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
ALLEGIANCE BANCSHARES INC COM 01748H107 386 10,382 SH   SOLE 10,382 0 0
AMERIS BANCORP COM 03076K108 2,997 65,000 SH   SOLE 65,000 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 14,735 777,581 SH   SOLE 777,581 0 0
BANC OF CALIFORNIA INC COM 05990K106 11,950 577,276 SH   SOLE 577,276 0 0
BANNER CORP COM NEW 06652V208 12,407 222,982 SH   SOLE 222,982 0 0
BMC STK HLDGS INC COM 05591B109 3,362 148,760 SH   SOLE 148,760 0 0
BNC BANCORP COM 05566T101 8,221 234,544 SH   SOLE 234,544 0 0
CENTERSTATE BANKS INC COM 15201P109 12,425 479,714 SH   SOLE 479,714 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 3,510 141,420 SH   SOLE 141,420 0 0
COMERICA INC COM 200340107 12,619 184,001 SH   SOLE 184,001 0 0
EAGLE BANCORP INC MD COM 268948106 5,185 86,851 SH   SOLE 86,851 0 0
ENCORE WIRE CORP COM 292562105 4,035 87,707 SH   SOLE 87,707 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 8,507 267,783 SH   SOLE 267,783 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 459 11,781 SH   SOLE 11,781 0 0
FIRST HORIZON NATL CORP COM 320517105 7,184 388,300 SH   SOLE 388,300 0 0
GLACIER BANCORP INC NEW COM 37637Q105 5,135 151,354 SH   SOLE 151,354 0 0
GREEN PLAINS PARTNERS LP COM REP PTR IN 393221106 5,579 277,546 SH   SOLE 277,546 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 13,194 541,833 SH   SOLE 541,833 0 0
HANCOCK HLDG CO COM 410120109 5,868 128,826 SH   SOLE 128,826 0 0
HERITAGE FINL CORP WASH COM 42722X106 9,201 371,769 SH   SOLE 371,769 0 0
INVESTAR HLDG CORP COM 46134L105 1,584 72,321 SH   SOLE 72,321 0 0
ISHARES TR MSCI EAFE ETF 464287465 561 9,000 SH   SOLE 9,000 0 0
ISHARES TR SELECT DIVID ETF 464287168 865 9,500 SH   SOLE 9,500 0 0
JOHNSON & JOHNSON COM 478160104 380 3,050 SH   SOLE 3,050 0 0
KLX INC COM 482539103 4,410 98,650 SH   SOLE 98,650 0 0
KULICKE & SOFFA INDS INC COM 501242101 3,732 183,641 SH   SOLE 183,641 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 410 5,084 SH   SOLE 5,084 0 0
NATIONAL COMM CORP COM 63546L102 10,784 294,641 SH   SOLE 294,641 0 0
PACWEST BANCORP DEL COM 695263103 5,794 108,787 SH   SOLE 108,787 0 0
PARK STERLING CORP COM 70086Y105 7,318 594,462 SH   SOLE 594,462 0 0
PEOPLES UTAH BANCORP COM 712706209 11,559 437,028 SH   SOLE 437,028 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 2,673 40,221 SH   SOLE 40,221 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 714 47,500 SH   SOLE 47,500 0 0
PROCTER AND GAMBLE CO COM 742718109 230 2,560 SH   SOLE 2,560 0 0
RED ROBIN GOURMET BURGERS IN COM 75689M101 1,754 30,000 SH   SOLE 30,000 0 0
REGIONS FINL CORP NEW COM 7591EP100 11,148 767,239 SH   SOLE 767,239 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 156 2,800 SH   SOLE 2,800 0 0
SANDY SPRING BANCORP INC COM 800363103 10,473 255,512 SH   SOLE 255,512 0 0
SEMGROUP CORP CL A 81663A105 135 3,750 SH   SOLE 3,750 0 0
SMARTFINANCIAL INC COM NEW 83190L208 5,037 239,421 SH   SOLE 239,421 0 0
SOUTH ST CORP COM 840441109 7,911 88,543 SH   SOLE 88,543 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 14,804 1,448,500 SH   SOLE 1,448,500 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 6,053 128,548 SH   SOLE 128,548 0 0
SUNTRUST BKS INC COM 867914103 7,935 143,492 SH   SOLE 143,492 0 0
SYNOVUS FINL CORP COM NEW 87161C501 13,664 333,112 SH   SOLE 333,112 0 0
TEAM INC COM 878155100 2,620 96,852 SH   SOLE 96,852 0 0
UMPQUA HLDGS CORP COM 904214103 8,114 457,368 SH   SOLE 457,368 0 0
UNITI GROUP INC COM 91325V108 186 7,200 SH   SOLE 7,200 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 293 4,926 SH   SOLE 4,926 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 285 7,174 SH   SOLE 7,174 0 0
VANGUARD WORLD FDS INF TECH ETF 92204a702 326 2,400 SH   SOLE 2,400 0 0
VERITEX HLDGS INC COM 923451108 15,763 560,558 SH   SOLE 560,558 0 0
WASTE MGMT INC DEL COM 94106L109 493 6,760 SH   SOLE 6,760 0 0
ZIONS BANCORPORATION COM 989701107 8,341 198,600 SH   SOLE 198,600 0 0