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 222 120 SH   SOLE   120 0 0
ONEMAIN HLDGS INC COM Stock 68268W103 993 23,550 SH   SOLE   23,550 0 0
CENTRAL SECS CORP COM CEF 155123102 960 29,000 SH   SOLE   29,000 0 0
VULCAN MATLS CO COM Stock 929160109 792 5,500 SH   SOLE   5,500 0 0
JOHNSON & JOHNSON COM Stock 478160104 871 5,974 SH   SOLE   5,974 0 0
NOBLE ENERGY INC COM Stock 655044105 1,691 68,078 SH   SOLE   68,078 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A ADR 780259206 292 4,950 SH   SOLE   4,950 0 0
PROCTER & GAMBLE CO COM Stock 742718109 264 2,117 SH   SOLE   2,117 0 0
COCA COLA CO COM Stock 191216100 317 5,722 SH   SOLE   5,722 0 0
GENERAL MLS INC COM Stock 370334104 1,274 23,780 SH   SOLE   23,780 0 0
ENTERPRISE PRODS PARTNERS L P COM Stock 293792107 398 14,126 SH   SOLE   14,126 0 0
INTEL CORP COM Stock 458140100 825 13,785 SH   SOLE   13,785 0 0
WESTERN ALLIANCE BANCORP COM Stock 957638109 1,862 32,667 SH   SOLE   32,667 0 0
STAR BULK CARRIERS CORP SHS PAR Stock Y8162K204 218 18,440 SH   SOLE   18,440 0 0
PACCAR INC COM Stock 693718108 501 6,330 SH   SOLE   6,330 0 0
EAGLE BULK SHIPPING INC SHS NEW Stock Y2187A143 97 21,000 SH   SOLE   21,000 0 0
BANCORP INC DEL COM Stock 05969A105 3,161 243,745 SH   SOLE   243,745 0 0
MERCK & CO INC COM Stock 58933Y105 1,972 21,682 SH   SOLE   21,681 0 0
ANNALY CAP MGMT INC COM REIT 035710409 279 29,630 SH   SOLE   29,630 0 0
NVR INC COM Stock 62944T105 3,184 836 SH   SOLE   836 0 0
CHUBB LIMITED COM Stock H1467J104 1,018 6,538 SH   SOLE   6,538 0 0
PEPSICO INC COM Stock 713448108 759 5,550 SH   SOLE   5,550 0 0
HONEYWELL INTL INC COM Stock 438516106 1,631 9,214 SH   SOLE   9,214 0 0
HOME DEPOT INC COM Stock 437076102 454 2,080 SH   SOLE   2,080 0 0
TRISTATE CAP HLDGS INC COM Stock 89678F100 1,414 54,123 SH   SOLE   54,123 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW Stock 084670702 1,970 8,697 SH   SOLE   8,697 0 0
ADOBE INC COM Stock 00724F101 660 2,000 SH   SOLE   2,000 0 0
WEYERHAEUSER CO COM Stock 962166104 989 32,764 SH   SOLE   32,764 0 0
LENNAR CORP CL A Stock 526057104 1,663 29,813 SH   SOLE   29,813 0 0
CVS HEALTH CORP COM Stock 126650100 1,054 14,191 SH   SOLE   14,191 0 0
V F CORP COM Stock 918204108 384 3,855 SH   SOLE   3,855 0 0
BOEING CO COM Stock 097023105 412 1,265 SH   SOLE   1,265 0 0
OASIS PETE INC NEW COM Stock 674215108 58 17,791 SH   SOLE   17,791 0 0
NABORS INDUSTRIES LTD SHS Stock G6359F103 139 48,335 SH   SOLE   48,335 0 0
BROWN FORMAN CORP CL A Stock 115637100 848 31,923 SH   SOLE   31,923 0 0
GENERAL MTRS CO COM Stock 37045V100 789 21,549 SH   SOLE   21,549 0 0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN Stock 726503105 378 20,536 SH   SOLE   20,536 0 0
VALARIS PLC SHS CLASS A Stock G9402V109 140 21,291 SH   SOLE   21,291 0 0
LILLY ELI & CO COM Stock 532457108 1,114 8,479 SH   SOLE   8,479 0 0
TEKLA HEALTHCARE INVS SH BEN INT CEF 87911J103 355 17,000 SH   SOLE   17,000 0 0
BROWN FORMAN CORP CL B Stock 115637209 1,062 20,244 SH   SOLE   20,244 0 0
BOK FINL CORP COM NEW Stock 05561Q201 608 6,956 SH   SOLE   6,956 0 0
ALLERGAN PLC SHS Stock G0177J108 429 2,245 SH   SOLE   2,245 0 0
ENERGY TRANSFER LP COM UT LTD PTN Stock 29273V100 352 27,401 SH   SOLE   27,401 0 0
EATON VANCE CORP COM NON VTG Stock 278265103 439 9,406 SH   SOLE   9,406 0 0
META FINL GROUP INC COM Stock 59100U108 375 10,278 SH   SOLE   10,278 0 0
CAMBRIDGE BANCORP COM Stock 132152109 1,905 23,769 SH   SOLE   23,769 0 0
VISA INC COM CL A Stock 92826C839 456 2,425 SH   SOLE   2,425 0 0
HERSHEY CO COM Stock 427866108 345 2,350 SH   SOLE   2,350 0 0
BANC OF CALIFORNIA INC COM Stock 05990K106 767 44,670 SH   SOLE   44,670 0 0
DIAMONDBACK ENERGY INC COM Stock 25278X109 672 7,233 SH   SOLE   7,233 0 0
PIONEER NAT RES CO COM Stock 723787107 2,033 13,433 SH   SOLE   13,433 0 0
MCDERMOTT INTL INC COM Stock 580037703 33 48,277 SH   SOLE   48,277 0 0
CIMAREX ENERGY CO COM Stock 171798101 795 15,143 SH   SOLE   15,143 0 0
CF INDS HLDGS INC COM Stock 125269100 1,291 27,045 SH   SOLE   27,045 0 0
ENBRIDGE INC COM Stock 29250N105 566 14,225 SH   SOLE   14,225 0 0
EOG RES INC COM Stock 26875P101 1,535 18,321 SH   SOLE   18,321 0 0
ABBVIE INC COM Stock 00287Y109 2,038 23,015 SH   SOLE   23,015 0 0
SM ENERGY CO COM Stock 78454L100 299 26,643 SH   SOLE   26,643 0 0
BLACKSTONE GROUP INC COM CL A Stock 09260D107 607 10,859 SH   SOLE   10,859 0 0
SEACOAST BKG CORP FLA COM NEW Stock 811707801 220 7,210 SH   SOLE   7,210 0 0
SYNOVUS FINL CORP COM NEW Stock 87161C501 577 14,708 SH   SOLE   14,708 0 0
ZIMMER BIOMET HLDGS INC COM Stock 98956P102 201 1,340 SH   SOLE   1,340 0 0
MGM RESORTS INTERNATIONAL COM Stock 552953101 292 8,775 SH   SOLE   8,775 0 0
LYON WILLIAM HOMES CL A NEW Stock 552074700 438 21,900 SH   SOLE   21,900 0 0
CISCO SYS INC COM Stock 17275R102 762 15,892 SH   SOLE   15,892 0 0
AT&T INC COM Stock 00206R102 1,419 36,303 SH   SOLE   36,303 0 0
PHYSICIANS RLTY TR COM REIT 71943U104 282 14,873 SH   SOLE   14,873 0 0
GENERAL ELECTRIC CO COM Stock 369604103 734 65,770 SH   SOLE   65,770 0 0
NOBLE CORP PLC SHS USD Stock G65431101 232 190,475 SH   SOLE   190,475 0 0
SCORPIO BULKERS INC COM Stock Y7546A122 186 29,270 SH   SOLE   29,270 0 0
WELLS FARGO CO NEW COM Stock 949746101 1,254 23,314 SH   SOLE   23,314 0 0
CONCHO RES INC COM Stock 20605P101 1,263 14,425 SH   SOLE   14,425 0 0
UNION PACIFIC CORP COM Stock 907818108 267 1,475 SH   SOLE   1,475 0 0
JPMORGAN CHASE & CO COM Stock 46625H100 1,566 11,235 SH   SOLE   11,235 0 0
CHEVRON CORP NEW COM Stock 166764100 2,160 17,922 SH   SOLE   17,922 0 0
CINCINNATI FINL CORP COM Stock 172062101 342 3,250 SH   SOLE   3,250 0 0
DANAHER CORPORATION COM Stock 235851102 222 1,447 SH   SOLE   1,447 0 0
BANK AMER CORP COM Stock 060505104 409 11,600 SH   SOLE   11,600 0 0
INTERNATIONAL BUSINESS MACHS COM Stock 459200101 2,106 15,712 SH   SOLE   15,712 0 0
PFIZER INC COM Stock 717081103 1,778 45,392 SH   SOLE   45,392 0 0
3M CO COM Stock 88579Y101 280 1,589 SH   SOLE   1,589 0 0
GILEAD SCIENCES INC COM Stock 375558103 1,299 19,994 SH   SOLE   19,994 0 0
CATERPILLAR INC DEL COM Stock 149123101 443 3,000 SH   SOLE   3,000 0 0
ALPHABET INC CAP STK CL C Stock 02079K107 1,174 878 SH   SOLE   878 0 0
AMERICAN EXPRESS CO COM Stock 025816109 809 6,498 SH   SOLE   6,498 0 0
ZIONS BANCORPORATION N A COM Stock 989701107 483 9,300 SH   SOLE   9,300 0 0
PARSLEY ENERGY INC CL A Stock 701877102 680 35,939 SH   SOLE   35,939 0 0
EATON CORP PLC SHS Stock G29183103 227 2,400 SH   SOLE   2,400 0 0
FRP HLDGS INC COM Stock 30292L107 538 10,800 SH   SOLE   10,800 0 0
BRISTOL MYERS SQUIBB CO COM Stock 110122108 2,415 37,621 SH   SOLE   37,621 0 0
EXXON MOBIL CORP COM Stock 30231G102 1,181 16,918 SH   SOLE   16,918 0 0
TRAVELERS COMPANIES INC COM Stock 89417E109 356 2,600 SH   SOLE   2,600 0 0
ROYAL DUTCH SHELL PLC SPON ADR B ADR 780259107 209 3,486 SH   SOLE   3,486 0 0
PACWEST BANCORP DEL COM Stock 695263103 514 13,425 SH   SOLE   13,425 0 0
DEERE & CO COM Stock 244199105 783 4,520 SH   SOLE   4,520 0 0
COLGATE PALMOLIVE CO COM Stock 194162103 758 11,010 SH   SOLE   11,010 0 0
TRITON INTL LTD CL A Stock G9078F107 1,467 36,492 SH   SOLE   36,492 0 0
BANK HAWAII CORP COM Stock 062540109 340 3,577 SH   SOLE   3,577 0 0
WESTROCK CO COM Stock 96145D105 1,921 44,765 SH   SOLE   44,765 0 0
CAPSTEAD MTG CORP COM NO PAR REIT 14067E506 94 11,925 SH   SOLE   11,925 0 0
BANNER CORP COM NEW Stock 06652V208 699 12,358 SH   SOLE   12,358 0 0
APPLE INC COM Stock 037833100 1,071 3,648 SH   SOLE   3,648 0 0
UNITED CMNTY BKS BLAIRSVLE GA COM Stock 90984P303 434 14,050 SH   SOLE   14,050 0 0
ABBOTT LABS COM Stock 002824100 689 7,932 SH   SOLE   7,932 0 0
DISNEY WALT CO COM DISNEY Stock 254687106 1,303 9,007 SH   SOLE   9,007 0 0