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 1,382 6,560 SH   SOLE   2,120 0 4,440
AMC Networks COM 00164V103 721 10,867 SH   SOLE   0 0 10,867
AMN Healthcare Svcs. COM 001744101 608 11,115 SH   SOLE   0 0 11,115
AT&T COM 030177109 586 17,463 SH   SOLE   0 0 17,463
Abbott Laboratories COM 002824100 2,453 33,435 SH   SOLE   0 0 33,435
Abbvie COM 00287Y109 3,042 32,160 SH   SOLE   0 0 32,160
Alphabet Class C COM 02079k107 1,128 945 SH   SOLE   0 0 945
Alphabet Class C COM 02079k107 298 250 SH   OTR 2 0 0 250
Amazon COM 023135106 385 192 SH   SOLE   0 0 192
American Equity Inv. Life Hold COM 025676206 613 17,350 SH   SOLE   0 0 17,350
American Express COM 025816109 1,597 15,000 SH   SOLE   612 0 14,388
American Water Works COM 030420103 511 5,812 SH   SOLE   0 0 5,812
Ameriprise Financial COM 03076C106 443 3,000 SH   SOLE   0 0 3,000
Amgen COM 031162100 1,071 5,168 SH   SOLE   600 0 4,568
Anadarko Petroleum COM 032511107 887 13,165 SH   SOLE   0 0 13,165
Apple COM 037833100 2,959 13,110 SH   SOLE   1,288 0 11,822
Apple COM 037833100 339 1,500 SH   OTR 2 0 0 1,500
Applied Materials COM 038222105 1,645 42,565 SH   SOLE   1,600 0 40,965
Applied Materials COM 038222105 35 900 SH   OTR 2 0 0 900
Baker Hughes A GE COM 05722G100 639 18,897 SH   SOLE   0 0 18,897
Bank America COM 060505104 230 7,821 SH   SOLE   0 0 7,821
Bank of New York Mellon COM 064058100 538 10,560 SH   SOLE   7,392 0 3,168
Becton Dickinson COM 075887109 1,082 4,144 SH   SOLE   0 0 4,144
Bristol-Myers Squibb COM 110122108 3,007 48,436 SH   SOLE   5,866 0 42,570
Bristol-Myers Squibb COM 110122108 572 9,211 SH   OTR 2 0 0 9,211
CBRE Group COM 12504L109 225 5,095 SH   SOLE   0 0 5,095
CMS Energy COM 125896100 815 16,634 SH   SOLE   0 0 16,634
CVS/Caremark COM 126650100 211 2,675 SH   SOLE   0 0 2,675
Cabot Corp. COM 127055101 1,062 16,932 SH   SOLE   0 0 16,932
Caterpillar COM 149123101 356 2,332 SH   SOLE   1,000 0 1,332
Celgene COM 151020104 923 10,316 SH   SOLE   1,600 0 8,716
Celgene COM 151020104 36 400 SH   OTR 2 0 0 400
Chevron COM 166764100 2,464 20,149 SH   SOLE   716 0 19,433
Chevron COM 166764100 498 4,075 SH   OTR 2 0 0 4,075
Cisco Systems COM 17275R952 487 10,000 SH   SOLE   0 0 10,000
Cisco Systems COM 17275R952 89 1,838 SH   OTR 2 0 0 1,838
Clorox COM 189054109 3,008 20,000 SH   SOLE   2,320 0 17,680
Coca-Cola COM 191216100 358 7,750 SH   SOLE   0 0 7,750
Cognizant Technology Solutions COM 192446102 785 10,180 SH   SOLE   0 0 10,180
Dell Technologies Class V COM 24703L103 1,253 12,898 SH   SOLE   0 0 12,898
Diodes COM 254543101 864 25,944 SH   SOLE   0 0 25,944
Disney COM 254687106 3,499 29,925 SH   SOLE   3,000 0 26,925
Dolby Class A COM 25659T107 1,044 14,925 SH   SOLE   0 0 14,925
Dover Corp. COM 260003108 697 7,876 SH   SOLE   0 0 7,876
DowDuPont COM 26078j100 4,328 67,295 SH   SOLE   9,574 0 57,721
DowDuPont COM 26078j100 109 1,700 SH   OTR 2 0 0 1,700
Edison International COM 281020107 553 8,173 SH   SOLE   0 0 8,173
Emerson Electric COM 291011104 928 12,116 SH   SOLE   3,800 0 8,316
Emerson Electric COM 291011104 405 5,290 SH   OTR 2 0 0 5,290
Equifax COM 294429105 309 2,368 SH   OTR 2 0 0 2,368
Express Scripts COM 30219g108 745 7,841 SH   SOLE   500 0 7,341
Exxon Mobil COM 30231G102 5,258 61,841 SH   SOLE   7,527 0 54,314
Exxon Mobil COM 30231G102 624 7,336 SH   OTR 2 0 0 7,336
FedEx COM 31428x106 762 3,165 SH   SOLE   0 0 3,165
Fidelity National Info. COM 31620M106 548 5,020 SH   OTR 2 0 0 5,020
Fifth 3rd Bancorp COM 316773100 447 16,005 SH   SOLE   0 0 16,005
First American Financial COM 31847r102 502 9,724 SH   SOLE   0 0 9,724
Flir Systems COM 302445101 1,214 19,749 SH   SOLE   0 0 19,749
General Electric COM 369604103 1,150 101,901 SH   SOLE   5,800 0 96,101
General Electric COM 369604103 177 15,713 SH   OTR 2 0 0 15,713
Genesee & Wyoming COM 371559105 1,070 11,763 SH   SOLE   0 0 11,763
Home Depot COM 437076102 2,152 10,387 SH   SOLE   1,100 0 9,287
Humana COM 444859102 1,476 4,360 SH   SOLE   0 0 4,360
Huntington Ingalls Ind. COM 446413106 947 3,700 SH   SOLE   0 0 3,700
IAC Interactive Corp. COM 44919P508 1,949 8,995 SH   SOLE   0 0 8,995
Icon PLC COM G4705A100 1,076 6,999 SH   SOLE   0 0 6,999
Intel COM 458140100 3,759 79,482 SH   SOLE   9,600 0 69,882
Intel COM 458140100 165 3,480 SH   OTR 2 0 0 3,480
International Business Machine COM 459200101 2,056 13,600 SH   SOLE   1,610 0 11,990
J M Smucker COM 832696405 423 4,122 SH   SOLE   0 0 4,122
JPMorgan Chase COM 46625h100 8,718 77,264 SH   SOLE   1,624 0 75,640
JPMorgan Chase COM 46625h100 2,317 20,536 SH   OTR 2 0 0 20,536
Johnson & Johnson COM 478160104 18,748 135,688 SH   SOLE   6,471 0 129,217
Johnson & Johnson COM 478160104 1,238 8,959 SH   OTR 2 0 0 8,959
Keycorp COM 493267108 771 38,740 SH   SOLE   0 0 38,740
Kimberly Clark COM 494368103 530 4,663 SH   OTR 2 0 0 4,663
Kroger COM 501044101 791 27,185 SH   SOLE   0 0 27,185
Marriott Vacations Worldwide COM 57164Y107 962 8,605 SH   SOLE   0 0 8,605
Masco Corp. COM 574599106 466 12,731 SH   SOLE   0 0 12,731
McCormick COM 579780206 1,914 14,528 SH   SOLE   4,800 0 9,728
McDonald's Corp. COM 580135101 1,359 8,125 SH   SOLE   1,707 0 6,418
Merck COM 58933y105 2,238 31,550 SH   SOLE   2,548 0 29,002
Merck COM 58933y105 462 6,509 SH   OTR 2 0 0 6,509
Microsoft COM 594918104 1,620 14,163 SH   SOLE   800 0 13,363
Microsoft COM 594918104 184 1,613 SH   OTR 2 0 0 1,613
Moody's Corp. COM 615369105 208 1,246 SH   SOLE   0 0 1,246
Mylan N V COM N59465109 793 21,670 SH   SOLE   0 0 21,670
Nasdaq COM 631103108 717 8,354 SH   SOLE   0 0 8,354
National Oilwell Varco COM 637071101 778 18,067 SH   SOLE   0 0 18,067
Nestle ADR COM 641069406 3,392 40,493 SH   SOLE   5,000 0 35,493
Newmont Mining Corp. COM 651639106 729 24,134 SH   SOLE   0 0 24,134
Nordstrom COM 655664100 740 12,369 SH   SOLE   0 0 12,369
Norfolk Southern COM 655844108 582 3,226 SH   OTR 2 0 0 3,226
Nvidia Corp. COM 67066G104 873 3,107 SH   SOLE   0 0 3,107
Old Republic COM 680223104 634 28,350 SH   SOLE   0 0 28,350
Packaging Corp. COM 695156109 243 2,215 SH   SOLE   0 0 2,215
PepsiCo COM 713448108 2,640 23,611 SH   SOLE   0 0 23,611
PepsiCo COM 713448108 914 8,179 SH   OTR 2 0 0 8,179
Pfizer COM 717081103 6,101 138,428 SH   SOLE   17,446 0 120,982
Pfizer COM 717081103 405 9,195 SH   OTR 2 0 0 9,195
Polaris Ind. COM 731068102 636 6,305 SH   SOLE   0 0 6,305
Procter & Gamble COM 742718109 3,068 36,858 SH   SOLE   2,437 0 34,421
Procter & Gamble COM 742718109 687 8,253 SH   OTR 2 0 0 8,253
Quaker Chemical COM 747316107 324 1,600 SH   SOLE   0 0 1,600
Qualcomm COM 747525103 268 3,721 SH   SOLE   900 0 2,821
Quanta Services COM 74762E102 753 22,555 SH   SOLE   0 0 22,555
Reliance Steel & Aluminum COM 759509102 903 10,592 SH   SOLE   0 0 10,592
Rockwell Automation COM 773903109 1,004 5,356 SH   SOLE   0 0 5,356
S&P Global COM 78409V104 1,620 8,292 SH   SOLE   900 0 7,392
Schlumberger COM 806857108 615 10,090 SH   SOLE   1,600 0 8,490
Schlumberger COM 806857108 357 5,855 SH   OTR 2 0 0 5,855
Schwab, Charles COM 808513105 1,894 38,528 SH   SOLE   0 0 38,528
Suntrust Banks COM 867914103 1,047 15,669 SH   SOLE   0 0 15,669
Synopsys COM 871607107 1,194 12,113 SH   SOLE   0 0 12,113
Transocean Ltd COM H8817H100 671 48,127 SH   SOLE   0 0 48,127
Travelers COM 89417E109 217 1,675 SH   SOLE   0 0 1,675
Union Pacific COM 907818108 480 2,950 SH   SOLE   400 0 2,550
Union Pacific COM 907818108 423 2,600 SH   OTR 2 0 0 2,600
United Health Group COM 91324P102 830 3,120 SH   SOLE   0 0 3,120
United Parcel Service 'B' COM 911312106 280 2,400 SH   SOLE   300 0 2,100
Universal Health Svcs COM 913903100 707 5,530 SH   SOLE   0 0 5,530
Varian Medical Systems COM 92220P105 826 7,384 SH   SOLE   0 0 7,384
Verisign COM 92343e102 208 1,300 SH   SOLE   0 0 1,300
Verizon Communications COM 92343v104 1,601 29,994 SH   SOLE   1,700 0 28,294
Wal-Mart Stores COM 931142103 830 8,842 SH   SOLE   0 0 8,842
Waste Management COM 94106L109 1,613 17,856 SH   SOLE   0 0 17,856
Westlake Chemical Corp. COM 960413102 1,048 12,604 SH   SOLE   0 0 12,604
Wyndham Destinations COM 98310w108 346 7,974 SH   SOLE   0 0 7,974
Wyndham Hotels & Resorts COM 98311a105 443 7,974 SH   SOLE   0 0 7,974
Yum! Brands COM 988498101 378 4,160 SH   SOLE   0 0 4,160
Zimmer Biomet COM 98956p102 671 5,104 SH   SOLE   1,255 0 3,849
Zimmer Biomet COM 98956p102 368 2,796 SH   OTR 2 0 0 2,796
Zoetis COM 98978v103 483 5,275 SH   SOLE   0 0 5,275
Digital Realty Trust COM 253868103 214 1,900 SH   SOLE   0 0 1,900
Mid America Apartment Communit COM 59522J103 837 8,352 SH   SOLE   0 0 8,352
Store Cap Corp COM 862121100 860 30,945 SH   SOLE   0 0 30,945