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0 0 7223000 LIBERTY MEDIA NOTE 2.250% 8/1 531229aq5 2653050 2300000 PRN SOLE 0 0 2300000 FLAGSTAR FNCL UNIT 05/07/2051 64944p307 2173604 56093 SH SOLE 0 0 56093 NORTHERN OIL NOTE 3.625% 4/1 665531aj8 4331531 3950000 PRN SOLE 0 0 3950000 PPL CAPITAL NOTE 2.875% 3/1 69352pas2 7275016 6210000 PRN SOLE 125000 0 6085000 PACIRA BIOSCIENCE NOTE 2.125% 5/1 695127aj9 1420720 1475000 PRN SOLE 0 0 1475000 PEBBLEBRK HOTEL NOTE 1.750% 12/1 70509vaa8 292206 300000 PRN SOLE 0 0 300000 PROGRESS SOFTWARE NOTE 3.500% 3/0 743312ad2 6702978 7545000 PRN SOLE 0 0 7545000 STARWOOD PPTY NOTE 6.750% 7/1 85571bba2 925015 910000 PRN SOLE 0 0 910000 VISHAY INTERT NOTE 2.250% 9/1 928298ar9 786790 820000 PRN SOLE 0 0 820000 WINNEBAGO INDS NOTE 3.250% 1/1 974637af7 2115190 2345000 PRN SOLE 0 0 2345000 ABBVIE INC COM 00287Y109 416493 1915 SH SOLE 0 0 1915 AMERIS BANCORP COM 03076K108 2484687 31859 SH SOLE 0 0 31859 ALBERTSONS COS COM 013091103 2550241 149662 SH SOLE 0 0 149662 AGNICO-EAGLE COM 008474108 24073021 118598 SH SOLE 30000 0 88598 ALAMOS GOLD COM CL A 011532108 480821 10822 SH SOLE 0 0 10822 ALERUS FINAN COM 01446U103 3235704 136470 SH SOLE 56070 0 80400 AMAZON.COM COM 023135106 209311 1005 SH SOLE 0 0 1005 APPLE HOPTLY COM NEW 03784Y200 3460714 300670 SH SOLE 54800 0 245870 BEACON FINANCIAL COM 084680107 2317146 77238 SH SOLE 40000 0 37238 BUNGE LIMITED COM SHS H11356104 10094536 79360 SH SOLE 26000 0 53360 BENCHMARK BANK COM 08160E207 6274223 173082 SH SOLE 113000 0 60082 BANK BOTETOURT COM 063907208 5755855 122465 SH SOLE 79400 0 43065 BERKSHIRE HATHA CL B NEW 084670702 637336 1330 SH SOLE 0 0 1330 CNH INDUSTRIAL SHS N20944109 1869321 169938 SH SOLE 75000 0 94938 CHESPKE FINAN COM 16517A109 5710215 178500 SH SOLE 107000 0 71500 CTO REALTY GRW COM 22948Q101 12191754 659370 SH SOLE 266015 0 393355 CMNTY WST BANC COM 203937107 3788337 162590 SH SOLE 60000 0 102590 DUK ENRGY COM NEW 26441C204 154902 1183 SH SOLE 0 0 1183 EAGLE BANCORP COM 26942G100 185220 9000 SH SOLE 0 0 9000 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GLBL WIDE MT MRNGSTR GBL WIDE 92189F122 108396 2925 SH SOLE 0 0 2925 MERCK&CO INC COM 58933Y105 7024496 58396 SH SOLE 13300 0 45096 MICROSOFT CORP COM 594918104 609300 1646 SH SOLE 0 0 1646 M&T BANK CORP COM 55261F104 669426 3238 SH SOLE 0 0 3238 NORTHERN OIL COM 665531307 2151587 73609 SH SOLE 0 0 73609 ORACLE CORP COM 68389X105 441330 3000 SH SOLE 0 0 3000 PFIZER INC COM 717081103 6985476 248771 SH SOLE 60000 0 188771 PEOPLES FIN SERV COM 711040105 1533141 28748 SH SOLE 0 0 28748 PARKE BANCORP COM 700885106 9014886 317426 SH SOLE 110000 0 207426 POTOMAC BANC COM 737643106 4562546 231015 SH SOLE 133000 0 98015 FT NAS CMTY BNK UT COM SHS ETF 33736Q104 594496 10207 SH SOLE 0 0 10207 INV QQQ TRUST UNIT SER 1 46090E103 131765 228 SH SOLE 0 0 228 SEACOAST BANKIN COM NEW 811707801 327928 10826 SH SOLE 0 0 10826 SB FINANCIAL COM 78408D105 8192869 390137 SH SOLE 133000 0 257137 SFL CORP LTD SHS G7738W106 3570328 330892 SH SOLE 125000 0 205892 SHELL PLC SPON ADS 780259305 10295192 110701 SH SOLE 30000 0 80701 SKEENA COM 83056P715 353074 11880 SH SOLE 0 0 11880 SCHLUMBERGER COM STK 806857108 2520909 49054 SH SOLE 0 0 49054 ISHARES SILVER ISHARES 46428Q109 138869 2038 SH SOLE 0 0 2038 SOLVAY BANK COM 83441Q105 1088138 37522 SH SOLE 30000 0 7522 SPDR S&P 500 TR UNIT 78462F103 312929 481 SH SOLE 0 0 481 SOUTHSTATE CORP COM 84472E102 532424 5755 SH SOLE 0 0 5755 AT&T INC COM 00206R102 1804802 62256 SH SOLE 33200 0 29056 TIMBERLAND BANC COM 887098101 11482075 291202 SH SOLE 87000 0 204202 TAIWAN SEMICOND SPONSORED ADS 874039100 153767 455 SH SOLE 0 0 455 TYSON FOODS CL A 902494103 1730317 27007 SH SOLE 18000 0 9007 INVESCO MUNI COM 46131M106 849978 86117 SH SOLE 0 0 86117 VICI PRPTY COM 925652109 5537343 202685 SH SOLE 45000 0 157685 VGRD S&P 500 S&P 500 ETF SHS 922908363 1898370 3177 SH SOLE 0 0 3177 VIATRIS INC COM 92556V106 6164231 456272 SH SOLE 125000 0 331272 VERIZON COMM COM 92343V104 7096571 141366 SH SOLE 0 0 141366 WESTERN OPP FUND COM 95766R104 897536 106092 SH SOLE 0 0 106092 WEYERHAEUSER COM NEW 962166104 4253507 174110 SH SOLE 40000 0 134110 EXXON MOBIL COM 30231G102 219370 1293 SH SOLE 0 0 1293 CHIRON RL ESTTE COM NEW 37954A303 5696741 172211 SH SOLE 30000 0 142211 AMERICAN INTL COM NEW 026874784 2483250 33000 SH SOLE 33000 0 0 BANC CALIFORNIA COM 05990K106 1398489 79550 SH SOLE 76000 0 3550 CITIZENS BANC VA COM 17316V104 1069688 28525 SH SOLE 28275 0 250 CSB BANCORP COM 12628R107 4150869 66563 SH SOLE 66563 0 0 FIRST CMNTY SC COM 319835104 2236095 76500 SH SOLE 76500 0 0 ISHARES US REGIO US RGNL BKS ETF 464288778 969120 18000 SH SOLE 18000 0 0 APPLE INC COM 037833100 4441325 17500 SH Put SOLE 17500 0 0 MICROSOFT CORP COM 594918954 3331530 9000 SH Put SOLE 9000 0 0