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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
AMERICAN FUNDS WASHINGTON MUTU	MF	939330825	766	17,281	SH		SOLE		0	0	17,281
FIDELITY 500 INDEX CL I	MF	315911768	1,150	12,057	SH		SOLE		0	0	12,057
FIDELITY CONTRAFUND	MF	316071109	948	7,179	SH		SOLE		0	0	7,179
INVESCO GLOBAL CORE EQUITY CL	MF	00141L798	212	13,481	SH		SOLE		0	0	13,481
MFS MASSACHUSETTS INV TRUST CL	MF	575736400	649	20,555	SH		SOLE		0	0	20,555
NUVEEN INSD DIV ADV MUNI FD CO	MF	67071L106	627	42,948	SH		SOLE		0	0	42,948
NUVEEN MD PREMIUM INC MUNICIPA	MF	67061Q107	279	23,025	SH		SOLE		0	0	23,025
PUTNAM MUNI OPPORTUNITIES TR S	MF	746922103	143	12,262	SH		SOLE		0	0	12,262
T ROWE PRICE ST TAX FREE INCOM	MF	77957R101	255	23,997	SH		SOLE		0	0	23,997
T. ROWE PRICE BLUE CHIP GROWTH	MF	77954Q106	223	2,071	SH		SOLE		0	0	2,071
T. ROWE PRICE HIGH-YIELD	MF	741481105	73	11,268	SH		SOLE		0	0	11,268
T. ROWE PRICE SMALL-CAP VALUE	MF	77957Q103	453	8,846	SH		SOLE		0	0	8,846
3M CO.	COM	88579Y101	3,700	18,807	SH		SOLE		0	0	18,807
ABBOTT LABORATORIES	COM	002824100	5,834	95,658	SH		SOLE		0	0	95,658
ABBVIE INC	COM	00287Y109	1,842	19,887	SH		SOLE		0	0	19,887
ADOBE SYSTEMS INCORPORATED	COM	00724F101	2,914	11,952	SH		SOLE		0	0	11,952
ADOBE SYSTEMS INCORPORATED	COM	00724F101	48	195	SH		OTR		0	0	195
AIR PRODUCTS & CHEMICALS	COM	009158106	217	1,391	SH		SOLE		0	0	1,391
ALLSTATE CORPORATION	COM	020002101	747	8,182	SH		SOLE		0	0	8,182
ALPHABET INC NON-VOTING CL C	COM	02079K107	1,964	1,760	SH		SOLE		0	0	1,760
ALPHABET INC NON-VOTING CL C	COM	02079K107	11	10	SH		OTR		0	0	10
ALPHABET INC VOTING CL A	COM	02079K305	568	503	SH		SOLE		0	0	503
ALPHABET INC VOTING CL A	COM	02079K305	11	10	SH		OTR		0	0	10
ALTRIA GROUP	COM	02209S103	250	4,400	SH		SOLE		0	0	4,400
AMAZON.COM INC	COM	023135106	6,169	3,629	SH		SOLE		0	0	3,629
AMERICAN EXPRESS INC	COM	025816109	2,104	21,467	SH		SOLE		0	0	21,467
AMERICAN EXPRESS INC	COM	025816109	21	210	SH		OTR		0	0	210
AMGEN INC	COM	031162100	964	5,221	SH		SOLE		0	0	5,221
AMGEN INC	COM	031162100	16	85	SH		OTR		0	0	85
ANADARKO PETROLEUM CORP	COM	032511107	427	5,829	SH		SOLE		0	0	5,829
ANADARKO PETROLEUM CORP	COM	032511107	6	80	SH		OTR		0	0	80
APACHE CORP	COM	037411105	343	7,332	SH		SOLE		0	0	7,332
APACHE CORP	COM	037411105	5	100	SH		OTR		0	0	100
APPLE INC	COM	037833100	7,058	38,131	SH		SOLE		0	0	38,131
AQUA AMERICA	COM	03836W103	5,200	147,814	SH		SOLE		0	0	147,814
AQUA AMERICA	COM	03836W103	8	231	SH		OTR		0	0	231
ARCHER DANIELS MIDLAND CO	COM	039483102	1,275	27,831	SH		SOLE		0	0	27,831
ARCHER DANIELS MIDLAND CO	COM	039483102	13	280	SH		OTR		0	0	280
AT&T CORP NEW	COM	00206R102	3,059	95,276	SH		SOLE		0	0	95,276
ATMOS ENERGY CORP	COM	049560105	1,226	13,600	SH		SOLE		0	0	13,600
BANK OF AMERICA	COM	060505104	988	35,048	SH		SOLE		0	0	35,048
BANK OF NEW YORK MELLON CORP	COM	064058100	1,110	20,574	SH		SOLE		0	0	20,574
BANK OF NEW YORK MELLON CORP	COM	064058100	16	290	SH		OTR		0	0	290
BECTON DICKINSON	COM	075887109	10,314	43,054	SH		SOLE		0	0	43,054
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	3,949	14	SH		SOLE		0	0	14
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	652	3,494	SH		SOLE		0	0	3,494
BOEING	COM	097023105	3,321	9,898	SH		SOLE		0	0	9,898
BP PLC SPONS ADR	COM	055622104	382	8,364	SH		SOLE		0	0	8,364
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	887	16,023	SH		SOLE		0	0	16,023
C S X CORPORATION	COM	126408103	472	7,400	SH		SOLE		0	0	7,400
CABLE ONE INC	COM	12685J105	276	377	SH		SOLE		0	0	377
CATERPILLAR INCORPORATED	COM	149123101	4,753	35,036	SH		SOLE		0	0	35,036
CATERPILLAR INCORPORATED	COM	149123101	14	105	SH		OTR		0	0	105
CHEMOURS CO	COM	163851108	32,568	734,185	SH		SOLE		0	0	734,185
CHEVRON CORP	COM	166764100	7,627	60,328	SH		SOLE		0	0	60,328
CHEVRON CORP	COM	166764100	20	155	SH		OTR		0	0	155
CHURCH & DWIGHT CO INC	COM	171340102	8,117	152,688	SH		SOLE		0	0	152,688
CHURCH & DWIGHT CO INC	COM	171340102	11	210	SH		OTR		0	0	210
CIMAREX ENERGY CO.	COM	171798101	407	4,000	SH		SOLE		0	0	4,000
CISCO SYSTEMS INC	COM	17275R102	5,871	136,441	SH		SOLE		0	0	136,441
CISCO SYSTEMS INC	COM	17275R102	22	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	1,921	43,803	SH		SOLE		0	0	43,803
COLGATE-PALMOLIVE COMPANY	COM	194162103	415	6,407	SH		SOLE		0	0	6,407
COMCAST CORP NEW CL A	COM	20030N101	408	12,446	SH		SOLE		0	0	12,446
CONOCOPHILLIPS	COM	20825C104	385	5,534	SH		SOLE		0	0	5,534
CORNING INC.	COM	219350105	670	24,365	SH		SOLE		0	0	24,365
CVS CAREMARK CORPORATION	COM	126650100	524	8,150	SH		SOLE		0	0	8,150
DANAHER CORP	COM	235851102	392	3,976	SH		SOLE		0	0	3,976
DANAHER CORP	COM	235851102	16	160	SH		OTR		0	0	160
DELL TECHNOLOGIES CL V	COM	24703L103	290	3,429	SH		SOLE		0	0	3,429
DENTSPLY SIRONA INC	COM	24906P109	4,274	97,635	SH		SOLE		0	0	97,635
DISCOVER FINANCIAL SERVICES	COM	254709108	611	8,677	SH		SOLE		0	0	8,677
DOMINION RESOURCES INC OF VA	COM	25746U109	3,106	45,556	SH		SOLE		0	0	45,556
DOMINION RESOURCES INC OF VA	COM	25746U109	6	85	SH		OTR		0	0	85
DOWDUPONT INC.	COM	26078J100	218,831	3,319,643	SH		SOLE		0	0	3,319,643
DOWDUPONT INC.	COM	26078J100	13	192	SH		OTR		0	0	192
DTE ENERGY	COM	233331107	312	3,011	SH		SOLE		0	0	3,011
DUKE ENERGY CORP	COM	26441C204	1,202	15,197	SH		SOLE		0	0	15,197
ELI LILLY & CO	COM	532457108	411	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	992	14,354	SH		SOLE		0	0	14,354
ENBRIDGE INC.	COM	29250N105	1,064	29,818	SH		SOLE		0	0	29,818
EXELON CORP	COM	30161N101	214	5,022	SH		SOLE		0	0	5,022
EXPRESS SCRIPTS HLDG CO	COM	30219G108	282	3,650	SH		SOLE		0	0	3,650
EXXON MOBIL CORPORATION	COM	30231G102	13,324	161,051	SH		SOLE		0	0	161,051
EXXON MOBIL CORPORATION	COM	30231G102	15	180	SH		OTR		0	0	180
FEDERAL REALTY INV TR S B I	COM	313747206	1,320	10,429	SH		SOLE		0	0	10,429
FEDEX CORP	COM	31428X106	6,300	27,745	SH		SOLE		0	0	27,745
FISERV INC	COM	337738108	222	3,000	SH		SOLE		0	0	3,000
FORTIVE CORP	COM	34959J108	241	3,120	SH		SOLE		0	0	3,120
FORTIVE CORP	COM	34959J108	10	135	SH		OTR		0	0	135
FRANKLIN RESOURCES INC	COM	354613101	744	23,219	SH		SOLE		0	0	23,219
GENERAL ELECTRIC COMPANY	COM	369604103	4,999	367,290	SH		SOLE		0	0	367,290
GENERAL ELECTRIC COMPANY	COM	369604103	3	205	SH		OTR		0	0	205
GENERAL MILLS INC	COM	370334104	688	15,554	SH		SOLE		0	0	15,554
GRAHAM HOLDINGS CO.	COM	384637104	243	415	SH		SOLE		0	0	415
HERSHEY COMPANY	COM	427866108	1,243	13,352	SH		SOLE		0	0	13,352
HOME DEPOT	COM	437076102	989	5,069	SH		SOLE		0	0	5,069
HONEYWELL INTERNATIONAL INC	COM	438516106	2,453	17,028	SH		SOLE		0	0	17,028
HORMEL FOODS CORP	COM	440452100	205	5,500	SH		SOLE		0	0	5,500
HOST HOTELS & RESORTS	COM	44107P104	250	11,869	SH		SOLE		0	0	11,869
ILLINOIS TOOL WORKS INC.	COM	452308109	9,133	65,922	SH		SOLE		0	0	65,922
ILLINOIS TOOL WORKS INC.	COM	452308109	14	100	SH		OTR		0	0	100
INTEL CORP COM	COM	458140100	5,969	120,079	SH		SOLE		0	0	120,079
INTEL CORP COM	COM	458140100	31	620	SH		OTR		0	0	620
INTERNATIONAL BUSINESS MACHINE	COM	459200101	3,602	25,786	SH		SOLE		0	0	25,786
INTERNATIONAL PAPER CO	COM	460146103	299	5,734	SH		SOLE		0	0	5,734
INTUIT INC	COM	461202103	735	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	449	6,704	SH		SOLE		0	0	6,704
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	5,178	47,147	SH		SOLE		0	0	47,147
ISHARES RUSSELL 2000 IDX	COM	464287655	5,376	32,829	SH		SOLE		0	0	32,829
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	6,623	31,221	SH		SOLE		0	0	31,221
JOHNSON & JOHNSON	COM	478160104	13,959	115,044	SH		SOLE		0	0	115,044
JOHNSON & JOHNSON	COM	478160104	21	175	SH		OTR		0	0	175
JPMORGAN CHASE & CO.	COM	46625H100	9,347	89,705	SH		SOLE		0	0	89,705
JPMORGAN CHASE & CO.	COM	46625H100	22	210	SH		OTR		0	0	210
KELLOGG COMPANY	COM	487836108	3,127	44,761	SH		SOLE		0	0	44,761
KEYCORP	COM	493267108	246	12,600	SH		SOLE		0	0	12,600
KIMBERLY-CLARK CORP	COM	494368103	2,420	22,977	SH		SOLE		0	0	22,977
LABORATORY CORP OF AMERICA	COM	50540R409	530	2,950	SH		SOLE		0	0	2,950
LABORATORY CORP OF AMERICA	COM	50540R409	8	47	SH		OTR		0	0	47
LOCKHEED MARTIN	COM	539830109	576	1,950	SH		SOLE		0	0	1,950
LOWES COS	COM	548661107	10,700	111,963	SH		SOLE		0	0	111,963
LOWES COS	COM	548661107	25	260	SH		OTR		0	0	260
M & T BANK CORP	COM	55261F104	2,561	15,050	SH		SOLE		0	0	15,050
MANPOWER INC WISCONSIN	COM	56418H100	407	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	7,077	55,901	SH		SOLE		0	0	55,901
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	306	2,705	SH		SOLE		0	0	2,705
MC DONALD'S CORPORATION	COM	580135101	9,061	57,829	SH		SOLE		0	0	57,829
MC DONALD'S CORPORATION	COM	580135101	17	110	SH		OTR		0	0	110
MEDTRONIC INC	COM	G5960L103	409	4,782	SH		SOLE		0	0	4,782
MERCK & COMPANY INCORPORATED N	COM	58933Y105	4,187	68,974	SH		SOLE		0	0	68,974
MERCK & COMPANY INCORPORATED N	COM	58933Y105	12	200	SH		OTR		0	0	200
MICROSOFT CORPORATION	COM	594918104	13,071	132,548	SH		SOLE		0	0	132,548
MICROSOFT CORPORATION	COM	594918104	53	540	SH		OTR		0	0	540
MORGAN STANLEY & CO	COM	617446448	785	16,558	SH		SOLE		0	0	16,558
MOTOROLA SOLUTIONS, INC	COM	620076307	604	5,191	SH		SOLE		0	0	5,191
NATIONAL FUEL GAS CO	COM	636180101	205	3,868	SH		SOLE		0	0	3,868
NEXTERA ENERGY	COM	65339F101	3,521	21,079	SH		SOLE		0	0	21,079
NEXTERA ENERGY	COM	65339F101	10	60	SH		OTR		0	0	60
NORFOLK SOUTHERN CORP	COM	655844108	275	1,825	SH		SOLE		0	0	1,825
NORTHERN TRUST CORP	COM	665859104	1,070	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	393	8,926	SH		SOLE		0	0	8,926
PEPSICO INCORPORATED	COM	713448108	10,177	93,476	SH		SOLE		0	0	93,476
PEPSICO INCORPORATED	COM	713448108	7	65	SH		OTR		0	0	65
PFIZER INCORPORATED	COM	717081103	1,395	38,455	SH		SOLE		0	0	38,455
PHILIP MORRIS INTERNATIONAL	COM	718172109	406	5,025	SH		SOLE		0	0	5,025
PHILLIPS 66	COM	718546104	520	4,626	SH		SOLE		0	0	4,626
PIONEER NAT RES CO	COM	723787107	284	1,500	SH		SOLE		0	0	1,500
PNC FINANCIAL SERVICES GROUP	COM	693475105	495	3,664	SH		SOLE		0	0	3,664
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	1,066	6,211	SH		SOLE		0	0	6,211
PRAXAIR INC	COM	74005P104	379	2,396	SH		SOLE		0	0	2,396
PROCTER & GAMBLE COMPANY	COM	742718109	10,787	138,190	SH		SOLE		0	0	138,190
PROCTER & GAMBLE COMPANY	COM	742718109	16	200	SH		OTR		0	0	200
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	292	5,400	SH		SOLE		0	0	5,400
RAYTHEON COMPANY NEW	COM	755111507	212	1,100	SH		SOLE		0	0	1,100
ROYAL DUTCH SHELL PLC CL A	COM	780259206	208	3,009	SH		SOLE		0	0	3,009
SAUL CENTERS INC.	COM	804395101	367	6,850	SH		SOLE		0	0	6,850
SAUL CENTERS INC.	COM	804395101	7	128	SH		OTR		0	0	128
SCHLUMBERGER LIMITED	COM	806857108	236	3,515	SH		SOLE		0	0	3,515
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	249	4,800	SH		SOLE		0	0	4,800
SMUCKER J.M. CO	COM	832696405	541	5,031	SH		SOLE		0	0	5,031
SOUTHERN COMPANY (THE)	COM	842587107	3,374	72,864	SH		SOLE		0	0	72,864
SPDR S&P 500 ETF	COM	78462F103	306	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,212	17,745	SH		SOLE		0	0	17,745
T ROWE PRICE GROUP INC.	COM	74144T108	11,772	101,408	SH		SOLE		0	0	101,408
T ROWE PRICE GROUP INC.	COM	74144T108	24	210	SH		OTR		0	0	210
TARGET CORP	COM	87612E106	717	9,424	SH		SOLE		0	0	9,424
TEXAS INSTRUMENTS	COM	882508104	713	6,465	SH		SOLE		0	0	6,465
THE TRAVELERS COS INC	COM	89417E109	559	4,570	SH		SOLE		0	0	4,570
THERMO FISHER SCIENTIFIC	COM	883556102	351	1,695	SH		SOLE		0	0	1,695
UDR INC	COM	902653104	798	21,249	SH		SOLE		0	0	21,249
UNILEVER	COM	904784709	267	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	5,115	36,100	SH		SOLE		0	0	36,100
UNITED HEALTHCARE CORP	COM	91324P102	6,088	24,816	SH		SOLE		0	0	24,816
UNITED TECHNOLOGIES CORP COM	COM	913017109	7,408	59,253	SH		SOLE		0	0	59,253
UNITED TECHNOLOGIES CORP COM	COM	913017109	16	125	SH		OTR		0	0	125
US BANCORP DEL (NEW)	COM	902973304	240	4,801	SH		SOLE		0	0	4,801
VANGUARD EMERGING MARKETS ETF	COM	922042858	782	18,519	SH		SOLE		0	0	18,519
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,341	31,254	SH		SOLE		0	0	31,254
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	40,853	225,209	SH		SOLE		0	0	225,209
VANGUARD MID CAP ETF	COM	922908629	4,627	29,349	SH		SOLE		0	0	29,349
VANGUARD S&P ETF	COM	922908363	1,167	4,677	SH		SOLE		0	0	4,677
VANGUARD SMALL CAP ETF	COM	922908751	3,882	24,937	SH		SOLE		0	0	24,937
VANGUARD TOTAL STOCK MARKET	COM	922908769	2,269	16,160	SH		SOLE		0	0	16,160
VERIZON COMMUNICATIONS	COM	92343V104	2,697	53,603	SH		SOLE		0	0	53,603
VISA INC CLASS A	COM	92826C839	9,447	71,328	SH		SOLE		0	0	71,328
VULCAN MATERIALS CO	COM	929160109	310	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	273	3,192	SH		SOLE		0	0	3,192
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	4,930	82,142	SH		SOLE		0	0	82,142
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	12	205	SH		OTR		0	0	205
WALT DISNEY COMPANY	COM	254687106	5,899	56,287	SH		SOLE		0	0	56,287
WALT DISNEY COMPANY	COM	254687106	17	165	SH		OTR		0	0	165
WASH REAL ESTATE INV TRUST S B	COM	939653101	2,819	92,955	SH		SOLE		0	0	92,955
WASTE CONNECTIONS INC	COM	94106B101	326	4,333	SH		SOLE		0	0	4,333
WEINGARTEN REALTY INVS S B I	COM	948741103	2,608	84,644	SH		SOLE		0	0	84,644
WELLS FARGO & CO. NEW	COM	949746101	7,429	134,000	SH		SOLE		0	0	134,000
WELLS FARGO & CO. NEW	COM	949746101	22	395	SH		OTR		0	0	395
WEYERHAEUSER CO	COM	962166104	584	16,004	SH		SOLE		0	0	16,004
WGL HLDGS INC	COM	92924F106	1,703	19,183	SH		SOLE		0	0	19,183
YUM BRANDS INC	COM	988498101	208	2,665	SH		SOLE		0	0	2,665
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	410	3,676	SH		SOLE		0	0	3,676