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 1,111 5,830 SH   SOLE   2,120 0 3,710
AMC Networks COM 00164V103 596 10,867 SH   SOLE   0 0 10,867
AMN Healthcare Svcs. COM 001744101 630 11,115 SH   SOLE   0 0 11,115
AT&T COM 030177109 434 15,196 SH   SOLE   0 0 15,196
Abbott Laboratories COM 002824100 2,272 31,409 SH   SOLE   0 0 31,409
Abbvie COM 00287Y109 2,965 32,160 SH   SOLE   0 0 32,160
Alphabet Class C COM 02079k107 849 820 SH   SOLE   0 0 820
Alphabet Class C COM 02079k107 259 250 SH   OTR 2 0 0 250
Amazon COM 023135106 464 309 SH   SOLE   0 0 309
American Equity Inv. Life Hold COM 025676206 485 17,350 SH   SOLE   0 0 17,350
American Express COM 025816109 1,158 12,153 SH   SOLE   612 0 11,541
American Water Works COM 030420103 528 5,812 SH   SOLE   0 0 5,812
Ameriprise Financial COM 03076C106 250 2,400 SH   SOLE   0 0 2,400
Amgen COM 031162100 968 4,973 SH   SOLE   600 0 4,373
Anadarko Petroleum COM 032511107 577 13,165 SH   SOLE   0 0 13,165
Apple COM 037833100 1,847 11,710 SH   SOLE   1,288 0 10,422
Apple COM 037833100 221 1,400 SH   OTR 2 0 0 1,400
Applied Materials COM 038222105 926 28,290 SH   SOLE   1,600 0 26,690
Applied Materials COM 038222105 29 900 SH   OTR 2 0 0 900
Baker Hughes A GE COM 05722G100 404 18,772 SH   SOLE   0 0 18,772
Bank of New York Mellon COM 064058100 497 10,560 SH   SOLE   7,392 0 3,168
Becton Dickinson COM 075887109 933 4,142 SH   SOLE   0 0 4,142
Bristol-Myers Squibb COM 110122108 2,461 47,336 SH   SOLE   5,866 0 41,470
Bristol-Myers Squibb COM 110122108 479 9,211 SH   OTR 2 0 0 9,211
CMS Energy COM 125896100 826 16,634 SH   SOLE   0 0 16,634
Cabot Corp. COM 127055101 727 16,932 SH   SOLE   0 0 16,932
Caterpillar COM 149123101 280 2,207 SH   SOLE   1,000 0 1,207
Celgene COM 151020104 565 8,816 SH   SOLE   1,600 0 7,216
Chevron COM 166764100 1,918 17,629 SH   SOLE   716 0 16,913
Chevron COM 166764100 443 4,075 SH   OTR 2 0 0 4,075
Cigna COM 125509109 338 1,780 SH   SOLE   122 0 1,658
Cisco Systems COM 17275R952 363 8,375 SH   SOLE   0 0 8,375
Cisco Systems COM 17275R952 80 1,838 SH   OTR 2 0 0 1,838
Clorox COM 189054109 2,922 18,954 SH   SOLE   2,320 0 16,634
Coca-Cola COM 191216100 315 6,650 SH   SOLE   0 0 6,650
Cognizant Technology Solutions COM 192446102 646 10,180 SH   SOLE   0 0 10,180
Dell COM 14703l103 1,139 23,302 SH   SOLE   0 0 23,302
Diodes COM 254543101 837 25,944 SH   SOLE   0 0 25,944
Disney COM 254687106 2,934 26,758 SH   SOLE   3,000 0 23,758
Dolby Class A COM 25659T107 923 14,925 SH   SOLE   0 0 14,925
Dover Corp. COM 260003108 559 7,876 SH   SOLE   0 0 7,876
DowDuPont COM 26078j100 3,208 59,983 SH   SOLE   9,574 0 50,409
DowDuPont COM 26078j100 91 1,700 SH   OTR 2 0 0 1,700
Edison International COM 281020107 464 8,173 SH   SOLE   0 0 8,173
Emerson Electric COM 291011104 709 11,866 SH   SOLE   3,800 0 8,066
Emerson Electric COM 291011104 316 5,290 SH   OTR 2 0 0 5,290
Equifax COM 294429105 221 2,368 SH   OTR 2 0 0 2,368
Exxon Mobil COM 30231G102 4,036 59,185 SH   SOLE   7,527 0 51,658
Exxon Mobil COM 30231G102 493 7,236 SH   OTR 2 0 0 7,236
FedEx COM 31428x106 454 2,815 SH   SOLE   0 0 2,815
Fidelity National Info. COM 31620M106 515 5,020 SH   OTR 2 0 0 5,020
Fifth 3rd Bancorp COM 316773100 367 15,605 SH   SOLE   0 0 15,605
First American Financial COM 31847r102 434 9,724 SH   SOLE   0 0 9,724
Flir Systems COM 302445101 860 19,749 SH   SOLE   0 0 19,749
General Electric COM 369604103 674 89,016 SH   SOLE   5,800 0 83,216
General Electric COM 369604103 119 15,713 SH   OTR 2 0 0 15,713
Genesee & Wyoming COM 371559105 871 11,763 SH   SOLE   0 0 11,763
Grand Canyon Ed COM 38526m106 428 4,457 SH   SOLE   0 0 4,457
Home Depot COM 437076102 1,734 10,093 SH   SOLE   1,100 0 8,993
Humana COM 444859102 1,249 4,360 SH   SOLE   0 0 4,360
Huntington Ingalls Ind. COM 446413106 704 3,700 SH   SOLE   0 0 3,700
IAC Interactive Corp. COM 44919P508 1,646 8,995 SH   SOLE   0 0 8,995
Icon PLC COM G4705A100 904 6,999 SH   SOLE   0 0 6,999
Intel COM 458140100 3,689 78,615 SH   SOLE   9,600 0 69,015
Intel COM 458140100 163 3,480 SH   OTR 2 0 0 3,480
International Business Machine COM 459200101 1,461 12,852 SH   SOLE   1,610 0 11,242
JPMorgan Chase COM 46625h100 6,199 63,504 SH   SOLE   1,624 0 61,880
JPMorgan Chase COM 46625h100 2,005 20,536 SH   OTR 2 0 0 20,536
Johnson & Johnson COM 478160104 16,131 125,000 SH   SOLE   6,471 0 118,529
Johnson & Johnson COM 478160104 1,156 8,959 SH   OTR 2 0 0 8,959
Keycorp COM 493267108 573 38,740 SH   SOLE   0 0 38,740
Kimberly Clark COM 494368103 531 4,663 SH   OTR 2 0 0 4,663
Kroger COM 501044101 748 27,185 SH   SOLE   0 0 27,185
Marriott Vacations Worldwide COM 57164Y107 607 8,605 SH   SOLE   0 0 8,605
Masco Corp. COM 574599106 372 12,731 SH   SOLE   0 0 12,731
McCormick COM 579780206 2,023 14,528 SH   SOLE   4,800 0 9,728
McDonald's Corp. COM 580135101 1,389 7,825 SH   SOLE   1,707 0 6,118
Merck COM 58933y105 2,369 31,006 SH   SOLE   2,548 0 28,458
Merck COM 58933y105 497 6,509 SH   OTR 2 0 0 6,509
Microsoft COM 594918104 1,427 14,047 SH   SOLE   800 0 13,247
Microsoft COM 594918104 164 1,613 SH   OTR 2 0 0 1,613
Mylan N V COM N59465109 594 21,670 SH   SOLE   0 0 21,670
Nasdaq COM 631103108 681 8,354 SH   SOLE   0 0 8,354
Nestle ADR COM 641069406 3,018 37,287 SH   SOLE   5,000 0 32,287
Newmont Mining Corp. COM 651639106 836 24,134 SH   SOLE   0 0 24,134
Nordstrom COM 655664100 577 12,369 SH   SOLE   0 0 12,369
Norfolk Southern COM 655844108 482 3,226 SH   OTR 2 0 0 3,226
Nvidia Corp. COM 67066G104 284 2,129 SH   SOLE   0 0 2,129
Old Republic COM 680223104 583 28,350 SH   SOLE   0 0 28,350
PepsiCo COM 713448108 2,534 22,936 SH   SOLE   0 0 22,936
PepsiCo COM 713448108 904 8,179 SH   OTR 2 0 0 8,179
Pfizer COM 717081103 5,559 127,351 SH   SOLE   17,446 0 109,905
Pfizer COM 717081103 401 9,195 SH   OTR 2 0 0 9,195
Polaris Ind. COM 731068102 483 6,305 SH   SOLE   0 0 6,305
Post Holdings COM 737446104 656 7,355 SH   SOLE   0 0 7,355
Procter & Gamble COM 742718109 3,202 34,838 SH   SOLE   2,437 0 32,401
Procter & Gamble COM 742718109 759 8,253 SH   OTR 2 0 0 8,253
Quaker Chemical COM 747316107 275 1,550 SH   SOLE   0 0 1,550
Qualcomm COM 747525103 206 3,621 SH   SOLE   900 0 2,721
Quanta Services COM 74762E102 679 22,555 SH   SOLE   0 0 22,555
Reliance Steel & Aluminum COM 759509102 754 10,592 SH   SOLE   0 0 10,592
Rockwell Automation COM 773903109 806 5,356 SH   SOLE   0 0 5,356
S&P Global COM 78409V104 1,409 8,292 SH   SOLE   900 0 7,392
Schlumberger COM 806857108 360 9,990 SH   SOLE   1,600 0 8,390
Schlumberger COM 806857108 211 5,855 SH   OTR 2 0 0 5,855
Schwab, Charles COM 808513105 1,542 37,128 SH   SOLE   0 0 37,128
Suntrust Banks COM 867914103 790 15,669 SH   SOLE   0 0 15,669
Synopsys COM 871607107 1,020 12,113 SH   SOLE   0 0 12,113
Union Pacific COM 907818108 408 2,950 SH   SOLE   400 0 2,550
Union Pacific COM 907818108 359 2,600 SH   OTR 2 0 0 2,600
United Health Group COM 91324P102 690 2,770 SH   SOLE   0 0 2,770
United Parcel Service 'B' COM 911312106 229 2,350 SH   SOLE   300 0 2,050
Universal Health Svcs COM 913903100 645 5,530 SH   SOLE   0 0 5,530
Varian Medical Systems COM 92220P105 837 7,384 SH   SOLE   0 0 7,384
Verizon Communications COM 92343v104 1,602 28,489 SH   SOLE   1,700 0 26,789
Wal-Mart Stores COM 931142103 777 8,342 SH   SOLE   0 0 8,342
Waste Management COM 94106L109 1,424 16,006 SH   SOLE   0 0 16,006
Westlake Chemical Corp. COM 960413102 834 12,604 SH   SOLE   0 0 12,604
Wyndham Destinations COM 98310w108 286 7,974 SH   SOLE   0 0 7,974
Wyndham Hotels & Resorts COM 98311a105 362 7,974 SH   SOLE   0 0 7,974
Yum! Brands COM 988498101 325 3,537 SH   SOLE   0 0 3,537
Zimmer Biomet COM 98956p102 514 4,952 SH   SOLE   1,255 0 3,697
Zimmer Biomet COM 98956p102 290 2,796 SH   OTR 2 0 0 2,796
Zoetis COM 98978v103 823 9,620 SH   SOLE   0 0 9,620
Digital Realty Trust COM 253868103 202 1,900 SH   SOLE   0 0 1,900
Mid America Apartment Communit COM 59522J103 799 8,352 SH   SOLE   0 0 8,352
Store Cap Corp COM 862121100 876 30,945 SH   SOLE   0 0 30,945