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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AIR TRANSPORT SERVICES GRP ICOM00922R1053,656145,905SH SOLE 145,90500
ALTABANCORPCOM0213471097,346365,087SH SOLE 365,08700
AMERIS BANCORPCOM03076K1083,879170,289SH SOLE 170,28900
ATLANTIC UN BANKSHARES CORPCOM04911A1074,989233,470SH SOLE 233,47000
BANC OF CALIFORNIA INCCOM05990K1066,472639,499SH SOLE 639,49900
BANNER CORPCOM NEW06652V2087,943246,212SH SOLE 246,21200
CADENCE BANCORPORATIONCL A12739A1007,718898,454SH SOLE 898,45400
CAL MAINE FOODS INCCOM NEW12803020295925,000SH SOLE 25,00000
COLUMBUS MCKINNON CORP N YCOM1993331053,29699,565SH SOLE 99,56500
COVENANT LOGISTICS GROUP INCCL A22284P10591852,460SH SOLE 52,46000
ENCORE WIRE CORPCOM2925621052,81560,651SH SOLE 60,65100
FIDELITY NATIONAL FINANCIALFNF GROUP COM31620R30332210,281SH SOLE 10,28100
FIRST HORIZON NATL CORPCOM3205171055,791614,100SH SOLE 614,10000
FRANCO NEV CORPCOM35185810511,46682,150SH SOLE 82,15000
GLACIER BANCORP INC NEWCOM37637Q1056,128191,197SH SOLE 191,19700
HANCOCK WHITNEY CORPORATIONCOM4101201097,026373,538SH SOLE 373,53800
HERITAGE FINL CORP WASHCOM42722X1064,953269,345SH SOLE 269,34500
HILLTOP HOLDINGS INCCOM4327481017,763377,221SH SOLE 377,22100
INVESCO EXCHANGE TRADED FD TINTL DIVI ACHI46137V54853942,500SH SOLE 42,50000
ISHARES TRMSCI EAFE ETF4642874655739,000SH SOLE 9,00000
ISHARES TRSELECT DIVID ETF4642871684475,484SH SOLE 5,48400
JOHNSON & JOHNSONCOM4781601042311,550SH SOLE 1,55000
MACQUARIE INFRASTRUCTURE CORCOM55608B1051,82968,000SH SOLE 68,00000
NEWMONT CORPCOM65163910612,014189,350SH SOLE 189,35000
PACWEST BANCORP DELCOM6952631032,461144,090SH SOLE 144,09000
PINNACLE FINL PARTNERS INCCOM72346Q1048,604241,740SH SOLE 241,74000
PNC FINL SVCS GROUP INCCOM6934751055,88053,500SH SOLE 53,50000
REGIONS FINANCIAL CORP NEWCOM7591EP1005,939515,059SH SOLE 515,05900
RENASANT CORPCOM75970E1075,595246,267SH SOLE 246,26700
SANDY SPRING BANCORP INCCOM8003631039,501411,653SH SOLE 411,65300
SMARTFINANCIAL INCCOM NEW83190L2082,981219,337SH SOLE 219,33700
SPROTT PHYSICAL GOLD TRUNIT85207H10422,2581,478,918SH SOLE 1,478,91800
SYNOVUS FINL CORPCOM NEW87161C5017,216340,873SH SOLE 340,87300
TRIUMPH BANCORP INCCOM89679E3006,632212,980SH SOLE 212,98000
UMPQUA HLDGS CORPCOM9042141036,053570,000SH SOLE 570,00000
UNIVAR SOLUTIONS USA INCCOM91336L1072,779164,626SH SOLE 164,62600
UNIVERSAL STAINLESS & ALLOYCOM9138371001,464266,748SH SOLE 266,74800
VANECK VECTORS ETF TRGOLD MINERS ETF92189F10610,632271,500SH SOLE 271,50000
VANGUARD INTL EQUITY INDEX FALLWRLD EX US92204277580215,897SH SOLE 15,89700
VANGUARD WORLD FDSINF TECH ETF92204a7023741,200SH SOLE 1,20000
VERITEX HLDGS INCCOM9234511086,662391,200SH SOLE 391,20000
WASTE MGMT INC DELCOM94106L1093853,406SH SOLE 3,40600
ZIONS BANCORPORATION N ACOM9897011074,807164,518SH SOLE 164,51800