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 Co COM 88579Y101 3,681 17,467 SH   SOLE   0 0 17,467
Aetna Inc COM 00817Y108 2,345 11,561 SH   SOLE   0 0 11,561
Alexandria Real COM 015271109 233 1,850 SH   DFND   1,850 0 0
Allegiance Bancshares Inc COM 01748H107 222 5,334 SH   SOLE   0 0 5,334
Allstate Corp COM 020002101 2,234 22,638 SH   SOLE   0 0 22,638
American Tower-A COM 03027X100 363 2,500 SH   DFND   2,500 0 0
Amgen Inc COM 031162100 3,720 17,946 SH   SOLE   0 0 17,946
Annaly Capital M COM 035710409 135 13,200 SH   DFND   13,200 0 0
Apple Inc COM 037833100 596 2,642 SH   SOLE   0 0 2,642
Apple Inc COM 037833100 677 3,000 SH   DFND   3,000 0 0
Artesian Resource Corp COM 043113208 3,096 84,189 SH   SOLE   0 0 84,189
Astrazeneca-Adr ADR 046353108 317 8,000 SH   DFND   8,000 0 0
At&T Inc COM 00206R102 206 6,127 SH   SOLE   0 0 6,127
Automatic Data Processing COM 053015103 223 1,483 SH   SOLE   0 0 1,483
Avalonbay Commun COM 053484101 236 1,300 SH   DFND   1,300 0 0
Banco Santan-Adr ADR 05964H105 100 20,000 SH   DFND   20,000 0 0
Bank Of America Corporation COM 060505104 530 17,988 SH   SOLE   0 0 17,988
Beasley Broadcast Grp Inc COM 074014101 152 22,000 SH   DFND   22,000 0 0
Blackrock Intern L Grth & Inc Common ADR 092524107 2,925 510,414 SH   SOLE   0 0 510,414
Blackrock Muniyield Qty Iii COM 09254E103 1,013 83,847 SH   SOLE   0 0 83,847
Blue Capital Reisurance COM G1190F107 143 14,000 SH   DFND   14,000 0 0
Bp Plc-Adr ADR 055622104 599 12,999 SH   DFND   12,999 0 0
Briggs & Strattn COM 109043109 192 10,000 SH   DFND   10,000 0 0
Chase Corp COM 16150R104 6,398 53,249 SH   SOLE   0 0 53,249
Chevron Corp COM 166764100 306 2,500 SH   DFND   2,500 0 0
Cimarex Energy Co COM 171798101 2,966 31,909 SH   SOLE   0 0 31,909
Coca-Cola Co COM 191216100 362 7,838 SH   SOLE   0 0 7,838
Compania Cervecerias -Adr ADR 204429104 402 14,401 SH   DFND   14,401 0 0
Consumer Discret Sel Sect Spdr Etf COM 81369Y407 4,786 40,831 SH   SOLE   0 0 40,831
Consumer Staples Select Sector SpdrA Etf COM 81369Y308 3,393 62,916 SH   SOLE   0 0 62,916
Covanta Holding Corp COM 22282E102 2,535 155,983 SH   SOLE   0 0 155,983
Crown Castle Int COM 22822V101 223 2,000 SH   DFND   2,000 0 0
Csx Corp COM 126408103 4,807 64,920 SH   SOLE   0 0 64,920
Cvs Health Corp COM 126650100 752 9,551 SH   SOLE   0 0 9,551
Diageo Plc-Adr ADR 25243Q205 397 2,800 SH   DFND   2,800 0 0
Digital Realty COM 253868103 241 2,141 SH   DFND   2,141 0 0
Energy Select Sector Spdr Etf COM 81369Y506 2,940 38,816 SH   SOLE   0 0 38,816
Enterprise Products Partners Lp COM 293792107 2,006 69,820 SH   SOLE   0 0 69,820
Essex Property COM 297178105 222 900 SH   DFND   900 0 0
Everest Re Group Ltd ADR G3223R108 2,800 12,257 SH   SOLE   0 0 12,257
Extra Space Stor COM 30225T102 217 2,500 SH   DFND   2,500 0 0
Exxon Mobil Corporation COM 30231G102 2,312 27,196 SH   SOLE   0 0 27,196
F N B Corp ADR 302520101 928 72,922 SH   SOLE   0 0 72,922
Genesee & Wyomin COM 371559105 205 2,250 SH   DFND   2,250 0 0
Glaxosmithkl-Adr COM 37733W105 261 6,500 SH   DFND   6,500 0 0
Gold Fields-Adr COM 38059T106 24 10,000 SH   DFND   10,000 0 0
Goldman Sachs Activebeta Intl Eq Etf COM 381430107 6,837 231,301 SH   SOLE   0 0 231,301
Goldman Sachs Activebeta Us Lgcp Eq Etf COM 381430503 2,067 35,177 SH   SOLE   0 0 35,177
Group 1 Automoti COM 398905109 260 4,000 SH   DFND   4,000 0 0
Grupo Aeroportuario - Adr COM 40051E202 267 1,300 SH   DFND   1,300 0 0
Grupo Televisa - Adr COM 40049J206 266 15,000 SH   DFND   15,000 0 0
Halliburton Co COM 406216101 243 6,000 SH   DFND   6,000 0 0
Hdfc Bank Ltd - Adr COM 40415F101 376 4,000 SH   DFND   4,000 0 0
Ing Groep-Adr COM 456837103 130 10,000 SH   DFND   10,000 0 0
Ingles Markets Inc COM 457030104 2,983 87,105 SH   SOLE   0 0 87,105
Inseego Corp COM 45782B104 46 12,000 SH   SOLE   0 0 12,000
Intercontinental Hotels COM 45857P707 271 4,319 SH   DFND   4,319 0 0
International Business Machines Corp COM 459200101 214 1,417 SH   SOLE   0 0 1,417
Invesco Bulletshares 2023 Hy Corp Bd Etf COM 46138J858 440 16,775 SH   SOLE   0 0 16,775
Invesco China Real Estate COM 46138E602 224 8,500 SH   DFND   8,500 0 0
Invesco Muni Opps. Trust Common COM 46132C107 953 83,282 SH   SOLE   0 0 83,282
Invesco S&P 500 Eq Weight Hc Etf ADR 46137V332 4,357 21,141 SH   SOLE   0 0 21,141
Invesco S&P 500 Equal Weight Etf COM 46137V357 3,701 34,646 SH   SOLE   0 0 34,646
Invesco S&P Global Water Index Etf COM 46138E263 2,028 58,129 SH   SOLE   0 0 58,129
Iron Mountain Inc. COM 46284V101 249 7,200 SH   DFND   7,200 0 0
Ishares 0-5 Year High Yield Corp Bd COM 46434V407 2,625 55,752 SH   SOLE   0 0 55,752
Ishares Cali Amt-Free Muni Bond COM 464288356 538 9,276 SH   SOLE   0 0 9,276
Ishares Cohen & Steers Reit COM 464287564 2,466 24,639 SH   SOLE   0 0 24,639
Ishares Core S&P Mid-Cap COM 464287507 4,309 21,407 SH   SOLE   0 0 21,407
Ishares Core Us Aggregate Bond COM 464287226 1,117 10,590 SH   SOLE   0 0 10,590
Ishares Floating Rate Bond COM 46429B655 6,095 119,465 SH   SOLE   0 0 119,465
Ishares Global Healthcare COM 464287325 3,663 58,167 SH   SOLE   0 0 58,167
Ishares Global Tech Etf ADR 464287291 1,937 11,060 SH   SOLE   0 0 11,060
Ishares Iboxx $ Invst Grade Crp Bond ADR 464287242 1,657 14,414 SH   SOLE   0 0 14,414
Ishares Mbs COM 464288588 1,047 10,130 SH   SOLE   0 0 10,130
Ishares Msci Eafe COM 464287465 1,066 15,675 SH   SOLE   0 0 15,675
Ishares Msci Eafe Small-Cap COM 464288273 4,117 66,111 SH   SOLE   0 0 66,111
Ishares Msci Emu ADR 464286608 3,414 83,253 SH   SOLE   0 0 83,253
Ishares Msci Japan ADR 46434G822 1,489 24,730 SH   SOLE   0 0 24,730
Ishares National Amt-Free Muni Bond COM 464288414 1,389 12,870 SH   SOLE   0 0 12,870
Ishares Russell 1000 ADR 464287622 3,201 19,794 SH   SOLE   0 0 19,794
Ishares Russell 2000 ADR 464287655 1,184 7,024 SH   SOLE   0 0 7,024
Ishares Russell Mid-Cap COM 464287499 2,252 10,214 SH   SOLE   0 0 10,214
Ishares Select Dividend COM 464287168 3,509 35,179 SH   SOLE   0 0 35,179
Ishares Short-Term National Muni Bond COM 464288158 676 6,450 SH   SOLE   0 0 6,450
James Hardie Ind Plc Adr COM 47030M106 382 25,000 SH   DFND   25,000 0 0
Jh Financial Opportunities Common COM 409735206 3,656 98,816 SH   SOLE   0 0 98,816
Jhancock Multifactor Large Cap Etf COM 47804J107 1,022 27,249 SH   SOLE   0 0 27,249
Johnson & Johnson COM 478160104 2,665 19,290 SH   SOLE   0 0 19,290
Kvh Industries COM 482738101 393 30,000 SH   DFND   30,000 0 0
Lennox Intl Inc COM 526107107 371 1,700 SH   DFND   1,700 0 0
Lowe S Companies Inc COM 548661107 2,501 21,779 SH   SOLE   0 0 21,779
Lowe'S Cos Inc COM 548661107 299 2,600 SH   DFND   2,600 0 0
Metlife Inc COM 59156R108 1,609 34,450 SH   SOLE   0 0 34,450
Microsoft Corp COM 594918104 229 2,000 SH   SOLE   0 0 2,000
Miller Ind Inc/Tenn COM 600551204 484 18,000 SH   DFND   18,000 0 0
National Western Life Insurance COM 638517102 3,460 10,838 SH   SOLE   0 0 10,838
Netapp Inc COM 64110D104 773 9,000 SH   DFND   9,000 0 0
Nice Systems-Adr ADR 653656108 630 5,500 SH   DFND   5,500 0 0
Norfolk Southern ADR 655844108 632 3,500 SH   DFND   3,500 0 0
Novartis Ag COM 66987V109 2,033 23,595 SH   SOLE   0 0 23,595
Nuveen Intermediate Duration Muni Term COM 670671106 1,490 119,322 SH   SOLE   0 0 119,322
Old Republic International Corp COM 680223104 1,491 66,629 SH   SOLE   0 0 66,629
Orbcomm Inc COM 68555P100 109 10,000 SH   DFND   10,000 0 0
Pearson Plc COM 705015105 230 20,000 SH   DFND   20,000 0 0
Phillips 66 Com COM 718546104 1,797 15,941 SH   SOLE   0 0 15,941
Pimco Enhanced Short Maturity Etf COM 72201R833 6,227 61,278 SH   SOLE   0 0 61,278
Powershrs Bulletshares 2018 Corp Etf COM 46138J106 653 30,873 SH   SOLE   0 0 30,873
Powershrs Bulletshares 2018 Hy Corp Etf COM 46138J205 4,816 191,662 SH   SOLE   0 0 191,662
Powershrs Bulletshares 2019 Corp Etf COM 46138J304 4,451 211,128 SH   SOLE   0 0 211,128
Powershrs Bulletshares 2019 Hy Corp Etf COM 46138J403 295 12,140 SH   SOLE   0 0 12,140
Powershrs Bulletshares 2020 Corp Etf COM 46138J502 5,211 247,199 SH   SOLE   0 0 247,199
Powershrs Bulletshares 2021 Corp Etf COM 46138J700 4,367 210,563 SH   SOLE   0 0 210,563
Powershrs Bulletshares 2022 Corp Etf COM 46138J882 1,839 89,053 SH   SOLE   0 0 89,053
Powershrs Bulletshares 2022 Hy Corp Etf COM 46138J874 3,629 147,240 SH   SOLE   0 0 147,240
Procter & Gamble COM 742718109 291 3,500 SH   DFND   3,500 0 0
Qualcomm Inc COM 747525103 368 5,105 SH   SOLE   0 0 5,105
Regions Financial Corp COM 7591EP100 330 18,000 SH   DFND   18,000 0 0
Rgc Resources COM 74955L103 915 34,269 SH   SOLE   0 0 34,269
Royce Micro Cap Trust Common COM 780915104 3,402 333,172 SH   SOLE   0 0 333,172
Royce Value Trust Common COM 780910105 179 10,954 SH   SOLE   0 0 10,954
Ryman Hospitality Prop COM 78377T107 261 3,024 SH   DFND   3,024 0 0
Sba Communications Corp COM 78410G104 321 2,000 SH   DFND   2,000 0 0
Schwab Emerging Markets Equity Etf COM 808524706 270 10,496 SH   SOLE   0 0 10,496
Schwab Fundamental Us Large Company Etf ADR 808524771 1,951 49,176 SH   SOLE   0 0 49,176
Schwab International Equity Etf COM 808524805 1,189 35,461 SH   SOLE   0 0 35,461
Schwab Us Aggregate Bond Etf COM 808524839 2,541 50,558 SH   SOLE   0 0 50,558
Schwab Us Mid-Cap Etf COM 808524508 1,442 24,937 SH   SOLE   0 0 24,937
Schwab Us Small-Cap Etf COM 808524607 1,406 18,463 SH   SOLE   0 0 18,463
Skyworks Solutio COM 83088M102 363 4,000 SH   DFND   4,000 0 0
Sl Green Realty COM 78440X101 265 2,720 SH   DFND   2,720 0 0
Sony Corp Adr ADR 835699307 303 5,000 SH   DFND   5,000 0 0
Spdr Blmbg Barclays St Corp Bd Etf COM 78464A474 5,573 184,646 SH   SOLE   0 0 184,646
Spdr S&P Midcap 400 Etf COM 78467Y107 507 1,380 SH   SOLE   0 0 1,380
Store Capital COM 862121100 211 7,600 SH   DFND   7,600 0 0
Stryker Corporation COM 863667101 2,894 16,287 SH   SOLE   0 0 16,287
Texas Instruments Inc COM 882508104 268 2,500 SH   SOLE   0 0 2,500
Thermo Fisher COM 883556102 488 2,000 SH   DFND   2,000 0 0
Twenty-First Century Fox Inc COM 90130A101 546 11,788 SH   SOLE   0 0 11,788
Tyson Foods Inc COM 902494103 1,272 21,362 SH   SOLE   0 0 21,362
Udr Inc COM 902653104 402 9,951 SH   SOLE   0 0 9,951
Unilever Nv-Nys COM 904784709 500 9,000 SH   DFND   9,000 0 0
United Therapeut COM 91307C102 352 2,750 SH   DFND   2,750 0 0
Valmont Industries Inc COM 920253101 3,257 23,514 SH   SOLE   0 0 23,514
Vanguard Energy Etf COM 92204A306 224 2,130 SH   SOLE   0 0 2,130
Vanguard Ftse Developed Markets Etf COM 921943858 8,147 188,288 SH   SOLE   0 0 188,288
Vanguard Ftse Emerging Markets Etf ADR 922042858 883 21,527 SH   SOLE   0 0 21,527
Vanguard High Dividend Yield Etf COM 921946406 841 9,653 SH   SOLE   0 0 9,653
Vanguard Information Technology Etf COM 92204A702 8,857 43,724 SH   SOLE   0 0 43,724
Vanguard S&P 500 Etf COM 922908363 350 1,310 SH   SOLE   0 0 1,310
Vanguard Short-Term Corporate Bond Etf COM 92206C409 403 5,155 SH   SOLE   0 0 5,155
Visa Inc Class A COM 92826C839 291 1,939 SH   SOLE   0 0 1,939
Voya Asia Pacific High Dividend Eq Inc COM 92912J102 1,469 153,998 SH   SOLE   0 0 153,998
Voya Financial Inc COM 929089100 2,462 49,565 SH   SOLE   0 0 49,565
Wells Fargo & Co COM 949746101 219 4,161 SH   DFND   4,161 0 0
Western Asset Glb Corp Def Opp Common COM 95790C107 4,261 263,023 SH   SOLE   0 0 263,023
Western Asset High Income Opp COM 95766K109 4,466 938,323 SH   SOLE   0 0 938,323
Williams Companies Inc COM 969457100 1,335 49,110 SH   SOLE   0 0 49,110
Wp Carey Inc COM 92936U109 287 4,470 SH   DFND   4,470 0 0
Wpx Energy Inc COM 98212B103 462 22,944 SH   SOLE   0 0 22,944