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
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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
3M Co COM 88579Y101 3,570 17,182 SH   SOLE   0 0 17,182
Alexandria Real COM 015271109 264 1,850 SH   DFND   1,850 0 0
Allstate Corp COM 020002101 2,110 22,399 SH   SOLE   0 0 22,399
American Tower-A ADR 03027X100 493 2,500 SH   DFND   2,500 0 0
Amgen Inc COM 031162100 3,371 17,745 SH   SOLE   0 0 17,745
Annaly Capital M COM 035710409 132 13,200 SH   DFND   13,200 0 0
Apple Inc COM 037833100 502 2,645 SH   SOLE   0 0 2,645
Apple Inc COM 037833100 570 3,000 SH   DFND   3,000 0 0
Artesian Resource Corp COM 043113208 3,131 84,015 SH   SOLE   0 0 84,015
Astrazeneca-Adr ADR 046353108 323 8,000 SH   DFND   8,000 0 0
Automatic Data Processing COM 053015103 237 1,483 SH   SOLE   0 0 1,483
Avalonbay Commun COM 053484101 261 1,300 SH   DFND   1,300 0 0
Banco Santan-Adr ADR 05964H105 93 20,162 SH   DFND   20,162 0 0
Bank Of America Corporation COM 060505104 496 17,988 SH   SOLE   0 0 17,988
Beasley Broadcast Grp Inc COM 074014101 88 22,000 SH   DFND   22,000 0 0
Blackrock Intern L Grth & Inc Common COM 092524107 2,766 497,536 SH   SOLE   0 0 497,536
Blackrock Muniyield Qty Iii COM 09254E103 1,098 84,942 SH   SOLE   0 0 84,942
Blue Capital Reisurance COM G1190F107 94 14,000 SH   DFND   14,000 0 0
Bp Plc-Adr ADR 055622104 577 13,195 SH   DFND   13,195 0 0
Briggs & Strattn COM 109043109 118 10,000 SH   DFND   10,000 0 0
Cemex Sab-Sp Adr ADR 151290889 162 35,000 SH   DFND   35,000 0 0
Chase Corp COM 16150R104 4,862 52,543 SH   SOLE   0 0 52,543
Chevron Corp COM 166764100 308 2,500 SH   DFND   2,500 0 0
Cimarex Energy Co ADR 171798101 2,132 30,505 SH   SOLE   0 0 30,505
Compania Cervecerias -Adr ADR 204429104 424 14,401 SH   DFND   14,401 0 0
Consumer Discret Sel Sect Spdr(R) Etf COM 81369Y407 4,617 40,554 SH   SOLE   0 0 40,554
Consumer Staples Select Sector Spdr(R) Etf COM 81369Y308 3,536 63,021 SH   SOLE   0 0 63,021
Covanta Holding Corp COM 22282E102 2,690 155,381 SH   SOLE   0 0 155,381
Crown Castle Int COM 22822V101 256 2,000 SH   DFND   2,000 0 0
Csx Corp COM 126408103 4,765 63,683 SH   SOLE   0 0 63,683
Cvs Health Corp COM 126650100 1,187 22,003 SH   SOLE   0 0 22,003
Cyrusone, Inc. COM 23283R100 273 5,200 SH   DFND   5,200 0 0
Dentsply Sirona Inc COM 24906P109 248 5,000 SH   DFND   5,000 0 0
Diageo Plc-Adr ADR 25243Q205 458 2,800 SH   DFND   2,800 0 0
Digital Realty COM 253868103 255 2,141 SH   DFND   2,141 0 0
Duke Energy Corporation COM 26441C204 203 2,254 SH   SOLE   0 0 2,254
Electronic Arts COM 285512109 203 2,000 SH   DFND   2,000 0 0
Energy Select Sector Spdr(R) Etf COM 81369Y506 2,584 39,083 SH   SOLE   0 0 39,083
Enterprise Products Partners Lp COM 293792107 1,999 68,677 SH   SOLE   0 0 68,677
Essex Property COM 297178105 260 900 SH   DFND   900 0 0
Everest Re Group Ltd COM G3223R108 2,623 12,144 SH   SOLE   0 0 12,144
Extra Space Stor COM 30225T102 255 2,500 SH   DFND   2,500 0 0
Exxon Mobil Corporation COM 30231G102 2,078 25,723 SH   SOLE   0 0 25,723
F N B Corp COM 302520101 759 71,607 SH   SOLE   0 0 71,607
Glaxosmithkl-Adr ADR 37733W105 272 6,500 SH   DFND   6,500 0 0
Global Self Storage Inc COM 37955N106 100 26,000 SH   DFND   26,000 0 0
Gold Fields-Adr ADR 38059T106 37 10,000 SH   DFND   10,000 0 0
Goldman Sachs Activebeta(R) Intl Eq Etf COM 381430107 6,922 246,779 SH   SOLE   0 0 246,779
Goldman Sachs Activebeta(R) Us Lgcp Eq Etf COM 381430503 2,313 40,706 SH   SOLE   0 0 40,706
Granite Point Mortgage COM 38741L107 223 12,000 SH   DFND   12,000 0 0
Group 1 Automoti COM 398905109 259 4,000 SH   DFND   4,000 0 0
Grupo Aeroportuario - Adr ADR 40051E202 210 1,300 SH   DFND   1,300 0 0
Grupo Televisa - Adr ADR 40049J206 166 15,000 SH   DFND   15,000 0 0
Hdfc Bank Ltd - Adr ADR 40415F101 464 4,000 SH   DFND   4,000 0 0
Ing Groep-Adr ADR 456837103 121 10,000 SH   DFND   10,000 0 0
Ingles Markets Inc COM 457030104 2,383 86,279 SH   SOLE   0 0 86,279
Inseego Corp COM 45782B104 57 12,000 SH   SOLE   0 0 12,000
Intercontinental Hotels COM 45857P806 251 4,103 SH   DFND   4,103 0 0
Invesco Bulletshares 2023 Corp Bd Etf COM 46138J866 2,258 108,542 SH   SOLE   0 0 108,542
Invesco China Real Estate COM 46138E602 255 8,500 SH   DFND   8,500 0 0
Invesco Muni Opps. Trust Common COM 46132C107 1,068 89,486 SH   SOLE   0 0 89,486
Invesco S&P 500(R) Eq Weight Hc Etf COM 46137V332 4,057 20,553 SH   SOLE   0 0 20,553
Invesco S&P 500(R) Equal Weight Etf ADR 46137V357 3,830 36,670 SH   SOLE   0 0 36,670
Invesco S&P Global Water Index Etf COM 46138E263 2,047 57,809 SH   SOLE   0 0 57,809
Iron Mountain Inc. COM 46284V101 255 7,200 SH   DFND   7,200 0 0
Ishares 0-5 Year High Yield Corp Bd COM 46434V407 2,674 57,253 SH   SOLE   0 0 57,253
Ishares Cali Amt-Free Muni Bond COM 464288356 562 9,436 SH   SOLE   0 0 9,436
Ishares Cohen & Steers Reit COM 464287564 2,722 24,482 SH   SOLE   0 0 24,482
Ishares Core S&P Mid-Cap COM 464287507 3,954 20,877 SH   SOLE   0 0 20,877
Ishares Core Us Aggregate Bond COM 464287226 1,312 12,027 SH   SOLE   0 0 12,027
Ishares Floating Rate Bond COM 46429B655 6,158 120,956 SH   SOLE   0 0 120,956
Ishares Global Healthcare COM 464287325 3,532 57,805 SH   SOLE   0 0 57,805
Ishares Global Tech Etf COM 464287291 2,000 11,690 SH   SOLE   0 0 11,690
Ishares Iboxx $ Invst Grade Crp Bond COM 464287242 1,409 11,835 SH   SOLE   0 0 11,835
Ishares Mbs COM 464288588 1,306 12,276 SH   SOLE   0 0 12,276
Ishares Msci Eafe COM 464287465 911 14,051 SH   SOLE   0 0 14,051
Ishares Msci Eafe Small-Cap COM 464288273 3,849 67,009 SH   SOLE   0 0 67,009
Ishares Msci Emu ADR 464286608 3,238 83,897 SH   SOLE   0 0 83,897
Ishares Msci Japan COM 46434G822 1,363 24,910 SH   SOLE   0 0 24,910
Ishares National Amt-Free Muni Bond COM 464288414 1,445 12,999 SH   SOLE   0 0 12,999
Ishares Russell 1000 COM 464287622 3,499 22,242 SH   SOLE   0 0 22,242
Ishares Russell 2000 COM 464287655 1,212 7,915 SH   SOLE   0 0 7,915
Ishares Russell Mid-Cap COM 464287499 2,463 45,649 SH   SOLE   0 0 45,649
Ishares Select Dividend COM 464287168 3,413 34,758 SH   SOLE   0 0 34,758
Ishares Short-Term National Muni Bond COM 464288158 751 7,085 SH   SOLE   0 0 7,085
James Hardie Ind Plc Adr ADR 47030M106 322 25,000 SH   DFND   25,000 0 0
Jh Financial Opportunities Common COM 409735206 3,115 97,658 SH   SOLE   0 0 97,658
Jhancock Multifactor Large Cap Etf COM 47804J107 1,142 31,320 SH   SOLE   0 0 31,320
Johnson & Johnson COM 478160104 2,572 18,402 SH   SOLE   0 0 18,402
Jpmorgan Ultra-Short Income Etf COM 46641Q837 1,433 28,482 SH   SOLE   0 0 28,482
Kvh Industries COM 482738101 306 30,000 SH   DFND   30,000 0 0
Lennox Intl Inc COM 526107107 449 1,700 SH   DFND   1,700 0 0
Lowe S Companies Inc ADR 548661107 2,370 21,646 SH   SOLE   0 0 21,646
Lowe'S Cos Inc COM 548661107 285 2,600 SH   DFND   2,600 0 0
Metlife Inc COM 59156R108 1,452 34,110 SH   SOLE   0 0 34,110
Microsoft Corp COM 594918104 236 2,000 SH   SOLE   0 0 2,000
Miller Ind Inc/Tenn COM 600551204 555 18,000 SH   DFND   18,000 0 0
National Retail COM 637417106 222 4,000 SH   DFND   4,000 0 0
National Western Life Insurance COM 638517102 2,821 10,748 SH   SOLE   0 0 10,748
Netapp Inc COM 64110D104 624 9,000 SH   DFND   9,000 0 0
New Residential Invmt COM 64828T201 169 10,000 SH   DFND   10,000 0 0
Nice Systems-Adr ADR 653656108 551 4,500 SH   DFND   4,500 0 0
Norfolk Southern COM 655844108 561 3,000 SH   DFND   3,000 0 0
Novartis Ag COM 66987V109 2,219 23,078 SH   SOLE   0 0 23,078
Nuveen Intermediate Duration Muni Term COM 670671106 1,686 128,182 SH   SOLE   0 0 128,182
Old Republic International Corp COM 680223104 1,391 66,494 SH   SOLE   0 0 66,494
Orbcomm Inc COM 68555P100 136 20,000 SH   DFND   20,000 0 0
Pearson Plc COM 705015105 220 20,000 SH   DFND   20,000 0 0
Phillips 66 Com COM 718546104 1,507 15,838 SH   SOLE   0 0 15,838
Pimco Enhanced Short Maturity Etf COM 72201R833 6,252 61,558 SH   SOLE   0 0 61,558
Powershrs Bulletshares 2019 Corp Etf COM 46138J304 5,071 240,665 SH   SOLE   0 0 240,665
Powershrs Bulletshares 2019 Hy Corp Etf COM 46138J403 241 10,040 SH   SOLE   0 0 10,040
Powershrs Bulletshares 2020 Corp Etf COM 46138J502 5,651 266,303 SH   SOLE   0 0 266,303
Powershrs Bulletshares 2020 Hy Corp Etf COM 46138J601 576 23,914 SH   SOLE   0 0 23,914
Powershrs Bulletshares 2021 Corp Etf COM 46138J700 5,672 269,723 SH   SOLE   0 0 269,723
Powershrs Bulletshares 2022 Corp Etf COM 46138J882 3,187 150,886 SH   SOLE   0 0 150,886
Powershrs Bulletshares 2022 Hy Corp Etf COM 46138J874 3,995 163,253 SH   SOLE   0 0 163,253
Procter & Gamble COM 742718109 364 3,500 SH   DFND   3,500 0 0
Qualcomm Inc COM 747525103 297 5,216 SH   SOLE   0 0 5,216
Regions Financial Corp COM 7591EP100 255 18,000 SH   DFND   18,000 0 0
Rgc Resources COM 74955L103 860 32,444 SH   SOLE   0 0 32,444
Royce Micro Cap Trust Common COM 780915104 2,731 327,864 SH   SOLE   0 0 327,864
Royce Value Trust Common COM 780910105 157 11,384 SH   SOLE   0 0 11,384
Ryman Hospitality Prop COM 78377T107 249 3,024 SH   DFND   3,024 0 0
Sba Communications Corp COM 78410G104 399 2,000 SH   DFND   2,000 0 0
Schwab Emerging Markets Equity Etf(TM) COM 808524706 302 11,601 SH   SOLE   0 0 11,601
Schwab Fundamental Us Large Company Etf ADR 808524771 2,193 57,799 SH   SOLE   0 0 57,799
Schwab International Equity Etf(TM) COM 808524805 1,248 39,866 SH   SOLE   0 0 39,866
Schwab Us Aggregate Bond Etf(TM) COM 808524839 1,373 26,463 SH   SOLE   0 0 26,463
Schwab Us Mid-Cap Etf(TM) COM 808524508 1,539 27,786 SH   SOLE   0 0 27,786
Schwab Us Small-Cap Etf(TM) COM 808524607 1,459 20,862 SH   SOLE   0 0 20,862
Skyworks Solutio COM 83088M102 330 4,000 SH   DFND   4,000 0 0
Sl Green Realty COM 78440X101 245 2,720 SH   DFND   2,720 0 0
Sony Corp Adr COM 835699307 211 5,000 SH   DFND   5,000 0 0
Spdr(R) Blmbg Barclays St Corp Bd Etf COM 78464A474 5,822 190,580 SH   SOLE   0 0 190,580
Spdr(R) S&P Midcap 400 Etf COM 78467Y107 477 1,380 SH   SOLE   0 0 1,380
Store Capital COM 862121100 255 7,600 SH   DFND   7,600 0 0
Stryker Corporation COM 863667101 3,135 15,870 SH   SOLE   0 0 15,870
Thermo Fisher COM 883556102 547 2,000 SH   DFND   2,000 0 0
Tyson Foods Inc COM 902494103 1,467 21,128 SH   SOLE   0 0 21,128
Udr Inc COM 902653104 452 9,951 SH   SOLE   0 0 9,951
Unilever Nv-Nys COM 904784709 525 9,000 SH   DFND   9,000 0 0
United Therapeut COM 91307C102 323 2,750 SH   DFND   2,750 0 0
Valmont Industries Inc COM 920253101 3,033 23,309 SH   SOLE   0 0 23,309
Vanguard Ftse Developed Markets Etf COM 921943858 8,398 205,483 SH   SOLE   0 0 205,483
Vanguard Ftse Emerging Markets Etf COM 922042858 1,086 25,543 SH   SOLE   0 0 25,543
Vanguard High Dividend Yield Etf COM 921946406 972 11,351 SH   SOLE   0 0 11,351
Vanguard Information Technology Etf COM 92204A702 8,764 43,682 SH   SOLE   0 0 43,682
Vanguard S&P 500 Etf COM 922908363 340 1,310 SH   SOLE   0 0 1,310
Vanguard Short-Term Corporate Bond Etf COM 92206C409 1,236 15,495 SH   SOLE   0 0 15,495
Verizon Communications Inc COM 92343V104 215 3,631 SH   SOLE   0 0 3,631
Visa Inc Class A COM 92826C839 283 1,811 SH   SOLE   0 0 1,811
Voya Asia Pacific High Dividend Eq Inc COM 92912J102 1,551 165,722 SH   SOLE   0 0 165,722
Voya Financial Inc COM 929089100 2,450 49,035 SH   SOLE   0 0 49,035
Walt Disney Co COM 254687106 483 4,347 SH   SOLE   0 0 4,347
Walt Disney Co COM 254687106 333 3,000 SH   DFND   3,000 0 0
Wells Fargo & Co COM 949746101 201 4,161 SH   DFND   4,161 0 0
Western Asset Glb Corp Def Opp Common COM 95790C107 4,214 256,040 SH   SOLE   0 0 256,040
Western Asset High Income Opp COM 95766K109 4,473 926,066 SH   SOLE   0 0 926,066
Williams Companies Inc COM 969457100 1,410 49,110 SH   SOLE   0 0 49,110
Wp Carey Inc COM 92936U109 350 4,470 SH   DFND   4,470 0 0
Wpx Energy Inc COM 98212B103 301 22,944 SH   SOLE   0 0 22,944