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
BANC CALIF INC COM 05990K106 20,584 1,794,597 SH   SOLE 0 1,794,597 0
BANCFIRST CORP COM 05945F103 19,852 313,172 SH   SOLE 0 313,172 0
BANCORPSOUTH INC COM 059692103 39,958 1,775,136 SH   SOLE 0 1,775,136 0
BANKUNITED INC COM 06652K103 25,912 894,447 SH   SOLE 0 894,447 0
BANNER CORP COM NEW 06652V208 47,925 1,114,006 SH   SOLE 0 1,114,006 0
BNC BANCORP COM 05566T101 25,999 1,510,681 SH   SOLE 0 1,510,681 0
CALLAWAY GOLF CO COM 131193104 1,232 160,000 SH   SOLE 160,000 0 0
CARDINAL FINL CORP COM 14149F109 14,115 711,787 SH   SOLE 0 711,787 0
CENTERSTATE BANKS INC COM 15201P109 36,163 3,036,384 SH   SOLE 0 3,036,384 0
COLUMBIA BKG SYS INC COM 197236102 42,929 1,554,852 SH   SOLE 0 1,554,852 0
COLUMBUS MCKINNON CORP N Y COM 199333105 5,829 207,874 SH   SOLE 207,874 0 0
COMERICA INC COM 200340107 41,004 875,405 SH   SOLE 0 875,405 0
EAGLE BANCORP INC MD COM 268948106 35,817 1,008,361 SH   SOLE 0 1,008,361 0
EMERSON ELEC CO COM 291011104 1,543 25,000 SH   SOLE 25,000 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 375 10,890 SH   SOLE 10,890 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 16,972 1,053,532 SH   SOLE 0 1,053,532 0
FIRST SEC GROUP INC COM NEW 336312202 11,224 4,966,505 SH   SOLE 0 4,966,505 0
FURMANITE CORPORATION COM 361086101 1,226 156,735 SH   SOLE 156,735 0 0
GENERAL MLS INC COM 370334104 1,378 25,844 SH   SOLE 25,844 0 0
GLACIER BANCORP INC NEW COM 37637Q105 23,991 863,932 SH   SOLE 0 863,932 0
HANCOCK HLDG CO COM 410120109 14,870 484,378 SH   SOLE 0 484,378 0
HERITAGE FINL CORP WASH COM 42722X106 38,129 2,172,590 SH   SOLE 0 2,172,590 0
HOME BANCSHARES INC COM 436893200 24,201 752,534 SH   SOLE 0 752,534 0
IBERIABANK CORP COM 450828108 44,100 680,032 SH   SOLE 0 680,032 0
INFINITY PPTY & CAS CORP COM 45665Q103 2,840 36,761 SH   SOLE 36,761 0 0
ISHARES TR MSCI EAFE ETF 464287465 548 9,000 SH   SOLE 9,000 0 0
ISHARES TR SELECT DIVID ETF 464287168 993 12,500 SH   SOLE 12,500 0 0
JOHNSON & JOHNSON COM 478160104 2,180 20,850 SH   SOLE 20,850 0 0
KULICKE & SOFFA INDS INC COM 501242101 1,591 110,000 SH   SOLE 110,000 0 0
LIBBEY INC COM 529898108 3,322 105,666 SH   SOLE 105,666 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 5,954 83,983 SH   SOLE 83,983 0 0
MANITOWOC INC COM 563571108 2,168 98,095 SH   SOLE 98,095 0 0
NATIONAL BK HLDGS CORP CL A 633707104 33,906 1,746,822 SH   SOLE 0 1,746,822 0
PINNACLE FINL PARTNERS INC COM 72346Q104 12,732 322,000 SH   SOLE 0 322,000 0
PINNACLE FOODS INC DEL COM 72348P104 4,271 121,005 SH   SOLE 121,005 0 0
PNC FINL SVCS GROUP INC COM 693475105 38,371 420,600 SH   SOLE 0 420,600 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 963 55,000 SH   SOLE 55,000 0 0
PROCTER & GAMBLE CO COM 742718109 2,147 23,565 SH   SOLE 23,565 0 0
REGIONS FINL CORP NEW COM 7591EP100 51,754 4,900,913 SH   SOLE 0 4,900,913 0
SANDY SPRING BANCORP INC COM 800363103 47,454 1,819,552 SH   SOLE 0 1,819,552 0
SHOE CARNIVAL INC COM 824889109 2,968 115,532 SH   SOLE 115,532 0 0
SOUTH ST CORP COM 840441109 52,636 784,680 SH   SOLE 0 784,680 0
SQUARE 1 FINL INC CL A 85223W101 12,306 498,212 SH   SOLE 0 498,212 0
STATE BK FINL CORP COM 856190103 21,908 1,096,481 SH   SOLE 0 1,096,481 0
SUNCOR ENERGY INC NEW COM 867224107 4,508 141,838 SH   SOLE 141,838 0 0
SUNOCO LP COM U REP LP 86765K109 4,974 99,933 SH   SOLE 99,933 0 0
SUNTRUST BKS INC COM 867914103 31,308 747,202 SH   SOLE 0 747,202 0
TEAM INC COM 878155100 1,586 39,201 SH   SOLE 39,201 0 0
TORTOISE MLP FD INC COM 89148B101 223 8,000 SH   SOLE 8,000 0 0
TRISTATE CAP HLDGS INC COM 89678F100 8,159 796,792 SH   SOLE 0 796,792 0
TRONOX LTD SHS CL A Q9235V101 2,241 93,853 SH   SOLE 93,853 0 0
UMB FINL CORP COM 902788108 38,006 668,064 SH   SOLE 0 668,064 0
UMPQUA HLDGS CORP COM 904214103 35,443 2,083,650 SH   SOLE 0 2,083,650 0
UNION BANKSHARES CORP NEW COM 90539J109 27,453 1,140,086 SH   SOLE 0 1,140,086 0
UNITED CMNTY BANCORP IND COM 90984R101 863 74,167 SH   SOLE 74,167 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,567 14,092 SH   SOLE 14,092 0 0
VANGUARD WORLD FDS INF TECH ETF 92204a702 251 2,400 SH   SOLE 2,400 0 0
VERITEX HLDGS INC COM 923451108 5,678 400,699 SH   SOLE 0 400,699 0
WASTE MGMT INC DEL COM 94106L109 1,952 38,030 SH   SOLE 38,030 0 0
WHITING PETE CORP NEW COM 966387102 1,683 51,000 SH   SOLE 51,000 0 0