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
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
3M Company COM 88579Y101 2,423 17,102 SH   SOLE   17,102 0 0
AT&T Corp COM 00206r102 1,254 35,579 SH   SOLE   35,579 0 0
ATP Oil & Gas Corp COM 00208J108 0 13,700 SH   SOLE   13,700 0 0
AbbVie Inc COM 00287y109 904 15,645 SH   SOLE   15,645 0 0
Abbott Labs COM 002824100 311 7,476 SH   SOLE   7,476 0 0
Alimera Sciences, Inc COM 016259103 195 36,050 SH   SOLE   36,050 0 0
AmTrust Financial Services COM 032359309 326 8,194 SH   SOLE   8,194 0 0
AmeriSource Bergen Corp COM 03073E105 243 3,150 SH   SOLE   3,150 0 0
Apollo Investment Corp COM 03761u106 100 12,290 SH   SOLE   12,290 0 0
Apple Computer, Inc. COM 037833100 3,960 39,310 SH   SOLE   39,310 0 0
Applied Materials COM 038222105 271 12,522 SH   SOLE   12,522 0 0
Atrion Corp COM 049904105 305 1,000 SH   SOLE   1,000 0 0
BB&T Corp COM 054937107 960 25,797 SH   SOLE   25,797 0 0
Baxter Intl Inc. COM 071813109 2,162 30,125 SH   SOLE   30,125 0 0
Blackstone Group LP COM 09253U108 464 14,750 SH   SOLE   14,750 0 0
Bristol Myers Squibb COM 110122108 436 8,511 SH   SOLE   8,511 0 0
CBL & Assoc Prop COM 124830100 230 12,876 SH   SOLE   12,876 0 0
CVS Corp COM 126650100 5,813 73,035 SH   SOLE   73,035 0 0
Calypso Wireless COM 131720104 0 21,750 SH   SOLE   21,750 0 0
Canadian Natural Resources Ltd COM 136385101 311 8,000 SH   SOLE   8,000 0 0
CarMax, Inc COM 143130102 373 8,020 SH   SOLE   8,020 0 0
Cardinal Health, Inc. COM 14149Y108 525 7,008 SH   SOLE   7,008 0 0
Carolina Financial Corp COM 143873107 213 8,000 SH   SOLE   8,000 0 0
Caterpillar COM 149123101 426 4,305 SH   SOLE   4,305 0 0
ChevronTexaco Corporation COM 166764100 959 8,037 SH   SOLE   8,037 0 0
Cincinnati Finl COM 172062101 1,455 30,921 SH   SOLE   30,921 0 0
Cisco Systems, Inc. COM 17275R102 1,947 77,368 SH   SOLE   77,368 0 0
Citigroup Inc New COM 172967424 344 6,642 SH   SOLE   6,642 0 0
Clorox Company COM 189054109 803 8,356 SH   SOLE   8,356 0 0
Coca Cola COM 191216100 2,193 51,398 SH   SOLE   51,398 0 0
Coca Cola Enterprise COM 191219104 232 5,220 SH   SOLE   5,220 0 0
ConocoPhillips COM 20825C104 1,515 19,804 SH   SOLE   19,804 0 0
CorEnergy Infrastructure Trust COM 21870U205 130 17,325 SH   SOLE   17,325 0 0
Cornerstone Community Bank COM 218924108 103 34,714 SH   SOLE   34,714 0 0
Costco Wholesale Corp COM 22160K105 710 5,663 SH   SOLE   5,663 0 0
Danaher Corp COM 235851102 3,400 44,749 SH   SOLE   44,749 0 0
Darden Restaurants, Inc. COM 237194105 779 15,133 SH   SOLE   15,133 0 0
Delta Air Lines Inc New COM 247361702 471 13,030 SH   SOLE   13,030 0 0
Dentsply Intn'l. COM 249030107 2,675 58,667 SH   SOLE   58,667 0 0
Diamond Offshore Drilling, Inc COM 25271c102 335 9,785 SH   SOLE   9,785 0 0
Dollar Tree, Inc COM 256746108 1,445 25,769 SH   SOLE   25,769 0 0
Dover Corp COM 260003108 2,521 31,381 SH   SOLE   31,381 0 0
Dow 30 COM 78467x109 2,219 13,050 SH   SOLE   13,050 0 0
Dow Chem Co COM 260543103 454 8,665 SH   SOLE   8,665 0 0
DuPont COM 263534109 2,817 39,257 SH   SOLE   39,257 0 0
Duke Energy Corp COM 26441C204 311 4,165 SH   SOLE   4,165 0 0
Emerson Electric Co COM 291011104 1,404 22,440 SH   SOLE   22,440 0 0
Enbridge Energy COM 29250R106 243 6,245 SH   SOLE   6,245 0 0
Express Scripts Inc COM 30219G108 317 4,485 SH   SOLE   4,485 0 0
Extendicare COM 30224t863 234 31,840 SH   SOLE   31,840 0 0
Exxon Mobil Corp COM 30231G102 741 7,879 SH   SOLE   7,879 0 0
Facebook Inc. COM 30303m102 1,257 15,904 SH   SOLE   15,904 0 0
First Bancorp NC COM 318910110 644 40,230 SH   SOLE   40,230 0 0
First Financial Northwest COM 32022K102 197 19,312 SH   SOLE   19,312 0 0
Fluor Corp COM 343412102 362 5,420 SH   SOLE   5,420 0 0
Ford Mtr Co COM 345370860 1,105 74,744 SH   SOLE   74,744 0 0
Freeport-McMoRan Copper & Gold COM 35671D857 208 6,361 SH   SOLE   6,361 0 0
General Electric Co COM 369604103 2,203 85,970 SH   SOLE   85,970 0 0
General Motors Corp COM 37045v100 363 11,355 SH   SOLE   11,355 0 0
GlaxoSmithKline PLC COM 37733w105 1,276 27,765 SH   SOLE   27,765 0 0
Goldman Sachs Group Inc COM 38141G104 295 1,609 SH   SOLE   1,609 0 0
Greenville Nat'l Bank COM 396242109 237 1,500 SH   SOLE   1,500 0 0
Group 1 Automotive, Inc COM 398905109 540 7,425 SH   SOLE   7,425 0 0
Heilig Meyers Co COM 422893107 0 10,562 SH   SOLE   10,562 0 0
Hewlett-Packard Co COM 428236103 488 13,750 SH   SOLE   13,750 0 0
Home Depot, Inc. COM 437076102 3,544 38,631 SH   SOLE   38,631 0 0
Honeywell Intl Inc COM 438516106 1,071 11,502 SH   SOLE   11,502 0 0
I B M COM 459200101 2,034 10,717 SH   SOLE   10,717 0 0
IShr MSCI Emerg Mkts ETF COM 464287234 690 16,604 SH   SOLE   16,604 0 0
Intel Corp COM 458140100 3,556 102,113 SH   SOLE   102,113 0 0
International Paper COM 460146103 807 16,900 SH   SOLE   16,900 0 0
Investors Title Company COM 461804106 487 6,649 SH   SOLE   6,649 0 0
Isle of Capir Casinos Inc COM 464592104 270 36,000 SH   SOLE   36,000 0 0
J.P. Morgan & Co, Inc. COM 46625H100 780 12,947 SH   SOLE   12,947 0 0
JPMorgan MLP Index COM 46625H365 1,352 25,465 SH   SOLE   25,465 0 0
Johnson & Johnson COM 478160104 3,446 32,334 SH   SOLE   32,334 0 0
Johnson Controls Inc. COM 478366107 1,341 30,470 SH   SOLE   30,470 0 0
KeyCorp COM 493267108 189 14,161 SH   SOLE   14,161 0 0
Kimberly Clark Corp COM 494368103 1,262 11,730 SH   SOLE   11,730 0 0
Kinder Morgan Inc. Cl P COM 49456b101 472 12,315 SH   SOLE   12,315 0 0
Knowles Corporation COM 49926d109 400 15,111 SH   SOLE   15,111 0 0
Kraft Foods Group, Inc. COM 50076Q106 1,676 29,716 SH   SOLE   29,716 0 0
L-3 Communications Hldgs Inc COM 502424104 754 6,341 SH   SOLE   6,341 0 0
LeapFrog Enterprises COM 52186N106 91 15,190 SH   SOLE   15,190 0 0
Leggett & Platt, Inc. COM 524660107 1,196 34,250 SH   SOLE   34,250 0 0
MBIA, Inc. COM 55262C100 96 10,470 SH   SOLE   10,470 0 0
Masco Corp COM 574599106 479 20,045 SH   SOLE   20,045 0 0
McDonalds Corp COM 580135101 1,532 16,162 SH   SOLE   16,162 0 0
Microsoft Corp COM 594918104 367 7,908 SH   SOLE   7,908 0 0
Midcap Index COM 78467Y107 400 1,606 SH   SOLE   1,606 0 0
Mondelez International, Inc. COM 609207105 1,376 40,152 SH   SOLE   40,152 0 0
Moodys Corp COM 615369105 341 3,608 SH   SOLE   3,608 0 0
NEWMONT MINING CORP COM COM 651639106 389 16,855 SH   SOLE   16,855 0 0
National Oilwell, Inc. COM 637071101 294 3,867 SH   SOLE   3,867 0 0
NetEase, Inc. ADS COM 64110w102 231 2,700 SH   SOLE   2,700 0 0
Occidental Petroleum COM 674599105 2,056 21,382 SH   SOLE   21,382 0 0
Pepsico, Inc. COM 713448108 1,918 20,607 SH   SOLE   20,607 0 0
Perrigo COM g97822103 4,827 32,140 SH   SOLE   32,140 0 0
Pfizer, Inc. COM 717081103 1,361 46,023 SH   SOLE   46,023 0 0
Philip Morris Internation Inc COM 718172109 359 4,300 SH   SOLE   4,300 0 0
Phillips 66 COM 718546104 494 6,080 SH   SOLE   6,080 0 0
Potash Corp Sask COM 73755l107 362 10,478 SH   SOLE   10,478 0 0
Procter & Gamble Co COM 742718109 2,608 31,142 SH   SOLE   31,142 0 0
QualComm Inc COM 747525103 877 11,725 SH   SOLE   11,725 0 0
Real Estate Investment Trust I COM 922908553 393 5,464 SH   SOLE   5,464 0 0
S E I Corp COM 784117103 993 27,460 SH   SOLE   27,460 0 0
S&P 500 Index COM 78462F103 1,608 8,162 SH   SOLE   8,162 0 0
SPDR Cons Staples Select COM 81369Y308 291 6,455 SH   SOLE   6,455 0 0
SPDR Energy Sel Select COM 81369Y506 1,429 15,773 SH   SOLE   15,773 0 0
SPDR Financial Select COM 81369Y605 2,820 121,700 SH   SOLE   121,700 0 0
SPDR Gold Trust COM 78463v107 328 2,824 SH   SOLE   2,824 0 0
SPDR Health Care Slct COM 81369y209 227 3,555 SH   SOLE   3,555 0 0
SPDR Industrials Select COM 81369Y704 627 11,788 SH   SOLE   11,788 0 0
SPDR Materials Select COM 81369Y100 1,105 22,283 SH   SOLE   22,283 0 0
SPDR S&P Oil & Gas Eqmnt COM 78464A748 604 15,037 SH   SOLE   15,037 0 0
SPDR S&P Oil & Gas Exploration COM 78464A730 698 10,141 SH   SOLE   10,141 0 0
SPDR S&P Semicond ETF COM 78464A862 794 10,819 SH   SOLE   10,819 0 0
SPDR Select Technology COM 81369Y803 769 19,265 SH   SOLE   19,265 0 0
SPDR Utilities ETF COM 81369Y886 1,682 39,962 SH   SOLE   39,962 0 0
Schlumberger Ltd COM 806857108 367 3,610 SH   SOLE   3,610 0 0
Sonoco Prods Co COM 835495102 432 10,996 SH   SOLE   10,996 0 0
South State Corp COM 840441109 1,122 20,058 SH   SOLE   20,058 0 0
Southern Arc Minerals COM 842200107 2 52,700 SH   SOLE   52,700 0 0
Southern Company COM 842587107 235 5,383 SH   SOLE   5,383 0 0
Spectra Energy Corp COM 847560109 649 16,522 SH   SOLE   16,522 0 0
Stanley Black and Decker COM 854502101 748 8,428 SH   SOLE   8,428 0 0
State Street Corp COM 857477103 344 4,667 SH   SOLE   4,667 0 0
SunTrust Bks Inc COM 867914103 310 8,160 SH   SOLE   8,160 0 0
TTC Technology Corp COM 87304r100 0 20,000 SH   SOLE   20,000 0 0
Teva Pharmaceutical Indus COM 881624209 1,215 22,612 SH   SOLE   22,612 0 0
Thermo Fisher Scientific, Inc COM 883556102 893 7,335 SH   SOLE   7,335 0 0
Time Warner Inc COM 887317303 245 3,259 SH   SOLE   3,259 0 0
Ultra Petroleum Corp COM 903914109 342 14,697 SH   SOLE   14,697 0 0
United Technologies COM 913017109 201 1,900 SH   SOLE   1,900 0 0
UnitedHealth Group Inc COM 91324P102 694 8,043 SH   SOLE   8,043 0 0
Vanguard Emer Mkts ETF COM 922042858 1,940 46,504 SH   SOLE   46,504 0 0
Vanguard Energy ETF COM 92204a306 249 1,900 SH   SOLE   1,900 0 0
Vanguard Info Tech ETF COM 92204A702 2,692 26,903 SH   SOLE   26,903 0 0
Vanguard Total Stock Market ET COM 922908769 4,258 42,059 SH   SOLE   42,059 0 0
Verizon Communications COM 92343v104 1,810 36,201 SH   SOLE   36,201 0 0
Watts Water Technologies Inc COM 942749102 2,243 38,515 SH   SOLE   38,515 0 0
Wells Fargo & Co COM 949746101 1,079 20,809 SH   SOLE   20,809 0 0
World Acceptance COM 981419104 3,124 46,275 SH   SOLE   46,275 0 0
eBay Inc COM 278642103 204 3,600 SH   SOLE   3,600 0 0
iShares DJ US Real Estate COM 464287739 305 4,410 SH   SOLE   4,410 0 0
iShr DJ US Consumer Cyclical COM 464287580 959 7,709 SH   SOLE   7,709 0 0
ProShares Short 20+ Year Treas COM 74347X849 290 10,460 SH   SOLE   10,460 0 0
Short Dow30 ProShares COM 74347R701 279 11,330 SH   SOLE   11,330 0 0
Short S&P 500 ProShares COM 74347R503 238 10,330 SH   SOLE   10,330 0 0
UltraShort 20+ Year Treasury COM 74347B201 883 15,678 SH   SOLE   15,678 0 0
UltraShort S&P 500 Proshares COM 74347B300 333 13,500 SH   SOLE   13,500 0 0
iPath S&P 500 VIX Short Term COM 06742e711 824 26,431 SH   SOLE   26,431 0 0