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
AFLAC INC COM 001055102 214 3,446 SH   DFND   0 0 3,446
AT&T INC COM 00206R102 3,262 96,454 SH   DFND   11,985 0 84,469
ABBOTT LABORATORIES COM 002824100 1,223 36,840 SH   DFND   2,050 0 34,790
ABBVIE INC COM 00287Y109 2,983 66,700 SH   DFND   7,800 0 58,900
AGILENT TECHNOLOGIES INC COM 00846U101 6,736 131,435 SH   DFND   4,100 0 127,335
AIR LEASE CORP CL A COM 00912X302 5,556 200,850 SH   DFND   12,500 0 188,350
ALTRIA GROUP INC COM 02209S103 289 8,400 SH   DFND   0 0 8,400
AMERICAN EXPRESS CO COM 025816109 231 3,055 SH   DFND   400 0 2,655
AMERICAN WATER WORKS CO COM 030420103 662 16,025 SH   DFND   0 0 16,025
AMGEN INC COM 031162100 241 2,150 SH   DFND   1,000 0 1,150
APPLE INC COM 037833100 4,817 10,104 SH   DFND   370 0 9,734
AUTOMATIC DATA PROCESSING INC COM 053015103 665 9,181 SH   DFND   6,750 0 2,431
BECTON DICKINSON& CO COM 075887109 410 4,100 SH   DFND   350 0 3,750
BERKSHIRE HATHAWAY INC COM 084670108 1,193 7 SH   DFND   0 0 7
BERKSHIRE HATHAWAY INC CLASS B COM 084670702 1,450 12,776 SH   DFND   850 0 11,926
BIOGEN IDEC INC COM 09062X103 221 920 SH   DFND   0 0 920
THE BLACKSTONE GROUP LP COM 09253U108 1,935 77,725 SH   DFND   5,000 0 72,725
BRISTOL-MYERS SQUIBB CO COM 110122108 409 8,848 SH   DFND   1,900 0 6,948
BROADCOM CORP CL A COM 111320107 205 7,893 SH   DFND   0 0 7,893
CVS CAREMARK CORP COM 126650100 2,621 46,180 SH   DFND   2,050 0 44,130
CATERPILLAR INC COM 149123101 227 2,725 SH   DFND   0 0 2,725
CENTURYLINK, INC. COM 156700106 4,627 147,463 SH   DFND   2,845 0 144,618
CHEVRON CORP COM 166764100 8,959 73,737 SH   DFND   12,160 0 61,577
CHUBB CORP COM 171232101 292 3,267 SH   DFND   0 0 3,267
CINEMARK HOLDINGS INC COM 17243V102 6,302 198,538 SH   DFND   16,550 0 181,988
CISCO SYSTEMS INC COM 17275R102 893 38,103 SH   DFND   7,100 0 31,003
COCA-COLA COMPANY COM 191216100 1,299 34,290 SH   DFND   1,900 0 32,390
COGNIZANT TECH SOL CL A COM 192446102 1,499 18,255 SH   DFND   1,675 0 16,580
COLGATE-PALMOLIVE CO. COM 194162103 535 9,024 SH   DFND   4,100 0 4,924
CONOCOPHILLIPS COM 20825C104 536 7,717 SH   DFND   0 0 7,717
COSTCO WHSL CORP (NEW) COM 22160K105 959 8,327 SH   DFND   1,910 0 6,417
DEERE& CO COM 244199105 286 3,516 SH   DFND   0 0 3,516
DEVON ENERGY CORP (NEW) COM 25179M103 2,344 40,589 SH   DFND   1,900 0 38,689
AAM/DFA US HIGH BOOK TO MARKET PORTFOLIO 25434D880 176 10,052 SH   DFND   0 0 10,052
DISNEY CO. (WALT) COM 254687106 3,455 53,580 SH   DFND   10,350 0 43,230
DU PONT (E.I.) DE NEMOURS COM 263534109 6,129 104,659 SH   DFND   5,450 0 99,209
DUKE ENERGY CORP COM 26441C204 5,623 84,196 SH   DFND   9,806 0 74,390
EMC CORP/MASS COM 268648102 8,409 328,988 SH   DFND   15,800 0 313,188
EMERSON ELECTRIC COMPANY COM 291011104 1,721 26,603 SH   DFND   0 0 26,603
ENTERPRISE PRD PRTNRS LP COM 293792107 350 5,738 SH   DFND   0 0 5,738
EXPRESS SCRIPTS HOLDING CO COM 30219G108 5,892 95,344 SH   DFND   4,425 0 90,919
EXXON MOBIL CORP COM 30231G102 5,462 63,480 SH   DFND   9,330 0 54,150
FEDEX CORPORATION COM 31428X106 1,094 9,585 SH   DFND   215 0 9,370
GENERAL ELECTRIC COMPANY COM 369604103 1,819 76,150 SH   DFND   21,560 0 54,590
GENERAL MILLS INCORPORATED COM 370334104 240 5,000 SH   DFND   0 0 5,000
GENUINE PARTS CO COM 372460105 493 6,100 SH   DFND   5,600 0 500
GILEAD SCIENCES INC COM 375558103 1,992 31,680 SH   DFND   2,380 0 29,300
GOLDCORP INC. COM 380956409 1,168 44,924 SH   DFND   4,100 0 40,824
HCP INC COM 40414L109 1,144 27,925 SH   DFND   3,025 0 24,900
HEALTH CARE REIT INC COM 42217K106 3,374 54,094 SH   DFND   7,295 0 46,799
HECLA MNG CO COM 422704106 31 10,000 SH   DFND   0 0 10,000
HOME DEPOT INC COM 437076102 882 11,625 SH   DFND   500 0 11,125
HONEYWELL INTERNATIONAL INC COM 438516106 605 7,285 SH   DFND   2,630 0 4,655
INTEL CORPORATION COM 458140100 907 39,577 SH   DFND   6,500 0 33,077
INTERNATIONAL BUSINESS MACHINE COM 459200101 3,281 17,719 SH   DFND   1,990 0 15,729
ISHARES TR DJ SEL DVI INX COM 464287168 381 5,750 SH   DFND   0 0 5,750
ISHARES TRUST INDEX FUND FTSE XINHUA HK CH 464287184 210 5,650 SH   DFND   0 0 5,650
ISHARES TR NASDAQ BIO FD NASDAQ BIOTECH IN 464287556 1,843 8,795 SH   DFND   500 0 8,295
ISHARES DJ US REGIONAL BANKS COM 464288778 2,590 86,860 SH   DFND   9,000 0 77,860
ISHARES US MEDICAL DEVICES ETF COM 464288810 6,270 74,030 SH   DFND   2,750 0 71,280
JPMORGAN CHASE& CO COM 46625H100 5,178 100,168 SH   DFND   6,980 0 93,188
JACOBS ENGINEERING GROUP INC COM 469814107 3,015 51,829 SH   DFND   100 0 51,729
JOHNSON& JOHNSON COM 478160104 8,376 96,621 SH   DFND   11,195 0 85,426
KAYNE ANDERSON MLP INVESTMENT COM 486606106 6,368 177,627 SH   DFND   19,045 0 158,582
KIMBERLY CLARK COM 494368103 520 5,520 SH   DFND   4,320 0 1,200
KINDER MORGAN ENERGY PTNRS COM 494550106 286 3,581 SH   DFND   0 0 3,581
KRAFT FOODS GROUP INC COM 50076Q106 5,790 110,320 SH   DFND   8,535 0 101,785
LITMAN GREGORY MASTERS INTL FD INSTITUTIONAL CLA 53700T207 183 10,455 SH   SOLE   10,455 0 0
LOWES CO INC COM 548661107 2,681 56,316 SH   DFND   675 0 55,641
MARKET VECTORS ETF TR OIL SVCS COM 57060U191 254 5,400 SH   DFND   2,400 0 3,000
MATTHEWS ASIA DIVIDEND FUND FUND 577125107 697 44,141 SH   DFND   0 0 44,141
MATTHEWS PACIFIC TIGER FUND FUND 577130107 5,429 221,039 SH   DFND   13,748 0 207,290
MATTHEWS ASIAN GROWTH& INCOME FUND 577130206 299 15,719 SH   DFND   4,012 0 11,706
MCDONALDS CORP COM 580135101 428 4,450 SH   DFND   3,450 0 1,000
MERCK& CO. INC. COM 58933Y105 4,367 91,729 SH   DFND   2,160 0 89,569
MESABI TRUST CTF BEN INT ROYALTY TRUST 590672101 217 9,900 SH   DFND   0 0 9,900
METLIFE INC COM 59156R108 6,965 148,352 SH   DFND   10,380 0 137,972
MICROSOFT CORP COM 594918104 9,023 271,133 SH   DFND   19,800 0 251,333
MID AMERICA APARTMENT COM. COM 59522J103 308 4,925 SH   DFND   0 0 4,925
MONDELEZ INTERNATIONAL INC COM 609207105 270 8,603 SH   DFND   1,200 0 7,403
NATIONAL RETAIL PROPERTIES INC COM 637417106 1,009 31,725 SH   DFND   1,050 0 30,675
NESTLE SA SPNSRD ADR REP RG SH COM 641069406 243 3,485 SH   DFND   2,100 0 1,385
NEXTERA ENERGY INC COM 65339F101 874 10,900 SH   DFND   3,650 0 7,250
NORTHEAST UTILITIES COM 664397106 975 23,635 SH   DFND   0 0 23,635
NOVO-NORDISK A-S ADR F 1 ADR REP 1 ORD 670100205 444 2,624 SH   DFND   1,810 0 814
OCCIDENTAL PETROLEUM COM 674599105 7,655 81,838 SH   DFND   4,715 0 77,123
ORACLE CORP COM 68389X105 9,089 274,016 SH   DFND   20,375 0 253,641
PPG INDUSTRIES COM 693506107 284 1,700 SH   DFND   200 0 1,500
PPL CORP COM 69351T106 1,160 38,190 SH   DFND   800 0 37,390
DREYFUS MID CAP INDEX FUND FUND 712223106 226 6,375 SH   SOLE   6,375 0 0
PEPSICO INCORPORATED COM 713448108 5,328 67,023 SH   DFND   5,900 0 61,123
PFIZER INC COM 717081103 400 13,932 SH   DFND   2,683 0 11,249
PHILIP MORRIS INTL INC COM 718172109 353 4,081 SH   DFND   0 0 4,081
PHILLIPS 66 COM 718546104 212 3,658 SH   DFND   0 0 3,658
POWERSHARES ETF TRUST WATER RESOURCE 73935X575 1,808 75,600 SH   DFND   8,800 0 66,800
POWERSHARES DYNAMIC PHARMACEUTICALS 73935X799 762 16,550 SH   DFND   0 0 16,550
PRICE T ROWE GROWTH STOCK FD FUND 741479109 235 5,006 SH   SOLE   5,006 0 0
PROCTER AND GAMBLE COMPANY COM 742718109 3,317 43,881 SH   DFND   4,750 0 39,131
QUALCOMM INC. COM 747525103 6,128 91,031 SH   DFND   3,455 0 87,576
T ROWE PRICE EQUITY INCOME FD FUND 779547108 201 6,450 SH   DFND   4,750 0 1,700
ROYAL BANK CANADA MONTREAL QUE COM 780087102 321 5,000 SH   DFND   0 0 5,000
GUGGENHEIM S&P 500 EQUAL WEIGHT 78355W106 280 4,300 SH   DFND   0 0 4,300
S&P 500 DEPOSITARY RECEIPTS COM 78462F103 669 3,980 SH   DFND   850 0 3,130
SPDR GOLD TRUST COM 78463V107 391 3,050 SH   DFND   1,400 0 1,650
SPDR SERIES TRUST S&P BIOTECH COM 78464A870 2,872 22,233 SH   DFND   490 0 21,743
SCHLUMBERGER LIMITED COM 806857108 9,597 108,612 SH   DFND   9,550 0 99,062
SCHWAB INTL INDEX FUND SELECT SHARES 808509830 261 13,495 SH   DFND   0 0 13,495
SCHWAB S&P 500 INDEX FUN D - SELECT SHARES 808509855 735 27,673 SH   DFND   0 0 27,673
SCHWAB 1000 FUND FUND 808517106 780 16,860 SH   DFND   860 0 16,000
SCHWAB US LARGE CAP COM 808524201 784 19,500 SH   DFND   0 0 19,500
SECT SPDR MATERIALS FUND COM 81369Y100 208 4,950 SH   DFND   4,000 0 950
SECT SPDR THE UTILITES SEL FD COM 81369Y886 1,052 28,153 SH   DFND   6,623 0 21,530
STANLEY BLACK& DECKER INC COM 854502101 322 3,550 SH   DFND   0 0 3,550
STARWOOD PROPERTY TRUST, INC. COM 85571B105 8,959 373,765 SH   DFND   31,700 0 342,065
SYNGENTA AG SPONSORED ADR'S COM 87160A100 1,294 15,917 SH   DFND   1,600 0 14,317
TARGET CORP COM 87612E106 5,664 88,532 SH   DFND   2,500 0 86,032
THERMO FISHER SCIENTIFIC INC COM 883556102 8,174 88,708 SH   DFND   4,225 0 84,483
3M CO COM 88579Y101 1,028 8,610 SH   DFND   4,210 0 4,400
TORCHMARK CORP COM 891027104 291 4,025 SH   DFND   0 0 4,025
TORTOISE ENERGY INFRSTRC COM 89147L100 491 10,700 SH   DFND   0 0 10,700
TORTOISE MLP FUND, INC. COM 89148B101 3,595 132,786 SH   DFND   9,275 0 123,511
TRAVELERS COS INC/THE COM 89417E109 248 2,930 SH   DFND   0 0 2,930
UNION PACIFIC CORPORATION COM 907818108 307 1,976 SH   DFND   400 0 1,576
UNITED PARCEL SERVICE -CL B COM 911312106 5,898 64,547 SH   DFND   3,925 0 60,622
UNITED TECHNOLOGIES CORP COM 913017109 5,770 53,519 SH   DFND   6,845 0 46,674
VANGUARD INFORMATION TECH ETF COM 92204A702 1,896 23,500 SH   DFND   0 0 23,500
VENTAS INC COM 92276F100 1,410 22,923 SH   DFND   0 0 22,923
VANGUARD 500 INDEX FUND FUND 922908108 1,058 6,826 SH   DFND   1,982 0 4,844
VERIZON COMMUNICATIONS COM 92343V104 578 12,378 SH   DFND   5,691 0 6,687
VISA INC-CLASS A SHRS COM 92826C839 3,323 17,390 SH   DFND   810 0 16,580
WALGREEN CO COM 931422109 342 6,350 SH   DFND   0 0 6,350
WASTE MANAGEMENT INC. COM 94106L109 681 16,524 SH   DFND   0 0 16,524
WELLS FARGO& CO (NEW) COM 949746101 1,273 30,820 SH   DFND   8,276 0 22,544
ENSCO PLC CLASS A COM G3157S106 1,991 37,045 SH   DFND   1,150 0 35,895
GOLAR LNG LTD BERMUDA COM G9456A100 2,725 72,330 SH   DFND   1,775 0 70,555
WEATHERFORD INTERNATIONAL LTD COM H27013103 987 64,380 SH   DFND   4,000 0 60,380
PENTAIR LTD COM H6169Q108 6,511 100,255 SH   DFND   5,278 0 94,977
TYCO INTERNATIONAL LTD COM H89128104 4,892 139,844 SH   DFND   6,950 0 132,894