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	746	6,700	SH		SOLE		0	0	6,700
BAYER A G SPONSORED ADR	ADR	072730302	3,079	22,770	SH		SOLE		0	0	22,770
DAIMLER AG SPONSORED ADR	ADR	233825108	351	3,700	SH		SOLE		0	0	3,700
DIAGEO ADR	ADR	25243Q205	1,659	13,320	SH		SOLE		0	0	13,320
MERCK KGAA UNSPON ADR	ADR	589339100	348	6,200	SH		SOLE		0	0	6,200
NESTLE S A SPONSORED ADR	ADR	641069406	6,624	88,062	SH		SOLE		0	0	88,062
ROCHE HLDG LTD SPONSORED ADR	ADR	771195104	1,199	31,800	SH		SOLE		0	0	31,800
SHIRE PLC SPONSORED ADR	ADR	82481R106	955	6,430	SH		SOLE		0	0	6,430
SHIRE PLC SPONSORED ADR	ADR	82481R106	89	600	SH		OTR		0	0	600
UNILEVER PLC ADR	ADR	904767704	916	21,414	SH		SOLE		0	0	21,414
3-D SYS CORP DEL COM NEW	COM	88554D205	721	12,200	SH		SOLE		0	0	12,200
ACTAVIS PLC SHS	COM	G0083B108	545	2,650	SH		SOLE		0	0	2,650
AETNA	COM	00817Y108	349	4,662	SH		SOLE		0	0	4,662
AETNA	COM	00817Y108	89	1,200	SH		OTR		0	0	1,200
AFLAC	COM	001055102	3,075	48,786	SH		SOLE		0	0	48,786
AFLAC	COM	001055102	47	750	SH		OTR		0	0	750
AIR PRODUCTS & CHEMICALS	COM	009158106	1,514	12,725	SH		SOLE		0	0	12,725
AKAMAI TECHNOLOGIES	COM	00971t101	232	4,000	SH		SOLE		0	0	4,000
ALLEGION PUB LTD CO ORD SHS	COM	G0176J109	562	10,790	SH		SOLE		0	0	10,790
ALLIANT ENERGY	COM	018802108	221	3,900	SH		SOLE		0	0	3,900
ALPS ETF TR ALERIAN MLP	COM	00162Q866	1,138	64,445	SH		SOLE		0	0	64,445
ALTRIA GROUP	COM	02209S103	4,622	123,508	SH		SOLE		0	0	123,508
ALTRIA GROUP	COM	02209S103	22	600	SH		OTR		0	0	600
AMAZON	COM	023135106	5,227	15,542	SH		SOLE		0	0	15,542
AMERICAN ELECTRIC POWER	COM	025537101	440	8,700	SH		SOLE		0	0	8,700
AMERICAN EXPRESS	COM	025816109	3,343	37,140	SH		SOLE		0	0	37,140
AMERICAN INTL GROUP COM NEW	COM	026874784	5,329	106,564	SH		SOLE		0	0	106,564
AMERICAN STATES WATER	COM	029899101	413	12,801	SH		SOLE		0	0	12,801
AMERICAN TOWER REIT COM	COM	03027X100	323	3,950	SH		SOLE		0	0	3,950
AMERICAN WTR WKS CO IN COM	COM	030420103	569	12,550	SH		SOLE		0	0	12,550
AMGEN	COM	031162100	1,557	12,628	SH		SOLE		0	0	12,628
AMGEN	COM	031162100	314	2,550	SH		OTR		0	0	2,550
ANADARKO PETROLEUM	COM	032511107	668	7,885	SH		SOLE		0	0	7,885
APPLE COMPUTER	COM	037833100	20,164	37,568	SH		SOLE		0	0	37,568
ARENA PHARMACEUTICALS COM	COM	040047102	283	45,000	SH		SOLE		0	0	45,000
AT&T, INC.	COM	00206R102	5,619	160,247	SH		SOLE		0	0	160,247
AT&T, INC.	COM	00206R102	271	7,733	SH		OTR		0	0	7,733
ATMOS ENERGY	COM	049560105	374	7,955	SH		SOLE		0	0	7,955
AUTOMATIC DATA PROCESSING	COM	053015103	235	3,050	SH		SOLE		0	0	3,050
BAIDU.COM ADS	COM	056752108	277	1,825	SH		SOLE		0	0	1,825
BAIDU.COM ADS	COM	056752108	22	150	SH		OTR		0	0	150
BANK OF AMERICA	COM	060505104	854	49,659	SH		SOLE		0	0	49,659
BARCLAYS BK PLC IPATH S&P500 V	COM	06742E711	817	19,400	SH		SOLE		0	0	19,400
BARD (C.R.) INC	COM	067383109	229	1,551	SH		SOLE		0	0	1,551
BARD (C.R.) INC	COM	067383109	446	3,015	SH		OTR		0	0	3,015
BAXTER INTERNATIONAL	COM	071813109	2,165	29,429	SH		SOLE		0	0	29,429
BECTON DICKINSON	COM	075887109	1,241	10,600	SH		SOLE		0	0	10,600
BELL CANADA ENTERPRISES (NEW)	COM	05534B760	858	19,900	SH		SOLE		0	0	19,900
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	3,879	31,044	SH		SOLE		0	0	31,044
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	62	500	SH		OTR		0	0	500
BIOGEN IDEC INC	COM	09062X103	229	750	SH		SOLE		0	0	750
BIOLASE INC COM	COM	090911108	130	54,270	SH		SOLE		0	0	54,270
BIOTECHNOLOGY	COM	464287556	4,612	19,512	SH		SOLE		0	0	19,512
BIOTECHNOLOGY	COM	464287556	189	800	SH		OTR		0	0	800
BLACK HILLS	COM	092113109	461	8,000	SH		SOLE		0	0	8,000
BOEING	COM	097023105	6,797	54,171	SH		SOLE		0	0	54,171
BOEING	COM	097023105	25	200	SH		OTR		0	0	200
BRISTOL MYERS SQUIBB	COM	110122108	2,438	46,948	SH		SOLE		0	0	46,948
BROWN FORMAN CORP CL A	COM	115637100	333	3,750	SH		SOLE		0	0	3,750
BT GROUP PLC ADR	COM	05577E101	881	13,800	SH		SOLE		0	0	13,800
CANADIAN NATIONAL RAILWAY	COM	136375102	747	13,300	SH		SOLE		0	0	13,300
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	1,124	7,475	SH		SOLE		0	0	7,475
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	30	200	SH		OTR		0	0	200
CARDINAL HEALTH	COM	14149Y108	251	3,593	SH		SOLE		0	0	3,593
CATERPILLAR	COM	149123101	3,592	36,152	SH		SOLE		0	0	36,152
CBS CL B	COM	124857202	531	8,600	SH		SOLE		0	0	8,600
CELGENE	COM	151020104	2,896	20,750	SH		SOLE		0	0	20,750
CHENIERE ENERGY INC COM NEW	COM	16411R208	237	4,292	SH		SOLE		0	0	4,292
CHEVRON CORP	COM	166764100	6,654	55,965	SH		SOLE		0	0	55,965
CHEVRON CORP	COM	166764100	544	4,576	SH		OTR		0	0	4,576
CHICAGO BRIDGE & IRON	COM	167250109	596	6,850	SH		SOLE		0	0	6,850
CHINA GOLD CORP COM	COM	16938L106	0	140,000	SH		SOLE		0	0	140,000
CHUBB CORP	COM	171232101	3,146	35,235	SH		SOLE		0	0	35,235
CHUBB CORP	COM	171232101	44	500	SH		OTR		0	0	500
CIGNA	COM	125509109	971	11,600	SH		SOLE		0	0	11,600
CISCO SYSTEMS	COM	17275R102	716	31,957	SH		SOLE		0	0	31,957
CITIGROUP	COM	172967424	2,943	61,832	SH		SOLE		0	0	61,832
CLEARBRIDGE ENERGY MLP COM	COM	184692101	1,544	58,015	SH		SOLE		0	0	58,015
CLOROX COMPANY	COM	189054109	426	4,850	SH		SOLE		0	0	4,850
COCA COLA	COM	191216100	5,833	150,900	SH		SOLE		0	0	150,900
COGNIZANT TECH SOLUTIONS	COM	192446102	918	18,150	SH		SOLE		0	0	18,150
COLGATE PALMOLIVE	COM	194162103	2,974	45,856	SH		SOLE		0	0	45,856
COMCAST CORP CL A	COM	20030N101	1,791	35,797	SH		SOLE		0	0	35,797
COMMUNITY HEALTH	COM	203668108	472	12,075	SH		SOLE		0	0	12,075
CONOCOPHILLIPS	COM	20825C104	1,097	15,598	SH		SOLE		0	0	15,598
CONSOLIDATED EDISON	COM	209115104	2,634	49,097	SH		SOLE		0	0	49,097
CORNING	COM	219350105	397	19,100	SH		SOLE		0	0	19,100
COSTCO WHOLESALE	COM	22160K105	463	4,150	SH		SOLE		0	0	4,150
COVIDIEN LTD COM	COM	g2554f105	421	5,717	SH		SOLE		0	0	5,717
CRANE	COM	224399105	241	3,400	SH		SOLE		0	0	3,400
CREE	COM	225447101	234	4,150	SH		SOLE		0	0	4,150
CSX	COM	126408103	2,360	81,473	SH		SOLE		0	0	81,473
CUMMINS	COM	231021106	1,020	6,850	SH		SOLE		0	0	6,850
CURRENCYSHS SWEDISH KR SWEDISH	COM	23129R108	384	2,500	SH		SOLE		0	0	2,500
CURRENCYSHSSWISS FRANC SWISS F	COM	23129V109	464	4,200	SH		SOLE		0	0	4,200
CVS CORP	COM	126650100	729	9,749	SH		SOLE		0	0	9,749
DAVITA	COM	23918K108	403	5,866	SH		SOLE		0	0	5,866
DCP MIDSTREAM PARTNERS LP MLP	COM	23311p100	353	7,050	SH		SOLE		0	0	7,050
DEERE	COM	244199105	1,802	19,850	SH		SOLE		0	0	19,850
DIRECTV COM	COM	25490A309	1,333	17,450	SH		SOLE		0	0	17,450
DIRECTV COM	COM	25490A309	18	240	SH		OTR		0	0	240
DJ US HEALTHCARE	COM	464287762	7,097	57,686	SH		SOLE		0	0	57,686
DJ US HEALTHCARE PROVIDERS	COM	464288828	1,547	15,658	SH		SOLE		0	0	15,658
DJ US MEDICAL DEVICES	COM	464288810	1,534	15,525	SH		SOLE		0	0	15,525
DJ US TECHNOLOGY	COM	464287721	1,519	16,687	SH		SOLE		0	0	16,687
DJ US UTILITIES SECTOR	COM	464287697	328	3,150	SH		SOLE		0	0	3,150
DIRECTV COM	COM	25490A309	52	500	SH		OTR		0	0	500
DNP SELECT INCOME	COM	23325P104	180	18,410	SH		SOLE		0	0	18,410
DOMINION RESOURCES	COM	25746U109	4,364	61,477	SH		SOLE		0	0	61,477
DOMINION RESOURCES	COM	25746U109	70	1,000	SH		OTR		0	0	1,000
DOVER	COM	260003108	322	3,950	SH		SOLE		0	0	3,950
DOW CHEMICAL	COM	260543103	559	11,510	SH		SOLE		0	0	11,510
DU PONT	COM	263534109	4,529	67,504	SH		SOLE		0	0	67,504
DU PONT	COM	263534109	33	500	SH		OTR		0	0	500
DUKE ENERGY CORP NEW	COM	26441c204	3,244	45,550	SH		SOLE		0	0	45,550
DUKE REALTY INVESTMENTS	COM	264411505	758	44,957	SH		SOLE		0	0	44,957
EASTMAN CHEMICAL	COM	277432100	975	11,320	SH		SOLE		0	0	11,320
ECOLAB	COM	278865100	421	3,900	SH		SOLE		0	0	3,900
EDWARDS LIFESCIENCES	COM	28176E108	267	3,602	SH		SOLE		0	0	3,602
EL PASO PIPELINE PTNRS COM UNI	COM	283702108	551	18,150	SH		SOLE		0	0	18,150
ELI LILLY	COM	532457108	305	5,190	SH		SOLE		0	0	5,190
EMC	COM	268648102	1,240	45,270	SH		SOLE		0	0	45,270
EMERSON ELECTRIC	COM	291011104	2,347	35,139	SH		SOLE		0	0	35,139
ENERGY TRANSFER EQUITY COM UT	COM	29273V100	1,577	33,740	SH		SOLE		0	0	33,740
ENERGY TRANSFER PARTNERS LP ML	COM	29273R109	816	15,187	SH		SOLE		0	0	15,187
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	10,413	150,134	SH		SOLE		0	0	150,134
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	62	905	SH		OTR		0	0	905
EOG RESOURCES	COM	26875P101	530	5,404	SH		SOLE		0	0	5,404
EQUITY RESIDENTIAL	COM	29476L107	315	5,440	SH		SOLE		0	0	5,440
EXPRESS SCRIPTS	COM	30219g108	930	12,389	SH		SOLE		0	0	12,389
EXXON MOBIL	COM	30231G102	15,443	158,098	SH		SOLE		0	0	158,098
EXXON MOBIL	COM	30231G102	412	4,224	SH		OTR		0	0	4,224
F M C CORP COM NEW	COM	302491303	788	10,300	SH		SOLE		0	0	10,300
F5 NETWORKS	COM	315616102	207	1,950	SH		SOLE		0	0	1,950
FACEBOOK INC CL A	COM	30303m102	1,598	26,543	SH		SOLE		0	0	26,543
FEDEX	COM	31428x106	1,544	11,651	SH		SOLE		0	0	11,651
FIRST TR EXCH TRD FD DJ INTERN	COM	33733E302	6,394	108,302	SH		SOLE		0	0	108,302
FIRST TR ISE WTR INDEX COM	COM	33733B100	254	7,380	SH		SOLE		0	0	7,380
FIRST TRUST ENERGY INCOME & GR	COM	33738g104	1,178	35,992	SH		SOLE		0	0	35,992
FLUOR	COM	343412102	874	11,250	SH		SOLE		0	0	11,250
FOREST LABORATORIES	COM	345838106	378	4,100	SH		SOLE		0	0	4,100
FREEPORT MCMORAN COPPER & GOLD	COM	35671d857	1,149	34,755	SH		SOLE		0	0	34,755
FTSE/XINHUA CHINA 25	COM	464287184	276	7,725	SH		SOLE		0	0	7,725
GASLOG LTD SHS	COM	G37585109	309	13,300	SH		SOLE		0	0	13,300
GENERAL DYNAMICS	COM	369550108	1,685	15,475	SH		SOLE		0	0	15,475
GENERAL ELECTRIC	COM	369604103	6,311	243,774	SH		SOLE		0	0	243,774
GENERAL MILLS	COM	370334104	2,750	53,074	SH		SOLE		0	0	53,074
GENERAL MILLS	COM	370334104	31	600	SH		OTR		0	0	600
GENESIS ENERGY LP MLP	COM	371927104	1,465	27,035	SH		SOLE		0	0	27,035
GILEAD SCIENCES	COM	375558103	1,266	17,880	SH		SOLE		0	0	17,880
GLAXOSMITHKLINE ADR	COM	37733W105	614	11,492	SH		SOLE		0	0	11,492
GLOBAL X FDS SOCIAL MED ETF	COM	37950E416	258	13,250	SH		SOLE		0	0	13,250
GOLAR LNG LTD BERMUDA SHS	COM	g9456a100	266	6,400	SH		SOLE		0	0	6,400
GOLDMAN SACHS GROUP	COM	38141G104	504	3,076	SH		SOLE		0	0	3,076
GOLDMAN SACHS MLP INC COM SHS	COM	38147W103	2,449	128,464	SH		SOLE		0	0	128,464
GOLDMAN SACHS MLP INC COM SHS	COM	38147W103	12	630	SH		OTR		0	0	630
GOLDMAN SACHS TECHNOLOGY	COM	464287549	201	2,220	SH		SOLE		0	0	2,220
GOOGLE- SYMBOL CHANGE 4/02/201	COM	xxxxxxxxx	5,368	4,817	SH		SOLE		0	0	4,817
HALLIBURTON	COM	406216101	711	12,075	SH		SOLE		0	0	12,075
HANSEN MEDICAL INC COM	COM	411307101	260	100,000	SH		SOLE		0	0	100,000
HELMERICH & PAYNE	COM	423452101	467	4,350	SH		SOLE		0	0	4,350
HERSHEY COMPANY	COM	427866108	2,112	20,235	SH		SOLE		0	0	20,235
HERSHEY COMPANY	COM	427866108	52	500	SH		OTR		0	0	500
HOLLY ENERGY PARTNERS LP	COM	435763107	545	16,460	SH		SOLE		0	0	16,460
HOLLYWOOD INTER INC COM	COM	436224109	0	80,000	SH		SOLE		0	0	80,000
HOME DEPOT	COM	437076102	5,852	73,965	SH		SOLE		0	0	73,965
HONEYWELL INTERNATIONAL	COM	438516106	4,725	50,946	SH		SOLE		0	0	50,946
HOWARD HUGHES CORP COM	COM	44267D107	356	2,500	SH		SOLE		0	0	2,500
HSBC HLDGS PLC SPON ADR NEW	COM	404280406	287	5,649	SH		SOLE		0	0	5,649
IBM	COM	459200101	12,350	64,160	SH		SOLE		0	0	64,160
IBM	COM	459200101	76	400	SH		OTR		0	0	400
ILLINOIS TOOL WORKS	COM	452308109	448	5,520	SH		SOLE		0	0	5,520
INGERSOLL RAND	COM	G47791101	1,684	29,420	SH		SOLE		0	0	29,420
INTEL	COM	458140100	1,835	71,099	SH		SOLE		0	0	71,099
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	602	6,300	SH		SOLE		0	0	6,300
INTERNATIONAL PAPER	COM	460146103	2,240	48,834	SH		SOLE		0	0	48,834
ISHARES COMEX GOLD TR ISHARES	COM	464285105	140	11,285	SH		SOLE		0	0	11,285
ISHARES TR DJ HOME CONSTN	COM	464288752	1,850	76,395	SH		SOLE		0	0	76,395
ISHARES TR DJ INS INDX FD	COM	464288786	1,559	33,965	SH		SOLE		0	0	33,965
ISHARES TR DJ OIL EQUIP	COM	464288844	1,305	19,100	SH		SOLE		0	0	19,100
ISHARES TR DJ OIL EQUIP	COM	464288844	34	500	SH		OTR		0	0	500
ISHARES TR DJ PHARMA INDX	COM	464288836	5,405	42,665	SH		SOLE		0	0	42,665
ISHARES TR DJ US FINL SEC	COM	464287788	698	8,540	SH		SOLE		0	0	8,540
ISHARES TR RESIDENT INDEX	COM	464288562	261	5,219	SH		SOLE		0	0	5,219
ISHARES TR S&P GL C STAPL	COM	464288737	338	3,915	SH		SOLE		0	0	3,915
JARDEN CORP COM	COM	471109108	216	3,625	SH		SOLE		0	0	3,625
JOHNSON & JOHNSON	COM	478160104	10,879	110,751	SH		SOLE		0	0	110,751
JOHNSON CONTROLS	COM	478366107	342	7,233	SH		SOLE		0	0	7,233
JP MORGAN CHASE	COM	46625H100	4,986	82,140	SH		SOLE		0	0	82,140
JP MORGAN CHASE	COM	46625H100	18	300	SH		OTR		0	0	300
JPMORGAN CHASE & CO ALERIAN ML	COM	46625H365	253	5,440	SH		SOLE		0	0	5,440
JUNIPER NETWORKS	COM	48203r104	302	11,750	SH		SOLE		0	0	11,750
KAYNE ANDERSON MLP	COM	486606106	1,585	43,179	SH		SOLE		0	0	43,179
KELLOGG	COM	487836108	300	4,799	SH		SOLE		0	0	4,799
KIMBERLY CLARK	COM	494368103	1,876	17,022	SH		SOLE		0	0	17,022
KIMBERLY CLARK	COM	494368103	33	300	SH		OTR		0	0	300
KINDER MORGAN	COM	49456b101	553	17,025	SH		SOLE		0	0	17,025
KINDER MORGAN 100,000THS	COM	eke55u103	0	1,275,858	SH		SOLE		0	0	1,275,858
KINDER MORGAN MGMT LLC SHS	COM	49455U100	1,878	26,209	SH		SOLE		0	0	26,209
KRAFT FOODS GROUP INC COM	COM	50076Q106	567	10,119	SH		SOLE		0	0	10,119
KROGER	COM	501044101	783	17,958	SH		SOLE		0	0	17,958
LEAR CORP	COM	521865204	604	7,225	SH		SOLE		0	0	7,225
LEGACY RESERVES LP UNIT LP INT	COM	524707304	204	8,250	SH		SOLE		0	0	8,250
LIBERTY MEDIA CORP DEL CL A	COM	531229102	519	3,975	SH		SOLE		0	0	3,975
LOCKHEED MARTIN	COM	539830109	1,517	9,299	SH		SOLE		0	0	9,299
LOWES COMPANIES	COM	548661107	1,092	22,343	SH		SOLE		0	0	22,343
LYONDELLBASELL INDUSTR SHS - A	COM	N53745100	404	4,550	SH		SOLE		0	0	4,550
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	10,275	147,342	SH		SOLE		0	0	147,342
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	83	1,200	SH		OTR		0	0	1,200
MAGNA INTL INC CL A	COM	559222401	871	9,050	SH		SOLE		0	0	9,050
MANNKIND CORP COM	COM	56400P201	323	80,500	SH		SOLE		0	0	80,500
MARKET VECTORS ETF TR BIOTECH	COM	57060U183	5,518	60,687	SH		SOLE		0	0	60,687
MARKET VECTORS ETF TR GOLD MIN	COM	57060U100	558	23,650	SH		SOLE		0	0	23,650
MARKWEST ENERGY PARTNERS LP ML	COM	570759100	1,055	16,165	SH		SOLE		0	0	16,165
MCDONALDS	COM	580135101	6,379	65,080	SH		SOLE		0	0	65,080
MCKESSON	COM	58155Q103	1,968	11,150	SH		SOLE		0	0	11,150
MEAD JOHNSON NUTRI CO COM CL A	COM	582839106	1,256	15,110	SH		SOLE		0	0	15,110
MEDTRONIC	COM	585055106	272	4,425	SH		SOLE		0	0	4,425
MERCK & CO INC NEW COM	COM	58933Y105	2,947	51,918	SH		SOLE		0	0	51,918
MERRIMACK PHARMACEUTIC COM	COM	590328100	81	16,142	SH		SOLE		0	0	16,142
MICROSOFT	COM	594918104	1,860	45,386	SH		SOLE		0	0	45,386
MIMEDX GROUP INC COM	COM	602496101	122	20,000	SH		SOLE		0	0	20,000
MMM (3M COMPANY)	COM	88579Y101	9,423	69,465	SH		SOLE		0	0	69,465
MONDELEZ INTL INC CL A	COM	609207105	384	11,137	SH		SOLE		0	0	11,137
MORGAN STANLEY EMERGING	COM	617477104	156	11,894	SH		SOLE		0	0	11,894
MSCI EAFE	COM	464287465	2,842	42,292	SH		SOLE		0	0	42,292
MSCI EMERGING MARKET	COM	464287234	639	15,604	SH		SOLE		0	0	15,604
NATIONAL FUEL GAS	COM	636180101	589	8,410	SH		SOLE		0	0	8,410
NATIONAL OILWELL VARCO	COM	637071101	268	3,450	SH		SOLE		0	0	3,450
NEXTERA ENERGY INC COM	COM	65339F101	949	9,934	SH		SOLE		0	0	9,934
NORFOLK SOUTHERN	COM	655844108	1,469	15,122	SH		SOLE		0	0	15,122
NORTHEAST UTILITIES	COM	664397106	311	6,851	SH		SOLE		0	0	6,851
NORTHEAST UTILITIES	COM	664397106	65	1,443	SH		OTR		0	0	1,443
NORTHROP GRUMMAN	COM	666807102	325	2,642	SH		SOLE		0	0	2,642
NOVARTIS AG ADR	COM	66987V109	1,143	13,449	SH		SOLE		0	0	13,449
NOVO NORDISK A/S ADR	COM	670100205	732	16,050	SH		SOLE		0	0	16,050
NUSTAR GP HOLDINGS LLC UNIT RE	COM	67059L102	403	11,850	SH		SOLE		0	0	11,850
OCCIDENTAL PETROLEUM	COM	674599105	1,113	11,688	SH		SOLE		0	0	11,688
OCCIDENTAL PETROLEUM	COM	674599105	20	210	SH		OTR		0	0	210
OCEANEERING INTL INC COM	COM	675232102	240	3,350	SH		SOLE		0	0	3,350
ONEOK	COM	682680103	429	7,240	SH		SOLE		0	0	7,240
ONEOK PARTNERS LP MLP	COM	68268N103	2,007	37,497	SH		SOLE		0	0	37,497
ORACLE	COM	68389X105	642	15,717	SH		SOLE		0	0	15,717
OTTER TAIL	COM	689648103	230	7,500	SH		SOLE		0	0	7,500
PENTAIR LTD SHS	COM	H6169Q108	320	4,037	SH		SOLE		0	0	4,037
PEPSICO	COM	713448108	7,281	87,207	SH		SOLE		0	0	87,207
PEPSICO	COM	713448108	41	500	SH		OTR		0	0	500
PFIZER	COM	717081103	1,369	42,646	SH		SOLE		0	0	42,646
PG & E	COM	69331C108	317	7,350	SH		SOLE		0	0	7,350
PHILIP MORRIS INTL INC COM	COM	718172109	2,269	27,723	SH		SOLE		0	0	27,723
PIEDMONT NATURAL GAS	COM	720186105	1,134	32,045	SH		SOLE		0	0	32,045
PIEDMONT NATURAL GAS	COM	720186105	42	1,200	SH		OTR		0	0	1,200
PIONEER NATURAL RESOURCES	COM	723787107	9,796	52,350	SH		SOLE		0	0	52,350
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	4,084	74,104	SH		SOLE		0	0	74,104
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	44	800	SH		OTR		0	0	800
POWERSHARES DYNAMIC BIOTECH &	COM	73935x856	217	5,220	SH		SOLE		0	0	5,220
POWERSHARES ETF TRUST CON STAP	COM	73935X393	480	10,740	SH		SOLE		0	0	10,740
POWERSHARES ETF TRUST ENERGY S	COM	73935X385	480	8,302	SH		SOLE		0	0	8,302
POWERSHARES ETF TRUST NASD INT	COM	73935X146	517	7,850	SH		SOLE		0	0	7,850
POWERSHARES ETF TRUST WATER RE	COM	73935X575	435	16,320	SH		SOLE		0	0	16,320
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	10,560	120,456	SH		SOLE		0	0	120,456
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	26	300	SH		OTR		0	0	300
POWERSHS DB MULTI SECT DB GOLD	COM	73936B606	611	14,225	SH		SOLE		0	0	14,225
POWERSHS DB MULTI SECT DB PREC	COM	73936B200	950	22,980	SH		SOLE		0	0	22,980
PPL	COM	69351T106	372	11,247	SH		SOLE		0	0	11,247
PROCTER & GAMBLE	COM	742718109	7,781	96,543	SH		SOLE		0	0	96,543
PROCTER & GAMBLE	COM	742718109	32	400	SH		OTR		0	0	400
PRUDENTIAL FINANCIAL	COM	744320102	317	3,748	SH		SOLE		0	0	3,748
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	1,420	37,252	SH		SOLE		0	0	37,252
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	69	1,812	SH		OTR		0	0	1,812
QUALCOMM	COM	747525103	224	2,850	SH		SOLE		0	0	2,850
QUANTA SVCS INC COM	COM	74762E102	232	6,300	SH		SOLE		0	0	6,300
RAYONIER	COM	754907103	585	12,762	SH		SOLE		0	0	12,762
ROPER INDUSTRIES	COM	776696106	534	4,000	SH		SOLE		0	0	4,000
ROSE ROCK MIDSTREAM L COM U RE	COM	777149105	661	15,950	SH		SOLE		0	0	15,950
ROYAL DUTCH CL A ADR NEW	COM	780259206	817	11,195	SH		SOLE		0	0	11,195
ROYAL DUTCH CL A ADR NEW	COM	780259206	30	413	SH		OTR		0	0	413
ROYAL DUTCH CL B ADR NEW	COM	780259107	255	3,271	SH		SOLE		0	0	3,271
RUSSELL MIDCAP GROWTH	COM	464287481	1,260	14,695	SH		SOLE		0	0	14,695
SANDISK	COM	80004c101	637	7,850	SH		SOLE		0	0	7,850
SBA COMMUNICATIONS CRP COM	COM	78388J106	641	7,050	SH		SOLE		0	0	7,050
SCHLUMBERGER	COM	806857108	4,844	49,684	SH		SOLE		0	0	49,684
SCHLUMBERGER	COM	806857108	39	400	SH		OTR		0	0	400
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y308	1,293	30,048	SH		SOLE		0	0	30,048
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	6,263	280,364	SH		SOLE		0	0	280,364
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	22	1,000	SH		OTR		0	0	1,000
SIEMENS AG ADR	COM	826197501	1,807	13,376	SH		SOLE		0	0	13,376
SIMON PROPERTY	COM	828806109	579	3,536	SH		SOLE		0	0	3,536
SKYWORKS SOLUTIONS	COM	83088m102	554	14,775	SH		SOLE		0	0	14,775
SMUCKER JM	COM	832696405	510	5,250	SH		SOLE		0	0	5,250
SOUTHERN COMPANY	COM	842587107	2,151	48,955	SH		SOLE		0	0	48,955
SOUTHWEST GAS	COM	844895102	219	4,100	SH		SOLE		0	0	4,100
SPDR DOW JONES INDL AV UT SER	COM	78467X109	2,564	15,615	SH		SOLE		0	0	15,615
SPDR ENERGY	COM	81369Y506	3,010	33,806	SH		SOLE		0	0	33,806
SPDR HEALTH CARE	COM	81369y209	5,508	94,180	SH		SOLE		0	0	94,180
SPDR INDEX SHS FDS EURO STOXX	COM	78463X202	7,650	179,325	SH		SOLE		0	0	179,325
SPDR INDUSTRIAL SECTOR	COM	81369y704	2,780	53,125	SH		SOLE		0	0	53,125
SPDR MATERIALS SECTOR	COM	81369y100	1,334	28,217	SH		SOLE		0	0	28,217
SPDR MATERIALS SECTOR	COM	81369y100	4	100	SH		OTR		0	0	100
SPDR MID CAP 400	COM	78467Y107	311	1,244	SH		SOLE		0	0	1,244
SPDR SERIES TRUST S&P BIOTECH	COM	78464A870	2,863	20,100	SH		SOLE		0	0	20,100
SPDR SERIES TRUST S&P OILGAS E	COM	78464a730	506	7,050	SH		SOLE		0	0	7,050
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	655	7,777	SH		SOLE		0	0	7,777
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	29	350	SH		OTR		0	0	350
SPDR SP500 TRUST SR 1	COM	78462F103	3,523	18,840	SH		SOLE		0	0	18,840
SPDR UTILITIES SELECT	COM	81369Y886	1,780	42,933	SH		SOLE		0	0	42,933
ST JUDE MEDICAL	COM	790849103	985	15,075	SH		SOLE		0	0	15,075
STANLEY BLACK & DECKER COM	COM	854502101	438	5,400	SH		SOLE		0	0	5,400
STARBUCKS	COM	855244109	2,189	29,836	SH		SOLE		0	0	29,836
STARWOOD PPTY TR INC COM	COM	85571B105	707	30,000	SH		SOLE		0	0	30,000
STATE STREET	COM	857477103	389	5,600	SH		SOLE		0	0	5,600
STMICROELECTRONICS NV ADR	COM	861012102	469	50,865	SH		SOLE		0	0	50,865
STREETTRACKS GOLD SHARES	COM	78463v107	879	7,117	SH		SOLE		0	0	7,117
STREETTRACKS MORGAN STANLEY TE	COM	78464a102	1,305	14,105	SH		SOLE		0	0	14,105
STREETTRACKS SER TR SPDR HOMEB	COM	78464a888	801	24,615	SH		SOLE		0	0	24,615
STRYKER	COM	863667101	1,459	17,916	SH		SOLE		0	0	17,916
SUNOCO LOGISTICS PT LP COM UNI	COM	86764L108	1,036	11,410	SH		SOLE		0	0	11,410
T-MOBILE US INC COM	COM	872590104	680	20,600	SH		SOLE		0	0	20,600
TARGA RES PARTNERS LP COM UNIT	COM	87611X105	711	12,650	SH		SOLE		0	0	12,650
TECHNOLOGY SELECT SECT SPDR	COM	81369Y803	2,860	78,695	SH		SOLE		0	0	78,695
TEEKAY LNG PARTNERS LP MLP	COM	y8564M105	387	9,380	SH		SOLE		0	0	9,380
TEEKAY OFFSHORE PTN LP PARTNER	COM	Y8565J101	310	9,475	SH		SOLE		0	0	9,475
TELUS CORP COM	COM	87971M103	532	14,820	SH		SOLE		0	0	14,820
TEXAS PACIFIC LAND TRUST	COM	882610108	394	3,050	SH		SOLE		0	0	3,050
TICC CAPITAL CORP COM	COM	87244T109	142	14,548	SH		SOLE		0	0	14,548
TIME WARNER	COM	887317303	380	5,825	SH		SOLE		0	0	5,825
TOYOTA MOTOR ADR	COM	892331307	936	8,295	SH		SOLE		0	0	8,295
TRANSCANADA	COM	89353D107	275	6,050	SH		SOLE		0	0	6,050
TRANSMONTAIGNE PARTNERS LP MLP	COM	89376v100	1,036	24,050	SH		SOLE		0	0	24,050
TYCO INTL	COM	H89128104	242	5,713	SH		SOLE		0	0	5,713
UBS AG JERSEY BRH ALERIAN INFR	COM	902641646	3,229	81,090	SH		SOLE		0	0	81,090
UGI CORP	COM	902681105	736	16,150	SH		SOLE		0	0	16,150
UGI CORP	COM	902681105	123	2,700	SH		OTR		0	0	2,700
UNION PACIFIC	COM	907818108	4,764	25,388	SH		SOLE		0	0	25,388
UNION PACIFIC	COM	907818108	150	800	SH		OTR		0	0	800
UNITED PARCEL SERVICE CL B	COM	911312106	3,766	38,676	SH		SOLE		0	0	38,676
UNITED RENTALS	COM	911363109	476	5,015	SH		SOLE		0	0	5,015
UNITED TECHNOLOGIES	COM	913017109	11,569	99,022	SH		SOLE		0	0	99,022
UNITED TECHNOLOGIES	COM	913017109	46	400	SH		OTR		0	0	400
VALEANT PHARMACEUTICAL COM	COM	91911K102	2,555	19,385	SH		SOLE		0	0	19,385
VANGUARD EMERGING MARKETS VIPE	COM	922042858	3,605	88,849	SH		SOLE		0	0	88,849
VANGUARD INDEX FDS REIT ETF	COM	922908553	2,463	34,880	SH		SOLE		0	0	34,880
VANGUARD SPECIALIZED DIV APP E	COM	921908844	215	2,867	SH		SOLE		0	0	2,867
VANGUARD TELECOM SERVICES VIPE	COM	92204A884	870	10,225	SH		SOLE		0	0	10,225
VANGUARD WORLD FDS HEALTH CAR	COM	92204A504	307	2,880	SH		SOLE		0	0	2,880
VANGUARD WORLD FDS INF TECH ET	COM	92204A702	4,631	50,605	SH		SOLE		0	0	50,605
VERIZON COMMUNICATIONS	COM	92343V104	11,616	244,194	SH		SOLE		0	0	244,194
VERIZON COMMUNICATIONS	COM	92343V104	172	3,628	SH		OTR		0	0	3,628
VIACOM CL B NEW	COM	92553P201	1,023	12,047	SH		SOLE		0	0	12,047
VISA INC COM CL A	COM	92826C839	1,941	8,995	SH		SOLE		0	0	8,995
VODAFONE GROUP PLC ADR	COM	92857W308	472	12,836	SH		SOLE		0	0	12,836
VODAFONE GROUP PLC ADR	COM	92857W308	48	1,304	SH		OTR		0	0	1,304
WABCO HLDGS INC COM	COM	92927K102	226	2,150	SH		SOLE		0	0	2,150
WAL-MART STORES	COM	931142103	2,694	35,255	SH		SOLE		0	0	35,255
WALT DISNEY	COM	254687106	6,283	78,477	SH		SOLE		0	0	78,477
WASHINGTON TRUST BANCORP	COM	940610108	226	6,057	SH		SOLE		0	0	6,057
WELLS FARGO	COM	949746101	1,334	26,836	SH		SOLE		0	0	26,836
WESTAR ENERGY	COM	95709T100	374	10,650	SH		SOLE		0	0	10,650
WESTERN GAS PARTNRS LP COM UNI	COM	958254104	814	12,300	SH		SOLE		0	0	12,300
WHITING PETE CORP NEW COM	COM	966387102	350	5,050	SH		SOLE		0	0	5,050
WHOLE FOODS MKT INC COM	COM	966837106	728	14,375	SH		SOLE		0	0	14,375
WILLIAMS PARTNERS L P COM UNIT	COM	96950F104	456	8,956	SH		SOLE		0	0	8,956
WISDOMTREE TRUST JP TOTAL DIVI	COM	97717W851	3,297	69,650	SH		SOLE		0	0	69,650
WISDOMTREE TRUST LRGECP VALUE	COM	97717W547	626	10,707	SH		SOLE		0	0	10,707
WYNN RESORTS LTD COM	COM	983134107	840	3,785	SH		SOLE		0	0	3,785
YAHOO	COM	984332106	3,616	100,735	SH		SOLE		0	0	100,735
YUM! BRANDS	COM	988498101	1,081	14,350	SH		SOLE		0	0	14,350
ACCESS MIDSTREAM PARTN UNIT	LP	00434L109	376	6,550	SH		SOLE		0	0	6,550
CONSULTING GRP CAP MKT GV MONE	MF	210474102	19	19,680	SH		SOLE		0	0	19,680
DREYFUS HI YLD STRATEG SH BEN	MF	26200S101	44	10,680	SH		SOLE		0	0	10,680
ISHARES TR US PFD STK IDX	PFD	464288687	347	8,905	SH		SOLE		0	0	8,905
LEHMAN BROS HLDG INC E FR 11%1	PFD	525ESC5T2	0	10,000	SH		SOLE		0	0	10,000
MANNKIND CORP WT 020816	WT	56400P508	31	20,000	SH		SOLE		0	0	20,000