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 344 7,642 SH   SOLE   7,642 0 0
Abbvie Inc Common 00287Y109 397 6,062 SH   SOLE   6,062 0 0
Activis PLC Common G0083B108 202 785 SH   SOLE   785 0 0
Air Industries Group Inc Common 00912N205 478 45,466 SH   SOLE   45,466 0 0
Altria Group Inc Common 02209S103 458 9,300 SH   SOLE   9,300 0 0
American International Group Common 026874784 14,852 265,160 SH   SOLE   265,160 0 0
American River Bankshares Common 029326105 1,462 155,162 SH   SOLE   155,162 0 0
Anadarko Petroleum Corp Common 032511107 348 4,221 SH   SOLE   4,221 0 0
Anthem Inc. Common 036752103 13,566 107,948 SH   SOLE   107,948 0 0
Ares Capital Corp. Conv Bond 04010LAB9 2,370 2,300,000 PRN   SOLE   2,300,000 0 0
AT&T Inc Common 00206R102 331 9,851 SH   SOLE   9,851 0 0
Bank of New York Mellon Common 064058100 321 7,905 SH   SOLE   7,905 0 0
Berkshire Hathaway Inc Cl-B Common 084670702 19,336 128,777 SH   SOLE   128,777 0 0
Boeing Co Common 097023105 273 2,101 SH   SOLE   2,101 0 0
Bristol-Myers Squibb Co Common 110122108 388 6,575 SH   SOLE   6,575 0 0
Capital One Financial Corp. Warrant 14040H139 553 13,440 SH   SOLE   13,440 0 0
CenturyLink, Inc. Common 156700106 355 8,961 SH   SOLE   8,961 0 0
Cintas Corp Common 172908105 232 2,962 SH   SOLE   2,962 0 0
Cisco Systems Inc Common 17275R102 12,137 436,347 SH   SOLE   436,347 0 0
Citigroup Inc Common 172967424 9,283 171,560 SH   SOLE   171,560 0 0
Coca-Cola Co Common 191216100 356 8,441 SH   SOLE   8,441 0 0
Consol Energy Inc Common 20854P109 5,675 167,859 SH   SOLE   167,859 0 0
Danaher Corp Common 235851102 12,373 144,364 SH   SOLE   144,364 0 0
Dean Foods Company Common 242370203 400 20,664 SH   SOLE   20,664 0 0
Eli Lilly & Co Common 532457108 294 4,261 SH   SOLE   4,261 0 0
Emerson Electric Co Common 291011104 286 4,641 SH   SOLE   4,641 0 0
Exxon Mobil Corp Common 30231G102 471 5,099 SH   SOLE   5,099 0 0
Fair Isaac & Co Common 303250104 2,437 33,709 SH   SOLE   33,709 0 0
FCB Financial Holdings - A Common 30255G103 1,291 52,380 SH   SOLE   52,380 0 0
First Financial Bancorp Warrants Warrant 320209117 469 72,720 SH   SOLE   72,720 0 0
Fiserv Inc Wisconsin Common 337738108 215 3,036 SH   SOLE   3,036 0 0
General Electric Co Common 369604103 509 20,157 SH   SOLE   20,157 0 0
Goldman Sachs Group Inc Common 38141G104 9,840 50,764 SH   SOLE   50,764 0 0
Google Inc - Cl A Common 38259P508 3,372 6,354 SH   SOLE   6,354 0 0
Google Inc - Cl C Non-Voting Common 38259P706 2,968 5,638 SH   SOLE   5,638 0 0
Hartford Financial Service Group Warrants Warrant 416515120 7,916 233,513 SH   SOLE   233,513 0 0
Hewlett Packard Co Common 428236103 9,258 230,710 SH   SOLE   230,710 0 0
Illinois Tool Works Inc Common 452308109 11,069 116,881 SH   SOLE   116,881 0 0
iShares Barclays 1-3 Year Cr ETF 464288646 8,021 76,258 SH   SOLE   76,258 0 0
Jefferies Group - Putable at 100 Conv Bond 472319AG7 2,108 2,040,000 PRN   SOLE   2,040,000 0 0
Johnson & Johnson Common 478160104 15,495 148,177 SH   SOLE   148,177 0 0
Kohl's Corp Common 500255104 14,936 244,689 SH   SOLE   244,689 0 0
Kroger Co Common 501044101 12,181 189,704 SH   SOLE   189,704 0 0
Leucadia National Corp Common 527288104 9,728 433,901 SH   SOLE   433,901 0 0
Lincoln National Corp Warrants Warrant 534187117 817 16,540 SH   SOLE   16,540 0 0
Loews Corp. Common 540424108 10,475 249,280 SH   SOLE   249,280 0 0
Mednax Inc Common 58502B106 370 5,596 SH   SOLE   5,596 0 0
Microsoft Corp Common 594918104 10,873 234,090 SH   SOLE   234,090 0 0
National Presto Industries Common 637215104 7,414 127,732 SH   SOLE   127,732 0 0
Newmont Mining Corp Common 651639106 325 17,207 SH   SOLE   17,207 0 0
Park National Corp Common 700658107 2,019 22,823 SH   SOLE   22,823 0 0
Paychex Inc Common 704326107 390 8,450 SH   SOLE   8,450 0 0
Pepsico Inc Common 713448108 240 2,537 SH   SOLE   2,537 0 0
RAIT Financial Trust Common 749227609 277 36,077 SH   SOLE   36,077 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AA2 178 140,000 PRN   SOLE   140,000 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AB0 1,973 2,200,000 PRN   SOLE   2,200,000 0 0
Redwood Trust Inc. Conv Bond 758075AB1 2,263 2,300,000 PRN   SOLE   2,300,000 0 0
Republic Services Inc Common 760759100 9,969 247,675 SH   SOLE   247,675 0 0
Royal Dutch Shell Plc Cl-A Common 780259206 205 3,057 SH   SOLE   3,057 0 0
RTI Intl Metals Conv Bond 74973WAB3 2,332 2,400,000 PRN   SOLE   2,400,000 0 0
Sandisk Corp. Conv Bond 80004CAD3 2,112 1,100,000 PRN   SOLE   1,100,000 0 0
Schwab International Equity Fund ETF Common 808524805 232 8,015 SH   SOLE   8,015 0 0
Servisfirst Bancshares Inc Common 81768T108 665 20,180 SH   SOLE   20,180 0 0
Smith & Wesson Holding Corp Common 831756101 9,299 981,948 SH   SOLE   981,948 0 0
State National Companies Inc. Common 85711T305 240 20,000 SH   SOLE   20,000 0 0
Stryker Corp Common 863667101 10,661 113,023 SH   SOLE   113,023 0 0
Thermo Fisher Scientific Inc Common 883556102 9,152 73,044 SH   SOLE   73,044 0 0
Time Warner Inc Common 887317303 309 3,618 SH   SOLE   3,618 0 0
Under Armour Inc Common 904311107 221 3,260 SH   SOLE   3,260 0 0
Union Pacific Corp Common 907818108 250 2,098 SH   SOLE   2,098 0 0
United Parcel Service Inc Cl-B Common 911312106 5,628 50,629 SH   SOLE   50,629 0 0
Vanguard Total World Stock ETF Common 922042742 261 4,335 SH   SOLE   4,335 0 0
Vantage Drilling Company Common G93205113 10 20,000 SH   SOLE   20,000 0 0
Wal-Mart Stores Inc Common 931142103 421 4,905 SH   SOLE   4,905 0 0
Waste Management Inc Common 94106L109 421 8,201 SH   SOLE   8,201 0 0
Wells Fargo & Co Common 949746101 12,243 223,335 SH   SOLE   223,335 0 0
Xerox Corp Common 984121103 13,405 967,205 SH   SOLE   967,205 0 0