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
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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 303 12,000 SH   SOLE   12,000 0 0
Nextera Energy Cap PFD 65339k704 201 8,000 SH   SOLE   8,000 0 0
Stanley Black & Decker PFD 854502705 305 12,000 SH   SOLE   12,000 0 0
3M Company COM 88579y101 9,827 46,818 SH   SOLE   46,818 0 0
AT&T Corp. COM 00206R102 8,245 210,503 SH   SOLE   210,503 0 0
AbbVie Inc. COM 00287y109 11,929 134,246 SH   SOLE   134,246 0 0
Activision Blizzard Inc. COM 00507V109 10,364 160,671 SH   SOLE   160,671 0 0
Allstate COM 020002101 10,225 111,258 SH   SOLE   111,258 0 0
Alphabet Class-C Share COM 02079K107 677 706 SH   SOLE   706 0 0
Alphabet Inc. Class A COM 02079k305 14,131 14,513 SH   SOLE   14,513 0 0
Amazon.Com Inc. COM 023135106 12,658 13,167 SH   SOLE   13,167 0 0
Amgen COM 031162100 10,458 56,092 SH   SOLE   56,092 0 0
Apple Inc. COM 037833100 15,516 100,676 SH   SOLE   100,676 0 0
Arthur J. Gallagher & Co. COM 363576109 777 12,630 SH   SOLE   12,630 0 0
AutoZone Inc. COM 053332102 297 500 SH   SOLE   500 0 0
BB&T Corporation COM 054937107 371 7,909 SH   SOLE   7,909 0 0
BP PLC ADR COM 055622104 5,082 132,262 SH   SOLE   132,262 0 0
Bank Of America Corp COM 060505104 286 11,308 SH   SOLE   11,308 0 0
Baxter International Inc. COM 071813109 9,123 145,400 SH   SOLE   145,400 0 0
Berkshire Hathaway Inc. Cl B COM 084670702 9,904 54,031 SH   SOLE   54,031 0 0
Bristol Myers Squibb COM 110122108 357 5,610 SH   SOLE   5,610 0 0
CVS Health Corp COM 126650100 8,651 106,385 SH   SOLE   106,385 0 0
Cardinal Health Inc. COM 14149y108 254 3,800 SH   SOLE   3,800 0 0
Carolina Financial Group COM 143873107 947 26,400 SH   SOLE   26,400 0 0
Caterpillar Inc Del COM 149123101 10,457 83,852 SH   SOLE   83,852 0 0
Celgene COM 151020104 1,848 12,675 SH   SOLE   12,675 0 0
Chevron Corp COM 166764100 8,163 69,475 SH   SOLE   69,475 0 0
Cisco Systems COM 17275R102 10,041 298,577 SH   SOLE   298,577 0 0
Coca-Cola Co. COM 191216100 835 18,560 SH   SOLE   18,560 0 0
DXC Technology Company COM 23355L106 2,546 29,651 SH   SOLE   29,651 0 0
Delta Air Lines COM 247361702 514 10,660 SH   SOLE   10,660 0 0
Digital Realty Trust Inc. COM 253868103 5,901 49,873 SH   SOLE   49,873 0 0
DowDuPont COM 26078j100 7,650 110,509 SH   SOLE   110,509 0 0
Duke Energy Corp. COM 26441c204 4,974 59,277 SH   SOLE   59,277 0 0
Evercore Inc. COM 29977a105 7,579 94,452 SH   SOLE   94,452 0 0
Exelon Corp COM 30161N101 2,019 53,610 SH   SOLE   53,610 0 0
Exxon Mobil Corp. COM 30231g102 7,293 88,966 SH   SOLE   88,966 0 0
Facebook Inc. COM 30303m102 10,780 63,094 SH   SOLE   63,094 0 0
FedEx Corp COM 31428X106 11,070 49,077 SH   SOLE   49,077 0 0
First Bancorp NC COM 318910106 729 21,206 SH   SOLE   21,206 0 0
Fiserv Inc. COM 337738108 10,955 84,954 SH   SOLE   84,954 0 0
Ford Motor Co. COM 345370860 180 15,100 SH   SOLE   15,100 0 0
General Dynamics COM 369550108 10,736 52,224 SH   SOLE   52,224 0 0
General Elec Co. COM 369604103 7,447 308,016 SH   SOLE   308,016 0 0
Goldman Sachs Group COM 38141G104 978 4,125 SH   SOLE   4,125 0 0
Halliburton Co. COM 406216101 7,652 166,258 SH   SOLE   166,258 0 0
Home Depot Inc. COM 437076102 10,891 66,589 SH   SOLE   66,589 0 0
Host Hotels and Resorts COM 44107P104 1,898 102,680 SH   SOLE   102,680 0 0
Humana Inc. COM 444859102 9,868 40,506 SH   SOLE   40,506 0 0
IShares Russell Mid-Cap Index COM 464287499 788 3,998 SH   SOLE   3,998 0 0
International Paper COM 460146103 7,593 133,650 SH   SOLE   133,650 0 0
Ishares Trust GR Index Fund COM 464287648 205 1,148 SH   SOLE   1,148 0 0
J. P. Morgan COM 46625H100 10,243 107,253 SH   SOLE   107,253 0 0
Japan (iShares MSCI Index) COM 46434G822 256 4,600 SH   SOLE   4,600 0 0
Johnson & Johnson COM 478160104 9,238 71,061 SH   SOLE   71,061 0 0
Lam Research COM 512807108 13,889 75,064 SH   SOLE   75,064 0 0
Lowe's Companies Inc. COM 548661107 415 5,196 SH   SOLE   5,196 0 0
MSCI EAFE ETF COM 464287465 657 9,605 SH   SOLE   9,605 0 0
Manitowoc Inc Com COM 563571108 180 20,000 SH   SOLE   20,000 0 0
Marathon Oil Group COM 565849106 4,681 345,246 SH   SOLE   345,246 0 0
Medtronic PLC COM G5960L103 8,853 113,844 SH   SOLE   113,844 0 0
Merck & Co. COM 58933y105 1,004 15,685 SH   SOLE   15,685 0 0
Microsoft Corp. COM 594918104 10,633 142,754 SH   SOLE   142,754 0 0
NVR Inc. COM 62944T105 10,326 3,617 SH   SOLE   3,617 0 0
Omnicom Group Inc. COM 681919106 2,507 33,848 SH   SOLE   33,848 0 0
PNC Financial Services Group COM 693475105 9,982 74,072 SH   SOLE   74,072 0 0
Parker Hannifin COM 701094104 8,609 49,190 SH   SOLE   49,190 0 0
Pepsico Inc. COM 713448108 7,958 71,422 SH   SOLE   71,422 0 0
Pfizer Inc. COM 717081103 208 5,829 SH   SOLE   5,829 0 0
Priceline Group Inc. COM 741503403 8,661 4,731 SH   SOLE   4,731 0 0
Procter & Gamble COM 742718109 8,637 94,941 SH   SOLE   94,941 0 0
Qualcomm Inc. COM 747525103 811 15,645 SH   SOLE   15,645 0 0
R2000 ETF COM 464287655 513 3,467 SH   SOLE   3,467 0 0
Schlumberger Limited COM 806857108 4,936 70,767 SH   SOLE   70,767 0 0
Skyworks Solutions Inc. COM 83088m102 7,857 77,113 SH   SOLE   77,113 0 0
Standard & Poors Depository Re COM 78462F103 221 880 SH   SOLE   880 0 0
TJX Cos. Inc. COM 872540109 293 3,983 SH   SOLE   3,983 0 0
Textron Inc. COM 883203101 9,863 183,070 SH   SOLE   183,070 0 0
Tyson Foods, Inc. COM 902494103 10,574 150,100 SH   SOLE   150,100 0 0
U.S. Bancorp COM 902973304 9,897 184,697 SH   SOLE   184,697 0 0
UnitedHealth Group Inc. COM 91324P102 10,264 52,411 SH   SOLE   52,411 0 0
Verizon Communications COM 92343v104 796 16,091 SH   SOLE   16,091 0 0
Visa Inc. COM 92826c839 12,340 117,259 SH   SOLE   117,259 0 0
Walt Disney Co. COM 254687106 8,964 90,946 SH   SOLE   90,946 0 0
Welbilt Inc COM 949090104 391 17,000 SH   SOLE   17,000 0 0
Wells Fargo & Co. COM 949746101 9,502 172,303 SH   SOLE   172,303 0 0
Western Digital Corp. COM 958102105 12,080 139,816 SH   SOLE   139,816 0 0
DFA Inv. Dimension Grp MMF 23320384p 268 7,439 SH   SOLE   7,439 0 0
DFA US Core Equity 2 MMF 233203397 230 11,271 SH   SOLE   11,271 0 0
DFA intl Core Eq Fd MMF 233203371 315 22,624 SH   SOLE   22,624 0 0
Franklin Dynatech Fd Cl A MMF 353496680 204 3,183 SH   SOLE   3,183 0 0