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
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,346 43,775 SH   SOLE   35,500 0 8,275
CORE LABORATORIES N V COM N22717107 1,184 10,250 SH   SOLE   10,100 0 150
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,641 18,000 SH   SOLE   18,000 0 0
SCHLUMBERGER LTD COM 806857108 1,972 25,247 SH   SOLE   18,797 0 6,450
3M CO COM 88579y101 287 1,500 SH   SOLE   0 0 1,500
ABBOTT LABS COM 002824100 817 18,405 SH   SOLE   0 0 18,405
ABBVIE INC COM 00287y109 1,205 18,500 SH   SOLE   0 0 18,500
ALLERGAN PLC SHS g0177j108 495 2,072 SH   SOLE   0 0 2,072
ALPHABET INC CAP STK CL C 02079k107 1,474 1,782 SH   SOLE   0 0 1,782
AMAZON COM INC COM 023135106 1,672 1,911 SH   SOLE   0 0 1,911
AMERICAN WTR WKS CO INC NEW COM 030420103 1,714 22,042 SH   SOLE   0 0 22,042
AMERICAN WTR WKS CO INC NEW COM 030420103 377 4,852 SH   DFND   0 4,852 0
ANADARKO PETE CORP COM 032511107 1,556 25,100 SH   SOLE   24,800 0 300
APPLE INC COM 037833100 2,611 18,176 SH   SOLE   0 0 18,176
AQUA AMERICA INC COM 03836W103 206 6,390 SH   SOLE   5,500 0 890
AQUA AMERICA INC COM 03836W103 145 4,500 SH   DFND   0 4,500 0
ASB BANCORP INC N C COM 00213T109 1,217 35,792 SH   DFND   0 35,792 0
ATLANTIC CAP BANCSHARES INC COM 048269203 622 32,831 SH   DFND   0 32,831 0
ATLANTIC COAST FINL CORP COM 048426100 1,203 157,854 SH   DFND   0 157,854 0
AMERIS BANCORP COM 03076k108 353 7,650 SH   DFND   0 7,650 0
BANCORP 34 INC COM 05970V106 429 33,664 SH   DFND   0 33,664 0
BANCORP 34 INC COM 05970V106 5 385 SH   SOLE   0 0 0
BNC BANCORP COM 05566t101 1,110 31,681 SH   SOLE   0 0 31,681
BNC BANCORP COM 05566t101 736 21,000 SH   DFND   0 21,000 0
BNC BANCORP COM 05566t101 39 1,110 SH   SOLE   0 0 1,110
BOEING CO COM 097023105 1,843 10,419 SH   SOLE   0 0 0
BOSTON PRIVATE FINL HLDGS IN COM 101119105 367 22,391 SH   DFND   0 22,391 0
BOSTON PRIVATE FINL HLDGS IN COM 101119105 4 260 SH   SOLE   0 0 260
BSB BANCORP INC MD COM 05573H108 609 21,559 SH   DFND   0 21,559 0
BSB BANCORP INC MD COM 05573H108 7 245 SH   SOLE   0 0 245
CABOT OIL & GAS CORP COM 127097103 1,399 58,500 SH   SOLE   54,000 0 4,500
CALPINE CORP COM NEW 131347304 630 57,000 SH   SOLE   0 0 57,000
CAROLINA ALLIANCE BANK COM 14376r107 831 67,132 SH   DFND   0 67,132 0
CAROLINA FINL CORP NEW COM 143873107 239 7,965 SH   DFND   0 7,965 0
CAROLINA FINL CORP NEW COM 143873107 3 90 SH   SOLE   0 0 90
CARTER BK & TR MARTINSVILLE VA COM 146102108 25 1,480 SH   SOLE   0 0 1,480
CARTER BK & TR MARTINSVILLE VA COM 146102108 1,445 85,497 SH   DFND   0 85,497 0
CENTERSTATE BANKS INC COM 15201p109 362 13,980 SH   DFND   0 13,980 0
CENTERSTATE BANKS INC COM 15201p109 4 155 SH   SOLE   0 0 155
CHEESECAKE FACTORY INC COM 163072101 321 5,062 SH   SOLE   0 0 5,062
CHENIERE ENERGY INC COM NEW 16411R208 3,178 67,225 SH   SOLE   55,200 0 12,025
CHINACACHE INTL HLDG LTD SPON ADR 16950m107 180 115,083 SH   SOLE   0 0 115,083
CIVISTA BANCSHARES INC COM NO PAR 178867107 473 21,350 SH   DFND   0 21,350 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 5 240 SH   SOLE   0 0 240
COCA COLA CO COM 191216100 357 8,410 SH   SOLE   45 0 8,365
COLGATE PALMOLIVE CO COM 194162103 2,622 35,820 SH   SOLE   0 0 35,820
CONNECTICUT WTR SVC INC COM 207797101 180 3,390 SH   SOLE   3,000 0 390
CONNECTICUT WTR SVC INC COM 207797101 130 2,455 SH   DFND   0 2,455 0
CONSOLIDATED WATER CO INC ORD g23773107 134 11,500 SH   SOLE   11,500 0 0
CUMMINS INC COM 231021106 663 4,385 SH   SOLE   1,010 0 3,375
CVS HEALTH CORP COM 126650100 1,231 15,685 SH   SOLE   0 0 15,685
CASCADE BANCORP COM NEW 147154207 297 38,448 SH   DFND   0 37,993 455
DOMINION RES INC VA NEW COM 25746u109 1,543 19,895 SH   SOLE   0 0 19,895
DOW CHEM CO COM 260543103 3,802 59,825 SH   SOLE   28,595 0 31,230
ENBRIDGE INC COM 29250n105 529 12,654 SH   SOLE   0 0 12,654
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336t100 396 20,400 SH   SOLE   0 0 20,400
EQT CORP COM 26884L109 1,396 22,850 SH   SOLE   22,000 0 850
EQUITY BANCSHARES INC COM CL A 29460X109 586 18,430 SH   DFND   0 18,430 0
EVERSOURCE ENERGY COM 30040w108 285 4,850 SH   SOLE   0 0 4,850
FNB CORP PA COM 302520101 405 27,230 SH   SOLE   248 0 26,982
FANG HLDGS LTD ADR 30711y102 33 10,000 SH   SOLE   0 0 10,000
FB FINL CORP COM 30257X104 1,391 39,325 SH   DFND   0 39,325 0
FB FINL CORP COM 30257X104 18 495 SH   SOLE   0 0 495
FIRST CMNTY CORP S C COM 319835104 1,219 55,425 SH   DFND   0 55,425 0
FIRST FNDTN INC COM 32026V104 574 36,986 SH   DFND   0 36,986 0
FSB BANCORP INC COM 30289C102 247 17,335 SH   DFND   0 17,335 0
GENERAL ELECTRIC CO COM 369604103 2,127 71,380 SH   SOLE   24,630 0 46,750
GLOBAL WTR RES INC COM 379463102 100 11,456 SH   DFND   0 11,456 0
GLOBAL WTR RES INC COM 379463102 36 4,169 SH   SOLE   0 0 4,169
GUARANTY BANCORP DEL COM NEW 40075t607 8 345 SH   SOLE   0 0 345
GUARANTY BANCORP DEL COM NEW 40075t607 539 22,115 SH   DFND   0 22,115 0
HALLIBURTON CO COM 406216101 3,054 62,052 SH   SOLE   49,000 0 13,052
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 984 126,690 SH   SOLE   125,000 0 1,690
HEXCEL CORP NEW COM 428291108 5,679 104,096 SH   SOLE   55,225 0 48,871
HOME DEPOT INC COM 437076102 2,494 16,987 SH   SOLE   0 0 16,987
HONEYWELL INTL INC COM 438516106 2,482 19,880 SH   SOLE   4,840 0 15,040
HOWARD BANCORP INC COM 442496105 373 19,930 SH   DFND   0 19,930 0
INTERNATIONAL BUSINESS MACHS COM 459200101 924 5,308 SH   SOLE   15 0 5,293
ILLUMINA INC COM 452327109 2,604 15,260 SH   SOLE   30 0 15,230
IMAX CORP COM 45245e109 357 10,500 SH   SOLE   0 0 10,500
INTEL CORP COM 458140100 633 17,550 SH   SOLE   0 0 17,550
INTERCONTINENTAL EXCHANGE IN COM 45866f104 556 9,290 SH   SOLE   0 0 9,290
INVESTAR HLDG CORP COM 46134l105 295 13,889 SH   DFND   0 13,889 0
ISHARES TR GLOB HLTHCRE ETF 464287325 387 3,765 SH   SOLE   0 0 3,765
JOHNSON & JOHNSON COM 478160104 383 3,075 SH   SOLE   0 0 3,075
JPMORGAN CHASE & CO ALERIAN ML ETN 46625h365 200 6,205 SH   SOLE   0 0 6,205
JPMORGAN CHASE & CO COM 46625h100 1,048 11,936 SH   SOLE   0 0 11,936
KINDER MORGAN INC DEL COM 49456B101 603 27,732 SH   SOLE   82 0 27,650
MARRIOTT INTL INC NEW CL A 571903202 451 4,790 SH   SOLE   0 0 4,790
MASTEC INC COM 576323109 1,043 26,030 SH   SOLE   5,000 0 21,030
MCDONALDS CORP COM 580135101 824 6,357 SH   SOLE   0 0 6,357
MEDTRONIC PLC SHS g5960l103 1,567 19,454 SH   SOLE   0 0 19,454
METLIFE INC COM 59156r108 567 10,730 SH   SOLE   50 0 10,680
MICROSOFT CORP COM 594918104 727 11,040 SH   SOLE   0 0 11,040
NABORS INDUSTRIES LTD SHS g6359f103 218 16,700 SH   SOLE   16,700 0 0
NEXTERA ENERGY INC COM 65339F101 2,823 21,995 SH   SOLE   16,000 0 5,995
NISOURCE INC COM 65473p105 300 12,600 SH   SOLE   0 0 12,600
NOAH HLDGS LTD SPON ADS CL A 65487x102 203 8,000 SH   SOLE   0 0 8,000
OASIS PETE INC NEW COM 674215108 1,711 120,000 SH   SOLE   120,000 0 0
ONEOK INC NEW COM 682680103 1,454 26,233 SH   SOLE   0 12,200 14,033
PARAGON COML CORP COM NEW 69911U403 419 7,833 SH   DFND   0 7,833 0
PARK STERLING CORP COM 70086Y105 255 20,745 SH   SOLE   0 0 20,745
PARK STERLING CORP COM 70086Y105 587 47,700 SH   DFND   0 47,700 0
PATTERSON UTI ENERGY INC COM 703481101 461 19,000 SH   SOLE   19,000 0 0
PHILLIPS 66 COM 718546104 3,052 38,525 SH   SOLE   19,300 0 19,225
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 305 5,930 SH   SOLE   0 0 5,930
PIONEER NAT RES CO COM 723787107 1,136 6,100 SH   SOLE   6,000 0 100
PRIMERICA INC COM 74164m108 329 4,000 SH   SOLE   0 0 4,000
PROCTER AND GAMBLE CO COM 742718109 891 9,920 SH   SOLE   0 0 9,920
RICE ENERGY INC COM 762760106 1,318 55,600 SH   SOLE   55,000 0 600
RPC INC COM 749660106 746 40,750 SH   SOLE   40,000 0 750
SEACOAST BKG CORP FLA COM NEW 811707801 1,307 54,496 SH   DFND   0 54,496 0
SELECT BANCORP INC NEW COM 81617L108 477 43,671 SH   DFND   0 43,671 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369y209 366 4,920 SH   SOLE   0 0 4,920
SEMGROUP CORP CL A 81663A105 3,784 106,015 SH   SOLE   79,292 0 26,723
SEMPRA ENERGY COM 816851109 477 4,315 SH   SOLE   0 0 4,315
SM ENERGY CO COM 78454l100 432 18,000 SH   SOLE   18,000 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 1,080 33,070 SH   DFND   0 33,070 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,210 71,441 SH   DFND   0 71,441 0
SPDR GOLD TRUST GOLD SHS 78463v107 297 2,500 SH   SOLE   0 0 2,500
STATE BK FINL CORP COM 856190103 340 13,012 SH   DFND   0 13,012 0
SUNSHINE BANCORP INC COM 86777J108 1,413 67,447 SH   DFND   0 67,447 0
TARGA RES CORP COM 87612G101 5,946 99,259 SH   SOLE   47,535 0 51,724
TARO PHARMACEUTICAL INDS LTD SHS m8737e108 248 2,126 SH   SOLE   0 0 2,126
TRIUMPH BANCORP INC COM 89679E300 1,626 63,021 SH   DFND   0 63,021 0
U S SILICA HLDGS INC COM 90346E103 480 10,000 SH   SOLE   10,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,299 11,580 SH   SOLE   2,525 0 9,055
UNIVERSAL DISPLAY CORP COM 91347p105 258 3,000 SH   SOLE   0 0 3,000
VERIZON COMMUNICATIONS INC COM 92343v104 435 8,915 SH   SOLE   25 0 8,890
VORNADO RLTY TR SH BEN INT 929042109 260 2,588 SH   SOLE   0 0 2,588
DISNEY WALT CO COM DISNEY 254687106 1,542 13,604 SH   SOLE   0 0 13,604
WELLS FARGO & CO NEW COM 949746101 1,124 20,190 SH   SOLE   95 0 20,095
WESTERN NEW ENG BANCORP INC COM 958892101 612 58,307 SH   DFND   0 58,307 0
WESTLAKE CHEM CORP COM 960413102 859 13,000 SH   SOLE   13,000 0 0
WILLIAMS COS INC DEL COM 969457100 9,600 324,428 SH   SOLE   0 124,700 199,728
XENITH BANKSHARES INC NEW COM NEW 984102202 690 27,209 SH   DFND   0 27,209 0
XYLEM INC COM 98419M100 122 2,433 SH   SOLE   1,500 0 933
XYLEM INC COM 98419M100 140 2,790 SH   DFND   0 2,790 0
AMERICAN MIDSTREAM PARTNERS COM UNITS 02752P100 3,263 219,760 SH   SOLE   135,000 0 84,760
DCP MIDSTREAM LP COM UT LTD PTN 23311p100 741 18,898 SH   SOLE   0 0 18,898
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 9,691 491,173 SH   SOLE   0 193,000 298,173
ENTERPRISE PRODS PARTNERS L COM 293792107 3,334 120,776 SH   SOLE   45,000 0 75,776
GENESIS ENERGY L P UNIT LTD PARTN 371927104 4,804 149,185 SH   SOLE   48,000 0 101,185
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 2,645 34,989 SH   SOLE   0 0 34,989
MPLX LP COM UNIT REP LTD 55336V100 3,847 106,636 SH   SOLE   49,000 0 57,636
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 3,795 167,913 SH   SOLE   100,000 0 67,913
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059l102 264 9,448 SH   SOLE   0 0 9,448
PBF LOGISTICS LP UNIT LTD PTNR 69318Q104 422 19,580 SH   SOLE   0 0 19,580
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 1,799 56,905 SH   SOLE   46,600 0 10,305
SANCHEZ PRODTN PARTNER COM UNIT REPSTG 79971c201 962 61,280 SH   SOLE   60,000 0 1,280
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142102 2,534 105,590 SH   SOLE   44,000 0 61,590
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 431 17,655 SH   SOLE   0 0 17,655
SUNOCO LP COM U REP LP 86765K109 3,784 156,555 SH   SOLE   68,500 0 88,055
TC PIPELINES LP UT COM LTD PRT 87233q108 564 9,450 SH   SOLE   0 0 9,450
TESORO LOGISTICS LP COM UNIT LP 88160T107 1,928 35,388 SH   SOLE   10,000 0 25,388
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825R103 3,488 75,670 SH   SOLE   50,000 0 25,670
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 443 10,855 SH   SOLE   0 0 10,855
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 357 5,900 SH   SOLE   0 0 5,900