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 LABS COM 002824100 306 7,367 SH   SOLE   0 0 7,367
ABBVIE INC COM 00287Y109 395 6,846 SH   SOLE   3,400 0 3,446
ABERDEEN ASIA PACIFIC INCOM COM 003009107 88 14,997 SH   SOLE   0 0 14,997
ADAMS EXPRESS CO COM 006212104 219 15,735 SH   SOLE   0 0 15,735
ALCOA INC COM COM 013817101 302 18,741 SH   SOLE   0 0 18,741
ALLSTATE CORP COM 020002101 223 3,628 SH   SOLE   0 0 3,628
ALTRIA GROUP INC COM 02209S103 234 5,100 SH   SOLE   4,500 0 600
AMAZON COM INC COM 023135106 726 2,253 SH   SOLE   2,100 0 153
AMGEN INC COM 031162100 328 2,336 SH   SOLE   1,400 0 936
ANCHOR BANCORP WA COM 032838104 437 21,200 SH   SOLE   0 0 21,200
APACHE CORP COM 037411105 635 6,766 SH   SOLE   5,800 0 966
APPLE INC COM 037833100 1,059 10,516 SH   SOLE   1,400 0 9,116
AT&T INC COM 00206R102 509 14,451 SH   SOLE   6,200 0 8,251
ATLANTIC PWR CORP COM NEW 04878Q863 370 155,500 SH   SOLE   155,500 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 274 3,298 SH   SOLE   3,000 0 298
AUTOZONE INC COM 053332102 714 1,400 SH   SOLE   1,400 0 0
AXIALL CORP COM 05463D100 499 13,940 SH   SOLE   11,800 0 2,140
B & G FOODS INC NEW COM 05508R106 574 20,850 SH   SOLE   20,400 0 450
BAKER HUGHES INC COM 057224107 540 8,300 SH   SOLE   8,100 0 200
BANK N S HALIFAX COM 064149107 662 10,708 SH   SOLE   9,400 0 1,308
BANK OF AMERICA CORPORATION COM 060505104 933 54,750 SH   SOLE   44,300 0 10,450
BARD C R INC COM 067383109 214 1,500 SH   SOLE   1,500 0 0
BARRICK GOLD CORP COM 067901108 465 31,710 SH   SOLE   31,200 0 510
BB&T CORP COM 054937107 242 6,500 SH   SOLE   6,500 0 0
BGC PARTNERS INC CL A 05541T101 702 94,509 SH   SOLE   80,000 0 14,509
BHP BILLITON LTD SPONSORED ADR 088606108 262 4,458 SH   SOLE   0 0 4,458
BLOCK H & R INC COM 093671105 306 9,862 SH   SOLE   0 0 9,862
BOEING CO COM 097023105 882 6,926 SH   SOLE   6,200 0 726
BP PLC SPONSORED ADR 055622104 218 4,970 SH   SOLE   0 0 4,970
BRISTOL MYERS SQUIBB CO COM 110122108 1,124 21,966 SH   SOLE   11,400 0 10,566
CASCADE BANCORP COM 147154108 51 10,000 SH   SOLE   0 0 10,000
CATERPILLAR INC DEL COM 149123101 561 5,660 SH   SOLE   5,000 0 660
CHEVRON CORP NEW COM 166764100 449 3,764 SH   SOLE   1,400 0 2,364
CINCINNATI FINL CORP COM 172062101 779 16,550 SH   SOLE   15,600 0 950
CIRRUS LOGIC I NC COM 172755100 528 25,300 SH   SOLE   24,600 0 700
CITIGROUP INC COM NEW 172967424 841 16,220 SH   SOLE   16,000 0 220
CLIFTON BANCORP INC COM 186873105 126 10,000 SH   SOLE   0 0 10,000
CLOROX CO DEL COM 189054109 250 2,604 SH   SOLE   2,300 0 304
COLGATE PALMOLIVE CO COM 194162103 594 9,100 SH   SOLE   9,100 0 0
CONOCOPHILLIPS COM 20825C104 443 5,788 SH   SOLE   0 0 5,788
CONSOLIDATED EDISON INC COM 209115104 361 6,371 SH   SOLE   2,500 0 3,871
CREDIT SUISSE ASSET MGMT INC COM 224916106 511 149,317 SH   SOLE   0 0 149,317
CYPRESS SEMICONDUCTOR CORP COM 232806109 934 94,606 SH   SOLE   57,400 0 37,206
D R HORTON INC COM 23331A109 348 16,935 SH   SOLE   0 0 16,935
DEVON ENERGY CORP NEW COM 25179M103 765 11,225 SH   SOLE   8,000 0 3,225
DIAMOND OFFSHORE DRILLING IN COM 25271C102 748 21,834 SH   SOLE   16,300 0 5,534
DIANA CONTAINERSHIPS INC COM Y2069P101 695 308,698 SH   SOLE   209,800 0 98,898
DOLLAR TREE INC COM 256746108 900 16,050 SH   SOLE   13,500 0 2,550
DOMINOS PIZZA INC COM 25754A201 1,002 13,023 SH   SOLE   11,400 0 1,623
DR PEPPER SNAPPLE GROUP INC COM 26138E109 835 12,981 SH   SOLE   10,900 0 2,081
DU PONT E I DE NEMOURS & CO COM 263534109 389 5,415 SH   SOLE   0 0 5,415
EATON VANCE TX MGD DIV EQ IN COM 27828N102 176 15,406 SH   SOLE   0 0 15,406
EDWARDS LIFESCIENCES CORP COM 28176E108 807 7,900 SH   SOLE   7,900 0 0
EOG RES INC COM 26875P101 574 5,800 SH   SOLE   5,800 0 0
EXXON MOBIL CORP COM 30231G102 295 3,140 SH   SOLE   0 0 3,140
EZCORP INC CLA NON VTG 302301106 1,381 139,317 SH   SOLE   104,800 0 34,517
FEDERATED INVS INC PA CL B 314211103 2,276 77,505 SH   SOLE   56,500 0 21,005
FIRST AMERN FINL CORP COM 31847R102 314 11,563 SH   SOLE   0 0 11,563
FRANKLIN RES INC COM 354613101 204 3,739 SH   SOLE   3,300 0 439
GENERAL ELECTRIC CO COM 369604103 354 13,810 SH   SOLE   0 0 13,810
GENUINE PARTS CO COM 372460105 219 2,500 SH   SOLE   2,500 0 0
GOOGLE INC CL A 38259P508 209 355 SH   SOLE   0 0 355
GRACE W R & CO DEL NEW COM 38388F108 621 6,825 SH   SOLE   6,200 0 625
HEALTHCARE SVCS GRP INC COM 421906108 272 9,500 SH   SOLE   0 0 9,500
HELMERICH & PAYNE INC COM 423452101 271 2,772 SH   SOLE   1,800 0 972
HOME DEPOT INC COM 437076102 1,291 14,077 SH   SOLE   12,700 0 1,377
IAO KUN GROUP HLDG CO LTD ORD USD SHS G47204105 80 34,766 SH   SOLE   0 0 34,766
IDEXX LABS INC COM 45168D104 796 6,755 SH   SOLE   6,200 0 555
INFOSYS LTD SPONSORED ADR 456788108 318 5,260 SH   SOLE   0 0 5,260
INTEL CORP COM 458140100 360 10,341 SH   SOLE   0 0 10,341
INTERSECTIONS INC COM 460981301 58 15,147 SH   SOLE   0 0 15,147
ISHARES TIPS BD ETF 464287176 266 2,371 SH   SOLE   0 0 2,371
ISHARES MSCI EAFE ETF 464287465 224 3,492 SH   SOLE   0 0 3,492
JABIL CIRCUIT INC COM 466313103 586 29,031 SH   SOLE   26,800 0 2,231
JOHNSON & JOHNSON COM 478160104 512 4,801 SH   SOLE   2,000 0 2,801
L-3 COMMUNICATIONS HLDGS INC COM 502424104 228 1,915 SH   SOLE   0 0 1,915
LENNAR CORP CL A 526057104 201 5,184 SH   SOLE   0 0 5,184
LINCOLN NATL CORP IND COM 534187109 624 11,645 SH   SOLE   10,000 0 1,645
LINEAR TECHNOLOGY CORP COM 535678106 224 5,040 SH   SOLE   4,300 0 740
LINNCO LLC COMSHS LTD INT 535782106 1,901 65,680 SH   SOLE   63,000 0 2,680
LOWES COS INC COM 548661107 247 4,668 SH   SOLE   4,200 0 468
MALVERN BANCORP INC COM 561409103 114 10,000 SH   SOLE   0 0 10,000
MARKET VECTORS ETF TR INVT GRD FL RT 57060U514 360 14,300 SH   SOLE   0 0 14,300
MAXIM INTEGRATED PRODS INC COM 57772K101 366 12,100 SH   SOLE   7,000 0 5,100
MCDONALDS CORP COM 580135101 440 4,641 SH   SOLE   1,900 0 2,741
MEDTRONIC INC COM 585055106 275 4,432 SH   SOLE   3,600 0 832
MICROCHIP TECHNOLOGY INC COM 595017104 253 5,350 SH   SOLE   0 0 5,350
MICROSOFT CORP COM 594918104 602 12,983 SH   SOLE   0 0 12,983
NATIONAL HEALTHCARE CORP COM 635906100 261 4,700 SH   SOLE   0 0 4,700
NEW YORK CMNTY BANCORP INC COM 649445103 730 45,971 SH   SOLE   37,200 0 8,771
NUCOR CORP COM 670346105 234 4,318 SH   SOLE   3,600 0 718
NVIDIA CORP COM 67066G104 203 11,000 SH   SOLE   0 0 11,000
OLD NATL BANCORP IND COM 680033107 137 10,600 SH   SOLE   0 0 10,600
OPKO HEALTH INC COM 68375N103 741 87,088 SH   SOLE   78,300 0 8,788
PATTERSON COMPANIES INC COM 703395103 972 23,463 SH   SOLE   19,600 0 3,863
PAYCHEX INC COM 704326107 1,427 32,291 SH   SOLE   19,400 0 12,891
PEABODY ENERGY CORP COM 704549104 563 45,485 SH   SOLE   43,600 0 1,885
PENN WEST PEPE LTD NEW COM 707887105 129 19,054 SH   SOLE   0 0 19,054
PEPSICO INC COM 713448108 390 4,185 SH   SOLE   2,500 0 1,685
PETMED EXPRESS INC COM 716382106 315 23,140 SH   SOLE   10,000 0 13,140
PETSMART INC COM 716768106 918 13,101 SH   SOLE   12,200 0 901
PHILIP MORRIS INTL INC COM 718172109 821 9,849 SH   SOLE   7,000 0 2,849
PRICE T ROWE GROUP INC COM 74144T108 303 3,861 SH   SOLE   2,600 0 1,261
PROCTER & GAMBLE CO COM 742718109 295 3,518 SH   SOLE   2,200 0 1,318
PROSPECT CAPITAL CORPORATION COM 74348T102 155 15,620 SH   SOLE   0 0 15,620
PRUDENTIAL BANCORP INC NEW COM 74431A101 122 10,000 SH   SOLE   0 0 10,000
QUALCOMM INC COM 747525103 281 3,760 SH   SOLE   2,700 0 1,060
REGIONS FINL CORP NEW COM 7591EP100 696 69,335 SH   SOLE   63,000 0 6,335
REPUBLIC SVCS INC COM 760759100 922 23,640 SH   SOLE   19,800 0 3,840
RIVERVIEW BANCORP INC COM 769397100 44 11,145 SH   SOLE   0 0 11,145
ROVI CORP COM 779376102 661 33,500 SH   SOLE   33,000 0 500
RYDEX ETF TRUST GUG S&P MC400 PV 78355W502 221 4,319 SH   SOLE   0 0 4,319
SANOFI SPONSORED ADR 80105N105 331 5,860 SH   SOLE   0 0 5,860
SAREPTA THERAPEUTICS INC COM 803607100 841 39,875 SH   SOLE   38,800 0 1,075
SCOTTS MIRACLE GRO CO CL A 810186106 333 6,049 SH   SOLE   0 0 6,049
SERVICE CORP INTL COM 817565104 1,276 60,338 SH   SOLE   36,100 0 24,238
SHIP FINANCE INTERNATIONAL L SHS G81075106 515 30,421 SH   SOLE   29,821 0 600
SIEMENS A G SPONSORED ADR 826197501 315 2,645 SH   SOLE   0 0 2,645
SOUTHERN COPPER CORP COM 84265V105 249 8,383 SH   SOLE   0 0 8,383
SPDR SERIES TRUST BRCLY EM LOCL 78464A391 337 11,368 SH   SOLE   0 0 11,368
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 363 9,043 SH   SOLE   0 0 9,043
SPRINT CORP COM SER 1 85207U105 601 94,870 SH   SOLE   90,700 0 4,170
STANLEY BLACK & DECKER INC COM 854502101 1,040 11,718 SH   SOLE   10,400 0 1,318
STARBUCKS CORP COM 855244109 1,176 15,582 SH   SOLE   10,500 0 5,082
SUNCOR ENERGY INC NEW COM 867224107 217 6,000 SH   SOLE   6,000 0 0
SUPERIOR INDS INTL INC COM 868168105 759 43,305 SH   SOLE   32,205 0 11,100
SYMANTEC CORP COM 871503108 760 32,310 SH   SOLE   26,600 0 5,710
SYSCO CORP COM 871829107 1,331 35,078 SH   SOLE   31,400 0 3,678
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 244 12,100 SH   SOLE   0 0 12,100
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 1,067 46,240 SH   SOLE   45,500 0 740
TEMPLETON EMERGING MKTS FD I COM 880191101 271 15,260 SH   SOLE   0 0 15,260
TENET HEALTHCARE CORP COM NEW 88033G407 758 12,770 SH   SOLE   12,400 0 370
TERADATA CORP DEL COM 88076W103 593 14,150 SH   SOLE   13,900 0 250
TERRITORIAL BANCORP INC COM 88145X108 394 19,400 SH   SOLE   0 0 19,400
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 220 4,100 SH   SOLE   4,100 0 0
TEXAS INSTRS INC COM 882508104 337 7,057 SH   SOLE   4,800 0 2,257
TIBCO SOFTWARE INC COM 88632Q103 938 39,705 SH   SOLE   31,300 0 8,405
TIMBERLAND BANCORP INC COM 887098101 251 23,800 SH   SOLE   0 0 23,800
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 262 2,230 SH   SOLE   0 0 2,230
TRANSOCEAN LTD REG SHS H8817H100 575 18,000 SH   SOLE   18,000 0 0
UMPQUA HLDGS CORP COM 904214103 2,128 129,232 SH   SOLE   78,400 0 50,832
UNILEVER PLC SPON ADR NEW 904767704 214 5,100 SH   SOLE   0 0 5,100
UNITED TECHNOLOGIES CORP COM 913017109 444 4,207 SH   SOLE   1,800 0 2,407
US BANCORP DEL COM NEW 902973304 861 20,586 SH   SOLE   20,000 0 586
US ECOLOGY INC COM 91732J102 251 5,360 SH   SOLE   0 0 5,360
VALERO ENERGY CORP NEW COM 91913Y100 549 11,870 SH   SOLE   11,400 0 470
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 216 4,394 SH   SOLE   0 0 4,394
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 438 10,513 SH   SOLE   0 0 10,513
VERIZON COMMUNICATIONS INC COM 92343V104 1,060 21,198 SH   SOLE   13,400 0 7,798
VISA INC COM CL A 92826C839 284 1,331 SH   SOLE   0 0 1,331
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 343 10,431 SH   SOLE   0 0 10,431
WALGREEN CO COM 931422109 299 5,050 SH   SOLE   2,800 0 2,250
WAL-MART STORES INC COM 931142103 949 12,407 SH   SOLE   11,200 0 1,207
WASHINGTON FED INC COM 938824109 611 30,012 SH   SOLE   0 0 30,012
WASTE MGMT INC DEL COM 94106L109 707 14,874 SH   SOLE   3,900 0 10,974
WHOLE FOODS MKT INC COM 966837106 713 18,700 SH   SOLE   18,400 0 300
YUM BRANDS INC COM 988498101 999 13,874 SH   SOLE   10,000 0 3,874
ZIMMER HLDGS INC COM 98956P102 728 7,236 SH   SOLE   6,100 0 1,136
ZIONS BANCORPORATION COM 989701107 727 25,030 SH   SOLE   22,900 0 2,130
ZOETIS INC CL A 98978V103 956 25,874 SH   SOLE   24,700 0 1,174