Folger Nolan Fleming Douglas 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

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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
EATON VANCE NAT LIM MATURITY T	MF	27826H784	278	29,752	SH		SOLE		0	0	29,752
FEDERATED SHORT TERM MUNI TR I	MF	313907206	288	27,965	SH		SOLE		0	0	27,965
FRANKLIN INCOME FUND	MF	353496805	79	32,681	SH		SOLE		0	0	32,681
HIGHLAND FLOATING RATE OPPORTU	MF	43010E206	106	14,505	SH		SOLE		0	0	14,505
INVESCO GLOBAL CORE EQUITY FUN	MF	00141L103	210	12,934	SH		SOLE		0	0	12,934
MASS INVESTMENT TRUST CLASS A	MF	575736103	617	19,295	SH		SOLE		0	0	19,295
NUVEEN INSD DIV ADV MUNI FD CO	MF	67071L106	661	42,948	SH		SOLE		0	0	42,948
NUVEEN MD PREMIUM INC MUNICIPA	MF	67061Q107	295	23,025	SH		SOLE		0	0	23,025
PIMCO REAL RETURN BOND FD CL C	MF	693391146	154	13,953	SH		SOLE		0	0	13,953
PUTNAM MUNI OPPORTUNITIES TR S	MF	746922103	155	12,262	SH		SOLE		0	0	12,262
TEMPLETON GLOBAL BOND FUND CL	MF	880208103	201	16,397	SH		SOLE		0	0	16,397
VANGUARD MONEY MARKET RESERVES	MF	922906201	63	63,104	SH		SOLE		0	0	63,104
WASHINGTON MUTUAL INVESTORS FU	MF	939330106	775	17,401	SH		SOLE		0	0	17,401
3M CO.	COM	88579Y101	4,011	19,111	SH		SOLE		0	0	19,111
ABBOTT LABORATORIES	COM	002824100	5,382	100,866	SH		SOLE		0	0	100,866
ABBVIE INC	COM	00287Y109	2,235	25,147	SH		SOLE		0	0	25,147
ADOBE SYSTEMS INCORPORATED	COM	00724F101	2,058	13,797	SH		SOLE		0	0	13,797
ADOBE SYSTEMS INCORPORATED	COM	00724F101	34	225	SH		OTR		0	0	225
AIR PRODUCTS & CHEMICALS	COM	009158106	210	1,391	SH		SOLE		0	0	1,391
ALLSTATE CORPORATION	COM	020002101	752	8,182	SH		SOLE		0	0	8,182
ALPHABET INC NON-VOTING CL C	COM	02079K107	1,577	1,644	SH		SOLE		0	0	1,644
ALPHABET INC NON-VOTING CL C	COM	02079K107	10	10	SH		OTR		0	0	10
ALPHABET INC VOTING CL A	COM	02079K305	491	504	SH		SOLE		0	0	504
ALPHABET INC VOTING CL A	COM	02079K305	10	10	SH		OTR		0	0	10
ALTRIA GROUP	COM	02209S103	302	4,760	SH		SOLE		0	0	4,760
AMAZON.COM INC	COM	023135106	2,221	2,310	SH		SOLE		0	0	2,310
AMERICAN EXPRESS INC	COM	025816109	1,836	20,297	SH		SOLE		0	0	20,297
AMERICAN EXPRESS INC	COM	025816109	19	210	SH		OTR		0	0	210
AMGEN INC	COM	031162100	828	4,441	SH		SOLE		0	0	4,441
AMGEN INC	COM	031162100	21	110	SH		OTR		0	0	110
ANADARKO PETROLEUM CORP	COM	032511107	358	7,319	SH		SOLE		0	0	7,319
ANADARKO PETROLEUM CORP	COM	032511107	4	80	SH		OTR		0	0	80
APACHE CORP	COM	037411105	877	19,157	SH		SOLE		0	0	19,157
APACHE CORP	COM	037411105	5	100	SH		OTR		0	0	100
APPLE INC	COM	037833100	5,750	37,306	SH		SOLE		0	0	37,306
AQUA AMERICA	COM	03836W103	4,735	142,650	SH		SOLE		0	0	142,650
AQUA AMERICA	COM	03836W103	8	231	SH		OTR		0	0	231
ARCHER DANIELS MIDLAND CO	COM	039483102	1,200	28,236	SH		SOLE		0	0	28,236
ARCHER DANIELS MIDLAND CO	COM	039483102	12	280	SH		OTR		0	0	280
AT&T CORP NEW	COM	00206R102	3,775	96,370	SH		SOLE		0	0	96,370
ATMOS ENERGY CORP	COM	049560105	922	10,995	SH		SOLE		0	0	10,995
BANK OF AMERICA	COM	060505104	863	34,038	SH		SOLE		0	0	34,038
BANK OF NEW YORK MELLON CORP	COM	064058100	1,240	23,384	SH		SOLE		0	0	23,384
BANK OF NEW YORK MELLON CORP	COM	064058100	26	490	SH		OTR		0	0	490
BECTON DICKINSON	COM	075887109	8,765	44,731	SH		SOLE		0	0	44,731
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,121	15	SH		SOLE		0	0	15
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	696	3,799	SH		SOLE		0	0	3,799
BOEING	COM	097023105	2,516	9,898	SH		SOLE		0	0	9,898
BP PLC SPONS ADR	COM	055622104	431	11,228	SH		SOLE		0	0	11,228
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	1,098	17,223	SH		SOLE		0	0	17,223
BUCKEYE PARTNERS LP LTD PARTNE	COM	118230101	494	8,659	SH		SOLE		0	0	8,659
C S X CORPORATION	COM	126408103	402	7,400	SH		SOLE		0	0	7,400
CABLE ONE INC	COM	12685J105	283	392	SH		SOLE		0	0	392
CATERPILLAR INCORPORATED	COM	149123101	4,526	36,291	SH		SOLE		0	0	36,291
CATERPILLAR INCORPORATED	COM	149123101	16	130	SH		OTR		0	0	130
CHEMOURS CO	COM	163851108	37,521	741,374	SH		SOLE		0	0	741,374
CHEVRON CORP	COM	166764100	7,532	64,102	SH		SOLE		0	0	64,102
CHEVRON CORP	COM	166764100	22	185	SH		OTR		0	0	185
CHURCH & DWIGHT CO INC	COM	171340102	7,489	154,578	SH		SOLE		0	0	154,578
CHURCH & DWIGHT CO INC	COM	171340102	10	210	SH		OTR		0	0	210
CIMAREX ENERGY CO.	COM	171798101	455	4,000	SH		SOLE		0	0	4,000
CISCO SYSTEMS INC	COM	17275R102	4,847	144,126	SH		SOLE		0	0	144,126
CISCO SYSTEMS INC	COM	17275R102	17	500	SH		OTR		0	0	500
COASTAL CARIBBEAN OILS & MINER	COM	190432203	0	69,910	SH		SOLE		0	0	69,910
COCA-COLA COMPANY	COM	191216100	2,066	45,893	SH		SOLE		0	0	45,893
COLGATE-PALMOLIVE COMPANY	COM	194162103	743	10,197	SH		SOLE		0	0	10,197
COMCAST CORP NEW CL A	COM	20030N101	624	16,221	SH		SOLE		0	0	16,221
CONOCOPHILLIPS	COM	20825C104	308	6,159	SH		SOLE		0	0	6,159
CORNING INC.	COM	219350105	729	24,365	SH		SOLE		0	0	24,365
CVS CAREMARK CORPORATION	COM	126650100	680	8,358	SH		SOLE		0	0	8,358
DANAHER CORP	COM	235851102	329	3,841	SH		SOLE		0	0	3,841
DANAHER CORP	COM	235851102	14	160	SH		OTR		0	0	160
DELL TECHNOLOGIES CL V	COM	24703L103	383	4,960	SH		SOLE		0	0	4,960
DENTSPLY SIRONA INC	COM	24906P109	6,031	100,837	SH		SOLE		0	0	100,837
DISCOVER FINANCIAL SERVICES	COM	254709108	527	8,177	SH		SOLE		0	0	8,177
DOMINION RESOURCES INC OF VA	COM	25746U109	3,471	45,121	SH		SOLE		0	0	45,121
DOMINION RESOURCES INC OF VA	COM	25746U109	7	85	SH		OTR		0	0	85
DOVER CORPORATION	COM	260003108	209	2,285	SH		SOLE		0	0	2,285
DOWDUPONT INC.	COM	26078J100	230,168	3,324,685	SH		SOLE		0	0	3,324,685
DOWDUPONT INC.	COM	26078J100	13	192	SH		OTR		0	0	192
DTE ENERGY	COM	233331107	323	3,011	SH		SOLE		0	0	3,011
DUKE ENERGY CORP	COM	26441C204	1,386	16,511	SH		SOLE		0	0	16,511
ELI LILLY & CO	COM	532457108	348	4,066	SH		SOLE		0	0	4,066
EMERSON ELECTRIC CO.	COM	291011104	992	15,779	SH		SOLE		0	0	15,779
ENBRIDGE INC.	COM	29250N105	2,257	53,933	SH		SOLE		0	0	53,933
EXPRESS SCRIPTS HLDG CO	COM	30219G108	228	3,600	SH		SOLE		0	0	3,600
EXXON MOBIL CORPORATION	COM	30231G102	13,658	166,604	SH		SOLE		0	0	166,604
EXXON MOBIL CORPORATION	COM	30231G102	15	180	SH		OTR		0	0	180
FEDERAL REALTY INV TR S B I	COM	313747206	1,259	10,139	SH		SOLE		0	0	10,139
FEDEX CORP	COM	31428X106	6,299	27,925	SH		SOLE		0	0	27,925
FRANKLIN RESOURCES INC	COM	354613101	1,033	23,219	SH		SOLE		0	0	23,219
GENERAL ELECTRIC COMPANY	COM	369604103	9,526	393,944	SH		SOLE		0	0	393,944
GENERAL ELECTRIC COMPANY	COM	369604103	5	205	SH		OTR		0	0	205
GENERAL MILLS INC	COM	370334104	937	18,099	SH		SOLE		0	0	18,099
GRAHAM HOLDINGS CO.	COM	384637104	252	430	SH		SOLE		0	0	430
HARLEY DAVIDSON INC	COM	412822108	222	4,600	SH		SOLE		0	0	4,600
HEALTH CARE PPTY INVS	COM	40414L109	221	7,924	SH		SOLE		0	0	7,924
HERSHEY COMPANY	COM	427866108	1,458	13,352	SH		SOLE		0	0	13,352
HOME DEPOT	COM	437076102	852	5,210	SH		SOLE		0	0	5,210
HONEYWELL INTERNATIONAL INC	COM	438516106	2,416	17,043	SH		SOLE		0	0	17,043
HORMEL FOODS CORP	COM	440452100	224	6,960	SH		SOLE		0	0	6,960
HOST HOTELS & RESORTS	COM	44107P104	282	15,229	SH		SOLE		0	0	15,229
ILLINOIS TOOL WORKS INC.	COM	452308109	10,454	70,654	SH		SOLE		0	0	70,654
ILLINOIS TOOL WORKS INC.	COM	452308109	15	100	SH		OTR		0	0	100
INTEL CORP COM	COM	458140100	4,795	125,922	SH		SOLE		0	0	125,922
INTEL CORP COM	COM	458140100	24	620	SH		OTR		0	0	620
INTERNATIONAL BUSINESS MACHINE	COM	459200101	3,931	27,096	SH		SOLE		0	0	27,096
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	214	1,500	SH		SOLE		0	0	1,500
INTERNATIONAL PAPER CO	COM	460146103	330	5,809	SH		SOLE		0	0	5,809
INTUIT INC	COM	461202103	512	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	502	7,324	SH		SOLE		0	0	7,324
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	4,758	14,264	SH		SOLE		0	0	14,264
ISHARES RUSSELL 2000 IDX	COM	464287655	4,613	31,133	SH		SOLE		0	0	31,133
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	5,966	30,261	SH		SOLE		0	0	30,261
JOHNSON & JOHNSON	COM	478160104	15,780	121,378	SH		SOLE		0	0	121,378
JOHNSON & JOHNSON	COM	478160104	27	210	SH		OTR		0	0	210
JPMORGAN CHASE & CO.	COM	46625H100	8,796	92,094	SH		SOLE		0	0	92,094
JPMORGAN CHASE & CO.	COM	46625H100	25	260	SH		OTR		0	0	260
KELLOGG COMPANY	COM	487836108	3,326	53,326	SH		SOLE		0	0	53,326
KEYCORP	COM	493267108	237	12,600	SH		SOLE		0	0	12,600
KIMBERLY-CLARK CORP	COM	494368103	2,762	23,472	SH		SOLE		0	0	23,472
LABORATORY CORP OF AMERICA	COM	50540R409	374	2,480	SH		SOLE		0	0	2,480
LABORATORY CORP OF AMERICA	COM	50540R409	7	47	SH		OTR		0	0	47
LOCKHEED MARTIN	COM	539830109	624	2,010	SH		SOLE		0	0	2,010
LOWES COS	COM	548661107	9,513	119,008	SH		SOLE		0	0	119,008
LOWES COS	COM	548661107	21	260	SH		OTR		0	0	260
M & T BANK CORP	COM	55261F104	2,424	15,050	SH		SOLE		0	0	15,050
MANPOWER INC WISCONSIN	COM	56418H100	557	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	6,200	56,231	SH		SOLE		0	0	56,231
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	337	2,705	SH		SOLE		0	0	2,705
MC DONALD'S CORPORATION	COM	580135101	9,010	57,507	SH		SOLE		0	0	57,507
MC DONALD'S CORPORATION	COM	580135101	17	110	SH		OTR		0	0	110
MEDTRONIC INC	COM	G5960L103	332	4,266	SH		SOLE		0	0	4,266
MERCK & COMPANY INCORPORATED N	COM	58933Y105	4,612	72,029	SH		SOLE		0	0	72,029
MERCK & COMPANY INCORPORATED N	COM	58933Y105	13	200	SH		OTR		0	0	200
MICROSOFT CORPORATION	COM	594918104	11,120	149,287	SH		SOLE		0	0	149,287
MICROSOFT CORPORATION	COM	594918104	57	760	SH		OTR		0	0	760
MORGAN STANLEY & CO	COM	617446448	820	17,018	SH		SOLE		0	0	17,018
MOTOROLA SOLUTIONS, INC	COM	620076307	441	5,191	SH		SOLE		0	0	5,191
NATIONAL FUEL GAS CO	COM	636180101	219	3,868	SH		SOLE		0	0	3,868
NEXTERA ENERGY	COM	65339F101	3,291	22,457	SH		SOLE		0	0	22,457
NEXTERA ENERGY	COM	65339F101	9	60	SH		OTR		0	0	60
NORFOLK SOUTHERN CORP	COM	655844108	250	1,887	SH		SOLE		0	0	1,887
NORTHERN TRUST CORP	COM	665859104	956	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	432	8,926	SH		SOLE		0	0	8,926
PEPSICO INCORPORATED	COM	713448108	10,988	98,606	SH		SOLE		0	0	98,606
PEPSICO INCORPORATED	COM	713448108	7	65	SH		OTR		0	0	65
PFIZER INCORPORATED	COM	717081103	1,312	36,743	SH		SOLE		0	0	36,743
PHILIP MORRIS INTERNATIONAL	COM	718172109	572	5,150	SH		SOLE		0	0	5,150
PHILLIPS 66	COM	718546104	424	4,626	SH		SOLE		0	0	4,626
PIONEER NAT RES CO	COM	723787107	236	1,600	SH		SOLE		0	0	1,600
PNC FINANCIAL SERVICES GROUP	COM	693475105	471	3,494	SH		SOLE		0	0	3,494
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	903	6,211	SH		SOLE		0	0	6,211
PRAXAIR INC	COM	74005P104	321	2,296	SH		SOLE		0	0	2,296
PROCTER & GAMBLE COMPANY	COM	742718109	12,686	139,437	SH		SOLE		0	0	139,437
PROCTER & GAMBLE COMPANY	COM	742718109	18	200	SH		OTR		0	0	200
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	368	7,950	SH		SOLE		0	0	7,950
RAYTHEON COMPANY NEW	COM	755111507	541	2,900	SH		SOLE		0	0	2,900
SAUL CENTERS INC.	COM	804395101	424	6,850	SH		SOLE		0	0	6,850
SAUL CENTERS INC.	COM	804395101	8	128	SH		OTR		0	0	128
SCHLUMBERGER LIMITED	COM	806857108	262	3,751	SH		SOLE		0	0	3,751
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	255	4,800	SH		SOLE		0	0	4,800
SMUCKER J.M. CO	COM	832696405	525	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	4,242	86,323	SH		SOLE		0	0	86,323
SPDR BARCLAYS ST CORP BOND ETF	COM	78464A474	261	8,525	SH		SOLE		0	0	8,525
SYSCO CORPORATION	COM	871829107	1,173	21,745	SH		SOLE		0	0	21,745
T ROWE PRICE GROUP INC.	COM	74144T108	9,933	109,572	SH		SOLE		0	0	109,572
T ROWE PRICE GROUP INC.	COM	74144T108	19	210	SH		OTR		0	0	210
TARGET CORP	COM	87612E106	879	14,894	SH		SOLE		0	0	14,894
TEXAS INSTRUMENTS	COM	882508104	574	6,400	SH		SOLE		0	0	6,400
THE TRAVELERS COS INC	COM	89417E109	559	4,560	SH		SOLE		0	0	4,560
THERMO FISHER SCIENTIFIC	COM	883556102	325	1,720	SH		SOLE		0	0	1,720
UDR INC	COM	902653104	816	21,449	SH		SOLE		0	0	21,449
UNILEVER	COM	904784709	283	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	4,172	35,974	SH		SOLE		0	0	35,974
UNITED HEALTHCARE CORP	COM	91324P102	4,741	24,206	SH		SOLE		0	0	24,206
UNITED TECHNOLOGIES CORP COM	COM	913017109	6,904	59,477	SH		SOLE		0	0	59,477
UNITED TECHNOLOGIES CORP COM	COM	913017109	15	125	SH		OTR		0	0	125
US BANCORP DEL (NEW)	COM	902973304	259	4,836	SH		SOLE		0	0	4,836
VANGUARD EMERGING MARKETS ETF	COM	922042858	705	16,185	SH		SOLE		0	0	16,185
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,255	28,919	SH		SOLE		0	0	28,919
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	33,946	223,343	SH		SOLE		0	0	223,343
VANGUARD MID CAP ETF	COM	922908629	4,004	27,239	SH		SOLE		0	0	27,239
VANGUARD S&P ETF	COM	922908363	1,079	4,677	SH		SOLE		0	0	4,677
VANGUARD SMALL CAP ETF	COM	922908751	3,258	23,052	SH		SOLE		0	0	23,052
VANGUARD TOTAL STOCK MARKET	COM	922908769	1,763	13,610	SH		SOLE		0	0	13,610
VERIZON COMMUNICATIONS	COM	92343V104	2,746	55,482	SH		SOLE		0	0	55,482
VISA INC CLASS A	COM	92826C839	7,660	72,790	SH		SOLE		0	0	72,790
VULCAN MATERIALS CO	COM	929160109	287	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	225	2,877	SH		SOLE		0	0	2,877
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	6,364	82,408	SH		SOLE		0	0	82,408
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	16	205	SH		OTR		0	0	205
WALT DISNEY COMPANY	COM	254687106	5,769	58,527	SH		SOLE		0	0	58,527
WALT DISNEY COMPANY	COM	254687106	16	165	SH		OTR		0	0	165
WASH REAL ESTATE INV TRUST S B	COM	939653101	3,060	93,415	SH		SOLE		0	0	93,415
WASTE CONNECTIONS INC	COM	94106B101	303	4,333	SH		SOLE		0	0	4,333
WEINGARTEN REALTY INVS S B I	COM	948741103	2,734	86,131	SH		SOLE		0	0	86,131
WELLS FARGO & CO. NEW	COM	949746101	8,053	146,013	SH		SOLE		0	0	146,013
WELLS FARGO & CO. NEW	COM	949746101	22	395	SH		OTR		0	0	395
WEYERHAEUSER CO	COM	962166104	545	16,004	SH		SOLE		0	0	16,004
WGL HLDGS INC	COM	92924F106	2,027	24,071	SH		SOLE		0	0	24,071
YUM BRANDS INC	COM	988498101	224	3,040	SH		SOLE		0	0	3,040
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	430	3,674	SH		SOLE		0	0	3,674