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
AIR TRANSPORT SERVICES GRP I COM 00922R105 3,112 142,905 SH   SOLE 142,905 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 14,774 777,581 SH   SOLE 777,581 0 0
BANC OF CALIFORNIA INC COM 05990K106 12,014 558,776 SH   SOLE 558,776 0 0
BANNER CORP COM NEW 06652V208 13,364 236,482 SH   SOLE 236,482 0 0
BMC STK HLDGS INC COM 05591B109 3,250 148,760 SH   SOLE 148,760 0 0
CENTERSTATE BANKS INC COM 15201P109 11,926 479,714 SH   SOLE 479,714 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 3,595 141,420 SH   SOLE 141,420 0 0
COMERICA INC COM 200340107 13,476 184,001 SH   SOLE 184,001 0 0
EAGLE BANCORP INC MD COM 268948106 5,498 86,851 SH   SOLE 86,851 0 0
ENCORE WIRE CORP COM 292562105 3,745 87,707 SH   SOLE 87,707 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 9,795 319,692 SH   SOLE 319,692 0 0
FB FINL CORP COM 30257X104 9,952 275,000 SH   SOLE 275,000 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 528 11,781 SH   SOLE 11,781 0 0
FIRST HORIZON NATL CORP COM 320517105 7,949 456,300 SH   SOLE 456,300 0 0
GLACIER BANCORP INC NEW COM 37637Q105 5,541 151,354 SH   SOLE 151,354 0 0
GREEN PLAINS PARTNERS LP COM REP PTR IN 393221106 4,928 263,546 SH   SOLE 263,546 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 14,738 541,833 SH   SOLE 541,833 0 0
HANCOCK HLDG CO COM 410120109 6,312 128,826 SH   SOLE 128,826 0 0
HERITAGE FINL CORP WASH COM 42722X106 9,982 376,686 SH   SOLE 376,686 0 0
INVESTAR HLDG CORP COM 46134L105 6,785 296,284 SH   SOLE 296,284 0 0
ISHARES TR SELECT DIVID ETF 464287168 876 9,500 SH   SOLE 9,500 0 0
ISHARES TR MSCI EAFE ETF 464287465 587 9,000 SH   SOLE 9,000 0 0
JOHNSON & JOHNSON COM 478160104 403 3,050 SH   SOLE 3,050 0 0
KLX INC COM 482539103 4,933 98,650 SH   SOLE 98,650 0 0
KULICKE & SOFFA INDS INC COM 501242101 2,808 147,641 SH   SOLE 147,641 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 399 5,084 SH   SOLE 5,084 0 0
MISTRAS GROUP INC COM 60649T107 2,307 105,000 SH   SOLE 105,000 0 0
NATIONAL COMM CORP COM 63546L102 11,653 294,641 SH   SOLE 294,641 0 0
NEXEO SOLUTIONS INC COM SHS 65342H102 2,063 258,614 SH   SOLE 258,614 0 0
PACIFIC PREMIER BANCORP COM 69478X105 2,952 79,991 SH   SOLE 79,991 0 0
PACWEST BANCORP DEL COM 695263103 5,080 108,787 SH   SOLE 108,787 0 0
PARK STERLING CORP COM 70086Y105 7,062 594,462 SH   SOLE 594,462 0 0
PEOPLES UTAH BANCORP COM 712706209 11,712 437,028 SH   SOLE 437,028 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 7,711 122,783 SH   SOLE 122,783 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 730 47,500 SH   SOLE 47,500 0 0
PROCTER AND GAMBLE CO COM 742718109 223 2,560 SH   SOLE 2,560 0 0
REGIONS FINL CORP NEW COM 7591EP100 10,427 712,239 SH   SOLE 712,239 0 0
SANDY SPRING BANCORP INC COM 800363103 10,389 255,512 SH   SOLE 255,512 0 0
SMARTFINANCIAL INC COM NEW 83190L208 6,793 284,463 SH   SOLE 284,463 0 0
SOUTH ST CORP COM 840441109 7,588 88,543 SH   SOLE 88,543 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 14,673 1,448,500 SH   SOLE 1,448,500 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 116 18,310 SH   SOLE 18,310 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 5,936 128,548 SH   SOLE 128,548 0 0
SUNTRUST BKS INC COM 867914103 6,040 106,492 SH   SOLE 106,492 0 0
SYNOVUS FINL CORP COM NEW 87161C501 13,631 308,112 SH   SOLE 308,112 0 0
TEAM INC COM 878155100 925 39,452 SH   SOLE 39,452 0 0
UMPQUA HLDGS CORP COM 904214103 8,397 457,368 SH   SOLE 457,368 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 306 6,126 SH   SOLE 6,126 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 293 7,174 SH   SOLE 7,174 0 0
VANGUARD WORLD FDS INF TECH ETF 92204a702 338 2,400 SH   SOLE 2,400 0 0
VERITEX HLDGS INC COM 923451108 15,483 588,048 SH   SOLE 588,048 0 0
WASTE MGMT INC DEL COM 94106L109 496 6,760 SH   SOLE 6,760 0 0
ZIONS BANCORPORATION COM 989701107 8,721 198,600 SH   SOLE 198,600 0 0