0001278249-12-000006.txt : 20120801 0001278249-12-000006.hdr.sgml : 20120801 20120801094609 ACCESSION NUMBER: 0001278249-12-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120801 DATE AS OF CHANGE: 20120801 EFFECTIVENESS DATE: 20120801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWER BRIDGE ADVISORS CENTRAL INDEX KEY: 0001278249 IRS NUMBER: 233096014 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10708 FILM NUMBER: 12998698 BUSINESS ADDRESS: STREET 1: 200 BARR HARBOR DRIVE CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6102602200 MAIL ADDRESS: STREET 1: 4 TOWER BRIDGE 200 BARR HARBOR DRIVE STREET 2: STE 222 CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 sec13f06302012final.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entires. Institutional Investment Manager Filing this Report: Name: Tower Bridge Advisors Address: 200 Barr Harbor Drive Suite 222 West Conshohocken, PA 19428 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey Kachel Title: Chief Financial Officer Phone: 610-260-2205 Signature, Place, and Date of Signing: Jeffrey Kachel, West Conshohocken, PA August 1, 2012 Report Type (Check only one): [X] 13F HOLDING REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers 0 Form 13f Information Table Entry Total: 188 Form 13f Information Table Value Total: $549,849,535 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F

AS OF DATE: 06/30/12 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8) INVESTMENT VOTING AUTHORITY DISCRETION (SHARES) ----------------- --------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C) ---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------ 3M CO. COMMON 88579Y101 10,553,178 117,781 X X 94,161 0 23,620 A T & T INC (NEW) COMMON 00206R102 12,297,244 344,847 X X 272,250 0 72,597 ABBOTT LABS COMMON 002824100 3,995,270 61,971 X X 46,936 0 15,035 ACCENTURE PLC COMMON G1151C101 3,184,530 52,996 X X 24,570 0 28,426 AIR PRODS & CHEMS INC COMMON 009158106 3,539,607 43,845 X X 38,245 0 5,600 ALCOA INC COMMON 013817101 240,888 27,530 X X 19,280 0 8,250 ALLETE INC NEW COMMON 018522300 320,272 7,662 X X 7,562 0 100 ALTRIA GROUP INC COMMON 02209S103 774,266 22,410 X X 12,502 0 9,908 AMAZON COM INC COMMON 023135106 312,840 1,370 X 1,370 0 0 AMERICAN EXPRESS CO. COMMON 025816109 1,102,497 18,940 X X 10,690 0 8,250 AMGEN INC COMMON 031162100 1,390,248 19,068 X 15,700 0 3,368 ANADARKO PETROLEUM COMMON 032511107 704,368 10,640 X 7,705 0 2,935 APACHE CORP COMMON 037411105 628,414 7,150 X 5,515 0 1,635 APHTON CORP COMMON 03759P101 15 15,000 X 0 0 15,000 APPLE INC COMMON 037833100 9,365,608 16,037 X X 13,797 0 2,240 AQUA AMERICA INC COMMON 03836W103 759,757 30,439 X 24,760 0 5,679 AUTOMATIC DATA PROCES COMMON 053015103 4,545,093 81,658 X X 63,283 0 18,375 BANK OF AMERICA CORP COMMON 060505104 241,964 29,580 X X 27,848 0 1,732 BAXTER INTERNATIONAL COMMON 071813109 910,034 17,122 X 16,702 0 420 BB&T CORP COMMON 054937107 2,318,995 75,170 X 44,092 0 31,078 BECTON DICKINSON & CO COMMON 075887109 9,306,712 124,505 X X 85,700 0 38,805 BERKSHIRE HATHAWAY IN COMMON 084670702 1,795,012 21,541 X 20,641 0 900 BERKSHIRE HATHAWAY IN COMMON 084670108 749,670 6 X 6 0 0 BLACKROCK NATL MUN FD MUTUAL 09253C744 111,454 10,216 X 10,216 0 0 BOARDWALK PIPELINE PA COMMON 096627104 1,132,830 41,000 X X 23,850 0 17,150 BOEING CO. COMMON 097023105 373,060 5,021 X 4,661 0 360 BP PLC ADR COMMON 055622104 1,038,554 25,618 X 25,618 0 0 BRANDYWINE RLTY TRUST COMMON 105368203 178,930 14,500 X 14,500 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 1,291,252 35,918 X 35,918 0 0 BRYN MAWR BANK CORP COMMON 117665109 632,100 30,000 X 25,000 0 5,000 CAMPBELL SOUP CO COMMON 134429109 587,488 17,600 X 17,600 0 0 CATERPILLAR INC COMMON 149123101 2,281,956 26,875 X X 17,015 0 9,860 CENOVUS ENERGY INC CO COMMON 15135U109 4,246,318 133,532 X X 77,982 0 55,550 CHEVRON CORP COMMON 166764100 9,560,516 90,621 X X 73,651 0 16,970 CHUBB CORP COMMON 171232101 364,100 5,000 X X 2,300 0 2,700 CISCO SYSTEMS INC COMMON 17275R102 2,013,028 117,241 X X 97,894 0 19,347 COCA COLA CO. COMMON 191216100 2,174,933 27,816 X 25,504 0 2,312 COGNIZANT TECHNOLOGY COMMON 192446102 4,938,540 82,309 X X 64,598 0 17,711 COLGATE PALMOLIVE CO COMMON 194162103 5,416,019 52,027 X X 26,083 0 25,944 COMCAST CORP NEW A SP COMMON 20030N200 213,080 6,786 X 6,786 0 0 CONOCOPHILLIPS COMMON 20825C104 2,054,093 36,759 X 31,536 0 5,223 CONSOLIDATED EDISON I COMMON 209115104 638,940 10,274 X X 6,318 0 3,956 CORNING INC COMMON 219350105 528,165 40,848 X 40,848 0 0 COSTCO WHOLESALE COMMON 22160K105 681,815 7,177 X X 4,325 0 2,852 CVS CORP COMMON 126650100 9,096,135 194,653 X X 120,516 0 74,137 DANAHER CORP SHS BEN COMMON 235851102 4,572,624 87,800 X X 71,634 0 16,166 DEERE & CO. COMMON 244199105 210,262 2,600 X 2,600 0 0 DENTSPLY INTL INC NEW COMMON 249030107 1,657,628 43,841 X 11,806 0 32,035 DEVON ENERGY CORP NEW COMMON 25179M103 5,711,493 98,491 X X 77,816 0 20,675 DIAGEO PLC ADR SPONSO COMMON 25243Q205 10,884,295 105,601 X X 78,701 0 26,900 DIGITAL RLTY TR INC C COMMON 253868103 6,761,555 90,070 X X 54,470 0 35,600 DISCOVERY COMMUNICATI COMMON 25470F104 2,378,160 44,040 X X 31,215 0 12,825 DISNEY WALT COMPANY COMMON 254687106 1,366,682 28,179 X X 25,779 0 2,400 DODGE & COX INCOME FD MUTUAL 256210105 229,651 16,874 X 16,874 0 0 DOMINION RES INC VA N COMMON 25746U109 1,777,788 32,922 X X 28,222 0 4,700 DU PONT E I DE NEMOUR COMMON 263534109 8,316,590 164,457 X X 132,432 0 32,025 DUKE ENERGY CORP COMMON 26441C105 619,069 26,846 X X 24,150 0 2,696 E M C CORP MASS COMMON 268648102 6,906,311 269,462 X X 186,162 0 83,300 EATON VANCE NATL MUNS MUTUAL 27826L249 109,435 11,065 X 11,065 0 0 ECOLAB INC COMMON 278865100 492,045 7,180 X 7,180 0 0 EMERSON ELECTRIC CO COMMON 291011104 8,685,773 186,470 X X 142,911 0 43,559 ENSCO PLC SHS CLASS A COMMON G3157S106 267,729 5,700 X 5,700 0 0 ENTERPRISE PRODS PART COMMON 293792107 4,683,091 91,395 X X 38,711 0 52,684 EOG RESOURCES INC COMMON 26875P101 1,312,903 14,570 X 11,210 0 3,360 EQT CORP COM COMMON 26884L109 447,811 8,350 X 2,350 0 6,000 EXELON CORP COMMON 30161N101 239,037 6,354 X 1,550 0 4,804 EXXON MOBIL COMMON 30231G102 28,981,422 338,687 X X 262,655 0 76,032 FEDEX CORP COMMON 31428X106 5,819,342 63,523 X X 43,658 0 19,865 FLUOR CORP NEW COM COMMON 343412102 2,024,174 41,025 X X 17,075 0 23,950 FRANKLIN RESOURCES IN COMMON 354613101 704,010 6,343 X 4,008 0 2,335 FULTON FINL CORP PA COMMON 360271100 240,759 24,100 X 24,100 0 0 GENERAL ELECTRIC CO COMMON 369604103 11,828,117 567,568 X X 449,096 0 118,472 GENERAL MILLS INC COMMON 370334104 1,314,214 34,100 X 29,200 0 4,900 GENESEE & WYO INC CL COMMON 371559105 316,934 5,998 X 0 0 5,998 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,488,590 32,666 X X 27,160 0 5,506 GOLDMAN SACHS GROUP I COMMON 38141G104 941,345 9,820 X X 6,750 0 3,070 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,362,137 188,355 X X 153,180 0 35,175 GOLDMAN SACHS GROUP I PREFERR 38144G804 682,461 37,050 X 14,550 0 22,500 GOOGLE INC CL A COMMON 38259P508 10,780,021 18,584 X X 13,947 0 4,637 GRAINGER W W INC COMMON 384802104 1,191,425 6,230 X 5,800 0 430 HALLIBURTON CO. COMMON 406216101 640,195 22,550 X X 19,250 0 3,300 HCP INC COMMON 40414L109 356,467 8,074 X X 3,088 0 4,986 HEINZ H J CO. COMMON 423074103 622,651 11,450 X X 8,050 0 3,400 HERSHEY FOODS CORP COMMON 427866108 834,468 11,585 X 5,185 0 6,400 HESS CORP COM COMMON 42809H107 678,472 15,615 X X 11,045 0 4,570 HEWLETT PACKARD CO. COMMON 428236103 473,771 23,559 X 22,969 0 590 HOME DEPOT INC COMMON 437076102 1,399,572 26,412 X X 23,462 0 2,950 HONEYWELL INTL INC COMMON 438516106 217,329 3,892 X 2,392 0 1,500 HUDSON CITY BANCORP C COMMON 443683107 791,536 124,260 X 123,735 0 525 ILLINOIS TOOL WORKS I COMMON 452308109 2,185,309 41,318 X X 33,501 0 7,817 INT'L BUSINESS MACHIN COMMON 459200101 15,054,575 76,974 X X 54,723 0 22,251 INTEL CORP COMMON 458140100 2,535,561 95,143 X X 76,363 0 18,780 INTERCONTINENTAL EXCH COMMON 45865V100 6,425,871 47,256 X X 36,986 0 10,270 ISHARES TR S&P MIDCAP MUTUAL 464287507 226,385 2,404 X 2,404 0 0 J P MORGAN CHASE & CO COMMON 46625H100 7,546,033 211,196 X X 168,773 0 42,423 JOHNSON CONTROLS INC COMMON 478366107 7,156,579 258,267 X X 194,917 0 63,350 JOHNSON & JOHNSON COMMON 478160104 13,938,464 206,312 X X 170,361 0 35,951 JPMORGAN CHASE & CO PREFERR 46625H621 1,787,867 65,900 X 38,200 0 27,700 KBR INC COM COMMON 48242W106 1,079,580 43,690 X 19,820 0 23,870 KELLOGG CO. COMMON 487836108 2,248,511 45,581 X X 18,455 0 27,126 KEYCORP NEW COMMON 493267108 6,594,317 851,979 X X 605,254 0 246,725 KIMBERLY CLARK CORP COMMON 494368103 2,355,194 28,115 X 28,115 0 0 KINDER MORGAN EGY PTN COMMON 494550106 4,145,645 52,757 X X 27,124 0 25,633 KRAFT FOODS INC CL A COMMON 50075N104 673,284 17,434 X X 14,288 0 3,146 LOWE'S COS INC COMMON 548661107 1,835,091 64,525 X X 53,525 0 11,000 L-3 COMMUNICATIONS HO COMMON 502424104 488,466 6,600 X X 2,800 0 3,800 MAGELLAN MIDSTREAM PA COMMON 559080106 459,160 6,500 X 3,900 0 2,600 MAIRS & PWR FDS TR CO MUTUAL 56064V205 293,263 3,744 X 3,744 0 0 MCDONALD'S CORP COMMON 580135101 8,169,814 92,283 X X 70,473 0 21,810 MEDTRONIC INC COMMON 585055106 756,203 19,525 X 18,225 0 1,300 MERCK & COMPANY COMMON 58933Y105 2,538,150 60,794 X X 47,271 0 13,523 METLIFE INC PFD A FLT PREFERR 59156R504 3,713,861 150,055 X X 96,655 0 53,400 MICROSOFT CORP COMMON 594918104 5,671,204 185,394 X X 131,003 0 54,391 NATIONAL OILWELL VARC COMMON 637071101 273,870 4,250 X 4,250 0 0 NESTLE S A REG ADR COMMON 641069406 399,362 6,685 X 6,685 0 0 NETAPP INC COM COMMON 64110D104 2,261,766 71,080 X X 51,940 0 19,140 NEUBERGER BERMAN INCO MUTUAL 64128K868 208,382 22,650 X 22,650 0 0 NEXTERA ENERGY INC CO COMMON 65339F101 1,278,490 18,580 X 17,230 0 1,350 NIKE INC CL B COMMON 654106103 5,428,666 61,844 X X 46,914 0 14,930 NOBLE CORPORATION COMMON H5833N103 3,455,955 106,239 X 90,034 0 16,205 NOBLE ENERGY COMMON 655044105 1,198,083 14,125 X X 8,150 0 5,975 NORFOLK SOUTHERN CORP COMMON 655844108 2,203,770 30,706 X X 26,156 0 4,550 NOVARTIS AG SPONSORED COMMON 66987V109 8,954,453 160,187 X X 113,922 0 46,265 OMNICOM GROUP COMMON 681919106 337,284 6,940 X 5,090 0 1,850 ONEOK INC NEW COM COMMON 682680103 291,939 6,900 X 2,000 0 4,900 ORACLE SYS CORP COMMON 68389X105 1,871,100 63,000 X X 51,250 0 11,750 PENTAIR INC COMMON 709631105 221,067 5,775 X 2,375 0 3,400 PEPSICO INC COMMON 713448108 11,948,818 169,103 X X 121,808 0 47,295 PFIZER INC COMMON 717081103 5,227,624 227,288 X X 204,040 0 23,248 PHILIP MORRIS INTL IN COMMON 718172109 3,358,616 38,490 X X 30,689 0 7,801 PHILLIPS 66 COM COMMON 718546104 631,892 19,010 X 15,649 0 3,361 PIEDMONT NAT GAS INC COMMON 720186105 498,945 15,500 X 8,000 0 7,500 PIMCO FDS PAC INVT MG MUTUAL 722005626 187,582 15,645 X 15,645 0 0 PIMCO FDS PAC INVT MG MUTUAL 693390304 561,883 53,615 X 53,615 0 0 PIMCO TOTAL RET FDS MUTUAL 693390429 157,855 13,970 X 13,970 0 0 PIONEER NATURAL RES C COMMON 723787107 201,648 2,286 X 1,000 0 1,286 PLUM CREEK TIMBER CO. COMMON 729251108 305,253 7,689 X 6,989 0 700 PNC FINANCIAL CORP COMMON 693475105 480,141 7,857 X 6,005 0 1,852 PPG INDUSTRIES INC COMMON 693506107 1,523,565 14,357 X X 13,720 0 637 PPL CORP COMMON 69351T106 407,583 14,656 X 10,806 0 3,850 PRAXAIR INC COMMON 74005P104 6,082,030 55,937 X X 45,262 0 10,675 PROCTER & GAMBLE CO COMMON 742718109 8,055,478 131,518 X X 114,229 0 17,289 PROGRESS ENERGY INC C COMMON 743263105 267,576 4,447 X X 3,247 0 1,200 QNB CORP COMMON 74726N107 480,002 19,394 X 18,424 0 970 QUALCOMM INC COMMON 747525103 10,979,149 197,183 X X 131,833 0 65,350 RANGE RES CORP COM COMMON 75281A109 1,770,534 28,617 X 12,229 0 16,388 RAYMOND JAMES FINANCI COMMON 754730109 2,414,776 70,525 X X 32,275 0 38,250 RAYONIER INC COM COMMON 754907103 276,135 6,150 X 6,150 0 0 RIDGEWORTH FDS INTERM MUTUAL 76628T702 1,704,834 161,443 X 161,443 0 0 RIDGEWORTH FDS INV GR MUTUAL 76628T843 1,220,250 96,615 X 96,615 0 0 RIDGEWORTH FDS SEIX F MUTUAL 76628T678 678,885 77,322 X 77,322 0 0 RIVERBED TECHNOLOGY I COMMON 768573107 1,851,549 114,647 X X 70,897 0 43,750 ROCHE HLDG LTD ADR COMMON 771195104 5,204,120 120,410 X 89,515 0 30,895 ROYAL DUTCH SHELL PLC COMMON 780259206 1,088,995 16,150 X X 14,650 0 1,500 SCHLUMBERGER LTD COMMON 806857108 11,183,214 172,288 X X 128,108 0 44,180 SIMON PPTY GROUP INC COMMON 828806109 358,018 2,300 X 2,300 0 0 SPECTRA ENERGY CORP COMMON 847560109 4,655,499 160,203 X X 69,955 0 90,248 STARWOOD HOTELS & RES COMMON 85590A401 499,902 9,425 X 7,275 0 2,150 STATE STREET CORP COMMON 857477103 10,037,170 224,847 X X 159,327 0 65,520 SYSCO CORP COMMON 871829107 619,899 20,795 X 17,295 0 3,500 T ROWE PRICE GROUP IN COMMON 74144T108 6,461,774 102,633 X X 71,393 0 31,240 TELEFONICA S A ADR COMMON 879382208 195,871 14,952 X X 1,200 0 13,752 TEVA PHARMACEUTICAL COMMON 881624209 8,197,841 207,856 X X 139,814 0 68,042 TEXAS INSTRUMENTS INC COMMON 882508104 753,342 26,258 X 26,258 0 0 THERMO FISHER SCIENTI COMMON 883556102 1,077,340 20,754 X 20,754 0 0 TRACTOR SUPPLY CO COMMON 892356106 367,541 4,425 X 625 0 3,800 UNILEVER N V COMMON 904784709 331,599 9,943 X 4,000 0 5,943 UNILEVER PLC SPON ADR COMMON 904767704 9,007,731 267,054 X X 185,964 0 81,090 UNION PACIFIC CORP COMMON 907818108 884,564 7,414 X X 2,050 0 5,364 UNITED PARCEL SVC INC COMMON 911312106 203,831 2,588 X 2,588 0 0 UNITED TECHNOLOGIES C COMMON 913017109 6,890,451 91,228 X X 74,218 0 17,010 UNIVEST CORP PA COMMON 915271100 430,689 26,055 X 26,055 0 0 VANGUARD FIXED INCOME MUTUAL 922031760 203,766 34,713 X 34,713 0 0 VANGUARD INDEX FDS LA MUTUAL 922908637 695,520 11,200 X 11,200 0 0 VANGUARD INDEX FDS SM MUTUAL 922908751 574,710 7,558 X 7,558 0 0 VANGUARD INDEX TR MID MUTUAL 922908629 1,041,044 13,485 X 12,385 0 1,100 VANGUARD SHORT-TERM T MUTUAL 922907100 251,947 15,826 X 15,826 0 0 VERIZON COMMUNICATION COMMON 92343V104 2,367,764 53,280 X X 45,644 0 7,636 VERTEX PHARMACEUTICAL COMMON 92532F100 257,232 4,600 X 4,600 0 0 VISA INC COM CL A COMMON 92826C839 12,254,206 99,120 X X 63,550 0 35,570 VIST FINANCIAL CORP COMMON 918255100 550,172 47,347 X 47,347 0 0 VODAFONE GROUP PLC AD COMMON 92857W209 343,881 12,203 X 10,903 0 1,300 WAL MART STORES INC COMMON 931142103 542,073 7,775 X 7,775 0 0 WELLS FARGO & CO NEW COMMON 949746101 1,128,399 33,744 X X 21,244 0 12,500 WHIRLPOOL CORP COMMON 963320106 7,047,161 115,225 X X 86,960 0 28,265 WILLIS GROUP HOLDINGS COMMON G96666105 1,886,533 51,700 X X 23,300 0 28,400 XILINX INC COM COMMON 983919101 218,205 6,500 X 6,500 0 0 YUM BRANDS INC COMMON 988498101 2,593,227 40,255 X X 20,275 0 19,980

TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 06/30/12 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) INVESTMENT DISCRETION --------------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) ---------------------- ------ ---------- -------------- ------------ ---------- ---------- ---------- 3M CO. COMMON 88579Y101 10,553,178 117,781 114,781 3,000 A T & T INC (NEW) COMMON 00206R102 12,297,244 344,847 338,135 6,712 ABBOTT LABS COMMON 002824100 3,995,270 61,971 48,791 13,180 ACCENTURE PLC COMMON G1151C101 3,184,530 52,996 47,796 5,200 AIR PRODS & CHEMS INC COMMON 009158106 3,539,607 43,845 42,645 1,200 ALCOA INC COMMON 013817101 240,888 27,530 19,530 8,000 ALLETE INC NEW COMMON 018522300 320,272 7,662 7,562 100 ALTRIA GROUP INC COMMON 02209S103 774,266 22,410 14,252 8,158 AMAZON COM INC COMMON 023135106 312,840 1,370 1,370 AMERICAN EXPRESS CO. COMMON 025816109 1,102,497 18,940 18,640 300 AMGEN INC COMMON 031162100 1,390,248 19,068 19,068 ANADARKO PETROLEUM COMMON 032511107 704,368 10,640 10,640 APACHE CORP COMMON 037411105 628,414 7,150 7,150 APHTON CORP COMMON 03759P101 15 15,000 15,000 APPLE INC COMMON 037833100 9,365,608 16,037 15,837 200 AQUA AMERICA INC COMMON 03836W103 759,757 30,439 30,439 AUTOMATIC DATA PROCES COMMON 053015103 4,545,093 81,658 75,858 5,800 BANK OF AMERICA CORP COMMON 060505104 241,964 29,580 28,350 1,230 BAXTER INTERNATIONAL COMMON 071813109 910,034 17,122 17,122 BB&T CORP COMMON 054937107 2,318,995 75,170 75,170 BECTON DICKINSON & CO COMMON 075887109 9,306,712 124,505 121,005 3,500 BERKSHIRE HATHAWAY IN COMMON 084670702 1,795,012 21,541 21,541 BERKSHIRE HATHAWAY IN COMMON 084670108 749,670 6 6 BLACKROCK NATL MUN FD MUTUAL 09253C744 111,454 10,216 10,216 BOARDWALK PIPELINE PA COMMON 096627104 1,132,830 41,000 39,450 1,550 BOEING CO. COMMON 097023105 373,060 5,021 5,021 BP PLC ADR COMMON 055622104 1,038,554 25,618 25,618 BRANDYWINE RLTY TRUST COMMON 105368203 178,930 14,500 14,500 BRISTOL MYERS SQUIBB COMMON 110122108 1,291,252 35,918 35,918 BRYN MAWR BANK CORP COMMON 117665109 632,100 30,000 30,000 CAMPBELL SOUP CO COMMON 134429109 587,488 17,600 17,600 CATERPILLAR INC COMMON 149123101 2,281,956 26,875 23,475 3,400 CENOVUS ENERGY INC CO COMMON 15135U109 4,246,318 133,532 132,832 700 CHEVRON CORP COMMON 166764100 9,560,516 90,621 82,816 7,805 CHUBB CORP COMMON 171232101 364,100 5,000 2,940 2,060 CISCO SYSTEMS INC COMMON 17275R102 2,013,028 117,241 115,641 1,600 COCA COLA CO. COMMON 191216100 2,174,933 27,816 27,816 COGNIZANT TECHNOLOGY COMMON 192446102 4,938,540 82,309 81,433 876 COLGATE PALMOLIVE CO COMMON 194162103 5,416,019 52,027 50,077 1,950 COMCAST CORP NEW A SP COMMON 20030N200 213,080 6,786 6,786 CONOCOPHILLIPS COMMON 20825C104 2,054,093 36,759 36,759 CONSOLIDATED EDISON I COMMON 209115104 638,940 10,274 7,968 2,306 CORNING INC COMMON 219350105 528,165 40,848 40,848 COSTCO WHOLESALE COMMON 22160K105 681,815 7,177 5,975 1,202 CVS CORP COMMON 126650100 9,096,135 194,653 186,176 8,477 DANAHER CORP SHS BEN COMMON 235851102 4,572,624 87,800 84,800 3,000 DEERE & CO. COMMON 244199105 210,262 2,600 2,600 DENTSPLY INTL INC NEW COMMON 249030107 1,657,628 43,841 43,841 DEVON ENERGY CORP NEW COMMON 25179M103 5,711,493 98,491 97,091 1,400 DIAGEO PLC ADR SPONSO COMMON 25243Q205 10,884,295 105,601 102,101 3,500 DIGITAL RLTY TR INC C COMMON 253868103 6,761,555 90,070 86,570 3,500 DISCOVERY COMMUNICATI COMMON 25470F104 2,378,160 44,040 42,440 1,600 DISNEY WALT COMPANY COMMON 254687106 1,366,682 28,179 26,579 1,600 DODGE & COX INCOME FD MUTUAL 256210105 229,651 16,874 16,874 DOMINION RES INC VA N COMMON 25746U109 1,777,788 32,922 28,222 4,700 DU PONT E I DE NEMOUR COMMON 263534109 8,316,590 164,457 157,857 6,600 DUKE ENERGY CORP COMMON 26441C105 619,069 26,846 24,150 2,696 E M C CORP MASS COMMON 268648102 6,906,311 269,462 254,362 15,100 EATON VANCE NATL MUNS MUTUAL 27826L249 109,435 11,065 11,065 ECOLAB INC COMMON 278865100 492,045 7,180 7,180 EMERSON ELECTRIC CO COMMON 291011104 8,685,773 186,470 179,070 7,400 ENSCO PLC SHS CLASS A COMMON G3157S106 267,729 5,700 5,700 ENTERPRISE PRODS PART COMMON 293792107 4,683,091 91,395 88,995 2,400 EOG RESOURCES INC COMMON 26875P101 1,312,903 14,570 14,570 EQT CORP COM COMMON 26884L109 447,811 8,350 8,350 EXELON CORP COMMON 30161N101 239,037 6,354 6,354 EXXON MOBIL COMMON 30231G102 28,981,422 338,687 329,328 9,359 FEDEX CORP COMMON 31428X106 5,819,342 63,523 62,523 1,000 FLUOR CORP NEW COM COMMON 343412102 2,024,174 41,025 39,425 1,600 FRANKLIN RESOURCES IN COMMON 354613101 704,010 6,343 6,343 FULTON FINL CORP PA COMMON 360271100 240,759 24,100 24,100 GENERAL ELECTRIC CO COMMON 369604103 11,828,117 567,568 541,721 25,847 GENERAL MILLS INC COMMON 370334104 1,314,214 34,100 34,100 GENESEE & WYO INC CL COMMON 371559105 316,934 5,998 5,998 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,488,590 32,666 31,266 1,400 GOLDMAN SACHS GROUP I COMMON 38141G104 941,345 9,820 9,695 125 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,362,137 188,355 187,455 900 GOLDMAN SACHS GROUP I PREFERR 38144G804 682,461 37,050 37,050 GOOGLE INC CL A COMMON 38259P508 10,780,021 18,584 18,134 450 GRAINGER W W INC COMMON 384802104 1,191,425 6,230 6,230 HALLIBURTON CO. COMMON 406216101 640,195 22,550 19,450 3,100 HCP INC COMMON 40414L109 356,467 8,074 6,474 1,600 HEINZ H J CO. COMMON 423074103 622,651 11,450 10,450 1,000 HERSHEY FOODS CORP COMMON 427866108 834,468 11,585 11,585 HESS CORP COM COMMON 42809H107 678,472 15,615 14,615 1,000 HEWLETT PACKARD CO. COMMON 428236103 473,771 23,559 23,559 HOME DEPOT INC COMMON 437076102 1,399,572 26,412 24,212 2,200 HONEYWELL INTL INC COMMON 438516106 217,329 3,892 3,892 HUDSON CITY BANCORP C COMMON 443683107 791,536 124,260 124,260 ILLINOIS TOOL WORKS I COMMON 452308109 2,185,309 41,318 39,518 1,800 INT'L BUSINESS MACHIN COMMON 459200101 15,054,575 76,974 72,374 4,600 INTEL CORP COMMON 458140100 2,535,561 95,143 80,563 14,580 INTERCONTINENTAL EXCH COMMON 45865V100 6,425,871 47,256 47,106 150 ISHARES TR S&P MIDCAP MUTUAL 464287507 226,385 2,404 2,404 J P MORGAN CHASE & CO COMMON 46625H100 7,546,033 211,196 199,966 11,230 JOHNSON CONTROLS INC COMMON 478366107 7,156,579 258,267 254,067 4,200 JOHNSON & JOHNSON COMMON 478160104 13,938,464 206,312 195,102 11,210 JPMORGAN CHASE & CO PREFERR 46625H621 1,787,867 65,900 65,900 KBR INC COM COMMON 48242W106 1,079,580 43,690 43,690 KELLOGG CO. COMMON 487836108 2,248,511 45,581 43,581 2,000 KEYCORP NEW COMMON 493267108 6,594,317 851,979 842,879 9,100 KIMBERLY CLARK CORP COMMON 494368103 2,355,194 28,115 28,115 KINDER MORGAN EGY PTN COMMON 494550106 4,145,645 52,757 48,739 4,018 KRAFT FOODS INC CL A COMMON 50075N104 673,284 17,434 15,981 1,453 LOWE'S COS INC COMMON 548661107 1,835,091 64,525 58,025 6,500 L-3 COMMUNICATIONS HO COMMON 502424104 488,466 6,600 6,250 350 MAGELLAN MIDSTREAM PA COMMON 559080106 459,160 6,500 6,500 MAIRS & PWR FDS TR CO MUTUAL 56064V205 293,263 3,744 3,744 MCDONALD'S CORP COMMON 580135101 8,169,814 92,283 91,483 800 MEDTRONIC INC COMMON 585055106 756,203 19,525 19,525 MERCK & COMPANY COMMON 58933Y105 2,538,150 60,794 53,044 7,750 METLIFE INC PFD A FLT PREFERR 59156R504 3,713,861 150,055 147,955 2,100 MICROSOFT CORP COMMON 594918104 5,671,204 185,394 180,394 5,000 NATIONAL OILWELL VARC COMMON 637071101 273,870 4,250 4,250 NESTLE S A REG ADR COMMON 641069406 399,362 6,685 6,685 NETAPP INC COM COMMON 64110D104 2,261,766 71,080 69,080 2,000 NEUBERGER BERMAN INCO MUTUAL 64128K868 208,382 22,650 22,650 NEXTERA ENERGY INC CO COMMON 65339F101 1,278,490 18,580 18,580 NIKE INC CL B COMMON 654106103 5,428,666 61,844 60,544 1,300 NOBLE CORPORATION COMMON H5833N103 3,455,955 106,239 106,239 NOBLE ENERGY COMMON 655044105 1,198,083 14,125 13,325 800 NORFOLK SOUTHERN CORP COMMON 655844108 2,203,770 30,706 29,356 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 8,954,453 160,187 158,187 2,000 OMNICOM GROUP COMMON 681919106 337,284 6,940 6,940 ONEOK INC NEW COM COMMON 682680103 291,939 6,900 6,900 ORACLE SYS CORP COMMON 68389X105 1,871,100 63,000 52,300 10,700 PENTAIR INC COMMON 709631105 221,067 5,775 5,775 PEPSICO INC COMMON 713448108 11,948,818 169,103 158,103 11,000 PFIZER INC COMMON 717081103 5,227,624 227,288 210,748 16,540 PHILIP MORRIS INTL IN COMMON 718172109 3,358,616 38,490 32,439 6,051 PHILLIPS 66 COM COMMON 718546104 631,892 19,010 19,010 PIEDMONT NAT GAS INC COMMON 720186105 498,945 15,500 15,500 PIMCO FDS PAC INVT MG MUTUAL 722005626 187,582 15,645 15,645 PIMCO FDS PAC INVT MG MUTUAL 693390304 561,883 53,615 53,615 PIMCO TOTAL RET FDS MUTUAL 693390429 157,855 13,970 13,970 PIONEER NATURAL RES C COMMON 723787107 201,648 2,286 2,286 PLUM CREEK TIMBER CO. COMMON 729251108 305,253 7,689 7,689 PNC FINANCIAL CORP COMMON 693475105 480,141 7,857 7,857 PPG INDUSTRIES INC COMMON 693506107 1,523,565 14,357 13,720 637 PPL CORP COMMON 69351T106 407,583 14,656 14,656 PRAXAIR INC COMMON 74005P104 6,082,030 55,937 55,037 900 PROCTER & GAMBLE CO COMMON 742718109 8,055,478 131,518 123,136 8,382 PROGRESS ENERGY INC C COMMON 743263105 267,576 4,447 3,247 1,200 QNB CORP COMMON 74726N107 480,002 19,394 19,394 QUALCOMM INC COMMON 747525103 10,979,149 197,183 190,983 6,200 RANGE RES CORP COM COMMON 75281A109 1,770,534 28,617 28,617 RAYMOND JAMES FINANCI COMMON 754730109 2,414,776 70,525 69,125 1,400 RAYONIER INC COM COMMON 754907103 276,135 6,150 6,150 RIDGEWORTH FDS INTERM MUTUAL 76628T702 1,704,834 161,443 161,443 RIDGEWORTH FDS INV GR MUTUAL 76628T843 1,220,250 96,615 96,615 RIDGEWORTH FDS SEIX F MUTUAL 76628T678 678,885 77,322 77,322 RIVERBED TECHNOLOGY I COMMON 768573107 1,851,549 114,647 110,447 4,200 ROCHE HLDG LTD ADR COMMON 771195104 5,204,120 120,410 120,410 ROYAL DUTCH SHELL PLC COMMON 780259206 1,088,995 16,150 14,950 1,200 SCHLUMBERGER LTD COMMON 806857108 11,183,214 172,288 167,288 5,000 SIMON PPTY GROUP INC COMMON 828806109 358,018 2,300 2,300 SPECTRA ENERGY CORP COMMON 847560109 4,655,499 160,203 154,455 5,748 STARWOOD HOTELS & RES COMMON 85590A401 499,902 9,425 9,425 STATE STREET CORP COMMON 857477103 10,037,170 224,847 216,447 8,400 SYSCO CORP COMMON 871829107 619,899 20,795 20,795 T ROWE PRICE GROUP IN COMMON 74144T108 6,461,774 102,633 100,633 2,000 TELEFONICA S A ADR COMMON 879382208 195,871 14,952 5,091 9,861 TEVA PHARMACEUTICAL COMMON 881624209 8,197,841 207,856 200,114 7,742 TEXAS INSTRUMENTS INC COMMON 882508104 753,342 26,258 26,258 THERMO FISHER SCIENTI COMMON 883556102 1,077,340 20,754 20,754 TRACTOR SUPPLY CO COMMON 892356106 367,541 4,425 4,425 UNILEVER N V COMMON 904784709 331,599 9,943 9,943 UNILEVER PLC SPON ADR COMMON 904767704 9,007,731 267,054 259,904 7,150 UNION PACIFIC CORP COMMON 907818108 884,564 7,414 4,326 3,088 UNITED PARCEL SVC INC COMMON 911312106 203,831 2,588 2,588 UNITED TECHNOLOGIES C COMMON 913017109 6,890,451 91,228 86,228 5,000 UNIVEST CORP PA COMMON 915271100 430,689 26,055 26,055 VANGUARD FIXED INCOME MUTUAL 922031760 203,766 34,713 34,713 VANGUARD INDEX FDS LA MUTUAL 922908637 695,520 11,200 11,200 VANGUARD INDEX FDS SM MUTUAL 922908751 574,710 7,558 7,558 VANGUARD INDEX TR MID MUTUAL 922908629 1,041,044 13,485 13,485 VANGUARD SHORT-TERM T MUTUAL 922907100 251,947 15,826 15,826 VERIZON COMMUNICATION COMMON 92343V104 2,367,764 53,280 49,583 3,697 VERTEX PHARMACEUTICAL COMMON 92532F100 257,232 4,600 4,600 VISA INC COM CL A COMMON 92826C839 12,254,206 99,120 94,920 4,200 VIST FINANCIAL CORP COMMON 918255100 550,172 47,347 47,347 VODAFONE GROUP PLC AD COMMON 92857W209 343,881 12,203 12,203 WAL MART STORES INC COMMON 931142103 542,073 7,775 7,775 WELLS FARGO & CO NEW COMMON 949746101 1,128,399 33,744 21,244 12,500 WHIRLPOOL CORP COMMON 963320106 7,047,161 115,225 112,525 2,700 WILLIS GROUP HOLDINGS COMMON G96666105 1,886,533 51,700 49,600 2,100 XILINX INC COM COMMON 983919101 218,205 6,500 6,500 YUM BRANDS INC COMMON 988498101 2,593,227 40,255 36,375 3,880