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 |
Allstate Corp | COM | 020002101 | 1,866 | 22,578 | SH | | SOLE | | 0 | 0 | 22,578 |
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 |
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 |
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 |
Blackrock Muniyield Qty Iii | COM | 09254E103 | 990 | 82,118 | SH | | SOLE | | 0 | 0 | 82,118 |
Blue Capital Reisurance | ADR | G1190F107 | 77 | 14,000 | SH | | DFND | | 14,000 | 0 | 0 |
Bp Plc-Adr | ADR | 055622104 | 500 | 13,195 | SH | | DFND | | 13,195 | 0 | 0 |
Briggs & Strattn | COM | 109043109 | 131 | 10,000 | SH | | DFND | | 10,000 | 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 |
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 |
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 |
Energy Select Sector Spdr(R) Etf | COM | 81369Y506 | 2,205 | 38,446 | SH | | SOLE | | 0 | 0 | 38,446 |
Enterprise Products Partners Lp | ADR | 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 | ADR | 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 |
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 | ADR | 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 Televisa - Adr | ADR | 40049J206 | 189 | 15,000 | SH | | DFND | | 15,000 | 0 | 0 |
Hdfc Bank Ltd - Adr | ADR | 40415F101 | 414 | 4,000 | SH | | DFND | | 4,000 | 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 | COM | 45857P707 | 236 | 4,319 | SH | | DFND | | 4,319 | 0 | 0 |
Invesco China Real Estate | COM | 46138E602 | 207 | 8,500 | SH | | DFND | | 8,500 | 0 | 0 |
Invesco Muni Opps. Trust Common | COM | 46132C107 | 935 | 83,637 | SH | | SOLE | | 0 | 0 | 83,637 |
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 | ADR | 46137V357 | 3,229 | 35,331 | SH | | SOLE | | 0 | 0 | 35,331 |
Invesco S&P Global Water Index Etf | ADR | 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 0-5 Year High Yield Corp Bd | ADR | 46434V407 | 2,479 | 55,653 | SH | | SOLE | | 0 | 0 | 55,653 |
Ishares Cali Amt-Free Muni Bond | COM | 464288356 | 542 | 9,276 | SH | | SOLE | | 0 | 0 | 9,276 |
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 Core Us Aggregate Bond | COM | 464287226 | 1,036 | 9,728 | SH | | SOLE | | 0 | 0 | 9,728 |
Ishares Floating Rate Bond | COM | 46429B655 | 5,768 | 114,528 | SH | | SOLE | | 0 | 0 | 114,528 |
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 Iboxx $ Invst Grade Crp Bond | COM | 464287242 | 1,155 | 10,235 | SH | | SOLE | | 0 | 0 | 10,235 |
Ishares Mbs | COM | 464288588 | 1,055 | 10,081 | SH | | SOLE | | 0 | 0 | 10,081 |
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 National Amt-Free Muni Bond | COM | 464288414 | 1,406 | 12,890 | SH | | SOLE | | 0 | 0 | 12,890 |
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 |
Ishares Short-Term National Muni Bond | COM | 464288158 | 687 | 6,520 | SH | | SOLE | | 0 | 0 | 6,520 |
James Hardie Ind Plc Adr | ADR | 47030M106 | 294 | 25,000 | SH | | DFND | | 25,000 | 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 |
Jpmorgan Ultra-Short Income Etf | COM | 46641Q837 | 1,374 | 27,411 | SH | | SOLE | | 0 | 0 | 27,411 |
Kvh Industries | COM | 482738101 | 309 | 30,000 | SH | | DFND | | 30,000 | 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 |
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 Western Life Insurance | COM | 638517102 | 3,259 | 10,838 | SH | | SOLE | | 0 | 0 | 10,838 |
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 |
Norfolk Southern | COM | 655844108 | 523 | 3,500 | SH | | DFND | | 3,500 | 0 | 0 |
Novartis Ag | COM | 66987V109 | 2,009 | 23,417 | SH | | SOLE | | 0 | 0 | 23,417 |
Nuveen Intermediate Duration Muni Term | COM | 670671106 | 1,462 | 118,122 | SH | | SOLE | | 0 | 0 | 118,122 |
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 | COM | 705015105 | 239 | 20,000 | SH | | DFND | | 20,000 | 0 | 0 |
Phillips 66 Com | COM | 718546104 | 1,375 | 15,958 | SH | | SOLE | | 0 | 0 | 15,958 |
Pimco Enhanced Short Maturity Etf | COM | 72201R833 | 5,911 | 58,553 | SH | | SOLE | | 0 | 0 | 58,553 |
Powershrs Bulletshares 2019 Corp Etf | COM | 46138J304 | 4,394 | 208,659 | SH | | SOLE | | 0 | 0 | 208,659 |
Powershrs Bulletshares 2019 Hy Corp Etf | COM | 46138J403 | 287 | 12,140 | SH | | SOLE | | 0 | 0 | 12,140 |
Powershrs Bulletshares 2020 Corp Etf | COM | 46138J502 | 5,222 | 247,844 | SH | | SOLE | | 0 | 0 | 247,844 |
Powershrs Bulletshares 2020 Hy Corp Etf | ADR | 46138J601 | 211 | 8,991 | SH | | SOLE | | 0 | 0 | 8,991 |
Powershrs Bulletshares 2021 Corp Etf | COM | 46138J700 | 4,396 | 211,874 | SH | | SOLE | | 0 | 0 | 211,874 |
Powershrs Bulletshares 2022 Corp Etf | COM | 46138J882 | 1,913 | 92,797 | SH | | SOLE | | 0 | 0 | 92,797 |
Powershrs Bulletshares 2022 Hy Corp Etf | COM | 46138J874 | 3,467 | 149,392 | SH | | SOLE | | 0 | 0 | 149,392 |
Procter & Gamble | COM | 742718109 | 322 | 3,500 | SH | | DFND | | 3,500 | 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 |
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 Aggregate Bond Etf(TM) | COM | 808524839 | 1,320 | 26,102 | SH | | SOLE | | 0 | 0 | 26,102 |
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 |
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 |
Spdr(R) Blmbg Barclays St Corp Bd Etf | COM | 78464A474 | 5,450 | 180,806 | SH | | SOLE | | 0 | 0 | 180,806 |
Spdr(R) S&P Midcap 400 Etf | COM | 78467Y107 | 418 | 1,380 | SH | | SOLE | | 0 | 0 | 1,380 |
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 |
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 |
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 |
Unilever Nv-Nys | COM | 904784709 | 484 | 9,000 | SH | | DFND | | 9,000 | 0 | 0 |
United Therapeut | ADR | 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 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 |
Vanguard Short-Term Corporate Bond Etf | COM | 92206C409 | 345 | 4,425 | SH | | SOLE | | 0 | 0 | 4,425 |
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 | ADR | 929089100 | 1,986 | 49,485 | SH | | SOLE | | 0 | 0 | 49,485 |
Western Asset Glb Corp Def Opp Common | COM | 95790C107 | 3,815 | 254,667 | SH | | SOLE | | 0 | 0 | 254,667 |
Western Asset High Income Opp | ADR | 95766K109 | 4,049 | 924,372 | SH | | SOLE | | 0 | 0 | 924,372 |
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 |