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 Company COM 88579Y101 1,786 14,958 SH   SOLE   14,958 0 0
AT&T Corp COM 00206r102 911 26,950 SH   SOLE   26,950 0 0
ATP Oil & Gas Corp COM 00208J108 1 13,700 SH   SOLE   13,700 0 0
AbbVie Inc COM 00287y109 1,041 23,275 SH   SOLE   23,275 0 0
Abbott Labs COM 002824100 245 7,380 SH   SOLE   7,380 0 0
Alimera Sciences, Inc COM 016259103 143 38,150 SH   SOLE   38,150 0 0
Altria Group Inc. COM 02209S103 237 6,900 SH   SOLE   6,900 0 0
AmTrust Financial Services COM 032359309 699 17,918 SH   SOLE   17,918 0 0
American International Group COM 026874784 525 10,788 SH   SOLE   10,788 0 0
American Tower Corporation COM 03027x100 336 4,530 SH   SOLE   4,530 0 0
Apple Computer, Inc. COM 037833100 2,812 5,899 SH   SOLE   5,899 0 0
Arch Coal Inc COM 039380100 74 17,900 SH   SOLE   17,900 0 0
Atrion Corp COM 049904105 259 1,000 SH   SOLE   1,000 0 0
BB&T Corp COM 054937107 1,166 34,536 SH   SOLE   34,536 0 0
Baxter Intl Inc. COM 071813109 1,883 28,670 SH   SOLE   28,670 0 0
Blackstone Group LP COM 09253U108 411 16,526 SH   SOLE   16,526 0 0
Bristol Myers Squibb COM 110122108 267 5,760 SH   SOLE   5,760 0 0
CBL & Assoc Prop COM 124830100 299 15,676 SH   SOLE   15,676 0 0
CVS Corp COM 126650100 4,412 77,747 SH   SOLE   77,747 0 0
Cabot Oil & Gas Corp COM 127097103 235 6,298 SH   SOLE   6,298 0 0
Canadian Natural Resources Ltd COM 136385101 252 8,000 SH   SOLE   8,000 0 0
CarMax, Inc COM 143130102 401 8,270 SH   SOLE   8,270 0 0
Cardinal Health, Inc. COM 14149Y108 384 7,358 SH   SOLE   7,358 0 0
Caterpillar COM 149123101 849 10,175 SH   SOLE   10,175 0 0
ChevronTexaco Corporation COM 166764100 787 6,478 SH   SOLE   6,478 0 0
Cincinnati Finl COM 172062101 1,502 31,846 SH   SOLE   31,846 0 0
Cisco Systems, Inc. COM 17275R102 1,797 76,704 SH   SOLE   76,704 0 0
Citigroup Inc New COM 172967424 340 7,018 SH   SOLE   7,018 0 0
Coca Cola COM 191216100 2,199 58,055 SH   SOLE   58,055 0 0
Coca Cola Enterprise COM 191219104 210 5,220 SH   SOLE   5,220 0 0
ConocoPhillips COM 20825C104 1,400 20,134 SH   SOLE   20,134 0 0
Cornerstone Community Bank COM 218924108 85 34,714 SH   SOLE   34,714 0 0
Costco Wholesale Corp COM 22160K105 405 3,513 SH   SOLE   3,513 0 0
Danaher Corp COM 235851102 3,171 45,751 SH   SOLE   45,751 0 0
Delta Air Lines Inc New COM 247361702 255 10,800 SH   SOLE   10,800 0 0
Dentsply Intn'l. COM 249030107 2,582 59,465 SH   SOLE   59,465 0 0
Diamond Offshore Drilling, Inc COM 25271c102 455 7,302 SH   SOLE   7,302 0 0
Dollar Tree, Inc COM 256746108 1,584 27,718 SH   SOLE   27,718 0 0
Dover Corp COM 260003108 3,013 33,541 SH   SOLE   33,541 0 0
Dow 30 COM 78467x109 2,023 13,395 SH   SOLE   13,395 0 0
DuPont COM 263534109 1,557 26,580 SH   SOLE   26,580 0 0
Duke Energy Corp COM 26441C204 687 10,291 SH   SOLE   10,291 0 0
Earthlink Inc. Com COM 270321102 69 14,000 SH   SOLE   14,000 0 0
Emerson Electric Co COM 291011104 1,517 23,450 SH   SOLE   23,450 0 0
Exxon Mobil Corp COM 30231G102 720 8,374 SH   SOLE   8,374 0 0
Facebook Inc. COM 30303m102 826 16,445 SH   SOLE   16,445 0 0
Fannie Mae COM 313586109 13 10,000 SH   SOLE   10,000 0 0
First Bancorp NC COM 318910110 581 40,230 SH   SOLE   40,230 0 0
First Financial Holdings, Inc. COM 32023e105 1,123 20,359 SH   SOLE   20,359 0 0
Ford Mtr Co COM 345370860 1,144 67,794 SH   SOLE   67,794 0 0
Freeport-McMoRan Copper & Gold COM 35671D857 203 6,126 SH   SOLE   6,126 0 0
General Electric Co COM 369604103 1,159 48,517 SH   SOLE   48,517 0 0
GlaxoSmithKline PLC COM 37733w105 522 10,400 SH   SOLE   10,400 0 0
Goldman Sachs Group Inc COM 38141G104 207 1,309 SH   SOLE   1,309 0 0
Greenville Nat'l Bank COM 396242109 237 1,500 SH   SOLE   1,500 0 0
Group 1 Automotive, Inc COM 398905109 621 8,000 SH   SOLE   8,000 0 0
Halliburton Co COM 406216101 220 4,578 SH   SOLE   4,578 0 0
Health Management Assoc. COM 421933102 155 12,075 SH   SOLE   12,075 0 0
Heilig Meyers Co COM 422893107 0 10,562 SH   SOLE   10,562 0 0
Home Depot, Inc. COM 437076102 3,051 40,227 SH   SOLE   40,227 0 0
Huntsman Corp COM 447011107 251 12,200 SH   SOLE   12,200 0 0
I B M COM 459200101 2,435 13,150 SH   SOLE   13,150 0 0
IShr MSCI Emerg Mkts ETF COM 464287234 546 13,401 SH   SOLE   13,401 0 0
Intel Corp COM 458140100 2,246 97,999 SH   SOLE   97,999 0 0
Investors Title Company COM 461804106 499 6,649 SH   SOLE   6,649 0 0
Isle of Capir Casinos Inc COM 464592104 272 36,000 SH   SOLE   36,000 0 0
J.P. Morgan & Co, Inc. COM 46625H100 824 15,932 SH   SOLE   15,932 0 0
JPMorgan MLP Index COM 46625H365 1,136 25,465 SH   SOLE   25,465 0 0
Johnson & Johnson COM 478160104 2,898 33,431 SH   SOLE   33,431 0 0
Johnson Controls Inc. COM 478366107 1,083 26,100 SH   SOLE   26,100 0 0
Just Energy Group, Inc. COM 48213w101 96 15,000 SH   SOLE   15,000 0 0
KeyCorp COM 493267108 161 14,161 SH   SOLE   14,161 0 0
Kimberly Clark Corp COM 494368103 1,098 11,655 SH   SOLE   11,655 0 0
Kinder Morgan Energy Partners COM 494550106 429 5,370 SH   SOLE   5,370 0 0
Kraft Foods Group, Inc. COM 50076Q106 1,202 22,900 SH   SOLE   22,900 0 0
L-3 Communications Hldgs Inc COM 502424104 630 6,666 SH   SOLE   6,666 0 0
Leggett & Platt, Inc. COM 524660107 1,064 35,300 SH   SOLE   35,300 0 0
MBIA, Inc. COM 55262C100 113 11,005 SH   SOLE   11,005 0 0
Marathon Petroleum Corp COM 56585A102 314 4,875 SH   SOLE   4,875 0 0
Masco Corp COM 574599106 455 21,370 SH   SOLE   21,370 0 0
McDonalds Corp COM 580135101 1,277 13,277 SH   SOLE   13,277 0 0
Michael Kors Holdings Ltd COM g60754101 232 3,116 SH   SOLE   3,116 0 0
Microsoft Corp COM 594918104 248 7,443 SH   SOLE   7,443 0 0
Midcap Index COM 78467Y107 363 1,606 SH   SOLE   1,606 0 0
Mondelez International, Inc. COM 609207105 1,279 40,708 SH   SOLE   40,708 0 0
Moodys Corp COM 615369105 254 3,608 SH   SOLE   3,608 0 0
NEWMONT MINING CORP COM COM 651639106 379 13,500 SH   SOLE   13,500 0 0
National Oilwell, Inc. COM 637071101 393 5,036 SH   SOLE   5,036 0 0
Nordic American Tanker COM g65773106 199 24,200 SH   SOLE   24,200 0 0
Open Text Corp COM 683715106 344 4,610 SH   SOLE   4,610 0 0
Oracle Corporation COM 68389X105 772 23,283 SH   SOLE   23,283 0 0
Patriot Coal Corp COM 70336T104 2 15,000 SH   SOLE   15,000 0 0
Pepsico, Inc. COM 713448108 1,636 20,580 SH   SOLE   20,580 0 0
Perrigo Co COM 714290103 4,255 34,490 SH   SOLE   34,490 0 0
Pfizer, Inc. COM 717081103 1,249 43,498 SH   SOLE   43,498 0 0
Philip Morris Internation Inc COM 718172109 359 4,150 SH   SOLE   4,150 0 0
Phillips 66 COM 718546104 584 10,105 SH   SOLE   10,105 0 0
Potash Corp Sask COM 73755l107 885 28,285 SH   SOLE   28,285 0 0
PowerShares KBW Prem Yld REIT COM 73936q819 213 7,136 SH   SOLE   7,136 0 0
Procter & Gamble Co COM 742718109 2,021 26,734 SH   SOLE   26,734 0 0
Range Resources Corp COM 75281a109 214 2,821 SH   SOLE   2,821 0 0
Real Estate Investment Trust I COM 922908553 333 5,030 SH   SOLE   5,030 0 0
S E I Corp COM 784117103 869 28,100 SH   SOLE   28,100 0 0
S&P 500 Index COM 78462F103 981 5,840 SH   SOLE   5,840 0 0
SPDR Cons Staples Select COM 81369Y308 257 6,455 SH   SOLE   6,455 0 0
SPDR Energy Sel Select COM 81369Y506 1,304 15,726 SH   SOLE   15,726 0 0
SPDR Financial Select COM 81369Y605 2,402 120,670 SH   SOLE   120,670 0 0
SPDR Industrials Select COM 81369Y704 660 14,233 SH   SOLE   14,233 0 0
SPDR Materials Select COM 81369Y100 713 16,971 SH   SOLE   16,971 0 0
SPDR S&P Oil & Gas Eqmnt COM 78464A748 644 15,342 SH   SOLE   15,342 0 0
SPDR S&P Oil & Gas Exploration COM 78464A730 684 10,391 SH   SOLE   10,391 0 0
SPDR S&P Semicond ETF COM 78464A862 620 10,819 SH   SOLE   10,819 0 0
SPDR Select Technology COM 81369Y803 900 28,075 SH   SOLE   28,075 0 0
SPDR Utilities ETF COM 81369Y886 1,435 38,400 SH   SOLE   38,400 0 0
Sonoco Prods Co COM 835495102 445 11,421 SH   SOLE   11,421 0 0
Sotheby's COM 835898107 266 5,409 SH   SOLE   5,409 0 0
Southern Company COM 842587107 551 13,377 SH   SOLE   13,377 0 0
Spectra Energy Corp COM 847560109 507 14,816 SH   SOLE   14,816 0 0
Stanley Black and Decker COM 854502101 786 8,683 SH   SOLE   8,683 0 0
State Street Corp COM 857477103 312 4,741 SH   SOLE   4,741 0 0
SunEdison COM 86732Y109 94 11,800 SH   SOLE   11,800 0 0
SunTrust Bks Inc COM 867914103 359 11,060 SH   SOLE   11,060 0 0
TD Ameritrade Holding Corp COM 87236y108 287 10,955 SH   SOLE   10,955 0 0
Teva Pharmaceutical Indus COM 881624209 928 24,572 SH   SOLE   24,572 0 0
The Female Health Company COM 314462102 124 12,575 SH   SOLE   12,575 0 0
Thermo Fisher Scientific, Inc COM 883556102 676 7,335 SH   SOLE   7,335 0 0
Tupperware Brands Corp COM 899896104 368 4,265 SH   SOLE   4,265 0 0
Ultra Petroleum Corp COM 903914109 357 17,347 SH   SOLE   17,347 0 0
United Parcel Service Inc. COM 911312106 459 5,026 SH   SOLE   5,026 0 0
United Technologies COM 913017109 205 1,900 SH   SOLE   1,900 0 0
UnitedHealth Group Inc COM 91324P102 331 4,623 SH   SOLE   4,623 0 0
Vanguard Emer Mkts ETF COM 922042858 1,830 45,599 SH   SOLE   45,599 0 0
Vanguard Energy ETF COM 92204a306 227 1,900 SH   SOLE   1,900 0 0
Vanguard Info Tech ETF COM 92204A702 2,181 27,028 SH   SOLE   27,028 0 0
Vanguard Total Stock Market ET COM 922908769 3,392 38,699 SH   SOLE   38,699 0 0
Verizon Communications COM 92343V104 815 17,467 SH   SOLE   17,467 0 0
Vodafone Airtouch COM 92857W209 222 6,306 SH   SOLE   6,306 0 0
Watts Water Technologies Inc COM 942749102 2,209 39,190 SH   SOLE   39,190 0 0
Wells Fargo & Co COM 949746101 820 19,850 SH   SOLE   19,850 0 0
Wisdom Tree Em Mkt Scap Dv COM 97717W281 338 7,245 SH   SOLE   7,245 0 0
World Acceptance COM 981419104 4,271 47,499 SH   SOLE   47,499 0 0
iShares DJ US Real Estate COM 464287739 281 4,410 SH   SOLE   4,410 0 0
iShr DJ US Consumer Cyclical COM 464287580 894 8,134 SH   SOLE   8,134 0 0
UltraShort 20+ Year Treasury COM 74347B201 632 8,400 SH   SOLE   8,400 0 0
UltraShort Russell 2000 ProSha COM 74348a202 202 13,900 SH   SOLE   13,900 0 0
UltraShort S&P 500 Proshares COM 74347B300 452 12,355 SH   SOLE   12,355 0 0