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 341 7,363 SH   SOLE   7,363 0 0
Abbvie Inc Common 00287Y109 348 5,942 SH   SOLE   5,942 0 0
Activis PLC Common G0083B108 237 795 SH   SOLE   795 0 0
Air Industries Group Inc Common 00912N205 456 44,966 SH   SOLE   44,966 0 0
Altria Group Inc Common 02209S103 491 9,808 SH   SOLE   9,808 0 0
American International Group Common 026874784 14,469 264,074 SH   SOLE   264,074 0 0
American River Bankshares Common 029326105 1,444 152,522 SH   SOLE   152,522 0 0
Anadarko Petroleum Corp Common 032511107 353 4,268 SH   SOLE   4,268 0 0
Anthem Inc. Common 036752103 16,150 104,594 SH   SOLE   104,594 0 0
Ares Capital Corp. Conv Bond 04010LAB9 2,373 2,300,000 PRN   SOLE   2,300,000 0 0
AT&T Inc Common 00206R102 322 9,858 SH   SOLE   9,858 0 0
Bank of New York Mellon Common 064058100 332 8,255 SH   SOLE   8,255 0 0
Barrick Gold Corp Common 067901108 158 14,373 SH   SOLE   14,373 0 0
Berkshire Hathaway Inc Cl-B Common 084670702 18,218 126,233 SH   SOLE   126,233 0 0
Boeing Co Common 097023105 316 2,103 SH   SOLE   2,103 0 0
Bridgeline Digital Inc - Reg D Common 10807Q205 155 315,789 SH   SOLE   315,789 0 0
Bristol-Myers Squibb Co Common 110122108 447 6,925 SH   SOLE   6,925 0 0
Capital One Financial Corp. Warrant 14040H139 498 13,440 SH   SOLE   13,440 0 0
CenturyLink, Inc. Common 156700106 285 8,261 SH   SOLE   8,261 0 0
Chevron Corp Common 166764100 398 3,793 SH   SOLE   3,793 0 0
Cintas Corp Common 172908105 238 2,912 SH   SOLE   2,912 0 0
Cisco Systems Inc Common 17275R102 11,879 431,555 SH   SOLE   431,555 0 0
Citigroup Inc Common 172967424 8,812 171,038 SH   SOLE   171,038 0 0
Coca-Cola Co Common 191216100 342 8,436 SH   SOLE   8,436 0 0
Consol Energy Inc Common 20854P109 4,815 172,649 SH   SOLE   172,649 0 0
Danaher Corp Common 235851102 12,029 141,685 SH   SOLE   141,685 0 0
Dean Foods Company Common 242370203 342 20,664 SH   SOLE   20,664 0 0
Eli Lilly & Co Common 532457108 310 4,261 SH   SOLE   4,261 0 0
Emerson Electric Co Common 291011104 253 4,476 SH   SOLE   4,476 0 0
Exxon Mobil Corp Common 30231G102 604 7,109 SH   SOLE   7,109 0 0
Fair Isaac & Co Common 303250104 2,769 31,209 SH   SOLE   31,209 0 0
First Financial Bancorp Warrants Warrant 320209117 436 72,720 SH   SOLE   72,720 0 0
Fiserv Inc Wisconsin Common 337738108 241 3,036 SH   SOLE   3,036 0 0
General Electric Co Common 369604103 557 22,457 SH   SOLE   22,457 0 0
Genworth Financial Inc Cl-A Common 37247d106 100 13,618 SH   SOLE   13,618 0 0
Goldcorp Inc. Common 380956409 190 10,475 SH   SOLE   10,475 0 0
Goldman Sachs Group Inc Common 38141G104 9,477 50,417 SH   SOLE   50,417 0 0
Google Inc - Cl A Common 38259P508 3,572 6,439 SH   SOLE   6,439 0 0
Google Inc - Cl C Non-Voting Common 38259P706 3,043 5,553 SH   SOLE   5,553 0 0
Hartford Financial Service Group Warrants Warrant 416515120 7,820 229,863 SH   SOLE   229,863 0 0
Hewlett Packard Co Common 428236103 7,002 224,719 SH   SOLE   224,719 0 0
Hornbeck Offshore Services Conv Bond 440543AN6 1,929 2,400,000 PRN   SOLE   2,400,000 0 0
Illinois Tool Works Inc Common 452308109 11,130 114,582 SH   SOLE   114,582 0 0
iShares Barclays 1-3 Year Cr ETF 464288646 8,588 81,378 SH   SOLE   81,378 0 0
Jefferies Group - Putable at 100 Conv Bond 472319AG7 2,062 2,040,000 PRN   SOLE   2,040,000 0 0
Johnson & Johnson Common 478160104 14,772 146,844 SH   SOLE   146,844 0 0
Kohl's Corp Common 500255104 18,465 235,970 SH   SOLE   235,970 0 0
Kroger Co Common 501044101 13,823 180,310 SH   SOLE   180,310 0 0
Leucadia National Corp Common 527288104 9,910 444,584 SH   SOLE   444,584 0 0
Lincoln National Corp Warrants Warrant 534187117 817 16,540 SH   SOLE   16,540 0 0
Loews Corp. Common 540424108 10,325 252,888 SH   SOLE   252,888 0 0
Mednax Inc Common 58502B106 401 5,531 SH   SOLE   5,531 0 0
Merck & Co Inc Common 58933Y105 205 3,569 SH   SOLE   3,569 0 0
Microsoft Corp Common 594918104 9,376 230,619 SH   SOLE   230,619 0 0
National Presto Industries Common 637215104 8,515 134,329 SH   SOLE   134,329 0 0
Newmont Mining Corp Common 651639106 374 17,207 SH   SOLE   17,207 0 0
Park National Corp Common 700658107 1,953 22,823 SH   SOLE   22,823 0 0
Paychex Inc Common 704326107 423 8,516 SH   SOLE   8,516 0 0
Pepsico Inc Common 713448108 243 2,542 SH   SOLE   2,542 0 0
Petroleo Brasileiro S.A Common 71654V408 71 11,757 SH   SOLE   11,757 0 0
Procter & Gamble Co Common 742718109 477 5,823 SH   SOLE   5,823 0 0
RAIT Financial Trust Common 749227609 251 36,622 SH   SOLE   36,622 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AB0 1,876 2,200,000 PRN   SOLE   2,200,000 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AA2 166 140,000 PRN   SOLE   140,000 0 0
Redwood Trust Inc. Conv Bond 758075AB1 2,276 2,300,000 PRN   SOLE   2,300,000 0 0
Republic Services Inc Common 760759100 9,891 243,861 SH   SOLE   243,861 0 0
RTI Intl Metals Conv Bond 74973WAB3 2,760 2,400,000 PRN   SOLE   2,400,000 0 0
Sandisk Corp. Conv Bond 80004CAD3 1,498 1,100,000 PRN   SOLE   1,100,000 0 0
Schwab International Equity Fund ETF Common 808524805 242 8,015 SH   SOLE   8,015 0 0
Servisfirst Bancshares Inc Common 81768T108 2,924 88,648 SH   SOLE   88,648 0 0
Sirius XM Radio Inc. Common 82968B103 38 10,034 SH   SOLE   10,034 0 0
Smith & Wesson Holding Corp Common 831756101 12,340 969,376 SH   SOLE   969,376 0 0
State National Companies Inc. Common 85711T305 199 20,000 SH   SOLE   20,000 0 0
Stryker Corp Common 863667101 10,290 111,549 SH   SOLE   111,549 0 0
Thermo Fisher Scientific Inc Common 883556102 9,534 70,968 SH   SOLE   70,968 0 0
Time Warner Inc Common 887317303 303 3,593 SH   SOLE   3,593 0 0
Under Armour Inc Common 904311107 263 3,260 SH   SOLE   3,260 0 0
Union Pacific Corp Common 907818108 227 2,098 SH   SOLE   2,098 0 0
Vanguard Total World Stock ETF Common 922042742 267 4,335 SH   SOLE   4,335 0 0
Vantage Drilling Company Common G93205113 7 20,000 SH   SOLE   20,000 0 0
Wal-Mart Stores Inc Common 931142103 419 5,090 SH   SOLE   5,090 0 0
Waste Management Inc Common 94106L109 425 7,842 SH   SOLE   7,842 0 0
Wells Fargo & Co Common 949746101 11,930 219,302 SH   SOLE   219,302 0 0
Xerox Corp Common 984121103 12,060 938,540 SH   SOLE   938,540 0 0