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 COM 88579y101 1,011 5,830 SH   SOLE   2,120 0 3,710
AMC Networks COM 00164V103 408 7,492 SH   SOLE   0 0 7,492
AMN Healthcare Svcs. COM 001744101 386 7,115 SH   SOLE   0 0 7,115
AT&T COM 030177109 511 15,254 SH   SOLE   0 0 15,254
Abbott Laboratories COM 002824100 2,555 30,378 SH   SOLE   487 0 29,891
Abbvie COM 00287Y109 2,387 32,829 SH   SOLE   487 0 32,342
Alphabet Class C COM 02079k107 903 835 SH   SOLE   0 0 835
Alphabet Class C COM 02079k107 252 233 SH   OTR 2 0 0 233
Amazon COM 023135106 1,053 556 SH   SOLE   0 0 556
American Equity Inv. Life Hold COM 025676206 471 17,350 SH   SOLE   0 0 17,350
American Express COM 025816109 1,500 12,153 SH   SOLE   612 0 11,541
American Water Works COM 030420103 674 5,812 SH   SOLE   0 0 5,812
Ameriprise Financial COM 03076C106 348 2,400 SH   SOLE   0 0 2,400
Amgen COM 031162100 1,156 6,273 SH   SOLE   1,266 0 5,007
Anadarko Petroleum COM 032511107 425 6,020 SH   SOLE   0 0 6,020
Apple COM 037833100 2,236 11,295 SH   SOLE   1,663 0 9,632
Apple COM 037833100 257 1,300 SH   OTR 2 0 0 1,300
Applied Materials COM 038222105 1,218 27,115 SH   SOLE   300 0 26,815
Baker Hughes A GE COM 05722G100 462 18,772 SH   SOLE   0 0 18,772
Bank America COM 060505104 220 7,571 SH   SOLE   0 0 7,571
Bank of New York Mellon COM 064058100 466 10,560 SH   SOLE   7,392 0 3,168
Becton Dickinson COM 075887109 1,044 4,142 SH   SOLE   0 0 4,142
Bristol-Myers Squibb COM 110122108 2,147 47,336 SH   SOLE   5,866 0 41,470
Bristol-Myers Squibb COM 110122108 387 8,525 SH   OTR 2 0 0 8,525
CBRE Group COM 12504L109 254 4,945 SH   SOLE   0 0 4,945
CMS Energy COM 125896100 963 16,634 SH   SOLE   0 0 16,634
CVS/Caremark COM 126650100 320 5,875 SH   SOLE   0 0 5,875
Cabot Corp. COM 127055101 617 12,932 SH   SOLE   0 0 12,932
Caterpillar COM 149123101 267 1,957 SH   SOLE   750 0 1,207
Celgene COM 151020104 815 8,816 SH   SOLE   1,600 0 7,216
Chevron COM 166764100 2,090 16,792 SH   SOLE   716 0 16,076
Chevron COM 166764100 422 3,392 SH   OTR 2 0 0 3,392
Cigna COM 125509109 279 1,774 SH   SOLE   264 0 1,510
Cisco Systems COM 17275R952 465 8,500 SH   SOLE   0 0 8,500
Cisco Systems COM 17275R952 101 1,838 SH   OTR 2 0 0 1,838
Clorox COM 189054109 2,902 18,954 SH   SOLE   2,728 0 16,226
Coca-Cola COM 191216100 339 6,650 SH   SOLE   0 0 6,650
Cognizant Technology Solutions COM 192446102 645 10,180 SH   SOLE   0 0 10,180
Corteva COM 22052l104 594 20,072 SH   SOLE   2,958 0 17,114
Corteva COM 22052l104 10 333 SH   OTR 2 0 0 333
Dell COM 24703l103 1,100 21,650 SH   SOLE   0 0 21,650
Diodes COM 254543101 944 25,944 SH   SOLE   0 0 25,944
Disney COM 254687106 3,827 27,408 SH   SOLE   4,995 0 22,413
Dolby Class A COM 25659T107 785 12,150 SH   SOLE   0 0 12,150
Dover Corp. COM 260003108 789 7,876 SH   SOLE   0 0 7,876
Dow COM 260557103 951 19,287 SH   SOLE   2,958 0 16,329
Dow COM 260557103 16 333 SH   OTR 2 0 0 333
Du Pont (E.I) de Nemours COM 26614N102 1,507 20,072 SH   SOLE   2,958 0 17,114
Du Pont (E.I) de Nemours COM 26614N102 25 333 SH   OTR 2 0 0 333
Edison International COM 281020107 551 8,173 SH   SOLE   0 0 8,173
Emerson Electric COM 291011104 725 10,866 SH   SOLE   3,200 0 7,666
Emerson Electric COM 291011104 294 4,412 SH   OTR 2 0 0 4,412
Equifax COM 294429105 267 1,971 SH   OTR 2 0 0 1,971
Exxon Mobil COM 30231G102 4,589 59,886 SH   SOLE   7,899 0 51,987
Exxon Mobil COM 30231G102 469 6,124 SH   OTR 2 0 0 6,124
FedEx COM 31428x106 454 2,765 SH   SOLE   0 0 2,765
Fidelity National Info. COM 31620M106 327 2,666 SH   OTR 2 0 0 2,666
Fifth 3rd Bancorp COM 316773100 435 15,605 SH   SOLE   0 0 15,605
First American Financial COM 31847r102 522 9,724 SH   SOLE   0 0 9,724
Flir Systems COM 302445101 1,068 19,749 SH   SOLE   0 0 19,749
General Electric COM 369604103 947 90,216 SH   SOLE   6,644 0 83,572
General Electric COM 369604103 140 13,349 SH   OTR 2 0 0 13,349
Genesee & Wyoming COM 371559105 1,176 11,763 SH   SOLE   0 0 11,763
Grand Canyon Education COM 38526m106 522 4,457 SH   SOLE   0 0 4,457
Home Depot COM 437076102 2,210 10,628 SH   SOLE   1,437 0 9,191
Hoya Capital Housing ETF COM 26922a230 2,932 110,970 SH   SOLE   78,970 0 32,000
Humana COM 444859102 812 3,060 SH   SOLE   0 0 3,060
Huntington Ingalls Ind. COM 446413106 483 2,150 SH   SOLE   0 0 2,150
IAC Interactive Corp. COM 44919P508 1,655 7,608 SH   SOLE   0 0 7,608
Icon PLC COM G4705A100 1,078 6,999 SH   SOLE   0 0 6,999
Intel COM 458140100 3,696 77,215 SH   SOLE   15,312 0 61,903
Intel COM 458140100 167 3,480 SH   OTR 2 0 0 3,480
International Business Machine COM 459200101 1,852 13,427 SH   SOLE   1,610 0 11,817
Intuit COM 461202103 464 1,775 SH   SOLE   0 0 1,775
JPMorgan Chase COM 46625h100 7,157 64,017 SH   SOLE   2,134 0 61,883
JPMorgan Chase COM 46625h100 1,429 12,780 SH   OTR 2 0 0 12,780
Johnson & Johnson COM 478160104 17,308 124,266 SH   SOLE   8,011 0 116,255
Johnson & Johnson COM 478160104 865 6,208 SH   OTR 2 0 0 6,208
Keycorp COM 493267108 688 38,740 SH   SOLE   0 0 38,740
Kimberly Clark COM 494368103 405 3,036 SH   OTR 2 0 0 3,036
Kroger COM 501044101 373 17,185 SH   SOLE   0 0 17,185
Marriott Vacations Worldwide COM 57164Y107 830 8,605 SH   SOLE   0 0 8,605
Masco Corp. COM 574599106 500 12,731 SH   SOLE   0 0 12,731
McCormick COM 579780206 2,179 14,055 SH   SOLE   4,800 0 9,255
McDonald's Corp. COM 580135101 1,625 7,825 SH   SOLE   1,866 0 5,959
Merck COM 58933y105 2,600 31,006 SH   SOLE   3,040 0 27,966
Merck COM 58933y105 496 5,921 SH   OTR 2 0 0 5,921
Microsoft COM 594918104 1,919 14,322 SH   SOLE   2,844 0 11,478
Microsoft COM 594918104 187 1,395 SH   OTR 2 0 0 1,395
Mondelez COM 609207105 214 3,971 SH   SOLE   0 0 3,971
Moody's Corp. COM 615369105 243 1,246 SH   SOLE   0 0 1,246
Nasdaq COM 631103108 803 8,354 SH   SOLE   0 0 8,354
National Health Investors COM 63633d104 1,051 13,465 SH   SOLE   0 0 13,465
Nestle ADR COM 641069406 4,005 38,637 SH   SOLE   5,000 0 33,637
Newmont Mining Corp. COM 651639106 928 24,134 SH   SOLE   0 0 24,134
Norfolk Southern COM 655844108 535 2,686 SH   OTR 2 0 0 2,686
Nvidia Corp. COM 67066G104 350 2,129 SH   SOLE   0 0 2,129
Old Republic COM 680223104 634 28,350 SH   SOLE   0 0 28,350
PepsiCo COM 713448108 3,027 23,086 SH   SOLE   980 0 22,106
PepsiCo COM 713448108 508 3,871 SH   OTR 2 0 0 3,871
Pfizer COM 717081103 5,534 127,751 SH   SOLE   18,798 0 108,953
Pfizer COM 717081103 355 8,198 SH   OTR 2 0 0 8,198
Polaris Ind. COM 731068102 575 6,305 SH   SOLE   0 0 6,305
Post Holdings COM 737446104 765 7,355 SH   SOLE   0 0 7,355
Procter & Gamble COM 742718109 3,820 34,838 SH   SOLE   3,969 0 30,869
Procter & Gamble COM 742718109 769 7,010 SH   OTR 2 0 0 7,010
Quaker Chemical COM 747316107 254 1,250 SH   SOLE   0 0 1,250
Qualcomm COM 747525103 275 3,621 SH   SOLE   900 0 2,721
Quanta Services COM 74762E102 861 22,555 SH   SOLE   0 0 22,555
Reliance Steel & Aluminum COM 759509102 1,002 10,592 SH   SOLE   0 0 10,592
Rockwell Automation COM 773903109 877 5,356 SH   SOLE   0 0 5,356
S&P Global COM 78409V104 1,798 7,892 SH   SOLE   643 0 7,249
Schlumberger COM 806857108 318 8,007 SH   SOLE   1,000 0 7,007
Schlumberger COM 806857108 195 4,913 SH   OTR 2 0 0 4,913
Schwab, Charles COM 808513105 1,378 34,278 SH   SOLE   727 0 33,551
Suntrust Banks COM 867914103 710 11,304 SH   SOLE   0 0 11,304
Synopsys COM 871607107 1,559 12,113 SH   SOLE   0 0 12,113
Union Pacific COM 907818108 499 2,950 SH   SOLE   400 0 2,550
Union Pacific COM 907818108 440 2,600 SH   OTR 2 0 0 2,600
United Health Group COM 91324P102 719 2,945 SH   SOLE   0 0 2,945
United Parcel Service 'B' COM 911312106 263 2,550 SH   SOLE   300 0 2,250
Universal Health Svcs COM 913903100 721 5,530 SH   SOLE   0 0 5,530
Varian Medical Systems COM 92220P105 1,005 7,384 SH   SOLE   0 0 7,384
Verisign COM 92343e102 272 1,300 SH   SOLE   0 0 1,300
Verizon Communications COM 92343v104 1,673 29,289 SH   SOLE   1,700 0 27,589
Wal-Mart Stores COM 931142103 889 8,042 SH   SOLE   0 0 8,042
Waste Management COM 94106L109 1,822 15,796 SH   SOLE   0 0 15,796
Westlake Chemical Corp. COM 960413102 528 7,604 SH   SOLE   0 0 7,604
Wyndham Destinations COM 98310w108 350 7,974 SH   SOLE   0 0 7,974
Wyndham Hotels & Resorts COM 98311a105 444 7,974 SH   SOLE   0 0 7,974
Yum! Brands COM 988498101 391 3,537 SH   SOLE   392 0 3,145
Zimmer Biomet COM 98956p102 583 4,952 SH   SOLE   1,255 0 3,697
Zimmer Biomet COM 98956p102 285 2,418 SH   OTR 2 0 0 2,418
Zoetis COM 98978v103 1,092 9,620 SH   SOLE   0 0 9,620
Digital Realty Trust COM 253868103 234 1,990 SH   SOLE   90 0 1,900
Mid America Apartment Communit COM 59522J103 996 8,462 SH   SOLE   110 0 8,352
Store Cap Corp COM 862121100 1,034 31,155 SH   SOLE   210 0 30,945