Murphy Capital Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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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
BASF SE SPONSORED ADR	ADR	055262505	427	4,450	SH		SOLE		0	0	4,450
BAYER A G SPONSORED ADR	ADR	072730302	2,733	23,180	SH		SOLE		0	0	23,180
DIAGEO ADR	ADR	25243Q205	1,346	10,595	SH		SOLE		0	0	10,595
NESTLE S A SPONSORED ADR	ADR	641069406	5,864	84,258	SH		SOLE		0	0	84,258
ROCHE HLDG LTD SPONSORED ADR	ADR	771195104	370	5,490	SH		SOLE		0	0	5,490
SHIRE PLC SPONSORED ADR	ADR	82481R106	1,067	8,905	SH		SOLE		0	0	8,905
SHIRE PLC SPONSORED ADR	ADR	82481R106	71	600	SH		OTR		0	0	600
UNILEVER PLC ADR	ADR	904767704	853	22,115	SH		SOLE		0	0	22,115
ACTAVIS PLC SHS	COM	G0083B108	396	2,750	SH		SOLE		0	0	2,750
AETNA	COM	00817Y108	304	4,762	SH		SOLE		0	0	4,762
AETNA	COM	00817Y108	76	1,200	SH		OTR		0	0	1,200
AFLAC	COM	001055102	3,128	50,460	SH		SOLE		0	0	50,460
AFLAC	COM	001055102	46	750	SH		OTR		0	0	750
AIR PRODUCTS & CHEMICALS	COM	009158106	1,425	13,375	SH		SOLE		0	0	13,375
ALLIANCE RESOURCE PARTNERS LP	COM	01877R108	255	3,450	SH		SOLE		0	0	3,450
ALNYLAM PHARMACEUTICAL COM	COM	02043Q107	230	3,600	SH		SOLE		0	0	3,600
ALPS ETF TR ALERIAN MLP	COM	00162Q866	1,183	67,275	SH		SOLE		0	0	67,275
ALTRIA GROUP	COM	02209S103	4,569	133,040	SH		SOLE		0	0	133,040
ALTRIA GROUP	COM	02209S103	20	600	SH		OTR		0	0	600
AMAZON	COM	023135106	5,325	17,034	SH		SOLE		0	0	17,034
AMERICAN ELECTRIC POWER	COM	025537101	390	9,000	SH		SOLE		0	0	9,000
AMERICAN EXPRESS	COM	025816109	2,230	29,536	SH		SOLE		0	0	29,536
AMERICAN INTL GROUP COM NEW	COM	026874784	5,628	115,745	SH		SOLE		0	0	115,745
AMERICAN STATES WATER	COM	029899101	358	13,000	SH		SOLE		0	0	13,000
AMERICAN WTR WKS CO IN COM	COM	030420103	516	12,500	SH		SOLE		0	0	12,500
AMGEN	COM	031162100	1,154	10,313	SH		SOLE		0	0	10,313
AMGEN	COM	031162100	285	2,550	SH		OTR		0	0	2,550
ANADARKO PETROLEUM	COM	032511107	1,209	13,010	SH		SOLE		0	0	13,010
APACHE	COM	037411105	439	5,159	SH		SOLE		0	0	5,159
APPLE COMPUTER	COM	037833100	23,764	49,846	SH		SOLE		0	0	49,846
ARENA PHARMACEUTICALS COM	COM	040047102	237	45,000	SH		SOLE		0	0	45,000
ARMSTRONG WORLD INDS COM	COM	04247X102	398	7,250	SH		SOLE		0	0	7,250
AT&T, INC.	COM	00206R102	5,253	155,333	SH		SOLE		0	0	155,333
AT&T, INC.	COM	00206R102	261	7,733	SH		OTR		0	0	7,733
ATMOS ENERGY	COM	049560105	338	7,955	SH		SOLE		0	0	7,955
AUTOMATIC DATA PROCESSING	COM	053015103	220	3,040	SH		SOLE		0	0	3,040
BAIDU.COM ADS	COM	056752108	1,642	10,583	SH		SOLE		0	0	10,583
BAIDU.COM ADS	COM	056752108	23	150	SH		OTR		0	0	150
BANK OF AMERICA	COM	060505104	697	50,540	SH		SOLE		0	0	50,540
BARD (C.R.) INC	COM	067383109	178	1,551	SH		SOLE		0	0	1,551
BARD (C.R.) INC	COM	067383109	347	3,015	SH		OTR		0	0	3,015
BAXTER INTERNATIONAL	COM	071813109	1,519	23,129	SH		SOLE		0	0	23,129
BECTON DICKINSON	COM	075887109	790	7,900	SH		SOLE		0	0	7,900
BELL CANADA ENTERPRISES (NEW)	COM	05534B760	832	19,500	SH		SOLE		0	0	19,500
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	3,287	28,959	SH		SOLE		0	0	28,959
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	56	500	SH		OTR		0	0	500
BIOTECHNOLOGY	COM	464287556	7,434	35,471	SH		SOLE		0	0	35,471
BIOTECHNOLOGY	COM	464287556	167	800	SH		OTR		0	0	800
BLACK HILLS	COM	092113109	403	8,100	SH		SOLE		0	0	8,100
BOEING	COM	097023105	6,423	54,666	SH		SOLE		0	0	54,666
BOEING	COM	097023105	23	200	SH		OTR		0	0	200
BRISTOL MYERS SQUIBB	COM	110122108	2,029	43,848	SH		SOLE		0	0	43,848
BT GROUP PLC ADR	COM	05577E101	763	13,800	SH		SOLE		0	0	13,800
CANADIAN NATIONAL RAILWAY	COM	136375102	843	8,325	SH		SOLE		0	0	8,325
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	884	7,175	SH		SOLE		0	0	7,175
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	24	200	SH		OTR		0	0	200
CAPITAL ONE FINL CORP COM	COM	14040H105	367	5,350	SH		SOLE		0	0	5,350
CATERPILLAR	COM	149123101	3,020	36,220	SH		SOLE		0	0	36,220
CELGENE	COM	151020104	3,396	22,038	SH		SOLE		0	0	22,038
CHESAPEAKE ENERGY	COM	165167107	388	15,000	SH		SOLE		0	0	15,000
CHEVRON CORP	COM	166764100	6,794	55,918	SH		SOLE		0	0	55,918
CHEVRON CORP	COM	166764100	555	4,576	SH		OTR		0	0	4,576
CHINA GOLD CORP COM	COM	16938L106	0	140,000	SH		SOLE		0	0	140,000
CHUBB CORP	COM	171232101	3,003	33,647	SH		SOLE		0	0	33,647
CHUBB CORP	COM	171232101	44	500	SH		OTR		0	0	500
CIGNA	COM	125509109	919	11,965	SH		SOLE		0	0	11,965
CISCO SYSTEMS	COM	17275R102	565	24,122	SH		SOLE		0	0	24,122
CITIGROUP	COM	172967424	2,973	61,292	SH		SOLE		0	0	61,292
CLEARBRIDGE ENERGY MLP COM	COM	184692101	1,426	53,516	SH		SOLE		0	0	53,516
CLOROX COMPANY	COM	189054109	461	5,650	SH		SOLE		0	0	5,650
COCA COLA	COM	191216100	5,789	152,837	SH		SOLE		0	0	152,837
COGNIZANT TECH SOLUTIONS	COM	192446102	858	10,450	SH		SOLE		0	0	10,450
COLGATE PALMOLIVE	COM	194162103	2,713	45,756	SH		SOLE		0	0	45,756
COMCAST CORP CL A	COM	20030N101	1,597	35,419	SH		SOLE		0	0	35,419
CONOCOPHILLIPS	COM	20825C104	995	14,320	SH		SOLE		0	0	14,320
CONSOLIDATED EDISON	COM	209115104	2,533	45,938	SH		SOLE		0	0	45,938
CORNING	COM	219350105	277	19,050	SH		SOLE		0	0	19,050
COSTCO WHOLESALE	COM	22160K105	541	4,700	SH		SOLE		0	0	4,700
COVIDIEN LTD COM	COM	g2554f105	332	5,463	SH		SOLE		0	0	5,463
CREE	COM	225447101	391	6,500	SH		SOLE		0	0	6,500
CSX	COM	126408103	1,971	76,604	SH		SOLE		0	0	76,604
CUMMINS	COM	231021106	1,086	8,175	SH		SOLE		0	0	8,175
CURRENCYSHS SWEDISH KR SWEDISH	COM	23129R108	309	2,000	SH		SOLE		0	0	2,000
CURRENCYSHSSWISS FRANC SWISS F	COM	23129V109	466	4,300	SH		SOLE		0	0	4,300
CVS CORP	COM	126650100	465	8,199	SH		SOLE		0	0	8,199
DAVITA	COM	23918K108	333	5,866	SH		SOLE		0	0	5,866
DCP MIDSTREAM PARTNERS LP MLP	COM	23311p100	352	7,100	SH		SOLE		0	0	7,100
DEERE	COM	244199105	2,608	32,047	SH		SOLE		0	0	32,047
DIRECTV COM	COM	25490A309	771	12,908	SH		SOLE		0	0	12,908
DIRECTV COM	COM	25490A309	14	240	SH		OTR		0	0	240
DISH NETWORK CORP CL A	COM	25470M109	245	5,450	SH		SOLE		0	0	5,450
DJ US HEALTHCARE	COM	464287762	6,289	58,824	SH		SOLE		0	0	58,824
DJ US HEALTHCARE PROVIDERS	COM	464288828	1,324	15,183	SH		SOLE		0	0	15,183
DJ US MEDICAL DEVICES	COM	464288810	1,252	14,785	SH		SOLE		0	0	14,785
DJ US TECHNOLOGY	COM	464287721	1,339	17,002	SH		SOLE		0	0	17,002
DJ US UTILITIES SECTOR	COM	464287697	286	3,050	SH		SOLE		0	0	3,050
DJ US UTILITIES SECTOR	COM	464287697	46	500	SH		OTR		0	0	500
DNP SELECT INCOME	COM	23325P104	194	20,210	SH		SOLE		0	0	20,210
DOMINION RESOURCES	COM	25746U109	3,951	63,250	SH		SOLE		0	0	63,250
DOMINION RESOURCES	COM	25746U109	62	1,000	SH		SOLE		0	0	000
DOW CHEMICAL	COM	260543103	370	9,660	SH		SOLE		0	0	9,660
DU PONT	COM	263534109	3,541	60,482	SH		SOLE		0	0	60,482
DU PONT	COM	263534109	29	500	SH		OTR		0	0	500
DUKE ENERGY CORP NEW	COM	26441c204	2,831	42,396	SH		SOLE		0	0	42,396
DUKE REALTY INVESTMENTS	COM	264411505	860	55,757	SH		SOLE		0	0	55,757
EASTMAN CHEMICAL	COM	277432100	800	10,270	SH		SOLE		0	0	10,270
ECOLAB	COM	278865100	444	4,500	SH		SOLE		0	0	4,500
EDWARDS LIFESCIENCES	COM	28176E108	250	3,602	SH		SOLE		0	0	3,602
EL PASO PIPELINE PTNRS COM UNI	COM	283702108	888	21,050	SH		SOLE		0	0	21,050
ELI LILLY	COM	532457108	282	5,605	SH		SOLE		0	0	5,605
EMC	COM	268648102	1,452	56,842	SH		SOLE		0	0	56,842
EMERSON ELECTRIC	COM	291011104	2,344	36,229	SH		SOLE		0	0	36,229
ENERGY TRANSFER EQUITY COM UT	COM	29273V100	1,032	15,695	SH		SOLE		0	0	15,695
ENERGY TRANSFER PARTNERS LP ML	COM	29273R109	793	15,236	SH		SOLE		0	0	15,236
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	9,259	151,691	SH		SOLE		0	0	151,691
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	55	905	SH		OTR		0	0	905
EQUITY RESIDENTIAL	COM	29476L107	381	7,129	SH		SOLE		0	0	7,129
EXPRESS SCRIPTS	COM	30219g108	1,660	26,861	SH		SOLE		0	0	26,861
EXXON MOBIL	COM	30231G102	13,958	162,232	SH		SOLE		0	0	162,232
EXXON MOBIL	COM	30231G102	363	4,224	SH		OTR		0	0	4,224
F M C CORP COM NEW	COM	302491303	796	11,100	SH		SOLE		0	0	11,100
FACEBOOK INC CL A	COM	30303m102	1,607	32,009	SH		SOLE		0	0	32,009
FEDEX	COM	31428x106	1,405	12,316	SH		SOLE		0	0	12,316
FIRST TR EXCH TRD FD DJ INTERN	COM	33733E302	3,001	55,815	SH		SOLE		0	0	55,815
FIRST TR ISE WTR INDEX COM	COM	33733B100	232	7,380	SH		SOLE		0	0	7,380
FIRST TRUST ENERGY INCOME & GR	COM	33738g104	1,489	46,548	SH		SOLE		0	0	46,548
FLUOR	COM	343412102	759	10,700	SH		SOLE		0	0	10,700
FREEPORT MCMORAN COPPER & GOLD	COM	35671d857	279	8,455	SH		SOLE		0	0	8,455
GANNETT	COM	364730101	334	12,468	SH		SOLE		0	0	12,468
GENERAL DYNAMICS	COM	369550108	785	8,975	SH		SOLE		0	0	8,975
GENERAL ELECTRIC	COM	369604103	5,164	216,198	SH		SOLE		0	0	216,198
GENERAL MILLS	COM	370334104	2,696	56,280	SH		SOLE		0	0	56,280
GENERAL MILLS	COM	370334104	28	600	SH		OTR		0	0	600
GENERAL MTRS CO COM	COM	37045V100	253	7,050	SH		SOLE		0	0	7,050
GENESIS ENERGY LP MLP	COM	371927104	1,276	25,485	SH		SOLE		0	0	25,485
GILEAD SCIENCES	COM	375558103	834	13,280	SH		SOLE		0	0	13,280
GLAXOSMITHKLINE ADR	COM	37733W105	526	10,486	SH		SOLE		0	0	10,486
GOLAR LNG LTD BERMUDA SHS	COM	g9456a100	270	7,175	SH		SOLE		0	0	7,175
GOLDMAN SACHS GROUP	COM	38141G104	618	3,909	SH		SOLE		0	0	3,909
GOOGLE	COM	38259p508	4,140	4,727	SH		SOLE		0	0	4,727
HALLIBURTON	COM	406216101	382	7,950	SH		SOLE		0	0	7,950
HELMERICH & PAYNE	COM	423452101	458	6,650	SH		SOLE		0	0	6,650
HERSHEY COMPANY	COM	427866108	2,106	22,770	SH		SOLE		0	0	22,770
HERSHEY COMPANY	COM	427866108	46	500	SH		OTR		0	0	500
HOLLY ENERGY PARTNERS LP	COM	435763107	565	17,110	SH		SOLE		0	0	17,110
HOLLYWOOD INTER INC COM	COM	436224109	0	80,000	SH		SOLE		0	0	80,000
HOME DEPOT	COM	437076102	5,729	75,540	SH		SOLE		0	0	75,540
HONEYWELL INTERNATIONAL	COM	438516106	4,331	52,157	SH		SOLE		0	0	52,157
HSBC HOLDINGS PLC ADR	COM	404280406	334	6,170	SH		SOLE		0	0	6,170
IBM	COM	459200101	12,616	68,132	SH		SOLE		0	0	68,132
IBM	COM	459200101	7	40	SH		OTR		0	0	400
INGERSOLL RAND	COM	G47791101	1,613	24,840	SH		SOLE		0	0	24,840
INTEL	COM	458140100	1,585	69,172	SH		SOLE		0	0	69,172
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	370	4,500	SH		SOLE		0	0	4,500
INTERNATIONAL PAPER	COM	460146103	2,111	47,130	SH		SOLE		0	0	47,130
ISHARES COMEX GOLD TR ISHARES	COM	464285105	219	17,060	SH		SOLE		0	0	17,060
ISHARES TR DJ HOME CONSTN	COM	464288752	2,751	123,150	SH		SOLE		0	0	123,150
ISHARES TR DJ HOME CONSTN	COM	464288752	22	1,000	SH		OTR		0	0	1,000
ISHARES TR DJ INS INDX FD	COM	464288786	1,531	35,695	SH		SOLE		0	0	35,695
ISHARES TR DJ OIL EQUIP	COM	464288844	1,244	19,870	SH		SOLE		0	0	19,870
ISHARES TR DJ OIL EQUIP	COM	464288844	31	500	SH		OTR		0	0	500
ISHARES TR DJ PHARMA INDX	COM	464288836	4,700	44,186	SH		SOLE		0	0	44,186
ISHARES TR DJ US FINL SEC	COM	464287788	677	9,240	SH		SOLE		0	0	9,240
ISHARES TR RESIDENT INDEX	COM	464288562	250	5,216	SH		SOLE		0	0	5,216
ISHARES TR S&P GL C STAPL	COM	464288737	342	4,150	SH		SOLE		0	0	4,150
JOHNSON & JOHNSON	COM	478160104	9,191	106,027	SH		SOLE		0	0	106,027
JOHNSON CONTROLS	COM	478366107	286	6,908	SH		SOLE		0	0	6,908
JP MORGAN CHASE	COM	46625H100	3,796	73,439	SH		SOLE		0	0	73,439
JP MORGAN CHASE	COM	46625H100	15	300	SH		OTR		0	0	300
KAYNE ANDERSON MLP	COM	486606106	1,816	50,677	SH		SOLE		0	0	50,677
KELLOGG	COM	487836108	403	6,875	SH		SOLE		0	0	6,875
KIMBERLY CLARK	COM	494368103	1,984	21,063	SH		SOLE		0	0	21,063
KIMBERLY CLARK	COM	494368103	28	300	SH		OTR		0	0	300
KINDER MORGAN	COM	49456b101	486	13,675	SH		SOLE		0	0	13,675
KINDER MORGAN 100,000THS	COM	eke55u103	0	38,882	SH		SOLE		0	0	38,882
KINDER MORGAN ENERGY LP MLP	COM	494550106	3,249	40,707	SH		SOLE		0	0	40,707
KINDER MORGAN ENERGY LP MLP	COM	494550106	15	200	SH		OTR		0	0	200
KINDER MORGAN MGMT LLC SHS	COM	49455U100	1,988	26,525	SH		SOLE		0	0	26,525
KRAFT FOODS GROUP INC COM	COM	50076Q106	457	8,722	SH		SOLE		0	0	8,722
KROGER	COM	501044101	587	14,558	SH		SOLE		0	0	14,558
LEAR CORP	COM	521865204	479	6,700	SH		SOLE		0	0	6,700
LEGACY RESERVES LP UNIT LP INT	COM	524707304	222	8,250	SH		SOLE		0	0	8,250
LOCKHEED MARTIN	COM	539830109	1,308	10,259	SH		SOLE		0	0	10,259
LOWES COMPANIES	COM	548661107	953	20,025	SH		SOLE		0	0	20,025
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	8,278	146,697	SH		SOLE		0	0	146,697
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	67	1,200	SH		OTR		0	0	1,200
MAGNA INTL INC CL A	COM	559222401	594	7,200	SH		SOLE		0	0	7,200
MANNKIND CORP COM	COM	56400P201	456	80,000	SH		SOLE		0	0	80,000
MARKET VECTORS ETF TR AGRIBUS	COM	57060U605	214	4,175	SH		SOLE		0	0	4,175
MARKET VECTORS ETF TR BIOTECH	COM	57060U183	3,311	40,021	SH		SOLE		0	0	40,021
MARKWEST ENERGY PARTNERS LP ML	COM	570759100	1,135	15,715	SH		SOLE		0	0	15,715
MCDONALDS	COM	580135101	6,370	66,214	SH		SOLE		0	0	66,214
MCKESSON	COM	58155Q103	1,475	11,500	SH		SOLE		0	0	11,500
MEAD JOHNSON NUTRI CO COM CL A	COM	582839106	1,137	15,320	SH		SOLE		0	0	15,320
MEDTRONIC	COM	585055106	256	4,825	SH		SOLE		0	0	4,825
MERCK & CO INC NEW COM	COM	58933Y105	2,367	49,717	SH		SOLE		0	0	49,717
MERRIMACK PHARMACEUTIC COM	COM	590328100	61	16,142	SH		SOLE		0	0	16,142
METLIFE	COM	59156R108	200	4,281	SH		SOLE		0	0	4,281
MICRON TECHNOLOGY	COM	595112103	444	25,465	SH		SOLE		0	0	25,465
MICROSOFT	COM	594918104	1,543	46,385	SH		SOLE		0	0	46,385
MID-AMERICA APARTMENT COMMUNIT	COM	59522J103	206	3,300	SH		SOLE		0	0	3,300
MIMEDX GROUP INC COM	COM	602496101	83	20,000	SH		SOLE		0	0	20,000
MMM (3M COMPANY)	COM	88579Y101	8,549	71,596	SH		SOLE		0	0	71,596
MONDELEZ INTL INC CL A	COM	609207105	426	13,568	SH		SOLE		0	0	13,568
MORGAN STANLEY EMERGING	COM	617477104	155	11,017	SH		SOLE		0	0	11,017
MSCI EAFE	COM	464287465	2,703	42,374	SH		SOLE		0	0	42,374
MSCI EMERGING MARKET	COM	464287234	803	19,712	SH		SOLE		0	0	19,712
NATIONAL FUEL GAS	COM	636180101	567	8,260	SH		SOLE		0	0	8,260
NATIONAL OILWELL VARCO	COM	637071101	374	4,800	SH		SOLE		0	0	4,800
NEXTERA ENERGY INC COM	COM	65339F101	783	9,780	SH		SOLE		0	0	9,780
NORFOLK SOUTHERN	COM	655844108	941	12,175	SH		SOLE		0	0	12,175
NORTHEAST UTILITIES	COM	664397106	278	6,751	SH		SOLE		0	0	6,751
NORTHEAST UTILITIES	COM	664397106	59	1,443	SH		OTR		0	0	1,443
NORTHROP GRUMMAN	COM	666807102	251	2,642	SH		SOLE		0	0	2,642
NOVARTIS AG ADR	COM	66987V109	1,042	13,595	SH		SOLE		0	0	13,595
NUSTAR GP HOLDINGS LLC UNIT RE	COM	67059L102	265	11,850	SH		SOLE		0	0	11,850
OCCIDENTAL PETROLEUM	COM	674599105	926	9,909	SH		SOLE		0	0	9,909
OCCIDENTAL PETROLEUM	COM	674599105	19	210	SH		OTR		0	0	210
OCEANEERING INTL INC COM	COM	675232102	377	4,650	SH		SOLE		0	0	4,650
OLD REP INTL CORP COM	COM	680223104	164	10,700	SH		SOLE		0	0	10,700
ONEOK	COM	682680103	329	6,182	SH		SOLE		0	0	6,182
ONEOK PARTNERS LP MLP	COM	68268N103	2,043	38,547	SH		SOLE		0	0	38,547
ORACLE	COM	68389X105	468	14,127	SH		SOLE		0	0	14,127
PENTAIR LTD SHS	COM	H6169Q108	271	4,187	SH		SOLE		0	0	4,187
PEPSICO	COM	713448108	6,919	87,040	SH		SOLE		0	0	87,040
PEPSICO	COM	713448108	39	500	SH		OTR		0	0	500
PFIZER	COM	717081103	1,142	39,767	SH		SOLE		0	0	39,767
PG & E	COM	69331C108	308	7,550	SH		SOLE		0	0	7,550
PHARMACYCLICS INC COM	COM	716933106	262	1,900	SH		SOLE		0	0	1,900
PHILIP MORRIS INTL INC COM	COM	718172109	2,592	29,943	SH		SOLE		0	0	29,943
PIEDMONT NATURAL GAS	COM	720186105	1,099	33,445	SH		SOLE		0	0	33,445
PIEDMONT NATURAL GAS	COM	720186105	39	1,200	SH		OTR		0	0	1,200
PIONEER NATURAL RESOURCES	COM	723787107	9,883	52,350	SH		SOLE		0	0	52,350
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	4,059	77,082	SH		SOLE		0	0	77,082
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	42	800	SH		OTR		0	0	800
POWERSHARES ETF TRUST CON STAP	COM	73935X393	479	11,580	SH		SOLE		0	0	11,580
POWERSHARES ETF TRUST ENERGY S	COM	73935X385	444	8,922	SH		SOLE		0	0	8,922
POWERSHARES ETF TRUST WATER RE	COM	73935X575	239	10,020	SH		SOLE		0	0	10,020
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	9,440	119,683	SH		SOLE		0	0	119,683
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	23	300	SH		OTR		0	0	300
POWERSHS DB MULTI SECT DB GOLD	COM	73936B606	1,053	23,525	SH		SOLE		0	0	23,525
POWERSHS DB MULTI SECT DB PREC	COM	73936B200	1,125	25,780	SH		SOLE		0	0	25,780
PPL	COM	69351T106	365	12,041	SH		SOLE		0	0	12,041
PROCTER & GAMBLE	COM	742718109	7,020	92,872	SH		SOLE		0	0	92,872
PROCTER & GAMBLE	COM	742718109	30	400	SH		OTR		0	0	400
PROSHARES TR SHORT S&P 500	COM	74347R503	266	9,500	SH		SOLE		0	0	9,500
PRUDENTIAL FINANCIAL	COM	744320102	246	3,163	SH		SOLE		0	0	3,163
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	1,231	37,404	SH		SOLE		0	0	37,404
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	59	1,812	SH		OTR		0	0	1,812
QUALCOMM	COM	747525103	1,028	15,278	SH		SOLE		0	0	15,278
RAYONIER	COM	754907103	942	16,937	SH		SOLE		0	0	16,937
REYNOLDS AMERICAN	COM	761713106	203	4,173	SH		SOLE		0	0	4,173
ROPER INDUSTRIES	COM	776696106	531	4,000	SH		SOLE		0	0	4,000
ROSE ROCK MIDSTREAM L COM U RE	COM	777149105	485	15,200	SH		SOLE		0	0	15,200
ROYAL DUTCH CL A ADR NEW	COM	780259206	774	11,799	SH		SOLE		0	0	11,799
ROYAL DUTCH CL A ADR NEW	COM	780259206	27	413	SH		OTR		0	0	413
ROYAL DUTCH CL B ADR NEW	COM	780259107	253	3,683	SH		SOLE		0	0	3,683
RUSSELL MIDCAP GROWTH	COM	464287481	1,203	15,390	SH		SOLE		0	0	15,390
SANDISK	COM	80004c101	214	3,600	SH		SOLE		0	0	3,600
SAREPTA THERAPEUTICS I COM	COM	803607100	269	5,700	SH		SOLE		0	0	5,700
SBA COMMUNICATIONS CRP COM	COM	78388J106	551	6,850	SH		SOLE		0	0	6,850
SCHLUMBERGER	COM	806857108	4,103	46,436	SH		SOLE		0	0	46,436
SCHLUMBERGER	COM	806857108	35	400	SH		OTR		0	0	400
SEACOAST BKG CORP FLA COM	COM	811707306	28	13,100	SH		SOLE		0	0	13,100
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y308	1,256	31,558	SH		SOLE		0	0	31,558
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	5,087	255,568	SH		SOLE		0	0	255,568
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	19	1,000	SH		OTR		0	0	1,000
SEMGROUP CORP CL A	COM	81663A105	208	3,650	SH		SOLE		0	0	3,650
SIEMENS AG ADR	COM	826197501	1,607	13,338	SH		SOLE		0	0	13,338
SIMON PROPERTY	COM	828806109	524	3,536	SH		SOLE		0	0	3,536
SMUCKER JM	COM	832696405	309	2,950	SH		SOLE		0	0	2,950
SNAP ON INC COM	COM	833034101	223	2,250	SH		SOLE		0	0	2,250
SOUTHERN COMPANY	COM	842587107	2,459	59,735	SH		SOLE		0	0	59,735
SOUTHWEST GAS	COM	844895102	205	4,100	SH		SOLE		0	0	4,100
SPDR DOW JONES INDL AV UT SER	COM	78467X109	1,550	10,268	SH		SOLE		0	0	10,268
SPDR ENERGY	COM	81369Y506	2,817	33,986	SH		SOLE		0	0	33,986
SPDR HEALTH CARE	COM	81369y209	3,708	73,307	SH		SOLE		0	0	73,307
SPDR INDEX SHS FDS EURO STOXX	COM	78463X202	350	9,125	SH		SOLE		0	0	9,125
SPDR INDUSTRIAL SECTOR	COM	81369y704	2,013	43,380	SH		SOLE		0	0	43,380
SPDR MATERIALS SECTOR	COM	81369y100	1,203	28,655	SH		SOLE		0	0	28,655
SPDR MATERIALS SECTOR	COM	81369y100	4	100	SH		OTR		0	0	100
SPDR MID CAP 400	COM	78467Y107	282	1,250	SH		SOLE		0	0	1,250
SPDR SERIES TRUST S&P BIOTECH	COM	78464A870	4,557	35,285	SH		SOLE		0	0	35,285
SPDR SERIES TRUST S&P OILGAS E	COM	78464a730	429	6,525	SH		SOLE		0	0	6,525
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	771	9,407	SH		SOLE		0	0	9,407
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	28	350	SH		OTR		0	0	350
SPDR SP500 TRUST SR 1	COM	78462F103	1,718	10,228	SH		SOLE		0	0	10,228
SPDR UTILITIES SELECT	COM	81369Y886	1,496	40,049	SH		SOLE		0	0	40,049
ST JUDE MEDICAL	COM	790849103	628	11,725	SH		SOLE		0	0	11,725
STANLEY BLACK & DECKER COM	COM	854502101	1,195	13,200	SH		SOLE		0	0	13,200
STARBUCKS	COM	855244109	2,258	29,346	SH		SOLE		0	0	29,346
STARWOOD PPTY TR INC COM	COM	85571B105	582	24,300	SH		SOLE		0	0	24,300
STATE STREET	COM	857477103	470	7,150	SH		SOLE		0	0	7,150
STREETTRACKS GOLD SHARES	COM	78463v107	1,349	10,528	SH		SOLE		0	0	10,528
STREETTRACKS INDEX SHS S&P CHI	COM	78463x400	310	4,200	SH		SOLE		0	0	4,200
STREETTRACKS MORGAN STANLEY TE	COM	78464a102	1,029	12,580	SH		SOLE		0	0	12,580
STREETTRACKS SER TR SPDR HOMEB	COM	78464a888	427	13,965	SH		SOLE		0	0	13,965
STRYKER	COM	863667101	339	5,016	SH		SOLE		0	0	5,016
SUNOCO LOGISTICS PT LP COM UNI	COM	86764L108	763	11,495	SH		SOLE		0	0	11,495
T-MOBILE US INC COM	COM	872590104	297	11,450	SH		SOLE		0	0	11,450
TARGA RES PARTNERS LP COM UNIT	COM	87611X105	648	12,600	SH		SOLE		0	0	12,600
TECHNOLOGY SELECT SECT SPDR	COM	81369Y803	2,531	79,020	SH		SOLE		0	0	79,020
TEEKAY LNG PARTNERS LP MLP	COM	y8564M105	434	9,840	SH		SOLE		0	0	9,840
TEEKAY OFFSHORE PTN LP PARTNER	COM	Y8565J101	339	10,175	SH		SOLE		0	0	10,175
TELUS CORP COM	COM	87971M103	590	17,820	SH		SOLE		0	0	17,820
TESLA MTRS INC COM	COM	88160R101	377	1,950	SH		SOLE		0	0	1,950
TICC CAPITAL CORP COM	COM	87244T109	107	11,087	SH		SOLE		0	0	11,087
TORCHLIGHT ENERGY RES COM	COM	89102U103	44	14,286	SH		SOLE		0	0	14,286
TOYOTA MOTOR ADR	COM	892331307	853	6,670	SH		SOLE		0	0	6,670
TRANSCANADA	COM	89353D107	219	5,000	SH		SOLE		0	0	5,000
TRANSMONTAIGNE PARTNERS LP MLP	COM	89376v100	989	24,300	SH		SOLE		0	0	24,300
TYCO INTL	COM	H89128104	205	5,863	SH		SOLE		0	0	5,863
UBS AG JERSEY BRH ALERIAN INFR	COM	902641646	2,970	76,510	SH		SOLE		0	0	76,510
UGI CORP	COM	902681105	610	15,600	SH		SOLE		0	0	15,600
UGI CORP	COM	902681105	105	2,700	SH		OTR		0	0	2,700
UNION PACIFIC	COM	907818108	3,942	25,380	SH		SOLE		0	0	25,380
UNION PACIFIC	COM	907818108	124	800	SH		OTR		0	0	800
UNITED PARCEL SERVICE CL B	COM	911312106	3,535	38,699	SH		SOLE		0	0	38,699
UNITED TECHNOLOGIES	COM	913017109	10,813	100,294	SH		SOLE		0	0	100,294
UNITED TECHNOLOGIES	COM	913017109	43	400	SH		OTR		0	0	400
UNITEDHEALTH GROUP	COM	91324P102	527	7,369	SH		SOLE		0	0	7,369
VALEANT PHARMACEUTICAL COM	COM	91911K102	2,070	19,850	SH		SOLE		0	0	19,850
VANGUARD EMERGING MARKETS VIPE	COM	922042858	3,984	99,277	SH		SOLE		0	0	99,277
VANGUARD INDEX FDS REIT ETF	COM	922908553	2,057	31,106	SH		SOLE		0	0	31,106
VANGUARD TELECOM SERVICES VIPE	COM	92204A884	758	9,385	SH		SOLE		0	0	9,385
VANGUARD WORLD FDS HEALTH CAR	COM	92204A504	249	2,680	SH		SOLE		0	0	2,680
VANGUARD WORLD FDS INF TECH ET	COM	92204A702	2,974	36,855	SH		SOLE		0	0	36,855
VERIZON COMMUNICATIONS	COM	92343V104	10,963	234,898	SH		SOLE		0	0	234,898
VERIZON COMMUNICATIONS	COM	92343V104	140	3,000	SH		OTR		0	0	3,000
VIACOM CL B NEW	COM	92553P201	818	9,792	SH		SOLE		0	0	9,792
VISA INC COM CL A	COM	92826C839	1,864	9,757	SH		SOLE		0	0	9,757
VODAFONE GROUP PLC ADR	COM	92857W209	605	17,218	SH		SOLE		0	0	17,218
VODAFONE GROUP PLC ADR	COM	92857W209	84	2,392	SH		OTR		0	0	2,392
WAL-MART STORES	COM	931142103	2,648	35,815	SH		SOLE		0	0	35,815
WALGREEN	COM	931422109	279	5,200	SH		SOLE		0	0	5,200
WALT DISNEY	COM	254687106	4,798	74,409	SH		SOLE		0	0	74,409
WASHINGTON TRUST BANCORP	COM	940610108	209	6,654	SH		SOLE		0	0	6,654
WELLS FARGO	COM	949746101	1,158	28,036	SH		SOLE		0	0	28,036
WESTAR ENERGY	COM	95709T100	347	11,350	SH		SOLE		0	0	11,350
WESTERN GAS PARTNRS LP COM UNI	COM	958254104	742	12,350	SH		SOLE		0	0	12,350
WHOLE FOODS MKT INC COM	COM	966837106	713	12,200	SH		SOLE		0	0	12,200
WILLIAMS PARTNERS L P COM UNIT	COM	96950F104	500	9,456	SH		SOLE		0	0	9,456
WISDOMTREE TRUST JP TOTAL DIVI	COM	97717W851	230	4,815	SH		SOLE		0	0	4,815
WISDOMTREE TRUST LRGECP VALUE	COM	97717W547	554	10,621	SH		SOLE		0	0	10,621
WYNN RESORTS LTD COM	COM	983134107	264	1,675	SH		SOLE		0	0	1,675
YAHOO	COM	984332106	3,144	94,795	SH		SOLE		0	0	94,795
YUM! BRANDS	COM	988498101	1,160	16,250	SH		SOLE		0	0	16,250
ACCESS MIDSTREAM PARTN UNIT	LP	00434L109	357	7,400	SH		SOLE		0	0	7,400
CONSULTING GRP CAP MKT GV MONE	MF	210474102	28	28,645	SH		SOLE		0	0	28,645
DREYFUS HI YLD STRATEG SH BEN	MF	26200S101	70	17,580	SH		SOLE		0	0	17,580
LEHMAN BROTHERS HOLDINGS ESCRO	COM	525ESC7K9	0	145,000	SH		SOLE		0	0	145,000
ISHARES TR US PFD STK IDX	PFD	464288687	481	12,660	SH		SOLE		0	0	12,660
LEHMAN BROS HLDG INC E FR 11%1	PFD	525ESC5T2	0	10,000	SH		SOLE		0	0	10,000
HARTFORD FINL SVCS WT EXP 0626	WT	416515120	243	10,900	SH		SOLE		0	0	10,900
JPMORGAN CHASE & CO WT EXP 102	WT	46634E114	235	14,050	SH		SOLE		0	0	14,050
MANNKIND CORP WT 020816	WT	56400P508	49	20,000	SH		SOLE		0	0	20,000