President

0001420506-18-000783.txt : 20180815 0001420506-18-000783.hdr.sgml : 20180815 20180815095152 ACCESSION NUMBER: 0001420506-18-000783 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20180815 DATE AS OF CHANGE: 20180815 EFFECTIVENESS DATE: 20180815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALEM INVESTMENT COUNSELORS INC CENTRAL INDEX KEY: 0000884423 IRS NUMBER: 561225913 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03405 FILM NUMBER: 181019968 BUSINESS ADDRESS: STREET 1: POP BOX 25427 CITY: WINSTON SALEM STATE: NC ZIP: 27114-5427 BUSINESS PHONE: 3367687230 MAIL ADDRESS: STREET 1: PO BOX 25427 CITY: WINSTON-SALEM STATE: NC ZIP: 27114-5427 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0000884423 XXXXXXXX 06-30-2018 06-30-2018 false SALEM INVESTMENT COUNSELORS INC

PO BOX 25427 WINSTON-SALEM NC 27114-5427

13F HOLDINGS REPORT 028-03405 N David B. Rea President 3367687230 David B. Rea, President WINSTON-SALEM NC 08-15-2018 0 548 1093085 false INFORMATION TABLE 2 Form13F_InfoTable.xml INFORMATION TABLE FOR SALEM INVESTMENT COUNSELORS INC 3D Sys Corp. common 88554D205 6 450 SH SOLE 450 0 0 3M Company common 88579Y101 18457 93825 SH SOLE 93825 0 0 ABB LTD common 000375204 11 500 SH SOLE 500 0 0 Abbott Laboratories common 002824100 4899 80317 SH SOLE 80317 0 0 Abraxas Petroleum CO common 003830106 154 53294 SH SOLE 53294 0 0 Abbvie, Inc. common 00287Y109 7862 84857 SH SOLE 84857 0 0 Accenture PLC CL A common G1151C101 6439 39360 SH SOLE 39360 0 0 Access National Corp common 004337101 23 806 SH SOLE 806 0 0 Activision Blizzard common 00507V109 32 416 SH SOLE 416 0 0 Acuity Brands, Inc. common 00508Y102 487 4207 SH SOLE 4207 0 0 Adams Express Company common 006212104 24 1555 SH SOLE 1555 0 0 Adient PLC common G0084W101 2115 42998 SH SOLE 42998 0 0 Advance Auto Parts, Inc. common 00751Y106 692 5100 SH SOLE 5100 0 0 Advansix Inc. common 00773T101 0 7 SH SOLE 7 0 0 Aegon N V common 007924103 1 211 SH SOLE 211 0 0 Agilent Technologies, Inc. common 00846U101 160 2589 SH SOLE 2589 0 0 AGNC Investment C common 00123Q104 59 3200 SH SOLE 3200 0 0 Akoustic Technologie common 00973N102 1034 142275 SH SOLE 142275 0 0 Alexion Pharma Inc common 015351109 4073 32810 SH SOLE 32810 0 0 Alibaba Group Holding common 01609W102 5146 27736 SH SOLE 27736 0 0 Allegion Public Limited Company common G0176J109 4 50 SH SOLE 50 0 0 Alliance Bernstein Global common 01879R106 14 1200 SH SOLE 1200 0 0 Alliance One International Inc common 018772301 209 8017 SH SOLE 8017 0 0 Allied Motion Techs, Inc. common 019330109 0 4 SH SOLE 4 0 0 Allison Transmission Holding common 01973R101 363 9300 SH SOLE 9300 0 0 Allstate Corp. common 020002101 14 150 SH SOLE 150 0 0 Alphabet, Inc. CL A common 02079K305 16346 14476 SH SOLE 14476 0 0 Alphabet, Inc. CL C common 02079K107 208999 187334 SH SOLE 187334 0 0 Altria Group, Inc. common 02209S103 1624 28601 SH SOLE 28601 0 0 AMER 1st Multifamily LP common 02364V107 6 1000 SH SOLE 1000 0 0 Amazon Com, Inc. common 023135106 30304 17828 SH SOLE 17828 0 0 AMER Electric PWR CO common 025537101 351 5070 SH SOLE 5070 0 0 American Airlines Group common 02376R102 1081 28470 SH SOLE 28470 0 0 American Express CO common 025816109 303 3093 SH SOLE 3093 0 0 American INTL Group common 026874784 5 100 SH SOLE 100 0 0 Amerisourcebergen Corp. common 03073E105 17 200 SH SOLE 200 0 0 Amgen Incorporated common 031162100 156 843 SH SOLE 843 0 0 Anadarko Petroleum Corp. common 032511107 37 500 SH SOLE 500 0 0 Analog Devices, Inc. common 032654105 44 459 SH SOLE 459 0 0 Annaly Capital Management common 035710409 83 8057 SH SOLE 8057 0 0 Anheuser-Busch Inbev common 03524A108 15 150 SH SOLE 150 0 0 Antero Resources Corp. common 03674X106 209 9788 SH SOLE 9788 0 0 Anthem, Inc. common 036752103 179 750 SH SOLE 750 0 0 Apache Corp. common 037411105 234 5000 SH SOLE 5000 0 0 Apple Computer Corp. common 037833100 56152 303343 SH SOLE 303343 0 0 Aqua America, Inc. common 03836W103 70 2000 SH SOLE 2000 0 0 Archer Daniels Midland Co. common 039483102 4 100 SH SOLE 100 0 0 Ares Cap Corp. common 04010L103 186 11320 SH SOLE 11320 0 0 Ashland Globe common 044186104 61 777 SH SOLE 777 0 0 Astrazeneca PLC Fsponsored common 046353108 46 1300 SH SOLE 1300 0 0 AT&T Corp. common 00206R102 2085 64935 SH SOLE 64935 0 0 Autozone, Inc. common 053332102 3 50 SH SOLE 50 0 0 Automatic Data Processing, Inc. common 053015103 370 2756 SH SOLE 2756 0 0 Axogen, Inc. common 05463X106 186 3700 SH SOLE 3700 0 0 Axcelis Technologies Inc common 054540208 14 685 SH SOLE 685 0 0 B2Gold CORP F common 11777Q209 10 3700 SH SOLE 3700 0 0 Baidu, Inc. ADR common 056752108 4045 16646 SH SOLE 16646 0 0 Balchem Corp. common 057665200 10442 127734 SH SOLE 127734 0 0 Baldwin & Lyons CL B common 057755209 2 100 SH SOLE 100 0 0 Bank of America Corp common 060505104 28498 1010931 SH SOLE 1010931 0 0 Bank United Inc. common 06652K103 589 14425 SH SOLE 14425 0 0 Bassett Furniture Industries, Inc. common 070203104 30 1100 SH SOLE 1100 0 0 Baxter International, Inc. common 071813109 337 4560 SH SOLE 4560 0 0 BB&T Corporation common 054937107 16070 318592 SH SOLE 318592 0 0 Becton Dickinson & Co. common 075887109 638 2663 SH SOLE 2663 0 0 Berkshire Hathaway, Inc. CL B common 084670702 33150 177606 SH SOLE 177606 0 0 Berkshire Hathaway, Inc. DEL CL A common 084670108 3589 12 SH SOLE 12 0 0 Bhp Billiton common 088606108 20 450 SH SOLE 450 0 0 Boeing Company common 097023105 696 2075 SH SOLE 2075 0 0 Bojangles, Inc. common 097488100 2 150 SH SOLE 150 0 0 Booking Holdings Inc common 09857L108 35 17 SH SOLE 17 0 0 Boston Beer Co., Inc. Class A common 100557107 30 100 SH SOLE 100 0 0 Boston Scientific Co. common 101137107 4529 138491 SH SOLE 138491 0 0 Bovie Medical Corp common 10211F100 264 60757 SH SOLE 60757 0 0 BP PLC Sponsored ADR common 055622104 16 345 SH SOLE 345 0 0 Bristol Myers Squibb Co. common 110122108 4876 88105 SH SOLE 88105 0 0 Broadridge Financial Solution common 11133T103 17 150 SH SOLE 150 0 0 Brookfield Infra Partners common G16252101 2 45 SH SOLE 45 0 0 Buckeye Partners LP common 118230101 471 13390 SH SOLE 13390 0 0 Canadian Nat. Res. Ltd. common 136385101 664 18400 SH SOLE 18400 0 0 Canadian National Railways common 136375102 122 1497 SH SOLE 1497 0 0 Canon, Inc. ADR common 138006309 37 1141 SH SOLE 1141 0 0 Capital One Financial Corp. common 14040H105 879 9564 SH SOLE 9564 0 0 Carbo Ceramics common 140781105 0 5 SH SOLE 5 0 0 Cardinal Health, Inc. common 14149Y108 10 200 SH SOLE 200 0 0 Carmax, Inc. common 143130102 25 400 SH SOLE 400 0 0 Cass Information Systems, Inc. common 14808P109 0 4 SH SOLE 4 0 0 Caterpillar, Inc. common 149123101 4001 29494 SH SOLE 29494 0 0 CBS Corporation common 124857202 8 150 SH SOLE 150 0 0 CDK Global Holdings LLC common 12508E101 55 846 SH SOLE 846 0 0 Celgene Corp. common 151020104 87 1100 SH SOLE 1100 0 0 Cenovus Energy common 15135U109 2 257 SH SOLE 257 0 0 Centerstate Banks common 15201P109 47 1583 SH SOLE 1583 0 0 Century CMNTYS INC. common 156504300 3435 108885 SH SOLE 108885 0 0 CenturyLink, Inc. common 156700106 3 136 SH SOLE 136 0 0 Charter Communications CLA common 16119P108 1 4 SH SOLE 4 0 0 Chemours Company common 163851108 42 942 SH SOLE 942 0 0 Chesapeake Energy Co common 165167107 5 890 SH SOLE 890 0 0 Chevron Corporation common 166764100 4230 33459 SH SOLE 33459 0 0 Church & Dwight Co., Inc. common 171340102 27 500 SH SOLE 500 0 0 Churchill Downs Inc common 171484108 59 200 SH SOLE 200 0 0 Cigna Corporation common 125509109 32 190 SH SOLE 190 0 0 Cincinnati Financial Corp common 172062101 88 1323 SH SOLE 1323 0 0 Cisco Systems, Inc. common 17275R102 15510 360454 SH SOLE 360454 0 0 Citigroup, Inc. common 172967424 14446 215874 SH SOLE 215874 0 0 Clearone Inc. common 18506U104 27 7095 SH SOLE 7095 0 0 Clorox Company common 189054109 170 1256 SH SOLE 1256 0 0 CME Group, Inc. common 12572Q105 14 90 SH SOLE 90 0 0 Coca-Cola Company common 191216100 5633 128438 SH SOLE 128438 0 0 Coca Cola Bottle Co. common 191098102 6 41 SH SOLE 41 0 0 Cognizant Tech Sol CL A common 192446102 8 100 SH SOLE 100 0 0 Colgate-Palmolive Co. common 194162103 6373 90072 SH SOLE 90072 0 0 Comcast Corp. Class A common 20030N101 1274 37786 SH SOLE 37786 0 0 Conagra Foods, Inc. common 205887102 62 1711 SH SOLE 1711 0 0 ConocoPhillips common 20825C104 2501 35897 SH SOLE 35897 0 0 Constellation Brand common 21036P108 3 50 SH SOLE 50 0 0 Continental Res. Inc. common 212015101 5 80 SH SOLE 80 0 0 Convergys Corp. common 212485106 64 2834 SH SOLE 2834 0 0 Copart, Inc. common 217204106 104 3770 SH SOLE 3770 0 0 Corning Inc common 219350105 23 850 SH SOLE 850 0 0 Crane Company common 224399105 24 300 SH SOLE 300 0 0 Costco Wholesale Corp. common 22160K105 740 3542 SH SOLE 3542 0 0 CSX Corp. common 126408103 410 6430 SH SOLE 6430 0 0 Cullen Frost Bankers common 229899109 37 342 SH SOLE 342 0 0 Cummins, Inc. common 231021106 53 400 SH SOLE 400 0 0 CVS Caremark Corp. common 126650100 10116 157209 SH SOLE 157209 0 0 Cypress Semiconductor Corp. common 232806109 14 900 SH SOLE 900 0 0 Cytosorbents Corporate common 23283X206 148 13000 SH SOLE 13000 0 0 Danaher Corp. common 235851102 9 88 SH SOLE 88 0 0 DCP Midstream Partners common 23311P100 140 4000 SH SOLE 4000 0 0 D R Horton Company common 23331A109 4079 99480 SH SOLE 99480 0 0 D X C Technology Com common 23355L106 35 434 SH SOLE 434 0 0 Data I/O Corp. common 237690102 7 1000 SH SOLE 1000 0 0 Deere & Co., Inc. common 244199105 155 1108 SH SOLE 1108 0 0 Delek US Holdings Inc NE common 24665A103 299 5965 SH SOLE 5965 0 0 Delta Air Lines Inc. common 247361702 10 200 SH SOLE 200 0 0 Dell Technologies common 24703L103 25 300 SH SOLE 300 0 0 Dentsply Intl. Inc. New common 24906P109 525 12000 SH SOLE 12000 0 0 Devon Energy Corp. common 25179M103 2040 46412 SH SOLE 46412 0 0 Diageo PLC New ADR common 25243Q205 132 917 SH SOLE 917 0 0 Digimarc Corp. common 25381B101 8 300 SH SOLE 300 0 0 Digital Realty Trust Reit common 253868103 4 36 SH SOLE 36 0 0 Discover Financial Services common 254709108 3862 54849 SH SOLE 54849 0 0 Discovery Comm Inc Class common 25470F302 11 450 SH SOLE 450 0 0 Disney Co common 254687106 4804 45836 SH SOLE 45836 0 0 Dollar General Corp common 256677105 20 200 SH SOLE 200 0 0 Dominion Resources Inc. - VA common 25746U109 643 9436 SH SOLE 9436 0 0 Dover Corporation common 260003108 362 4949 SH SOLE 4949 0 0 DowDuPont INC common 26078J100 862 13082 SH SOLE 13082 0 0 Drive Shack Inc. common 262077100 1 166 SH SOLE 166 0 0 DROPBOX common 26210C104 47 1450 SH SOLE 1450 0 0 Duke Energy Corporation common 26441C204 1903 24066 SH SOLE 24066 0 0 Eaton Corp common G29183103 469 6271 SH SOLE 6271 0 0 Ebay, Inc. common 278642103 25 680 SH SOLE 680 0 0 Ecolab Inc. common 278865100 92 659 SH SOLE 659 0 0 Edgewell Personal common 28035Q102 25 500 SH SOLE 500 0 0 Edison International common 281020107 76 1200 SH SOLE 1200 0 0 Edwards LifeSciences CP common 28176E108 197 1350 SH SOLE 1350 0 0 Eli Lilly & Company common 532457108 465 6075 SH SOLE 6075 0 0 Emerson Electric common 291011104 1272 18404 SH SOLE 18404 0 0 Enbridge Energy Partners LP common 29250R106 24 2200 SH SOLE 2200 0 0 Enbridge Inc F common 29250N105 620 17372 SH SOLE 17372 0 0 Energen Corp common 29265N108 20 271 SH SOLE 271 0 0 Encana Corp. common 292505104 3 257 SH SOLE 257 0 0 Encore Wire Corp. common 292562105 6 100 SH SOLE 100 0 0 Energy Transfer Equity LP common 29273V100 992 57500 SH SOLE 57500 0 0 Energy Transfer Partners LP common 29278N103 2041 107195 SH SOLE 107195 0 0 Enerplus Corp. F common 292766102 3 200 SH SOLE 200 0 0 Entegra Finl Corp common 29363J108 725 24750 SH SOLE 24750 0 0 Entergy Corp. common 29364G103 8 100 SH SOLE 100 0 0 Enterprise Products Partners common 293792107 7432 268581 SH SOLE 268581 0 0 EOG Resoursces, INC common 26875P101 108 1022 SH SOLE 1022 0 0 Equifax, Inc. common 294429105 88 700 SH SOLE 700 0 0 Equity Residental Reit common 29476L107 32 505 SH SOLE 505 0 0 Equity Commonwealth common 294628102 32 1000 SH SOLE 1000 0 0 Ericsson LM Tel-SP common 294821608 2 200 SH SOLE 200 0 0 Estee Lauder Company common 518439104 2 12 SH SOLE 12 0 0 Evolent Health, Inc. common 30050B101 2242 106490 SH SOLE 106490 0 0 Exlservice Holdings common 302081104 23 400 SH SOLE 400 0 0 Exact Sciences Corp common 30063P105 60 1000 SH SOLE 1000 0 0 Express Scripts, Inc. common 30219G108 37 476 SH SOLE 476 0 0 Extra Space Storage Reit common 30225T102 15 146 SH SOLE 146 0 0 Exxon Mobile Corporation common 30231G102 9149 110594 SH SOLE 110594 0 0 Facebook, Inc. common 30303M102 21730 111827 SH SOLE 111827 0 0 Fastenal Company common 311900104 39 800 SH SOLE 800 0 0 Fedex Corporation common 31428X106 99 434 SH SOLE 434 0 0 Ferrari N V F common N3167Y103 27 200 SH SOLE 200 0 0 Fidelity National Info. Services common 31620M106 80 750 SH SOLE 750 0 0 Fidelity Southern Co. common 316394105 593 23345 SH SOLE 23345 0 0 Fireeye, Inc. common 31816Q101 6 400 SH SOLE 400 0 0 First Bancorp NC common 318910106 44 1080 SH SOLE 1080 0 0 First Citizens Bancshares CL A common 31946M103 2097 5199 SH SOLE 5199 0 0 First Horizon Natl. common 320517105 140 7824 SH SOLE 7824 0 0 Fiserv Inc common 337738108 99 1330 SH SOLE 1330 0 0 Flowers Foods, Inc. common 343498101 8185 392931 SH SOLE 392931 0 0 FLUOR Corporation common 343412102 3316 67975 SH SOLE 67975 0 0 FMC Corporation common 302491303 36 400 SH SOLE 400 0 0 F N B Corporation PA common 302520101 597 44450 SH SOLE 44450 0 0 Ford Motor Company common 345370860 59 5314 SH SOLE 5314 0 0 Fortinet Inc common 34959E109 25 400 SH SOLE 400 0 0 Fortive Corportaion common 34959J108 32 415 SH SOLE 415 0 0 Fortune Brands HM&S common 34964C106 141 2629 SH SOLE 2629 0 0 FREEPORT McMoran INC common 35671D857 26 1500 SH SOLE 1500 0 0 FRP Holdings, Inc. common 30292L107 1 15 SH SOLE 15 0 0 Gabelli Dividend & Incom common 36242H104 45 1979 SH SOLE 1979 0 0 Gabnelli Equity TR Inc. common 362397101 20 3238 SH SOLE 3238 0 0 Gabnelli Health Care and Wellness common 36246K103 2 161 SH SOLE 161 0 0 Galectin Therapeutic common 363225202 1 167 SH SOLE 167 0 0 General Dynamics Corp. common 369550108 1183 6345 SH SOLE 6345 0 0 General Electric Company common 369604103 3178 233484 SH SOLE 233484 0 0 General Mills Inc common 370334104 9 211 SH SOLE 211 0 0 General Motors Corp. common 37045V100 4 100 SH SOLE 100 0 0 Gilead Sciences, Inc. common 375558103 201 2832 SH SOLE 2832 0 0 Glaxosmithkline PLC common 37733W105 245 6083 SH SOLE 6083 0 0 Goldman Sachs Group, Inc. common 38141G104 1103 5002 SH SOLE 5002 0 0 Government Properties Income Reit common 38376A103 8 500 SH SOLE 500 0 0 Grammercy PPTY Trust common 385002308 12 433 SH SOLE 433 0 0 Granite Point Mortga. common 38741L107 2 94 SH SOLE 94 0 0 Green Plains Partner LP common 393221106 84 4800 SH SOLE 4800 0 0 Gulfport Energy Co common 402635304 2 175 SH SOLE 175 0 0 Hanesbrands, Inc. common 410345102 3 148 SH SOLE 148 0 0 Harley Davidson, Inc. common 412822108 60 1415 SH SOLE 1415 0 0 Harris Corporation common 413875105 2 17 SH SOLE 17 0 0 Hawkins, Inc. common 420261109 1 25 SH SOLE 25 0 0 HCA Healthcare Inc. common 40412C101 151 1475 SH SOLE 1475 0 0 HCP, Inc. common 40414L109 10 400 SH SOLE 400 0 0 HDFC Bank Limited common 40415F101 63 600 SH SOLE 600 0 0 Healthcare TR of America common 42225P501 750 27834 SH SOLE 27834 0 0 Herbalife Ltd. common G4412G101 24 450 SH SOLE 450 0 0 Hershey Company common 427866108 36 385 SH SOLE 385 0 0 Hewlet-Packard Ente. common 42824C109 15 1000 SH SOLE 1000 0 0 Highwoods Properties, Inc. REIT common 431284108 2147 42330 SH SOLE 42330 0 0 Hilton Grand Vacations Inc. common 43283X105 215 5000 SH SOLE 5000 0 0 Holly Frontier Corp common 436106108 272 3970 SH SOLE 3970 0 0 Hologic, Inc. common 436440101 8 208 SH SOLE 208 0 0 Home Depot, Inc. common 437076102 2886 14791 SH SOLE 14791 0 0 Honeywell International Incorporated common 438516106 6169 42823 SH SOLE 42823 0 0 HP Inc. common 40434L105 107 4710 SH SOLE 4710 0 0 HSBC Holdings Plc Spon ADR common 404280406 58 1229 SH SOLE 1229 0 0 Hubspot Inc. common 443573100 24 189 SH SOLE 189 0 0 Hubbell Inc. Class B common 443510607 1069 10109 SH SOLE 10109 0 0 Huntington Bancshares, Inc. common 446150104 6 400 SH SOLE 400 0 0 Huntsman Corporation common 447011107 7731 264744 SH SOLE 264744 0 0 HURCO Companies common 447324104 5 100 SH SOLE 100 0 0 ICICI Bank LTD Fsponsored ADR common 45104G104 33 4125 SH SOLE 4125 0 0 I N G Groep N V Fsponsored common 456837103 17 1190 SH SOLE 1190 0 0 Illinois Tool Works common 452308109 95 683 SH SOLE 683 0 0 Illumina Inc common 452327109 1539 5509 SH SOLE 5509 0 0 Infinera Corp. common 45667G103 158 15900 SH SOLE 15900 0 0 Ingersoll-Rand PLC common G47791101 1949 21725 SH SOLE 21725 0 0 Ingevity Corporation common 45688C107 1068 13206 SH SOLE 13206 0 0 Inovio Pharma. common 45773H201 2 500 SH SOLE 500 0 0 Insperity Inc common 45778Q107 16 168 SH SOLE 168 0 0 Intel Corp common 458140100 17139 344780 SH SOLE 344780 0 0 International Business Machines common 459200101 1723 12336 SH SOLE 12336 0 0 International Flavors & Fragrance common 459506101 19 156 SH SOLE 156 0 0 Intuit Inc common 461202103 17 81 SH SOLE 81 0 0 International Paper Co. Com common 460146103 2049 39350 SH SOLE 39350 0 0 International Speedway CL A common 460335201 26 600 SH SOLE 600 0 0 Intuitive Surgical common 46120E602 2606 5446 SH SOLE 5446 0 0 Investors Title Co. common 461804106 4 20 SH SOLE 20 0 0 Invitation Homes Inc common 46187W107 74 3228 SH SOLE 3228 0 0 ITT Inc common 45073V108 5 91 SH SOLE 91 0 0 J B Hunt Transport common 445658107 15 123 SH SOLE 123 0 0 JcPenny Co Inc. common 708160106 0 200 SH SOLE 200 0 0 JM Smucker Company common 832696405 60 560 SH SOLE 560 0 0 John Hanock Investors C common 410142103 5 300 SH SOLE 300 0 0 Johnson & Johnson common 478160104 19566 161250 SH SOLE 161250 0 0 Johnson Controls, Inc. common G51502105 3 83 SH SOLE 83 0 0 JPMorgan Chase & CO common 46625H100 16744 160690 SH SOLE 160690 0 0 Kansas City Southern INDS INC. common 485170302 32 300 SH SOLE 300 0 0 KB Home common 48666K109 1347 49450 SH SOLE 49450 0 0 Kellogg Company common 487836108 5739 82134 SH SOLE 82134 0 0 Kemper Corp. common 488401100 16 206 SH SOLE 206 0 0 Kewaunee Scientific Corp. common 492854104 1941 54000 SH SOLE 54000 0 0 Keycorp common 493267108 3 150 SH SOLE 150 0 0 Keysight Technologies, Inc. common 49338L103 83 1407 SH SOLE 1407 0 0 Kimberly-Clark Corp common 494368103 190 1800 SH SOLE 1800 0 0 Kinder Morgan, Inc. common 49456B101 187 10555 SH SOLE 10555 0 0 Knowles Corporation common 49926D109 14 1096 SH SOLE 1096 0 0 Kraft Heinz Company common 500754106 282 4488 SH SOLE 4488 0 0 Kroger Company Common common 501044101 55 1933 SH SOLE 1933 0 0 Laboratory Corp America Holdings common 50540R409 1580 8800 SH SOLE 8800 0 0 Lakeland Industries common 511795106 50 3500 SH SOLE 3500 0 0 Lamb Weston Holdings common 513272104 32 469 SH SOLE 469 0 0 Laredo Pete Inc. common 516806106 2 173 SH SOLE 173 0 0 Las Vegas Sands Corp common 517834107 23 300 SH SOLE 300 0 0 La-Z-Boy, Inc. common 505336107 15 500 SH SOLE 500 0 0 Leggett & Platt, Inc. common 524660107 89 2000 SH SOLE 2000 0 0 Lennar Corp. CL A common 526057104 11319 215595 SH SOLE 215595 0 0 Lennar Corp. CL B common 526057302 5 123 SH SOLE 123 0 0 Liberty All Star Equity Fund common 530158104 7 1084 SH SOLE 1084 0 0 Life Storage Inc common 53223X107 88 900 SH SOLE 900 0 0 Lilly Eli & Co. common 532457108 2288 26819 SH SOLE 26819 0 0 Lincoln National Corp. common 534187109 747 11994 SH SOLE 11994 0 0 Lions Gate Entertainment Corp. common 535919500 1162 49549 SH SOLE 49549 0 0 Live Oak Bancshares common 53803X105 21 700 SH SOLE 700 0 0 Lockheed Martin Corporation common 539830109 137 465 SH SOLE 465 0 0 Louisiana Pacific Corp. common 546347105 883 32430 SH SOLE 32430 0 0 Lowes Companies Inc. common 548661107 25425 266033 SH SOLE 266033 0 0 Lubys, Inc. common 549282101 0 10 SH SOLE 10 0 0 Luna Innovations, Inc. common 550351100 2 635 SH SOLE 635 0 0 Lyondell Basell Industries common N53745100 181 1650 SH SOLE 1650 0 0 M G I C Investment common 552848103 16 1525 SH SOLE 1525 0 0 Macquarie Infrastruc common 55608B105 2 59 SH SOLE 59 0 0 Magellan Midstream Partners common 559080106 1608 23278 SH SOLE 23278 0 0 Manulife Financial Corp. common 56501R106 52 2875 SH SOLE 2875 0 0 Marathon Oil Corp. common 565849106 38 1818 SH SOLE 1818 0 0 Marathon Petroleum Corp. common 56585A102 231 3288 SH SOLE 3288 0 0 Markel Corp Holding common 570535104 1387 1185 SH SOLE 1185 0 0 Martin Marietta MATR common 573284106 3601 16123 SH SOLE 16123 0 0 Maxim Intergrated Pro. common 57772K101 21 350 SH SOLE 350 0 0 McCormick & Co., Inc. common 579780206 23 200 SH SOLE 200 0 0 McDonalds Corporation common 580135101 6793 43355 SH SOLE 43355 0 0 McKesson Corporation common 58155Q103 97 700 SH SOLE 700 0 0 Medtronic PLC common G5960L103 139 1629 SH SOLE 1629 0 0 Merck & Co. common 58933Y105 13140 216479 SH SOLE 216479 0 0 Mercury General Corp. common 589400100 42 925 SH SOLE 925 0 0 Methode Electronics, Inc. Class A common 591520200 725 18000 SH SOLE 18000 0 0 Metlife, Inc. common 59156R108 1835 42080 SH SOLE 42080 0 0 Mettler-Toledo International, Inc. common 592688105 1967 3400 SH SOLE 3400 0 0 Micron Technology common 595112103 15823 301734 SH SOLE 301734 0 0 Micro Focus INT Funsponsored common 594837304 2 136 SH SOLE 136 0 0 Microsoft Corporation common 594918104 42724 433267 SH SOLE 433267 0 0 Mondelez International, Inc. common 609207105 2457 59938 SH SOLE 59938 0 0 Monster Beverage Corp. common 61174X109 42 738 SH SOLE 738 0 0 Moodys Corporation common 615369105 52 303 SH SOLE 303 0 0 Morgan Stanley common 617446448 714 15065 SH SOLE 15065 0 0 Morgan Stanley Emerging Markets Debt common 61744H105 7 800 SH SOLE 800 0 0 Motorola Solutions, Inc. common 620076307 4 42 SH SOLE 42 0 0 Myers Industries Inc. Comm. common 628464109 32 1644 SH SOLE 1644 0 0 Mylan, Inc. common N59465109 36 1000 SH SOLE 1000 0 0 National Fuel Gas Co. common 636180101 58 1100 SH SOLE 1100 0 0 National Oilwell Varco, Inc. common 637071101 109 2500 SH SOLE 2500 0 0 National Retail PPTY common 637417106 22 500 SH SOLE 500 0 0 Navient Corporation common 63938C108 39 3003 SH SOLE 3003 0 0 NCR Corp. New Com common 62886E108 0 6 SH SOLE 6 0 0 Netflix Inc. common 64110L106 7445 19020 SH SOLE 19020 0 0 New Media Inv. Group, Inc. common 64704V106 1 72 SH SOLE 72 0 0 New Residential Inv. Corp. common 64828T201 9 500 SH SOLE 500 0 0 New York Mortgage Trust common 649604501 6 1000 SH SOLE 1000 0 0 Newell Rubbermaid, Inc. common 651229106 41 1590 SH SOLE 1590 0 0 Nextera Energy, Inc. common 65339F101 1497 8961 SH SOLE 8961 0 0 Nielsen Holdings PLC common G6518L108 43 1375 SH SOLE 1375 0 0 Nike, Inc. CL B common 654106103 1107 13895 SH SOLE 13895 0 0 Nisource, Inc. common 65473P105 72 3000 SH SOLE 3000 0 0 Norfolk Southern Corp. common 655844108 712 4716 SH SOLE 4716 0 0 Northern Technologies Intl. common 665809109 42 1854 SH SOLE 1854 0 0 Northern Trust Corp common 665859104 103 1000 SH SOLE 1000 0 0 Northrop Grumman Corp. common 666807102 28 92 SH SOLE 92 0 0 NovaGold Resources, Inc. common 66987E206 1 300 SH SOLE 300 0 0 Novartis A G Spon ADR F common 66987V109 336 4444 SH SOLE 4444 0 0 Novo-Nordisk A-S ADR common 670100205 60 1300 SH SOLE 1300 0 0 Nuance Commun Inc. common 67020Y100 9 640 SH SOLE 640 0 0 Nucor Corp. common 670346105 56 890 SH SOLE 890 0 0 Nuveen AMP Free Quality common 670657105 8 580 SH SOLE 580 0 0 Nvidia Corp common 67066G104 3495 14753 SH SOLE 14753 0 0 O G E Energy CP Hldg. Co. common 670837103 70 2000 SH SOLE 2000 0 0 Oaktree Capital GP LLC common 674001201 1873 46086 SH SOLE 46086 0 0 Occidental Pete. Corp. common 674599105 88 1052 SH SOLE 1052 0 0 Ocean Power Technologies, Inc. common 674870407 0 200 SH SOLE 200 0 0 Old Dominion Freight Lines common 679580100 5 32 SH SOLE 32 0 0 Old Rep. Intl. Corp. common 680223104 274 13785 SH SOLE 13785 0 0 ONEOK Inc. common 682680103 7 98 SH SOLE 98 0 0 Oracle Corp. common 68389X105 472 10722 SH SOLE 10722 0 0 P G & E Corp. common 69331C108 21 500 SH SOLE 500 0 0 Paccar Inc common 693718108 34 550 SH SOLE 550 0 0 Palatin Technologies common 696077403 0 150 SH SOLE 150 0 0 Patriot Transportation Holding, Inc. common 70338W105 1039 48342 SH SOLE 48342 0 0 Paychex, Inc. common 704326107 88 1285 SH SOLE 1285 0 0 Paypal Holdings common 70450Y103 5474 65739 SH SOLE 65739 0 0 Pentair Ltd. common 710577107 9 225 SH SOLE 225 0 0 Perspecta Inc. common 715347100 4 216 SH SOLE 216 0 0 Peoples Bancorp NC common 710577107 226 7068 SH SOLE 7068 0 0 Pepsico, Inc. common 713448108 29203 268239 SH SOLE 268239 0 0 Pfizer, Inc. common 717081103 10163 280129 SH SOLE 280129 0 0 Philip Morris International, Inc. common 718172109 3028 37504 SH SOLE 37504 0 0 Phillips 66 common 718546104 1611 14346 SH SOLE 14346 0 0 Pinnacle Finl Partnr common 72346Q104 40 660 SH SOLE 660 0 0 Pioneer Natural Res. Co. common 723787107 711 3756 SH SOLE 3756 0 0 Piper Jaffray Cos. common 724078100 4 52 SH SOLE 52 0 0 Plains All American Pipeline LP common 726503105 7 308 SH SOLE 308 0 0 PNC Financial Services common 693475105 429 3174 SH SOLE 3174 0 0 Potbelly Corp. common 73754Y100 68 5239 SH SOLE 5239 0 0 PPG Industries, Inc. common 693506107 82 790 SH SOLE 790 0 0 PRA Health Sciences common 69354M108 400 4280 SH SOLE 4280 0 0 Praxair, Inc. common 74005P104 316 2000 SH SOLE 2000 0 0 Primo Water Corporation common 74165N105 92 5274 SH SOLE 5274 0 0 Procter & Gamble Co. common 742718109 10096 129331 SH SOLE 129331 0 0 Progressive Corp Ohio common 743315103 12 200 SH SOLE 200 0 0 Prosperity Bancshares common 743606105 16 228 SH SOLE 228 0 0 Prudential Financial, Inc. common 744320102 32 338 SH SOLE 338 0 0 Pub Serv Ent Group, Inc. common 744573106 36 668 SH SOLE 668 0 0 PulteGroup, Inc. common 745867101 316 10700 SH SOLE 10700 0 0 Putnam Premier Income CF common 746853100 25 4813 SH SOLE 4813 0 0 QORVO, Inc. common 74736K101 2 25 SH SOLE 25 0 0 Qualcomm, Inc. common 747525103 6577 117193 SH SOLE 117193 0 0 Quality Care Property common 747545101 2 80 SH SOLE 80 0 0 Quintana Energy Services Inc. common 74875T103 41 4200 SH SOLE 4200 0 0 Radian Group, Inc. common 750236101 12 725 SH SOLE 725 0 0 Raymond James Financial common 754730109 18 200 SH SOLE 200 0 0 Raytheon Company common 755111507 132 684 SH SOLE 684 0 0 Realty Income Corporation common 756109104 13 239 SH SOLE 239 0 0 Regions Financial Corp. common 7591EP100 162 9098 SH SOLE 9098 0 0 Renasant Corp. common 75970E107 68 1493 SH SOLE 1493 0 0 Rent A Center Inc. common 76009N100 52 3500 SH SOLE 3500 0 0 Restaurant Brands common 76131D103 15 250 SH SOLE 250 0 0 RGC Res., Inc. common 74955L103 10 406 SH SOLE 406 0 0 Rio Tinto PLC Spon common 767204100 2101 37875 SH SOLE 37875 0 0 Roku Inc. Class A common 77543R102 30 700 SH SOLE 700 0 0 R P C Inc. common 749660106 1 75 SH SOLE 75 0 0 Roper Technologies common 776696106 3457 12528 SH SOLE 12528 0 0 Royal Bank CDA Montreal common 780087102 407 5400 SH SOLE 5400 0 0 Royal Caribbean Cruise common V7780T103 73 700 SH SOLE 700 0 0 Royal Dutch Shell A ADRF common 780259206 129 1866 SH SOLE 1866 0 0 Royal Dutch Shell B ADRF common 780259107 22 300 SH SOLE 300 0 0 Salesforce Com common 79466L302 3051 22369 SH SOLE 22369 0 0 Sandy Spring Bancorp common 800363103 11 269 SH SOLE 269 0 0 Sandstorm Gold LTD common 80013R206 1 220 SH SOLE 220 0 0 Scana Corp. common 80589M102 65 1700 SH SOLE 1700 0 0 Schlumberger Ltd. common 806857108 105 1563 SH SOLE 1563 0 0 Charles Schwab Corp common 808513105 4639 90792 SH SOLE 90792 0 0 Scotts Miracle Group common 810186106 146 1750 SH SOLE 1750 0 0 Selective Ins. Group, Inc. common 816300107 4 72 SH SOLE 72 0 0 Sempra Energy common 816851109 523 4505 SH SOLE 4505 0 0 Service Now Inc common 81762P102 34 196 SH SOLE 196 0 0 Sherwin Williams Co. common 824348106 204 500 SH SOLE 500 0 0 Sigma Designs, Inc. common 826565103 0 50 SH SOLE 50 0 0 SkyWorks Solutions common 83088M102 271 2800 SH SOLE 2800 0 0 SLM Corporation common 78442P106 34 3003 SH SOLE 3003 0 0 SOC Quimica Miner common 833635105 2 40 SH SOLE 40 0 0 Sonoco Products common 835495102 5456 103919 SH SOLE 103919 0 0 South Jersey Industries common 838518108 68 2040 SH SOLE 2040 0 0 South State Corp. common 840441109 1134 13147 SH SOLE 13147 0 0 Southwest Airlines common 844741108 1162 22843 SH SOLE 22843 0 0 Spartan Motors common 846819100 18 1025 SH SOLE 1025 0 0 Splunk, Inc. common 848637104 972 9805 SH SOLE 9805 0 0 Sprint Corp. common 85207U105 1 202 SH SOLE 202 0 0 Sprott Physial Gold ETV common 85207H104 41 4030 SH SOLE 4030 0 0 Square, Inc. common 852234103 62 1000 SH SOLE 1000 0 0 Stanley Black & Decker common 854502101 32 238 SH SOLE 238 0 0 Starbucks Corp. common 855244109 2965 60700 SH SOLE 60700 0 0 Starwood PPTY Trust Riet common 85571B105 22 1000 SH SOLE 1000 0 0 Stericycle, Inc. common 858912108 527 9000 SH SOLE 9000 0 0 Stifel Financial Col. common 860630102 16 300 SH SOLE 300 0 0 Stitch Fix Inc. common 860897107 3 100 SH SOLE 100 0 0 State Street Corp common 857477103 23 246 SH SOLE 246 0 0 Stryker Corporation common 863667101 336 1987 SH SOLE 1987 0 0 Suncor Energy, Inc. common 867224107 17 415 SH SOLE 415 0 0 Sun Life Financial common 866796105 120 3000 SH SOLE 3000 0 0 Suntrust Banks, Inc. common 867914103 572 8668 SH SOLE 8668 0 0 SVB Financial Group, Inc. common 78486Q101 741 2567 SH SOLE 2567 0 0 Symantec Corp. common 871503108 2 112 SH SOLE 112 0 0 Synalloy Corp. common 871565107 0 5 SH SOLE 5 0 0 Synchrony Financial common 87165B103 11 328 SH SOLE 328 0 0 Synovus Financial Corp. common 87161C501 925 17512 SH SOLE 17512 0 0 Sysco Corporation common 871829107 3921 57416 SH SOLE 57416 0 0 T. Rowe Price Group, Inc. common 74144T108 158 1362 SH SOLE 1362 0 0 Tableau Software, Inc. common 87336U105 24 250 SH SOLE 250 0 0 Tandem Diabetes Care common 875372203 44 2000 SH SOLE 2000 0 0 Tanger Fact. Outlet Ctrs common 875465106 40 1700 SH SOLE 1700 0 0 Tapestry Inc. common 876030107 37 800 SH SOLE 800 0 0 Targa Resources Corp. common 87612G101 92 1855 SH SOLE 1855 0 0 Target Corporation common 87612E106 104 1370 SH SOLE 1370 0 0 Tech Data Corp. common 878237106 41 500 SH SOLE 500 0 0 Templeton Emerging Markets Income common 880192109 12 1200 SH SOLE 1200 0 0 Templeton Global Income common 880198106 43 7000 SH SOLE 7000 0 0 Tempur-Pedic Intl. Inc. common 88023U101 387 8550 SH SOLE 8550 0 0 Tenneco Inc. New common 880349105 0 7 SH SOLE 7 0 0 Teradata Corp. common 88076W103 0 6 SH SOLE 6 0 0 Teva Pharmaceutical common 881624209 133 5475 SH SOLE 5475 0 0 Textron, Inc. common 883203101 86 1300 SH SOLE 1300 0 0 Thermo Fisher Scientific Corp. common 883556102 106 510 SH SOLE 510 0 0 Tiffany & Co common 886547108 171 1300 SH SOLE 1300 0 0 TJX Companies common 872540109 15 157 SH SOLE 157 0 0 Toll Brothers Inc common 889478103 9 250 SH SOLE 250 0 0 Tootsie Roll Inds. Inc. common 890516107 0 8 SH SOLE 8 0 0 Torch Mark Corporation common 891027104 505 6000 SH SOLE 6000 0 0 Total SA Spons ADR common 89151E109 4183 69070 SH SOLE 69070 0 0 Toyota Auto common 892331307 6219 48279 SH SOLE 48279 0 0 Transcanada Corporation common 89353D107 2037 47150 SH SOLE 47150 0 0 Transocean, Inc. common H8817H100 0 26 SH SOLE 26 0 0 Travelers Cos., Inc. common 89417E109 54 440 SH SOLE 440 0 0 Tri Continental Corp common 895436103 39 1468 SH SOLE 1468 0 0 Triangle Capital Corp. common 895848109 23 2000 SH SOLE 2000 0 0 Trilogy Metals Inc common 89621C105 0 50 SH SOLE 50 0 0 Trinity Industries common 896522109 17 500 SH SOLE 500 0 0 Twitter, Inc. common 90184L102 1950 44645 SH SOLE 44645 0 0 U S Silica HLDGS Inc common 90346E103 15 600 SH SOLE 600 0 0 Ubiquiti Networks common 90347A100 4456 52598 SH SOLE 52598 0 0 Under Armour, Inc. CL A common 904311107 2 100 SH SOLE 100 0 0 Under Armour, Inc. CL C common 904311206 1 100 SH SOLE 100 0 0 Unifirst Corporation - Mass common 904708104 2243 12681 SH SOLE 12681 0 0 Unilever N V NY Shars common 904784709 72 1300 SH SOLE 1300 0 0 Union Pacific Corp. common 907818108 414 2920 SH SOLE 2920 0 0 United Health Group, Inc. common 91324P102 606 2469 SH SOLE 2469 0 0 United Parcel Service CL B common 911312106 65 609 SH SOLE 609 0 0 United Technologies Corp. common 913017109 18136 145056 SH SOLE 145056 0 0 Urban Outfitters Inc. common 917047102 1 25 SH SOLE 25 0 0 US Bancorp common 902973304 16 312 SH SOLE 312 0 0 US Steel common 912909108 35 1000 SH SOLE 1000 0 0 Valero Energy Corp common 91913Y100 452 4082 SH SOLE 4082 0 0 Valley National Banc common 919794107 6315 519292 SH SOLE 519292 0 0 Valvoline Inc common 92047W101 46 2133 SH SOLE 2133 0 0 Vectrus Inc common 92242T101 0 9 SH SOLE 9 0 0 Verifone Systems, Inc. common 92342Y109 5 200 SH SOLE 200 0 0 Verisign, Inc. common 92343E102 55 400 SH SOLE 400 0 0 Verizon Communications common 92343V104 1012 20118 SH SOLE 20118 0 0 Vermilion Energy, Inc. common 923725105 9 250 SH SOLE 250 0 0 Vertex Pharmaceutica common 92532F100 363 2134 SH SOLE 2134 0 0 VF Corporation common 918204108 1553 19051 SH SOLE 19051 0 0 VMWare, Inc. common 928563402 51 350 SH SOLE 350 0 0 Visa, Inc. common 92826C839 1795 13556 SH SOLE 13556 0 0 Vulcan Materials Company common 929160109 813 6300 SH SOLE 6300 0 0 W P Carey & Co. LLC common 92936U109 128 1926 SH SOLE 1926 0 0 Wabash National Corp. common 929566107 2187 117200 SH SOLE 117200 0 0 Waddell & Reed Financial common 930059100 3 174 SH SOLE 174 0 0 Walgreen's Boots Alliance, Inc. common 931427108 9834 163846 SH SOLE 163846 0 0 Wal-Mart Stores, Inc. common 931142103 13465 157215 SH SOLE 157215 0 0 Waste Management, Inc. common 94106L109 585 7195 SH SOLE 7195 0 0 Waters Corp common 941848103 58 300 SH SOLE 300 0 0 Wells Fargo & Co. common 949746101 4694 84669 SH SOLE 84669 0 0 Western Gas Partners LP common 958254104 43 1000 SH SOLE 1000 0 0 Western Union Co. common 959802109 30 1500 SH SOLE 1500 0 0 Westpac Banking Ltd. common 961214301 11 500 SH SOLE 500 0 0 Westrock Company common 96145D105 5050 88565 SH SOLE 88565 0 0 Weyco Group, Inc. common 962149100 1 25 SH SOLE 25 0 0 Weyerhaeuser Company common 962166104 6 160 SH SOLE 160 0 0 Wheaton Precious Met F common 962879102 117 5283 SH SOLE 5283 0 0 WGL Holdings, Inc. common 92924F106 29 342 SH SOLE 342 0 0 Whirlpool Corp common 963320106 8 58 SH SOLE 58 0 0 Williams Sonoma common 969904101 2 40 SH SOLE 40 0 0 WorkHouse Group Inc. common 98138J206 4 2000 SH SOLE 2000 0 0 World Fuel Service common 981475106 123 5000 SH SOLE 5000 0 0 Worthington Industries, Inc. common 981811102 113 2699 SH SOLE 2699 0 0 W P P PLC ADR common 92937A102 1 18 SH SOLE 18 0 0 WPX Energy common 98212B103 2 100 SH SOLE 100 0 0 WW Grainger Inc common 384802104 185 600 SH SOLE 600 0 0 Wyndham Hotels & Resorts common 98311A105 273 4635 SH SOLE 4635 0 0 Xbiotech Inc. common 98400H102 2 500 SH SOLE 500 0 0 Xylem Inc common 98419M100 12 181 SH SOLE 181 0 0 York Water Company common 987184108 1 25 SH SOLE 25 0 0 Yum Brands, Inc. common 988498101 1511 19321 SH SOLE 19321 0 0 Yum China Holdings common 98850P109 743 19321 SH SOLE 19321 0 0 Zimmer Biomet Holdings common 98956P102 64 577 SH SOLE 577 0 0 Zions Bancorporation common 989701107 5 100 SH SOLE 100 0 0 Zoes Kitchen, Inc. common 98979J109 3 200 SH SOLE 200 0 0 Zoetis Inc. common 98978V103 33 400 SH SOLE 400 0 0