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 3,058 17,335 SH   SOLE   0 0 17,335
Alexandria Real COM 015271109 299 1,850 SH   DFND   1,850 0 0
Allegiance Bancshares Inc COM 01748H107 201 5,334 SH   SOLE   0 0 5,334
Allstate Corp COM 020002101 2,532 22,520 SH   SOLE   0 0 22,520
American Tower-A ADR 03027X100 575 2,500 SH   DFND   2,500 0 0
Amgen Inc COM 031162100 4,265 17,693 SH   SOLE   0 0 17,693
Apple Inc COM 037833100 318 1,084 SH   SOLE   0 0 1,084
Apple Inc COM 037833100 318 1,084 SH   DFND   1,084 0 0
Artesian Resource Corp COM 043113208 3,148 84,611 SH   SOLE   0 0 84,611
Astrazeneca-Adr ADR 046353108 399 8,000 SH   DFND   8,000 0 0
At&T Inc COM 00206R102 261 6,685 SH   SOLE   0 0 6,685
Automatic Data Processing COM 053015103 256 1,500 SH   SOLE   0 0 1,500
Avalonbay Commun COM 053484101 273 1,300 SH   DFND   1,300 0 0
Bank Of America Corporation COM 060505104 634 17,988 SH   SOLE   0 0 17,988
Beasley Broadcast Grp Inc ADR 074014101 68 22,000 SH   DFND   22,000 0 0
Blackrock Intern L Grth & Inc Common COM 092524107 3,313 562,525 SH   SOLE   0 0 562,525
Blackrock Muniyield Qty Iii COM 09254E103 1,157 85,736 SH   SOLE   0 0 85,736
Bp Plc-Adr ADR 055622104 521 13,816 SH   DFND   13,816 0 0
Cabot Microelectronics Corp COM 12709P103 1,322 9,160 SH   SOLE   0 0 9,160
Chase Corp COM 16150R104 6,295 53,135 SH   SOLE   0 0 53,135
Chevron Corp COM 166764100 301 2,500 SH   DFND   2,500 0 0
Cimarex Energy Co COM 171798101 1,751 33,363 SH   SOLE   0 0 33,363
Coca-Cola Co COM 191216100 202 3,641 SH   SOLE   0 0 3,641
Commercial Metals Co COM 201723103 281 12,627 SH   SOLE   0 0 12,627
Compania Cervecerias -Adr ADR 204429104 273 14,401 SH   DFND   14,401 0 0
Consumer Discret Sel Sect Spdr(R) Etf COM 81369Y407 5,157 41,115 SH   SOLE   0 0 41,115
Consumer Staples Select Sector Spdr(R) Etf COM 81369Y308 3,933 62,450 SH   SOLE   0 0 62,450
Covanta Holding Corp COM 22282E102 2,286 154,014 SH   SOLE   0 0 154,014
Crown Castle Int COM 22822V101 284 2,000 SH   DFND   2,000 0 0
Csx Corp COM 126408103 4,608 63,680 SH   SOLE   0 0 63,680
Cvs Health Corp COM 126650100 1,614 21,732 SH   SOLE   0 0 21,732
Cyrusone, Inc. COM 23283R100 340 5,200 SH   DFND   5,200 0 0
Dentsply Sirona Inc COM 24906P109 283 5,000 SH   DFND   5,000 0 0
Diageo Plc-Adr ADR 25243Q205 472 2,800 SH   DFND   2,800 0 0
Digital Realty COM 253868103 256 2,141 SH   DFND   2,141 0 0
Dr Horton Inc COM 23331A109 264 5,000 SH   DFND   5,000 0 0
Duke Energy Corporation COM 26441C204 206 2,254 SH   SOLE   0 0 2,254
Electronic Arts COM 285512109 215 2,000 SH   DFND   2,000 0 0
Energy Select Sector Spdr(R) Etf COM 81369Y506 2,260 37,647 SH   SOLE   0 0 37,647
Enterprise Products Partners Lp COM 293792107 1,915 67,990 SH   SOLE   0 0 67,990
Essex Property COM 297178105 271 900 SH   DFND   900 0 0
Everest Re Group Ltd COM G3223R108 3,356 12,124 SH   SOLE   0 0 12,124
Extra Space Stor COM 30225T102 264 2,500 SH   DFND   2,500 0 0
Exxon Mobil Corporation COM 30231G102 1,899 27,216 SH   SOLE   0 0 27,216
Foundation Building COM 350392106 194 10,000 SH   DFND   10,000 0 0
Fs Bancorp Inc COM 30263Y104 302 4,731 SH   DFND   4,731 0 0
Galapagos Nv COM 36315X101 310 1,500 SH   DFND   1,500 0 0
Glaxosmithkl-Adr ADR 37733W105 399 8,500 SH   DFND   8,500 0 0
Global Self Storage Inc COM 37955N106 112 26,000 SH   DFND   26,000 0 0
Gold Fields Adr ADR 38059T106 66 10,000 SH   DFND   10,000 0 0
Goldman Sachs Activebeta(R) Intl Eq Etf COM 381430107 8,246 272,598 SH   SOLE   0 0 272,598
Goldman Sachs Activebeta(R) Us Lgcp Eq Etf COM 381430503 4,250 65,724 SH   SOLE   0 0 65,724
Granite Point Mortgage COM 38741L107 221 12,000 SH   DFND   12,000 0 0
Group 1 Automoti COM 398905109 400 4,000 SH   DFND   4,000 0 0
Grupo Aeroportuario - Adr ADR 40051E202 244 1,300 SH   DFND   1,300 0 0
Grupo Televisa - Adr ADR 40049J206 176 15,000 SH   DFND   15,000 0 0
Hannon Armstrong COM 41068X100 245 7,600 SH   DFND   7,600 0 0
Hdfc Bank Ltd - Adr ADR 40415F101 507 8,000 SH   DFND   8,000 0 0
Ing Groep-Adr ADR 456837103 121 10,000 SH   DFND   10,000 0 0
Ingles Markets Inc COM 457030104 4,096 86,211 SH   SOLE   0 0 86,211
Inseego Corp COM 45782B104 88 12,000 SH   SOLE   0 0 12,000
Intel Corp COM 458140100 209 3,500 SH   DFND   3,500 0 0
Intercontinental Hotels ADR 45857P806 282 4,103 SH   DFND   4,103 0 0
Invesco Bulletshares 2023 Corp Bd Etf COM 46138J866 2,513 117,945 SH   SOLE   0 0 117,945
Invesco Bulletshares 2023 Hy Corp Bd Etf COM 46138J858 3,566 136,426 SH   SOLE   0 0 136,426
Invesco Bulletshares 2024 Corp Bd Etf COM 46138J841 3,741 174,252 SH   SOLE   0 0 174,252
Invesco Bulletshares 2025 Corp Bd Etf COM 46138J825 4,635 215,877 SH   SOLE   0 0 215,877
Invesco Muni Opps. Trust Common COM 46132C107 1,106 89,445 SH   SOLE   0 0 89,445
Invesco S&P 500(R) Eq Weight Hc Etf COM 46137V332 4,434 20,019 SH   SOLE   0 0 20,019
Invesco S&P 500(R) Equal Weight Etf COM 46137V357 4,513 38,999 SH   SOLE   0 0 38,999
Invesco S&P Global Water Index Etf COM 46138E263 2,359 57,356 SH   SOLE   0 0 57,356
Iron Mountain Inc. COM 46284V101 229 7,200 SH   DFND   7,200 0 0
Ishares 0-5 Year High Yield Corp Bd COM 46434V407 236 5,075 SH   SOLE   0 0 5,075
Ishares Cali Amt-Free Muni Bond COM 464288356 591 9,646 SH   SOLE   0 0 9,646
Ishares Cohen & Steers Reit COM 464287564 2,843 24,299 SH   SOLE   0 0 24,299
Ishares Core S&P Mid-Cap COM 464287507 4,291 20,848 SH   SOLE   0 0 20,848
Ishares Core Us Aggregate Bond COM 464287226 1,674 14,894 SH   SOLE   0 0 14,894
Ishares Floating Rate Bond COM 46429B655 6,362 124,945 SH   SOLE   0 0 124,945
Ishares Global Healthcare COM 464287325 3,954 57,505 SH   SOLE   0 0 57,505
Ishares Global Tech Etf COM 464287291 2,487 11,816 SH   SOLE   0 0 11,816
Ishares Iboxx $ Invst Grade Crp Bond COM 464287242 1,800 14,071 SH   SOLE   0 0 14,071
Ishares Mbs COM 464288588 1,624 15,024 SH   SOLE   0 0 15,024
Ishares Msci Eafe COM 464287465 991 14,278 SH   SOLE   0 0 14,278
Ishares Msci Eafe Small-Cap COM 464288273 4,188 67,246 SH   SOLE   0 0 67,246
Ishares Msci Usa Minimum Volatility COM 46429B697 204 3,107 SH   SOLE   0 0 3,107
Ishares National Amt-Free Muni Bond COM 464288414 1,456 12,778 SH   SOLE   0 0 12,778
Ishares Russell 1000 COM 464287622 4,773 26,754 SH   SOLE   0 0 26,754
Ishares Russell 1000 Growth COM 464287614 217 1,235 SH   SOLE   0 0 1,235
Ishares Russell 2000 COM 464287655 1,673 10,101 SH   SOLE   0 0 10,101
Ishares Russell Mid-Cap COM 464287499 3,235 54,256 SH   SOLE   0 0 54,256
Ishares Select Dividend COM 464287168 3,657 34,607 SH   SOLE   0 0 34,607
Ishares Short-Term National Muni Bond COM 464288158 785 7,355 SH   SOLE   0 0 7,355
Ishares Us Energy COM 464287796 257 8,015 SH   SOLE   0 0 8,015
James Hardie Ind Plc Adr ADR 47030M106 491 25,000 SH   DFND   25,000 0 0
Jh Financial Opportunities Common COM 409735206 3,563 98,147 SH   SOLE   0 0 98,147
Jhancock Multifactor Large Cap Etf COM 47804J107 1,349 32,716 SH   SOLE   0 0 32,716
Johnson & Johnson COM 478160104 2,667 18,280 SH   SOLE   0 0 18,280
Jpmorgan Chase COM 46625H100 293 2,100 SH   DFND   2,100 0 0
Jpmorgan Ultra-Short Income Etf COM 46641Q837 1,562 30,981 SH   SOLE   0 0 30,981
Kvh Industries COM 482738101 334 30,000 SH   DFND   30,000 0 0
Lennar Corp-A COM 526057104 223 4,000 SH   DFND   4,000 0 0
Lennox Intl Inc COM 526107107 415 1,700 SH   DFND   1,700 0 0
Lowe S Companies Inc COM 548661107 2,366 19,758 SH   SOLE   0 0 19,758
Lowe'S Cos Inc COM 548661107 311 2,600 SH   DFND   2,600 0 0
Metlife Inc COM 59156R108 1,740 34,144 SH   SOLE   0 0 34,144
Microsoft Corp COM 594918104 388 2,463 SH   SOLE   0 0 2,463
Microsoft Corp COM 594918104 237 1,500 SH   DFND   1,500 0 0
Miller Ind Inc/Tenn COM 600551204 668 18,000 SH   DFND   18,000 0 0
National Retail COM 637417106 214 4,000 SH   DFND   4,000 0 0
National Western Life Insurance COM 638517102 3,098 10,650 SH   SOLE   0 0 10,650
Netapp Inc COM 64110D104 560 9,000 SH   DFND   9,000 0 0
Nice Systems-Adr ADR 653656108 621 4,000 SH   DFND   4,000 0 0
Norfolk Southern COM 655844108 582 3,000 SH   DFND   3,000 0 0
Northwest Natural Hldg Co COM 66765N105 221 3,000 SH   DFND   3,000 0 0
Novartis Ag COM 66987V109 2,172 22,934 SH   SOLE   0 0 22,934
Nuveen Intermediate Duration Muni Term COM 670671106 1,848 132,842 SH   SOLE   0 0 132,842
Nxp Semiconductors Nv COM N6596X109 1,610 12,655 SH   SOLE   0 0 12,655
Old Republic International Corp COM 680223104 1,493 66,723 SH   SOLE   0 0 66,723
Pearson Plc COM 705015105 169 20,000 SH   DFND   20,000 0 0
Phillips 66 Com COM 718546104 1,771 15,899 SH   SOLE   0 0 15,899
Pimco Enhanced Short Maturity Etf COM 72201R833 1,721 16,940 SH   SOLE   0 0 16,940
Powershrs Bulletshares 2020 Corp Etf COM 46138J502 6,474 304,065 SH   SOLE   0 0 304,065
Powershrs Bulletshares 2020 Hy Corp Etf COM 46138J601 825 34,476 SH   SOLE   0 0 34,476
Powershrs Bulletshares 2021 Corp Etf COM 46138J700 6,198 291,786 SH   SOLE   0 0 291,786
Powershrs Bulletshares 2022 Corp Etf COM 46138J882 3,910 181,803 SH   SOLE   0 0 181,803
Powershrs Bulletshares 2022 Hy Corp Etf COM 46138J874 4,389 179,499 SH   SOLE   0 0 179,499
Procter & Gamble COM 742718109 437 3,500 SH   DFND   3,500 0 0
Qualcomm Inc COM 747525103 471 5,340 SH   SOLE   0 0 5,340
Redwood Trust COM 758075402 251 15,192 SH   DFND   15,192 0 0
Regions Financial Corp COM 7591EP100 309 18,000 SH   DFND   18,000 0 0
Rgc Resources COM 74955L103 933 32,628 SH   SOLE   0 0 32,628
Royce Micro Cap Trust Common COM 780915104 2,870 336,067 SH   SOLE   0 0 336,067
Royce Value Trust Common COM 780910105 175 11,873 SH   SOLE   0 0 11,873
Ryman Hospitality Prop COM 78377T107 262 3,024 SH   DFND   3,024 0 0
Sba Communications Corp COM 78410G104 482 2,000 SH   DFND   2,000 0 0
Schwab Emerging Markets Equity EtfA(TM) COM 808524706 344 12,574 SH   SOLE   0 0 12,574
Schwab Fundamental Us Large Company Etf COM 808524771 2,983 69,882 SH   SOLE   0 0 69,882
Schwab International Equity Etf COM 808524805 1,452 43,169 SH   SOLE   0 0 43,169
Schwab Us Aggregate Bond Etf COM 808524839 1,568 29,348 SH   SOLE   0 0 29,348
Schwab Us Mid-Cap Etf COM 808524508 1,744 28,989 SH   SOLE   0 0 28,989
Schwab Us Small-Cap Etf COM 808524607 1,675 22,143 SH   SOLE   0 0 22,143
Skyworks Solutio COM 83088M102 484 4,000 SH   DFND   4,000 0 0
Sony Corp Adr ADR 835699307 272 4,000 SH   DFND   4,000 0 0
Sony Corp Adr ADR 835699307 340 5,000 SH   DFND   5,000 0 0
Spdr(R) Blmbg Barclays St Corp Bd Etf COM 78464A474 1,649 53,482 SH   SOLE   0 0 53,482
Spdr(R) S&P 500 Etf COM 78462F103 403 1,253 SH   SOLE   0 0 1,253
Spdr(R) S&P Midcap 400 Etf COM 78467Y107 518 1,380 SH   SOLE   0 0 1,380
Store Capital COM 862121100 283 7,600 SH   DFND   7,600 0 0
Stryker Corporation COM 863667101 3,298 15,711 SH   SOLE   0 0 15,711
Summit Materials, Inc. COM 86614U100 204 8,535 SH   DFND   8,535 0 0
Tecnoglass Inc COM G87264100 211 25,634 SH   DFND   25,634 0 0
Templeton Emerging Markets COM 880191101 2,286 146,651 SH   SOLE   0 0 146,651
Thermo Fisher COM 883556102 650 2,000 SH   DFND   2,000 0 0
Tyson Foods Inc COM 902494103 1,923 21,120 SH   SOLE   0 0 21,120
Udr Inc COM 902653104 465 9,951 SH   SOLE   0 0 9,951
Unilever Nv-Nys COM 904784709 517 9,000 SH   DFND   9,000 0 0
Valmont Industries Inc COM 920253101 3,566 23,808 SH   SOLE   0 0 23,808
Vanguard Ftse Developed Markets Etf COM 921943858 9,668 219,425 SH   SOLE   0 0 219,425
Vanguard Ftse Emerging Markets Etf COM 922042858 1,474 33,142 SH   SOLE   0 0 33,142
Vanguard High Dividend Yield Etf COM 921946406 1,413 15,084 SH   SOLE   0 0 15,084
Vanguard Information Technology Etf COM 92204A702 10,607 43,322 SH   SOLE   0 0 43,322
Vanguard S&P 500 Etf COM 922908363 358 1,210 SH   SOLE   0 0 1,210
Vanguard Short-Term Corporate Bond Etf COM 92206C409 2,575 31,777 SH   SOLE   0 0 31,777
Verizon Communications Inc COM 92343V104 230 3,745 SH   SOLE   0 0 3,745
Voya Asia Pacific High Dividend Eq Inc COM 92912J102 1,480 174,090 SH   SOLE   0 0 174,090
Voya Financial Inc COM 929089100 2,979 48,856 SH   SOLE   0 0 48,856
Walt Disney Co COM 254687106 878 6,073 SH   SOLE   0 0 6,073
Walt Disney Co COM 254687106 434 3,000 SH   DFND   3,000 0 0
Wells Fargo & Co COM 949746101 224 4,161 SH   DFND   4,161 0 0
Western Asset Glb Corp Def Opp Common COM 95790C107 4,677 256,538 SH   SOLE   0 0 256,538
Western Asset High Income Opp COM 95766K109 4,884 963,300 SH   SOLE   0 0 963,300
Williams Companies Inc COM 969457100 1,165 49,110 SH   SOLE   0 0 49,110
Wp Carey Inc COM 92936U109 358 4,470 SH   DFND   4,470 0 0
Wpx Energy Inc COM 98212B103 315 22,944 SH   SOLE   0 0 22,944