0001278249-12-000008.txt : 20121101 0001278249-12-000008.hdr.sgml : 20121101 20121101105054 ACCESSION NUMBER: 0001278249-12-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121101 DATE AS OF CHANGE: 20121101 EFFECTIVENESS DATE: 20121101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWER BRIDGE ADVISORS CENTRAL INDEX KEY: 0001278249 IRS NUMBER: 233096014 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10708 FILM NUMBER: 121172539 BUSINESS ADDRESS: STREET 1: 200 BARR HARBOR DRIVE CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6102602200 MAIL ADDRESS: STREET 1: 4 TOWER BRIDGE 200 BARR HARBOR DRIVE STREET 2: STE 222 CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 sec13f09302012final.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entires. Institutional Investment Manager Filing this Report: Name: Tower Bridge Advisors Address: 101 West Elm Street Suite 355 Conshohocken, PA 19428 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey Kachel Title: Chief Financial Officer Phone: 610-260-2205 Signature, Place, and Date of Signing: Jeffrey Kachel, Conshohocken, PA November 1, 2012 Report Type (Check only one): [X] 13F HOLDING REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers 0 Form 13f Information Table Entry Total: 190 Form 13f Information Table Value Total: $576,882,005 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F

AS OF DATE: 09/30/12 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8) INVESTMENT VOTING AUTHORITY DISCRETION (SHARES) ----------------- --------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C) ---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------ 3M CO. COMMON 88579Y101 10,989,108 118,904 X X 95,284 0 23,620 A T & T INC (NEW) COMMON 00206R102 12,835,757 340,471 X X 268,174 0 72,297 ABBOTT LABS COMMON 002824100 4,241,876 61,871 X X 46,836 0 15,035 ACCENTURE PLC COMMON G1151C101 3,669,992 52,406 X X 24,680 0 27,726 AIR PRODS & CHEMS INC COMMON 009158106 3,580,497 43,295 X X 37,695 0 5,600 ALCOA INC COMMON 013817101 121,579 13,730 X 13,480 0 250 ALLETE INC NEW COMMON 018522300 312,883 7,496 X X 7,396 0 100 ALTRIA GROUP INC COMMON 02209S103 720,022 21,564 X X 12,106 0 9,458 AMAZON COM INC COMMON 023135106 333,159 1,310 X 1,310 0 0 AMERICAN EXPRESS CO. COMMON 025816109 1,061,292 18,665 X X 10,490 0 8,175 AMGEN INC COMMON 031162100 1,544,024 18,318 X 15,050 0 3,268 ANADARKO PETROLEUM COMMON 032511107 1,163,469 16,640 X X 12,105 0 4,535 APACHE CORP COMMON 037411105 564,217 6,525 X 5,040 0 1,485 APHTON CORP COMMON 03759P101 15 15,000 X 0 0 15,000 APPLE INC COMMON 037833100 10,862,471 16,283 X X 13,963 0 2,320 AQUA AMERICA INC COMMON 03836W103 753,670 30,439 X 24,760 0 5,679 AUTOMATIC DATA PROCES COMMON 053015103 4,829,898 82,337 X X 63,362 0 18,975 BANK OF AMERICA CORP COMMON 060505104 220,194 24,937 X X 23,315 0 1,622 BAXTER INTERNATIONAL COMMON 071813109 1,006,630 16,702 X 16,702 0 0 BB&T CORP COMMON 054937107 824,954 24,878 X 20,000 0 4,878 BECTON DICKINSON & CO COMMON 075887109 9,711,078 123,614 X X 85,159 0 38,455 BERKSHIRE HATHAWAY IN COMMON 084670702 1,860,226 21,091 X 20,191 0 900 BERKSHIRE HATHAWAY IN COMMON 084670108 796,200 6 X 6 0 0 BLACKROCK NATL MUN FD MUTUAL 09253C744 114,865 10,320 X 10,320 0 0 BOARDWALK PIPELINE PA COMMON 096627104 1,143,900 41,000 X X 23,850 0 17,150 BOEING CO. COMMON 097023105 332,038 4,771 X 4,411 0 360 BP PLC ADR COMMON 055622104 1,085,178 25,618 X 25,618 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 8,507,363 252,070 X X 179,910 0 72,160 BRYN MAWR BANK CORP COMMON 117665109 673,200 30,000 X 25,000 0 5,000 CAMPBELL SOUP CO COMMON 134429109 612,832 17,600 X 17,600 0 0 CATERPILLAR INC COMMON 149123101 2,280,920 26,510 X X 16,900 0 9,610 CENOVUS ENERGY INC CO COMMON 15135U109 2,393,150 68,670 X 32,320 0 36,350 CHEVRON CORP COMMON 166764100 10,722,471 91,991 X X 73,821 0 18,170 CHUBB CORP COMMON 171232101 381,400 5,000 X X 2,300 0 2,700 CISCO SYSTEMS INC COMMON 17275R102 819,653 42,925 X X 33,725 0 9,200 COACH INC COM COMMON 189754104 5,159,834 92,107 X 66,397 0 25,710 COCA COLA CO. COMMON 191216100 2,011,504 53,032 X 48,408 0 4,624 COGNIZANT TECHNOLOGY COMMON 192446102 5,544,933 79,338 X X 61,077 0 18,261 COLGATE PALMOLIVE CO COMMON 194162103 5,487,207 51,177 X X 25,733 0 25,444 COMCAST CORP NEW A SP COMMON 20030N200 236,221 6,786 X 6,786 0 0 COMERICA INC COMMON 200340107 5,022,369 161,751 X X 118,151 0 43,600 CONOCOPHILLIPS COMMON 20825C104 2,157,173 37,726 X 32,503 0 5,223 CONSOLIDATED EDISON I COMMON 209115104 613,094 10,237 X X 6,281 0 3,956 CORNING INC COMMON 219350105 537,151 40,848 X 40,848 0 0 COSTCO WHOLESALE COMMON 22160K105 703,624 7,025 X X 4,250 0 2,775 CVS CORP COMMON 126650100 8,476,986 175,072 X X 106,385 0 68,687 DANAHER CORP SHS BEN COMMON 235851102 4,540,113 82,323 X X 66,607 0 15,716 DEERE & CO. COMMON 244199105 214,422 2,600 X 2,600 0 0 DENTSPLY INTL INC NEW COMMON 249030107 1,541,276 40,411 X 9,486 0 30,925 DEVON ENERGY CORP NEW COMMON 25179M103 4,923,309 81,377 X X 69,252 0 12,125 DIAGEO PLC ADR SPONSO COMMON 25243Q205 11,210,886 99,449 X X 73,699 0 25,750 DIGITAL RLTY TR INC C COMMON 253868103 5,646,674 80,840 X X 48,965 0 31,875 DISCOVERY COMMUNICATI COMMON 25470F104 438,060 7,350 X X 5,400 0 1,950 DISNEY WALT COMPANY COMMON 254687106 1,483,654 28,379 X X 25,979 0 2,400 DODGE & COX INCOME FD MUTUAL 256210105 233,364 16,874 X 16,874 0 0 DOMINION RES INC VA N COMMON 25746U109 1,713,033 32,358 X X 27,658 0 4,700 DU PONT E I DE NEMOUR COMMON 263534109 8,256,345 164,240 X X 133,340 0 30,900 DUKE ENERGY CORPORATI COMMON 26441C204 830,057 12,811 X X 10,869 0 1,942 E M C CORP MASS COMMON 268648102 6,731,327 246,840 X X 179,165 0 67,675 EATON VANCE NATL MUNS MUTUAL 27826L249 114,247 11,201 X 11,201 0 0 ECHO THERAPEUTICS INC COMMON 27876L107 42,390 27,000 X 0 0 27,000 ECOLAB INC COMMON 278865100 465,336 7,180 X 7,180 0 0 EMERSON ELECTRIC CO COMMON 291011104 8,959,443 185,611 X X 141,027 0 44,584 ENSCO PLC SHS CLASS A COMMON G3157S106 310,992 5,700 X 5,700 0 0 ENTERPRISE PRODS PART COMMON 293792107 4,834,941 90,204 X X 39,111 0 51,093 EOG RESOURCES INC COMMON 26875P101 1,483,206 13,237 X 9,877 0 3,360 EQT CORP COM COMMON 26884L109 457,250 7,750 X 2,350 0 5,400 EXELON CORP COMMON 30161N101 231,377 6,503 X 1,699 0 4,804 EXXON MOBIL COMMON 30231G102 30,343,358 331,803 X X 258,152 0 73,651 FEDEX CORP COMMON 31428X106 5,056,130 59,751 X X 40,311 0 19,440 FIDELITY ADVISOR SER MUTUAL 315807552 101,337 10,205 X 0 0 10,205 FLUOR CORP NEW COM COMMON 343412102 2,204,769 39,175 X X 16,625 0 22,550 FRANKLIN RESOURCES IN COMMON 354613101 689,136 5,510 X 3,595 0 1,915 FULTON FINL CORP PA COMMON 360271100 237,385 24,100 X 24,100 0 0 GENERAL ELECTRIC CO COMMON 369604103 12,913,065 568,607 X X 452,535 0 116,072 GENERAL MILLS INC COMMON 370334104 1,358,885 34,100 X 29,200 0 4,900 GENESEE & WYO INC CL COMMON 371559105 401,026 5,998 X 0 0 5,998 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,505,852 32,566 X X 27,160 0 5,406 GOLDMAN SACHS GROUP I COMMON 38141G104 477,456 4,200 X X 3,300 0 900 GOLDMAN SACHS GROUP I PREFERR 38143Y665 4,263,392 214,655 X X 178,930 0 35,725 GOLDMAN SACHS GROUP I PREFERR 38144G804 796,068 37,800 X 15,300 0 22,500 GOOGLE INC CL A COMMON 38259P508 13,472,352 17,856 X X 13,324 0 4,532 HALLIBURTON CO. COMMON 406216101 752,972 22,350 X X 19,050 0 3,300 HCP INC COMMON 40414L109 359,132 8,074 X X 3,088 0 4,986 HEINZ H J CO. COMMON 423074103 640,628 11,450 X X 8,050 0 3,400 HERSHEY FOODS CORP COMMON 427866108 821,261 11,585 X 5,185 0 6,400 HESS CORP COM COMMON 42809H107 816,813 15,205 X X 11,260 0 3,945 HOME DEPOT INC COMMON 437076102 1,567,628 25,967 X X 23,142 0 2,825 HONEYWELL INTL INC COMMON 438516106 232,547 3,892 X 2,392 0 1,500 HUDSON CITY BANCORP C COMMON 443683107 116,792 14,700 X 14,700 0 0 ILLINOIS TOOL WORKS I COMMON 452308109 2,505,947 42,138 X X 34,321 0 7,817 INGREDION INC COM COMMON 457187102 210,049 3,808 X 0 0 3,808 INT'L BUSINESS MACHIN COMMON 459200101 15,134,930 72,957 X X 53,217 0 19,740 INTEL CORP COMMON 458140100 2,178,120 96,143 X X 77,363 0 18,780 INTERCONTINENTAL EXCH COMMON 45865V100 6,036,536 45,248 X X 35,283 0 9,965 ISHARES TR S&P 500 IN MUTUAL 464287200 208,225 1,442 X 1,442 0 0 ISHARES TR S&P MIDCAP MUTUAL 464287507 237,227 2,404 X 2,404 0 0 J P MORGAN CHASE & CO COMMON 46625H100 8,401,503 207,547 X X 163,999 0 43,548 JOHNSON CONTROLS INC COMMON 478366107 8,583,625 313,271 X X 242,221 0 71,050 JOHNSON & JOHNSON COMMON 478160104 13,819,857 200,549 X X 166,418 0 34,131 JPMORGAN CHASE & CO PREFERR 46625H621 1,746,350 65,900 X 38,200 0 27,700 KBR INC COM COMMON 48242W106 977,798 32,790 X 16,870 0 15,920 KELLOGG CO. COMMON 487836108 560,304 10,846 X X 2,650 0 8,196 KEYCORP NEW COMMON 493267108 7,464,362 854,046 X X 607,196 0 246,850 KIMBERLY CLARK CORP COMMON 494368103 2,394,549 27,915 X 27,915 0 0 KINDER MORGAN EGY PTN COMMON 494550106 4,321,515 52,382 X X 27,349 0 25,033 KRAFT FOODS INC CL A COMMON 50075N104 696,770 16,851 X X 14,014 0 2,837 LOWE'S COS INC COMMON 548661107 1,972,404 65,225 X X 54,225 0 11,000 L-3 COMMUNICATIONS HO COMMON 502424104 448,188 6,250 X X 2,550 0 3,700 MAGELLAN MIDSTREAM PA COMMON 559080106 568,490 13,000 X 7,800 0 5,200 MAIRS & PWR FDS TR CO MUTUAL 56064V205 289,494 3,485 X 3,485 0 0 MCDONALD'S CORP COMMON 580135101 8,153,639 88,868 X X 68,968 0 19,900 MEDTRONIC INC COMMON 585055106 759,386 17,611 X 16,311 0 1,300 MERCK & COMPANY COMMON 58933Y105 2,724,550 60,418 X X 46,895 0 13,523 METLIFE INC PFD A FLT PREFERR 59156R504 4,788,253 192,145 X X 137,370 0 54,775 MICROSOFT CORP COMMON 594918104 5,429,386 182,439 X X 128,698 0 53,741 NATIONAL OILWELL VARC COMMON 637071101 358,893 4,480 X 4,480 0 0 NESTLE S A REG ADR COMMON 641069406 453,363 7,185 X 7,185 0 0 NETAPP INC COM COMMON 64110D104 2,165,641 65,865 X X 47,950 0 17,915 NEUBERGER BERMAN INCO MUTUAL 64128K868 214,044 22,650 X 22,650 0 0 NEXTERA ENERGY INC CO COMMON 65339F101 1,290,556 18,350 X 17,000 0 1,350 NIKE INC CL B COMMON 654106103 6,203,413 65,361 X X 48,866 0 16,495 NOBLE CORPORATION COMMON H5833N103 3,621,186 101,207 X 85,002 0 16,205 NOBLE ENERGY COMMON 655044105 1,256,221 13,550 X X 8,150 0 5,400 NORFOLK SOUTHERN CORP COMMON 655844108 1,990,919 31,289 X X 26,639 0 4,650 NOVARTIS AG SPONSORED COMMON 66987V109 9,648,144 157,495 X X 110,205 0 47,290 OMNICOM GROUP COMMON 681919106 344,936 6,690 X 4,940 0 1,750 ONEOK INC NEW COM COMMON 682680103 333,339 6,900 X 2,000 0 4,900 ORACLE SYS CORP COMMON 68389X105 1,786,928 56,800 X X 45,050 0 11,750 PENTAIR INC COMMON 709631105 257,045 5,775 X 2,375 0 3,400 PEPSICO INC COMMON 713448108 11,742,583 165,926 X X 119,731 0 46,195 PFIZER INC COMMON 717081103 5,648,107 227,288 X X 204,040 0 23,248 PHILIP MORRIS INTL IN COMMON 718172109 3,406,815 37,879 X X 30,078 0 7,801 PHILLIPS 66 COM COMMON 718546104 816,529 17,609 X 15,073 0 2,536 PIEDMONT NAT GAS INC COMMON 720186105 503,440 15,500 X 8,000 0 7,500 PIMCO FDS PAC INVT MG MUTUAL 693390304 523,347 49,094 X 49,094 0 0 PIMCO TOTAL RET FDS MUTUAL 693390429 162,495 14,032 X 14,032 0 0 PIONEER NATURAL RES C COMMON 723787107 238,658 2,286 X 1,000 0 1,286 PLUM CREEK TIMBER CO. COMMON 729251108 356,814 8,139 X 7,239 0 900 PNC FINANCIAL CORP COMMON 693475105 495,777 7,857 X 6,005 0 1,852 PPG INDUSTRIES INC COMMON 693506107 1,624,527 14,146 X X 13,509 0 637 PPL CORP COMMON 69351T106 436,360 15,021 X 11,171 0 3,850 PRAXAIR INC COMMON 74005P104 5,639,645 54,290 X X 43,915 0 10,375 PROCTER & GAMBLE CO COMMON 742718109 9,159,196 132,053 X X 114,864 0 17,189 QNB CORP COMMON 74726N107 483,880 19,394 X 18,424 0 970 QUALCOMM INC COMMON 747525103 11,939,954 191,131 X X 128,156 0 62,975 RANGE RES CORP COM COMMON 75281A109 1,861,127 26,637 X 12,149 0 14,488 RAYMOND JAMES FINANCI COMMON 754730109 2,515,106 68,625 X X 32,275 0 36,350 RAYONIER INC COM COMMON 754907103 301,412 6,150 X 6,150 0 0 RIDGEWORTH FDS INTERM MUTUAL 76628T702 1,653,771 155,284 X 155,284 0 0 RIDGEWORTH FDS INV GR MUTUAL 76628T843 1,240,539 96,615 X 96,615 0 0 RIDGEWORTH FDS SEIX F MUTUAL 76628T678 697,435 78,100 X 78,100 0 0 RIVERBED TECHNOLOGY I COMMON 768573107 2,531,374 108,736 X X 64,636 0 44,100 ROCHE HLDG LTD ADR COMMON 771195104 5,911,978 126,490 X 95,635 0 30,855 ROYAL DUTCH SHELL PLC COMMON 780259206 1,091,611 15,727 X X 14,227 0 1,500 SCHLUMBERGER LTD COMMON 806857108 11,915,138 164,733 X X 122,053 0 42,680 SIMON PPTY GROUP INC COMMON 828806109 349,163 2,300 X 2,300 0 0 SPECTRA ENERGY CORP COMMON 847560109 4,605,204 156,853 X X 70,205 0 86,648 STARWOOD HOTELS & RES COMMON 85590A401 369,495 6,375 X 5,925 0 450 STATE STREET CORP COMMON 857477103 9,225,787 219,871 X X 155,551 0 64,320 SYSCO CORP COMMON 871829107 675,276 21,595 X 18,095 0 3,500 T ROWE PRICE GROUP IN COMMON 74144T108 6,204,096 98,011 X X 68,546 0 29,465 TELEFONICA S A ADR COMMON 879382208 198,563 14,952 X X 1,200 0 13,752 TEVA PHARMACEUTICAL COMMON 881624209 8,032,008 193,963 X X 132,121 0 61,842 TEXAS INSTRUMENTS INC COMMON 882508104 700,448 25,420 X 25,420 0 0 THERMO FISHER SCIENTI COMMON 883556102 1,220,958 20,754 X 20,754 0 0 TOMPKINS FINANCIAL CO COMMON 890110109 1,139,382 28,119 X 28,119 0 0 TRACTOR SUPPLY CO COMMON 892356106 437,588 4,425 X 625 0 3,800 UNILEVER N V COMMON 904784709 352,778 9,943 X 4,000 0 5,943 UNILEVER PLC SPON ADR COMMON 904767704 9,174,189 251,210 X X 172,620 0 78,590 UNION PACIFIC CORP COMMON 907818108 873,632 7,360 X X 1,996 0 5,364 UNITED TECHNOLOGIES C COMMON 913017109 6,857,265 87,588 X X 70,903 0 16,685 UNIVEST CORP PA COMMON 915271100 468,990 26,055 X 26,055 0 0 VANGUARD FIXED INCOME MUTUAL 922031760 212,284 35,263 X 35,263 0 0 VANGUARD INDEX FDS LA MUTUAL 922908637 702,883 10,700 X 10,700 0 0 VANGUARD INDEX FDS SM MUTUAL 922908751 605,698 7,558 X 7,558 0 0 VANGUARD INDEX TR MID MUTUAL 922908629 1,143,140 14,085 X 12,885 0 1,200 VANGUARD MUN BD FD IN MUTUAL 922907886 749,115 66,885 X 66,885 0 0 VANGUARD SHORT-TERM T MUTUAL 922907100 252,686 15,852 X 15,852 0 0 VERIZON COMMUNICATION COMMON 92343V104 2,390,877 52,466 X X 44,830 0 7,636 VERTEX PHARMACEUTICAL COMMON 92532F100 257,094 4,600 X 4,600 0 0 VISA INC COM CL A COMMON 92826C839 9,936,317 73,997 X X 47,082 0 26,915 VODAFONE GROUP PLC AD COMMON 92857W209 339,065 11,897 X 10,597 0 1,300 WAL MART STORES INC COMMON 931142103 547,965 7,425 X 7,425 0 0 WELLS FARGO & CO NEW COMMON 949746101 1,192,183 34,526 X X 22,026 0 12,500 WELLS FARGO & CO NEW PREFERR 949746879 243,704 8,200 X 6,200 0 2,000 WHIRLPOOL CORP COMMON 963320106 9,874,084 119,094 X X 89,829 0 29,265 WILLIS GROUP HOLDINGS COMMON G96666105 465,192 12,600 X X 10,000 0 2,600 XILINX INC COM COMMON 983919101 217,165 6,500 X 6,500 0 0 YUM BRANDS INC COMMON 988498101 2,624,079 39,555 X X 20,275 0 19,280

TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 09/30/12 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) INVESTMENT DISCRETION --------------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) ---------------------- ------ ---------- -------------- ------------ ---------- ---------- ---------- 3M CO. COMMON 88579Y101 10,989,108 118,904 115,604 3,300 A T & T INC (NEW) COMMON 00206R102 12,835,757 340,471 332,259 8,212 ABBOTT LABS COMMON 002824100 4,241,876 61,871 48,691 13,180 ACCENTURE PLC COMMON G1151C101 3,669,992 52,406 47,206 5,200 AIR PRODS & CHEMS INC COMMON 009158106 3,580,497 43,295 42,095 1,200 ALCOA INC COMMON 013817101 121,579 13,730 13,730 ALLETE INC NEW COMMON 018522300 312,883 7,496 7,396 100 ALTRIA GROUP INC COMMON 02209S103 720,022 21,564 13,406 8,158 AMAZON COM INC COMMON 023135106 333,159 1,310 1,310 AMERICAN EXPRESS CO. COMMON 025816109 1,061,292 18,665 18,365 300 AMGEN INC COMMON 031162100 1,544,024 18,318 18,318 ANADARKO PETROLEUM COMMON 032511107 1,163,469 16,640 16,140 500 APACHE CORP COMMON 037411105 564,217 6,525 6,525 APHTON CORP COMMON 03759P101 15 15,000 15,000 APPLE INC COMMON 037833100 10,862,471 16,283 16,083 200 AQUA AMERICA INC COMMON 03836W103 753,670 30,439 30,439 AUTOMATIC DATA PROCES COMMON 053015103 4,829,898 82,337 75,637 6,700 BANK OF AMERICA CORP COMMON 060505104 220,194 24,937 23,717 1,220 BAXTER INTERNATIONAL COMMON 071813109 1,006,630 16,702 16,702 BB&T CORP COMMON 054937107 824,954 24,878 24,878 BECTON DICKINSON & CO COMMON 075887109 9,711,078 123,614 120,114 3,500 BERKSHIRE HATHAWAY IN COMMON 084670702 1,860,226 21,091 21,091 BERKSHIRE HATHAWAY IN COMMON 084670108 796,200 6 6 BLACKROCK NATL MUN FD MUTUAL 09253C744 114,865 10,320 10,320 BOARDWALK PIPELINE PA COMMON 096627104 1,143,900 41,000 39,450 1,550 BOEING CO. COMMON 097023105 332,038 4,771 4,771 BP PLC ADR COMMON 055622104 1,085,178 25,618 25,618 BRISTOL MYERS SQUIBB COMMON 110122108 8,507,363 252,070 251,370 700 BRYN MAWR BANK CORP COMMON 117665109 673,200 30,000 30,000 CAMPBELL SOUP CO COMMON 134429109 612,832 17,600 17,600 CATERPILLAR INC COMMON 149123101 2,280,920 26,510 23,110 3,400 CENOVUS ENERGY INC CO COMMON 15135U109 2,393,150 68,670 68,670 CHEVRON CORP COMMON 166764100 10,722,471 91,991 84,186 7,805 CHUBB CORP COMMON 171232101 381,400 5,000 2,940 2,060 CISCO SYSTEMS INC COMMON 17275R102 819,653 42,925 41,325 1,600 COACH INC COM COMMON 189754104 5,159,834 92,107 92,107 COCA COLA CO. COMMON 191216100 2,011,504 53,032 53,032 COGNIZANT TECHNOLOGY COMMON 192446102 5,544,933 79,338 77,462 1,876 COLGATE PALMOLIVE CO COMMON 194162103 5,487,207 51,177 49,227 1,950 COMCAST CORP NEW A SP COMMON 20030N200 236,221 6,786 6,786 COMERICA INC COMMON 200340107 5,022,369 161,751 157,751 4,000 CONOCOPHILLIPS COMMON 20825C104 2,157,173 37,726 37,726 CONSOLIDATED EDISON I COMMON 209115104 613,094 10,237 7,931 2,306 CORNING INC COMMON 219350105 537,151 40,848 40,848 COSTCO WHOLESALE COMMON 22160K105 703,624 7,025 5,825 1,200 CVS CORP COMMON 126650100 8,476,986 175,072 166,595 8,477 DANAHER CORP SHS BEN COMMON 235851102 4,540,113 82,323 79,323 3,000 DEERE & CO. COMMON 244199105 214,422 2,600 2,600 DENTSPLY INTL INC NEW COMMON 249030107 1,541,276 40,411 40,411 DEVON ENERGY CORP NEW COMMON 25179M103 4,923,309 81,377 80,477 900 DIAGEO PLC ADR SPONSO COMMON 25243Q205 11,210,886 99,449 95,949 3,500 DIGITAL RLTY TR INC C COMMON 253868103 5,646,674 80,840 77,340 3,500 DISCOVERY COMMUNICATI COMMON 25470F104 438,060 7,350 5,750 1,600 DISNEY WALT COMPANY COMMON 254687106 1,483,654 28,379 26,779 1,600 DODGE & COX INCOME FD MUTUAL 256210105 233,364 16,874 16,874 DOMINION RES INC VA N COMMON 25746U109 1,713,033 32,358 27,658 4,700 DU PONT E I DE NEMOUR COMMON 263534109 8,256,345 164,240 157,640 6,600 DUKE ENERGY CORPORATI COMMON 26441C204 830,057 12,811 10,869 1,942 E M C CORP MASS COMMON 268648102 6,731,327 246,840 239,740 7,100 EATON VANCE NATL MUNS MUTUAL 27826L249 114,247 11,201 11,201 ECHO THERAPEUTICS INC COMMON 27876L107 42,390 27,000 27,000 ECOLAB INC COMMON 278865100 465,336 7,180 7,180 EMERSON ELECTRIC CO COMMON 291011104 8,959,443 185,611 177,611 8,000 ENSCO PLC SHS CLASS A COMMON G3157S106 310,992 5,700 5,700 ENTERPRISE PRODS PART COMMON 293792107 4,834,941 90,204 87,804 2,400 EOG RESOURCES INC COMMON 26875P101 1,483,206 13,237 13,237 EQT CORP COM COMMON 26884L109 457,250 7,750 7,750 EXELON CORP COMMON 30161N101 231,377 6,503 6,503 EXXON MOBIL COMMON 30231G102 30,343,358 331,803 322,444 9,359 FEDEX CORP COMMON 31428X106 5,056,130 59,751 58,751 1,000 FIDELITY ADVISOR SER MUTUAL 315807552 101,337 10,205 10,205 FLUOR CORP NEW COM COMMON 343412102 2,204,769 39,175 37,575 1,600 FRANKLIN RESOURCES IN COMMON 354613101 689,136 5,510 5,510 FULTON FINL CORP PA COMMON 360271100 237,385 24,100 24,100 GENERAL ELECTRIC CO COMMON 369604103 12,913,065 568,607 542,760 25,847 GENERAL MILLS INC COMMON 370334104 1,358,885 34,100 34,100 GENESEE & WYO INC CL COMMON 371559105 401,026 5,998 5,998 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,505,852 32,566 31,166 1,400 GOLDMAN SACHS GROUP I COMMON 38141G104 477,456 4,200 4,075 125 GOLDMAN SACHS GROUP I PREFERR 38143Y665 4,263,392 214,655 213,755 900 GOLDMAN SACHS GROUP I PREFERR 38144G804 796,068 37,800 37,800 GOOGLE INC CL A COMMON 38259P508 13,472,352 17,856 17,406 450 HALLIBURTON CO. COMMON 406216101 752,972 22,350 19,250 3,100 HCP INC COMMON 40414L109 359,132 8,074 6,474 1,600 HEINZ H J CO. COMMON 423074103 640,628 11,450 10,450 1,000 HERSHEY FOODS CORP COMMON 427866108 821,261 11,585 11,585 HESS CORP COM COMMON 42809H107 816,813 15,205 14,205 1,000 HOME DEPOT INC COMMON 437076102 1,567,628 25,967 23,767 2,200 HONEYWELL INTL INC COMMON 438516106 232,547 3,892 3,892 HUDSON CITY BANCORP C COMMON 443683107 116,792 14,700 14,700 ILLINOIS TOOL WORKS I COMMON 452308109 2,505,947 42,138 40,338 1,800 INGREDION INC COM COMMON 457187102 210,049 3,808 3,808 INT'L BUSINESS MACHIN COMMON 459200101 15,134,930 72,957 70,357 2,600 INTEL CORP COMMON 458140100 2,178,120 96,143 81,563 14,580 INTERCONTINENTAL EXCH COMMON 45865V100 6,036,536 45,248 45,098 150 ISHARES TR S&P 500 IN MUTUAL 464287200 208,225 1,442 1,442 ISHARES TR S&P MIDCAP MUTUAL 464287507 237,227 2,404 2,404 J P MORGAN CHASE & CO COMMON 46625H100 8,401,503 207,547 195,317 12,230 JOHNSON CONTROLS INC COMMON 478366107 8,583,625 313,271 306,471 6,800 JOHNSON & JOHNSON COMMON 478160104 13,819,857 200,549 189,339 11,210 JPMORGAN CHASE & CO PREFERR 46625H621 1,746,350 65,900 65,900 KBR INC COM COMMON 48242W106 977,798 32,790 32,790 KELLOGG CO. COMMON 487836108 560,304 10,846 10,046 800 KEYCORP NEW COMMON 493267108 7,464,362 854,046 840,946 13,100 KIMBERLY CLARK CORP COMMON 494368103 2,394,549 27,915 27,915 KINDER MORGAN EGY PTN COMMON 494550106 4,321,515 52,382 48,364 4,018 KRAFT FOODS INC CL A COMMON 50075N104 696,770 16,851 15,398 1,453 LOWE'S COS INC COMMON 548661107 1,972,404 65,225 58,725 6,500 L-3 COMMUNICATIONS HO COMMON 502424104 448,188 6,250 5,900 350 MAGELLAN MIDSTREAM PA COMMON 559080106 568,490 13,000 13,000 MAIRS & PWR FDS TR CO MUTUAL 56064V205 289,494 3,485 3,485 MCDONALD'S CORP COMMON 580135101 8,153,639 88,868 88,068 800 MEDTRONIC INC COMMON 585055106 759,386 17,611 17,611 MERCK & COMPANY COMMON 58933Y105 2,724,550 60,418 52,668 7,750 METLIFE INC PFD A FLT PREFERR 59156R504 4,788,253 192,145 190,045 2,100 MICROSOFT CORP COMMON 594918104 5,429,386 182,439 177,439 5,000 NATIONAL OILWELL VARC COMMON 637071101 358,893 4,480 4,480 NESTLE S A REG ADR COMMON 641069406 453,363 7,185 7,185 NETAPP INC COM COMMON 64110D104 2,165,641 65,865 63,865 2,000 NEUBERGER BERMAN INCO MUTUAL 64128K868 214,044 22,650 22,650 NEXTERA ENERGY INC CO COMMON 65339F101 1,290,556 18,350 18,350 NIKE INC CL B COMMON 654106103 6,203,413 65,361 63,461 1,900 NOBLE CORPORATION COMMON H5833N103 3,621,186 101,207 101,207 NOBLE ENERGY COMMON 655044105 1,256,221 13,550 12,750 800 NORFOLK SOUTHERN CORP COMMON 655844108 1,990,919 31,289 29,939 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 9,648,144 157,495 155,495 2,000 OMNICOM GROUP COMMON 681919106 344,936 6,690 6,690 ONEOK INC NEW COM COMMON 682680103 333,339 6,900 6,900 ORACLE SYS CORP COMMON 68389X105 1,786,928 56,800 46,100 10,700 PENTAIR INC COMMON 709631105 257,045 5,775 5,775 PEPSICO INC COMMON 713448108 11,742,583 165,926 154,926 11,000 PFIZER INC COMMON 717081103 5,648,107 227,288 210,748 16,540 PHILIP MORRIS INTL IN COMMON 718172109 3,406,815 37,879 31,828 6,051 PHILLIPS 66 COM COMMON 718546104 816,529 17,609 17,609 PIEDMONT NAT GAS INC COMMON 720186105 503,440 15,500 15,500 PIMCO FDS PAC INVT MG MUTUAL 693390304 523,347 49,094 49,094 PIMCO TOTAL RET FDS MUTUAL 693390429 162,495 14,032 14,032 PIONEER NATURAL RES C COMMON 723787107 238,658 2,286 2,286 PLUM CREEK TIMBER CO. COMMON 729251108 356,814 8,139 8,139 PNC FINANCIAL CORP COMMON 693475105 495,777 7,857 7,857 PPG INDUSTRIES INC COMMON 693506107 1,624,527 14,146 13,509 637 PPL CORP COMMON 69351T106 436,360 15,021 15,021 PRAXAIR INC COMMON 74005P104 5,639,645 54,290 53,390 900 PROCTER & GAMBLE CO COMMON 742718109 9,159,196 132,053 123,671 8,382 QNB CORP COMMON 74726N107 483,880 19,394 19,394 QUALCOMM INC COMMON 747525103 11,939,954 191,131 184,931 6,200 RANGE RES CORP COM COMMON 75281A109 1,861,127 26,637 26,637 RAYMOND JAMES FINANCI COMMON 754730109 2,515,106 68,625 67,225 1,400 RAYONIER INC COM COMMON 754907103 301,412 6,150 6,150 RIDGEWORTH FDS INTERM MUTUAL 76628T702 1,653,771 155,284 155,284 RIDGEWORTH FDS INV GR MUTUAL 76628T843 1,240,539 96,615 96,615 RIDGEWORTH FDS SEIX F MUTUAL 76628T678 697,435 78,100 78,100 RIVERBED TECHNOLOGY I COMMON 768573107 2,531,374 108,736 103,236 5,500 ROCHE HLDG LTD ADR COMMON 771195104 5,911,978 126,490 126,490 ROYAL DUTCH SHELL PLC COMMON 780259206 1,091,611 15,727 14,527 1,200 SCHLUMBERGER LTD COMMON 806857108 11,915,138 164,733 160,033 4,700 SIMON PPTY GROUP INC COMMON 828806109 349,163 2,300 2,300 SPECTRA ENERGY CORP COMMON 847560109 4,605,204 156,853 151,105 5,748 STARWOOD HOTELS & RES COMMON 85590A401 369,495 6,375 6,375 STATE STREET CORP COMMON 857477103 9,225,787 219,871 210,971 8,900 SYSCO CORP COMMON 871829107 675,276 21,595 21,595 T ROWE PRICE GROUP IN COMMON 74144T108 6,204,096 98,011 96,011 2,000 TELEFONICA S A ADR COMMON 879382208 198,563 14,952 5,091 9,861 TEVA PHARMACEUTICAL COMMON 881624209 8,032,008 193,963 189,221 4,742 TEXAS INSTRUMENTS INC COMMON 882508104 700,448 25,420 25,420 THERMO FISHER SCIENTI COMMON 883556102 1,220,958 20,754 20,754 TOMPKINS FINANCIAL CO COMMON 890110109 1,139,382 28,119 28,119 TRACTOR SUPPLY CO COMMON 892356106 437,588 4,425 4,425 UNILEVER N V COMMON 904784709 352,778 9,943 9,943 UNILEVER PLC SPON ADR COMMON 904767704 9,174,189 251,210 244,060 7,150 UNION PACIFIC CORP COMMON 907818108 873,632 7,360 4,272 3,088 UNITED TECHNOLOGIES C COMMON 913017109 6,857,265 87,588 82,588 5,000 UNIVEST CORP PA COMMON 915271100 468,990 26,055 26,055 VANGUARD FIXED INCOME MUTUAL 922031760 212,284 35,263 35,263 VANGUARD INDEX FDS LA MUTUAL 922908637 702,883 10,700 10,700 VANGUARD INDEX FDS SM MUTUAL 922908751 605,698 7,558 7,558 VANGUARD INDEX TR MID MUTUAL 922908629 1,143,140 14,085 14,085 VANGUARD MUN BD FD IN MUTUAL 922907886 749,115 66,885 66,885 VANGUARD SHORT-TERM T MUTUAL 922907100 252,686 15,852 15,852 VERIZON COMMUNICATION COMMON 92343V104 2,390,877 52,466 48,769 3,697 VERTEX PHARMACEUTICAL COMMON 92532F100 257,094 4,600 4,600 VISA INC COM CL A COMMON 92826C839 9,936,317 73,997 69,797 4,200 VODAFONE GROUP PLC AD COMMON 92857W209 339,065 11,897 11,897 WAL MART STORES INC COMMON 931142103 547,965 7,425 7,425 WELLS FARGO & CO NEW COMMON 949746101 1,192,183 34,526 22,026 12,500 WELLS FARGO & CO NEW PREFERR 949746879 243,704 8,200 8,200 WHIRLPOOL CORP COMMON 963320106 9,874,084 119,094 116,394 2,700 WILLIS GROUP HOLDINGS COMMON G96666105 465,192 12,600 10,500 2,100 XILINX INC COM COMMON 983919101 217,165 6,500 6,500 YUM BRANDS INC COMMON 988498101 2,624,079 39,555 35,675 3,880