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 214 123 SH   SOLE   123 0 0
ONEMAIN HLDGS INC COM Stock 68268W103 983 26,805 SH   SOLE   26,805 0 0
CENTRAL SECS CORP COM CEF 155123102 911 29,000 SH   SOLE   29,000 0 0
VULCAN MATLS CO COM Stock 929160109 832 5,500 SH   SOLE   5,500 0 0
JOHNSON & JOHNSON COM Stock 478160104 733 5,669 SH   SOLE   5,669 0 0
NOBLE ENERGY INC COM Stock 655044105 1,530 68,103 SH   SOLE   68,103 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A ADR 780259206 291 4,950 SH   SOLE   4,950 0 0
PROCTER & GAMBLE CO COM Stock 742718109 251 2,017 SH   SOLE   2,017 0 0
COCA COLA CO COM Stock 191216100 312 5,722 SH   SOLE   5,722 0 0
GENERAL MLS INC COM Stock 370334104 1,289 23,380 SH   SOLE   23,380 0 0
ENTERPRISE PRODS PARTNERS L P COM Stock 293792107 404 14,130 SH   SOLE   14,130 0 0
INTEL CORP COM Stock 458140100 718 13,935 SH   SOLE   13,935 0 0
WESTERN ALLIANCE BANCORP COM Stock 957638109 1,516 32,907 SH   SOLE   32,907 0 0
STAR BULK CARRIERS CORP SHS PAR Stock Y8162K204 191 18,985 SH   SOLE   18,985 0 0
PACCAR INC COM Stock 693718108 450 6,431 SH   SOLE   6,431 0 0
EAGLE BULK SHIPPING INC SHS NEW Stock Y2187A143 80 18,375 SH   SOLE   18,375 0 0
BANCORP INC DEL COM Stock 05969A105 2,479 250,395 SH   SOLE   250,395 0 0
MERCK & CO INC COM Stock 58933Y105 1,822 21,639 SH   SOLE   21,638 0 0
ANNALY CAP MGMT INC COM REIT 035710409 270 30,630 SH   SOLE   30,630 0 0
NVR INC COM Stock 62944T105 3,424 921 SH   SOLE   921 0 0
CHUBB LIMITED COM Stock H1467J104 1,039 6,434 SH   SOLE   6,434 0 0
PEPSICO INC COM Stock 713448108 692 5,050 SH   SOLE   5,050 0 0
HONEYWELL INTL INC COM Stock 438516106 1,562 9,229 SH   SOLE   9,229 0 0
HOME DEPOT INC COM Stock 437076102 454 1,955 SH   SOLE   1,955 0 0
TRISTATE CAP HLDGS INC COM Stock 89678F100 1,151 54,685 SH   SOLE   54,685 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW Stock 084670702 1,757 8,447 SH   SOLE   8,447 0 0
ADOBE INC COM Stock 00724F101 553 2,000 SH   SOLE   2,000 0 0
WEYERHAEUSER CO COM Stock 962166104 916 33,064 SH   SOLE   33,064 0 0
LENNAR CORP CL A Stock 526057104 1,798 32,190 SH   SOLE   32,190 0 0
CVS HEALTH CORP COM Stock 126650100 778 12,343 SH   SOLE   12,343 0 0
V F CORP COM Stock 918204108 344 3,870 SH   SOLE   3,870 0 0
BOEING CO COM Stock 097023105 479 1,259 SH   SOLE   1,259 0 0
OASIS PETE INC NEW COM Stock 674215108 102 29,390 SH   SOLE   29,390 0 0
NABORS INDUSTRIES LTD SHS Stock G6359F103 87 46,765 SH   SOLE   46,765 0 0
BROWN FORMAN CORP CL A Stock 115637100 791 31,623 SH   SOLE   31,623 0 0
GENERAL MTRS CO COM Stock 37045V100 803 21,414 SH   SOLE   21,414 0 0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN Stock 726503105 424 20,450 SH   SOLE   20,450 0 0
VALARIS PLC SHS CLASS A Stock G9402V109 323 67,111 SH   SOLE   67,111 0 0
LILLY ELI & CO COM Stock 532457108 948 8,480 SH   SOLE   8,480 0 0
TEKLA HEALTHCARE INVS SH BEN INT CEF 87911J103 312 17,000 SH   SOLE   17,000 0 0
BROWN FORMAN CORP CL B Stock 115637209 1,005 20,544 SH   SOLE   20,544 0 0
BOK FINL CORP COM NEW Stock 05561Q201 551 6,956 SH   SOLE   6,956 0 0
ALLERGAN PLC SHS Stock G0177J108 383 2,273 SH   SOLE   2,273 0 0
ENERGY TRANSFER LP COM UT LTD PTN Stock 29273V100 413 31,610 SH   SOLE   31,610 0 0
EATON VANCE CORP COM NON VTG Stock 278265103 423 9,406 SH   SOLE   9,406 0 0
META FINL GROUP INC COM Stock 59100U108 371 11,383 SH   SOLE   11,383 0 0
CAMBRIDGE BANCORP COM Stock 132152109 1,796 23,944 SH   SOLE   23,944 0 0
VISA INC COM CL A Stock 92826C839 421 2,450 SH   SOLE   2,450 0 0
HERSHEY CO COM Stock 427866108 372 2,400 SH   SOLE   2,400 0 0
BANC OF CALIFORNIA INC COM Stock 05990K106 570 40,295 SH   SOLE   40,295 0 0
DIAMONDBACK ENERGY INC COM Stock 25278X109 518 5,762 SH   SOLE   5,762 0 0
PIONEER NAT RES CO COM Stock 723787107 1,686 13,407 SH   SOLE   13,407 0 0
MCDERMOTT INTL INC COM Stock 580037703 127 62,901 SH   SOLE   62,901 0 0
CIMAREX ENERGY CO COM Stock 171798101 680 14,190 SH   SOLE   14,190 0 0
CF INDS HLDGS INC COM Stock 125269100 1,339 27,220 SH   SOLE   27,220 0 0
ENBRIDGE INC COM Stock 29250N105 499 14,225 SH   SOLE   14,225 0 0
EOG RES INC COM Stock 26875P101 1,397 18,817 SH   SOLE   18,817 0 0
ABBVIE INC COM Stock 00287Y109 1,745 23,044 SH   SOLE   23,044 0 0
RANGE RES CORP COM Stock 75281A109 95 24,850 SH   SOLE   24,850 0 0
SM ENERGY CO COM Stock 78454L100 523 53,980 SH   SOLE   53,980 0 0
BLACKSTONE GROUP INC COM CL A Stock 09260D107 559 11,443 SH   SOLE   11,443 0 0
SYNOVUS FINL CORP COM NEW Stock 87161C501 526 14,708 SH   SOLE   14,708 0 0
MGM RESORTS INTERNATIONAL COM Stock 552953101 247 8,925 SH   SOLE   8,925 0 0
LYON WILLIAM HOMES CL A NEW Stock 552074700 925 45,440 SH   SOLE   45,440 0 0
CISCO SYS INC COM Stock 17275R102 298 6,032 SH   SOLE   6,032 0 0
AT&T INC COM Stock 00206R102 1,370 36,210 SH   SOLE   36,210 0 0
PHYSICIANS RLTY TR COM REIT 71943U104 264 14,875 SH   SOLE   14,875 0 0
GENERAL ELECTRIC CO COM Stock 369604103 316 35,350 SH   SOLE   35,350 0 0
NOBLE CORP PLC SHS USD Stock G65431101 445 350,750 SH   SOLE   350,750 0 0
SCORPIO BULKERS INC COM Stock Y7546A122 184 30,345 SH   SOLE   30,345 0 0
WELLS FARGO CO NEW COM Stock 949746101 1,148 22,764 SH   SOLE   22,764 0 0
CONCHO RES INC COM Stock 20605P101 772 11,366 SH   SOLE   11,366 0 0
UNION PACIFIC CORP COM Stock 907818108 239 1,475 SH   SOLE   1,475 0 0
JPMORGAN CHASE & CO COM Stock 46625H100 1,249 10,610 SH   SOLE   10,610 0 0
CHEVRON CORP NEW COM Stock 166764100 2,109 17,783 SH   SOLE   17,783 0 0
CINCINNATI FINL CORP COM Stock 172062101 379 3,250 SH   SOLE   3,250 0 0
DANAHER CORPORATION COM Stock 235851102 209 1,447 SH   SOLE   1,447 0 0
BANK AMER CORP COM Stock 060505104 360 12,325 SH   SOLE   12,325 0 0
INTERNATIONAL BUSINESS MACHS COM Stock 459200101 2,229 15,330 SH   SOLE   15,330 0 0
PFIZER INC COM Stock 717081103 1,631 45,394 SH   SOLE   45,394 0 0
3M CO COM Stock 88579Y101 260 1,584 SH   SOLE   1,584 0 0
GILEAD SCIENCES INC COM Stock 375558103 1,452 22,915 SH   SOLE   22,915 0 0
CATERPILLAR INC DEL COM Stock 149123101 379 3,000 SH   SOLE   3,000 0 0
ALPHABET INC CAP STK CL C Stock 02079K107 922 756 SH   SOLE   756 0 0
AMERICAN EXPRESS CO COM Stock 025816109 775 6,550 SH   SOLE   6,550 0 0
ZIONS BANCORPORATION N A COM Stock 989701107 396 8,900 SH   SOLE   8,900 0 0
PARSLEY ENERGY INC CL A Stock 701877102 863 51,344 SH   SOLE   51,344 0 0
FRP HLDGS INC COM Stock 30292L107 519 10,800 SH   SOLE   10,800 0 0
BRISTOL MYERS SQUIBB CO COM Stock 110122108 1,884 37,161 SH   SOLE   37,161 0 0
EXXON MOBIL CORP COM Stock 30231G102 1,188 16,820 SH   SOLE   16,820 0 0
TRAVELERS COMPANIES INC COM Stock 89417E109 387 2,600 SH   SOLE   2,600 0 0
ROYAL DUTCH SHELL PLC SPON ADR B ADR 780259107 206 3,436 SH   SOLE   3,436 0 0
PACWEST BANCORP DEL COM Stock 695263103 426 11,728 SH   SOLE   11,728 0 0
DEERE & CO COM Stock 244199105 779 4,620 SH   SOLE   4,620 0 0
COLGATE PALMOLIVE CO COM Stock 194162103 761 10,355 SH   SOLE   10,355 0 0
TRITON INTL LTD CL A Stock G9078F107 1,235 36,496 SH   SOLE   36,496 0 0
BANK HAWAII CORP COM Stock 062540109 310 3,602 SH   SOLE   3,602 0 0
WESTROCK CO COM Stock 96145D105 1,752 48,078 SH   SOLE   48,078 0 0
CAPSTEAD MTG CORP COM NO PAR REIT 14067E506 83 11,325 SH   SOLE   11,325 0 0
BANNER CORP COM NEW Stock 06652V208 700 12,460 SH   SOLE   12,460 0 0
APPLE INC COM Stock 037833100 829 3,703 SH   SOLE   3,703 0 0
UNITED CMNTY BKS BLAIRSVLE GA COM Stock 90984P303 398 14,050 SH   SOLE   14,050 0 0
ABBOTT LABS COM Stock 002824100 665 7,952 SH   SOLE   7,952 0 0
DISNEY WALT CO COM DISNEY Stock 254687106 1,138 8,732 SH   SOLE   8,732 0 0