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	275	29,752	SH		SOLE		0	0	29,752
FEDERATED SHORT TERM MUNI TR I	MF	313907206	286	27,965	SH		SOLE		0	0	27,965
FIDELITY 500 INDEX FUND	MF	315911701	1,127	12,057	SH		SOLE		0	0	12,057
FIDELITY CONTRAFUND	MF	316071109	866	7,072	SH		SOLE		0	0	7,072
FRANKLIN INCOME FUND	MF	353496805	79	32,681	SH		SOLE		0	0	32,681
INVESCO GLOBAL CORE EQUITY FUN	MF	00141L103	218	13,481	SH		SOLE		0	0	13,481
MASS INVESTMENT TRUST CLASS A	MF	575736103	643	19,995	SH		SOLE		0	0	19,995
NUVEEN INSD DIV ADV MUNI FD CO	MF	67071L106	663	42,948	SH		SOLE		0	0	42,948
NUVEEN MD PREMIUM INC MUNICIPA	MF	67061Q107	290	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	151	12,262	SH		SOLE		0	0	12,262
T ROWE PRICE ST TAX FREE INCOM	MF	77957R101	259	23,997	SH		SOLE		0	0	23,997
T. ROWE PRICE HIGH-YIELD	MF	741481105	76	11,268	SH		SOLE		0	0	11,268
T. ROWE PRICE SMALL-CAP VALUE	MF	77957Q103	434	8,846	SH		SOLE		0	0	8,846
TEMPLETON GLOBAL BOND FUND CL	MF	880208103	195	16,397	SH		SOLE		0	0	16,397
VANGUARD MONEY MARKET RESERVES	MF	922906201	63	63,283	SH		SOLE		0	0	63,283
WASHINGTON MUTUAL INVESTORS FU	MF	939330106	797	17,449	SH		SOLE		0	0	17,449
3M CO.	COM	88579Y101	4,424	18,796	SH		SOLE		0	0	18,796
ABBOTT LABORATORIES	COM	002824100	5,490	96,206	SH		SOLE		0	0	96,206
ABBVIE INC	COM	00287Y109	2,088	21,587	SH		SOLE		0	0	21,587
ADOBE SYSTEMS INCORPORATED	COM	00724F101	2,106	12,017	SH		SOLE		0	0	12,017
ADOBE SYSTEMS INCORPORATED	COM	00724F101	39	225	SH		OTR		0	0	225
AIR PRODUCTS & CHEMICALS	COM	009158106	228	1,391	SH		SOLE		0	0	1,391
ALLSTATE CORPORATION	COM	020002101	857	8,182	SH		SOLE		0	0	8,182
ALPHABET INC NON-VOTING CL C	COM	02079K107	1,769	1,691	SH		SOLE		0	0	1,691
ALPHABET INC NON-VOTING CL C	COM	02079K107	10	10	SH		OTR		0	0	10
ALPHABET INC VOTING CL A	COM	02079K305	510	484	SH		SOLE		0	0	484
ALPHABET INC VOTING CL A	COM	02079K305	11	10	SH		OTR		0	0	10
ALTRIA GROUP	COM	02209S103	340	4,760	SH		SOLE		0	0	4,760
AMAZON.COM INC	COM	023135106	2,725	2,330	SH		SOLE		0	0	2,330
AMERICAN EXPRESS INC	COM	025816109	2,093	21,077	SH		SOLE		0	0	21,077
AMERICAN EXPRESS INC	COM	025816109	21	210	SH		OTR		0	0	210
AMGEN INC	COM	031162100	908	5,221	SH		SOLE		0	0	5,221
AMGEN INC	COM	031162100	19	110	SH		OTR		0	0	110
ANADARKO PETROLEUM CORP	COM	032511107	298	5,554	SH		SOLE		0	0	5,554
ANADARKO PETROLEUM CORP	COM	032511107	4	80	SH		OTR		0	0	80
APACHE CORP	COM	037411105	476	11,277	SH		SOLE		0	0	11,277
APACHE CORP	COM	037411105	4	100	SH		OTR		0	0	100
APPLE INC	COM	037833100	6,396	37,796	SH		SOLE		0	0	37,796
AQUA AMERICA	COM	03836W103	5,600	142,760	SH		SOLE		0	0	142,760
AQUA AMERICA	COM	03836W103	9	231	SH		OTR		0	0	231
ARCHER DANIELS MIDLAND CO	COM	039483102	1,132	28,236	SH		SOLE		0	0	28,236
ARCHER DANIELS MIDLAND CO	COM	039483102	11	280	SH		OTR		0	0	280
AT&T CORP NEW	COM	00206R102	3,690	94,898	SH		SOLE		0	0	94,898
ATMOS ENERGY CORP	COM	049560105	1,019	11,865	SH		SOLE		0	0	11,865
BANK OF AMERICA	COM	060505104	1,030	34,888	SH		SOLE		0	0	34,888
BANK OF NEW YORK MELLON CORP	COM	064058100	1,141	21,184	SH		SOLE		0	0	21,184
BANK OF NEW YORK MELLON CORP	COM	064058100	26	490	SH		OTR		0	0	490
BECTON DICKINSON	COM	075887109	9,359	43,721	SH		SOLE		0	0	43,721
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,464	15	SH		SOLE		0	0	15
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	669	3,374	SH		SOLE		0	0	3,374
BOEING	COM	097023105	2,919	9,898	SH		SOLE		0	0	9,898
BP PLC SPONS ADR	COM	055622104	385	9,164	SH		SOLE		0	0	9,164
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	1,001	16,333	SH		SOLE		0	0	16,333
BUCKEYE PARTNERS LP LTD PARTNE	COM	118230101	360	7,259	SH		SOLE		0	0	7,259
C S X CORPORATION	COM	126408103	407	7,400	SH		SOLE		0	0	7,400
CABLE ONE INC	COM	12685J105	265	377	SH		SOLE		0	0	377
CATERPILLAR INCORPORATED	COM	149123101	5,496	34,876	SH		SOLE		0	0	34,876
CATERPILLAR INCORPORATED	COM	149123101	20	130	SH		OTR		0	0	130
CHEMOURS CO	COM	163851108	36,772	734,549	SH		SOLE		0	0	734,549
CHEVRON CORP	COM	166764100	7,979	63,738	SH		SOLE		0	0	63,738
CHEVRON CORP	COM	166764100	23	185	SH		OTR		0	0	185
CHURCH & DWIGHT CO INC	COM	171340102	7,633	152,153	SH		SOLE		0	0	152,153
CHURCH & DWIGHT CO INC	COM	171340102	11	210	SH		OTR		0	0	210
CIMAREX ENERGY CO.	COM	171798101	488	4,000	SH		SOLE		0	0	4,000
CISCO SYSTEMS INC	COM	17275R102	5,311	138,671	SH		SOLE		0	0	138,671
CISCO SYSTEMS INC	COM	17275R102	19	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	2,106	45,893	SH		SOLE		0	0	45,893
COLGATE-PALMOLIVE COMPANY	COM	194162103	506	6,709	SH		SOLE		0	0	6,709
COMCAST CORP NEW CL A	COM	20030N101	498	12,446	SH		SOLE		0	0	12,446
CONOCOPHILLIPS	COM	20825C104	338	6,159	SH		SOLE		0	0	6,159
CORNING INC.	COM	219350105	779	24,365	SH		SOLE		0	0	24,365
CVS CAREMARK CORPORATION	COM	126650100	611	8,422	SH		SOLE		0	0	8,422
DANAHER CORP	COM	235851102	357	3,841	SH		SOLE		0	0	3,841
DANAHER CORP	COM	235851102	15	160	SH		OTR		0	0	160
DELL TECHNOLOGIES CL V	COM	24703L103	326	4,008	SH		SOLE		0	0	4,008
DENTSPLY SIRONA INC	COM	24906P109	6,444	97,892	SH		SOLE		0	0	97,892
DISCOVER FINANCIAL SERVICES	COM	254709108	667	8,677	SH		SOLE		0	0	8,677
DOMINION RESOURCES INC OF VA	COM	25746U109	3,619	44,641	SH		SOLE		0	0	44,641
DOMINION RESOURCES INC OF VA	COM	25746U109	7	85	SH		OTR		0	0	85
DOVER CORPORATION	COM	260003108	231	2,285	SH		SOLE		0	0	2,285
DOWDUPONT INC.	COM	26078J100	236,610	3,322,236	SH		SOLE		0	0	3,322,236
DOWDUPONT INC.	COM	26078J100	14	192	SH		OTR		0	0	192
DTE ENERGY	COM	233331107	330	3,011	SH		SOLE		0	0	3,011
DUKE ENERGY CORP	COM	26441C204	1,320	15,695	SH		SOLE		0	0	15,695
ELI LILLY & CO	COM	532457108	407	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	988	14,179	SH		SOLE		0	0	14,179
ENBRIDGE INC.	COM	29250N105	1,969	50,355	SH		SOLE		0	0	50,355
EXPRESS SCRIPTS HLDG CO	COM	30219G108	261	3,500	SH		SOLE		0	0	3,500
EXXON MOBIL CORPORATION	COM	30231G102	13,661	163,333	SH		SOLE		0	0	163,333
EXXON MOBIL CORPORATION	COM	30231G102	15	180	SH		OTR		0	0	180
FEDERAL REALTY INV TR S B I	COM	313747206	1,382	10,409	SH		SOLE		0	0	10,409
FEDEX CORP	COM	31428X106	6,972	27,940	SH		SOLE		0	0	27,940
FRANKLIN RESOURCES INC	COM	354613101	1,006	23,219	SH		SOLE		0	0	23,219
GENERAL ELECTRIC COMPANY	COM	369604103	6,547	375,184	SH		SOLE		0	0	375,184
GENERAL ELECTRIC COMPANY	COM	369604103	4	205	SH		OTR		0	0	205
GENERAL MILLS INC	COM	370334104	943	15,904	SH		SOLE		0	0	15,904
GRAHAM HOLDINGS CO.	COM	384637104	232	415	SH		SOLE		0	0	415
HARLEY DAVIDSON INC	COM	412822108	234	4,600	SH		SOLE		0	0	4,600
HEALTH CARE PPTY INVS	COM	40414L109	207	7,924	SH		SOLE		0	0	7,924
HERSHEY COMPANY	COM	427866108	1,516	13,352	SH		SOLE		0	0	13,352
HOME DEPOT	COM	437076102	953	5,030	SH		SOLE		0	0	5,030
HONEYWELL INTERNATIONAL INC	COM	438516106	2,611	17,028	SH		SOLE		0	0	17,028
HORMEL FOODS CORP	COM	440452100	200	5,500	SH		SOLE		0	0	5,500
HOST HOTELS & RESORTS	COM	44107P104	297	14,969	SH		SOLE		0	0	14,969
ILLINOIS TOOL WORKS INC.	COM	452308109	11,002	65,937	SH		SOLE		0	0	65,937
ILLINOIS TOOL WORKS INC.	COM	452308109	17	100	SH		OTR		0	0	100
INTEL CORP COM	COM	458140100	5,560	120,442	SH		SOLE		0	0	120,442
INTEL CORP COM	COM	458140100	29	620	SH		OTR		0	0	620
INTERNATIONAL BUSINESS MACHINE	COM	459200101	3,956	25,786	SH		SOLE		0	0	25,786
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	229	1,500	SH		SOLE		0	0	1,500
INTERNATIONAL PAPER CO	COM	460146103	337	5,809	SH		SOLE		0	0	5,809
INTUIT INC	COM	461202103	568	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	502	7,144	SH		SOLE		0	0	7,144
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	4,693	43,957	SH		SOLE		0	0	43,957
ISHARES RUSSELL 2000 IDX	COM	464287655	4,964	32,559	SH		SOLE		0	0	32,559
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	6,430	30,892	SH		SOLE		0	0	30,892
JOHNSON & JOHNSON	COM	478160104	16,372	117,174	SH		SOLE		0	0	117,174
JOHNSON & JOHNSON	COM	478160104	29	210	SH		OTR		0	0	210
JPMORGAN CHASE & CO.	COM	46625H100	9,436	88,239	SH		SOLE		0	0	88,239
JPMORGAN CHASE & CO.	COM	46625H100	28	260	SH		OTR		0	0	260
KELLOGG COMPANY	COM	487836108	3,579	52,651	SH		SOLE		0	0	52,651
KEYCORP	COM	493267108	254	12,600	SH		SOLE		0	0	12,600
KIMBERLY-CLARK CORP	COM	494368103	2,832	23,472	SH		SOLE		0	0	23,472
LABORATORY CORP OF AMERICA	COM	50540R409	396	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	645	2,010	SH		SOLE		0	0	2,010
LOWES COS	COM	548661107	10,657	114,663	SH		SOLE		0	0	114,663
LOWES COS	COM	548661107	24	260	SH		OTR		0	0	260
M & T BANK CORP	COM	55261F104	2,573	15,050	SH		SOLE		0	0	15,050
MANPOWER INC WISCONSIN	COM	56418H100	596	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	7,371	54,306	SH		SOLE		0	0	54,306
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	366	2,705	SH		SOLE		0	0	2,705
MC DONALD'S CORPORATION	COM	580135101	9,843	57,187	SH		SOLE		0	0	57,187
MC DONALD'S CORPORATION	COM	580135101	19	110	SH		OTR		0	0	110
MEDTRONIC INC	COM	G5960L103	379	4,691	SH		SOLE		0	0	4,691
MERCK & COMPANY INCORPORATED N	COM	58933Y105	3,987	70,859	SH		SOLE		0	0	70,859
MERCK & COMPANY INCORPORATED N	COM	58933Y105	11	200	SH		OTR		0	0	200
MICROSOFT CORPORATION	COM	594918104	11,546	134,982	SH		SOLE		0	0	134,982
MICROSOFT CORPORATION	COM	594918104	65	760	SH		OTR		0	0	760
MONDELEZ INTL INC	COM	609207105	203	4,747	SH		SOLE		0	0	4,747
MORGAN STANLEY & CO	COM	617446448	945	18,018	SH		SOLE		0	0	18,018
MOTOROLA SOLUTIONS, INC	COM	620076307	469	5,191	SH		SOLE		0	0	5,191
NATIONAL FUEL GAS CO	COM	636180101	212	3,868	SH		SOLE		0	0	3,868
NEXTERA ENERGY	COM	65339F101	3,237	20,722	SH		SOLE		0	0	20,722
NEXTERA ENERGY	COM	65339F101	9	60	SH		OTR		0	0	60
NORFOLK SOUTHERN CORP	COM	655844108	273	1,887	SH		SOLE		0	0	1,887
NORTHERN TRUST CORP	COM	665859104	1,039	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	422	8,926	SH		SOLE		0	0	8,926
PEPSICO INCORPORATED	COM	713448108	11,263	93,921	SH		SOLE		0	0	93,921
PEPSICO INCORPORATED	COM	713448108	8	65	SH		OTR		0	0	65
PFIZER INCORPORATED	COM	717081103	1,400	38,640	SH		SOLE		0	0	38,640
PHILIP MORRIS INTERNATIONAL	COM	718172109	544	5,150	SH		SOLE		0	0	5,150
PHILLIPS 66	COM	718546104	468	4,626	SH		SOLE		0	0	4,626
PIONEER NAT RES CO	COM	723787107	277	1,600	SH		SOLE		0	0	1,600
PNC FINANCIAL SERVICES GROUP	COM	693475105	504	3,494	SH		SOLE		0	0	3,494
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	967	6,211	SH		SOLE		0	0	6,211
PRAXAIR INC	COM	74005P104	386	2,496	SH		SOLE		0	0	2,496
PROCTER & GAMBLE COMPANY	COM	742718109	12,911	140,515	SH		SOLE		0	0	140,515
PROCTER & GAMBLE COMPANY	COM	742718109	18	200	SH		OTR		0	0	200
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	317	6,150	SH		SOLE		0	0	6,150
RAYTHEON COMPANY NEW	COM	755111507	207	1,100	SH		SOLE		0	0	1,100
ROYAL DUTCH SHELL PLC CL A	COM	780259206	201	3,009	SH		SOLE		0	0	3,009
SAUL CENTERS INC.	COM	804395101	423	6,850	SH		SOLE		0	0	6,850
SAUL CENTERS INC.	COM	804395101	8	128	SH		OTR		0	0	128
SCHLUMBERGER LIMITED	COM	806857108	253	3,751	SH		SOLE		0	0	3,751
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	253	4,800	SH		SOLE		0	0	4,800
SMUCKER J.M. CO	COM	832696405	622	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	3,995	83,068	SH		SOLE		0	0	83,068
SPDR S&P 500 ETF	COM	78462F103	301	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,126	18,545	SH		SOLE		0	0	18,545
T ROWE PRICE GROUP INC.	COM	74144T108	10,934	104,198	SH		SOLE		0	0	104,198
T ROWE PRICE GROUP INC.	COM	74144T108	22	210	SH		OTR		0	0	210
TARGET CORP	COM	87612E106	717	10,994	SH		SOLE		0	0	10,994
TEXAS INSTRUMENTS	COM	882508104	668	6,400	SH		SOLE		0	0	6,400
THE TRAVELERS COS INC	COM	89417E109	619	4,560	SH		SOLE		0	0	4,560
THERMO FISHER SCIENTIFIC	COM	883556102	322	1,695	SH		SOLE		0	0	1,695
UDR INC	COM	902653104	826	21,449	SH		SOLE		0	0	21,449
UNILEVER	COM	904784709	270	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	4,850	36,165	SH		SOLE		0	0	36,165
UNITED HEALTHCARE CORP	COM	91324P102	5,333	24,191	SH		SOLE		0	0	24,191
UNITED TECHNOLOGIES CORP COM	COM	913017109	7,579	59,411	SH		SOLE		0	0	59,411
UNITED TECHNOLOGIES CORP COM	COM	913017109	16	125	SH		OTR		0	0	125
US BANCORP DEL (NEW)	COM	902973304	256	4,781	SH		SOLE		0	0	4,781
VANGUARD EMERGING MARKETS ETF	COM	922042858	809	17,629	SH		SOLE		0	0	17,629
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,320	29,419	SH		SOLE		0	0	29,419
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	36,961	224,373	SH		SOLE		0	0	224,373
VANGUARD MID CAP ETF	COM	922908629	4,364	28,194	SH		SOLE		0	0	28,194
VANGUARD S&P ETF	COM	922908363	1,147	4,677	SH		SOLE		0	0	4,677
VANGUARD SMALL CAP ETF	COM	922908751	3,555	24,052	SH		SOLE		0	0	24,052
VANGUARD TOTAL STOCK MARKET	COM	922908769	1,966	14,325	SH		SOLE		0	0	14,325
VERIZON COMMUNICATIONS	COM	92343V104	2,895	54,687	SH		SOLE		0	0	54,687
VISA INC CLASS A	COM	92826C839	8,260	72,445	SH		SOLE		0	0	72,445
VULCAN MATERIALS CO	COM	929160109	308	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	294	2,977	SH		SOLE		0	0	2,977
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	6,203	85,412	SH		SOLE		0	0	85,412
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	15	205	SH		OTR		0	0	205
WALT DISNEY COMPANY	COM	254687106	5,872	54,617	SH		SOLE		0	0	54,617
WALT DISNEY COMPANY	COM	254687106	18	165	SH		OTR		0	0	165
WASH REAL ESTATE INV TRUST S B	COM	939653101	2,913	93,615	SH		SOLE		0	0	93,615
WASTE CONNECTIONS INC	COM	94106B101	307	4,333	SH		SOLE		0	0	4,333
WEINGARTEN REALTY INVS S B I	COM	948741103	2,817	85,696	SH		SOLE		0	0	85,696
WELLS FARGO & CO. NEW	COM	949746101	8,573	141,313	SH		SOLE		0	0	141,313
WELLS FARGO & CO. NEW	COM	949746101	24	395	SH		OTR		0	0	395
WEYERHAEUSER CO	COM	962166104	564	16,004	SH		SOLE		0	0	16,004
WGL HLDGS INC	COM	92924F106	1,958	22,811	SH		SOLE		0	0	22,811
YUM BRANDS INC	COM	988498101	235	2,880	SH		SOLE		0	0	2,880
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	434	3,594	SH		SOLE		0	0	3,594