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
CORE LABORATORIES N V COM N22717107 1,275 10,100 SH   SOLE   10,100 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,977 18,000 SH   SOLE   18,000 0 0
SCHLUMBERGER LTD COM 806857108 1,337 19,947 SH   SOLE   18,797 0 1,150
3M CO COM 88579y101 295 1,500 SH   SOLE   0 0 1,500
58 COM INC SPON ADR REP A 31680q104 208 3,000 SH   SOLE   0 0 3,000
SMITH A O COM 831865209 89 1,500 SH   SOLE   1,500 0 0
SMITH A O COM 831865209 172 2,913 SH   DFND   0 2,913 0
ABBOTT LABS COM 002824100 1,123 18,405 SH   SOLE   0 0 18,405
ABBVIE INC COM 00287y109 1,714 18,500 SH   SOLE   0 0 18,500
ALLERGAN PLC SHS g0177j108 233 1,400 SH   SOLE   15 0 1,385
ALPHABET INC CAP STK CL C 02079k107 1,861 1,668 SH   SOLE   5 0 1,663
AMAZON COM INC COM 023135106 2,959 1,741 SH   SOLE   25 0 1,716
AMERICAN STS WTR CO COM 029899101 91 1,600 SH   SOLE   1,150 0 450
AMERICAN STS WTR CO COM 029899101 132 2,307 SH   DFND   0 2,307 0
AMERICAN WTR WKS CO INC NEW COM 030420103 2,701 31,630 SH   SOLE   9,165 0 22,465
AMERICAN WTR WKS CO INC NEW COM 030420103 600 7,030 SH   DFND   0 7,030 0
ANADARKO PETE CORP COM 032511107 1,633 22,300 SH   SOLE   22,000 0 300
ANTERO RES CORP COM 03674x106 850 39,800 SH   SOLE   39,000 0 800
APPLE INC COM 037833100 2,940 15,885 SH   SOLE   180 0 15,705
AQUA AMERICA INC COM 03836W103 523 14,855 SH   SOLE   55 0 14,800
AQUA AMERICA INC COM 03836W103 176 5,000 SH   DFND   0 5,000 0
ARTESIAN RESOURCES CORP CL A 043113208 58 1,485 SH   SOLE   1,485 0 0
ARTESIAN RESOURCES CORP CL A 043113208 149 3,847 SH   DFND   0 3,847 0
ASML HOLDING N V N Y REGISTRY SHS n07059210 203 1,024 SH   SOLE   0 0 1,024
ATLANTIC CAP BANCSHARES INC COM 048269203 624 31,752 SH   DFND   0 31,752 0
AMERIS BANCORP COM 03076k108 1,362 25,525 SH   DFND   0 25,525 0
BANCORP 34 INC COM 05970V106 1,184 78,690 SH   DFND   0 78,690 0
BAYCOM CORP COM 07272m107 1,058 42,766 SH   DFND   0 42,766 0
BOEING CO COM 097023105 3,069 9,147 SH   SOLE   30 0 9,117
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 219 5,000 SH   SOLE   0 0 5,000
BUSINESS FIRST BANCSHARES IN COM 12326c105 213 8,077 SH   DFND   0 8,077 0
CABOT OIL & GAS CORP COM 127097103 973 40,900 SH   SOLE   38,000 0 2,900
CBTX INC COM 12481v104 1,234 37,340 SH   DFND   0 37,340 0
CHEESECAKE FACTORY INC COM 163072101 279 5,062 SH   SOLE   0 0 5,062
CHENIERE ENERGY INC COM NEW 16411R208 4,751 72,880 SH   SOLE   55,200 0 17,680
CHINACACHE INTL HLDG LTD SPONSORED ADR 16950m107 127 115,083 SH   SOLE   0 0 115,083
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441a102 87 14,429 SH   DFND   0 14,429 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 892 36,809 SH   DFND   0 36,809 0
COCA COLA CO COM 191216100 332 7,570 SH   SOLE   45 0 7,525
COLGATE PALMOLIVE CO COM 194162103 1,855 28,620 SH   SOLE   0 0 28,620
COMMUNITY BANKERS TR CORP COM 203612106 1,221 136,379 SH   DFND   0 136,379 0
CONNECTICUT WTR SVC INC COM 207797101 253 3,872 SH   DFND   0 3,872 0
CONSTELLATION BRANDS INC CL A 21036p108 902 4,120 SH   SOLE   10 0 4,110
CUMMINS INC COM 231021106 582 4,375 SH   SOLE   1,010 0 3,365
CVS HEALTH CORP COM 126650100 929 14,440 SH   SOLE   55 0 14,385
DOMINION ENERGY INC COM 25746u109 1,822 26,730 SH   SOLE   8,050 0 18,680
DOWDUPONT INC COM 26078j100 3,710 56,275 SH   SOLE   26,595 0 29,680
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336t100 304 18,500 SH   SOLE   0 0 18,500
EQT CORP COM 26884L109 1,948 35,310 SH   SOLE   34,210 0 1,100
ESQUIRE FINL HLDGS INC COM 29667j101 1,077 40,826 SH   DFND   0 40,826 0
EVERSOURCE ENERGY COM 30040w108 234 4,000 SH   SOLE   0 0 4,000
FNB CORP PA COM 302520101 195 14,494 SH   SOLE   248 0 14,246
FANG HLDGS LTD ADR 30711y102 39 10,000 SH   SOLE   0 0 10,000
FIRST CMNTY CORP S C COM 319835104 812 32,367 SH   DFND   0 32,367 0
FIRST FNDTN INC COM 32026V104 656 35,384 SH   DFND   0 35,384 0
FSB BANCORP INC COM 30289C102 301 17,177 SH   DFND   0 17,177 0
FIRST BANCORP N C COM 318910106 660 16,139 SH   DFND   0 16,139 0
FIRST BANCSHARES INC MS COM 318916103 327 9,090 SH   DFND   0 9,090 0
GLOBAL WTR RES INC COM 379463102 56 6,000 SH   SOLE   6,000 0 0
GLOBAL WTR RES INC COM 379463102 225 23,954 SH   DFND   0 23,954 0
GUARANTY BANCSHARES INC TEX COM 400764106 730 22,168 SH   DFND   0 22,168 0
HALLIBURTON CO COM 406216101 2,899 64,337 SH   SOLE   47,500 0 16,837
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 722 86,690 SH   SOLE   85,000 0 1,690
HEXCEL CORP NEW COM 428291108 6,674 100,541 SH   SOLE   53,325 0 47,216
HOME DEPOT INC COM 437076102 3,050 15,632 SH   SOLE   40 0 15,592
HONEYWELL INTL INC COM 438516106 2,710 18,810 SH   SOLE   4,840 0 13,970
HOWARD BANCORP INC COM 442496105 1,134 62,983 SH   DFND   0 62,983 0
HUBBELL INC COM 443510607 483 4,572 SH   SOLE   20 0 4,552
ILLUMINA INC COM 452327109 4,061 14,539 SH   SOLE   30 0 14,509
IMAX CORP COM 45245e109 233 10,500 SH   SOLE   0 0 10,500
INTEL CORP COM 458140100 790 15,890 SH   SOLE   0 0 15,890
INTERCONTINENTAL EXCHANGE IN COM 45866f104 463 6,290 SH   SOLE   0 0 6,290
INVESTAR HLDG CORP COM 46134l105 617 22,309 SH   DFND   0 22,309 0
ISHARES TR GLOB HLTHCRE ETF 464287325 341 6,050 SH   SOLE   0 0 6,050
JOHNSON & JOHNSON COM 478160104 349 2,875 SH   SOLE   0 0 2,875
JPMORGAN CHASE & CO COM 46625h100 1,174 11,270 SH   SOLE   45 0 11,225
KINDER MORGAN INC DEL COM 49456B101 441 24,941 SH   SOLE   82 0 24,859
MACKINAC FINL CORP COM 554571109 340 20,518 SH   DFND   0 20,518 0
MARRIOTT INTL INC NEW CL A 571903202 582 4,595 SH   SOLE   20 0 4,575
MASTEC INC COM 576323109 1,243 24,500 SH   SOLE   5,000 0 19,500
MCDONALDS CORP COM 580135101 933 5,952 SH   SOLE   15 0 5,937
MEDTRONIC PLC SHS g5960l103 1,652 19,291 SH   SOLE   75 0 19,216
MELROSE BANCORP INC COM 585553100 231 11,756 SH   DFND   0 11,756 0
MICROSOFT CORP COM 594918104 1,073 10,877 SH   SOLE   65 0 10,812
MIDDLESEX WATER CO COM 596680108 89 2,100 SH   SOLE   2,100 0 0
MIDDLESEX WATER CO COM 596680108 122 2,893 SH   DFND   0 2,893 0
MIDSOUTH BANCORP INC COM 598039105 657 49,600 SH   DFND   0 49,600 0
NEXTERA ENERGY INC COM 65339F101 3,091 18,505 SH   SOLE   13,200 0 5,305
NISOURCE INC COM 65473p105 305 11,600 SH   SOLE   0 0 11,600
NOAH HLDGS LTD SPON ADS CL A 65487x102 417 8,000 SH   SOLE   0 0 8,000
NORFOLK SOUTHERN CORP COM 655844108 204 1,350 SH   SOLE   0 0 1,350
OASIS PETE INC NEW COM 674215108 1,569 121,000 SH   SOLE   121,000 0 0
ONEOK INC NEW COM 682680103 1,530 21,916 SH   SOLE   12,200 0 9,716
PB BANCORP INC COM 70454t100 1,110 97,822 SH   DFND   0 97,822 0
PCSB FINL CORP COM 69324r104 226 11,360 SH   SOLE   0 0 11,360
PHILLIPS 66 COM 718546104 3,201 28,502 SH   SOLE   13,200 0 15,302
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 241 4,715 SH   SOLE   0 0 4,715
PIONEER NAT RES CO COM 723787107 1,154 6,100 SH   SOLE   6,000 0 100
PRIMERICA INC COM 74164m108 398 4,000 SH   SOLE   0 0 4,000
PROCTER AND GAMBLE CO COM 742718109 929 11,905 SH   SOLE   50 0 11,855
PROPETRO HLDG CORP COM 74347m108 956 61,000 SH   SOLE   61,000 0 0
REXNORD CORP NEW COM 76169B102 128 4,400 SH   SOLE   4,400 0 0
REXNORD CORP NEW COM 76169B102 160 5,505 SH   DFND   0 5,505 0
RPC INC COM 749660106 739 50,750 SH   SOLE   50,000 0 750
SAP SE SPON ADR 803054204 220 1,900 SH   SOLE   0 0 1,900
SELECT BANCORP INC NEW COM 81617L108 650 48,289 SH   DFND   0 48,289 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369y209 377 4,521 SH   SOLE   0 0 4,521
SEMGROUP CORP CL A 81663A105 3,704 145,835 SH   SOLE   101,000 0 44,835
SEMPRA ENERGY COM 816851109 2,940 25,325 SH   SOLE   11,540 0 13,785
SI FINL GROUP INC MD COM 78425v104 507 34,400 SH   DFND   0 34,400 0
SM ENERGY CO COM 78454l100 719 28,000 SH   SOLE   28,000 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 360 20,195 SH   DFND   0 20,195 0
SPDR GOLD TRUST GOLD SHS 78463v107 291 2,450 SH   SOLE   0 0 2,450
SPIRIT OF TEX BANCSHARES INC COM 84861d103 409 19,847 SH   DFND   0 19,847 0
TARGA RES CORP COM 87612G101 5,426 109,644 SH   SOLE   60,035 0 49,609
TARO PHARMACEUTICAL INDS LTD SHS m8737e108 246 2,126 SH   SOLE   0 0 2,126
TRIUMPH BANCORP INC COM 89679E300 448 10,990 SH   SOLE   0 0 10,990
TRIUMPH BANCORP INC COM 89679E300 2,502 61,400 SH   DFND   0 61,400 0
UNITED CMNTY BANCORP IND COM 90984r101 1,484 54,555 SH   DFND   0 54,555 0
UNITED TECHNOLOGIES CORP COM 913017109 1,388 11,099 SH   SOLE   2,525 0 8,574
UNIVERSAL DISPLAY CORP COM 91347p105 258 3,000 SH   SOLE   0 0 3,000
UNITED FINL BANCORP INC NEW COM 910304104 637 36,344 SH   DFND   0 36,344 0
VARIAN MED SYS INC COM 92220P105 227 2,000 SH   SOLE   0 0 2,000
VERIZON COMMUNICATIONS INC COM 92343v104 519 10,320 SH   SOLE   25 0 10,295
DISNEY WALT CO COM DISNEY 254687106 1,365 13,020 SH   SOLE   40 0 12,980
WELLS FARGO CO NEW COM 949746101 865 15,595 SH   SOLE   95 0 15,500
WESTLAKE CHEM CORP COM 960413102 1,399 13,000 SH   SOLE   13,000 0 0
WILLIAMS COS INC DEL COM 969457100 9,065 334,371 SH   SOLE   124,885 0 209,486
XYLEM INC COM 98419M100 338 5,023 SH   SOLE   3,500 0 1,523
XYLEM INC COM 98419M100 373 5,542 SH   DFND   0 5,542 0
ZIMMER BIOMET HLDGS INC COM 98956p102 759 6,808 SH   SOLE   35 0 6,773
AMERICAN MIDSTREAM PARTNERS COM UNITS 02752P100 2,265 222,035 SH   SOLE   135,000 0 87,035
ANDEAVOR LOGISTICS LP COM UNIT LP INT 03350f106 838 19,715 SH   SOLE   0 0 19,715
DCP MIDSTREAM LP COM UT LTD PTN 23311p100 675 17,058 SH   SOLE   0 0 17,058
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 8,510 493,353 SH   SOLE   206,200 0 287,153
ENERGY TRANSFER PARTNERS LP UNIT LTD PRT INT 29278n103 940 49,387 SH   SOLE   25,000 0 24,387
ENTERPRISE PRODS PARTNERS L COM 293792107 1,797 64,935 SH   SOLE   0 0 64,935
GENESIS ENERGY L P UNIT LTD PARTN 371927104 3,354 153,060 SH   SOLE   56,000 0 97,060
HESS MIDSTREAM PARTNERS LP UNIT LTD PR INT 428104103 422 21,400 SH   SOLE   21,000 0 400
KIMBELL RTY PARTNERS LP UNIT 49435r102 290 13,000 SH   SOLE   13,000 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 2,146 31,066 SH   SOLE   0 0 31,066
MPLX LP COM UNIT REP LTD 55336V100 3,380 99,010 SH   SOLE   49,000 0 50,010
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 3,016 241,305 SH   SOLE   165,000 0 76,305
PBF LOGISTICS LP UNIT LTD PTNR 69318Q104 298 14,185 SH   SOLE   0 0 14,185
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 2,775 117,400 SH   SOLE   97,000 0 20,400
SANCHEZ MIDSTREAM PARTNERS L COM UNITS REP B 79971c201 670 56,740 SH   SOLE   55,960 0 780
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142102 1,607 104,335 SH   SOLE   44,000 0 60,335
SUNOCO LP COM U REP LP 86765K109 3,618 144,965 SH   SOLE   56,000 0 88,965
TC PIPELINES LP UT COM LTD PRT 87233q108 226 8,700 SH   SOLE   0 0 8,700
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825R103 2,533 70,855 SH   SOLE   50,000 0 20,855
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 989 24,361 SH   SOLE   0 0 24,361
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 286 5,900 SH   SOLE   0 0 5,900