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 1,211 5,830 SH   SOLE   2,120 0 3,710
AMC Networks COM 00164V103 617 10,867 SH   SOLE   0 0 10,867
AMN Healthcare Svcs. COM 001744101 523 11,115 SH   SOLE   0 0 11,115
AT&T COM 030177109 478 15,254 SH   SOLE   0 0 15,254
Abbott Laboratories COM 002824100 2,428 30,378 SH   SOLE   487 0 29,891
Abbvie COM 00287Y109 2,646 32,829 SH   SOLE   487 0 32,342
Alphabet Class C COM 02079k107 956 815 SH   SOLE   0 0 815
Alphabet Class C COM 02079k107 293 250 SH   OTR 2 0 0 250
Amazon COM 023135106 655 368 SH   SOLE   0 0 368
American Equity Inv. Life Hold COM 025676206 469 17,350 SH   SOLE   0 0 17,350
American Express COM 025816109 1,328 12,153 SH   SOLE   612 0 11,541
American Water Works COM 030420103 606 5,812 SH   SOLE   0 0 5,812
Ameriprise Financial COM 03076C106 307 2,400 SH   SOLE   0 0 2,400
Amgen COM 031162100 945 4,973 SH   SOLE   1,266 0 3,707
Anadarko Petroleum COM 032511107 599 13,165 SH   SOLE   0 0 13,165
Apple COM 037833100 2,145 11,295 SH   SOLE   1,663 0 9,632
Apple COM 037833100 266 1,400 SH   OTR 2 0 0 1,400
Applied Materials COM 038222105 1,075 27,115 SH   SOLE   300 0 26,815
Applied Materials COM 038222105 36 900 SH   OTR 2 0 0 900
Baker Hughes A GE COM 05722G100 520 18,772 SH   SOLE   0 0 18,772
Bank America COM 060505104 209 7,571 SH   SOLE   0 0 7,571
Bank of New York Mellon COM 064058100 533 10,560 SH   SOLE   7,392 0 3,168
Becton Dickinson COM 075887109 1,034 4,142 SH   SOLE   0 0 4,142
Bristol-Myers Squibb COM 110122108 2,258 47,336 SH   SOLE   5,866 0 41,470
Bristol-Myers Squibb COM 110122108 439 9,211 SH   OTR 2 0 0 9,211
CBRE Group COM 12504L109 245 4,945 SH   SOLE   0 0 4,945
CMS Energy COM 125896100 924 16,634 SH   SOLE   0 0 16,634
Cabot Corp. COM 127055101 705 16,932 SH   SOLE   0 0 16,932
Caterpillar COM 149123101 265 1,957 SH   SOLE   750 0 1,207
Celgene COM 151020104 832 8,816 SH   SOLE   1,600 0 7,216
Chevron COM 166764100 2,073 16,829 SH   SOLE   716 0 16,113
Chevron COM 166764100 502 4,075 SH   OTR 2 0 0 4,075
Cigna COM 125509109 285 1,774 SH   SOLE   264 0 1,510
Cisco Systems COM 17275R952 459 8,500 SH   SOLE   0 0 8,500
Cisco Systems COM 17275R952 99 1,838 SH   OTR 2 0 0 1,838
Clorox COM 189054109 3,041 18,954 SH   SOLE   2,728 0 16,226
Coca-Cola COM 191216100 312 6,650 SH   SOLE   0 0 6,650
Cognizant Technology Solutions COM 192446102 738 10,180 SH   SOLE   0 0 10,180
Dell COM 24703l103 1,367 23,300 SH   SOLE   0 0 23,300
Diodes COM 254543101 900 25,944 SH   SOLE   0 0 25,944
Disney COM 254687106 3,043 27,408 SH   SOLE   4,995 0 22,413
Dolby Class A COM 25659T107 940 14,925 SH   SOLE   0 0 14,925
Dover Corp. COM 260003108 739 7,876 SH   SOLE   0 0 7,876
DowDuPont COM 26078j100 3,097 58,099 SH   SOLE   8,874 0 49,225
DowDuPont COM 26078j100 53 1,000 SH   OTR 2 0 0 1,000
Edison International COM 281020107 506 8,173 SH   SOLE   0 0 8,173
Emerson Electric COM 291011104 744 10,866 SH   SOLE   3,200 0 7,666
Emerson Electric COM 291011104 362 5,290 SH   OTR 2 0 0 5,290
Equifax COM 294429105 281 2,368 SH   OTR 2 0 0 2,368
Exxon Mobil COM 30231G102 4,839 59,886 SH   SOLE   7,899 0 51,987
Exxon Mobil COM 30231G102 585 7,236 SH   OTR 2 0 0 7,236
FedEx COM 31428x106 511 2,815 SH   SOLE   0 0 2,815
Fidelity National Info. COM 31620M106 551 4,873 SH   OTR 2 0 0 4,873
Fifth 3rd Bancorp COM 316773100 394 15,605 SH   SOLE   0 0 15,605
First American Financial COM 31847r102 501 9,724 SH   SOLE   0 0 9,724
Flir Systems COM 302445101 940 19,749 SH   SOLE   0 0 19,749
General Electric COM 369604103 881 88,216 SH   SOLE   6,644 0 81,572
General Electric COM 369604103 155 15,549 SH   OTR 2 0 0 15,549
Genesee & Wyoming COM 371559105 1,025 11,763 SH   SOLE   0 0 11,763
Grand Canyon Ed COM 38526m106 510 4,457 SH   SOLE   0 0 4,457
Home Depot COM 437076102 1,953 10,178 SH   SOLE   1,437 0 8,741
Hoya Capital Housing ETF COM 26922a230 2,078 82,000 SH   SOLE   70,000 0 12,000
Humana COM 444859102 1,160 4,360 SH   SOLE   0 0 4,360
Huntington Ingalls Ind. COM 446413106 445 2,150 SH   SOLE   0 0 2,150
IAC Interactive Corp. COM 44919P508 1,890 8,995 SH   SOLE   0 0 8,995
Icon PLC COM G4705A100 956 6,999 SH   SOLE   0 0 6,999
Intel COM 458140100 4,114 76,615 SH   SOLE   15,312 0 61,303
Intel COM 458140100 187 3,480 SH   OTR 2 0 0 3,480
International Business Machine COM 459200101 1,866 13,227 SH   SOLE   1,610 0 11,617
JPMorgan Chase COM 46625h100 6,470 63,917 SH   SOLE   2,134 0 61,783
JPMorgan Chase COM 46625h100 2,079 20,536 SH   OTR 2 0 0 20,536
Johnson & Johnson COM 478160104 17,474 125,000 SH   SOLE   8,011 0 116,989
Johnson & Johnson COM 478160104 1,252 8,959 SH   OTR 2 0 0 8,959
Keycorp COM 493267108 610 38,740 SH   SOLE   0 0 38,740
Kimberly Clark COM 494368103 578 4,663 SH   OTR 2 0 0 4,663
Kroger COM 501044101 669 27,185 SH   SOLE   0 0 27,185
Marriott Vacations Worldwide COM 57164Y107 805 8,605 SH   SOLE   0 0 8,605
Masco Corp. COM 574599106 500 12,731 SH   SOLE   0 0 12,731
McCormick COM 579780206 2,117 14,055 SH   SOLE   4,800 0 9,255
McDonald's Corp. COM 580135101 1,486 7,825 SH   SOLE   1,866 0 5,959
Merck COM 58933y105 2,579 31,006 SH   SOLE   3,040 0 27,966
Merck COM 58933y105 541 6,509 SH   OTR 2 0 0 6,509
Microsoft COM 594918104 1,689 14,322 SH   SOLE   2,844 0 11,478
Microsoft COM 594918104 190 1,613 SH   OTR 2 0 0 1,613
Moody's Corp. COM 615369105 226 1,246 SH   SOLE   0 0 1,246
Mylan N V COM N59465109 614 21,670 SH   SOLE   0 0 21,670
Nasdaq COM 631103108 731 8,354 SH   SOLE   0 0 8,354
National Health Investors COM 63633d104 1,050 13,365 SH   SOLE   0 0 13,365
Nestle ADR COM 641069406 3,553 37,287 SH   SOLE   5,000 0 32,287
Newmont Mining Corp. COM 651639106 863 24,134 SH   SOLE   0 0 24,134
Nordstrom COM 655664100 549 12,369 SH   SOLE   0 0 12,369
Norfolk Southern COM 655844108 603 3,226 SH   OTR 2 0 0 3,226
Nvidia Corp. COM 67066G104 382 2,129 SH   SOLE   0 0 2,129
Old Republic COM 680223104 593 28,350 SH   SOLE   0 0 28,350
Packaging Corp. COM 695156109 200 2,015 SH   SOLE   0 0 2,015
PepsiCo COM 713448108 2,829 23,086 SH   SOLE   980 0 22,106
PepsiCo COM 713448108 1,002 8,179 SH   OTR 2 0 0 8,179
Pfizer COM 717081103 5,426 127,751 SH   SOLE   18,798 0 108,953
Pfizer COM 717081103 391 9,195 SH   OTR 2 0 0 9,195
Philip Morris COM 718172109 17 197 SH   SOLE   0 0 197
Philip Morris COM 718172109 191 2,166 SH   OTR 2 0 0 2,166
Polaris Ind. COM 731068102 532 6,305 SH   SOLE   0 0 6,305
Post Holdings COM 737446104 805 7,355 SH   SOLE   0 0 7,355
Procter & Gamble COM 742718109 3,625 34,838 SH   SOLE   3,969 0 30,869
Procter & Gamble COM 742718109 859 8,253 SH   OTR 2 0 0 8,253
Quaker Chemical COM 747316107 311 1,550 SH   SOLE   0 0 1,550
Qualcomm COM 747525103 207 3,621 SH   SOLE   900 0 2,721
Quanta Services COM 74762E102 851 22,555 SH   SOLE   0 0 22,555
Reliance Steel & Aluminum COM 759509102 956 10,592 SH   SOLE   0 0 10,592
Rockwell Automation COM 773903109 940 5,356 SH   SOLE   0 0 5,356
S&P Global COM 78409V104 1,662 7,892 SH   SOLE   643 0 7,249
Schlumberger COM 806857108 406 9,307 SH   SOLE   1,000 0 8,307
Schlumberger COM 806857108 255 5,855 SH   OTR 2 0 0 5,855
Schwab, Charles COM 808513105 1,600 37,428 SH   SOLE   727 0 36,701
Suntrust Banks COM 867914103 928 15,669 SH   SOLE   0 0 15,669
Synopsys COM 871607107 1,395 12,113 SH   SOLE   0 0 12,113
Union Pacific COM 907818108 493 2,950 SH   SOLE   400 0 2,550
Union Pacific COM 907818108 435 2,600 SH   OTR 2 0 0 2,600
United Health Group COM 91324P102 710 2,870 SH   SOLE   0 0 2,870
United Parcel Service 'B' COM 911312106 263 2,350 SH   SOLE   300 0 2,050
Universal Health Svcs COM 913903100 740 5,530 SH   SOLE   0 0 5,530
Varian Medical Systems COM 92220P105 1,046 7,384 SH   SOLE   0 0 7,384
Verisign COM 92343e102 236 1,300 SH   SOLE   0 0 1,300
Verizon Communications COM 92343v104 1,708 28,889 SH   SOLE   1,700 0 27,189
Wal-Mart Stores COM 931142103 784 8,042 SH   SOLE   0 0 8,042
Waste Management COM 94106L109 1,644 15,821 SH   SOLE   0 0 15,821
Westlake Chemical Corp. COM 960413102 855 12,604 SH   SOLE   0 0 12,604
Wyndham Destinations COM 98310w108 323 7,974 SH   SOLE   0 0 7,974
Wyndham Hotels & Resorts COM 98311a105 399 7,974 SH   SOLE   0 0 7,974
Yum! Brands COM 988498101 353 3,537 SH   SOLE   392 0 3,145
Zimmer Biomet COM 98956p102 632 4,952 SH   SOLE   1,255 0 3,697
Zimmer Biomet COM 98956p102 357 2,796 SH   OTR 2 0 0 2,796
Zoetis COM 98978v103 968 9,620 SH   SOLE   0 0 9,620
Digital Realty Trust COM 253868103 278 2,340 SH   SOLE   440 0 1,900
Mid America Apartment Communit COM 59522J103 1,011 9,243 SH   SOLE   891 0 8,352
Store Cap Corp COM 862121100 1,044 31,155 SH   SOLE   210 0 30,945