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 618 13,717 SH   SOLE   6,500 0 7,217
ABBVIE INC COM 00287Y109 916 13,996 SH   SOLE   10,700 0 3,296
ABERDEEN ASIA PACIFIC INCOM COM 003009107 78 14,063 SH   SOLE   0 0 14,063
ADAMS EXPRESS CO COM 006212104 221 16,178 SH   SOLE   0 0 16,178
ALCOA INC COM COM 013817101 264 16,743 SH   SOLE   0 0 16,743
ALLSTATE CORP COM 020002101 255 3,628 SH   SOLE   0 0 3,628
ALTRIA GROUP INC COM 02209S103 264 5,350 SH   SOLE   4,500 0 850
AMAZON COM INC COM 023135106 722 2,328 SH   SOLE   2,100 0 228
ANCHOR BANCORP WA COM 032838104 432 21,200 SH   SOLE   0 0 21,200
APACHE CORP COM 037411105 424 6,766 SH   SOLE   5,800 0 966
APPLE INC COM 037833100 3,155 28,584 SH   SOLE   1,400 0 27,184
AT&T INC COM 00206R102 714 21,251 SH   SOLE   11,600 0 9,651
AUTOMATIC DATA PROCESSING IN COM 053015103 325 3,898 SH   SOLE   3,600 0 298
AUTOZONE INC COM 053332102 891 1,439 SH   SOLE   1,400 0 39
AXIALL CORP COM 05463D100 592 13,940 SH   SOLE   11,800 0 2,140
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 291 5,700 SH   SOLE   5,700 0 0
BAKER HUGHES INC COM 057224107 566 10,100 SH   SOLE   8,100 0 2,000
BANK N S HALIFAX COM 064149107 608 10,658 SH   SOLE   9,400 0 1,258
BANK OF AMERICA CORPORATION COM 060505104 987 55,150 SH   SOLE   44,300 0 10,850
BGC PARTNERS INC CL A 05541T101 857 93,686 SH   SOLE   80,000 0 13,686
BHP BILLITON LTD SPONSORED ADR 088606108 206 4,358 SH   SOLE   0 0 4,358
BLOCK H & R INC COM 093671105 292 8,662 SH   SOLE   0 0 8,662
BOEING CO COM 097023105 1,312 10,091 SH   SOLE   8,400 0 1,691
BRISTOL MYERS SQUIBB CO COM 110122108 1,167 19,767 SH   SOLE   8,700 0 11,067
CATERPILLAR INC DEL COM 149123101 903 9,861 SH   SOLE   9,200 0 661
CHEVRON CORP NEW COM 166764100 596 5,315 SH   SOLE   2,700 0 2,615
CIRRUS LOGIC I NC COM 172755100 596 25,300 SH   SOLE   24,600 0 700
CITIGROUP INC COM NEW 172967424 877 16,200 SH   SOLE   16,000 0 200
CLIFTON BANCORP INC COM 186873105 136 10,000 SH   SOLE   0 0 10,000
CLOROX CO DEL COM 189054109 271 2,604 SH   SOLE   2,300 0 304
CME GROUP INC COM 12572Q105 301 3,400 SH   SOLE   3,400 0 0
CONOCOPHILLIPS COM 20825C104 862 12,488 SH   SOLE   6,400 0 6,088
CONSOLIDATED EDISON INC COM 209115104 256 3,872 SH   SOLE   0 0 3,872
CREDIT SUISSE ASSET MGMT INC COM 224916106 487 148,037 SH   SOLE   0 0 148,037
CYPRESS SEMICONDUCTOR CORP COM 232806109 492 34,431 SH   SOLE   0 0 34,431
D R HORTON INC COM 23331A109 397 15,685 SH   SOLE   0 0 15,685
DEVON ENERGY CORP NEW COM 25179M103 687 11,225 SH   SOLE   8,000 0 3,225
DIAMOND OFFSHORE DRILLING IN COM 25271C102 807 21,984 SH   SOLE   16,300 0 5,684
DIANA CONTAINERSHIPS INC COM Y2069P101 166 88,395 SH   SOLE   0 0 88,395
DOLLAR TREE INC COM 256746108 1,137 16,150 SH   SOLE   13,500 0 2,650
DOMINOS PIZZA INC COM 25754A201 1,226 13,023 SH   SOLE   11,400 0 1,623
DOW CHEM CO COM 260543103 461 10,105 SH   SOLE   9,000 0 1,105
DR PEPPER SNAPPLE GROUP INC COM 26138E109 904 12,611 SH   SOLE   10,900 0 1,711
DU PONT E I DE NEMOURS & CO COM 263534109 401 5,417 SH   SOLE   0 0 5,417
EATON VANCE TX MGD DIV EQ IN COM 27828N102 128 11,500 SH   SOLE   0 0 11,500
EBAY INC COM 278642103 850 15,140 SH   SOLE   14,200 0 940
EDWARDS LIFESCIENCES CORP COM 28176E108 1,006 7,900 SH   SOLE   7,900 0 0
EOG RES INC COM 26875P101 552 6,000 SH   SOLE   6,000 0 0
EXXON MOBIL CORP COM 30231G102 531 5,740 SH   SOLE   2,600 0 3,140
EZCORP INC CLA NON VTG 302301106 1,637 139,317 SH   SOLE   104,800 0 34,517
FEDERATED INVS INC PA CL B 314211103 1,899 57,659 SH   SOLE   36,500 0 21,159
FIRST AMERN FINL CORP COM 31847R102 392 11,563 SH   SOLE   0 0 11,563
FIRST NIAGARA FINL GP INC COM 33582V108 199 23,600 SH   SOLE   0 0 23,600
FORD MTR CO DEL COM PAR $0.01 345370860 219 14,161 SH   SOLE   0 0 14,161
FRANKLIN RES INC COM 354613101 213 3,839 SH   SOLE   3,300 0 539
GENERAL ELECTRIC CO COM 369604103 351 13,885 SH   SOLE   0 0 13,885
GENERAL MLS INC COM 370334104 493 9,250 SH   SOLE   7,300 0 1,950
GENERAL MTRS CO COM 37045V100 255 7,300 SH   SOLE   7,300 0 0
GOOGLE INC CL A 38259P508 230 433 SH   SOLE   0 0 433
GRACE W R & CO DEL NEW COM 38388F108 651 6,825 SH   SOLE   6,200 0 625
HEALTHCARE SVCS GRP INC COM 421906108 294 9,500 SH   SOLE   0 0 9,500
HELMERICH & PAYNE INC COM 423452101 203 3,008 SH   SOLE   1,800 0 1,208
HOME DEPOT INC COM 437076102 1,190 11,335 SH   SOLE   9,700 0 1,635
IAO KUN GROUP HLDG CO LTD ORD USD SHS G47204105 46 34,766 SH   SOLE   0 0 34,766
IDEXX LABS INC COM 45168D104 1,002 6,755 SH   SOLE   6,200 0 555
INFOSYS LTD SPONSORED ADR 456788108 331 10,520 SH   SOLE   0 0 10,520
INTEL CORP COM 458140100 1,211 33,370 SH   SOLE   0 0 33,370
INTERSECTIONS INC COM 460981301 59 15,147 SH   SOLE   0 0 15,147
ISHARES MSCI EAFE ETF 464287465 212 3,492 SH   SOLE   0 0 3,492
ISHARES TR RUS MD CP GR ETF 464287481 366 3,925 SH   SOLE   0 0 3,925
JABIL CIRCUIT INC COM 466313103 634 29,031 SH   SOLE   26,800 0 2,231
JOHNSON & JOHNSON COM 478160104 612 5,855 SH   SOLE   2,900 0 2,955
L-3 COMMUNICATIONS HLDGS INC COM 502424104 242 1,915 SH   SOLE   0 0 1,915
LENNAR CORP CL A 526057104 232 5,184 SH   SOLE   0 0 5,184
LINCOLN NATL CORP IND COM 534187109 672 11,645 SH   SOLE   10,000 0 1,645
LOCKHEED MARTIN CORP COM 539830109 327 1,700 SH   SOLE   1,700 0 0
M & T BK CORP COM 55261F104 377 3,000 SH   SOLE   3,000 0 0
MALVERN BANCORP INC COM 561409103 121 10,000 SH   SOLE   0 0 10,000
MARKET VECTORS ETF TR INVT GRD FL RT 57060U514 563 22,580 SH   SOLE   0 0 22,580
MCDONALDS CORP COM 580135101 464 4,952 SH   SOLE   1,900 0 3,052
MICROCHIP TECHNOLOGY INC COM 595017104 250 5,550 SH   SOLE   0 0 5,550
MICROSOFT CORP COM 594918104 944 20,327 SH   SOLE   7,100 0 13,227
NATIONAL HEALTHCARE CORP COM 635906100 295 4,700 SH   SOLE   0 0 4,700
NEW YORK CMNTY BANCORP INC COM 649445103 213 13,321 SH   SOLE   0 0 13,321
NOODLES & CO CL A 65540B105 443 16,812 SH   SOLE   0 0 16,812
NVIDIA CORP COM 67066G104 221 11,000 SH   SOLE   0 0 11,000
OLD NATL BANCORP IND COM 680033107 158 10,600 SH   SOLE   0 0 10,600
OPKO HEALTH INC COM 68375N103 860 86,088 SH   SOLE   78,300 0 7,788
PARKER HANNIFIN CORP COM 701094104 284 2,200 SH   SOLE   2,200 0 0
PATTERSON COMPANIES INC COM 703395103 1,129 23,465 SH   SOLE   19,600 0 3,865
PAYCHEX INC COM 704326107 1,923 41,640 SH   SOLE   28,900 0 12,740
PEABODY ENERGY CORP COM 704549104 347 44,885 SH   SOLE   43,600 0 1,285
PENN WEST PEPE LTD NEW COM 707887105 40 19,054 SH   SOLE   0 0 19,054
PETMED EXPRESS INC COM 716382106 772 53,720 SH   SOLE   39,000 0 14,720
PHILIP MORRIS INTL INC COM 718172109 584 7,174 SH   SOLE   4,200 0 2,974
PRA GROUP INC COM 69354N106 278 4,800 SH   SOLE   4,800 0 0
PRICE T ROWE GROUP INC COM 74144T108 403 4,696 SH   SOLE   3,100 0 1,596
PROCTER & GAMBLE CO COM 742718109 412 4,518 SH   SOLE   3,200 0 1,318
PROSPECT CAPITAL CORPORATION COM 74348T102 144 17,420 SH   SOLE   0 0 17,420
PRUDENTIAL BANCORP INC NEW COM 74431A101 125 10,000 SH   SOLE   0 0 10,000
QUALCOMM INC COM 747525103 396 5,330 SH   SOLE   4,000 0 1,330
REGIONS FINL CORP NEW COM 7591EP100 737 69,835 SH   SOLE   63,000 0 6,835
REPUBLIC SVCS INC COM 760759100 1,479 36,740 SH   SOLE   33,000 0 3,740
RIVERVIEW BANCORP INC COM 769397100 50 11,145 SH   SOLE   0 0 11,145
ROVI CORP COM 779376102 757 33,500 SH   SOLE   33,000 0 500
RYDEX ETF TRUST GUG S&P MC400 PV 78355W502 235 4,319 SH   SOLE   0 0 4,319
SANOFI SPONSORED ADR 80105N105 282 6,185 SH   SOLE   0 0 6,185
SAREPTA THERAPEUTICS INC COM 803607100 596 41,175 SH   SOLE   38,800 0 2,375
SCOTTS MIRACLE GRO CO CL A 810186106 377 6,051 SH   SOLE   0 0 6,051
SERVICE CORP INTL COM 817565104 1,370 60,338 SH   SOLE   36,100 0 24,238
SHIP FINANCE INTERNATIONAL L SHS G81075106 430 30,421 SH   SOLE   29,821 0 600
SIEMENS A G SPONSORED ADR 826197501 296 2,645 SH   SOLE   0 0 2,645
SOUTHERN COPPER CORP COM 84265V105 236 8,383 SH   SOLE   0 0 8,383
SPDR S&P 500 ETF TR TR UNIT 78462F103 364 1,772 SH   SOLE   0 0 1,772
SPDR SERIES TRUST BRCLY EM LOCL 78464A391 350 12,322 SH   SOLE   0 0 12,322
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 439 11,370 SH   SOLE   0 0 11,370
SPRINT CORP COM SER 1 85207U105 397 95,670 SH   SOLE   90,700 0 4,970
STANLEY BLACK & DECKER INC COM 854502101 1,126 11,718 SH   SOLE   10,400 0 1,318
STARBUCKS CORP COM 855244109 1,291 15,733 SH   SOLE   10,500 0 5,233
SUPERIOR INDS INTL INC COM 868168105 734 37,100 SH   SOLE   26,000 0 11,100
SYMANTEC CORP COM 871503108 829 32,310 SH   SOLE   26,600 0 5,710
SYSCO CORP COM 871829107 591 14,878 SH   SOLE   11,200 0 3,678
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 293 13,100 SH   SOLE   0 0 13,100
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 862 30,740 SH   SOLE   30,000 0 740
TEMPLETON EMERGING MKTS FD I COM 880191101 235 15,260 SH   SOLE   0 0 15,260
TENET HEALTHCARE CORP COM NEW 88033G407 647 12,770 SH   SOLE   12,400 0 370
TERADATA CORP DEL COM 88076W103 618 14,150 SH   SOLE   13,900 0 250
TERRITORIAL BANCORP INC COM 88145X108 418 19,400 SH   SOLE   0 0 19,400
TIMBERLAND BANCORP INC COM 887098101 252 23,800 SH   SOLE   0 0 23,800
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 280 2,230 SH   SOLE   0 0 2,230
TWENTY FIRST CENTY FOX INC CL B 90130A200 243 6,600 SH   SOLE   6,600 0 0
UMPQUA HLDGS CORP COM 904214103 1,656 97,347 SH   SOLE   44,400 0 52,947
UNILEVER N V N Y SHS NEW 904784709 258 6,600 SH   SOLE   6,100 0 500
UNILEVER PLC SPON ADR NEW 904767704 206 5,100 SH   SOLE   0 0 5,100
UNITED TECHNOLOGIES CORP COM 913017109 536 4,657 SH   SOLE   2,600 0 2,057
UNIVERSAL CORP VA COM 913456109 413 9,400 SH   SOLE   9,400 0 0
VALERO ENERGY CORP NEW COM 91913Y100 588 11,870 SH   SOLE   11,400 0 470
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 206 4,394 SH   SOLE   0 0 4,394
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 381 9,513 SH   SOLE   0 0 9,513
VERITIV CORP COM 923454102 208 4,004 SH   SOLE   4,000 0 4
VERIZON COMMUNICATIONS INC COM 92343V104 1,309 27,988 SH   SOLE   21,700 0 6,288
VISA INC COM CL A 92826C839 392 1,494 SH   SOLE   0 0 1,494
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 349 10,227 SH   SOLE   0 0 10,227
WALGREEN CO COM 931422109 216 2,830 SH   SOLE   0 0 2,830
WAL-MART STORES INC COM 931142103 877 10,217 SH   SOLE   9,000 0 1,217
WASHINGTON FED INC COM 938824109 608 27,462 SH   SOLE   0 0 27,462
WASTE MGMT INC DEL COM 94106L109 558 10,876 SH   SOLE   0 0 10,876
WHOLE FOODS MKT INC COM 966837106 971 19,250 SH   SOLE   18,400 0 850
YUM BRANDS INC COM 988498101 1,280 17,564 SH   SOLE   15,400 0 2,164
ZIMMER HLDGS INC COM 98956P102 821 7,236 SH   SOLE   6,100 0 1,136
ZIONS BANCORPORATION COM 989701107 714 25,030 SH   SOLE   22,900 0 2,130
ZOETIS INC CL A 98978V103 1,100 25,574 SH   SOLE   24,400 0 1,174