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 1,396 6,360 SH   SOLE   2,120 0 4,240
3M COM 88579y101 44 200 SH   OTR 2 0 0 200
AT&T COM 030177109 553 15,518 SH   SOLE   0 0 15,518
Abbott Laboratories COM 002824100 2,003 33,435 SH   SOLE   0 0 33,435
Abbvie COM 00287Y109 3,044 32,160 SH   SOLE   0 0 32,160
Alphabet Class C COM 02079k107 975 945 SH   SOLE   0 0 945
Alphabet Class C COM 02079k107 258 250 SH   OTR 2 0 0 250
Amazon COM 023135106 278 192 SH   SOLE   0 0 192
American Equity Inv. Life Hold COM 025676206 509 17,350 SH   SOLE   0 0 17,350
American Express COM 025816109 1,399 15,000 SH   SOLE   612 0 14,388
American Water Works COM 030420103 381 4,637 SH   SOLE   0 0 4,637
Ameriprise Financial COM 03076C106 444 3,000 SH   SOLE   0 0 3,000
Amgen COM 031162100 881 5,168 SH   SOLE   600 0 4,568
Anadarko Petroleum COM 032511107 795 13,165 SH   SOLE   0 0 13,165
Apple COM 037833100 2,284 13,615 SH   SOLE   1,288 0 12,327
Apple COM 037833100 369 2,200 SH   OTR 2 0 0 2,200
Applied Materials COM 038222105 2,431 43,715 SH   SOLE   1,600 0 42,115
Applied Materials COM 038222105 117 2,100 SH   OTR 2 0 0 2,100
Baker Hughes A GE COM 05722G100 525 18,897 SH   SOLE   0 0 18,897
Bank America COM 060505104 235 7,821 SH   SOLE   0 0 7,821
Bank of New York Mellon COM 064058100 544 10,560 SH   SOLE   7,392 0 3,168
Becton Dickinson COM 075887109 773 3,569 SH   SOLE   0 0 3,569
Bristol-Myers Squibb COM 110122108 3,064 48,436 SH   SOLE   5,866 0 42,570
Bristol-Myers Squibb COM 110122108 652 10,311 SH   OTR 2 0 0 10,311
CBRE Group COM 12504L109 241 5,095 SH   SOLE   0 0 5,095
CMS Energy COM 125896100 591 13,042 SH   SOLE   0 0 13,042
Cabot Corp. COM 127055101 842 15,120 SH   SOLE   0 0 15,120
Caterpillar COM 149123101 344 2,332 SH   SOLE   1,000 0 1,332
Celgene COM 151020104 1,067 11,961 SH   SOLE   1,600 0 10,361
Celgene COM 151020104 36 400 SH   OTR 2 0 0 400
Chevron COM 166764100 2,286 20,049 SH   SOLE   716 0 19,333
Chevron COM 166764100 482 4,225 SH   OTR 2 0 0 4,225
Cisco Systems COM 17275R952 429 10,000 SH   SOLE   0 0 10,000
Cisco Systems COM 17275R952 79 1,838 SH   OTR 2 0 0 1,838
Clorox COM 189054109 2,662 20,000 SH   SOLE   2,320 0 17,680
Coca-Cola COM 191216100 337 7,750 SH   SOLE   0 0 7,750
Cognizant Technology Solutions COM 192446102 819 10,180 SH   SOLE   0 0 10,180
Dell Technologies Class V COM 24703L103 944 12,898 SH   SOLE   0 0 12,898
Diodes COM 254543101 645 21,175 SH   SOLE   0 0 21,175
Disney COM 254687106 2,997 29,835 SH   SOLE   3,000 0 26,835
Dolby Class A COM 25659T107 949 14,925 SH   SOLE   0 0 14,925
Dover Corp. COM 260003108 774 7,876 SH   SOLE   0 0 7,876
DowDuPont COM 26078j100 4,297 67,445 SH   SOLE   9,574 0 57,871
DowDuPont COM 26078j100 108 1,700 SH   OTR 2 0 0 1,700
Dr. Pepper Snapple COM 26138E109 284 2,400 SH   SOLE   0 0 2,400
Edison International COM 281020107 511 8,023 SH   SOLE   0 0 8,023
Emerson Electric COM 291011104 828 12,116 SH   SOLE   3,800 0 8,316
Emerson Electric COM 291011104 367 5,370 SH   OTR 2 0 0 5,370
Equifax COM 294429105 279 2,368 SH   OTR 2 0 0 2,368
Everest RE Group COM G3223R108 521 2,030 SH   SOLE   0 0 2,030
Express Scripts COM 30219g108 587 8,491 SH   SOLE   500 0 7,991
Exxon Mobil COM 30231G102 4,614 61,841 SH   SOLE   7,527 0 54,314
Exxon Mobil COM 30231G102 570 7,636 SH   OTR 2 0 0 7,636
FedEx COM 31428x106 640 2,665 SH   SOLE   0 0 2,665
Fidelity National Info. COM 31620M106 483 5,020 SH   OTR 2 0 0 5,020
Fifth 3rd Bancorp COM 316773100 902 28,405 SH   SOLE   0 0 28,405
First American Financial COM 31847r102 574 9,790 SH   SOLE   0 0 9,790
Flir Systems COM 302445101 988 19,749 SH   SOLE   0 0 19,749
GCI Liberty COM 36164v404 787 14,888 SH   SOLE   0 0 14,888
General Electric COM 369604103 1,340 99,401 SH   SOLE   6,300 0 93,101
General Electric COM 369604103 212 15,713 SH   OTR 2 0 0 15,713
Genesee & Wyoming COM 371559105 655 9,247 SH   SOLE   0 0 9,247
Home Depot COM 437076102 1,851 10,387 SH   SOLE   1,100 0 9,287
Humana COM 444859102 1,172 4,360 SH   SOLE   0 0 4,360
Huntington Ingalls Ind. COM 446413106 1,194 4,633 SH   SOLE   0 0 4,633
IAC Interactive Corp. COM 44919P508 1,647 10,530 SH   SOLE   0 0 10,530
Icon PLC COM G4705A100 827 6,999 SH   SOLE   0 0 6,999
Intel COM 458140100 4,142 79,532 SH   SOLE   9,600 0 69,932
Intel COM 458140100 181 3,480 SH   OTR 2 0 0 3,480
International Business Machine COM 459200101 1,880 12,250 SH   SOLE   1,610 0 10,640
J M Smucker COM 832696405 511 4,122 SH   SOLE   0 0 4,122
JPMorgan Chase COM 46625h100 8,563 77,864 SH   SOLE   1,624 0 76,240
JPMorgan Chase COM 46625h100 2,311 21,012 SH   OTR 2 0 0 21,012
Johnson & Johnson COM 478160104 17,452 136,188 SH   SOLE   6,471 0 129,717
Johnson & Johnson COM 478160104 1,148 8,959 SH   OTR 2 0 0 8,959
Kimberly Clark COM 494368103 514 4,663 SH   OTR 2 0 0 4,663
Lear Corp. COM 521865204 1,135 6,100 SH   SOLE   0 0 6,100
Marriott Vacations Worldwide COM 57164Y107 1,146 8,605 SH   SOLE   0 0 8,605
Masco Corp. COM 574599106 819 20,251 SH   SOLE   0 0 20,251
McCormick COM 579780206 1,574 14,798 SH   SOLE   4,800 0 9,998
McDonald's Corp. COM 580135101 1,271 8,125 SH   SOLE   1,707 0 6,418
McDonald's Corp. COM 580135101 109 700 SH   OTR 2 0 0 700
Merck COM 58933y105 1,719 31,550 SH   SOLE   2,548 0 29,002
Merck COM 58933y105 355 6,509 SH   OTR 2 0 0 6,509
Microsoft COM 594918104 1,277 13,996 SH   SOLE   800 0 13,196
Microsoft COM 594918104 202 2,213 SH   OTR 2 0 0 2,213
Mondelez COM 609207105 184 4,398 SH   SOLE   0 0 4,398
Mondelez COM 609207105 21 513 SH   OTR 2 0 0 513
Monsanto COM 61166w101 594 5,092 SH   SOLE   0 0 5,092
Monsanto COM 61166w101 245 2,100 SH   OTR 2 0 0 2,100
Moody's Corp. COM 615369105 201 1,246 SH   SOLE   0 0 1,246
Mylan N V COM N59465109 892 21,670 SH   SOLE   0 0 21,670
Nasdaq COM 631103108 720 8,354 SH   SOLE   0 0 8,354
Nestle ADR COM 641069406 3,203 40,559 SH   SOLE   5,000 0 35,559
Newmont Mining Corp. COM 651639106 943 24,134 SH   SOLE   0 0 24,134
Norfolk Southern COM 655844108 472 3,476 SH   OTR 2 0 0 3,476
Nvidia Corp. COM 67066G104 720 3,107 SH   SOLE   0 0 3,107
Owens Corning COM 690742101 894 11,119 SH   SOLE   0 0 11,119
PepsiCo COM 713448108 2,577 23,611 SH   SOLE   0 0 23,611
PepsiCo COM 713448108 925 8,479 SH   OTR 2 0 0 8,479
Pfizer COM 717081103 4,913 138,428 SH   SOLE   17,446 0 120,982
Pfizer COM 717081103 326 9,195 SH   OTR 2 0 0 9,195
Philip Morris COM 718172109 8 77 SH   SOLE   0 0 77
Philip Morris COM 718172109 215 2,166 SH   OTR 2 0 0 2,166
Polaris Ind. COM 731068102 722 6,305 SH   SOLE   0 0 6,305
Procter & Gamble COM 742718109 2,922 36,858 SH   SOLE   2,437 0 34,421
Procter & Gamble COM 742718109 702 8,853 SH   OTR 2 0 0 8,853
Quaker Chemical COM 747316107 267 1,800 SH   SOLE   0 0 1,800
Qualcomm COM 747525103 206 3,721 SH   SOLE   900 0 2,821
Quanta Services COM 74762E102 775 22,555 SH   SOLE   0 0 22,555
RPC Inc. COM 749660106 542 30,040 SH   SOLE   0 0 30,040
Reinsurance Group of America COM 759351604 790 5,130 SH   SOLE   0 0 5,130
Reliance Steel & Aluminum COM 759509102 1,055 12,307 SH   SOLE   0 0 12,307
Rockwell Automation COM 773903109 933 5,356 SH   SOLE   0 0 5,356
S&P Global COM 78409V104 1,642 8,592 SH   SOLE   900 0 7,692
Schlumberger COM 806857108 654 10,090 SH   SOLE   1,600 0 8,490
Schlumberger COM 806857108 379 5,855 SH   OTR 2 0 0 5,855
Schwab, Charles COM 808513105 1,907 36,528 SH   SOLE   0 0 36,528
South Street Corp. COM 840441109 680 7,976 SH   SOLE   0 0 7,976
Spectrum Brands Holdings COM 84763R101 465 4,488 SH   SOLE   0 0 4,488
Suntrust Banks COM 867914103 1,066 15,669 SH   SOLE   0 0 15,669
Synopsys COM 871607107 1,008 12,113 SH   SOLE   0 0 12,113
Transocean Ltd COM H8817H100 476 48,127 SH   SOLE   0 0 48,127
Travelers COM 89417E109 233 1,675 SH   SOLE   0 0 1,675
Union Pacific COM 907818108 397 2,950 SH   SOLE   400 0 2,550
Union Pacific COM 907818108 444 3,300 SH   OTR 2 0 0 3,300
United Health Group COM 91324P102 668 3,120 SH   SOLE   0 0 3,120
United Parcel Service 'B' COM 911312106 251 2,400 SH   SOLE   300 0 2,100
United Rentals COM 911363109 380 2,200 SH   SOLE   0 0 2,200
Varian Medical Systems COM 92220P105 906 7,384 SH   SOLE   0 0 7,384
Verizon Communications COM 92343v104 1,434 29,994 SH   SOLE   1,700 0 28,294
Wal-Mart Stores COM 931142103 787 8,842 SH   SOLE   0 0 8,842
Waste Management COM 94106L109 1,502 17,856 SH   SOLE   0 0 17,856
Westlake Chemical Corp. COM 960413102 1,401 12,604 SH   SOLE   0 0 12,604
Wyndham Worldwide Corp. COM 98310W108 912 7,974 SH   SOLE   0 0 7,974
Yum! Brands COM 988498101 354 4,160 SH   SOLE   0 0 4,160
Zimmer Biomet COM 98956p102 557 5,104 SH   SOLE   1,255 0 3,849
Zimmer Biomet COM 98956p102 327 2,996 SH   OTR 2 0 0 2,996
Zoetis COM 98978v103 461 5,525 SH   SOLE   0 0 5,525
Digital Realty Trust COM 253868103 200 1,900 SH   SOLE   0 0 1,900
Mid America Apartment Communit COM 59522J103 675 7,397 SH   SOLE   0 0 7,397
Retail Opportunity Investments COM 76131N101 495 28,024 SH   SOLE   0 0 28,024
Store Cap Corp COM 862121100 768 30,945 SH   SOLE   0 0 30,945