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 258 145 SH   SOLE   145 0 0
ONEMAIN HLDGS INC COM Stock 68268W103 953 30,024 SH   SOLE   30,024 0 0
CENTRAL SECS CORP COM CEF 155123102 831 29,000 SH   SOLE   29,000 0 0
VULCAN MATLS CO COM Stock 929160109 710 6,000 SH   SOLE   6,000 0 0
JOHNSON & JOHNSON COM Stock 478160104 836 5,981 SH   SOLE   5,981 0 0
AK STL HLDG CORP COM Stock 001547108 41 15,000 SH   SOLE   15,000 0 0
NOBLE ENERGY INC COM Stock 655044105 1,899 76,779 SH   SOLE   76,779 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A ADR 780259206 335 5,350 SH   SOLE   5,350 0 0
PROCTER AND GAMBLE CO COM Stock 742718109 231 2,217 SH   SOLE   2,217 0 0
COCA COLA CO COM Stock 191216100 268 5,722 SH   SOLE   5,722 0 0
GENERAL MLS INC COM Stock 370334104 1,220 23,580 SH   SOLE   23,580 0 0
ENTERPRISE PRODS PARTNERS L P COM Stock 293792107 416 14,280 SH   SOLE   14,280 0 0
INTEL CORP COM Stock 458140100 721 13,429 SH   SOLE   13,429 0 0
WESTERN ALLIANCE BANCORP COM Stock 957638109 1,378 33,582 SH   SOLE   33,582 0 0
STAR BULK CARRIERS CORP SHS PAR Stock Y8162K204 120 18,178 SH   SOLE   18,178 0 0
PACCAR INC COM Stock 693718108 504 7,401 SH   SOLE   7,401 0 0
EAGLE BULK SHIPPING INC SHS NEW Stock Y2187A143 87 18,625 SH   SOLE   18,625 0 0
BANCORP INC DEL COM Stock 05969A105 2,328 288,081 SH   SOLE   288,081 0 0
MERCK & CO INC COM Stock 58933Y105 2,125 25,552 SH   SOLE   25,551 0 0
ANNALY CAP MGMT INC COM REIT 035710409 611 61,180 SH   SOLE   61,180 0 0
NVR INC COM Stock 62944T105 3,412 1,233 SH   SOLE   1,233 0 0
CHUBB LIMITED COM Stock H1467J104 939 6,704 SH   SOLE   6,704 0 0
PEPSICO INC COM Stock 713448108 634 5,175 SH   SOLE   5,175 0 0
HONEYWELL INTL INC COM Stock 438516106 1,547 9,732 SH   SOLE   9,732 0 0
HOME DEPOT INC COM Stock 437076102 418 2,180 SH   SOLE   2,180 0 0
TRISTATE CAP HLDGS INC COM Stock 89678F100 1,005 49,185 SH   SOLE   49,185 0 0
ENSCO ROWAN PLC SHS CLASS A Stock G3166L100 900 228,958 SH   SOLE   228,958 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW Stock 084670702 1,727 8,597 SH   SOLE   8,597 0 0
ADOBE INC COM Stock 00724F101 533 2,000 SH   SOLE   2,000 0 0
WEYERHAEUSER CO COM Stock 962166104 460 17,460 SH   SOLE   17,460 0 0
LENNAR CORP CL A Stock 526057104 1,631 33,215 SH   SOLE   33,215 0 0
V F CORP COM Stock 918204108 354 4,070 SH   SOLE   4,070 0 0
BOEING CO COM Stock 097023105 473 1,241 SH   SOLE   1,241 0 0
OASIS PETE INC NEW COM Stock 674215108 145 24,015 SH   SOLE   24,015 0 0
NABORS INDUSTRIES LTD SHS Stock G6359F103 158 45,990 SH   SOLE   45,990 0 0
WEATHERFORD INTL PLC ORD SHS Stock G48833100 18 26,000 SH   SOLE   26,000 0 0
BROWN FORMAN CORP CL A Stock 115637100 623 12,175 SH   SOLE   12,175 0 0
GENERAL MTRS CO COM Stock 37045V100 841 22,664 SH   SOLE   22,664 0 0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN Stock 726503105 504 20,550 SH   SOLE   20,550 0 0
LILLY ELI & CO COM Stock 532457108 1,276 9,831 SH   SOLE   9,831 0 0
TEKLA HEALTHCARE INVS SH BEN INT CEF 87911J103 349 17,000 SH   SOLE   17,000 0 0
GOLAR LNG PARTNERS LP COM UNIT LPI Stock Y2745C102 206 15,920 SH   SOLE   15,920 0 0
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT Stock 573331105 189 15,150 SH   SOLE   15,150 0 0
BROWN FORMAN CORP CL B Stock 115637209 882 16,705 SH   SOLE   16,705 0 0
BOK FINL CORP COM NEW Stock 05561Q201 628 7,701 SH   SOLE   7,701 0 0
ALLERGAN PLC SHS Stock G0177J108 1,016 6,937 SH   SOLE   6,937 0 0
ENERGY TRANSFER LP COM UT LTD PTN Stock 29273V100 372 24,232 SH   SOLE   24,232 0 0
EATON VANCE CORP COM NON VTG Stock 278265103 384 9,531 SH   SOLE   9,531 0 0
META FINL GROUP INC COM Stock 59100U108 266 13,518 SH   SOLE   13,518 0 0
CAMBRIDGE BANCORP COM Stock 132152109 2,133 25,744 SH   SOLE   25,744 0 0
SANCHEZ ENERGY CORP COM Stock 79970Y105 3 17,375 SH   SOLE   17,375 0 0
VISA INC COM CL A Stock 92826C839 437 2,800 SH   SOLE   2,800 0 0
HERSHEY CO COM Stock 427866108 281 2,450 SH   SOLE   2,450 0 0
BANC OF CALIFORNIA INC COM Stock 05990K106 242 17,515 SH   SOLE   17,515 0 0
DIAMONDBACK ENERGY INC COM Stock 25278X109 390 3,839 SH   SOLE   3,839 0 0
PIONEER NAT RES CO COM Stock 723787107 1,987 13,051 SH   SOLE   13,051 0 0
MCDERMOTT INTL INC COM Stock 580037703 363 48,824 SH   SOLE   48,824 0 0
CIMAREX ENERGY CO COM Stock 171798101 829 11,856 SH   SOLE   11,856 0 0
CF INDS HLDGS INC COM Stock 125269100 1,184 28,974 SH   SOLE   28,974 0 0
ENBRIDGE INC COM Stock 29250N105 514 14,162 SH   SOLE   14,162 0 0
EOG RES INC COM Stock 26875P101 1,654 17,381 SH   SOLE   17,381 0 0
MOSAIC CO NEW COM Stock 61945C103 957 35,039 SH   SOLE   35,039 0 0
ABBVIE INC COM Stock 00287Y109 1,723 21,374 SH   SOLE   21,374 0 0
RANGE RES CORP COM Stock 75281A109 270 24,000 SH   SOLE   24,000 0 0
SM ENERGY CO COM Stock 78454L100 705 40,317 SH   SOLE   40,317 0 0
BLACKSTONE GROUP L P COM UNIT LTD Stock 09253U108 494 14,140 SH   SOLE   14,140 0 0
SEACOAST BKG CORP FLA COM NEW Stock 811707801 202 7,660 SH   SOLE   7,660 0 0
SYNOVUS FINL CORP COM NEW Stock 87161C501 642 18,673 SH   SOLE   18,673 0 0
MGM RESORTS INTERNATIONAL COM Stock 552953101 229 8,925 SH   SOLE   8,925 0 0
LYON WILLIAM HOMES CL A NEW Stock 552074700 718 46,745 SH   SOLE   46,745 0 0
AT&T INC COM Stock 00206R102 980 31,260 SH   SOLE   31,260 0 0
PHYSICIANS RLTY TR COM REIT 71943U104 285 15,175 SH   SOLE   15,175 0 0
GENERAL ELECTRIC CO COM Stock 369604103 267 26,775 SH   SOLE   26,775 0 0
NOBLE CORP PLC SHS USD Stock G65431101 870 303,195 SH   SOLE   303,195 0 0
SCORPIO BULKERS INC COM Stock Y7546A122 106 27,630 SH   SOLE   27,630 0 0
WELLS FARGO CO NEW COM Stock 949746101 1,193 24,688 SH   SOLE   24,688 0 0
CONCHO RES INC COM Stock 20605P101 846 7,623 SH   SOLE   7,623 0 0
UNION PACIFIC CORP COM Stock 907818108 264 1,580 SH   SOLE   1,580 0 0
JPMORGAN CHASE & CO COM Stock 46625H100 1,115 11,010 SH   SOLE   11,010 0 0
CHEVRON CORP NEW COM Stock 166764100 2,223 18,043 SH   SOLE   18,043 0 0
CINCINNATI FINL CORP COM Stock 172062101 279 3,250 SH   SOLE   3,250 0 0
DANAHER CORPORATION COM Stock 235851102 226 1,711 SH   SOLE   1,711 0 0
BANK AMER CORP COM Stock 060505104 359 13,015 SH   SOLE   13,015 0 0
INTERNATIONAL BUSINESS MACHS COM Stock 459200101 1,979 14,029 SH   SOLE   14,029 0 0
PFIZER INC COM Stock 717081103 1,987 46,794 SH   SOLE   46,794 0 0
3M CO COM Stock 88579Y101 328 1,578 SH   SOLE   1,578 0 0
GILEAD SCIENCES INC COM Stock 375558103 1,583 24,356 SH   SOLE   24,356 0 0
CATERPILLAR INC DEL COM Stock 149123101 406 3,000 SH   SOLE   3,000 0 0
ALPHABET INC CAP STK CL C Stock 02079K107 377 321 SH   SOLE   321 0 0
AMERICAN EXPRESS CO COM Stock 025816109 724 6,625 SH   SOLE   6,625 0 0
ZIONS BANCORPORATION N A COM Stock 989701107 404 8,900 SH   SOLE   8,900 0 0
PARSLEY ENERGY INC CL A Stock 701877102 918 47,569 SH   SOLE   47,569 0 0
EATON CORP PLC SHS Stock G29183103 272 3,380 SH   SOLE   3,380 0 0
FRP HLDGS INC COM Stock 30292L107 514 10,800 SH   SOLE   10,800 0 0
BRISTOL MYERS SQUIBB CO COM Stock 110122108 1,596 33,443 SH   SOLE   33,443 0 0
EXXON MOBIL CORP COM Stock 30231G102 1,309 16,195 SH   SOLE   16,195 0 0
TRAVELERS COMPANIES INC COM Stock 89417E109 377 2,750 SH   SOLE   2,750 0 0
ROYAL DUTCH SHELL PLC SPON ADR B ADR 780259107 213 3,336 SH   SOLE   3,336 0 0
PACWEST BANCORP DEL COM Stock 695263103 347 9,228 SH   SOLE   9,228 0 0
DEERE & CO COM Stock 244199105 738 4,620 SH   SOLE   4,620 0 0
COLGATE PALMOLIVE CO COM Stock 194162103 721 10,525 SH   SOLE   10,525 0 0
TRITON INTL LTD CL A Stock G9078F107 733 23,558 SH   SOLE   23,558 0 0
BANK HAWAII CORP COM Stock 062540109 292 3,702 SH   SOLE   3,702 0 0
WESTROCK CO COM Stock 96145D105 1,338 34,890 SH   SOLE   34,890 0 0
CAPSTEAD MTG CORP COM NO PAR REIT 14067E506 447 52,025 SH   SOLE   52,025 0 0
BANNER CORP COM NEW Stock 06652V208 690 12,735 SH   SOLE   12,735 0 0
APPLE INC COM Stock 037833100 749 3,944 SH   SOLE   3,944 0 0
UNITED CMNTY BKS BLAIRSVLE GA COM Stock 90984P303 623 24,975 SH   SOLE   24,975 0 0
ABBOTT LABS COM Stock 002824100 707 8,845 SH   SOLE   8,845 0 0
DISNEY WALT CO COM DISNEY Stock 254687106 1,032 9,297 SH   SOLE   9,297 0 0