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
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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 2,424 16,922 SH   SOLE   16,922 0 0
AT&T Corp COM 00206r102 1,301 36,789 SH   SOLE   36,789 0 0
ATP Oil & Gas Corp COM 00208J108 0 13,700 SH   SOLE   13,700 0 0
AbbVie Inc COM 00287y109 835 14,800 SH   SOLE   14,800 0 0
Abbott Labs COM 002824100 302 7,380 SH   SOLE   7,380 0 0
Alimera Sciences, Inc COM 016259103 212 35,450 SH   SOLE   35,450 0 0
Altria Group Inc. COM 02209S103 272 6,485 SH   SOLE   6,485 0 0
AmTrust Financial Services COM 032359309 349 8,349 SH   SOLE   8,349 0 0
Apple Computer, Inc. COM 037833100 3,582 38,550 SH   SOLE   38,550 0 0
Applied Materials COM 038222105 282 12,522 SH   SOLE   12,522 0 0
Atrion Corp COM 049904105 326 1,000 SH   SOLE   1,000 0 0
BB&T Corp COM 054937107 1,006 25,521 SH   SOLE   25,521 0 0
Baxter Intl Inc. COM 071813109 2,183 30,200 SH   SOLE   30,200 0 0
Blackstone Group LP COM 09253U108 361 10,800 SH   SOLE   10,800 0 0
Bristol Myers Squibb COM 110122108 418 8,610 SH   SOLE   8,610 0 0
CBL & Assoc Prop COM 124830100 245 12,876 SH   SOLE   12,876 0 0
CVS Corp COM 126650100 5,557 73,735 SH   SOLE   73,735 0 0
Cabela's Inc COM 126804301 241 3,870 SH   SOLE   3,870 0 0
Calypso Wireless COM 131720104 0 21,750 SH   SOLE   21,750 0 0
Canadian Natural Resources Ltd COM 136385101 367 8,000 SH   SOLE   8,000 0 0
CarMax, Inc COM 143130102 417 8,020 SH   SOLE   8,020 0 0
Cardinal Health, Inc. COM 14149Y108 482 7,033 SH   SOLE   7,033 0 0
Caterpillar COM 149123101 544 5,005 SH   SOLE   5,005 0 0
ChevronTexaco Corporation COM 166764100 1,066 8,167 SH   SOLE   8,167 0 0
Cincinnati Finl COM 172062101 1,501 31,235 SH   SOLE   31,235 0 0
Cisco Systems, Inc. COM 17275R102 1,848 74,357 SH   SOLE   74,357 0 0
Citigroup Inc New COM 172967424 313 6,642 SH   SOLE   6,642 0 0
Clorox Company COM 189054109 553 6,050 SH   SOLE   6,050 0 0
Coca Cola COM 191216100 2,003 47,286 SH   SOLE   47,286 0 0
Coca Cola Enterprise COM 191219104 249 5,220 SH   SOLE   5,220 0 0
Compuware Corp COM 205638109 223 22,305 SH   SOLE   22,305 0 0
ConocoPhillips COM 20825C104 1,758 20,504 SH   SOLE   20,504 0 0
CorEnergy Infrastructure Trust COM 21870U205 130 17,525 SH   SOLE   17,525 0 0
Cornerstone Community Bank COM 218924108 87 34,714 SH   SOLE   34,714 0 0
Costco Wholesale Corp COM 22160K105 652 5,663 SH   SOLE   5,663 0 0
Danaher Corp COM 235851102 3,539 44,949 SH   SOLE   44,949 0 0
Darden Restaurants, Inc. COM 237194105 490 10,580 SH   SOLE   10,580 0 0
Delta Air Lines Inc New COM 247361702 407 10,500 SH   SOLE   10,500 0 0
Dentsply Intn'l. COM 249030107 2,783 58,767 SH   SOLE   58,767 0 0
Diamond Offshore Drilling, Inc COM 25271c102 397 8,000 SH   SOLE   8,000 0 0
Dollar Tree, Inc COM 256746108 1,407 25,843 SH   SOLE   25,843 0 0
Dover Corp COM 260003108 2,870 31,556 SH   SOLE   31,556 0 0
Dow 30 COM 78467x109 2,199 13,100 SH   SOLE   13,100 0 0
DuPont COM 263534109 2,247 34,332 SH   SOLE   34,332 0 0
Duke Energy Corp COM 26441C204 309 4,165 SH   SOLE   4,165 0 0
Earthlink Inc. Com COM 27033x101 63 17,000 SH   SOLE   17,000 0 0
Emerson Electric Co COM 291011104 1,489 22,440 SH   SOLE   22,440 0 0
Enbridge Energy COM 29250R106 236 6,390 SH   SOLE   6,390 0 0
Express Scripts Inc COM 30219G108 268 3,870 SH   SOLE   3,870 0 0
Extendicare COM 30224t863 221 32,010 SH   SOLE   32,010 0 0
Exxon Mobil Corp COM 30231G102 813 8,077 SH   SOLE   8,077 0 0
Facebook Inc. COM 30303m102 1,058 15,727 SH   SOLE   15,727 0 0
First Bancorp NC COM 318910110 738 40,230 SH   SOLE   40,230 0 0
First Financial Northwest COM 32022K102 212 19,497 SH   SOLE   19,497 0 0
Ford Mtr Co COM 345370860 1,283 74,394 SH   SOLE   74,394 0 0
Freeport-McMoRan Copper & Gold COM 35671D857 232 6,361 SH   SOLE   6,361 0 0
General Electric Co COM 369604103 2,090 79,543 SH   SOLE   79,543 0 0
General Motors Corp COM 37045v100 421 11,605 SH   SOLE   11,605 0 0
GlaxoSmithKline PLC COM 37733w105 474 8,867 SH   SOLE   8,867 0 0
Goldman Sachs Group Inc COM 38141G104 269 1,609 SH   SOLE   1,609 0 0
Greenville Nat'l Bank COM 396242109 237 1,500 SH   SOLE   1,500 0 0
Group 1 Automotive, Inc COM 398905109 632 7,500 SH   SOLE   7,500 0 0
Halliburton Co COM 406216101 330 4,645 SH   SOLE   4,645 0 0
Heilig Meyers Co COM 422893107 0 10,562 SH   SOLE   10,562 0 0
Home Depot, Inc. COM 437076102 3,141 38,796 SH   SOLE   38,796 0 0
Honeywell Intl Inc COM 438516106 839 9,021 SH   SOLE   9,021 0 0
I B M COM 459200101 2,110 11,642 SH   SOLE   11,642 0 0
IShr MSCI Emerg Mkts ETF COM 464287234 644 14,892 SH   SOLE   14,892 0 0
Infinera Corporation COM 45667g103 108 11,700 SH   SOLE   11,700 0 0
Intel Corp COM 458140100 2,585 83,671 SH   SOLE   83,671 0 0
International Paper COM 460146103 646 12,800 SH   SOLE   12,800 0 0
Investors Title Company COM 461804106 448 6,649 SH   SOLE   6,649 0 0
Isle of Capir Casinos Inc COM 464592104 308 36,000 SH   SOLE   36,000 0 0
J.P. Morgan & Co, Inc. COM 46625H100 747 12,962 SH   SOLE   12,962 0 0
JPMorgan MLP Index COM 46625H365 1,334 25,465 SH   SOLE   25,465 0 0
Johnson & Johnson COM 478160104 3,384 32,346 SH   SOLE   32,346 0 0
Johnson Controls Inc. COM 478366107 1,512 30,280 SH   SOLE   30,280 0 0
KeyCorp COM 493267108 203 14,161 SH   SOLE   14,161 0 0
Kimberly Clark Corp COM 494368103 1,282 11,530 SH   SOLE   11,530 0 0
Kinder Morgan Energy Partners COM 494550106 430 5,228 SH   SOLE   5,228 0 0
Kinder Morgan Inc. Cl P COM 49456b101 333 9,185 SH   SOLE   9,185 0 0
Knowles Corporation COM 49926d109 465 15,128 SH   SOLE   15,128 0 0
Kraft Foods Group, Inc. COM 50076Q106 1,705 28,434 SH   SOLE   28,434 0 0
L-3 Communications Hldgs Inc COM 502424104 769 6,366 SH   SOLE   6,366 0 0
LeapFrog Enterprises COM 52186N106 113 15,370 SH   SOLE   15,370 0 0
Leggett & Platt, Inc. COM 524660107 1,174 34,250 SH   SOLE   34,250 0 0
MBIA, Inc. COM 55262C100 116 10,505 SH   SOLE   10,505 0 0
Masco Corp COM 574599106 446 20,070 SH   SOLE   20,070 0 0
McDonalds Corp COM 580135101 1,319 13,097 SH   SOLE   13,097 0 0
Microsoft Corp COM 594918104 312 7,472 SH   SOLE   7,472 0 0
Midcap Index COM 78467Y107 418 1,606 SH   SOLE   1,606 0 0
Molina Healthcare, Inc. COM 60855r100 209 4,684 SH   SOLE   4,684 0 0
Mondelez International, Inc. COM 609207105 1,510 40,152 SH   SOLE   40,152 0 0
Moodys Corp COM 615369105 316 3,608 SH   SOLE   3,608 0 0
NEWMONT MINING CORP COM COM 651639106 435 17,085 SH   SOLE   17,085 0 0
National Oilwell, Inc. COM 637071101 321 3,904 SH   SOLE   3,904 0 0
NetEase, Inc. ADS COM 64110w102 212 2,700 SH   SOLE   2,700 0 0
ON Semiconductor Corp COM 682189105 95 10,350 SH   SOLE   10,350 0 0
Office Depot COM 676220106 127 22,290 SH   SOLE   22,290 0 0
Pepsico, Inc. COM 713448108 1,838 20,571 SH   SOLE   20,571 0 0
Perrigo COM g97822103 4,860 33,340 SH   SOLE   33,340 0 0
Pfizer, Inc. COM 717081103 1,230 41,426 SH   SOLE   41,426 0 0
Philip Morris Internation Inc COM 718172109 353 4,182 SH   SOLE   4,182 0 0
Phillips 66 COM 718546104 489 6,080 SH   SOLE   6,080 0 0
Potash Corp Sask COM 73755l107 403 10,618 SH   SOLE   10,618 0 0
Procter & Gamble Co COM 742718109 2,249 28,621 SH   SOLE   28,621 0 0
QualComm Inc COM 747525103 426 5,378 SH   SOLE   5,378 0 0
Real Estate Investment Trust I COM 922908553 413 5,519 SH   SOLE   5,519 0 0
S E I Corp COM 784117103 903 27,560 SH   SOLE   27,560 0 0
S&P 500 Index COM 78462F103 1,373 7,015 SH   SOLE   7,015 0 0
SPDR Cons Staples Select COM 81369Y308 288 6,455 SH   SOLE   6,455 0 0
SPDR Energy Sel Select COM 81369Y506 1,570 15,688 SH   SOLE   15,688 0 0
SPDR Financial Select COM 81369Y605 2,761 121,435 SH   SOLE   121,435 0 0
SPDR Gold Trust COM 78463v107 243 1,899 SH   SOLE   1,899 0 0
SPDR Health Care Slct COM 81369y209 216 3,555 SH   SOLE   3,555 0 0
SPDR Industrials Select COM 81369Y704 637 11,788 SH   SOLE   11,788 0 0
SPDR Materials Select COM 81369Y100 831 16,738 SH   SOLE   16,738 0 0
SPDR S&P Oil & Gas Eqmnt COM 78464A748 741 15,037 SH   SOLE   15,037 0 0
SPDR S&P Oil & Gas Exploration COM 78464A730 834 10,141 SH   SOLE   10,141 0 0
SPDR S&P Semicond ETF COM 78464A862 813 10,819 SH   SOLE   10,819 0 0
SPDR Select Technology COM 81369Y803 789 20,565 SH   SOLE   20,565 0 0
SPDR Utilities ETF COM 81369Y886 2,203 49,765 SH   SOLE   49,765 0 0
Schlumberger Ltd COM 806857108 410 3,480 SH   SOLE   3,480 0 0
Sonoco Prods Co COM 835495102 484 11,021 SH   SOLE   11,021 0 0
South State Corp COM 840441109 1,201 19,683 SH   SOLE   19,683 0 0
Southern Company COM 842587107 244 5,380 SH   SOLE   5,380 0 0
Spectra Energy Corp COM 847560109 703 16,553 SH   SOLE   16,553 0 0
Standard Pacific Corp COM 85375c101 90 10,500 SH   SOLE   10,500 0 0
Stanley Black and Decker COM 854502101 740 8,428 SH   SOLE   8,428 0 0
Starbucks Cp COM 855244109 205 2,645 SH   SOLE   2,645 0 0
State Street Corp COM 857477103 314 4,667 SH   SOLE   4,667 0 0
SunEdison COM 86732Y109 258 11,400 SH   SOLE   11,400 0 0
SunTrust Bks Inc COM 867914103 327 8,160 SH   SOLE   8,160 0 0
Teva Pharmaceutical Indus COM 881624209 1,185 22,612 SH   SOLE   22,612 0 0
The Female Health Company COM 314462102 139 25,250 SH   SOLE   25,250 0 0
Thermo Fisher Scientific, Inc COM 883556102 866 7,335 SH   SOLE   7,335 0 0
Ultra Petroleum Corp COM 903914109 465 15,647 SH   SOLE   15,647 0 0
United Technologies COM 913017109 219 1,900 SH   SOLE   1,900 0 0
UnitedHealth Group Inc COM 91324P102 1,273 15,573 SH   SOLE   15,573 0 0
Vanguard Emer Mkts ETF COM 922042858 2,013 46,664 SH   SOLE   46,664 0 0
Vanguard Energy ETF COM 92204a306 274 1,900 SH   SOLE   1,900 0 0
Vanguard Info Tech ETF COM 92204A702 2,606 26,928 SH   SOLE   26,928 0 0
Vanguard MSCI Europe ETF COM 922042874 368 6,140 SH   SOLE   6,140 0 0
Vanguard Total Stock Market ET COM 922908769 4,294 42,189 SH   SOLE   42,189 0 0
Verizon Communications COM 92343v104 1,405 28,723 SH   SOLE   28,723 0 0
Watts Water Technologies Inc COM 942749102 2,382 38,590 SH   SOLE   38,590 0 0
WellPoint Health Networks COM 94973V107 561 5,210 SH   SOLE   5,210 0 0
Wells Fargo & Co COM 949746101 1,054 20,061 SH   SOLE   20,061 0 0
World Acceptance COM 981419104 3,525 46,400 SH   SOLE   46,400 0 0
eBay Inc COM 278642103 393 7,850 SH   SOLE   7,850 0 0
iShares DJ US Real Estate COM 464287739 317 4,410 SH   SOLE   4,410 0 0
iShr DJ US Consumer Cyclical COM 464287580 952 7,709 SH   SOLE   7,709 0 0
PowerShares S& P Smallcap Util COM 73937b837 387 10,459 SH   SOLE   10,459 0 0
ProShares Short 20+ Year Treas COM 74347X849 332 11,535 SH   SOLE   11,535 0 0
Short Dow30 ProShares COM 74347R701 406 16,080 SH   SOLE   16,080 0 0
Short S&P 500 ProShares COM 74347R503 341 14,600 SH   SOLE   14,600 0 0
UltraShort 20+ Year Treasury COM 74347B201 1,145 18,853 SH   SOLE   18,853 0 0
UltraShort S&P 500 Proshares COM 74347B300 483 18,975 SH   SOLE   18,975 0 0
iPath S&P 500 VIX Short Term COM 06742e711 435 15,201 SH   SOLE   15,201 0 0