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
Estimated average burden
hours per response: 23.8
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
ATLANTIC CAP BANCSHARES INC COM 048269203 10,392 693,726 SH   SOLE 0 693,726 0
BANC CALIF INC COM 05990K106 26,315 1,799,900 SH   SOLE 0 1,799,900 0
BANCFIRST CORP COM 05945F103 13,182 224,880 SH   SOLE 0 224,880 0
BANCORPSOUTH INC COM 059692103 30,784 1,283,220 SH   SOLE 0 1,283,220 0
BANKUNITED INC COM 06652K103 33,559 930,631 SH   SOLE 0 930,631 0
BANNER CORP COM NEW 06652V208 37,538 818,538 SH   SOLE 0 818,538 0
BNC BANCORP COM 05566T101 38,407 1,513,287 SH   SOLE 0 1,513,287 0
CALIX INC COM 13100M509 2,601 330,478 SH   SOLE 330,478 0 0
CARDINAL FINL CORP COM 14149F109 5,772 253,734 SH   SOLE 0 253,734 0
CENTERSTATE BANKS INC COM 15201P109 41,402 2,645,489 SH   SOLE 0 2,645,489 0
COLUMBIA BKG SYS INC COM 197236102 39,979 1,229,731 SH   SOLE 0 1,229,731 0
COLUMBUS MCKINNON CORP N Y COM 199333105 2,374 125,620 SH   SOLE 125,620 0 0
COMERICA INC COM 200340107 32,065 766,562 SH   SOLE 0 766,562 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 135 7,200 SH   SOLE 7,200 0 0
EAGLE BANCORP INC MD COM 268948106 37,773 748,428 SH   SOLE 0 748,428 0
ENCORE WIRE CORP COM 292562105 2,070 55,807 SH   SOLE 55,807 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 9,766 437,727 SH   SOLE 0 437,727 0
FURMANITE CORPORATION COM 361086101 1,307 196,289 SH   SOLE 196,289 0 0
GLACIER BANCORP INC NEW COM 37637Q105 20,023 754,722 SH   SOLE 0 754,722 0
GREEN PLAINS PARTNERS LP COM REP PTR IN 393221106 4,442 273,335 SH   SOLE 273,335 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 17,819 1,077,323 SH   SOLE 0 1,077,323 0
HANCOCK HLDG CO COM 410120109 31,581 1,254,706 SH   SOLE 0 1,254,706 0
HERITAGE FINL CORP WASH COM 42722X106 35,709 1,895,391 SH   SOLE 0 1,895,391 0
HOME BANCSHARES INC COM 436893200 26,236 647,493 SH   SOLE 0 647,493 0
IBERIABANK CORP COM 450828108 36,431 661,548 SH   SOLE 0 661,548 0
INFINITY PPTY & CAS CORP COM 45665Q103 1,901 23,122 SH   SOLE 23,122 0 0
ISHARES TR MSCI EAFE ETF 464287465 528 9,000 SH   SOLE 9,000 0 0
ISHARES TR SELECT DIVID ETF 464287168 714 9,500 SH   SOLE 9,500 0 0
JOHNSON & JOHNSON COM 478160104 313 3,050 SH   SOLE 3,050 0 0
KLX INC COM 482539103 2,268 73,650 SH   SOLE 73,650 0 0
KULICKE & SOFFA INDS INC COM 501242101 1,628 139,500 SH   SOLE 139,500 0 0
LIBBEY INC COM 529898108 1,001 46,958 SH   SOLE 46,958 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 273 3,765 SH   SOLE 3,765 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,358 20,000 SH   SOLE 20,000 0 0
MANITOWOC INC COM 563571108 556 36,200 SH   SOLE 36,200 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 378 10,890 SH   SOLE 10,890 0 0
NATIONAL BK HLDGS CORP CL A 633707104 32,232 1,508,271 SH   SOLE 0 1,508,271 0
NATIONAL COMM CORP COM 63546L102 6,861 273,902 SH   SOLE 0 273,902 0
PACWEST BANCORP DEL COM 695263103 22,047 511,527 SH   SOLE 0 511,527 0
PEOPLES UTAH BANCORP COM 712706209 3,364 195,481 SH   SOLE 0 195,481 0
PINNACLE FINL PARTNERS INC COM 72346Q104 14,438 281,120 SH   SOLE 0 281,120 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 645 47,500 SH   SOLE 47,500 0 0
PROCTER & GAMBLE CO COM 742718109 203 2,560 SH   SOLE 2,560 0 0
REGIONS FINL CORP NEW COM 7591EP100 42,403 4,416,939 SH   SOLE 0 4,416,939 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 129 2,800 SH   SOLE 2,800 0 0
SANDY SPRING BANCORP INC COM 800363103 41,076 1,523,598 SH   SOLE 0 1,523,598 0
SEMGROUP CORP CL A 81663A105 1,515 52,500 SH   SOLE 52,500 0 0
SOUTH ST CORP COM 840441109 35,636 495,287 SH   SOLE 0 495,287 0
STATE BK FINL CORP COM 856190103 2,065 98,188 SH   SOLE 98,188 0 0
SUNTRUST BKS INC COM 867914103 29,600 690,949 SH   SOLE 0 690,949 0
SYNOVUS FINL CORP COM NEW 87161C501 52,856 1,632,372 SH   SOLE 0 1,632,372 0
TESCO CORP COM 88157K101 1,643 227,000 SH   SOLE 227,000 0 0
UMPQUA HLDGS CORP COM 904214103 36,682 2,307,049 SH   SOLE 0 2,307,049 0
UNITED CMNTY BANCORP IND COM 90984R101 1,112 74,167 SH   SOLE 74,167 0 0
VANGUARD WORLD FDS INF TECH ETF 92204a702 260 2,400 SH   SOLE 2,400 0 0
VERITEX HLDGS INC COM 923451108 5,442 335,702 SH   SOLE 0 335,702 0
WASTE MGMT INC DEL COM 94106L109 322 6,030 SH   SOLE 6,030 0 0