Fca 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

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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
3M Co	COM	88579Y101	2,814	17,118	SH		SOLE		0	0	17,118
Alexandria Real	COM	015271109	285	1,850	SH		DFND		1,850	0	0
Allstate Corp	COM	020002101	2,427	22,334	SH		SOLE		0	0	22,334
American Tower-A	ADR	03027X100	553	2,500	SH		DFND		2,500	0	0
Amgen Inc	COM	031162100	3,416	17,655	SH		SOLE		0	0	17,655
Apple Inc	COM	037833100	587	2,623	SH		SOLE		0	0	2,623
Apple Inc	COM	037833100	672	3,000	SH		DFND		3,000	0	0
Artesian Resource Corp	COM	043113208	3,097	83,692	SH		SOLE		0	0	83,692
Astrazeneca-Adr	ADR	046353108	357	8,000	SH		DFND		8,000	0	0
AT&T Inc	COM	00206R102	243	6,413	SH		SOLE		0	0	6,413
Automatic Data Processing	COM	053015103	239	1,483	SH		SOLE		0	0	1,483
Avalonbay Commun	COM	053484101	280	1,300	SH		DFND		1,300	0	0
Banco Santan-Adr	ADR	05964H105	81	20,162	SH		DFND		20,162	0	0
Bank Of America Corporation	COM	060505104	525	17,988	SH		SOLE		0	0	17,988
Beasley Broadcast Grp Inc	COM	074014101	68	22,000	SH		DFND		22,000	0	0
Blackrock Intern L Grth & Inc Common	COM	092524107	2,744	505,268	SH		SOLE		0	0	505,268
Blackrock Muniyield Qty Iii	COM	09254E103	1,151	84,851	SH		SOLE		0	0	84,851
Bp Plc-Adr	ADR	055622104	525	13,816	SH		DFND		13,816	0	0
Cabot Microelectronics Corp	COM	12709P103	1,214	8,595	SH		SOLE		0	0	8,595
Cemex Sab-Sp Adr	ADR	151290889	137	35,000	SH		DFND		35,000	0	0
Chase Corp	COM	16150R104	5,760	52,653	SH		SOLE		0	0	52,653
Chevron Corp	COM	166764100	297	2,500	SH		DFND		2,500	0	0
Cimarex Energy Co	COM	171798101	1,596	33,293	SH		SOLE		0	0	33,293
Compania Cervecerias -Adr	ADR	204429104	320	14,401	SH		DFND		14,401	0	0
Consumer Discret Sel Sect Spdr(R) Etf	COM	81369Y407	4,848	40,162	SH		SOLE		0	0	40,162
Consumer Staples Select Sector Spdr(R) Etf	COM	81369Y308	3,873	63,049	SH		SOLE		0	0	63,049
Covanta Holding Corp	COM	22282E102	2,680	155,022	SH		SOLE		0	0	155,022
Crown Castle Int	COM	22822V101	278	2,000	SH		DFND		2,000	0	0
Csx Corp	COM	126408103	4,407	63,626	SH		SOLE		0	0	63,626
Cvs Health Corp	COM	126650100	1,371	21,736	SH		SOLE		0	0	21,736
Cyrusone, Inc.	COM	23283R100	411	5,200	SH		DFND		5,200	0	0
Dentsply Sirona Inc	COM	24906P109	267	5,000	SH		DFND		5,000	0	0
Diageo Plc-Adr	ADR	25243Q205	458	2,800	SH		DFND		2,800	0	0
Digital Realty	COM	253868103	278	2,141	SH		DFND		2,141	0	0
Duke Energy Corporation	COM	26441C204	216	2,254	SH		SOLE		0	0	2,254
Energy Select Sector Spdr(R) Etf	COM	81369Y506	2,325	39,267	SH		SOLE		0	0	39,267
Enterprise Products Partners Lp	COM	293792107	1,954	68,355	SH		SOLE		0	0	68,355
Essex Property	COM	297178105	294	900	SH		DFND		900	0	0
Everest Re Group Ltd	COM	G3223R108	3,233	12,149	SH		SOLE		0	0	12,149
Extra Space Stor	COM	30225T102	292	2,500	SH		DFND		2,500	0	0
Exxon Mobil Corporation	COM	30231G102	1,825	25,851	SH		SOLE		0	0	25,851
Fs Bancorp Inc	COM	30263Y104	248	4,731	SH		DFND		4,731	0	0
Genesee & Wyomin	COM	371559105	249	2,250	SH		DFND		2,250	0	0
Glaxosmithkl-Adr	ADR	37733W105	363	8,500	SH		DFND		8,500	0	0
Global Self Storage Inc	COM	37955N106	124	26,000	SH		DFND		26,000	0	0
Goldman Sachs Activebeta(R) Intl Eq Etf	COM	381430107	7,543	266,630	SH		SOLE		0	0	266,630
Goldman Sachs Activebeta(R) Us Lgcp Eq Etf	COM	381430503	3,574	59,671	SH		SOLE		0	0	59,671
Granite Point Mortgage	COM	38741L107	225	12,000	SH		DFND		12,000	0	0
Group 1 Automoti	COM	398905109	369	4,000	SH		DFND		4,000	0	0
Grupo Televisa - Adr	ADR	40049J206	147	15,000	SH		DFND		15,000	0	0
Hannon Armstrong	COM	41068X100	222	7,600	SH		DFND		7,600	0	0
Hdfc Bank Ltd - Adr	ADR	40415F101	456	8,000	SH		DFND		8,000	0	0
Ing Groep-Adr	ADR	456837103	105	10,000	SH		DFND		10,000	0	0
Ingles Markets Inc	COM	457030104	3,353	86,283	SH		SOLE		0	0	86,283
Inseego Corp	COM	45782B104	58	12,000	SH		SOLE		0	0	12,000
Intercontinental Hotels	COM	45857P806	256	4,103	SH		DFND		4,103	0	0
International Business Machines Corp	COM	459200101	206	1,417	SH		SOLE		0	0	1,417
Invesco Bulletshares 2023 Corp Bd Etf	COM	46138J866	2,325	109,201	SH		SOLE		0	0	109,201
Invesco China Real Estate	COM	46138E602	210	8,500	SH		DFND		8,500	0	0
Invesco Muni Opps. Trust Common	COM	46132C107	1,131	90,410	SH		SOLE		0	0	90,410
Invesco S&P 500(R) Eq Weight Hc Etf	COM	46137V332	3,972	20,269	SH		SOLE		0	0	20,269
Invesco S&P 500(R) Equal Weight Etf	COM	46137V357	4,138	38,290	SH		SOLE		0	0	38,290
Invesco S&P Global Water Index Etf	COM	46138E263	2,213	57,829	SH		SOLE		0	0	57,829
Iron Mountain Inc.	COM	46284V101	233	7,200	SH		DFND		7,200	0	0
Ishares 0-5 Year High Yield Corp Bd	COM	46434V407	236	5,075	SH		SOLE		0	0	5,075
Ishares Cali Amt-Free Muni Bond	COM	464288356	578	9,436	SH		SOLE		0	0	9,436
Ishares Cohen & Steers Reit	COM	464287564	2,923	24,354	SH		SOLE		0	0	24,354
Ishares Core S&P Mid-Cap	COM	464287507	4,032	20,865	SH		SOLE		0	0	20,865
Ishares Core Us Aggregate Bond	COM	464287226	1,555	13,739	SH		SOLE		0	0	13,739
Ishares Floating Rate Bond	COM	46429B655	6,141	120,477	SH		SOLE		0	0	120,477
Ishares Global Healthcare	COM	464287325	3,509	57,446	SH		SOLE		0	0	57,446
Ishares Global Tech Etf	COM	464287291	2,181	11,790	SH		SOLE		0	0	11,790
Ishares Iboxx $ Invst Grade Crp Bond	COM	464287242	1,644	12,894	SH		SOLE		0	0	12,894
Ishares Mbs	COM	464288588	1,492	13,774	SH		SOLE		0	0	13,774
Ishares Msci Eafe	COM	464287465	924	14,167	SH		SOLE		0	0	14,167
Ishares Msci Eafe Small-Cap	COM	464288273	3,861	67,457	SH		SOLE		0	0	67,457
Ishares National Amt-Free Muni Bond	COM	464288414	1,465	12,837	SH		SOLE		0	0	12,837
Ishares Russell 1000	COM	464287622	4,069	24,731	SH		SOLE		0	0	24,731
Ishares Russell 2000	COM	464287655	1,391	9,193	SH		SOLE		0	0	9,193
Ishares Russell Mid-Cap	COM	464287499	2,812	50,267	SH		SOLE		0	0	50,267
Ishares Select Dividend	COM	464287168	3,541	34,732	SH		SOLE		0	0	34,732
Ishares Short-Term National Muni Bond	COM	464288158	763	7,165	SH		SOLE		0	0	7,165
James Hardie Ind Plc Adr	ADR	47030M106	420	25,000	SH		DFND		25,000	0	0
Jh Financial Opportunities Common	COM	409735206	3,145	97,773	SH		SOLE		0	0	97,773
Jhancock Multifactor Large Cap Etf	COM	47804J107	1,256	32,689	SH		SOLE		0	0	32,689
Johnson & Johnson	COM	478160104	2,376	18,364	SH		SOLE		0	0	18,364
Jpmorgan Chase	COM	46625H100	247	2,100	SH		DFND		2,100	0	0
Jpmorgan Ultra-Short Income Etf	COM	46641Q837	1,518	30,099	SH		SOLE		0	0	30,099
Kvh Industries	COM	482738101	320	30,000	SH		DFND		30,000	0	0
Lennox Intl Inc	COM	526107107	413	1,700	SH		DFND		1,700	0	0
Lowe S Companies Inc	COM	548661107	2,380	21,646	SH		SOLE		0	0	21,646
Lowe'S Cos Inc	COM	548661107	286	2,600	SH		DFND		2,600	0	0
Metlife Inc	COM	59156R108	1,610	34,139	SH		SOLE		0	0	34,139
Microsoft Corp	COM	594918104	341	2,450	SH		SOLE		0	0	2,450
Microsoft Corp	COM	594918104	209	1,500	SH		DFND		2,450	0	0
Miller Ind Inc/Tenn	COM	600551204	599	18,000	SH		DFND		18,000	0	0
National Retail	COM	637417106	226	4,000	SH		DFND		4,000	0	0
National Western Life Insurance	COM	638517102	2,852	10,628	SH		SOLE		0	0	10,628
Netapp Inc	COM	64110D104	473	9,000	SH		DFND		9,000	0	0
New Residential Invmt	COM	64828T201	157	10,000	SH		DFND		10,000	0	0
Nice Systems-Adr	ADR	653656108	575	4,000	SH		DFND		4,000	0	0
Norfolk Southern	COM	655844108	539	3,000	SH		DFND		3,000	0	0
Northwest Natural Hldg Co	COM	66765N105	214	3,000	SH		DFND		3,000	0	0
Novartis Ag	COM	66987V109	1,997	22,978	SH		SOLE		0	0	22,978
Nuveen Intermediate Duration Muni Term	COM	670671106	1,788	130,222	SH		SOLE		0	0	130,222
Nxp Semiconductors Nv	COM	N6596X109	1,397	12,800	SH		SOLE		0	0	12,800
Old Republic International Corp	COM	680223104	1,570	66,616	SH		SOLE		0	0	66,616
Orbcomm Inc	COM	68555P100	95	20,000	SH		DFND		20,000	0	0
Pearson Plc	COM	705015105	181	20,000	SH		DFND		20,000	0	0
Phillips 66 Com	COM	718546104	1,627	15,888	SH		SOLE		0	0	15,888
Pimco Enhanced Short Maturity Etf	COM	72201R833	6,246	61,397	SH		SOLE		0	0	61,397
Powershrs Bulletshares 2019 Corp Etf	COM	46138J304	5,010	237,676	SH		SOLE		0	0	237,676
Powershrs Bulletshares 2019 Hy Corp Etf	COM	46138J403	240	10,040	SH		SOLE		0	0	10,040
Powershrs Bulletshares 2020 Corp Etf	COM	46138J502	5,792	271,915	SH		SOLE		0	0	271,915
Powershrs Bulletshares 2020 Hy Corp Etf	COM	46138J601	725	30,262	SH		SOLE		0	0	30,262
Powershrs Bulletshares 2021 Corp Etf	COM	46138J700	5,963	280,485	SH		SOLE		0	0	280,485
Powershrs Bulletshares 2022 Corp Etf	COM	46138J882	3,334	155,129	SH		SOLE		0	0	155,129
Powershrs Bulletshares 2022 Hy Corp Etf	COM	46138J874	4,066	166,837	SH		SOLE		0	0	166,837
Procter & Gamble	COM	742718109	435	3,500	SH		DFND		3,500	0	0
Qualcomm Inc	COM	747525103	404	5,302	SH		SOLE		0	0	5,302
Redwood Trust	COM	758075402	249	15,192	SH		DFND		15,192	0	0
Regions Financial Corp	COM	7591EP100	285	18,000	SH		DFND		18,000	0	0
Rgc Resources	COM	74955L103	949	32,444	SH		SOLE		0	0	32,444
Royce Micro Cap Trust Common	COM	780915104	2,714	337,571	SH		SOLE		0	0	337,571
Royce Value Trust Common	COM	780910105	161	11,718	SH		SOLE		0	0	11,718
Ryman Hospitality Prop	COM	78377T107	247	3,024	SH		DFND		3,024	0	0
Sba Communications Corp	COM	78410G104	482	2,000	SH		DFND		2,000	0	0
Schwab Emerging Markets Equity Etf(TM)	COM	808524706	311	12,360	SH		SOLE		0	0	12,360
Schwab Fundamental Us Large Company Etf	COM	808524771	2,564	64,818	SH		SOLE		0	0	64,818
Schwab International Equity Etf(TM)	COM	808524805	1,365	42,857	SH		SOLE		0	0	42,857
Schwab Us Aggregate Bond Etf(TM)	COM	808524839	1,562	29,006	SH		SOLE		0	0	29,006
Schwab Us Mid-Cap Etf(TM)	COM	808524508	1,626	28,762	SH		SOLE		0	0	28,762
Schwab Us Small-Cap Etf(TM)	COM	808524607	1,530	21,936	SH		SOLE		0	0	21,936
Skyworks Solutio	COM	83088M102	317	4,000	SH		DFND		4,000	0	0
Sony Corp Adr	ADR	835699307	532	9,000	SH		DFND		4,000	0	0
Spdr(R) Blmbg Barclays St Corp Bd Etf	COM	78464A474	5,860	189,967	SH		SOLE		0	0	189,967
Spdr(R) S&P 500 Etf	COM	78462F103	366	1,234	SH		SOLE		0	0	1,234
Spdr(R) S&P Midcap 400 Etf	COM	78467Y107	486	1,380	SH		SOLE		0	0	1,380
Store Capital	COM	862121100	284	7,600	SH		DFND		7,600	0	0
Stryker Corporation	COM	863667101	3,398	15,710	SH		SOLE		0	0	15,710
Tecnoglass Inc	COM	G87264100	205	25,200	SH		DFND		25,200	0	0
Templeton Emerging Markets	COM	880191101	2,104	143,530	SH		SOLE		0	0	143,530
Thermo Fisher	COM	883556102	583	2,000	SH		DFND		2,000	0	0
Tyson Foods Inc	COM	902494103	1,826	21,199	SH		SOLE		0	0	21,199
Udr Inc	COM	902653104	482	9,951	SH		SOLE		0	0	9,951
Unilever Nv-Nys	COM	904784709	540	9,000	SH		DFND		9,000	0	0
United Therapeut	COM	91307C102	219	2,750	SH		DFND		2,750	0	0
Valmont Industries Inc	COM	920253101	3,249	23,470	SH		SOLE		0	0	23,470
Vanguard Ftse Developed Markets Etf	COM	921943858	8,694	211,625	SH		SOLE		0	0	211,625
Vanguard Ftse Emerging Markets Etf	COM	922042858	1,221	30,340	SH		SOLE		0	0	30,340
Vanguard High Dividend Yield Etf	COM	921946406	1,220	13,752	SH		SOLE		0	0	13,752
Vanguard Information Technology Etf	COM	92204A702	9,374	43,490	SH		SOLE		0	0	43,490
Vanguard S&P 500 Etf	COM	922908363	330	1,210	SH		SOLE		0	0	1,210
Vanguard Short-Term Corporate Bond Etf	COM	92206C409	1,471	18,145	SH		SOLE		0	0	18,145
Ventas Inc	COM	92276F100	201	2,750	SH		DFND		2,750	0	0
Verizon Communications Inc	COM	92343V104	219	3,631	SH		SOLE		0	0	3,631
Visa Inc Class A	COM	92826C839	312	1,811	SH		SOLE		0	0	1,811
Voya Asia Pacific High Dividend Eq Inc	COM	92912J102	1,470	173,296	SH		SOLE		0	0	173,296
Voya Financial Inc	COM	929089100	2,658	48,825	SH		SOLE		0	0	48,825
Walt Disney Co	COM	254687106	791	6,073	SH		SOLE		0	0	6,073
Walt Disney Co	COM	254687106	391	3,000	SH		DFND		6,073	0	0
Wells Fargo & Co	COM	949746101	210	4,161	SH		DFND		4,161	0	0
Western Asset Glb Corp Def Opp Common	COM	95790C107	4,485	257,467	SH		SOLE		0	0	257,467
Western Asset High Income Opp	COM	95766K109	4,729	936,455	SH		SOLE		0	0	936,455
Williams Companies Inc	COM	969457100	1,182	49,110	SH		SOLE		0	0	49,110
Wp Carey Inc	COM	92936U109	400	4,470	SH		DFND		4,470	0	0
Wpx Energy Inc	COM	98212B103	243	22,944	SH		SOLE		0	0	22,944