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
AK Steel COM 001547108 6,510 1,500 SH   SOLE 0 1,500 0 0
American Airlines Group COM 001765106 15,462 11,453 SH   SOLE 0 11,453 0 0
Alliance One International COM 018772103 3,170 200 SH   SOLE 0 200 0 0
American Express Company COM 025816109 1,864,842 19,029 SH   SOLE 0 19,029 0 0
Apollo Global Management LLC COM 037612306 191,857 6,020 SH   SOLE 0 6,020 0 0
Apple COM 037833100 3,707,513 20,029 SH   SOLE 0 20,029 0 0
BB&T Corporation COM 054937107 72,785 1,443 SH   SOLE 0 1,443 0 0
Bank of America COM 060505104 1,178,314 41,799 SH   SOLE 0 41,799 0 0
Bank of America WARRANT 060505153 131,531 215,625 SH   SOLE 0 215,625 0 0
Bank of America CONV PREF 060505682 36,265 29 SH   SOLE 0 29 0 0
Bank of America WARRANT 060506146 293,760 18,000 SH   SOLE 0 18,000 0 0
Barnes & Noble COM 067774109 787,051 123,945 SH   SOLE 0 123,945 0 0
Berkshire Hills Bancorp COM 084680107 207,019 5,099 SH   SOLE 0 5,099 0 0
Boeing COM 097023105 6,691,076 19,943 SH   SOLE 0 19,943 0 0
Caterpillar COM 149123101 2,583,835 19,045 SH   SOLE 0 19,045 0 0
Central Valley Community Bancorp COM 155685100 527,773 24,942 SH   SOLE 0 24,942 0 0
Chesapeake Energy Corporation COM 165167107 11,701 2,233 SH   SOLE 0 2,233 0 0
Chesapeake Energy CONV PREF 165167768 12,500 20 SH   SOLE 0 20 0 0
Chevron Corporation COM 166764100 3,037,602 24,026 SH   SOLE 0 24,026 0 0
Choiceone Financial Services COM 170386106 15,855 604 SH   SOLE 0 604 0 0
Citigroup WARRANT 172967226 20,663 1,653,040 SH   SOLE 0 1,653,040 0 0
Citigroup COM 172967424 1,259,367 18,819 SH   SOLE 0 18,819 0 0
Citizens Financial Group COM 174610105 620,455 15,950 SH   SOLE 0 15,950 0 0
Citizens Community Bancorp COM 174903104 1,642,603 116,085 SH   SOLE 0 116,085 0 0
Civista Bancshares COM 178867107 1,636,830 67,526 SH   SOLE 0 67,526 0 0
Coca-Cola COM 191216100 891,016 20,315 SH   SOLE 0 20,315 0 0
Codorus Bancorp COM 192025104 1,231,625 40,144 SH   SOLE 0 40,144 0 0
Walt Disney COM 254687106 2,055,884 19,615 SH   SOLE 0 19,615 0 0
El Pollo Loco Holdings COM 268603107 869,364 76,260 SH   SOLE 0 76,260 0 0
Enterprise Products COM 293792107 3,420,040 123,601 SH   SOLE 0 123,601 0 0
EZCORP Inc. COM 302301106 36,933 3,065 SH   SOLE 0 3,065 0 0
FNB Corporation COM 302520101 113,318 8,444 SH   SOLE 0 8,444 0 0
Federal Agricultural Mortgage COM 313148306 22,370 250 SH   SOLE 0 250 0 0
Freddie Mac PREF STK 313400640 811,199 155,105 SH   SOLE 0 155,105 0 0
Fannie Mae PREF STK 313586752 12,640 2,000 SH   SOLE 0 2,000 0 0
Fifth Third Bancorp COM 316773100 323,593 11,275 SH   SOLE 0 11,275 0 0
First Bancshares COM 318916103 1,974,050 54,911 SH   SOLE 0 54,911 0 0
First Community Corp COM 319835104 1,527,963 60,875 SH   SOLE 0 60,875 0 0
FreightCar America COM 357023100 787,904 46,927 SH   SOLE 0 46,927 0 0
General Electric COM 369604103 248,790 18,280 SH   SOLE 0 18,280 0 0
Genesis Energy COM 371927104 2,306,269 105,261 SH   SOLE 0 105,261 0 0
Haverty Furniture COM 419596101 953,014 44,121 SH   SOLE 0 44,121 0 0
Hawaiian Holdings COM 419879101 46,052 1,281 SH   SOLE 0 1,281 0 0
Hawthorn Bancshares COM 420476103 552,953 25,249 SH   SOLE 0 25,249 0 0
Hess Midstream Partners COM 428104103 1,451,792 73,695 SH   SOLE 0 73,695 0 0
Hi Crush Partners COM 428337109 16,520 1,400 SH   SOLE 0 1,400 0 0
Holly Energy Partners COM 435763107 2,379,238 84,191 SH   SOLE 0 84,191 0 0
Home Depot COM 437076102 3,865,126 19,811 SH   SOLE 0 19,811 0 0
HopFed Bancorp COM 439734104 359,507 21,683 SH   SOLE 0 21,683 0 0
Intel Corporation COM 458140100 1,058,226 21,288 SH   SOLE 0 21,288 0 0
IBM COM 459200101 2,684,894 19,219 SH   SOLE 0 19,219 0 0
iShares Barclays TIPS Bond COM 464287176 152,760 1,353 SH   SOLE 0 1,353 0 0
iShares MSCI Emerging Markets COM 464287234 329,958 7,615 SH   SOLE 0 7,615 0 0
iShares MSCI EAFE Index COM 464287465 5,161,311 77,069 SH   SOLE 0 77,069 0 0
iShares Core S&P MidCap 400 COM 464287507 78,756 404 SH   SOLE 0 404 0 0
iShares DJ US Financial Sector COM 464287788 559,465 4,774 SH   SOLE 0 4,774 0 0
Johnson & Johnson COM 478160104 2,596,797 21,401 SH   SOLE 0 21,401 0 0
Lannett Company COM 516012101 715,931 52,642 SH   SOLE 0 52,642 0 0
MDC Holdings COM 552676108 1,115,259 36,245 SH   SOLE 0 36,245 0 0
MVB Financial COM 553810102 960,567 53,217 SH   SOLE 0 53,217 0 0
Magellan Midstream Partners COM 559080106 5,704,488 82,578 SH   SOLE 0 82,578 0 0
McDermott International COM 580037703 1,015,335 51,671 SH   SOLE 0 51,671 0 0
McDonald's COM 580135101 3,180,024 20,295 SH   SOLE 0 20,295 0 0
Microsoft Corporation COM 594918104 2,132,172 21,622 SH   SOLE 0 21,622 0 0
Midsouth Bancorp COM 598039105 346,223 26,130 SH   SOLE 0 26,130 0 0
MidWest One Financial COM 598511103 345,536 10,229 SH   SOLE 0 10,229 0 0
NMI Holdings COM 629209305 2,073,442 127,205 SH   SOLE 0 127,205 0 0
Nike COM 654106103 1,513,920 19,000 SH   SOLE 0 19,000 0 0
Oaktree Capital COM 674001201 155,080 3,815 SH   SOLE 0 3,815 0 0
Old National Bancorp COM 680033107 1,349,245 72,540 SH   SOLE 0 72,540 0 0
ONEOK COM 682680103 5,707,101 81,729 SH   SOLE 0 81,729 0 0
Opus Bank COM 684000102 1,150,009 40,070 SH   SOLE 0 40,070 0 0
Parke Bancorp COM 700885106 1,256,406 53,125 SH   SOLE 0 53,125 0 0
Peoples Bancorp COM 710577107 1,360,987 42,491 SH   SOLE 0 42,491 0 0
PetroQuest Energy COM 716748108 570 2,500 SH   SOLE 0 2,500 0 0
PetroQuest Energy CONV PREF 716748207 138,764 60,332 SH   SOLE 0 60,332 0 0
Pfizer COM 717081103 861,940 23,758 SH   SOLE 0 23,758 0 0
Phillips 66 Partners COM 718549207 2,718,629 53,244 SH   SOLE 0 53,244 0 0
Plains All American Pipeline COM 726503105 310,464 13,133 SH   SOLE 0 13,133 0 0
Procter & Gamble COM 742718109 1,632,469 20,913 SH   SOLE 0 20,913 0 0
RAIT Financial COM 749227609 4,195 43,250 SH   SOLE 0 43,250 0 0
Rice Midstream Partners COM 762819100 3,658,943 214,979 SH   SOLE 0 214,979 0 0
A Schulmann & Co CONV PREF 808194302 3,081,655 2,921 SH   SOLE 0 2,921 0 0
Shell Midstream Partners COM 822634101 1,812,860 81,734 SH   SOLE 0 81,734 0 0
Southern National Bancorp COM 843395104 1,676,215 93,958 SH   SOLE 0 93,958 0 0
Southwestern Energy COM 845467109 5,300 1,000 SH   SOLE 0 1,000 0 0
SunPower Corporation COM 867652406 1,810 236 SH   SOLE 0 236 0 0
SunTrust Banks COM 867914103 653,182 9,894 SH   SOLE 0 9,894 0 0
Superior Industries COM 868168105 999,781 55,854 SH   SOLE 0 55,854 0 0
Timberland Bancorp COM 887098101 37,340 1,000 SH   SOLE 0 1,000 0 0
Toll Brothers COM 889478103 7,398 200 SH   SOLE 0 200 0 0
Triumph Group COM 896818101 767,046 39,135 SH   SOLE 0 39,135 0 0
Umpqua Holdings COM 904214103 22,590 1,000 SH   SOLE 0 1,000 0 0
Unisys Corp COM 909214306 858,237 66,530 SH   SOLE 0 66,530 0 0
United Bancshares COM 909458101 1,050,136 47,733 SH   SOLE 0 47,733 0 0
United Technologies COM 913017109 2,374,070 18,988 SH   SOLE 0 18,988 0 0
Wal-Mart Stores COM 931142103 1,680,110 19,616 SH   SOLE 0 19,616 0 0
Walgreens Boots COM 931427108 1,139,565 18,988 SH   SOLE 0 18,988 0 0
Webco Industries COM 947621207 10,800 100 SH   SOLE 0 100 0 0
Williams Companies COM 969457100 2,226,070 82,112 SH   SOLE 0 82,112 0 0
Zions Bancorp COM 989701107 770,907 14,631 SH   SOLE 0 14,631 0 0
Zions Bancorp WARRANT 989701115 242,341 11,938 SH   SOLE 0 11,938 0 0
Travelers Companies COM 89417e109 2,347,460 19,188 SH   SOLE 0 19,188 0 0
A T & T COM 00206r102 161,610 5,033 SH   SOLE 0 5,033 0 0
Aceto Corp CONV BOND 004446AD2 1,498,677 1,985,000 PRN   SOLE 0 1,985,000 0 0
Alaska Communications COM 01167p101 1,046,451 591,215 SH   SOLE 0 591,215 0 0
Alliance Resource Partners COM 01877r108 4,107,317 223,832 SH   SOLE 0 223,832 0 0
Altria Group COM 02209s103 54,440 959 SH   SOLE 0 959 0 0
American Airlines Group COM 02376R102 530,833 13,984 SH   SOLE 0 13,984 0 0
AmeriServ Financial COM 03074a102 761,447 185,719 SH   SOLE 0 185,719 0 0
Andeavor Logistics LP COM 03350f106 1,913,722 44,997 SH   SOLE 0 44,997 0 0
Antero Midstream Partners LP COM 03673l103 2,977,210 100,854 SH   SOLE 0 100,854 0 0
Arcbest COM 03937c105 1,471,997 32,210 SH   SOLE 0 32,210 0 0
Atlas Air Worldwide Holdings CONV BOND 049164BH8 1,863,338 1,520,000 PRN   SOLE 0 1,520,000 0 0
BP Midstream Partners COM 0556EL109 1,777,118 84,665 SH   SOLE 0 84,665 0 0
Banc of California COM 05990k106 3,915,494 200,281 SH   SOLE 0 200,281 0 0
Blackstone Group COM 09253u108 192,537 5,985 SH   SOLE 0 5,985 0 0
Carlyle Group COM 14309l102 166,247 7,805 SH   SOLE 0 7,805 0 0
Chesapeake Energy CONV BOND 165167CY1 3,409,653 3,355,000 PRN   SOLE 0 3,355,000 0 0
Cisco Systems COM 17275r102 843,861 19,611 SH   SOLE 0 19,611 0 0
Contura Energy COM 21241b100 756,080 10,400 SH   SOLE 0 10,400 0 0
Contura Energy WARRANT 21241b118 1,251,450 37,080 SH   SOLE 0 37,080 0 0
DR Horton COM 23331a109 10,250 250 SH   SOLE 0 250 0 0
Delek Logistics Partners COM 24664t103 1,918,053 69,369 SH   SOLE 0 69,369 0 0
DowDuPont COM 26078j100 1,308,970 19,857 SH   SOLE 0 19,857 0 0
EOG Resources COM 26875p101 31,108 250 SH   SOLE 0 250 0 0
Eagle Bancorp Montana COM 26942g100 944,272 48,926 SH   SOLE 0 48,926 0 0
Energy Transfer Partners COM 29273R109 128,691 6,759 SH   SOLE 0 6,759 0 0
Energy Transfer Equity COM 29273v100 214,911 12,459 SH   SOLE 0 12,459 0 0
EnLink Midstream LLC COM 29336t100 1,157,835 70,385 SH   SOLE 0 70,385 0 0
EnLink Midstream Partners COM 29336u107 3,567,272 229,702 SH   SOLE 0 229,702 0 0
Essa Bancorp COM 29667d104 1,161,146 73,351 SH   SOLE 0 73,351 0 0
EZCorp CONV BOND 302301AB2 3,497,393 3,455,000 PRN   SOLE 0 3,455,000 0 0
Exxon Mobil COM 30231g102 1,877,309 22,692 SH   SOLE 0 22,692 0 0
1st Constitution Bancorp COM 31986n102 284,968 12,444 SH   SOLE 0 12,444 0 0
First United Corp COM 33741h107 1,535,509 75,086 SH   SOLE 0 75,086 0 0
First US Bancshares COM 33744v103 305,696 26,240 SH   SOLE 0 26,240 0 0
GNC Holdings CONV BOND 36191GAB3 2,180,063 3,300,000 PRN   SOLE 0 3,300,000 0 0
General Cable CONV BOND 369300al2 1,712,223 1,615,000 PRN   SOLE 0 1,615,000 0 0
General Motors COM 37045v100 15,760 400 SH   SOLE 0 400 0 0
Global Eagle Entertainment CONV BOND 37951DAB8 1,424,800 2,000,000 PRN   SOLE 0 2,000,000 0 0
Goldman Sachs COM 38141g104 4,204,726 19,063 SH   SOLE 0 19,063 0 0
HMN Financial COM 40424g108 1,004,498 49,975 SH   SOLE 0 49,975 0 0
Homestreet Inc COM 43785u102 607,453 22,540 SH   SOLE 0 22,540 0 0
Horizon Global CONV BOND 44052WAA2 1,720,341 2,455,000 PRN   SOLE 0 2,455,000 0 0
Horsehead Holdings WARRANT 44069P118 153,120 3,403 SH   SOLE 0 3,403 0 0
Invensense CONV BOND 46123DAB2 543,135 565,000 PRN   SOLE 0 565,000 0 0
Iridium Communications COM 46269c102 4,596,276 285,483 SH   SOLE 0 285,483 0 0
Iridium Communications CONV PREF 46269c409 1,644,690 3,000 SH   SOLE 0 3,000 0 0
iShares 0-5 Yr High Yield Corporate COM 46434v407 776,456 16,655 SH   SOLE 0 16,655 0 0
JPMorgan COM 46625h100 2,391,598 22,952 SH   SOLE 0 22,952 0 0
Jones Energy CONV PREF 48019R207 7,229 600 SH   SOLE 0 600 0 0
KKR & Co COM 48248m102 169,601 6,825 SH   SOLE 0 6,825 0 0
KB HOME CONV BOND 48666KAS8 2,022,982 1,885,000 PRN   SOLE 0 1,885,000 0 0
Kimball Electronics COM 49428j109 1,421,599 77,683 SH   SOLE 0 77,683 0 0
Kinder Morgan COM 49456b101 754,146 42,679 SH   SOLE 0 42,679 0 0
LGI Homes COM 50187t106 985,451 17,070 SH   SOLE 0 17,070 0 0
MPLX COM 55336v100 3,513,822 102,924 SH   SOLE 0 102,924 0 0
Macquarie Infrastructure CONV BOND 55608BAB1 1,803,417 2,035,000 PRN   SOLE 0 2,035,000 0 0
Macy's COM 55616p104 14,972 400 SH   SOLE 0 400 0 0
Merck COM 58933y105 1,258,554 20,734 SH   SOLE 0 20,734 0 0
Meritage Homes Corporation COM 59001a102 4,395 100 SH   SOLE 0 100 0 0
MutualFirst Financial COM 62845b104 1,193,937 31,627 SH   SOLE 0 31,627 0 0
NGL Energy Partners COM 62913M107 4,341,209 347,297 SH   SOLE 0 347,297 0 0
Navistar Intl CONV BOND 63934eaq1 1,455,780 1,445,000 PRN   SOLE 0 1,445,000 0 0
PDL Biopharma CONV BOND 69329YAG9 1,503,691 1,640,000 PRN   SOLE 0 1,640,000 0 0
Peoples Financial COM 71103b102 1,168,400 84,361 SH   SOLE 0 84,361 0 0
Plains GP Holdings COM 72651a207 1,538,328 64,338 SH   SOLE 0 64,338 0 0
Premier Financial Bancorp COM 74050m105 1,542,014 82,593 SH   SOLE 0 82,593 0 0
QCR Holdings COM 74727a104 5,177,806 109,121 SH   SOLE 0 109,121 0 0
QEP Resources COM 74733v100 18,390 1,500 SH   SOLE 0 1,500 0 0
Rent-A-Center COM 76009n100 806,141 54,765 SH   SOLE 0 54,765 0 0
Royal Gold CONV BOND 780287AA6 951,039 900,000 PRN   SOLE 0 900,000 0 0
SB Financial COM 78408d105 3,740,733 184,091 SH   SOLE 0 184,091 0 0
SPDR S&P 600 Small Cap Value COM 78464a300 714,156 10,693 SH   SOLE 0 10,693 0 0
SPDR Dow Jones Industrial COM 78467x109 9,071,849 37,374 SH   SOLE 0 37,374 0 0
Sandridge Energy WARRANT 80007p125 1,047 4,028 SH   SOLE 0 4,028 0 0
SandRidge Energy COM 80007p869 1,194,168 67,315 SH   SOLE 0 67,315 0 0
SemGroup Corp COM 81663a105 61,138 2,407 SH   SOLE 0 2,407 0 0
Sterling Bancorp COM 85917a100 582,119 24,771 SH   SOLE 0 24,771 0 0
Summit Financial Group COM 86606g101 2,878,939 107,263 SH   SOLE 0 107,263 0 0
Sunpower Corp CONV BOND 867652AJ8 1,207,822 1,540,000 PRN   SOLE 0 1,540,000 0 0
Sunpower Corp CONV BOND 867652AL3 844,090 1,000,000 PRN   SOLE 0 1,000,000 0 0
Targa Resources Corp COM 87612g101 3,782,141 76,422 SH   SOLE 0 76,422 0 0
3M COM 88579y101 3,735,319 18,988 SH   SOLE 0 18,988 0 0
Titan Machinery CONV BOND 88830RAB7 2,323,172 2,357,000 PRN   SOLE 0 2,357,000 0 0
Transmontaigne Partners COM 89376v100 2,622,050 71,174 SH   SOLE 0 71,174 0 0
Two River Bancorp COM 90207c105 1,155,113 60,382 SH   SOLE 0 60,382 0 0
United Community Banks COM 90984p303 6,747 220 SH   SOLE 0 220 0 0
UnitedHealth Group COM 91324p102 4,753,463 19,375 SH   SOLE 0 19,375 0 0
Uniti Group COM 91325v108 696,143 34,755 SH   SOLE 0 34,755 0 0
Valeant Pharmaceuticals COM 91911K102 10,458 450 SH   SOLE 0 450 0 0
Verizon Communications COM 92343v104 1,079,502 21,457 SH   SOLE 0 21,457 0 0
Visa COM 92826c839 2,522,245 19,043 SH   SOLE 0 19,043 0 0
Williams Partners COM 96949L105 3,978,145 98,008 SH   SOLE 0 98,008 0 0
Wintrust Financial COM 97650w108 2,517,747 28,923 SH   SOLE 0 28,923 0 0
WPX Energy COM 98212b103 83,473 4,630 SH   SOLE 0 4,630 0 0
Xerium Technologies COM 98416j118 1,062,781 80,270 SH   SOLE 0 80,270 0 0
Aircastle LTD COM g0129k104 1,626,429 79,338 SH   SOLE 0 79,338 0 0
Bunge CONV PREF g16962204 2,161,620 20,015 SH   SOLE 0 20,015 0 0
Seagate Technology COM G7945M107 11,294 200 SH   SOLE 0 200 0 0
Genco Shipping WARRANT y2685t123 2,155 2,155 SH   SOLE 0 2,155 0 0
Genco Shipping COM y2685t131 418,361 26,990 SH   SOLE 0 26,990 0 0
Navios Maritime Acquisition COM y62159101 6,710 11,000 SH   SOLE 0 11,000 0 0
Navios Maritime Holdings COM y62196103 296,282 347,790 SH   SOLE 0 347,790 0 0
Navios Maritime Partners COM y62267102 17,199 9,100 SH   SOLE 0 9,100 0 0
Teekay LNG Partners COM y8564m105 2,501,955 148,484 SH   SOLE 0 148,484 0 0
Teekay Inc COM y8564w103 1,281,703 165,381 SH   SOLE 0 165,381 0 0
Teekay Offshore Partners COM y8565j101 24,438 9,257 SH   SOLE 0 9,257 0 0
Teekay Tankers COM y8565n102 11,700 10,000 SH   SOLE 0 10,000 0 0