| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FIDUCIARY INCOME TAX PREPARATION | 554 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC. | 2,824 | 6,516 |
| AFLAC INC. | 3,769 | 4,792 |
| ALTRIA GROUP INC. | 2,795 | 7,276 |
| AMERICAN BEACON S/C VALUE FUND IS | ||
| AMERICAN ELECTRIC POWER INC. | 5,304 | 8,741 |
| AMGEN INC. | 8,137 | 8,117 |
| APPLE INC. | 11,395 | 10,526 |
| AT&T INC. | 4,454 | 5,678 |
| CHEVRON CORP. | 5,188 | 6,297 |
| CHUBB CORP. | 3,577 | 8,622 |
| CISCO SYS INC. | 7,135 | 6,789 |
| COHEN & STEERS REALTY SHARES | ||
| CONOCOPHILLIPS | 7,717 | 5,136 |
| CORNING INC. | 6,984 | 5,484 |
| CREDIT SUISSE COMMODITY RETURN STRAT | ||
| CSX CORP | 6,463 | 4,541 |
| CUMMINS INC. | 7,365 | 4,401 |
| DOMINION RESOURCES INC. | ||
| EMERSON ELECTRIC CO. | 4,661 | 4,783 |
| FORD MOTOR CO. | 6,252 | 5,636 |
| FRANKLIN SMALL CAP GROWTH FUND ADV | 16,324 | 15,236 |
| GENERAL DYNAMICS CORP. | 7,046 | 6,868 |
| GOLDMAN SACHS M/C VALUE-INST | ||
| HOME DEPOT INC. | 1,807 | 8,596 |
| HOST HOTELS & RESORTS INC. | 7,254 | 4,602 |
| INTEL CORP. | 3,891 | 7,579 |
| J P MORGAN CHASE & CO. | 6,945 | 7,263 |
| JOHNSON & JOHNSON | 4,288 | 7,704 |
| ELI LILLY & CO. | 3,706 | 9,269 |
| LYONDELLBASELL INDUSTRIES N SHS - A | 6,485 | 6,952 |
| MACY'S INC. | 6,566 | 3,498 |
| MCDONALDS CORP. | 5,117 | 8,270 |
| MICROSOFT CORP. | 3,995 | 9,432 |
| NATIONAL OILWELL VARCO INC. | ||
| NEXTERA ENERGY INC. | 3,487 | 6,753 |
| NORFOLK SOUTHERN CORP. | 3,218 | 5,075 |
| PEPSICO INC. | 4,490 | 6,994 |
| PPG INDUSTRIES INC. | 1,971 | 5,929 |
| PROCTER & GAMBLE CO. | 4,169 | 5,559 |
| QUALCOMM INC. | 3,812 | 4,999 |
| ROYAL DUTCH SHELL PLC | 6,377 | 5,495 |
| SEAGATE TECHNOLOGY | 8,179 | 4,399 |
| TARGET CORP. | 2,558 | 3,631 |
| TEVA PHARMACEUTICAL INDS LTD | 7,445 | 8,533 |
| TRAVELERS COMPANIES INC. | 6,972 | 7,336 |
| T ROWE PRICE MID CAP GWTH FD | 26,514 | 33,712 |
| UNITED TECHNOLOGIES CORP. | 3,580 | 5,284 |
| VALERO ENERGY CORP. | 7,515 | 10,607 |
| VERIZON COMMUNICATIONS | 4,453 | 6,933 |
| WAL MART STORES INC. | 6,075 | 4,291 |
| WALGREENS BOOTS ALLIANCE INC. | 6,146 | 6,812 |
| WELLS FARGO & CO. | 6,980 | 6,795 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FEDERATED INST HIGH YIELD BOND FUND | AT COST | 10,931 | 10,416 |
| FEDERATED INTL LEADERS INST | AT COST | 31,875 | 30,555 |
| FEDERATED INTMD CORP BD FD | AT COST | 31,164 | 31,198 |
| FEDERATED ULTRA SHORT BD | AT COST | 30,000 | 30,000 |
| FIDELITY SPARTAN INTMD TREAS | AT COST | 31,164 | 31,222 |
| HARBOR INT'L FUND | AT COST | 27,256 | 30,369 |
| JP MORGAN MTGE BACK SEC-SEL | AT COST | 18,179 | 18,211 |
| MERGER FUND | AT COST | 5,300 | 5,293 |
| NEUBERGER BERMAN INCOME FUND | AT COST | ||
| OPPENHEIMER DEVELOPING MKTS CI Y | AT COST | 14,388 | 12,242 |
| OPPENHEIMER SR FLOAT RATE INSTL | AT COST | 12,985 | 13,002 |
| T ROWE PRICE INTL DISCOVERY | AT COST | 7,933 | 8,264 |
| VANGUARD I/T BOND INDEX ADM | AT COST | 109 | 109 |
| VANGUARD I/T INV GRADE ADM | AT COST | 38,877 | 36,448 |
| VANGUARD S/T BOND INDEX SIG | AT COST | 96,089 | 96,224 |
| VANGUARD S/T INV GRADE ADM | AT COST | 14 | 14 |
| VANGUARD MID-CAP VALUE INDEX | AT COST | 33,825 | 33,316 |
| VANGUARD SMALL-CAP VALUE INDEX | AT COST | 15,375 | 15,101 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM BROKERS | 72,443 | 10,102 | 10,102 |
| Description | Amount |
|---|---|
| LOSS ON SALE OF 810.743 SHS AMERICAN BEACON S/C | 1,856 |
| LOSS ON SALE OF 1,348.609 SHS CREDIT SUISSE COMM | 2,117 |
| LOSS ON SALE OF 184.432 SHS FRANKLIN SMALL CAP GR | 170 |
| LOSS ON SALE OF 835.038 SHS GOLDMAN SACHS M/C VAL | 1,228 |
| LOSS ON SALE OF 115 SHS NATIONAL OILWELL VARCO INC | 3,775 |
| LOSS ON SALE OF 936.455 SHS NEUBERGER BERMAN INC | 965 |
| LOSS ON SALE OF 59.370 SHS OPPENHEIMER DEV MKTS | 295 |
| LOSS ON SALE OF 5,588.305 SHS VANGUARD S/T BD IND | 1,549 |
| LOSS ON SALE OF 3,112.622 SHS VANGUARD I/T BD IND | 1,418 |
| LOSS ON SALE OF 7,067.805 SHS VANGUARD S/T INV GR | 2,112 |
| ADJUSTING ENTRY | 971 |
| Description | Amount |
|---|---|
| GAIN ON SALE OF 88.913 SHS COHEN & STEERS REALTY | 1,279 |
| GAIN ON SALE OF 90 SHS DOMINION RES INC VA | 2,319 |
| GAIN ON SALE OF 54.763 SHS T. ROWE PRICE INTL DISC | 145 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX WITHHELD | 242 | 242 | ||
| 2014 FEDERAL EXCISE | 693 | |||
| PENALTIES | 13 |