| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,366 | 6,261 | 1,105 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 8000 SHS AES CORPORATION | 91,347 | 104,000 |
| 925 SHS AFLAC INC. | 40,381 | 48,822 |
| 4235 SHS ALASKA COMMUNICATIONS SYSTEMS | 48,137 | 45,029 |
| 7050 SHS ALCOA INC. | 0 | 0 |
| 4000 SHS ALLSTATE CORPORATION | 0 | 0 |
| 3950 SHS ALTRIA GROUP, INC. | 88,759 | 102,819 |
| 1520 SHS AMEREN CORP. | 43,395 | 42,666 |
| 1400 SHS AMERISOURCEBERGEN CORP. | 44,463 | 55,384 |
| 3000 SHS APOLLO GROUP, INC. | 131,699 | 125,130 |
| 4000 SHS APPLIED MATLS INCORPORATED | 0 | 0 |
| 5000 SHS AQUA AMERICA INC COM | 81,206 | 114,450 |
| 2000 SHS ATWOOD OCEANICS INCORPORATED | 0 | 0 |
| 1525 SHS BANK NOVA SCOTIA HALIFAX | 0 | 0 |
| 1380 SHS BCE, INC. | 46,132 | 50,149 |
| 3100 SHS BE AEROSPACE, INC. | 92,367 | 110,143 |
| 2820 SHS BLACKSTONE GROUP | 53,282 | 50,422 |
| 825 SHS BP PLC SPONSORED ADR | 0 | 0 |
| 1625 SHS BRISTOL MYERS SQUIBB CO. | 43,431 | 42,949 |
| 6700 SHS BROWN SHOE INC. | 87,985 | 81,874 |
| 1300 SHS CARDINAL HEALTH INC. | 46,371 | 53,469 |
| 1425 SHS CELLCOM ISRAEL LIMITED | 46,148 | 47,196 |
| 1279 SHS CENTURYLINK INC. | 41,662 | 53,142 |
| 1700 SHS CHEVRON CORP. | 138,429 | 182,733 |
| 1500 SHS CINCINNATI FINL CORP. | 48,245 | 49,185 |
| 6405 SHS CITIGROUP, INC. | 32,444 | 28,310 |
| 1000 SHS COCA COLA COMPANY | 0 | 0 |
| 3555 SHS COMMUNITY BANK SYS INC. | 89,943 | 86,280 |
| 2500 SHS CONAGRA FOODS, INC. | 57,970 | 59,375 |
| 5579 SHS CONOCOPHILLIPS | 235,271 | 445,539 |
| 6000 SHS DEAN FOODS COMP. | 62,609 | 60,000 |
| 4000 SHS DELL INC. | 68,391 | 58,040 |
| 1275 SHS DIAGEO PLC SPON ADR NEW | 92,734 | 97,181 |
| 1100 SHS DOMINION RES INC. | 42,711 | 49,170 |
| 1275 SHS DTE ENERGY COMPANY | 0 | 0 |
| 2500 SHS ENCANA CORP. | 72,535 | 86,325 |
| 3450 SHS ENERPLUS RES FD | 88,308 | 109,227 |
| 675 SHS ENI S P A SPONSORED ADR | 0 | 0 |
| 4000 SHS EXXON MOBIL CORPORATION | 75,780 | 336,520 |
| 3675 SHS FIDELITY NATIONAL FINANCING | 0 | 0 |
| 4000 SHS FORMFACTOR INC. | 38,723 | 41,160 |
| 4000 SHS FRONTLINE LIMITED | 108,825 | 99,080 |
| 730 SHS GENERAL DYNAMICS CORP | 0 | 0 |
| 1075 SHS GENUINE PARTS COMP | 42,099 | 57,663 |
| 2000 SHS GILEAD SCIENCES INC. | 81,762 | 84,940 |
| 700 SHS GOODRICH CORP | 37,118 | 59,871 |
| 4000 SHS HEINZ H J COMPANY | 136,509 | 195,280 |
| 1050 SHS HONEYWELL INTERNATIONAL INC. | 42,129 | 62,696 |
| 3245 SHS HUNTSMAN CORP. | 42,788 | 56,398 |
| 1000 SHS KELLOGG COMP. | 52,019 | 53,980 |
| 4000 SHS KNIGHT CAPITAL CORP | 0 | 0 |
| 605 SHS L-3 COMMUNICATIONS HLDGS INC. | 0 | 0 |
| 1850 SHS LOWES COS INC. | 42,596 | 48,896 |
| 1500 SHS MARTIN MARIETTA MATLS INCORPORATED | 126,154 | 134,505 |
| 1405 SHS MECHEL OAO SPONSORED ADR | 47,984 | 43,260 |
| 1190 SHS MERCK | 43,276 | 39,282 |
| 2535 SHS NEW YORK CMNTY BANCORP, INC. | 48,084 | 43,754 |
| 2000 SHS NORDIC AMERICAN TANKERS LIMITED | 59,535 | 49,680 |
| 825 SHS OCCIDENTAL PETE CORP. | 0 | 0 |
| 440 SHS PETROCHINA COMPANY LIMITED SPONSORED ADR | 0 | 0 |
| 4000 SHS PFIZER INC COM | 71,869 | 81,240 |
| 2000 SHS PLAINS EXPL& PRODTN COMPANY | 57,115 | 72,460 |
| 375 SHS POSCO SPONSORED ADR | 0 | 0 |
| 20000 SHS PRIME MERIDIAN BANK | 200,000 | 200,000 |
| 725 SHS PROCTOR & GAMBLE CO. | 44,437 | 44,660 |
| 8300 SHS QWEST COMMUNICATIONS INTERNATIONAL | 44,143 | 56,689 |
| 995 SHS RAYTHEON CO | 0 | 0 |
| 2000 SHS RANGE RES CORP. | 70,273 | 116,920 |
| 880 SHS ROYAL BANK CDA MONTREAL QUE | 48,145 | 54,534 |
| 1450 SHS ROYAL DUTCH SHELL PLC SPONS ADR | 84,927 | 106,198 |
| 8955 SHS SARA LEE CORPORATION | 0 | 0 |
| 815 SHS SYNGENTA AG ADR | 42,652 | 53,114 |
| 4000 SHS SYMANTEX CORP. | 65,835 | 74,160 |
| 2000 SHS SYSCO CORP. | 55,672 | 55,400 |
| 2950 SHS TATA MTRS LIMITED | 0 | 0 |
| 5600 SHS TECO ENERGY INC. | 93,441 | 105,056 |
| 75340 SHS THOMASVILLE BANCSHARES | 436,423 | 1,469,130 |
| 3800 SHS TITANIUM METALS CORP | 0 | 0 |
| 880 SHS TRAVELERS COMPANIES, INC. | 47,727 | 52,342 |
| 3225 SHS TURKCELL ILETISIM | 0 | 0 |
| 1625 SHS UGI CORP. | 45,761 | 53,463 |
| 3091 SHS VECTOR GROUP LIMITED | 42,808 | 53,443 |
| 4000 SHS VERIZON COMMUNICATIONS | 108,389 | 154,160 |
| 1000 SHS WAL MART STORES INC COM | 0 | 0 |
| 7970 SHS WINDSTREAM CORP | 87,137 | 102,654 |
| 2325 SHS ANNALY MTG MGMT INC. | 43,436 | 40,571 |
| 2325 SHS ISHARES MSCI PACIFIC EX-JAPAN INDEX FUND | 0 | 0 |
| 900 SHS VANGUARD INFORMATION TECH | 0 | 0 |
| 1770 SHS POWERSHARES QQQ TRUST UNIT SERIES 1 | 92,504 | 101,650 |
| 875 SHS SPDR DOW JONES INDUSTRIAL AVERAGE | 104,951 | 107,642 |
| 810 SHS SPDR S&P 500 ETF TRUST | 105,647 | 107,397 |
| 615 SHS SPDR S&P MIDCAP 400 ETF TRUST | 105,874 | 110,423 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 102 | 87 | 15 | |
| OFFICE EXPENSE | 8,561 | 7,277 | 1,284 | |
| EDUCATION/TRAINING | 700 | 595 | 105 | |
| DUES | 1,000 | 850 | 150 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SECURITIES LITIGATION | 8 | 8 | 8 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | 94,428 | 94,428 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX EXPENSE | 2,636 | 2,636 | 0 |