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 254 134 SH   SOLE   134 0 0
ONEMAIN HLDGS INC COM Stock 68268W103 972 28,744 SH   SOLE   28,744 0 0
CENTRAL SECS CORP COM CEF 155123102 885 29,000 SH   SOLE   29,000 0 0
VULCAN MATLS CO COM Stock 929160109 824 6,000 SH   SOLE   6,000 0 0
JOHNSON & JOHNSON COM Stock 478160104 811 5,821 SH   SOLE   5,821 0 0
NOBLE ENERGY INC COM Stock 655044105 1,631 72,794 SH   SOLE   72,794 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A ADR 780259206 322 4,950 SH   SOLE   4,950 0 0
PROCTER AND GAMBLE CO COM Stock 742718109 232 2,117 SH   SOLE   2,117 0 0
COCA COLA CO COM Stock 191216100 291 5,722 SH   SOLE   5,722 0 0
GENERAL MLS INC COM Stock 370334104 1,233 23,480 SH   SOLE   23,480 0 0
ENTERPRISE PRODS PARTNERS L P COM Stock 293792107 412 14,280 SH   SOLE   14,280 0 0
INTEL CORP COM Stock 458140100 632 13,210 SH   SOLE   13,210 0 0
WESTERN ALLIANCE BANCORP COM Stock 957638109 1,483 33,157 SH   SOLE   33,157 0 0
STAR BULK CARRIERS CORP SHS PAR Stock Y8162K204 200 20,735 SH   SOLE   20,735 0 0
PACCAR INC COM Stock 693718108 530 7,401 SH   SOLE   7,401 0 0
EAGLE BULK SHIPPING INC SHS NEW Stock Y2187A143 98 18,625 SH   SOLE   18,625 0 0
BANCORP INC DEL COM Stock 05969A105 2,338 262,161 SH   SOLE   262,161 0 0
MERCK & CO INC COM Stock 58933Y105 1,899 22,643 SH   SOLE   22,642 0 0
ANNALY CAP MGMT INC COM REIT 035710409 270 29,530 SH   SOLE   29,530 0 0
NVR INC COM Stock 62944T105 3,458 1,026 SH   SOLE   1,026 0 0
CHUBB LIMITED COM Stock H1467J104 976 6,629 SH   SOLE   6,629 0 0
PEPSICO INC COM Stock 713448108 672 5,125 SH   SOLE   5,125 0 0
HONEYWELL INTL INC COM Stock 438516106 1,641 9,401 SH   SOLE   9,401 0 0
HOME DEPOT INC COM Stock 437076102 422 2,030 SH   SOLE   2,030 0 0
TRISTATE CAP HLDGS INC COM Stock 89678F100 1,166 54,635 SH   SOLE   54,635 0 0
ENSCO ROWAN PLC SHS CLASS A Stock G3166L100 571 66,998 SH   SOLE   66,998 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW Stock 084670702 1,823 8,552 SH   SOLE   8,552 0 0
ADOBE INC COM Stock 00724F101 589 2,000 SH   SOLE   2,000 0 0
WEYERHAEUSER CO COM Stock 962166104 823 31,264 SH   SOLE   31,264 0 0
LENNAR CORP CL A Stock 526057104 1,566 32,315 SH   SOLE   32,315 0 0
CVS HEALTH CORP COM Stock 126650100 414 7,605 SH   SOLE   7,605 0 0
V F CORP COM Stock 918204108 356 4,070 SH   SOLE   4,070 0 0
BOEING CO COM Stock 097023105 458 1,259 SH   SOLE   1,259 0 0
OASIS PETE INC NEW COM Stock 674215108 154 27,115 SH   SOLE   27,115 0 0
NABORS INDUSTRIES LTD SHS Stock G6359F103 124 42,615 SH   SOLE   42,615 0 0
BROWN FORMAN CORP CL A Stock 115637100 719 13,069 SH   SOLE   13,069 0 0
GENERAL MTRS CO COM Stock 37045V100 902 23,414 SH   SOLE   23,414 0 0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN Stock 726503105 498 20,450 SH   SOLE   20,450 0 0
LILLY ELI & CO COM Stock 532457108 1,010 9,115 SH   SOLE   9,115 0 0
TEKLA HEALTHCARE INVS SH BEN INT CEF 87911J103 341 17,000 SH   SOLE   17,000 0 0
GOLAR LNG PARTNERS LP COM UNIT LPI Stock Y2745C102 172 15,220 SH   SOLE   15,220 0 0
BROWN FORMAN CORP CL B Stock 115637209 895 16,155 SH   SOLE   16,155 0 0
BOK FINL CORP COM NEW Stock 05561Q201 525 6,956 SH   SOLE   6,956 0 0
ALLERGAN PLC SHS Stock G0177J108 887 5,297 SH   SOLE   5,297 0 0
ENERGY TRANSFER LP COM UT LTD PTN Stock 29273V100 397 28,182 SH   SOLE   28,182 0 0
EATON VANCE CORP COM NON VTG Stock 278265103 406 9,406 SH   SOLE   9,406 0 0
META FINL GROUP INC COM Stock 59100U108 346 12,318 SH   SOLE   12,318 0 0
CAMBRIDGE BANCORP COM Stock 132152109 2,010 24,664 SH   SOLE   24,664 0 0
VISA INC COM CL A Stock 92826C839 434 2,500 SH   SOLE   2,500 0 0
HERSHEY CO COM Stock 427866108 328 2,450 SH   SOLE   2,450 0 0
BANC OF CALIFORNIA INC COM Stock 05990K106 471 33,750 SH   SOLE   33,750 0 0
DIAMONDBACK ENERGY INC COM Stock 25278X109 543 4,982 SH   SOLE   4,982 0 0
PIONEER NAT RES CO COM Stock 723787107 1,992 12,950 SH   SOLE   12,950 0 0
MCDERMOTT INTL INC COM Stock 580037703 544 56,313 SH   SOLE   56,313 0 0
CIMAREX ENERGY CO COM Stock 171798101 723 12,186 SH   SOLE   12,186 0 0
CF INDS HLDGS INC COM Stock 125269100 1,344 28,774 SH   SOLE   28,774 0 0
ENBRIDGE INC COM Stock 29250N105 506 14,025 SH   SOLE   14,025 0 0
EOG RES INC COM Stock 26875P101 1,701 18,256 SH   SOLE   18,256 0 0
ABBVIE INC COM Stock 00287Y109 1,576 21,669 SH   SOLE   21,669 0 0
RANGE RES CORP COM Stock 75281A109 176 25,250 SH   SOLE   25,250 0 0
SM ENERGY CO COM Stock 78454L100 567 45,292 SH   SOLE   45,292 0 0
MACYS INC COM Stock 55616P104 209 9,737 SH   SOLE   9,737 0 0
BLACKSTONE GROUP INC COM CL A Stock 09260D107 621 13,970 SH   SOLE   13,970 0 0
SYNOVUS FINL CORP COM NEW Stock 87161C501 545 15,566 SH   SOLE   15,566 0 0
MGM RESORTS INTERNATIONAL COM Stock 552953101 255 8,925 SH   SOLE   8,925 0 0
LYON WILLIAM HOMES CL A NEW Stock 552074700 842 46,165 SH   SOLE   46,165 0 0
AT&T INC COM Stock 00206R102 1,201 35,835 SH   SOLE   35,835 0 0
PHYSICIANS RLTY TR COM REIT 71943U104 265 15,175 SH   SOLE   15,175 0 0
GENERAL ELECTRIC CO COM Stock 369604103 278 26,475 SH   SOLE   26,475 0 0
NOBLE CORP PLC SHS USD Stock G65431101 642 343,085 SH   SOLE   343,085 0 0
SCORPIO BULKERS INC COM Stock Y7546A122 149 32,370 SH   SOLE   32,370 0 0
WELLS FARGO CO NEW COM Stock 949746101 1,121 23,689 SH   SOLE   23,689 0 0
CONCHO RES INC COM Stock 20605P101 1,011 9,797 SH   SOLE   9,797 0 0
UNION PACIFIC CORP COM Stock 907818108 267 1,580 SH   SOLE   1,580 0 0
JPMORGAN CHASE & CO COM Stock 46625H100 1,206 10,785 SH   SOLE   10,785 0 0
CHEVRON CORP NEW COM Stock 166764100 2,238 17,983 SH   SOLE   17,983 0 0
CINCINNATI FINL CORP COM Stock 172062101 337 3,250 SH   SOLE   3,250 0 0
DANAHER CORPORATION COM Stock 235851102 216 1,514 SH   SOLE   1,514 0 0
BANK AMER CORP COM Stock 060505104 357 12,325 SH   SOLE   12,325 0 0
INTERNATIONAL BUSINESS MACHS COM Stock 459200101 2,149 15,586 SH   SOLE   15,586 0 0
PFIZER INC COM Stock 717081103 1,976 45,619 SH   SOLE   45,619 0 0
3M CO COM Stock 88579Y101 275 1,584 SH   SOLE   1,584 0 0
GILEAD SCIENCES INC COM Stock 375558103 1,516 22,435 SH   SOLE   22,435 0 0
CATERPILLAR INC DEL COM Stock 149123101 409 3,000 SH   SOLE   3,000 0 0
ALPHABET INC CAP STK CL C Stock 02079K107 626 579 SH   SOLE   579 0 0
AMERICAN EXPRESS CO COM Stock 025816109 818 6,625 SH   SOLE   6,625 0 0
ZIONS BANCORPORATION N A COM Stock 989701107 409 8,900 SH   SOLE   8,900 0 0
PARSLEY ENERGY INC CL A Stock 701877102 955 50,219 SH   SOLE   50,219 0 0
EATON CORP PLC SHS Stock G29183103 209 2,510 SH   SOLE   2,510 0 0
FRP HLDGS INC COM Stock 30292L107 602 10,800 SH   SOLE   10,800 0 0
BRISTOL MYERS SQUIBB CO COM Stock 110122108 1,636 36,076 SH   SOLE   36,076 0 0
EXXON MOBIL CORP COM Stock 30231G102 1,256 16,395 SH   SOLE   16,395 0 0
TRAVELERS COMPANIES INC COM Stock 89417E109 404 2,700 SH   SOLE   2,700 0 0
ROYAL DUTCH SHELL PLC SPON ADR B ADR 780259107 219 3,336 SH   SOLE   3,336 0 0
PACWEST BANCORP DEL COM Stock 695263103 436 11,228 SH   SOLE   11,228 0 0
DEERE & CO COM Stock 244199105 766 4,620 SH   SOLE   4,620 0 0
COLGATE PALMOLIVE CO COM Stock 194162103 749 10,455 SH   SOLE   10,455 0 0
TRITON INTL LTD CL A Stock G9078F107 1,178 35,971 SH   SOLE   35,971 0 0
BANK HAWAII CORP COM Stock 062540109 301 3,627 SH   SOLE   3,627 0 0
WESTROCK CO COM Stock 96145D105 1,624 44,536 SH   SOLE   44,536 0 0
CAPSTEAD MTG CORP COM NO PAR REIT 14067E506 91 10,925 SH   SOLE   10,925 0 0
BANNER CORP COM NEW Stock 06652V208 680 12,560 SH   SOLE   12,560 0 0
APPLE INC COM Stock 037833100 754 3,810 SH   SOLE   3,810 0 0
UNITED CMNTY BKS BLAIRSVLE GA COM Stock 90984P303 518 18,150 SH   SOLE   18,150 0 0
ABBOTT LABS COM Stock 002824100 707 8,402 SH   SOLE   8,402 0 0
DISNEY WALT CO COM DISNEY Stock 254687106 1,285 9,202 SH   SOLE   9,202 0 0