609207105 21 513 SH   OTR 2 0 0 513
Moody's Corp. COM 615369105 213 1,246 SH   SOLE   0 0 1,246
Mylan N V COM N59465109 783 21,670 SH   SOLE   0 0 21,670
Nasdaq COM 631103108 762 8,354 SH   SOLE   0 0 8,354
National Oilwell Varco COM 637071101 784 18,067 SH   SOLE   0 0 18,067
Nestle ADR COM 641069406 3,136 40,493 SH   SOLE   5,000 0 35,493
Newell Rubbermaid COM 651229106 424 16,430 SH   SOLE   0 0 16,430
Newmont Mining Corp. COM 651639106 910 24,134 SH   SOLE   0 0 24,134
Norfolk Southern COM 655844108 487 3,226 SH   OTR 2 0 0 3,226
Nvidia Corp. COM 67066G104 736 3,107 SH   SOLE   0 0 3,107
Owens Corning COM 690742101 529 8,347 SH   SOLE   0 0 8,347
PepsiCo COM 713448108 2,571 23,611 SH   SOLE   0 0 23,611
PepsiCo COM 713448108 890 8,179 SH   OTR 2 0 0 8,179
Pfizer COM 717081103 5,022 138,428 SH   SOLE   17,446 0 120,982
Pfizer COM 717081103 334 9,195 SH   OTR 2 0 0 9,195
Polaris Ind. COM 731068102 770 6,305 SH   SOLE   0 0 6,305
Procter & Gamble COM 742718109 2,877 36,858 SH   SOLE   2,437 0 34,421
Procter & Gamble COM 742718109 652 8,353 SH   OTR 2 0 0 8,353
Quaker Chemical COM 747316107 279 1,800 SH   SOLE   0 0 1,800
Qualcomm COM 747525103 209 3,721 SH   SOLE   900 0 2,821
Quanta Services COM 74762E102 753 22,555 SH   SOLE   0 0 22,555
Reinsurance Group of America COM 759351604 685 5,130 SH   SOLE   0 0 5,130
Reliance Steel & Aluminum COM 759509102 1,077 12,307 SH   SOLE   0 0 12,307
Rockwell Automation COM 773903109 890 5,356 SH   SOLE   0 0 5,356
S&P Global COM 78409V104 1,752 8,592 SH   SOLE   900 0 7,692
Schlumberger COM 806857108 676 10,090 SH   SOLE   1,600 0 8,490
Schlumberger COM 806857108 392 5,855 SH   OTR 2 0 0 5,855
Schwab, Charles COM 808513105 1,867 36,528 SH   SOLE   0 0 36,528
South Street Corp. COM 840441109 688 7,976 SH   SOLE   0 0 7,976
Suntrust Banks COM 867914103 1,034 15,669 SH   SOLE   0 0 15,669
Synopsys COM 871607107 1,037 12,113 SH   SOLE   0 0 12,113
Transocean Ltd COM H8817H100 647 48,127 SH   SOLE   0 0 48,127
Travelers COM 89417E109 205 1,675 SH   SOLE   0 0 1,675
Union Pacific COM 907818108 418 2,950 SH   SOLE   400 0 2,550
Union Pacific COM 907818108 397 2,800 SH   OTR 2 0 0 2,800
United Health Group COM 91324P102 765 3,120 SH   SOLE   0 0 3,120
United Parcel Service 'B' COM 911312106 255 2,400 SH   SOLE   300 0 2,100
Varian Medical Systems COM 92220P105 840 7,384 SH   SOLE   0 0 7,384
Verizon Communications COM 92343v104 1,509 29,994 SH   SOLE   1,700 0 28,294
Wal-Mart Stores COM 931142103 757 8,842 SH   SOLE   0 0 8,842
Waste Management COM 94106L109 1,452 17,856 SH   SOLE   0 0 17,856
Westlake Chemical Corp. COM 960413102 1,357 12,604 SH   SOLE   0 0 12,604
Wyndham Destinations COM 98310w108 353 7,974 SH   SOLE   0 0 7,974
Wyndham Hotels & Resorts COM 98311a105 469 7,974 SH   SOLE   0 0 7,974
Yum! Brands COM 988498101 325 4,160 SH   SOLE   0 0 4,160
Zimmer Biomet COM 98956p102 569 5,104 SH   SOLE   1,255 0 3,849
Zimmer Biomet COM 98956p102 312 2,796 SH   OTR 2 0 0 2,796
Zoetis COM 98978v103 458 5,375 SH   SOLE   0 0 5,375
Digital Realty Trust COM 253868103 212 1,900 SH   SOLE   0 0 1,900
Mid America Apartment Communit COM 59522J103 841 8,352 SH   SOLE   0 0 8,352
Store Cap Corp COM 862121100 848 30,945 SH   SOLE   0 0 30,945