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 COMPANY COM 88579Y101 451 3,215 SH   SOLE   3,215 0 0
ABBOTT LABS COM COM 002824100 483 12,609 SH   SOLE   12,609 0 0
ABBVIE INC COM COM 00287Y109 325 6,155 SH   SOLE   6,155 0 0
AMERN EAGLE OUTFIT NEW COM COM 02553E106 8,051 559,124 SH   SOLE   546,974 0 12,150
AMERN EAGLE OUTFIT NEW COM COM 02553E106 49 3,400 SH   OTR   3,400 0 0
APPLE COMPUTER INC COM 037833100 201 358 SH   SOLE   358 0 0
BANK OF NEW YORK CO (New) COM 064058100 17,951 513,765 SH   SOLE   497,915 0 15,850
BANK OF NEW YORK CO (New) COM 064058100 500 14,300 SH   OTR   3,100 0 11,200
BERKSHIRE HATHAWAY CL B COM 084670702 376 3,168 SH   SOLE   3,168 0 0
BOEING COMPANY COM 097023105 3,060 22,420 SH   SOLE   21,000 0 1,420
BOEING COMPANY COM 097023105 65 475 SH   OTR   475 0 0
BRISTOL-MEYERS SQUIBB COM 110122108 493 9,277 SH   SOLE   9,277 0 0
CARNIVAL CORPORATION COM 143658300 14,149 352,226 SH   SOLE   344,651 0 7,575
CARNIVAL CORPORATION COM 143658300 96 2,400 SH   OTR   2,150 0 250
CATERPILLAR INC COM 149123101 233 2,565 SH   SOLE   2,565 0 0
CHEVRON CORP COM 166764100 3,070 24,577 SH   SOLE   24,452 0 125
CHEVRON CORP COM 166764100 262 2,100 SH   OTR   100 0 2,000
CHUBB CORPORATION COM 171232101 14,040 145,292 SH   SOLE   138,392 0 6,900
CHUBB CORPORATION COM 171232101 365 3,775 SH   OTR   1,075 0 2,700
CLOROX COMPANY COM 189054109 802 8,646 SH   SOLE   7,646 0 1,000
COCA-COLA COMPANY COM 191216100 418 10,118 SH   SOLE   10,118 0 0
COLGATE-PALMOLIVE CO COM 194162103 217 3,324 SH   SOLE   3,324 0 0
CONOCOPHILLIPS COM 20825C104 246 3,477 SH   SOLE   3,077 0 400
CORNING INCORPORATED COM 219350105 206 11,567 SH   SOLE   11,567 0 0
CST BRANDS INC COM COM 12646R105 1,203 32,775 SH   SOLE   31,900 0 875
CST BRANDS INC COM COM 12646R105 28 776 SH   OTR   221 0 555
CVS CAREMARK CORPORATION COM 126650100 19,844 277,272 SH   SOLE   266,697 0 10,575
CVS CAREMARK CORPORATION COM 126650100 417 5,825 SH   OTR   1,725 0 4,100
DEERE & COMPANY COM 244199105 70 768 SH   SOLE   768 0 0
DEERE & COMPANY COM 244199105 183 2,000 SH   OTR   0 0 2,000
EMERSON ELECTRIC CO COM 291011104 16,498 235,079 SH   SOLE   230,554 0 4,525
EMERSON ELECTRIC CO COM 291011104 100 1,425 SH   OTR   1,425 0 0
EXXON MOBIL CORPORATION COM 30231G102 4,963 49,038 SH   SOLE   44,813 0 4,225
EXXON MOBIL CORPORATION COM 30231G102 486 4,800 SH   OTR   0 0 4,800
FLUOR CORP COM 343412102 10,225 127,348 SH   SOLE   123,948 0 3,400
FLUOR CORP COM 343412102 187 2,325 SH   OTR   875 0 1,450
GENERAL ELECTRIC CO COM 369604103 879 31,357 SH   SOLE   28,542 0 2,815
GENERAL ELECTRIC CO COM 369604103 155 5,515 SH   OTR   0 0 5,515
GENERAL MOTORS CORP. COM 37045V100 22,562 552,032 SH   SOLE   543,007 0 9,025
GENERAL MOTORS CORP. COM 37045V100 118 2,875 SH   OTR   2,875 0 0
GENUINE PARTS COMPANY COM 372460105 542 6,510 SH   SOLE   6,510 0 0
GLAXO SMITHKLINE ADS COM 37733W105 263 4,934 SH   SOLE   4,934 0 0
HSBC HLDGS PLC ADS COM 404280406 6,501 117,928 SH   SOLE   114,936 0 2,992
HSBC HLDGS PLC ADS COM 404280406 43 778 SH   OTR   778 0 0
HUBBELL, INC. (CLASS B) COM 443510201 7,201 66,128 SH   SOLE   63,753 0 2,375
HUBBELL, INC. (CLASS B) COM 443510201 253 2,325 SH   OTR   525 0 1,800
IBM CORP COM 459200101 744 3,965 SH   SOLE   3,239 0 726
IBM CORP COM 459200101 153 814 SH   OTR   0 0 814
INTEL CORPORATION COM 458140100 9,476 365,107 SH   SOLE   354,407 0 10,700
INTEL CORPORATION COM 458140100 162 6,250 SH   OTR   250 0 6,000
JOHNSON & JOHNSON COM 478160104 1,261 13,764 SH   SOLE   13,564 0 200
JOHNSON CONTROLS INC COM 478366107 25,198 491,184 SH   SOLE   480,384 0 10,800
JOHNSON CONTROLS INC COM 478366107 536 10,450 SH   OTR   2,700 0 7,750
KOHL'S CORPORATION COM 500255104 7,098 125,078 SH   SOLE   122,228 0 2,850
KOHL'S CORPORATION COM 500255104 47 825 SH   OTR   825 0 50
LEUCADIA NATIONAL COR COM 527288104 8,451 298,200 SH   SOLE   291,925 0 6,275
LEUCADIA NATIONAL COR COM 527288104 52 1,850 SH   OTR   1,850 0 0
LIBERTY MEDIA HLDG CP A INTERA COM 53071M104 11,140 379,554 SH   SOLE   371,329 0 8,225
LIBERTY MEDIA HLDG CP A INTERA COM 53071M104 68 2,325 SH   OTR   2,325 0 0
MARKEL CORP COM COM 570535104 17,825 30,714 SH   SOLE   30,019 0 695
MARKEL CORP COM COM 570535104 116 200 SH   OTR   200 0 0
MARSH & McLENNAN COS COM 571748102 300 6,200 SH   SOLE   6,200 0 0
MCKESSON CORP COM 58155Q103 225 1,395 SH   SOLE   1,395 0 0
MEDTRONIC INC. COM 585055106 3,742 65,211 SH   SOLE   63,911 0 1,300
MEDTRONIC INC. COM 585055106 96 1,675 SH   OTR   675 0 1,000
MERCK & CO. INC. COM 58933Y105 11,999 239,750 SH   SOLE   234,125 0 5,625
MERCK & CO. INC. COM 58933Y105 238 4,750 SH   OTR   1,750 0 3,100
MICROSOFT CORPORATION COM 594918104 20,252 541,351 SH   SOLE   525,601 0 15,750
MICROSOFT CORPORATION COM 594918104 408 10,900 SH   OTR   3,400 0 7,500
MONSANTO CO COM 61166W101 294 2,523 SH   SOLE   2,523 0 0
NATIONAL OIL WELL VARCO COM 637071101 8,602 108,162 SH   SOLE   105,012 0 3,150
NATIONAL OIL WELL VARCO COM 637071101 105 1,325 SH   OTR   725 0 600
NOVARTIS AG ADS COM 66987V109 463 5,759 SH   SOLE   5,759 0 0
PEPSICO INC. COM 713448108 1,138 13,715 SH   SOLE   13,215 0 500
PFIZER INC. COM 717081103 2,146 70,074 SH   SOLE   66,981 0 3,093
PFIZER INC. COM 717081103 72 2,364 SH   OTR   0 0 2,364
PROCTER & GAMBLE CO. COM 742718109 1,510 18,553 SH   SOLE   15,353 0 3,200
PROCTER & GAMBLE CO. COM 742718109 456 5,600 SH   OTR   0 0 5,600
REDWOOD TRUST INC COM 758075402 9,529 491,970 SH   SOLE   480,590 0 11,380
REDWOOD TRUST INC COM 758075402 208 10,750 SH   OTR   2,950 0 7,800
ROCKWELL COLLINS COM 774341101 1,595 21,577 SH   SOLE   21,227 0 350
ROCKWELL COLLINS COM 774341101 126 1,700 SH   OTR   600 0 1,100
ROYAL DUTCH SHELL ADR COM 780259206 699 9,810 SH   SOLE   8,385 0 1,425
ROYAL DUTCH SHELL ADR COM 780259206 71 1,000 SH   OTR   0 0 1,000
SEMPRA ENERGY COM 816851109 238 2,650 SH   SOLE   350 0 2,300
SEMPRA ENERGY COM 816851109 443 4,930 SH   OTR   0 0 4,930
STERLING RESOURCES L COM 858915101 24 40,000 SH   SOLE   40,000 0 0
TARGET CORPORATION COM 87612E106 479 7,572 SH   SOLE   3,342 0 4,230
TARGET CORPORATION COM 87612E106 394 6,230 SH   OTR   0 0 6,230
UNILEVER PLC ADR COM 904767704 6,949 168,661 SH   SOLE   164,701 0 3,960
UNILEVER PLC ADR COM 904767704 254 6,165 SH   OTR   1,125 0 5,040
UNITED TECHNOLOGIES COM 913017109 757 6,649 SH   SOLE   300 0 6,349
UNITED TECHNOLOGIES COM 913017109 723 6,349 SH   OTR   0 0 6,349
VALERO ENERGY CORP. COM 91913Y100 15,101 299,623 SH   SOLE   291,698 0 7,925
VALERO ENERGY CORP. COM 91913Y100 353 7,000 SH   OTR   2,000 0 5,000
WELLS FARGO & CO COM 949746101 19,406 427,454 SH   SOLE   414,804 0 12,650
WELLS FARGO & CO COM 949746101 331 7,300 SH   OTR   2,700 0 4,600