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 7,350 1,500 SH   SOLE 0 1,500 0 0
American Express COM 025816109 2,020,009 18,969 SH   SOLE 0 18,969 0 0
Apollo Global Management COM 037612306 207,991 6,020 SH   SOLE 0 6,020 0 0
Apple COM 037833100 4,497,216 19,922 SH   SOLE 0 19,922 0 0
BB&T Corporation COM 054937107 70,043 1,443 SH   SOLE 0 1,443 0 0
Bank of America COM 060505104 1,231,575 41,805 SH   SOLE 0 41,805 0 0
Bank of America Corp WARRANT 060505153 64,688 215,625 SH   SOLE 0 215,625 0 0
Bank of America CONV PREF 060505682 37,533 29 SH   SOLE 0 29 0 0
Bank of America WARRANT 060506146 320,580 18,000 SH   SOLE 0 18,000 0 0
Barnes & Noble COM 067774109 715,082 123,290 SH   SOLE 0 123,290 0 0
Berkshire Hills Bancorp COM 084680107 207,529 5,099 SH   SOLE 0 5,099 0 0
Boeing COM 097023105 7,394,488 19,883 SH   SOLE 0 19,883 0 0
Caterpillar COM 149123101 2,895,023 18,985 SH   SOLE 0 18,985 0 0
Central Valley Community Bancorp COM 155685100 538,997 24,942 SH   SOLE 0 24,942 0 0
Chesapeake Energy COM 165167107 19,006 4,233 SH   SOLE 0 4,233 0 0
Chesapeake Energy CONV PREF 165167768 13,230 21 SH   SOLE 0 21 0 0
Chevron Corporation COM 166764100 2,930,710 23,967 SH   SOLE 0 23,967 0 0
Choiceone Financial Services COM 170386106 16,398 604 SH   SOLE 0 604 0 0
Citigroup WARRANT 172967226 2,480 1,653,040 SH   SOLE 0 1,653,040 0 0
Citigroup COM 172967424 1,396,706 19,469 SH   SOLE 0 19,469 0 0
Citizens Financial Group COM 174610105 615,215 15,951 SH   SOLE 0 15,951 0 0
Citizens Community Bancorp COM 174903104 1,619,660 115,690 SH   SOLE 0 115,690 0 0
Civista Bancshares COM 178867107 1,619,812 67,240 SH   SOLE 0 67,240 0 0
Coca-Cola COM 191216100 935,578 20,255 SH   SOLE 0 20,255 0 0
Codorus Bancorp COM 192025104 1,254,123 40,145 SH   SOLE 0 40,145 0 0
Walt Disney COM 254687106 2,285,670 19,546 SH   SOLE 0 19,546 0 0
El Pollo Loco Holdings COM 268603107 945,329 75,325 SH   SOLE 0 75,325 0 0
Enterprise Products Partners COM 293792107 3,382,929 117,749 SH   SOLE 0 117,749 0 0
EZCORP COM 302301106 32,796 3,065 SH   SOLE 0 3,065 0 0
F.N.B. Corporation COM 302520101 107,408 8,444 SH   SOLE 0 8,444 0 0
Federal Agricultural Mortgage COM 313148306 18,045 250 SH   SOLE 0 250 0 0
Freddie Mac PREF STK 313400640 691,768 155,105 SH   SOLE 0 155,105 0 0
Fannie Mae PREF STK 313586752 11,020 2,000 SH   SOLE 0 2,000 0 0
Fifth Third Bancorp COM 316773100 314,798 11,275 SH   SOLE 0 11,275 0 0
First Bancshares COM 318916103 2,101,515 53,816 SH   SOLE 0 53,816 0 0
First Community Corp COM 319835104 1,473,175 60,875 SH   SOLE 0 60,875 0 0
Ford Motor COM 345370860 22,733 2,458 SH   SOLE 0 2,458 0 0
FreightCar America COM 357023100 745,311 46,379 SH   SOLE 0 46,379 0 0
General Electric Company COM 369604103 206,474 18,288 SH   SOLE 0 18,288 0 0
Genesis Energy COM 371927104 2,419,163 101,731 SH   SOLE 0 101,731 0 0
Haverty Furniture COM 419596101 983,295 44,493 SH   SOLE 0 44,493 0 0
Hawaiian Holdings COM 419879101 51,368 1,281 SH   SOLE 0 1,281 0 0
Hawthorn Bancshares COM 420476103 619,392 27,226 SH   SOLE 0 27,226 0 0
Hess Midstream COM 428104103 1,593,393 69,855 SH   SOLE 0 69,855 0 0
Hi Crush Partners COM 428337109 15,120 1,400 SH   SOLE 0 1,400 0 0
Holly Energy Partners COM 435763107 2,505,537 79,642 SH   SOLE 0 79,642 0 0
Home Depot COM 437076102 4,083,548 19,713 SH   SOLE 0 19,713 0 0
HopFed Bancorp COM 439734104 379,466 21,684 SH   SOLE 0 21,684 0 0
Intel Corporation COM 458140100 1,003,872 21,228 SH   SOLE 0 21,228 0 0
IBM COM 459200101 2,897,184 19,160 SH   SOLE 0 19,160 0 0
iShares Barclays TIPS Bond COM 464287176 149,715 1,353 SH   SOLE 0 1,353 0 0
iShares MSCI EAFE Index Fund COM 464287465 5,239,921 77,069 SH   SOLE 0 77,069 0 0
Johnson & Johnson COM 478160104 2,948,824 21,342 SH   SOLE 0 21,342 0 0
Lannett Company COM 516012101 247,276 52,058 SH   SOLE 0 52,058 0 0
MDC Holdings COM 552676108 1,059,999 35,835 SH   SOLE 0 35,835 0 0
MVB Financial Corp COM 553810102 959,042 53,221 SH   SOLE 0 53,221 0 0
Magellan Midstream Partners COM 559080106 5,352,589 79,040 SH   SOLE 0 79,040 0 0
McDermott International COM 580037703 959,300 52,051 SH   SOLE 0 52,051 0 0
McDonald's COM 580135101 3,385,113 20,235 SH   SOLE 0 20,235 0 0
Microsoft Corporation COM 594918104 2,464,364 21,547 SH   SOLE 0 21,547 0 0
Midsouth Bancorp COM 598039105 402,402 26,130 SH   SOLE 0 26,130 0 0
MidWest One Financial COM 598511103 340,728 10,229 SH   SOLE 0 10,229 0 0
NMI Holdings COM 629209305 2,848,804 125,775 SH   SOLE 0 125,775 0 0
Nike COM 654106103 1,603,580 18,928 SH   SOLE 0 18,928 0 0
Oaktree Capital Group COM 674001201 157,941 3,815 SH   SOLE 0 3,815 0 0
Old National Bancorp COM 680033107 1,400,106 72,544 SH   SOLE 0 72,544 0 0
ONEOK COM 682680103 5,349,076 78,907 SH   SOLE 0 78,907 0 0
Opus Bank COM 684000102 1,097,918 40,070 SH   SOLE 0 40,070 0 0
Parke Bancorp COM 700885106 1,188,054 52,920 SH   SOLE 0 52,920 0 0
Peoples Bancorp COM 710577107 1,225,585 42,496 SH   SOLE 0 42,496 0 0
PetroQuest Energy COM 716748108 225 2,500 SH   SOLE 0 2,500 0 0
PetroQuest Energy CONV PREF 716748207 2,964 59,277 SH   SOLE 0 59,277 0 0
Pfizer COM 717081103 1,044,591 23,703 SH   SOLE 0 23,703 0 0
Phillips 66 Partners COM 718549207 2,593,854 50,721 SH   SOLE 0 50,721 0 0
Plains All American Pipeline COM 726503105 328,456 13,133 SH   SOLE 0 13,133 0 0
Procter & Gamble COM 742718109 1,735,595 20,853 SH   SOLE 0 20,853 0 0
A Schulmann CONV PREF 808194302 2,893,215 2,886 SH   SOLE 0 2,886 0 0
Shell Midstream Partners COM 822634101 1,656,501 77,479 SH   SOLE 0 77,479 0 0
Southern National Bancorp of Virginia COM 843395104 1,522,135 93,959 SH   SOLE 0 93,959 0 0
Southwestern Energy Company COM 845467109 5,110 1,000 SH   SOLE 0 1,000 0 0
SunPower Corporation COM 867652406 1,723 236 SH   SOLE 0 236 0 0
SunTrust Banks COM 867914103 660,955 9,896 SH   SOLE 0 9,896 0 0
Superior Industries COM 868168105 942,877 55,301 SH   SOLE 0 55,301 0 0
Timberland Bancorp COM 887098101 31,240 1,000 SH   SOLE 0 1,000 0 0
Toll Brothers COM 889478103 6,606 200 SH   SOLE 0 200 0 0
Triumph Group COM 896818101 905,601 38,867 SH   SOLE 0 38,867 0 0
Umpqua Holdings COM 904214103 20,800 1,000 SH   SOLE 0 1,000 0 0
Unisys Corp COM 909214306 1,343,952 65,880 SH   SOLE 0 65,880 0 0
United Bancshares COM 909458101 1,093,111 47,734 SH   SOLE 0 47,734 0 0
United Technologies COM 913017109 2,646,324 18,928 SH   SOLE 0 18,928 0 0
Wal-Mart Stores COM 931142103 1,834,907 19,539 SH   SOLE 0 19,539 0 0
Walgreens Boots Alliance COM 931427108 1,379,851 18,928 SH   SOLE 0 18,928 0 0
Williams Companies COM 969457100 6,008,847 220,995 SH   SOLE 0 220,995 0 0
Zions Bancorp COM 989701107 733,745 14,631 SH   SOLE 0 14,631 0 0
Zions Bancorp WARRANT 989701115 213,690 11,938 SH   SOLE 0 11,938 0 0
Argan Inc COM 04010e109 1,176,910 27,370 SH   SOLE 0 27,370 0 0
Travelers Companies COM 89417e109 2,481,223 19,129 SH   SOLE 0 19,129 0 0
A T & T COM 00206r102 169,075 5,035 SH   SOLE 0 5,035 0 0
Aceto CONV BOND 004446AD2 1,484,254 1,975,000 PRN   SOLE 0 1,975,000 0 0
Alaska Communications COM 01167p101 975,800 595,000 SH   SOLE 0 595,000 0 0
Alliance Resource Partners COM 01877r108 4,445,384 217,911 SH   SOLE 0 217,911 0 0
American Airlines Group COM 02376R102 577,959 13,984 SH   SOLE 0 13,984 0 0
AmeriServ Financial COM 03074a102 798,600 185,721 SH   SOLE 0 185,721 0 0
Andeavor Logistics COM 03350f106 2,064,674 42,518 SH   SOLE 0 42,518 0 0
Antero Midstream Partners COM 03673l103 2,758,496 96,249 SH   SOLE 0 96,249 0 0
Arcbest Corp COM 03937c105 1,548,502 31,895 SH   SOLE 0 31,895 0 0
Atlas Air Worldwide CONV BOND 049164BH8 1,731,352 1,505,000 PRN   SOLE 0 1,505,000 0 0
BP Midstream Partners COM 0556EL109 1,504,658 80,035 SH   SOLE 0 80,035 0 0
Banc of California COM 05990k106 3,765,462 199,231 SH   SOLE 0 199,231 0 0
Blackstone Group COM 09253u108 227,909 5,985 SH   SOLE 0 5,985 0 0
Carlyle Group COM 14309l102 176,003 7,805 SH   SOLE 0 7,805 0 0
Chesapeake Energy CONV BOND 165167CY1 3,289,208 3,330,000 PRN   SOLE 0 3,330,000 0 0
Cisco Systems COM 17275r102 951,156 19,551 SH   SOLE 0 19,551 0 0
Contura Energy COM 21241b100 1,921,416 24,245 SH   SOLE 0 24,245 0 0
Contura Energy WARRANT 21241b118 1,923,740 42,280 SH   SOLE 0 42,280 0 0
Delek Logistics Partners COM 24664t103 2,213,026 65,089 SH   SOLE 0 65,089 0 0
DowDuPont COM 26078j100 1,273,141 19,797 SH   SOLE 0 19,797 0 0
EQT Midstream Partners COM 26885b100 3,561,225 67,473 SH   SOLE 0 67,473 0 0
Eagle Bancorp COM 26942g100 888,080 48,930 SH   SOLE 0 48,930 0 0
Encore Capital CONV BOND 292554AH5 1,886,694 2,040,000 PRN   SOLE 0 2,040,000 0 0
Energy Transfer Partners COM 29273R109 137,678 6,185 SH   SOLE 0 6,185 0 0
Energy Transfer Equity COM 29273v100 217,429 12,474 SH   SOLE 0 12,474 0 0
EnLink Midstream COM 29336t100 1,150,531 69,941 SH   SOLE 0 69,941 0 0
EnLink Midstream Partners COM 29336u107 4,044,917 217,002 SH   SOLE 0 217,002 0 0
Essa Bancorp COM 29667d104 1,192,687 73,351 SH   SOLE 0 73,351 0 0
EZCorp CONV BOND 302301AB2 3,395,257 3,435,000 PRN   SOLE 0 3,435,000 0 0
Exxon Mobil COM 30231g102 1,923,237 22,621 SH   SOLE 0 22,621 0 0
1st Constitution Bancorp COM 31986n102 257,591 12,444 SH   SOLE 0 12,444 0 0
First United Corp COM 33741h107 1,411,617 75,086 SH   SOLE 0 75,086 0 0
First US Bancshares COM 33744v103 501,761 46,245 SH   SOLE 0 46,245 0 0
GNC Holdings CONV BOND 36191GAB3 2,533,300 3,290,000 PRN   SOLE 0 3,290,000 0 0
General Motors COM 37045v100 13,468 400 SH   SOLE 0 400 0 0
Global Eagle Entertainment CONV BOND 37951DAB8 1,451,033 1,975,000 PRN   SOLE 0 1,975,000 0 0
Goldman Sachs COM 38141g104 4,261,233 19,003 SH   SOLE 0 19,003 0 0
HMN Financial COM 40424g108 1,024,488 49,975 SH   SOLE 0 49,975 0 0
Homestreet COM 43785u102 597,310 22,540 SH   SOLE 0 22,540 0 0
Horizon Global CONV BOND 44052WAA2 1,764,279 2,435,000 PRN   SOLE 0 2,435,000 0 0
Horsehead Holdings WARRANT 44069P118 135,826 3,396 SH   SOLE 0 3,396 0 0
Invensense CONV BOND 46123DAB2 538,328 560,000 PRN   SOLE 0 560,000 0 0
Iridium Communications COM 46269c102 125,933 5,597 SH   SOLE 0 3,940 0 0
iShares 0-5 Yr High Yield Corporate Bond COM 46434v407 784,117 16,655 SH   SOLE 0 16,655 0 0
JPMorgan Chase COM 46625h100 2,572,526 22,798 SH   SOLE 0 22,798 0 0
Jones Energy CONV PREF 48019R207 5,416 600 SH   SOLE 0 600 0 0
KKR & Co COM 48248m102 186,118 6,825 SH   SOLE 0 6,825 0 0
KB HOME CONV BOND 48666KAS8 1,892,066 1,870,000 PRN   SOLE 0 1,870,000 0 0
Kimball Electronics COM 49428j109 1,508,531 76,770 SH   SOLE 0 76,770 0 0
Kinder Morgan COM 49456b101 751,218 42,370 SH   SOLE 0 42,370 0 0
LGI Homes COM 50187t106 808,188 17,036 SH   SOLE 0 17,036 0 0
MPLX COM 55336v100 3,386,963 97,663 SH   SOLE 0 97,663 0 0
Macquarie Infrastructure CONV BOND 55608BAB1 1,809,503 2,010,000 PRN   SOLE 0 2,010,000 0 0
Macys COM 55616p104 13,892 400 SH   SOLE 0 400 0 0
Merck COM 58933y105 1,466,614 20,674 SH   SOLE 0 20,674 0 0
MutualFirst Financial COM 62845b104 1,165,491 31,628 SH   SOLE 0 31,628 0 0
NGL Energy Partners COM 62913M107 3,943,161 339,928 SH   SOLE 0 339,928 0 0
Navistar Intl CONV BOND 63934eaq1 1,425,624 1,430,000 PRN   SOLE 0 1,430,000 0 0
Orchids Paper Products COM 68572n104 90,750 27,500 SH   SOLE 0 27,500 0 0
PDL Biopharma CONV BOND 69329YAG9 3,217,213 3,260,000 PRN   SOLE 0 3,260,000 0 0
Peoples Financial COM 71103b102 1,095,536 84,272 SH   SOLE 0 84,272 0 0
Plains GP Holdings COM 72651a207 1,524,129 62,133 SH   SOLE 0 62,133 0 0
Premier Financial Bancorp COM 74050m105 1,527,266 82,600 SH   SOLE 0 82,600 0 0
QCR Holdings COM 74727a104 4,448,424 108,897 SH   SOLE 0 108,897 0 0
QEP Resources COM 74733v100 16,980 1,500 SH   SOLE 0 1,500 0 0
Pyxus International COM 74737v106 4,600 200 SH   SOLE 0 200 0 0
Rent-A-Center COM 76009n100 8,269 575 SH   SOLE 0 575 0 0
Royal Gold CONV BOND 780287AA6 902,375 895,000 PRN   SOLE 0 895,000 0 0
SB Financial Group COM 78408d105 3,744,970 184,028 SH   SOLE 0 184,028 0 0
SPDR S&P 600 Small Cap Value COM 78464a300 708,724 10,381 SH   SOLE 0 10,381 0 0
SPDR Dow Jones Industrial COM 78467x109 9,747,514 36,867 SH   SOLE 0 36,867 0 0
Sandridge Energy WARRANT 80007p125 201 4,028 SH   SOLE 0 4,028 0 0
SandRidge Energy COM 80007p869 729,540 67,115 SH   SOLE 0 67,115 0 0
SemGroup Corp COM 81663a105 47,694 2,163 SH   SOLE 0 2,163 0 0
Sterling Bancorp COM 85917a100 544,962 24,771 SH   SOLE 0 24,771 0 0
Summit Financial Group COM 86606g101 2,489,631 107,265 SH   SOLE 0 107,265 0 0
Sunpower Corp. CONV BOND 867652AJ8 1,241,655 1,525,000 PRN   SOLE 0 1,525,000 0 0
Sunpower Corp CONV BOND 867652AL3 836,690 1,000,000 PRN   SOLE 0 1,000,000 0 0
Talos Energy COM 87484t108 1,095,532 33,380 SH   SOLE 0 33,380 0 0
Talos Energy WARRANT 87484t116 125,807 27,772 SH   SOLE 0 27,772 0 0
Targa Resources Corp COM 87612g101 4,109,410 72,978 SH   SOLE 0 72,058 0 0
Teekay Corp CONV BOND 87900YAD5 910,540 1,000,000 PRN   SOLE 0 1,000,000 0 0
3M COM 88579y101 3,988,319 18,928 SH   SOLE 0 18,928 0 0
Titan Machinery CONV BOND 88830RAB7 2,295,304 2,327,000 PRN   SOLE 0 2,327,000 0 0
Transmontaigne Partners COM 89376v100 2,583,543 67,105 SH   SOLE 0 67,105 0 0
Two River Bancorp COM 90207c105 1,047,029 60,382 SH   SOLE 0 60,382 0 0
UnitedHealth Group COM 91324p102 5,134,306 19,299 SH   SOLE 0 19,299 0 0
Uniti Group COM 91325v108 702,328 34,855 SH   SOLE 0 34,855 0 0
Vaalco Energy COM 91851c201 477,750 175,000 SH   SOLE 0 175,000 0 0
Verizon COM 92343v104 1,142,386 21,397 SH   SOLE 0 21,397 0 0
Visa COM 92826c839 2,849,158 18,983 SH   SOLE 0 18,983 0 0
Wintrust Financial COM 97650w108 2,417,902 28,466 SH   SOLE 0 28,466 0 0
WPX Energy COM 98212b103 93,149 4,630 SH   SOLE 0 4,630 0 0
Aircastle LTD COM g0129k104 1,729,948 78,957 SH   SOLE 0 78,957 0 0
Bunge Ltd CONV PREF g16962204 2,142,984 19,751 SH   SOLE 0 19,751 0 0
Seagate Technology COM G7945M107 9,470 200 SH   SOLE 0 200 0 0
Genco Shipping WARRANT y2685t123 862 2,155 SH   SOLE 0 2,155 0 0
Genco Shipping COM y2685t131 373,548 26,681 SH   SOLE 0 22,058 0 0
Navios Maritime Acquisition COM y62159101 5,612 11,000 SH   SOLE 0 11,000 0 0
Navios Maritime Holdings COM y62196103 246,479 347,790 SH   SOLE 0 347,790 0 0
Navios Maritime Partners COM y62267102 15,925 9,100 SH   SOLE 0 9,100 0 0
Teekay LNG Partners COM y8564m105 2,544,612 152,372 SH   SOLE 0 152,372 0 0
Teekay Inc COM y8564w103 904,232 134,159 SH   SOLE 0 134,159 0 0
Teekay Offshore Partners COM y8565j101 21,661 9,257 SH   SOLE 0 9,257 0 0
Teekay Tankers COM y8565n102 9,977 10,100 SH   SOLE 0 10,100 0 0