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
Abbott Laboratories Common 002824100 313,921 7,548 SH   SOLE   7,548 0 0
Abbvie Inc Common 00287Y109 338,895 5,867 SH   SOLE   5,867 0 0
Air Industries Group Inc Common 00912N205 541,790 51,016 SH   SOLE   51,016 0 0
Altria Group Inc Common 02209S103 426,854 9,292 SH   SOLE   9,292 0 0
American International Group Common 026874784 14,202,884 262,919 SH   SOLE   262,919 0 0
American River Bankshares Common 029326105 1,384,093 151,267 SH   SOLE   151,267 0 0
Anadarko Petroleum Corp Common 032511107 398,799 3,931 SH   SOLE   3,931 0 0
Ares Capital Corp. Conv Bond 04010LAB9 1,355,250 1,300,000 PRN   SOLE   1,300,000 0 0
AT&T Inc Common 00206R102 347,184 9,852 SH   SOLE   9,852 0 0
Bank of New York Mellon Common 064058100 304,883 7,872 SH   SOLE   7,872 0 0
Barrick Gold Corp Common 067901108 234,296 15,982 SH   SOLE   15,982 0 0
Berkshire Hathaway Inc Cl-B Common 084670702 18,063,463 130,762 SH   SOLE   130,762 0 0
Boeing Co Common 097023105 269,677 2,117 SH   SOLE   2,117 0 0
Bridgeline Digital Inc - Reg D Common 10807Q205 205,263 315,789 SH   SOLE   315,789 0 0
Bristol-Myers Squibb Co Common 110122108 356,469 6,965 SH   SOLE   6,965 0 0
Capital Bank Financial Corp. Common 139794101 5,177,709 216,822 SH   SOLE   216,822 0 0
Capital One Financial Corp. Warrant 14040H139 538,138 13,440 SH   SOLE   13,440 0 0
CenturyLink, Inc. Common 156700106 366,415 8,961 SH   SOLE   8,961 0 0
Cintas Corp Common 172908105 209,088 2,962 SH   SOLE   2,962 0 0
Cisco Systems Inc Common 17275R102 10,906,453 433,312 SH   SOLE   433,312 0 0
Citigroup Inc Common 172967424 8,876,455 171,294 SH   SOLE   171,294 0 0
Coca-Cola Co Common 191216100 345,418 8,097 SH   SOLE   8,097 0 0
Consol Energy Inc Common 20854P109 6,396,371 168,948 SH   SOLE   168,948 0 0
Danaher Corp Common 235851102 11,126,283 146,437 SH   SOLE   146,437 0 0
Dean Foods Company Common 242370203 176,490 13,320 SH   SOLE   13,320 0 0
Eli Lilly & Co Common 532457108 249,672 3,850 SH   SOLE   3,850 0 0
Emerson Electric Co Common 291011104 278,481 4,450 SH   SOLE   4,450 0 0
Exxon Mobil Corp Common 30231G102 481,289 5,117 SH   SOLE   5,117 0 0
Fair Isaac & Co Common 303250104 1,873,856 34,008 SH   SOLE   34,008 0 0
FCB Financial Holdings - A Common 30255G103 1,189,550 52,380 SH   SOLE   52,380 0 0
First Financial Bancorp Warrants Warrant 320209117 364,327 72,720 SH   SOLE   72,720 0 0
Ford Motor Co Common 345370860 1,005,372 67,976 SH   SOLE   67,976 0 0
General Electric Co Common 369604103 511,401 19,961 SH   SOLE   19,961 0 0
Genworth Financial Inc Cl-A Common 37247d106 178,461 13,623 SH   SOLE   13,623 0 0
Goldcorp Inc. Common 380956409 837,601 36,370 SH   SOLE   36,370 0 0
Goldman Sachs Group Inc Common 38141G104 9,396,030 51,185 SH   SOLE   51,185 0 0
Google Inc - Cl A Common 38259P508 3,585,182 6,093 SH   SOLE   6,093 0 0
Google Inc - Cl C Non-Voting Common 38259P706 3,288,643 5,696 SH   SOLE   5,696 0 0
Hartford Financial Service Group Warrants Warrant 416515120 6,908,776 239,058 SH   SOLE   239,058 0 0
Hewlett Packard Co Common 428236103 8,376,560 236,159 SH   SOLE   236,159 0 0
Illinois Tool Works Inc Common 452308109 10,125,166 119,938 SH   SOLE   119,938 0 0
iShares Barclays 1-3 Year Cr ETF 464288646 9,679,127 91,937 SH   SOLE   91,937 0 0
Jefferies Group - Putable at 100 Conv Bond 472319AG7 2,157,300 2,040,000 PRN   SOLE   2,040,000 0 0
Johnson & Johnson Common 478160104 15,924,585 149,400 SH   SOLE   149,400 0 0
Key Energy Services Inc Common 492914106 6,904,071 1,426,461 SH   SOLE   1,426,461 0 0
Kohl's Corp Common 500255104 14,893,456 244,035 SH   SOLE   244,035 0 0
Kroger Co Common 501044101 10,462,324 201,199 SH   SOLE   201,199 0 0
Leucadia National Corp Common 527288104 10,303,457 432,192 SH   SOLE   432,192 0 0
Lincoln National Corp Warrants Warrant 534187117 745,127 16,540 SH   SOLE   16,540 0 0
Loews Corp. Common 540424108 10,274,897 246,637 SH   SOLE   246,637 0 0
Mednax Inc Common 58502B106 307,869 5,616 SH   SOLE   5,616 0 0
Microsoft Corp Common 594918104 10,994,266 237,150 SH   SOLE   237,150 0 0
Morgans Hotel GR Convt. Conv Bond 61748WAB4 1,547,122 1,551,000 PRN   SOLE   1,551,000 0 0
National Bank Holdings Corp. Common 633707104 4,533,142 237,089 SH   SOLE   237,089 0 0
National Presto Industries Common 637215104 7,917,555 130,416 SH   SOLE   130,416 0 0
Newmont Mining Corp Common 651639106 357,851 15,525 SH   SOLE   15,525 0 0
Park National Corp Common 700658107 1,721,311 22,823 SH   SOLE   22,823 0 0
Paychex Inc Common 704326107 370,529 8,383 SH   SOLE   8,383 0 0
Pepsico Inc Common 713448108 350,848 3,769 SH   SOLE   3,769 0 0
RAIT Financial Trust Common 749227609 283,321 38,132 SH   SOLE   38,132 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AB0 2,062,500 2,200,000 PRN   SOLE   2,200,000 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AA2 174,650 140,000 PRN   SOLE   140,000 0 0
Redwood Trust Inc. Conv Bond 758075AB1 1,678,750 1,700,000 PRN   SOLE   1,700,000 0 0
Republic Services Inc Common 760759100 9,601,222 246,059 SH   SOLE   246,059 0 0
Royal Dutch Shell Plc Cl-A Common 780259206 232,729 3,057 SH   SOLE   3,057 0 0
RTI Intl Metals Conv Bond 74973WAB3 1,625,625 1,700,000 PRN   SOLE   1,700,000 0 0
Sandisk Corp. Conv Bond 80004CAD3 2,115,438 1,100,000 PRN   SOLE   1,100,000 0 0
Schwab International Equity Fund ETF Common 808524805 248,625 8,015 SH   SOLE   8,015 0 0
Servisfirst Bancshares Inc Common 81768T108 1,156,608 40,160 SH   SOLE   40,160 0 0
Sirius XM Radio Inc. Common 82968B103 35,019 10,034 SH   SOLE   10,034 0 0
Smith & Wesson Holding Corp Common 831756101 9,223,947 977,113 SH   SOLE   977,113 0 0
State Bank Financial Corp. Common 856190103 1,408,284 86,717 SH   SOLE   86,717 0 0
Stryker Corp Common 863667101 9,475,366 117,342 SH   SOLE   117,342 0 0
Thermo Fisher Scientific Inc Common 883556102 9,222,548 75,781 SH   SOLE   75,781 0 0
Time Warner Inc Common 887317303 275,494 3,663 SH   SOLE   3,663 0 0
Under Armour Inc Common 904311107 225,266 3,260 SH   SOLE   3,260 0 0
Union Pacific Corp Common 907818108 227,465 2,098 SH   SOLE   2,098 0 0
United Parcel Service Inc Cl-B Common 911312106 4,980,747 50,674 SH   SOLE   50,674 0 0
Vanguard Total World Stock ETF Common 922042742 261,747 4,335 SH   SOLE   4,335 0 0
Vantage Drilling Company Common G93205113 25,400 20,000 SH   SOLE   20,000 0 0
Wal-Mart Stores Inc Common 931142103 373,223 4,881 SH   SOLE   4,881 0 0
Waste Management Inc Common 94106L109 387,537 8,154 SH   SOLE   8,154 0 0
WellPoint Inc Common 94973V107 13,577,468 113,505 SH   SOLE   113,505 0 0
Wells Fargo & Co Common 949746101 11,858,934 228,628 SH   SOLE   228,628 0 0
Xerox Corp Common 984121103 13,147,035 993,729 SH   SOLE   993,729 0 0