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
BB&T Pfd 5.2% PFD 054937602 288 12,000 SH   SOLE   12,000 0 0
JP Morgan PFD C 6.7% PFD 48125e207 205 8,100 SH   SOLE   8,100 0 0
Nextera Energy Cap Pfd 5.625 PFD 65339k704 202 8,000 SH   SOLE   8,000 0 0
Stanley Black & Decker 5.75% PFD 854502705 308 12,000 SH   SOLE   12,000 0 0
3M Company COM 88579y101 615 3,733 SH   SOLE   3,733 0 0
AbbVie Inc. COM 00287y109 18,009 307,643 SH   SOLE   307,643 0 0
Alliance Data Systems COM 018581108 1,309 4,421 SH   SOLE   4,421 0 0
Allstate COM 020002101 21,107 296,576 SH   SOLE   296,576 0 0
Ameriprise Financial Inc. COM 03076C106 13,608 104,007 SH   SOLE   104,007 0 0
Amgen COM 031162100 19,330 120,930 SH   SOLE   120,930 0 0
Anheuser-Busch InBev COM 03524a108 3,251 26,670 SH   SOLE   26,670 0 0
Apple Inc. COM 037833100 31,375 252,150 SH   SOLE   252,150 0 0
Arch Coal Inc. COM 039380100 29 30,000 SH   SOLE   30,000 0 0
Archer Daniels Midland COM 039483102 8,727 184,115 SH   SOLE   184,115 0 0
BB&T Corporation COM 054937107 869 22,307 SH   SOLE   22,307 0 0
Baker Hughes Inc. COM 057224107 666 10,475 SH   SOLE   10,475 0 0
BorgWarner Inc. COM 099724106 5,363 88,690 SH   SOLE   88,690 0 0
Brinker International COM 109641100 12,564 204,107 SH   SOLE   204,107 0 0
Bristol Myers Squibb COM 110122108 553 8,575 SH   SOLE   8,575 0 0
CNOOC Limited ADR COM 126132109 11,972 84,420 SH   SOLE   84,420 0 0
CSX Corp. COM 126408103 1,011 30,547 SH   SOLE   30,547 0 0
CVS Health Corp COM 126650100 21,120 204,636 SH   SOLE   204,636 0 0
Cardinal Health Inc. COM 14149y108 19,566 216,754 SH   SOLE   216,754 0 0
Carolina Financial Group COM 143873107 292 22,000 SH   SOLE   22,000 0 0
Caterpillar Inc Del COM 149123101 12,010 150,080 SH   SOLE   150,080 0 0
Celgene COM 151020104 19,315 167,551 SH   SOLE   167,551 0 0
Chevron Corp COM 166764100 13,597 129,522 SH   SOLE   129,522 0 0
Chubb Corp COM 171232101 252 2,501 SH   SOLE   2,501 0 0
Cisco Systems COM 17275R102 21,131 767,710 SH   SOLE   767,710 0 0
Citigroup Inc. COM 172967424 4,147 80,505 SH   SOLE   80,505 0 0
Coca-Cola Co. COM 191216100 1,873 46,194 SH   SOLE   46,194 0 0
Cognizant Technology Solutions COM 192446102 16,303 261,312 SH   SOLE   261,312 0 0
ConocoPhillips COM 20825C104 12,250 196,755 SH   SOLE   196,755 0 0
Cummins Engine COM 231021106 17,543 126,541 SH   SOLE   126,541 0 0
Delta Air Lines COM 247361702 20,965 466,319 SH   SOLE   466,319 0 0
Du Pont COM 263534109 570 7,980 SH   SOLE   7,980 0 0
Energy Finders Inc. COM 29268c109 0 10,000 SH   SOLE   10,000 0 0
Express Scripts, Inc. COM 30219g108 293 3,380 SH   SOLE   3,380 0 0
Exxon Mobil Corp. COM 30231g102 289 3,411 SH   SOLE   3,411 0 0
FedEx Corp COM 31428X106 201 1,215 SH   SOLE   1,215 0 0
First Bancorp NC COM 318910106 436 24,886 SH   SOLE   24,886 0 0
Fiserv Inc. COM 337738108 287 3,625 SH   SOLE   3,625 0 0
Foot Locker, Inc. COM 344849104 18,842 299,084 SH   SOLE   299,084 0 0
General Dynamics COM 369550108 18,798 138,497 SH   SOLE   138,497 0 0
General Elec Co. COM 369604103 4,704 189,633 SH   SOLE   189,633 0 0
Gilead Sciences Inc. COM 375558103 17,453 177,865 SH   SOLE   177,865 0 0
Goldman Sachs Group COM 38141G104 21,446 114,096 SH   SOLE   114,096 0 0
Goodyear Tire & Rubber COM 382550101 12,373 456,911 SH   SOLE   456,911 0 0
Google Cl A COM 38259p508 1,453 2,621 SH   SOLE   2,621 0 0
Google Cl C COM 38259p706 1,342 2,450 SH   SOLE   2,450 0 0
Halliburton Co. COM 406216101 14,345 326,928 SH   SOLE   326,928 0 0
Home Depot Inc. COM 437076102 20,584 181,189 SH   SOLE   181,189 0 0
Humana Inc. COM 444859102 472 2,656 SH   SOLE   2,656 0 0
IShares Russell Mid-Cap Index COM 464287499 3,014 17,411 SH   SOLE   17,411 0 0
Ingram Micro Inc. COM 457153104 17,011 677,212 SH   SOLE   677,212 0 0
Int'l. Business Machines COM 459200101 334 2,085 SH   SOLE   2,085 0 0
International Paper COM 460146103 321 5,795 SH   SOLE   5,795 0 0
J. P. Morgan COM 46625H100 597 9,870 SH   SOLE   9,870 0 0
Japan (iShares MSCI Index) COM 464286848 243 19,400 SH   SOLE   19,400 0 0
KLA-Tencor Corp. COM 482480100 221 3,805 SH   SOLE   3,805 0 0
Kinder Morgan Inc. COM 49456b101 4,328 102,906 SH   SOLE   102,906 0 0
Lam Research COM 512807108 4,001 56,970 SH   SOLE   56,970 0 0
Lincoln National Corporation COM 534187109 16,977 295,460 SH   SOLE   295,460 0 0
Lowe's Companies Inc. COM 548661107 613 8,247 SH   SOLE   8,247 0 0
Lyondell Basell Ind. COM N53745100 1,592 18,137 SH   SOLE   18,137 0 0
MSCI EAFE ETF COM 464287465 3,846 59,937 SH   SOLE   59,937 0 0
Manitowoc Inc Com COM 563571108 1,002 46,500 SH   SOLE   46,500 0 0
Marathon Oil Group COM 565849106 284 10,894 SH   SOLE   10,894 0 0
Medtronic PLC COM G5960L103 19,803 253,920 SH   SOLE   253,920 0 0
Merck & Co. COM 58933y105 18,256 317,620 SH   SOLE   317,620 0 0
Microchip Technology Inc. COM 595017104 3,528 72,153 SH   SOLE   72,153 0 0
Microsoft Corp. COM 594918104 18,332 450,929 SH   SOLE   450,929 0 0
Mylan NV COM n59465109 18,860 317,785 SH   SOLE   317,785 0 0
NVR Inc. COM 62944T105 4,496 3,384 SH   SOLE   3,384 0 0
National-Oilwell Varco Inc. COM 637071101 246 4,931 SH   SOLE   4,931 0 0
Oracle Systems Corp COM 68389X105 21,090 488,764 SH   SOLE   488,764 0 0
PNM Resources Inc. COM 69349h107 5,047 172,848 SH   SOLE   172,848 0 0
PTC Inc. COM 69370c100 4,652 128,625 SH   SOLE   128,625 0 0
Pfizer Inc. COM 717081103 310 8,927 SH   SOLE   8,927 0 0
Phillips 66 COM 718546104 12,630 160,689 SH   SOLE   160,689 0 0
Pinnacle West Capital COM 723484101 610 9,570 SH   SOLE   9,570 0 0
Precision Castparts Corp. COM 740189105 4,799 22,856 SH   SOLE   22,856 0 0
Qualcomm Inc. COM 747525103 21,085 304,082 SH   SOLE   304,082 0 0
R2000 ETF COM 464287655 3,063 24,636 SH   SOLE   24,636 0 0
Reliance Steel & Aluminum COM 759509102 11,199 183,363 SH   SOLE   183,363 0 0
Rock-Tenn Company COM 772739207 16,597 257,330 SH   SOLE   257,330 0 0
Ross Stores Inc. COM 778296103 267 2,540 SH   SOLE   2,540 0 0
S&P 400 ETF COM 464287507 1,493 9,830 SH   SOLE   9,830 0 0
SanDisk Corp. COM 80004C101 16,733 263,023 SH   SOLE   263,023 0 0
Sanmina Corp. COM 801056102 15,764 651,679 SH   SOLE   651,679 0 0
Schlumberger Limited COM 806857108 13,582 162,780 SH   SOLE   162,780 0 0
Simon PPTY Group COM 828806109 1,173 6,000 SH   SOLE   6,000 0 0
Skyworks Solutions Inc. COM 83088m102 19,557 198,982 SH   SOLE   198,982 0 0
Starbucks Corp. COM 855244109 485 5,130 SH   SOLE   5,130 0 0
SunTrust Banks Inc. COM 867914103 16,171 393,557 SH   SOLE   393,557 0 0
Synchrony Financial COM 87165B103 19,798 652,355 SH   SOLE   652,355 0 0
TJX Cos. Inc. COM 872540109 548 7,823 SH   SOLE   7,823 0 0
Target Corp. COM 87612E106 8,986 109,493 SH   SOLE   109,493 0 0
Transocean LTD COM H8817H100 9,393 640,297 SH   SOLE   640,297 0 0
Tyson Foods, Inc. COM 902494103 19,102 498,766 SH   SOLE   498,766 0 0
U.S. Bancorp COM 902973304 20,854 477,538 SH   SOLE   477,538 0 0
UGI Corp. COM 902681105 1,970 60,452 SH   SOLE   60,452 0 0
Union Pacific Corp. COM 907818108 20,199 186,501 SH   SOLE   186,501 0 0
United Technologies COM 913017109 928 7,920 SH   SOLE   7,920 0 0
Valero Energy Corp. COM 91913y100 19,604 308,152 SH   SOLE   308,152 0 0
Vanguard Emerging COM 922042858 1,319 32,285 SH   SOLE   32,285 0 0
Verizon Communications COM 92343v104 23,084 474,699 SH   SOLE   474,699 0 0
Visa Inc. COM 92826c839 21,137 323,154 SH   SOLE   323,154 0 0
Wal Mart Stores COM 931142103 11,052 134,377 SH   SOLE   134,377 0 0
Walt Disney Co. COM 254687106 22,761 216,999 SH   SOLE   216,999 0 0
Wells Fargo & Co. COM 949746101 23,285 428,051 SH   SOLE   428,051 0 0
Western Digital Corp. COM 958102105 1,855 20,392 SH   SOLE   20,392 0 0
DFA Core Equity 2 MMF 23320339p 651 36,551 SH   SOLE   36,551 0 0
DFA Emerg Mkt MMF 233203421 876 45,414 SH   SOLE   45,414 0 0
DFA Intl. Value Port. MMF 25434d203 393 21,410 SH   SOLE   21,410 0 0
DFA Inv. Dim. Micro MMF 23320350r 222 11,130 SH   SOLE   11,130 0 0
DFA Inv. Dimension Grp MMF 23320384p 876 27,116 SH   SOLE   27,116 0 0
DFA Inv. US Small Cap. MMF 23320381p 465 12,998 SH   SOLE   12,998 0 0
DFA Real Estate Sec. MMF 233203835 208 6,063 SH   SOLE   6,063 0 0
DFA US Core Equity 2 MMF 233203397 727 40,825 SH   SOLE   40,825 0 0
DFA intl Core Eq Fd MMF 233203371 1,573 129,327 SH   SOLE   129,327 0 0
Fidelity Advisor Real Estate MMF 316389477 172 14,480 SH   SOLE   14,480 0 0
Franklin Cust Fd Income Cl A MMF 353496300 167 70,208 SH   SOLE   70,208 0 0
Franklin Custodian Fds MMF 353496201 231 4,761 SH   SOLE   4,761 0 0
Franklin Rising Dvd Fd MMF 353825102 285 5,483 SH   SOLE   5,483 0 0
MFS Equity Opportunities Fd MMF 55275e473 204 6,992 SH   SOLE   6,992 0 0
MFS Intl. Value Fund MMF 55273e301 331 9,405 SH   SOLE   9,405 0 0
MFS Ser. Tr. Grw. Fd. MMF 552985103 234 3,321 SH   SOLE   3,321 0 0
Nuveen Santa Barbara Dvd MMF 67065w662 268 7,462 SH   SOLE   7,462 0 0
Nuveen Symphony Large Cap MMF 67065w449 267 7,922 SH   SOLE   7,922 0 0
Nuveen Symphony Mid-Cap Core F MMF 67065w571 430 11,433 SH   SOLE   11,433 0 0