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
AMAZON COM INC COM Stock 023135106 218 145 SH   SOLE   145 0 0
ONEMAIN HLDGS INC COM Stock 68268W103 763 31,404 SH   SOLE   31,404 0 0
CENTRAL SECS CORP COM CEF 155123102 720 29,000 SH   SOLE   29,000 0 0
VULCAN MATLS CO COM Stock 929160109 593 6,000 SH   SOLE   6,000 0 0
JOHNSON & JOHNSON COM Stock 478160104 805 6,241 SH   SOLE   6,241 0 0
AK STL HLDG CORP COM Stock 001547108 57 25,232 SH   SOLE   25,232 0 0
NOBLE ENERGY INC COM Stock 655044105 1,505 80,233 SH   SOLE   80,233 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A ADR 780259206 350 6,000 SH   SOLE   6,000 0 0
COCA COLA CO COM Stock 191216100 243 5,122 SH   SOLE   5,122 0 0
GENERAL MLS INC COM Stock 370334104 859 22,060 SH   SOLE   22,060 0 0
ENTERPRISE PRODS PARTNERS L P COM Stock 293792107 351 14,280 SH   SOLE   14,280 0 0
INTEL CORP COM Stock 458140100 640 13,627 SH   SOLE   13,627 0 0
WESTERN ALLIANCE BANCORP COM Stock 957638109 1,326 33,582 SH   SOLE   33,582 0 0
STAR BULK CARRIERS CORP SHS PAR Stock Y8162K204 147 16,062 SH   SOLE   16,062 0 0
PACCAR INC COM Stock 693718108 439 7,676 SH   SOLE   7,676 0 0
EAGLE BULK SHIPPING INC SHS NEW Stock Y2187A143 81 17,550 SH   SOLE   17,550 0 0
BANCORP INC DEL COM Stock 05969A105 2,421 304,206 SH   SOLE   304,206 0 0
MERCK & CO INC COM Stock 58933Y105 2,182 28,552 SH   SOLE   28,551 0 0
ANNALY CAP MGMT INC COM REIT 035710409 566 57,630 SH   SOLE   57,630 0 0
NVR INC COM Stock 62944T105 3,168 1,300 SH   SOLE   1,300 0 0
CHUBB LIMITED COM Stock H1467J104 862 6,676 SH   SOLE   6,676 0 0
PEPSICO INC COM Stock 713448108 536 4,850 SH   SOLE   4,850 0 0
HONEYWELL INTL INC COM Stock 438516106 1,350 10,216 SH   SOLE   10,216 0 0
HOME DEPOT INC COM Stock 437076102 284 1,655 SH   SOLE   1,655 0 0
TRISTATE CAP HLDGS INC COM Stock 89678F100 718 36,906 SH   SOLE   36,906 0 0
ENSCO PLC SHS CLASS A Stock G3157S106 703 197,503 SH   SOLE   197,503 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW Stock 084670702 1,748 8,562 SH   SOLE   8,562 0 0
ADOBE INC COM Stock 00724F101 452 2,000 SH   SOLE   2,000 0 0
LENNAR CORP CL A Stock 526057104 1,313 33,540 SH   SOLE   33,540 0 0
V F CORP COM Stock 918204108 296 4,152 SH   SOLE   4,152 0 0
BOEING CO COM Stock 097023105 468 1,450 SH   SOLE   1,450 0 0
OASIS PETE INC NEW COM Stock 674215108 106 19,173 SH   SOLE   19,173 0 0
NABORS INDUSTRIES LTD SHS Stock G6359F103 95 47,685 SH   SOLE   47,685 0 0
WEATHERFORD INTL PLC ORD SHS Stock G48833100 14 25,900 SH   SOLE   25,900 0 0
BROWN FORMAN CORP CL A Stock 115637100 586 12,350 SH   SOLE   12,350 0 0
GENERAL MTRS CO COM Stock 37045V100 795 23,778 SH   SOLE   23,778 0 0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN Stock 726503105 412 20,550 SH   SOLE   20,550 0 0
LILLY ELI & CO COM Stock 532457108 1,452 12,545 SH   SOLE   12,545 0 0
TEKLA HEALTHCARE INVS SH BEN INT CEF 87911J103 305 17,000 SH   SOLE   17,000 0 0
GOLAR LNG PARTNERS LP COM UNIT LPI Stock Y2745C102 137 12,645 SH   SOLE   12,645 0 0
BROWN FORMAN CORP CL B Stock 115637209 778 16,355 SH   SOLE   16,355 0 0
BOK FINL CORP COM NEW Stock 05561Q201 567 7,735 SH   SOLE   7,735 0 0
ALLERGAN PLC SHS Stock G0177J108 1,194 8,930 SH   SOLE   8,930 0 0
ENERGY TRANSFER LP COM UT LTD PTN Stock 29273V100 224 16,932 SH   SOLE   16,932 0 0
EATON VANCE CORP COM NON VTG Stock 278265103 314 8,931 SH   SOLE   8,931 0 0
META FINL GROUP INC COM Stock 59100U108 251 12,937 SH   SOLE   12,937 0 0
CAMBRIDGE BANCORP COM Stock 132152109 2,228 26,757 SH   SOLE   26,757 0 0
SANCHEZ ENERGY CORP COM Stock 79970Y105 5 18,275 SH   SOLE   18,275 0 0
VISA INC COM CL A Stock 92826C839 369 2,800 SH   SOLE   2,800 0 0
HERSHEY CO COM Stock 427866108 305 2,850 SH   SOLE   2,850 0 0
CELGENE CORP COM Stock 151020104 318 4,967 SH   SOLE   4,967 0 0
PIONEER NAT RES CO COM Stock 723787107 1,619 12,311 SH   SOLE   12,311 0 0
MCDERMOTT INTL INC COM Stock 580037703 264 40,442 SH   SOLE   40,442 0 0
CIMAREX ENERGY CO COM Stock 171798101 721 11,694 SH   SOLE   11,694 0 0
CF INDS HLDGS INC COM Stock 125269100 1,275 29,307 SH   SOLE   29,307 0 0
ENBRIDGE INC COM Stock 29250N105 403 12,962 SH   SOLE   12,962 0 0
EOG RES INC COM Stock 26875P101 1,460 16,736 SH   SOLE   16,736 0 0
MOSAIC CO NEW COM Stock 61945C103 1,080 36,977 SH   SOLE   36,977 0 0
ABBVIE INC COM Stock 00287Y109 1,934 20,976 SH   SOLE   20,976 0 0
RANGE RES CORP COM Stock 75281A109 226 23,625 SH   SOLE   23,625 0 0
SM ENERGY CO COM Stock 78454L100 487 31,440 SH   SOLE   31,440 0 0
BLACKSTONE GROUP L P COM UNIT LTD Stock 09253U108 396 13,300 SH   SOLE   13,300 0 0
SEACOAST BKG CORP FLA COM NEW Stock 811707801 203 7,815 SH   SOLE   7,815 0 0
SYNOVUS FINL CORP COM NEW Stock 87161C501 892 27,875 SH   SOLE   27,875 0 0
LYON WILLIAM HOMES CL A NEW Stock 552074700 539 50,450 SH   SOLE   50,450 0 0
AT&T INC COM Stock 00206R102 657 23,015 SH   SOLE   23,015 0 0
PHYSICIANS RLTY TR COM REIT 71943U104 240 15,000 SH   SOLE   15,000 0 0
GENERAL ELECTRIC CO COM Stock 369604103 203 26,775 SH   SOLE   26,775 0 0
NOBLE CORP PLC SHS USD Stock G65431101 683 260,530 SH   SOLE   260,530 0 0
SCORPIO BULKERS INC COM Stock Y7546A122 134 24,145 SH   SOLE   24,145 0 0
WELLS FARGO CO NEW COM Stock 949746101 1,199 26,018 SH   SOLE   26,018 0 0
CONCHO RES INC COM Stock 20605P101 474 4,610 SH   SOLE   4,610 0 0
UNION PAC CORP COM Stock 907818108 218 1,580 SH   SOLE   1,580 0 0
JPMORGAN CHASE & CO COM Stock 46625H100 1,053 10,785 SH   SOLE   10,785 0 0
CHEVRON CORP NEW COM Stock 166764100 1,874 17,225 SH   SOLE   17,225 0 0
CINCINNATI FINL CORP COM Stock 172062101 244 3,150 SH   SOLE   3,150 0 0
BANK AMER CORP COM Stock 060505104 308 12,490 SH   SOLE   12,490 0 0
INTERNATIONAL BUSINESS MACHS COM Stock 459200101 1,548 13,618 SH   SOLE   13,618 0 0
PFIZER INC COM Stock 717081103 2,068 47,367 SH   SOLE   47,367 0 0
3M CO COM Stock 88579Y101 253 1,328 SH   SOLE   1,328 0 0
GILEAD SCIENCES INC COM Stock 375558103 1,529 24,452 SH   SOLE   24,452 0 0
CATERPILLAR INC DEL COM Stock 149123101 381 3,000 SH   SOLE   3,000 0 0
AMERICAN EXPRESS CO COM Stock 025816109 567 5,950 SH   SOLE   5,950 0 0
UNITED STATES STL CORP NEW COM Stock 912909108 314 17,230 SH   SOLE   17,230 0 0
ZIONS BANCORPORATION N A COM Stock 989701107 436 10,710 SH   SOLE   10,710 0 0
PARSLEY ENERGY INC CL A Stock 701877102 596 37,269 SH   SOLE   37,269 0 0
EATON CORP PLC SHS Stock G29183103 250 3,640 SH   SOLE   3,640 0 0
FRP HLDGS INC COM Stock 30292L107 497 10,800 SH   SOLE   10,800 0 0
BRISTOL MYERS SQUIBB CO COM Stock 110122108 1,753 33,728 SH   SOLE   33,728 0 0
EXXON MOBIL CORP COM Stock 30231G102 1,044 15,310 SH   SOLE   15,310 0 0
TRAVELERS COMPANIES INC COM Stock 89417E109 336 2,805 SH   SOLE   2,805 0 0
PACWEST BANCORP DEL COM Stock 695263103 274 8,228 SH   SOLE   8,228 0 0
DEERE & CO COM Stock 244199105 714 4,785 SH   SOLE   4,785 0 0
COLGATE PALMOLIVE CO COM Stock 194162103 561 9,425 SH   SOLE   9,425 0 0
TRITON INTL LTD CL A Stock G9078F107 518 16,656 SH   SOLE   16,656 0 0
BANK HAWAII CORP COM Stock 062540109 251 3,727 SH   SOLE   3,727 0 0
WESTROCK CO COM Stock 96145D105 846 22,415 SH   SOLE   22,415 0 0
CAPSTEAD MTG CORP COM NO PAR REIT 14067E506 329 49,325 SH   SOLE   49,325 0 0
BANNER CORP COM NEW Stock 06652V208 692 12,940 SH   SOLE   12,940 0 0
APPLE INC COM Stock 037833100 631 4,000 SH   SOLE   4,000 0 0
UNITED CMNTY BKS BLAIRSVLE GA COM Stock 90984P303 596 27,782 SH   SOLE   27,782 0 0
ABBOTT LABS COM Stock 002824100 657 9,084 SH   SOLE   9,084 0 0
DISNEY WALT CO COM DISNEY Stock 254687106 972 8,868 SH   SOLE   8,868 0 0