| 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 Company | COM | 88579Y101 | 504 | 2,854 | SH | | DFND | 1 | 2,854 | 0 | 0 |
| Abbott Labs | COM | 002824100 | 3,021 | 34,776 | SH | | DFND | 1 | 34,776 | 0 | 0 |
| Accenture PLC | SHS CLASS A | G1151C101 | 443 | 2,102 | SH | | DFND | 1 | 2,102 | 0 | 0 |
| Alexion Pharmaceuticals Inc | COM | 015351109 | 789 | 7,298 | SH | | DFND | 1 | 7,298 | 0 | 0 |
| Allstate Corp | COM | 020002101 | 2,169 | 19,289 | SH | | DFND | 1 | 19,289 | 0 | 0 |
| Alphabet Inc Class C | CAP STK CL C | 02079K107 | 5,065 | 3,788 | SH | | DFND | 1 | 3,788 | 0 | 0 |
| Altria Group Inc | COM | 02209S103 | 355 | 7,105 | SH | | DFND | 1 | 7,105 | 0 | 0 |
| Amazon Communications Inc | COM | 023135106 | 3,461 | 1,873 | SH | | DFND | 1 | 1,873 | 0 | 0 |
| American Tower REIT Inc | COM | 03027X100 | 2,789 | 12,136 | SH | | DFND | 1 | 12,136 | 0 | 0 |
| Apple Computer Inc | COM | 037833100 | 6,066 | 20,657 | SH | | DFND | 1 | 20,657 | 0 | 0 |
| AT&T Inc | COM | 00206R102 | 980 | 25,085 | SH | | DFND | 1 | 25,085 | 0 | 0 |
| Automatic Data Processing | COM | 053015103 | 354 | 2,076 | SH | | DFND | 1 | 2,076 | 0 | 0 |
| Berkshire Hathaway Inc Class B New | CL B NEW | 084670702 | 238 | 1,050 | SH | | DFND | 1 | 1,050 | 0 | 0 |
| Biogen Idec Inc | COM | 09062X103 | 805 | 2,713 | SH | | DFND | 1 | 2,713 | 0 | 0 |
| Boeing Co | COM | 097023105 | 1,821 | 5,589 | SH | | DFND | 1 | 5,589 | 0 | 0 |
| Bristol Myers Squibb Co | COM | 110122108 | 1,849 | 28,798 | SH | | DFND | 1 | 28,798 | 0 | 0 |
| Carnival Corporation | UNIT 99/99/9999 | 143658300 | 349 | 6,868 | SH | | DFND | 1 | 6,868 | 0 | 0 |
| Charles Schwab Corp | COM | 808513105 | 535 | 11,248 | SH | | DFND | 1 | 11,248 | 0 | 0 |
| Chevron Corp | COM | 166764100 | 2,260 | 18,755 | SH | | DFND | 1 | 18,755 | 0 | 0 |
| Cisco Systems Inc | COM | 17275R102 | 335 | 6,982 | SH | | DFND | 1 | 6,982 | 0 | 0 |
| Citigroup Inc Common New | COM NEW | 172967424 | 1,752 | 21,934 | SH | | DFND | 1 | 21,934 | 0 | 0 |
| Citizens & Northern Corp | COM | 172922106 | 7,520 | 266,212 | SH | | DFND | 1 | 266,212 | 0 | 0 |
| CME Group Inc | COM | 12572Q105 | 571 | 2,847 | SH | | DFND | 1 | 2,847 | 0 | 0 |
| Coca Cola Co | COM | 191216100 | 1,610 | 29,088 | SH | | DFND | 1 | 29,088 | 0 | 0 |
| Colony Credit Real Estate Inc | COM CL A | 19625T101 | 203 | 15,435 | SH | | DFND | 1 | 15,435 | 0 | 0 |
| Comcast Corp Class A | CL A | 20030N101 | 1,990 | 44,251 | SH | | DFND | 1 | 44,251 | 0 | 0 |
| Community Bank System, Inc | COM | 203607106 | 370 | 5,216 | SH | | DFND | 1 | 5,216 | 0 | 0 |
| Consumer Discretionary Select Sector SPDR | SBI CONS DISCR | 81369Y407 | 257 | 2,053 | SH | | DFND | 1 | 2,053 | 0 | 0 |
| Corning Inc | COM | 219350105 | 863 | 29,656 | SH | | DFND | 1 | 29,656 | 0 | 0 |
| Costco Wholesale Corp (New) | COM | 22160K105 | 1,602 | 5,451 | SH | | DFND | 1 | 5,451 | 0 | 0 |
| CVS Health Corporation | COM | 126650100 | 2,615 | 35,205 | SH | | DFND | 1 | 35,205 | 0 | 0 |
| Danaher Corp | COM | 235851102 | 363 | 2,366 | SH | | DFND | 1 | 2,366 | 0 | 0 |
| Disney Walt Co | COM DISNEY | 254687106 | 2,793 | 19,310 | SH | | DFND | 1 | 19,310 | 0 | 0 |
| Dow, Inc | COM | 260557103 | 344 | 6,282 | SH | | DFND | 1 | 6,282 | 0 | 0 |
| Duke Energy Corporation New | COM NEW | 26441C204 | 1,179 | 12,921 | SH | | DFND | 1 | 12,921 | 0 | 0 |
| DuPont de Nemours Inc | COM | 26614N102 | 403 | 6,281 | SH | | DFND | 1 | 6,281 | 0 | 0 |
| E Trade Financial Corp | COM NEW | 269246401 | 723 | 15,926 | SH | | DFND | 1 | 15,926 | 0 | 0 |
| EBAY Inc | COM | 278642103 | 824 | 22,817 | SH | | DFND | 1 | 22,817 | 0 | 0 |
| Ecolab Inc. | COM | 278865100 | 245 | 1,268 | SH | | DFND | 1 | 1,268 | 0 | 0 |
| Eli Lilly & Co | COM | 532457108 | 1,405 | 10,688 | SH | | DFND | 1 | 10,688 | 0 | 0 |
| Energy Select Sector SPDR | ENERGY | 81369Y506 | 907 | 15,111 | SH | | DFND | 1 | 15,111 | 0 | 0 |
| EOG Resources, Inc. | COM | 26875P101 | 668 | 7,981 | SH | | DFND | 1 | 7,981 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 | 2,171 | 31,113 | SH | | DFND | 1 | 31,113 | 0 | 0 |
| Facebook Inc Class A | CL A | 30303M102 | 2,650 | 12,913 | SH | | DFND | 1 | 12,913 | 0 | 0 |
| Fidelity Natl Financial Common | FNF GROUP COM | 31620R303 | 209 | 4,609 | SH | | DFND | 1 | 4,609 | 0 | 0 |
| Fidelity Natl Information Common | COM | 31620M106 | 267 | 1,918 | SH | | DFND | 1 | 1,918 | 0 | 0 |
| Flexshares Morningstar Global Upstream Nat Res Index ETF | MORNSTAR UPSTR | 33939L407 | 13,566 | 404,581 | SH | | DFND | 1 | 404,581 | 0 | 0 |
| General Dynamics Corp | COM | 369550108 | 1,167 | 6,620 | SH | | DFND | 1 | 6,620 | 0 | 0 |
| General Elec Co | COM | 369604103 | 115 | 10,271 | SH | | DFND | 1 | 10,271 | 0 | 0 |
| Halliburton Co | COM | 406216101 | 324 | 13,228 | SH | | DFND | 1 | 13,228 | 0 | 0 |
| Home Depot Inc | COM | 437076102 | 1,404 | 6,431 | SH | | DFND | 1 | 6,431 | 0 | 0 |
| Honeywell Intl Inc | COM | 438516106 | 1,447 | 8,174 | SH | | DFND | 1 | 8,174 | 0 | 0 |
| Illinois Tool Works Inc | COM | 452308109 | 259 | 1,442 | SH | | DFND | 1 | 1,442 | 0 | 0 |
| Intel Corp | COM | 458140100 | 2,899 | 48,432 | SH | | DFND | 1 | 48,432 | 0 | 0 |
| Intercontinental Exchange Inc Common | COM | 45866F104 | 2,407 | 26,011 | SH | | DFND | 1 | 26,011 | 0 | 0 |
| International Business Machines | COM | 459200101 | 1,518 | 11,322 | SH | | DFND | 1 | 11,322 | 0 | 0 |
| iShares Core S&P 500 ETF | CORE S&P500 ETF | 464287200 | 300 | 929 | SH | | DFND | 1 | 929 | 0 | 0 |
| iShares iBoxx $ High Yield Corp Bond ETF | IBOXX HI YD ETF | 464288513 | 349 | 3,968 | SH | | DFND | 1 | 3,968 | 0 | 0 |
| iShares JPMorgan USD Emerging Markets Bond ETF | JPMORGAN USD EMG | 464288281 | 7,723 | 67,412 | SH | | DFND | 1 | 67,412 | 0 | 0 |
| iShares Nasdaq Biotechnology Index | NASDAQ BIOTECH | 464287556 | 662 | 5,495 | SH | | DFND | 1 | 5,495 | 0 | 0 |
| iShares Russell 1000 Value ETF | RUS 1000 VAL ETF | 464287598 | 611 | 4,474 | SH | | DFND | 1 | 4,474 | 0 | 0 |
| iShares S&P MidCap 400 Index Fd | CORE S&P MCP ETF | 464287507 | 8,819 | 42,846 | SH | | DFND | 1 | 42,846 | 0 | 0 |
| iShares Trust Russell 1000 Growth ETF | RUS 1000 GRW ETF | 464287614 | 962 | 5,470 | SH | | DFND | 1 | 5,470 | 0 | 0 |
| Johnson & Johnson | COM | 478160104 | 2,241 | 15,361 | SH | | DFND | 1 | 15,361 | 0 | 0 |
| JPMorgan Chase & Co | COM | 46625H100 | 5,253 | 37,684 | SH | | DFND | 1 | 37,684 | 0 | 0 |
| KLA Corporation | COM NEW | 482480100 | 1,301 | 7,303 | SH | | DFND | 1 | 7,303 | 0 | 0 |
| Lauder (Estee) Cos Inc Class A | CL A | 518439104 | 2,580 | 12,492 | SH | | DFND | 1 | 12,492 | 0 | 0 |
| Marsh & McLennan Cos Inc | COM | 571748102 | 743 | 6,669 | SH | | DFND | 1 | 6,669 | 0 | 0 |
| Masco Corp | COM | 574599106 | 1,740 | 36,260 | SH | | DFND | 1 | 36,260 | 0 | 0 |
| Mastercard Inc Class A | CL A | 57636Q104 | 1,846 | 6,182 | SH | | DFND | 1 | 6,182 | 0 | 0 |
| McDonalds Corp | COM | 580135101 | 1,629 | 8,246 | SH | | DFND | 1 | 8,246 | 0 | 0 |
| Merck & Co Inc New | COM | 58933Y105 | 349 | 3,840 | SH | | DFND | 1 | 3,840 | 0 | 0 |
| Microchip Technology Inc | COM | 595017104 | 1,567 | 14,965 | SH | | DFND | 1 | 14,965 | 0 | 0 |
| Microsoft Corp | COM | 594918104 | 6,638 | 42,093 | SH | | DFND | 1 | 42,093 | 0 | 0 |
| Mondelez Intl Inc Class A | CL A | 609207105 | 2,371 | 43,051 | SH | | DFND | 1 | 43,051 | 0 | 0 |
| Nike, Inc. Class B | CL B | 654106103 | 3,329 | 32,864 | SH | | DFND | 1 | 32,864 | 0 | 0 |
| Norfolk Southern Corp | COM | 655844108 | 1,723 | 8,873 | SH | | DFND | 1 | 8,873 | 0 | 0 |
| Nucor Corp | COM | 670346105 | 665 | 11,822 | SH | | DFND | 1 | 11,822 | 0 | 0 |
| Nvidia Corp | COM | 67066G104 | 1,516 | 6,442 | SH | | DFND | 1 | 6,442 | 0 | 0 |
| Oracle Corp | COM | 68389X105 | 1,465 | 27,650 | SH | | DFND | 1 | 27,650 | 0 | 0 |
| Pepsico Inc | COM | 713448108 | 668 | 4,885 | SH | | DFND | 1 | 4,885 | 0 | 0 |
| Pfizer Inc | COM | 717081103 | 1,844 | 47,072 | SH | | DFND | 1 | 47,072 | 0 | 0 |
| Philip Morris International Inc | COM | 718172109 | 355 | 4,168 | SH | | DFND | 1 | 4,168 | 0 | 0 |
| PPL Corp | COM | 69351T106 | 246 | 6,862 | SH | | DFND | 1 | 6,862 | 0 | 0 |
| Procter & Gamble Co | COM | 742718109 | 2,037 | 16,307 | SH | | DFND | 1 | 16,307 | 0 | 0 |
| Roper Industries Inc New | COM | 776696106 | 395 | 1,115 | SH | | DFND | 1 | 1,115 | 0 | 0 |
| Salesforce.Com | COM | 79466L302 | 2,222 | 13,661 | SH | | DFND | 1 | 13,661 | 0 | 0 |
| Schlumberger Ltd | COM | 806857108 | 342 | 8,513 | SH | | DFND | 1 | 8,513 | 0 | 0 |
| Schwab US REIT ETF | US REIT ETF | 808524847 | 12,796 | 278,420 | SH | | DFND | 1 | 278,420 | 0 | 0 |
| SPDR Dow Jones Industrial Average ETF Trust | UT SER 1 | 78467X109 | 730 | 2,561 | SH | | DFND | 1 | 2,561 | 0 | 0 |
| SPDR S&P 500 ETF Trust | TR UNIT | 78462F103 | 1,351 | 4,199 | SH | | DFND | 1 | 4,199 | 0 | 0 |
| Starbucks Corp | COM | 855244109 | 1,847 | 21,009 | SH | | DFND | 1 | 21,009 | 0 | 0 |
| Stryker Corp | COM | 863667101 | 221 | 1,053 | SH | | DFND | 1 | 1,053 | 0 | 0 |
| SYSCO Corp | COM | 871829107 | 408 | 4,764 | SH | | DFND | 1 | 4,764 | 0 | 0 |
| Target Corp | COM | 87612E106 | 239 | 1,861 | SH | | DFND | 1 | 1,861 | 0 | 0 |
| Tjx Companies (New) | COM | 872540109 | 1,484 | 24,311 | SH | | DFND | 1 | 24,311 | 0 | 0 |
| Trevena Inc. | COM | 89532E109 | 46 | 54,300 | SH | | DFND | 1 | 54,300 | 0 | 0 |
| Union Pacific Corp | COM | 907818108 | 1,181 | 6,532 | SH | | DFND | 1 | 6,532 | 0 | 0 |
| Unitedhealth Group, Inc. | COM | 91324P102 | 498 | 1,695 | SH | | DFND | 1 | 1,695 | 0 | 0 |
| VanEck Vectors Oil Services ETF | OIL SVCS ETF | 92189F718 | 662 | 49,992 | SH | | DFND | 1 | 49,992 | 0 | 0 |
| Vanguard Russell 1000 Growth ETF | VNG RUS1000GRW | 92206C680 | 14,263 | 78,833 | SH | | DFND | 1 | 78,833 | 0 | 0 |
| Vanguard Total International Bond Index Fund ETF | INTL BD IDX ETF | 92203J407 | 668 | 11,813 | SH | | DFND | 1 | 11,813 | 0 | 0 |
| Verizon Communications | COM | 92343V104 | 956 | 15,562 | SH | | DFND | 1 | 15,562 | 0 | 0 |
| W W Grainger Inc | COM | 384802104 | 1,503 | 4,441 | SH | | DFND | 1 | 4,441 | 0 | 0 |
| Wells Fargo & Co New | COM | 949746101 | 235 | 4,362 | SH | | DFND | 1 | 4,362 | 0 | 0 |
| Zimmer Biomet Holdings, Inc. | COM | 98956P102 | 2,451 | 16,376 | SH | | DFND | 1 | 16,376 | 0 | 0 |
