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 Co COM 88579Y101 2,976 17,169 SH   SOLE   0 0 17,169
Alexandria Real COM 015271109 261 1,850 SH   DFND   1,850 0 0
Allstate Corp COM 020002101 2,284 22,459 SH   SOLE   0 0 22,459
Amazon.Com Inc COM 023135106 625 330 SH   SOLE   0 0 330
American Tower-A COM 03027X100 511 2,500 SH   DFND   2,500 0 0
Amgen Inc COM 031162100 3,407 18,490 SH   SOLE   0 0 18,490
Annaly Capital M COM 035710409 121 13,200 SH   DFND   13,200 0 0
Apple Inc COM 037833100 594 3,000 SH   DFND   3,000 0 0
Apple Inc COM 037833100 925 4,676 SH   SOLE   0 0 4,676
Artesian Resource Corp COM 043113208 3,123 84,024 SH   SOLE   0 0 84,024
Astrazeneca-Adr COM 046353108 330 8,000 SH   DFND   8,000 0 0
At&T Inc COM 00206R102 213 6,346 SH   SOLE   0 0 6,346
Automatic Data Processing COM 053015103 245 1,483 SH   SOLE   0 0 1,483
Avalonbay Commun COM 053484101 264 1,300 SH   DFND   1,300 0 0
Banco Santan-Adr COM 05964H105 92 20,162 SH   DFND   20,162 0 0
Bank Of America Corporation COM 060505104 522 17,988 SH   SOLE   0 0 17,988
Beasley Broadcast Grp Inc COM 074014101 71 22,000 SH   DFND   22,000 0 0
Blackrock Intern L Grth & Inc Common COM 092524107 2,842 505,606 SH   SOLE   0 0 505,606
Blackrock Muniyield Qty Iii COM 09254E103 1,120 84,846 SH   SOLE   0 0 84,846
Blue Capital Reisurance COM G1190F107 92 14,000 SH   DFND   14,000 0 0
Bp Plc-Adr COM 055622104 567 13,587 SH   DFND   13,587 0 0
Briggs & Strattn COM 109043109 102 10,000 SH   DFND   10,000 0 0
Cabot Microelectronics Corp COM 12709P103 946 8,595 SH   SOLE   0 0 8,595
Cemex Sab-Sp Adr COM 151290889 148 35,000 SH   DFND   35,000 0 0
Chase Corp COM 16150R104 5,671 52,683 SH   SOLE   0 0 52,683
Chevron Corp COM 166764100 311 2,500 SH   DFND   2,500 0 0
Cimarex Energy Co COM 171798101 1,975 33,293 SH   SOLE   0 0 33,293
Coca-Cola Co COM 191216100 211 4,142 SH   SOLE   0 0 4,142
Compania Cervecerias -Adr COM 204429104 407 14,401 SH   DFND   14,401 0 0
Consumer Discret Sel Sect Spdr Etf COM 81369Y407 4,832 40,538 SH   SOLE   0 0 40,538
Consumer Staples Select Sector Spdr Etf COM 81369Y308 3,714 63,956 SH   SOLE   0 0 63,956
Covanta Holding Corp COM 22282E102 2,776 155,002 SH   SOLE   0 0 155,002
Crown Castle Int COM 22822V101 261 2,000 SH   DFND   2,000 0 0
Csx Corp COM 126408103 4,948 63,954 SH   SOLE   0 0 63,954
Cvs Health Corp COM 126650100 1,196 21,957 SH   SOLE   0 0 21,957
Cyrusone, Inc. COM 23283R100 300 5,200 SH   DFND   5,200 0 0
Dentsply Sirona Inc COM 24906P109 292 5,000 SH   DFND   5,000 0 0
Diageo Plc-Adr COM 25243Q205 483 2,800 SH   DFND   2,800 0 0
Digital Realty COM 253868103 252 2,141 SH   DFND   2,141 0 0
Electronic Arts COM 285512109 203 2,000 SH   DFND   2,000 0 0
Energy Select Sector Spdr Etf COM 81369Y506 2,491 39,103 SH   SOLE   0 0 39,103
Enterprise Products Partners Lp COM 293792107 2,018 69,901 SH   SOLE   0 0 69,901
Essex Property COM 297178105 263 900 SH   DFND   900 0 0
Everest Re Group Ltd COM G3223R108 3,072 12,429 SH   SOLE   0 0 12,429
Extra Space Stor COM 30225T102 265 2,500 SH   DFND   2,500 0 0
Exxon Mobil Corporation COM 30231G102 1,983 25,875 SH   SOLE   0 0 25,875
F N B Corp COM 302520101 843 71,610 SH   SOLE   0 0 71,610
Facebook Inc COM 30303M102 216 1,121 SH   SOLE   0 0 1,121
Fs Bancorp Inc COM 30263Y104 245 4,731 SH   DFND   4,731 0 0
Genesee & Wyomin COM 371559105 225 2,250 SH   DFND   2,250 0 0
Glaxosmithkl-Adr COM 37733W105 340 8,500 SH   DFND   8,500 0 0
Global Self Storage Inc COM 37955N106 98 26,000 SH   DFND   26,000 0 0
Gold Fields-Adr COM 38059T106 54 10,000 SH   DFND   10,000 0 0
Goldman Sachs Activebeta Intl Eq Etf COM 381430107 7,338 255,844 SH   SOLE   0 0 255,844
Goldman Sachs Activebeta Us Lgcp Eq Etf COM 381430503 2,817 47,930 SH   SOLE   0 0 47,930
Granite Point Mortgage COM 38741L107 230 12,000 SH   DFND   12,000 0 0
Group 1 Automoti COM 398905109 328 4,000 SH   DFND   4,000 0 0
Grupo Aeroportuario - Adr COM 40051E202 211 1,300 SH   DFND   1,300 0 0
Grupo Televisa - Adr COM 40049J206 127 15,000 SH   DFND   15,000 0 0
Hannon Armstrong COM 41068X100 214 7,600 SH   DFND   7,600 0 0
Hdfc Bank Ltd - Adr COM 40415F101 520 4,000 SH   DFND   4,000 0 0
Ing Groep-Adr COM 456837103 116 10,000 SH   DFND   10,000 0 0
Ingles Markets Inc COM 457030104 2,709 87,029 SH   SOLE   0 0 87,029
Inseego Corp COM 45782B104 57 12,000 SH   SOLE   0 0 12,000
Intel Corp COM 458140100 504 10,535 SH   SOLE   0 0 10,535
Intercontinental Hotels COM 45857P806 274 4,103 SH   DFND   4,103 0 0
Invesco Bulletshares 2023 Corp Bd Etf COM 46138J866 2,310 109,200 SH   SOLE   0 0 109,200
Invesco China Real Estate COM 46138E602 243 8,500 SH   DFND   8,500 0 0
Invesco Muni Opps. Trust Common COM 46132C107 1,112 90,403 SH   SOLE   0 0 90,403
Invesco S&P 500 Eq Weight Hc Etf COM 46137V332 4,165 20,554 SH   SOLE   0 0 20,554
Invesco S&P 500 Equal Weight Etf COM 46137V357 4,092 37,958 SH   SOLE   0 0 37,958
Invesco S&P Global Water Index Etf COM 46138E263 2,167 57,869 SH   SOLE   0 0 57,869
Iron Mountain Inc. COM 46284V101 225 7,200 SH   DFND   7,200 0 0
Ishares 0-5 Year High Yield Corp Bd COM 46434V407 2,692 57,654 SH   SOLE   0 0 57,654
Ishares Cali Amt-Free Muni Bond COM 464288356 572 9,436 SH   SOLE   0 0 9,436
Ishares Cohen & Steers Reit COM 464287564 2,746 24,374 SH   SOLE   0 0 24,374
Ishares Core S&P Mid-Cap COM 464287507 4,253 21,894 SH   SOLE   0 0 21,894
Ishares Core Us Aggregate Bond COM 464287226 1,450 13,018 SH   SOLE   0 0 13,018
Ishares Floating Rate Bond COM 46429B655 6,116 120,082 SH   SOLE   0 0 120,082
Ishares Global Healthcare COM 464287325 3,567 57,806 SH   SOLE   0 0 57,806
Ishares Global Tech Etf COM 464287291 2,117 11,790 SH   SOLE   0 0 11,790
Ishares Iboxx $ Invst Grade Crp Bond COM 464287242 1,521 12,228 SH   SOLE   0 0 12,228
Ishares Mbs COM 464288588 1,365 12,688 SH   SOLE   0 0 12,688
Ishares Msci Eafe COM 464287465 929 14,127 SH   SOLE   0 0 14,127
Ishares Msci Eafe Small-Cap COM 464288273 3,906 68,047 SH   SOLE   0 0 68,047
Ishares Msci Emu COM 464286608 3,343 84,518 SH   SOLE   0 0 84,518
Ishares Msci Japan COM 46434G822 1,393 25,515 SH   SOLE   0 0 25,515
Ishares National Amt-Free Muni Bond COM 464288414 1,461 12,919 SH   SOLE   0 0 12,919
Ishares Russell 1000 COM 464287622 3,852 23,665 SH   SOLE   0 0 23,665
Ishares Russell 2000 COM 464287655 1,339 8,611 SH   SOLE   0 0 8,611
Ishares Russell Mid-Cap COM 464287499 2,702 48,354 SH   SOLE   0 0 48,354
Ishares Select Dividend COM 464287168 3,455 34,701 SH   SOLE   0 0 34,701
Ishares Short-Term National Muni Bond COM 464288158 771 7,235 SH   SOLE   0 0 7,235
James Hardie Ind Plc Adr COM 47030M106 330 25,000 SH   DFND   25,000 0 0
Jh Financial Opportunities Common COM 409735206 3,155 97,986 SH   SOLE   0 0 97,986
Jhancock Multifactor Large Cap Etf COM 47804J107 1,201 31,772 SH   SOLE   0 0 31,772
Johnson & Johnson COM 478160104 2,937 21,089 SH   SOLE   0 0 21,089
Jpmorgan Chase & Co COM 46625H100 207 1,850 SH   SOLE   0 0 1,850
Jpmorgan Ultra-Short Income Etf COM 46641Q837 1,449 28,746 SH   SOLE   0 0 28,746
Kvh Industries COM 482738101 326 30,000 SH   DFND   30,000 0 0
Lennox Intl Inc COM 526107107 468 1,700 SH   DFND   1,700 0 0
Lowe S Companies Inc COM 548661107 2,184 21,646 SH   SOLE   0 0 21,646
Lowe'S Cos Inc COM 548661107 262 2,600 SH   DFND   2,600 0 0
Merck & Co Inc COM 58933Y105 401 4,787 SH   SOLE   0 0 4,787
Metlife Inc COM 59156R108 1,706 34,349 SH   SOLE   0 0 34,349
Microsoft Corp COM 594918104 201 1,500 SH   DFND   1,500 0 0
Microsoft Corp COM 594918104 458 3,418 SH   SOLE   0 0 3,418
Miller Ind Inc/Tenn COM 600551204 554 18,000 SH   DFND   18,000 0 0
National Retail COM 637417106 212 4,000 SH   DFND   4,000 0 0
National Western Life Insurance COM 638517102 2,751 10,706 SH   SOLE   0 0 10,706
Netapp Inc COM 64110D104 555 9,000 SH   DFND   9,000 0 0
Netflix Inc COM 64110L106 200 545 SH   SOLE   0 0 545
New Residential Invmt COM 64828T201 154 10,000 SH   DFND   10,000 0 0
Nice Systems-Adr COM 653656108 548 4,000 SH   DFND   4,000 0 0
Norfolk Southern COM 655844108 598 3,000 SH   DFND   3,000 0 0
Northwest Natural Hldg Co COM 66765N105 209 3,000 SH   DFND   3,000 0 0
Novartis Ag COM 66987V109 2,139 23,428 SH   SOLE   0 0 23,428
Nuveen Intermediate Duration Muni Term COM 670671106 1,749 130,222 SH   SOLE   0 0 130,222
Old Republic International Corp COM 680223104 1,491 66,601 SH   SOLE   0 0 66,601
Oracle Corporation COM 68389X105 304 5,342 SH   SOLE   0 0 5,342
Orbcomm Inc COM 68555P100 145 20,000 SH   DFND   20,000 0 0
Pearson Plc COM 705015105 207 20,000 SH   DFND   20,000 0 0
Philip Morris International Inc COM 718172109 222 2,829 SH   SOLE   0 0 2,829
Phillips 66 Com COM 718546104 1,496 15,994 SH   SOLE   0 0 15,994
Pimco Enhanced Short Maturity Etf COM 72201R833 6,237 61,293 SH   SOLE   0 0 61,293
Powershrs Bulletshares 2019 Corp Etf COM 46138J304 5,012 237,659 SH   SOLE   0 0 237,659
Powershrs Bulletshares 2019 Hy Corp Etf COM 46138J403 240 10,040 SH   SOLE   0 0 10,040
Powershrs Bulletshares 2020 Corp Etf COM 46138J502 5,710 268,560 SH   SOLE   0 0 268,560
Powershrs Bulletshares 2020 Hy Corp Etf COM 46138J601 614 25,493 SH   SOLE   0 0 25,493
Powershrs Bulletshares 2021 Corp Etf COM 46138J700 5,841 275,663 SH   SOLE   0 0 275,663
Powershrs Bulletshares 2022 Corp Etf COM 46138J882 3,300 154,264 SH   SOLE   0 0 154,264
Powershrs Bulletshares 2022 Hy Corp Etf COM 46138J874 4,091 166,835 SH   SOLE   0 0 166,835
Procter & Gamble COM 742718109 384 3,500 SH   DFND   3,500 0 0
Qualcomm Inc COM 747525103 400 5,260 SH   SOLE   0 0 5,260
Redwood Trust COM 758075402 251 15,192 SH   DFND   15,192 0 0
Regions Financial Corp COM 7591EP100 269 18,000 SH   DFND   18,000 0 0
Rgc Resources COM 74955L103 1,013 33,184 SH   SOLE   0 0 33,184
Royce Micro Cap Trust Common COM 780915104 2,735 332,747 SH   SOLE   0 0 332,747
Royce Value Trust Common COM 780910105 161 11,554 SH   SOLE   0 0 11,554
Ryman Hospitality Prop COM 78377T107 245 3,024 SH   DFND   3,024 0 0
Sba Communications Corp COM 78410G104 450 2,000 SH   DFND   2,000 0 0
Schwab Emerging Markets Equity Etf COM 808524706 309 11,764 SH   SOLE   0 0 11,764
Schwab Fundamental Us Large Company Etf COM 808524771 2,412 61,668 SH   SOLE   0 0 61,668
Schwab International Equity Etf COM 808524805 1,300 40,507 SH   SOLE   0 0 40,507
Schwab Us Aggregate Bond Etf COM 808524839 1,430 26,976 SH   SOLE   0 0 26,976
Schwab Us Mid-Cap Etf COM 808524508 1,604 28,102 SH   SOLE   0 0 28,102
Schwab Us Small-Cap Etf COM 808524607 1,517 21,224 SH   SOLE   0 0 21,224
Skyworks Solutio COM 83088M102 309 4,000 SH   DFND   4,000 0 0
Sony Corp Adr COM 835699307 262 5,000 SH   DFND   5,000 0 0
Spdr Blmbg Barclays St Corp Bd Etf COM 78464A474 5,799 188,399 SH   SOLE   0 0 188,399
Spdr S&P Midcap 400 Etf COM 78467Y107 489 1,380 SH   SOLE   0 0 1,380
Store Capital COM 862121100 252 7,600 SH   DFND   7,600 0 0
Stryker Corporation COM 863667101 3,267 15,890 SH   SOLE   0 0 15,890
Texas Instruments Inc COM 882508104 218 1,898 SH   SOLE   0 0 1,898
Thermo Fisher COM 883556102 587 2,000 SH   DFND   2,000 0 0
Tyson Foods Inc COM 902494103 1,713 21,219 SH   SOLE   0 0 21,219
Udr Inc COM 902653104 447 9,951 SH   SOLE   0 0 9,951
Unilever Nv-Nys COM 904784709 546 9,000 SH   DFND   9,000 0 0
United Therapeut COM 91307C102 215 2,750 SH   DFND   2,750 0 0
Valmont Industries Inc COM 920253101 2,987 23,552 SH   SOLE   0 0 23,552
Vanguard Ftse Developed Markets Etf COM 921943858 8,799 210,965 SH   SOLE   0 0 210,965
Vanguard Ftse Emerging Markets Etf COM 922042858 1,179 27,726 SH   SOLE   0 0 27,726
Vanguard High Dividend Yield Etf COM 921946406 1,111 12,720 SH   SOLE   0 0 12,720
Vanguard Information Technology Etf COM 92204A702 9,196 43,605 SH   SOLE   0 0 43,605
Vanguard S&P 500 Etf COM 922908363 392 1,458 SH   SOLE   0 0 1,458
Vanguard Short-Term Corporate Bond Etf COM 92206C409 1,480 18,345 SH   SOLE   0 0 18,345
Vanguard Total Stock Market Etf COM 922908769 352 2,347 SH   SOLE   0 0 2,347
Verizon Communications Inc COM 92343V104 382 6,691 SH   SOLE   0 0 6,691
Visa Inc Class A COM 92826C839 326 1,879 SH   SOLE   0 0 1,879
Voya Asia Pacific High Dividend Eq Inc COM 92912J102 1,552 168,184 SH   SOLE   0 0 168,184
Voya Financial Inc COM 929089100 2,712 49,035 SH   SOLE   0 0 49,035
Walt Disney Co COM 254687106 419 3,000 SH   DFND   3,000 0 0
Walt Disney Co COM 254687106 950 6,801 SH   SOLE   0 0 6,801
Western Asset Glb Corp Def Opp Common COM 95790C107 4,462 260,154 SH   SOLE   0 0 260,154
Western Asset High Income Opp COM 95766K109 4,815 938,632 SH   SOLE   0 0 938,632
Williams Companies Inc COM 969457100 1,380 49,231 SH   SOLE   0 0 49,231
Wp Carey Inc COM 92936U109 363 4,470 SH   DFND   4,470 0 0
Wpx Energy Inc COM 98212B103 264 22,944 SH   SOLE   0 0 22,944