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
COLONY FINANCIAL CONV. SR NT Convertible Bonds 19624RAB2 3,476 3,465,000 PRN   SOLE 0 1,065,000 0 2,400,000
HCI GROUP CONV. SR NT Convertible Bonds 40416EAB9 11,561 11,715,000 PRN   SOLE 0 3,490,000 0 8,225,000
APPLE INC. Common Stocks 037833100 2,917 18,926 SH   SOLE 0 5,727 0 13,199
ABBVIE INC Common Stocks 00287Y109 414 4,660 SH   SOLE 0 0 0 4,660
ALLY FINANCIAL Common Stocks 02005N100 324 13,350 SH   SOLE 0 13,350 0 0
ADVANCED MICRO DEVICES Common Stocks 007903107 395 31,000 SH   SOLE 0 0 0 31,000
JPMORGAN CHASE & CO ALERIAN ML ETN Equity ETFs 46625H365 2,160 76,527 PRN   SOLE 0 60,310 0 16,217
AMERIPRISE FINL INC Common Stocks 03076C106 356 2,400 SH   SOLE 0 0 0 2,400
AMERICAN RIVER BANKSHRS Common Stocks 029326105 226 16,355 SH   SOLE 0 16,355 0 0
AMAZON COM INC Common Stocks 023135106 6,555 6,819 SH   SOLE 0 371 0 6,448
A.O. SMITH CORPORATION Common Stocks 831865209 16,644 280,067 SH   SOLE 0 177,997 0 102,070
AMERICAN EXPRESS CO Common Stocks 025816109 1,286 14,220 SH   SOLE 0 0 0 14,220
ALIBABA GROUP ADR Common Stocks 01609W102 777 4,500 SH   SOLE 0 0 0 4,500
BANC OF CALIFORNIA Common Stocks 05990K106 329 15,841 SH   SOLE 0 15,841 0 0
BLACKROCK INC. Common Stocks 09247X101 380 850 SH   SOLE 0 850 0 0
BROADRIDGE FINANCIAL SOLUTIONS Common Stocks 11133T103 19,817 245,203 SH   SOLE 0 155,556 0 89,647
BLUEROCK RESIDENTIAL GROWTH Common Stocks 09627J102 564 50,965 SH   SOLE 0 0 0 50,965
BERKSHIRE HATHAWAY INC DEL CL B NEW Common Stocks 084670702 735 4,010 SH   SOLE 0 0 0 4,010
BLACKSTONE GROUP LP Common Stocks 09253U108 416 12,480 SH   SOLE 0 0 0 12,480
CITIGROUP INC Common Stocks 172967424 255 3,500 SH   SOLE 0 0 0 3,500
CELGENE CORP Common Stocks 151020104 954 6,545 SH   SOLE 0 0 0 6,545
CME GROUP INC Common Stocks 12572Q105 10,632 78,364 SH   SOLE 0 49,646 0 28,718
COSTCO WHOLESALE CORP Common Stocks 22160K105 13,485 82,081 SH   SOLE 0 53,684 0 28,397
CISCO SYS INC Common Stocks 17275R102 326 9,708 SH   SOLE 0 463 0 9,245
DR HORTON INC. Common Stocks 23331A109 12,977 324,987 SH   SOLE 0 196,159 0 128,828
SPDR DJIA TRUST Common Stocks 78467X109 677 3,025 SH   SOLE 0 3,025 0 0
WALT DISNEY COMPANY Common Stocks 254687106 230 2,337 SH   SOLE 0 2,161 0 176
DYNEX CAP INC NEW Common Stocks 26817Q506 188 25,850 SH   SOLE 0 0 0 25,850
EDAP TMS SA-ADR Common Stocks 268311107 247 83,000 SH   SOLE 0 0 0 83,000
EMAGIN CORPORATION Common Stocks 29076N206 23 10,000 SH   SOLE 0 0 0 10,000
ENTERPRISE PRODS PARTNERS L COM UNIT Common Stocks 293792107 16,788 643,970 SH   SOLE 0 327,559 0 316,411
ENERGY TRANSFER EQUITY L P UT LTD PTN Common Stocks 29273V100 487 28,000 SH   SOLE 0 0 0 28,000
EV ENERGY PARTNERS LP Common Stocks 26926V107 9 13,500 SH   SOLE 0 0 0 13,500
FACEBOOK INC Common Stocks 30303M102 1,425 8,339 SH   SOLE 0 3,479 0 4,860
FCB FINANCIAL HOLDINGS Common Stocks 30255G103 398 8,230 SH   SOLE 0 8,230 0 0
FOUR CORNERS PROPERTY TRUST Common Stocks 35086T109 10,462 419,824 SH   SOLE 0 276,547 0 143,277
FIDELITY INDUSTRIALS ETF Equity ETFs 316092709 311 8,515 PRN   SOLE 0 0 0 8,515
ISHARES FLOATING RATE BOND ETF Fixed Income ETF 46429B655 8,623 169,275 PRN   SOLE 0 81,485 0 87,790
FIFTH STREET FINANCE CORP COM Common Stocks 31678A103 13,535 2,474,369 SH   SOLE 0 1,710,918 0 763,451
FIDELITY CONS STAPLES ETF Equity ETFs 316092303 295 9,100 PRN   SOLE 0 0 0 9,100
FIDELITY INFO TECH ETF Equity ETFs 316092808 411 8,910 PRN   SOLE 0 0 0 8,910
GENERAL ELEC CO Common Stocks 369604103 483 19,956 SH   SOLE 0 10,256 0 9,700
ALPHABET INC -CL C Common Stocks 02079K107 5,470 5,703 SH   SOLE 0 2,060 0 3,643
ALPHABET INC -CL A Common Stocks 02079K305 645 662 SH   SOLE 0 0 0 662
GRAMERCY PROPERTY TRUST Common Stocks 385002308 16,804 555,490 SH   SOLE 0 362,211 0 193,279
GOLDMAN SACHS GROUP INC Common Stocks 38141G104 236 993 SH   SOLE 0 143 0 850
ISHARES INT. GOVT/CREDIT BOND ETF Fixed Income ETF 464288612 54,750 493,685 PRN   SOLE 0 381,987 0 111,698
HOWARD BANCORP Common Stocks 442496105 4,023 192,465 SH   SOLE 0 0 0 192,465
HOME DEPOT INC Common Stocks 437076102 306 1,872 SH   SOLE 0 1,500 0 372
HILTON WORLDWIDE HOLDINGS INC. Common Stocks 43300A203 208 3,000 SH   SOLE 0 3,000 0 0
HARRIS CORP. Common Stocks 413875105 16,817 127,714 SH   SOLE 0 84,496 0 43,218
HSBC HOLDINGS PLC SER A FC 12/21/12 Preferred Stock 404280604 1,982 75,108 PRN   SOLE 0 29,907 0 45,201
HERITAGE COMMERCE CORP Common Stocks 426927109 263 18,465 SH   SOLE 0 18,465 0 0
PIMCO 0-5 YEAR H/Y CORP BOND Fixed Income ETF 72201R783 278 2,738 PRN   SOLE 0 338 0 2,400
INTEL CORP Common Stocks 458140100 263 6,900 SH   SOLE 0 0 0 6,900
PRUDENTIAL ST DUR HY FUND Fixed Income Closed-End Fund 74442F107 773 50,634 PRN   SOLE 0 434 0 50,200
ISHARES US HOME CONSTRUCTION ETF Equity ETFs 464288752 424 11,595 PRN   SOLE 0 0 0 11,595
ISHARES RUSSELL 1000 GROWTH ETF Equity ETFs 464287614 244 1,955 PRN   SOLE 0 1,955 0 0
ISHARES TR RUSSELL 2000 ETF Equity ETFs 464287655 938 6,330 PRN   SOLE 0 4,520 0 1,810
ISHARES RUSSELL MIDCAP Equity ETFs 464287499 754 3,825 PRN   SOLE 0 3,825 0 0
ISHARES Russell Midcap Value Equity ETFs 464287473 231 2,725 PRN   SOLE 0 0 0 2,725
ISHARES U.S. FINANCIAL SERVICES ETF Equity ETFs 464287770 458 3,825 PRN   SOLE 0 3,825 0 0
NUVEEN MORTGAGE OPPORTUNITY OPPORTUNITY FUND Fixed Income Closed-End Fund 670735109 14,754 581,763 PRN   SOLE 0 380,426 0 201,337
JOHNSON & JOHNSON Common Stocks 478160104 8,001 61,543 SH   SOLE 0 35,795 0 25,748
J P MORGAN CHASE & CO Common Stocks 46625H100 20,152 210,996 SH   SOLE 0 132,062 0 78,934
NUVEEN CREDIT STRAT FUND Fixed Income Closed-End Fund 67073D102 16,720 1,969,321 PRN   SOLE 0 1,133,261 0 836,060
KKR & Co LP Common Stocks 48248M102 332 16,340 SH   SOLE 0 0 0 16,340
KINDER MORGAN INC Common Stocks 49456B101 206 10,765 SH   SOLE 0 0 0 10,765
DIREXION INSIDER Equity ETFs 25459Y769 349 8,400 PRN   SOLE 0 8,400 0 0
LENNOX INTERNATIONAL INC. Common Stocks 526107107 11,107 62,063 SH   SOLE 0 40,039 0 22,024
DIREXION DAILY S&P BULL 1.25 Equity ETFs 25490K109 252 7,550 PRN   SOLE 0 0 0 7,550
ISHARES IBOXX INVESTMENT GRADE CORP BOND Fixed Income ETF 464287242 1,374 11,333 PRN   SOLE 0 2,006 0 9,327
LONG ISLAND ICED TEA CORP Common Stocks 54267E104 37 15,000 SH   SOLE 0 0 0 15,000
LEGACYTEXAS FINANCIAL GROUP Common Stocks 52471Y106 263 6,595 SH   SOLE 0 6,595 0 0
MARRIOTT INTERNATIONAL INC. Common Stocks 571903202 320 2,900 SH   SOLE 0 2,900 0 0
MCDONALDS CORP Common Stocks 580135101 11,404 72,786 SH   SOLE 0 45,813 0 26,973
MONDELEZ INTERNATIONAL INC Common Stocks 609207105 596 14,654 SH   SOLE 0 254 0 14,400
SPDR S&P MIDCAP ETF TRST Equity ETFs 78467Y107 359 1,100 PRN   SOLE 0 0 0 1,100
MAGELLAN MIDSTREAM PARTNERS LP Common Stocks 559080106 15,308 215,421 SH   SOLE 0 126,841 0 88,580
ALTRIA GROUP INC COM Common Stocks 02209S103 432 6,810 SH   SOLE 0 2,317 0 4,493
MPLX LP Common Stocks 55336V100 273 7,785 SH   SOLE 0 0 0 7,785
MERCK & COMPANY Common Stocks 58933Y105 279 4,355 SH   SOLE 0 3,270 0 1,085
MAINSOURCE FINANCIAL GROUP, INC. Common Stocks 56062Y102 16,539 461,211 SH   SOLE 0 287,799 0 173,412
MICROSOFT Common Stocks 594918104 733 9,843 SH   SOLE 0 2,180 0 7,663
MIDSOUTH BANCORP INC Common Stocks 598039105 366 30,375 SH   SOLE 0 30,375 0 0
MICRON TECHNOLOGY Common Stocks 595112103 413 10,500 SH   SOLE 0 0 0 10,500
NUVEEN CAL ABC DIV ADV MUNI INC FUND Fixed Income Closed-End Fund 67066Y105 224 15,000 PRN   SOLE 0 0 0 15,000
NORTHSTAR REALTY EUROPE CORP. Common Stocks 66706L101 15,492 1,209,365 SH   SOLE 0 746,317 0 463,048
NATIONAL STORAGE AFFILIATES Common Stocks 637870106 367 15,125 SH   SOLE 0 0 0 15,125
BANK OF NT BUTTERFIELD & SON Common Stocks G0772R208 27,015 737,304 SH   SOLE 0 457,000 0 280,304
NUVEEN DIVIDEND ADVANTAGE MUNICIPAL INCOME FUND Fixed Income Closed-End Fund 67071L106 308 20,000 PRN   SOLE 0 0 0 20,000
FIDELITY NASDAQCOMP INDEX ETF Equity ETFs 315912808 408 1,600 PRN   SOLE 0 0 0 1,600
OPUS BANK Common Stocks 684000102 350 14,575 SH   SOLE 0 14,575 0 0
OVERSTOCK.COM Common Stocks 690370101 266 8,940 SH   SOLE 0 0 0 8,940
BANK OF THE OZARKS Common Stocks 063904106 413 8,603 SH   SOLE 0 8,603 0 0
PLAINS ALL AMERN PIPELINE L UNIT L P INT Common Stocks 726503105 1,102 51,997 SH   SOLE 0 19,900 0 32,097
PIMCO DYNAMIC CREDIT INCOME Fixed Income Closed-End Fund 72202D106 16,530 716,822 PRN   SOLE 0 431,483 0 285,339
PROCTER & GAMBLE COMPANY Common Stocks 742718109 226 2,485 SH   SOLE 0 0 0 2,485
POWERSHARES QQQ TRUST UNIT SER 1 Equity ETFs 73935A104 3,396 23,350 PRN   SOLE 0 17,000 0 6,350
RITE AID CORP Common Stocks 767754104 167 85,000 SH   SOLE 0 0 0 85,000
REPUBLIC SERVICES, INC. Common Stocks 760759100 18,021 272,802 SH   SOLE 0 179,310 0 93,492
REDWOOD TRUST INC Common Stocks 758075402 16,671 1,023,372 SH   SOLE 0 677,282 0 346,090
STARBUCKS CORP Common Stocks 855244109 13,912 259,016 SH   SOLE 0 170,601 0 88,415
SERVISFIRST BANCSHARES INC Common Stocks 81768T108 453 11,650 SH   SOLE 0 11,650 0 0
SHOPIFY INC Common Stocks 82509L107 291 2,500 SH   SOLE 0 0 0 2,500
ISHARES SHORT TREASURY BOND Fixed Income ETF 464288679 1,711 15,500 PRN   SOLE 0 0 0 15,500
SVB FINANCIAL GROUP Common Stocks 78486Q101 890 4,758 SH   SOLE 0 4,758 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT Common Stocks 798241105 4,769 608,344 SH   SOLE 0 409,680 0 198,664
TALLGRASS ENERGY PARTNERS LP Common Stocks 874697105 499 10,415 SH   SOLE 0 0 0 10,415
TERADYNE INC Common Stocks 880770102 433 11,600 SH   SOLE 0 0 0 11,600
TARGA RESOURCES Common Stocks 87612G101 1,034 21,853 SH   SOLE 0 3,162 0 18,691
UNITED CONTINENTAL HOLDINGS INC. Common Stocks 910047109 265 4,350 SH   SOLE 0 4,350 0 0
VANGUARD INT-TERM CORP BOND ETF Fixed Income ETF 92206C870 11,366 129,148 PRN   SOLE 0 83,231 0 45,917
VANGUARD S/T CORP BOND ETF Fixed Income ETF 92206C409 17,979 224,374 PRN   SOLE 0 137,459 0 86,915
VANGUARD HEALTH CARE ETF Equity ETFs 92204A504 408 2,680 PRN   SOLE 0 0 0 2,680
VANGUARD REIT ETF Equity ETFs 922908553 1,607 19,335 PRN   SOLE 0 85 0 19,250
INVESCO DYNAMIC CREDIT OPP Fixed Income Closed-End Fund 46132R104 19,601 1,644,399 PRN   SOLE 0 988,940 0 655,459
VANGUARD FTSE EMERGING MARKET ETF Equity ETFs 922042858 407 9,350 PRN   SOLE 0 0 0 9,350
WEIBO CORP ADR Common Stocks 948596101 391 3,950 SH   SOLE 0 0 0 3,950
WESTERN GAS PARTNERS LP UNIT LP IN Common Stocks 958254104 1,743 33,990 SH   SOLE 0 0 0 33,990
WILLIAMS PARTNERS LP Common Stocks 96949L105 506 13,003 SH   SOLE 0 0 0 13,003
MATERIALS SECTOR SPDR Equity ETFs 81369Y100 525 9,240 PRN   SOLE 0 5,950 0 3,290
INDUSTRIAL SELECT SECT SPDR Equity ETFs 81369Y704 1,512 21,290 PRN   SOLE 0 12,250 0 9,040
STAPLES SECTOR SPDR Equity ETFs 81369Y308 633 11,720 PRN   SOLE 0 5,900 0 5,820
HEALTH CARE SECTOR SPDR Equity ETFs 81369Y209 835 10,215 PRN   SOLE 0 4,165 0 6,050
CONSUMER DISCRETIONARY SELT Equity ETFs 81369Y407 603 6,690 PRN   SOLE 0 0 0 6,690
EXXON MOBIL CORP Common Stocks 30231G102 683 8,335 SH   SOLE 0 1,976 0 6,359