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 3,304 17,343 SH   SOLE   0 0 17,343
Alexandria Real COM 015271109 213 1,850 SH   DFND   1,850 0 0
Allegiance Bancshares Inc COM 01748H107 173 5,334 SH   SOLE   0 0 5,334
Allstate Corp COM 020002101 1,866 22,578 SH   SOLE   0 0 22,578
Amazon.com Inc COM 023135106 132 88 SH   SOLE   0 0 88
American Business Bank COM 02475L105 392 12,427 SH   SOLE   0 0 12,427
American Tower-A COM 03027X100 395 2,500 SH   DFND   2,500 0 0
Amgen Inc COM 031162100 3,475 17,850 SH   SOLE   0 0 17,850
Annaly Capital M COM 035710409 130 13,200 SH   DFND   13,200 0 0
Apple Inc COM 037833100 417 2,643 SH   SOLE   0 0 2,643
Apple Inc COM 037833100 473 3,000 SH   DFND   3,000 0 0
Arkema Sa - Adr ADR 041232109 351 4,130 SH   DFND   4,130 0 0
Artesian Resource Corp COM 043113208 2,929 83,998 SH   SOLE   0 0 83,998
Astrazeneca-Adr ADR 046353108 304 8,000 SH   DFND   8,000 0 0
AT&T Inc COM 00206R102 177 6,198 SH   SOLE   0 0 6,198
Automatic Data Processing COM 053015103 194 1,483 SH   SOLE   0 0 1,483
Avalonbay Commun COM 053484101 226 1,300 SH   DFND   1,300 0 0
Banco Santan-Adr ADR 05964H105 90 20,162 SH   DFND   20,162 0 0
Bank of America Corporation COM 060505104 443 17,988 SH   SOLE   0 0 17,988
Beasley Broadcast Grp Inc COM 074014101 83 22,000 SH   DFND   22,000 0 0
BlackRock Intern l Grth & Inc Common COM 092524107 2,308 463,489 SH   SOLE   0 0 463,489
Blue Capital Reisurance COM G1190F107 77 14,000 SH   DFND   14,000 0 0
Boston Propertie COM 101121101 163 1,450 SH   DFND   1,450 0 0
Bp Plc-Adr ADR 055622104 500 13,195 SH   DFND   13,195 0 0
Bridgestone Corp Adr ADR 108441205 365 19,000 SH   DFND   19,000 0 0
Briggs & Strattn COM 109043109 131 10,000 SH   DFND   10,000 0 0
Bushveld Minerals Ltd Ord Gbp COM G1340T106 72 148,261 SH   SOLE   0 0 148,261
Cal-Maine Foods COM 128030202 127 3,000 SH   DFND   3,000 0 0
Chase Corp COM 16150R104 5,288 52,853 SH   SOLE   0 0 52,853
Chevron Corp COM 166764100 272 2,500 SH   DFND   2,500 0 0
Cimarex Energy Co COM 171798101 1,881 30,505 SH   SOLE   0 0 30,505
Coca-Cola Co COM 191216100 371 7,838 SH   SOLE   0 0 7,838
Compania Cervecerias -Adr ADR 204429104 362 14,401 SH   DFND   14,401 0 0
Connectone Bancorp Inc COM 20786W107 124 6,700 SH   DFND   6,700 0 0
ConocoPhillips COM 20825C104 140 2,245 SH   SOLE   0 0 2,245
Consumer Discret Sel Sect SPDR(R) ETF COM 81369Y407 4,014 40,540 SH   SOLE   0 0 40,540
Consumer Staples Select Sector SPDR(R) ETF COM 81369Y308 3,138 61,787 SH   SOLE   0 0 61,787
Covanta Holding Corp COM 22282E102 2,102 156,645 SH   SOLE   0 0 156,645
Crown Castle Int COM 22822V101 217 2,000 SH   DFND   2,000 0 0
CSX Corp COM 126408103 4,025 64,777 SH   SOLE   0 0 64,777
CVS Health Corp COM 126650100 1,245 19,003 SH   SOLE   0 0 19,003
Danske Bank A/S - Adr ADR 236363206 150 15,000 SH   DFND   15,000 0 0
Dentsply Sirona Inc COM 24906P109 186 5,000 SH   DFND   5,000 0 0
Diageo Plc-Adr ADR 25243Q205 397 2,800 SH   DFND   2,800 0 0
Digital Realty COM 253868103 228 2,141 SH   DFND   2,141 0 0
Douglas Emmett COM 25960P109 102 3,000 SH   DFND   3,000 0 0
Dowdupont Inc COM 26078J100 108 2,014 SH   SOLE   0 0 2,014
Duke Energy Corporation COM 26441C204 195 2,254 SH   SOLE   0 0 2,254
Eastgroup Prop COM 277276101 110 1,200 SH   DFND   1,200 0 0
Electronic Arts COM 285512109 158 2,000 SH   DFND   2,000 0 0
Energy Select Sector SPDR(R) ETF COM 81369Y506 2,205 38,446 SH   SOLE   0 0 38,446
Enterprise Products Partners LP COM 293792107 1,706 69,387 SH   SOLE   0 0 69,387
Essex Property COM 297178105 221 900 SH   DFND   900 0 0
Everest Re Group Ltd COM G3223R108 2,681 12,311 SH   SOLE   0 0 12,311
Extra Space Stor COM 30225T102 226 2,500 SH   DFND   2,500 0 0
Exxon Mobil Corporation COM 30231G102 1,846 27,072 SH   SOLE   0 0 27,072
F N B Corp COM 302520101 711 72,205 SH   SOLE   0 0 72,205
First Financial Bankshares Inc COM 32020R109 130 2,252 SH   SOLE   0 0 2,252
First Seismic Corp COM 336397104 6 101,267 SH   SOLE   0 0 101,267
Fs Bancorp Inc COM 30263Y104 120 2,791 SH   DFND   2,791 0 0
Genesee & Wyomin COM 371559105 167 2,250 SH   DFND   2,250 0 0
Gjensidige Forsikring ADR 37636X101 311 20,000 SH   DFND   20,000 0 0
Gladstone Land Corp COM 376549101 111 9,700 SH   DFND   9,700 0 0
Glaxosmithkl-Adr ADR 37733W105 248 6,500 SH   DFND   6,500 0 0
Global Self Storage Inc COM 37955N106 102 26,000 SH   DFND   26,000 0 0
Gold Fields-Adr ADR 38059T106 35 10,000 SH   DFND   10,000 0 0
Goldman Sachs ActiveBeta(R) Intl Eq ETF COM 381430107 5,764 227,289 SH   SOLE   0 0 227,289
Goldman Sachs ActiveBeta(R) US LgCp Eq ETF COM 381430503 1,810 35,997 SH   SOLE   0 0 35,997
Granite Point Mortgage COM 38741L107 216 12,000 SH   DFND   12,000 0 0
Group 1 Automoti COM 398905109 211 4,000 SH   DFND   4,000 0 0
Grupo Aeroportuario - Adr ADR 40051E202 196 1,300 SH   DFND   1,300 0 0
Grupo Televisa - Adr ADR 40049J206 189 15,000 SH   DFND   15,000 0 0
Halliburton Co COM 406216101 159 6,000 SH   DFND   6,000 0 0
Hannon Armstrong COM 41068X100 145 7,600 SH   DFND   7,600 0 0
Harleysville Financial COM 41284E100 202 8,675 SH   DFND   8,675 0 0
Hdfc Bank Ltd - Adr ADR 40415F101 414 4,000 SH   DFND   4,000 0 0
Host Hotels & Re COM 44107P104 129 7,717 SH   DFND   7,717 0 0
Ing Groep-Adr ADR 456837103 107 10,000 SH   DFND   10,000 0 0
Ingles Markets Inc COM 457030104 2,363 86,807 SH   SOLE   0 0 86,807
Inseego Corp COM 45782B104 50 12,000 SH   SOLE   0 0 12,000
Intercontinental Hotels ADR 45857P707 236 4,319 SH   DFND   4,319 0 0
International Business Machines Corp COM 459200101 161 1,417 SH   SOLE   0 0 1,417
Invesco China Real Estate COM 46138E602 207 8,500 SH   DFND   8,500 0 0
Invesco S&P 500(R) Eq Weight HC ETF COM 46137V332 3,709 20,890 SH   SOLE   0 0 20,890
Invesco S&P 500(R) Equal Weight ETF COM 46137V357 3,229 35,331 SH   SOLE   0 0 35,331
Invesco S&P Global Water Index ETF COM 46138E263 1,767 56,729 SH   SOLE   0 0 56,729
Iron Mountain Inc. COM 46284V101 233 7,200 SH   DFND   7,200 0 0
iShares Cohen & Steers REIT COM 464287564 2,336 24,408 SH   SOLE   0 0 24,408
iShares Core S&P Mid-Cap COM 464287507 3,434 20,681 SH   SOLE   0 0 20,681
iShares Global Healthcare COM 464287325 3,299 58,226 SH   SOLE   0 0 58,226
iShares Global Tech ETF COM 464287291 1,599 11,100 SH   SOLE   0 0 11,100
iShares MSCI EAFE COM 464287465 870 14,798 SH   SOLE   0 0 14,798
iShares MSCI EAFE Small-Cap COM 464288273 3,402 65,659 SH   SOLE   0 0 65,659
iShares MSCI EMU COM 464286608 2,903 82,792 SH   SOLE   0 0 82,792
iShares MSCI Japan COM 46434G822 1,260 24,850 SH   SOLE   0 0 24,850
Ishares Msci Japan Index COM 46434G822 101 2,000 SH   DFND   2,000 0 0
iShares MSCI USA Minimum Volatility COM 46429B697 162 3,085 SH   SOLE   0 0 3,085
iShares Russell 1000 COM 464287622 2,839 20,469 SH   SOLE   0 0 20,469
iShares Russell 2000 COM 464287655 968 7,231 SH   SOLE   0 0 7,231
iShares Russell Mid-Cap COM 464287499 1,954 42,043 SH   SOLE   0 0 42,043
iShares Select Dividend COM 464287168 3,133 35,085 SH   SOLE   0 0 35,085
James Hardie Ind Plc Adr ADR 47030M106 294 25,000 SH   DFND   25,000 0 0
Jernigan Capital Inc COM 476405105 109 5,500 SH   DFND   5,500 0 0
JH Financial Opportunities Common COM 409735206 2,746 98,328 SH   SOLE   0 0 98,328
JHancock Multifactor Large Cap ETF COM 47804J107 910 28,380 SH   SOLE   0 0 28,380
Johnson & Johnson COM 478160104 2,389 18,510 SH   SOLE   0 0 18,510
Kajima Corp - Adr ADR 483111209 130 10,000 SH   DFND   10,000 0 0
Kvh Industries COM 482738101 309 30,000 SH   DFND   30,000 0 0
Ladder Capital Corp COM 505743104 140 9,034 SH   DFND   9,034 0 0
Lend Lease Corp Ltd - Adr ADR 526023205 96 11,900 SH   DFND   11,900 0 0
Lennox Intl Inc COM 526107107 372 1,700 SH   DFND   1,700 0 0
Lowe s Companies Inc COM 548661107 1,999 21,646 SH   SOLE   0 0 21,646
Lowe'S Cos Inc COM 548661107 240 2,600 SH   DFND   2,600 0 0
Market Vectors Africa COM 92189F866 183 9,295 SH   DFND   9,295 0 0
MetLife Inc COM 59156R108 1,411 34,375 SH   SOLE   0 0 34,375
Microsoft Corp COM 594918104 203 2,000 SH   SOLE   0 0 2,000
Miller Ind Inc/Tenn COM 600551204 486 18,000 SH   DFND   18,000 0 0
National Retail COM 637417106 194 4,000 SH   DFND   4,000 0 0
National Western Life Insurance COM 638517102 3,259 10,838 SH   SOLE   0 0 10,838
Nestle-Adr (Reg) ADR 641069406 466 5,750 SH   DFND   5,750 0 0
Netapp Inc COM 64110D104 537 9,000 SH   DFND   9,000 0 0
New Residential Invmt COM 64828T201 142 10,000 SH   DFND   10,000 0 0
Nice Systems-Adr ADR 653656108 595 5,500 SH   DFND   5,500 0 0
Nidec Corp-Adr ADR 654090109 421 15,000 SH   DFND   15,000 0 0
Norfolk Southern COM 655844108 523 3,500 SH   DFND   3,500 0 0
Northwest Natural Hldg Co COM 66765N105 181 3,000 SH   DFND   3,000 0 0
Novartis AG COM 66987V109 2,009 23,417 SH   SOLE   0 0 23,417
Nvr Inc COM 62944T105 122 50 SH   DFND   50 0 0
Old Republic International Corp COM 680223104 1,375 66,826 SH   SOLE   0 0 66,826
Orbcomm Inc COM 68555P100 165 20,000 SH   DFND   20,000 0 0
Pearson Plc ADR 705015105 239 20,000 SH   DFND   20,000 0 0
Pebblebrook Hotel Trust COM 70509V100 142 5,000 SH   DFND   5,000 0 0
Phillips 66 Com COM 718546104 1,375 15,958 SH   SOLE   0 0 15,958
Porsche Automobil Hldg ADR 73328P106 87 15,000 SH   DFND   15,000 0 0
Procter & Gamble COM 742718109 322 3,500 SH   DFND   3,500 0 0
Prologis Inc COM 74340W103 117 2,000 SH   DFND   2,000 0 0
Qualcomm Inc COM 747525103 294 5,160 SH   SOLE   0 0 5,160
Regions Financial Corp COM 7591EP100 241 18,000 SH   DFND   18,000 0 0
RGC Resources COM 74955L103 1,017 33,944 SH   SOLE   0 0 33,944
Roche Hldgs-Adr ADR 771195104 373 12,000 SH   DFND   12,000 0 0
Royce Micro Cap Trust Common COM 780915104 2,369 319,302 SH   SOLE   0 0 319,302
Royce Value Trust Common COM 780910105 132 11,213 SH   SOLE   0 0 11,213
Ryman Hospitality Prop COM 78377T107 202 3,024 SH   DFND   3,024 0 0
Sba Communications Corp COM 78410G104 324 2,000 SH   DFND   2,000 0 0
Schwab Emerging Markets Equity ETF(TM) COM 808524706 257 10,910 SH   SOLE   0 0 10,910
Schwab Fundamental US Large Company ETF COM 808524771 1,777 52,302 SH   SOLE   0 0 52,302
Schwab International Equity ETF(TM) COM 808524805 1,039 36,647 SH   SOLE   0 0 36,647
Schwab US Mid-Cap ETF(TM) COM 808524508 1,242 25,912 SH   SOLE   0 0 25,912
Schwab US Small-Cap ETF(TM) COM 808524607 1,173 19,324 SH   SOLE   0 0 19,324
Shoprite Holdings - Adr ADR 82510E209 319 24,000 SH   DFND   24,000 0 0
Siemens Ag-Adr ADR 826197501 393 7,000 SH   DFND   7,000 0 0
Skyworks Solutio COM 83088M102 268 4,000 SH   DFND   4,000 0 0
Sl Green Realty COM 78440X101 215 2,720 SH   DFND   2,720 0 0
Sony Corp Adr ADR 835699307 241 5,000 SH   DFND   5,000 0 0
Sony Corp Adr ADR 835699307 145 3,000 SH   DFND   3,000 0 0
SPDR(R) S&P MidCap 400 ETF COM 78467Y107 418 1,380 SH   SOLE   0 0 1,380
Stag Industrial Inc COM 85254J102 149 6,000 SH   DFND   6,000 0 0
Standard Bank Group - Adr ADR 853118206 112 8,800 SH   DFND   8,800 0 0
Store Capital COM 862121100 215 7,600 SH   DFND   7,600 0 0
Stryker Corporation COM 863667101 2,514 16,040 SH   SOLE   0 0 16,040
Summit Hotel Properties COM 866082100 114 11,700 SH   DFND   11,700 0 0
Summit Materials, Inc. COM 86614U100 106 8,535 SH   DFND   8,535 0 0
Texas Instruments Inc COM 882508104 236 2,500 SH   SOLE   0 0 2,500
Thermo Fisher COM 883556102 448 2,000 SH   DFND   2,000 0 0
Toll Brothers COM 889478103 148 4,500 SH   DFND   4,500 0 0
Toyota Motor -Spon Adr ADR 892331307 116 1,000 SH   DFND   1,000 0 0
Twenty-First Century Fox Inc COM 90130A101 567 11,788 SH   SOLE   0 0 11,788
Tyson Foods Inc COM 902494103 1,128 21,133 SH   SOLE   0 0 21,133
UDR Inc COM 902653104 394 9,951 SH   SOLE   0 0 9,951
Umpqua Holdings COM 904214103 127 8,000 SH   DFND   8,000 0 0
Unilever Nv-Nys ADR 904784709 484 9,000 SH   DFND   9,000 0 0
United Therapeut COM 91307C102 299 2,750 SH   DFND   2,750 0 0
Valmont Industries Inc COM 920253101 2,609 23,514 SH   SOLE   0 0 23,514
Vanguard Energy ETF COM 92204A306 164 2,130 SH   SOLE   0 0 2,130
Vanguard FTSE Developed Markets ETF COM 921943858 7,214 194,444 SH   SOLE   0 0 194,444
Vanguard FTSE Emerging Markets ETF COM 922042858 836 21,935 SH   SOLE   0 0 21,935
Vanguard High Dividend Yield ETF COM 921946406 791 10,138 SH   SOLE   0 0 10,138
Vanguard Information Technology ETF COM 92204A702 7,258 43,504 SH   SOLE   0 0 43,504
Vanguard S&P 500 ETF COM 922908363 301 1,310 SH   SOLE   0 0 1,310
Ventas Inc COM 92276F100 161 2,750 SH   DFND   2,750 0 0
Verizon Communications Inc COM 92343V104 204 3,631 SH   SOLE   0 0 3,631
Visa Inc Class A COM 92826C839 239 1,811 SH   SOLE   0 0 1,811
Voya Asia Pacific High Dividend Eq Inc COM 92912J102 1,315 154,120 SH   SOLE   0 0 154,120
Voya Financial Inc COM 929089100 1,986 49,485 SH   SOLE   0 0 49,485
Washington Reit COM 939653101 138 6,000 SH   DFND   6,000 0 0
Wells Fargo & Co COM 949746101 192 4,161 SH   DFND   4,161 0 0
Weyerhaeuser Co COM 962166104 109 5,000 SH   DFND   5,000 0 0
Williams Companies Inc COM 969457100 1,083 49,110 SH   SOLE   0 0 49,110
Wp Carey Inc COM 92936U109 292 4,470 SH   DFND   4,470 0 0
Wpx Energy Inc COM 98212B103 260 22,944 SH   SOLE   0 0 22,944