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
BB&T PFD 054937602 300 12,000 SH   SOLE   12,000 0 0
Nextera Energy Cap Pfd PFD 65339k704 201 8,000 SH   SOLE   8,000 0 0
Stanley Black & Decker PFD 854502705 306 12,000 SH   SOLE   12,000 0 0
3M Company COM 88579y101 10,121 48,619 SH   SOLE   48,619 0 0
AT&T Corp. COM 00206R102 7,784 206,316 SH   SOLE   206,316 0 0
AbbVie Inc. COM 00287y109 10,274 141,701 SH   SOLE   141,701 0 0
Activision Blizzard Inc. COM 00507V109 9,860 171,275 SH   SOLE   171,275 0 0
Allstate COM 020002101 10,182 115,137 SH   SOLE   115,137 0 0
Alphabet Class-C Share COM 02079K107 778 857 SH   SOLE   857 0 0
Alphabet Inc. Class A COM 02079k305 14,211 15,286 SH   SOLE   15,286 0 0
Amazon.Com Inc. COM 023135106 12,342 12,750 SH   SOLE   12,750 0 0
Amgen COM 031162100 9,988 57,993 SH   SOLE   57,993 0 0
Apple Inc. COM 037833100 15,288 106,155 SH   SOLE   106,155 0 0
Arthur J. Gallagher & Co. COM 363576109 987 17,255 SH   SOLE   17,255 0 0
BB&T Corporation COM 054937107 359 7,909 SH   SOLE   7,909 0 0
BP PLC ADR COM 055622104 4,450 128,455 SH   SOLE   128,455 0 0
Bank Of America Corp COM 060505104 229 9,458 SH   SOLE   9,458 0 0
Baxter International Inc. COM 071813109 9,048 149,461 SH   SOLE   149,461 0 0
Berkshire Hathaway Inc. Cl B COM 084670702 9,444 55,762 SH   SOLE   55,762 0 0
Bristol Myers Squibb COM 110122108 346 6,210 SH   SOLE   6,210 0 0
CVS Health Corp COM 126650100 8,850 110,004 SH   SOLE   110,004 0 0
Cardinal Health Inc. COM 14149y108 642 8,250 SH   SOLE   8,250 0 0
Carolina Financial Group COM 143873107 853 26,400 SH   SOLE   26,400 0 0
Caterpillar Inc Del COM 149123101 9,308 86,620 SH   SOLE   86,620 0 0
Celgene COM 151020104 1,831 14,100 SH   SOLE   14,100 0 0
Chevron Corp COM 166764100 7,301 69,981 SH   SOLE   69,981 0 0
Cisco Systems COM 17275R102 9,783 312,562 SH   SOLE   312,562 0 0
Coca-Cola Co. COM 191216100 832 18,560 SH   SOLE   18,560 0 0
DXC Technology Company COM 23355L106 2,970 38,721 SH   SOLE   38,721 0 0
Delta Air Lines COM 247361702 611 11,385 SH   SOLE   11,385 0 0
Dominion Resources, Inc. COM 25746U109 246 3,220 SH   SOLE   3,220 0 0
Dow Chemical Co. COM 260543103 7,178 113,813 SH   SOLE   113,813 0 0
Duke Energy Corp. COM 26441c204 5,013 59,979 SH   SOLE   59,979 0 0
Evercore Partners Inc. COM 29977a105 7,157 101,523 SH   SOLE   101,523 0 0
Exelon Corp COM 30161N101 2,375 65,850 SH   SOLE   65,850 0 0
Exxon Mobil Corp. COM 30231g102 7,570 93,781 SH   SOLE   93,781 0 0
Facebook Inc. COM 30303m102 9,886 65,480 SH   SOLE   65,480 0 0
FedEx Corp COM 31428X106 11,006 50,644 SH   SOLE   50,644 0 0
First Bancorp NC COM 318910106 725 23,206 SH   SOLE   23,206 0 0
Fiserv Inc. COM 337738108 10,859 88,769 SH   SOLE   88,769 0 0
Ford Motor Co. COM 345370860 174 15,550 SH   SOLE   15,550 0 0
General Dynamics COM 369550108 10,773 54,385 SH   SOLE   54,385 0 0
General Elec Co. COM 369604103 314 11,645 SH   SOLE   11,645 0 0
Goldman Sachs Group COM 38141G104 940 4,240 SH   SOLE   4,240 0 0
Halliburton Co. COM 406216101 7,059 165,284 SH   SOLE   165,284 0 0
Home Depot Inc. COM 437076102 10,774 70,237 SH   SOLE   70,237 0 0
Host Hotels and Resorts COM 44107P104 6,805 372,492 SH   SOLE   372,492 0 0
Humana Inc. COM 444859102 10,119 42,058 SH   SOLE   42,058 0 0
IShares Russell Mid-Cap Index COM 464287499 748 3,895 SH   SOLE   3,895 0 0
International Paper COM 460146103 7,917 139,862 SH   SOLE   139,862 0 0
J. P. Morgan COM 46625H100 10,038 109,831 SH   SOLE   109,831 0 0
Japan (iShares MSCI Index) COM 46434G822 254 4,750 SH   SOLE   4,750 0 0
Johnson & Johnson COM 478160104 9,701 73,331 SH   SOLE   73,331 0 0
KeyCorp COM 493267108 286 15,275 SH   SOLE   15,275 0 0
Lam Research COM 512807108 11,299 79,893 SH   SOLE   79,893 0 0
Lowe's Companies Inc. COM 548661107 414 5,346 SH   SOLE   5,346 0 0
MSCI EAFE ETF COM 464287465 583 8,950 SH   SOLE   8,950 0 0
Manitowoc Inc Com COM 563571108 120 20,000 SH   SOLE   20,000 0 0
Marathon Oil Group COM 565849106 4,786 403,883 SH   SOLE   403,883 0 0
Medtronic PLC COM G5960L103 10,323 116,319 SH   SOLE   116,319 0 0
Merck & Co. COM 58933y105 1,196 18,670 SH   SOLE   18,670 0 0
Microsoft Corp. COM 594918104 10,378 150,567 SH   SOLE   150,567 0 0
NVR Inc. COM 62944T105 9,439 3,916 SH   SOLE   3,916 0 0
Omnicom Group Inc. COM 681919106 4,825 58,205 SH   SOLE   58,205 0 0
PNC Financial Services Group COM 693475105 9,450 75,686 SH   SOLE   75,686 0 0
Parker Hannifin COM 701094104 7,939 49,675 SH   SOLE   49,675 0 0
Pepsico Inc. COM 713448108 8,594 74,421 SH   SOLE   74,421 0 0
Pfizer Inc. COM 717081103 238 7,089 SH   SOLE   7,089 0 0
Priceline Group Inc. COM 741503403 9,380 5,015 SH   SOLE   5,015 0 0
Procter & Gamble COM 742718109 8,472 97,217 SH   SOLE   97,217 0 0
Public Storage Inc. COM 74460D109 5,382 25,810 SH   SOLE   25,810 0 0
Qualcomm Inc. COM 747525103 9,165 165,985 SH   SOLE   165,985 0 0
R2000 ETF COM 464287655 451 3,205 SH   SOLE   3,205 0 0
Schlumberger Limited COM 806857108 6,051 91,906 SH   SOLE   91,906 0 0
Simon PPTY Group COM 828806109 808 5,000 SH   SOLE   5,000 0 0
Standard & Poors Depository Re COM 78462F103 212 880 SH   SOLE   880 0 0
SunTrust Banks Inc. COM 867914103 219 3,870 SH   SOLE   3,870 0 0
TJX Cos. Inc. COM 872540109 294 4,083 SH   SOLE   4,083 0 0
Textron Inc. COM 883203101 8,923 189,466 SH   SOLE   189,466 0 0
Tyson Foods, Inc. COM 902494103 9,900 158,073 SH   SOLE   158,073 0 0
U.S. Bancorp COM 902973304 9,790 188,578 SH   SOLE   188,578 0 0
UnitedHealth Group Inc. COM 91324P102 10,076 54,344 SH   SOLE   54,344 0 0
Verizon Communications COM 92343v104 1,114 24,961 SH   SOLE   24,961 0 0
Visa Inc. COM 92826c839 11,584 123,525 SH   SOLE   123,525 0 0
Walt Disney Co. COM 254687106 10,013 94,244 SH   SOLE   94,244 0 0
Welbilt Inc COM 949090104 377 20,000 SH   SOLE   20,000 0 0
Wells Fargo & Co. COM 949746101 8,972 161,932 SH   SOLE   161,932 0 0
Western Digital Corp. COM 958102105 12,608 142,305 SH   SOLE   142,305 0 0
DFA Inv. Dimension Grp MMF 23320384p 244 7,133 SH   SOLE   7,133 0 0
DFA US Core Equity 2 MMF 233203397 205 10,445 SH   SOLE   10,445 0 0
DFA intl Core Eq Fd MMF 233203371 283 21,538 SH   SOLE   21,538 0 0