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 19,014 1,634,940 SH   SOLE 0 1,634,940 0
BANCFIRST CORP COM 05945F103 19,544 312,403 SH   SOLE 0 312,403 0
BANCORPSOUTH INC COM 059692103 33,784 1,677,467 SH   SOLE 0 1,677,467 0
BANKUNITED INC COM 06652K103 29,446 965,765 SH   SOLE 0 965,765 0
BANNER CORP COM NEW 06652V208 41,137 1,069,314 SH   SOLE 0 1,069,314 0
BNC BANCORP COM 05566T101 22,818 1,457,097 SH   SOLE 0 1,457,097 0
CALLAWAY GOLF CO COM 131193104 1,158 160,000 SH   SOLE 160,000 0 0
CARDINAL FINL CORP COM 14149F109 12,120 710,040 SH   SOLE 0 710,040 0
CENTERSTATE BANKS INC COM 15201P109 30,617 2,958,187 SH   SOLE 0 2,958,187 0
CLEARFIELD INC COM 18482P103 905 71,117 SH   SOLE 71,117 0 0
CLICKSOFTWARE TECHNOLOGIES L ORD M25082104 479 59,600 SH   SOLE 59,600 0 0
COLUMBIA BKG SYS INC COM 197236102 37,739 1,521,116 SH   SOLE 0 1,521,116 0
COLUMBUS MCKINNON CORP N Y COM 199333105 4,294 195,271 SH   SOLE 195,271 0 0
COMERICA INC COM 200340107 40,903 820,348 SH   SOLE 0 820,348 0
DENBURY RES INC COM NEW 247916208 2,953 196,500 SH   SOLE 196,500 0 0
EAGLE BANCORP INC MD COM 268948106 33,070 1,039,282 SH   SOLE 0 1,039,282 0
EMERSON ELEC CO COM 291011104 1,565 25,000 SH   SOLE 25,000 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 302 10,890 SH   SOLE 10,890 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 13,557 989,575 SH   SOLE 0 989,575 0
FIRST CONN BANCORP INC MD COM 319850103 15,201 1,048,371 SH   SOLE 0 1,048,371 0
FIRST SEC GROUP INC COM NEW 336312202 8,762 4,425,262 SH   SOLE 0 4,425,262 0
FURMANITE CORPORATION COM 361086101 2,204 326,000 SH   SOLE 326,000 0 0
GENERAL MLS INC COM 370334104 1,304 25,844 SH   SOLE 25,844 0 0
GLACIER BANCORP INC NEW COM 37637Q105 22,286 861,809 SH   SOLE 0 861,809 0
HANCOCK HLDG CO COM 410120109 26,739 834,294 SH   SOLE 0 834,294 0
HERITAGE FINL CORP WASH COM 42722X106 35,250 2,225,385 SH   SOLE 0 2,225,385 0
HOME BANCSHARES INC COM 436893200 22,077 750,685 SH   SOLE 0 750,685 0
IBERIABANK CORP COM 450828108 39,214 627,318 SH   SOLE 0 627,318 0
ISHARES TR MSCI EAFE ETF 464287465 577 9,000 SH   SOLE 9,000 0 0
ISHARES TR SELECT DIVID ETF 464287168 923 12,500 SH   SOLE 12,500 0 0
JOHNSON & JOHNSON COM 478160104 2,222 20,850 SH   SOLE 20,850 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 5,602 83,983 SH   SOLE 83,983 0 0
NATIONAL BK HLDGS CORP CL A 633707104 35,059 1,833,609 SH   SOLE 0 1,833,609 0
PINNACLE FINL PARTNERS INC COM 72346Q104 10,123 280,409 SH   SOLE 0 280,409 0
PINNACLE FOODS INC DEL COM 72348P104 3,671 112,439 SH   SOLE 112,439 0 0
PNC FINL SVCS GROUP INC COM 693475105 43,879 512,726 SH   SOLE 0 512,726 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 1,018 55,000 SH   SOLE 55,000 0 0
PROCTER & GAMBLE CO COM 742718109 1,973 23,565 SH   SOLE 23,565 0 0
REGIONS FINL CORP NEW COM 7591EP100 44,815 4,463,671 SH   SOLE 0 4,463,671 0
SANDY SPRING BANCORP INC COM 800363103 41,465 1,811,473 SH   SOLE 0 1,811,473 0
SHOE CARNIVAL INC COM 824889109 2,058 115,532 SH   SOLE 115,532 0 0
SOUTH ST CORP COM 840441109 43,078 770,355 SH   SOLE 0 770,355 0
SQUARE 1 FINL INC CL A 85223W101 9,557 496,990 SH   SOLE 0 496,990 0
STATE BK FINL CORP COM 856190103 17,028 1,048,519 SH   SOLE 0 1,048,519 0
SUNCOR ENERGY INC NEW COM 867224107 5,127 141,838 SH   SOLE 141,838 0 0
SUNOCO LP COM 86765K109 5,759 104,706 SH   SOLE 104,706 0 0
SUNTRUST BKS INC COM 867914103 28,350 745,471 SH   SOLE 0 745,471 0
TEAM INC COM 878155100 1,486 39,201 SH   SOLE 39,201 0 0
TORTOISE MLP FD INC COM 89148B101 232 8,000 SH   SOLE 8,000 0 0
TORTOISE MLP FD INC COM 89148B101 232 8,000 SH   SOLE 8,000 0 0
TRISTATE CAP HLDGS INC COM 89678F100 8,414 927,700 SH   SOLE 0 927,700 0
TRONOX LTD SHS CL A Q9235V101 2,445 93,853 SH   SOLE 93,853 0 0
UMB FINL CORP COM 902788108 37,128 680,618 SH   SOLE 0 680,618 0
UMPQUA HLDGS CORP COM 904214103 26,319 1,598,025 SH   SOLE 0 1,598,025 0
UNION BANKSHARES CORP NEW COM 90539J109 26,271 1,137,285 SH   SOLE 0 1,137,285 0
UNITED CMNTY BANCORP IND COM 90984R101 886 74,167 SH   SOLE 74,167 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,385 14,092 SH   SOLE 14,092 0 0
VANGUARD WORLD FDS INF TECH ETF 92204a702 240 2,400 SH   SOLE 2,400 0 0
WASTE MGMT INC DEL COM 94106L109 1,808 38,030 SH   SOLE 38,030 0 0