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
ABBOTT LABS COM 002824100 541 16,311 SH   SOLE   10,796 0 5,515
AGILENT TECHNOLOGIES INC COM 00846U101 220 4,283 SH   SOLE   4,283 0 0
AGREE REALTY CORP COM 008492100 421 13,937 SH   SOLE   13,937 0 0
ALLETE INC COM NEW 018522300 1,726 35,733 SH   SOLE   35,230 0 503
AMERICAN FINL GROUP INC OHIO COM 025932104 5,756 106,470 SH   SOLE   104,329 0 2,141
AMERICAN INTL GROUP INC COM NEW 026874784 1,082 22,254 SH   SOLE   15,123 0 7,131
AMERICAN WTR WKS CO INC NEW COM 030420103 1,672 40,498 SH   SOLE   39,223 0 1,275
AMERISOURCEBERGEN CORP COM 03073E105 2,766 45,262 SH   SOLE   43,827 0 1,435
ANADARKO PETE CORP COM 032511107 996 10,711 SH   SOLE   7,489 0 3,222
APPLE INC COM 037833100 1,391 2,917 SH   SOLE   1,952 0 965
ASBURY AUTOMOTIVE GROUP INC COM 043436104 1,652 31,053 SH   SOLE   30,238 0 815
ASCENT CAP GROUP INC COM SER A 043632108 4,880 60,536 SH   SOLE   59,834 0 702
AT&T INC COM 00206R102 976 28,846 SH   SOLE   20,051 0 8,795
BANK OF AMERICA CORPORATION COM 060505104 736 53,352 SH   SOLE   36,034 0 17,318
BANNER CORP COM NEW 06652V208 7,779 203,859 SH   SOLE   200,637 0 3,222
BARNES GROUP INC COM 067806109 2,875 82,327 SH   SOLE   80,692 0 1,635
BASIC ENERGY SVCS INC NEW COM 06985P100 156 12,304 SH   SOLE   12,304 0 0
BELDEN INC COM 077454106 5,612 87,623 SH   SOLE   86,023 0 1,600
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,228 10,822 SH   SOLE   7,016 0 3,806
BLACKROCK INC COM 09247X101 616 2,276 SH   SOLE   1,576 0 700
BLUCORA INC COM 095229100 7,386 321,408 SH   SOLE   315,185 0 6,223
BOEING CO COM 097023105 909 7,734 SH   SOLE   4,884 0 2,850
BRISTOL MYERS SQUIBB CO COM 110122108 705 15,230 SH   SOLE   11,651 0 3,579
C & F FINL CORP COM 12466Q104 244 5,043 SH   SOLE   5,043 0 0
C D I CORP COM 125071100 208 13,614 SH   SOLE   13,614 0 0
CAPITAL ONE FINL CORP COM 14040H105 538 7,826 SH   SOLE   4,938 0 2,888
CARDINAL HEALTH INC COM 14149Y108 1,160 22,236 SH   SOLE   14,650 0 7,586
CATERPILLAR INC DEL COM 149123101 273 3,269 SH   SOLE   2,063 0 1,206
CHESAPEAKE LODGING TR SH BEN INT 165240102 4,453 189,158 SH   SOLE   185,745 0 3,413
CHEVRON CORP NEW COM 166764100 1,400 11,525 SH   SOLE   7,520 0 4,005
CHILDRENS PL RETAIL STORES I COM 168905107 4,924 85,114 SH   SOLE   83,397 0 1,717
CIRRUS LOGIC INC COM 172755100 1,918 84,630 SH   SOLE   84,630 0 0
CISCO SYS INC COM 17275R102 1,388 59,227 SH   SOLE   43,955 0 15,272
CITIGROUP INC COM NEW 172967424 1,199 24,710 SH   SOLE   16,512 0 8,198
COLUMBIA BKG SYS INC COM 197236102 6,762 273,785 SH   SOLE   269,149 0 4,636
COMCAST CORP NEW CL A 20030N101 967 21,424 SH   SOLE   13,530 0 7,894
CONOCOPHILLIPS COM 20825C104 590 8,483 SH   SOLE   6,179 0 2,304
CONSTELLATION BRANDS INC CL A 21036P108 1,926 33,549 SH   SOLE   32,490 0 1,059
CUMMINS INC COM 231021106 499 3,754 SH   SOLE   2,554 0 1,200
CVS CAREMARK CORPORATION COM 126650100 1,264 22,276 SH   SOLE   15,872 0 6,404
DANA HLDG CORP COM 235825205 2,747 120,267 SH   SOLE   116,458 0 3,809
DELTA AIR LINES INC DEL COM NEW 247361702 751 31,849 SH   SOLE   23,848 0 8,001
DIGITAL RLTY TR INC COM 253868103 478 9,004 SH   SOLE   6,153 0 2,851
DIRECTV COM 25490A309 582 9,737 SH   SOLE   7,079 0 2,658
DISNEY WALT CO COM DISNEY 254687106 620 9,620 SH   SOLE   6,468 0 3,152
E M C CORP MASS COM 268648102 568 22,231 SH   SOLE   16,229 0 6,002
EMCOR GROUP INC COM 29084Q100 2,820 72,075 SH   SOLE   70,644 0 1,431
EMPLOYERS HOLDINGS INC COM 292218104 5,673 190,749 SH   SOLE   187,669 0 3,080
ENERSYS COM 29275Y102 2,858 47,132 SH   SOLE   46,196 0 936
EURONET WORLDWIDE INC COM 298736109 5,512 138,220 SH   SOLE   135,445 0 2,775
EXPRESS SCRIPTS HLDG CO COM 30219G108 512 8,290 SH   SOLE   5,234 0 3,056
EXXON MOBIL CORP COM 30231G102 2,309 26,836 SH   SOLE   18,447 0 8,389
FIRST FINL HLDGS INC NEW COM 32023E105 3,372 61,133 SH   SOLE   60,104 0 1,029
FIRST MERCHANTS CORP COM 320817109 193 11,138 SH   SOLE   11,138 0 0
FLUOR CORP NEW COM 343412102 806 11,358 SH   SOLE   8,361 0 2,997
FORD MTR CO DEL COM PAR $0.01 345370860 568 33,696 SH   SOLE   24,496 0 9,200
FREEPORT-MCMORAN COPPER & GO COM 35671D857 497 15,012 SH   SOLE   12,892 0 2,120
FURMANITE CORPORATION COM 361086101 1,690 170,752 SH   SOLE   167,885 0 2,867
G & K SVCS INC CL A 361268105 486 8,049 SH   SOLE   8,049 0 0
GALLAGHER ARTHUR J & CO COM 363576109 2,606 59,707 SH   SOLE   57,816 0 1,891
GENERAL ELECTRIC CO COM 369604103 1,569 65,695 SH   SOLE   49,348 0 16,347
GENERAL MTRS CO COM 37045V100 480 13,333 SH   SOLE   9,083 0 4,250
GOLDMAN SACHS GROUP INC COM 38141G104 470 2,971 SH   SOLE   1,999 0 972
GOOGLE INC CL A 38259P508 680 776 SH   SOLE   565 0 211
GP STRATEGIES CORP COM 36225V104 418 15,957 SH   SOLE   15,957 0 0
GRACO INC COM 384109104 3,696 49,907 SH   SOLE   48,357 0 1,550
GREENBRIER COS INC COM 393657101 4,468 180,667 SH   SOLE   177,328 0 3,339
GROUP 1 AUTOMOTIVE INC COM 398905109 2,841 36,577 SH   SOLE   36,039 0 538
HCC INS HLDGS INC COM 404132102 2,519 57,495 SH   SOLE   55,670 0 1,825
HEALTHCARE SVCS GRP INC COM 421906108 227 8,808 SH   SOLE   8,808 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,890 67,834 SH   SOLE   67,834 0 0
HEARTLAND PMT SYS INC COM 42235N108 3,521 88,637 SH   SOLE   86,854 0 1,783
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 3,389 133,588 SH   SOLE   130,910 0 2,678
HENRY JACK & ASSOC INC COM 426281101 2,747 53,175 SH   SOLE   51,487 0 1,688
HERCULES OFFSHORE INC COM 427093109 2,754 374,082 SH   SOLE   368,660 0 5,422
HEWLETT PACKARD CO COM 428236103 436 20,766 SH   SOLE   14,127 0 6,639
HOME BANCSHARES INC COM 436893200 1,920 63,209 SH   SOLE   61,955 0 1,254
HORACE MANN EDUCATORS CORP N COM 440327104 4,859 171,228 SH   SOLE   168,081 0 3,147
HUNTINGTON BANCSHARES INC COM 446150104 146 17,701 SH   SOLE   17,701 0 0
INDEPENDENCE HLDG CO NEW COM NEW 453440307 269 18,809 SH   SOLE   18,809 0 0
INTEL CORP COM 458140100 761 33,214 SH   SOLE   24,664 0 8,550
INVENTURE FOODS INC COM 461212102 1,343 127,942 SH   SOLE   126,284 0 1,658
ISHARES RUS 2000 VAL ETF 464287630 1,750 19,092 SH   SOLE   19,092 0 0
J2 GLOBAL INC COM 48123V102 6,242 126,046 SH   SOLE   123,518 0 2,528
JOHNSON & JOHNSON COM 478160104 1,347 15,536 SH   SOLE   9,951 0 5,585
JOHNSON CTLS INC COM 478366107 839 20,219 SH   SOLE   13,495 0 6,724
JPMORGAN CHASE & CO COM 46625H100 1,486 28,750 SH   SOLE   19,442 0 9,308
KAPSTONE PAPER & PACKAGING C COM 48562P103 3,415 79,791 SH   SOLE   78,197 0 1,594
KILROY RLTY CORP COM 49427F108 3,778 75,636 SH   SOLE   74,162 0 1,474
LIBBEY INC COM 529898108 3,383 142,245 SH   SOLE   140,240 0 2,005
LIVE NATION ENTERTAINMENT IN COM 538034109 2,248 121,209 SH   SOLE   118,780 0 2,429
MACYS INC COM 55616P104 636 14,706 SH   SOLE   10,589 0 4,117
MASTEC INC COM 576323109 3,628 119,721 SH   SOLE   117,318 0 2,403
MATRIX SVC CO COM 576853105 335 17,094 SH   SOLE   17,094 0 0
MEDNAX INC COM 58502B106 2,583 25,730 SH   SOLE   24,870 0 860
MENTOR GRAPHICS CORP COM 587200106 4,744 202,974 SH   SOLE   199,345 0 3,629
MERCHANTS BANCSHARES COM 588448100 324 11,183 SH   SOLE   11,183 0 0
MERCK & CO INC NEW COM 58933Y105 1,087 22,826 SH   SOLE   16,843 0 5,983
METLIFE INC COM 59156R108 740 15,753 SH   SOLE   10,682 0 5,071
MINERALS TECHNOLOGIES INC COM 603158106 2,168 43,918 SH   SOLE   43,047 0 871
MKS INSTRUMENT INC COM 55306N104 2,347 88,265 SH   SOLE   86,398 0 1,867
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 3,054 260,541 SH   SOLE   253,902 0 6,639
MORGAN STANLEY COM NEW 617446448 519 19,260 SH   SOLE   12,982 0 6,278
MULTI COLOR CORP COM 625383104 381 11,215 SH   SOLE   11,215 0 0
MYLAN INC COM 628530107 223 5,843 SH   SOLE   5,843 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 3,605 113,303 SH   SOLE   106,093 0 7,210
NEWMARKET CORP COM 651587107 4,619 16,043 SH   SOLE   15,754 0 289
NORTHWEST PIPE CO COM 667746101 947 28,809 SH   SOLE   28,445 0 364
OASIS PETE INC NEW COM 674215108 8,571 174,450 SH   SOLE   170,948 0 3,502
OCCIDENTAL PETE CORP DEL COM 674599105 620 6,631 SH   SOLE   4,432 0 2,199
OMNICELL INC COM 68213N109 5,557 234,654 SH   SOLE   230,988 0 3,666
ONE LIBERTY PPTYS INC COM 682406103 617 30,400 SH   SOLE   30,400 0 0
ORACLE CORP COM 68389X105 965 29,093 SH   SOLE   21,560 0 7,533
PARK STERLING CORP COM 70086Y105 294 45,930 SH   SOLE   45,930 0 0
PATRICK INDS INC COM 703343103 457 15,222 SH   SOLE   15,222 0 0
PFIZER INC COM 717081103 1,602 55,770 SH   SOLE   40,303 0 15,467
PIER 1 IMPORTS INC COM 720279108 2,359 120,854 SH   SOLE   118,445 0 2,409
PINNACLE FINL PARTNERS INC COM 72346Q104 3,620 121,446 SH   SOLE   119,700 0 1,746
PLANTRONICS INC NEW COM 727493108 2,588 56,197 SH   SOLE   55,061 0 1,136
PNC FINL SVCS GROUP INC COM 693475105 907 12,517 SH   SOLE   8,509 0 4,008
PREMIERE GLOBAL SVCS INC COM 740585104 2,019 202,669 SH   SOLE   199,073 0 3,596
PRIMORIS SVCS CORP COM 74164F103 448 17,595 SH   SOLE   17,595 0 0
PROCTER & GAMBLE CO COM 742718109 1,372 18,156 SH   SOLE   13,120 0 5,036
PROVIDENCE SVC CORP COM 743815102 417 14,524 SH   SOLE   14,524 0 0
QUALCOMM INC COM 747525103 498 7,400 SH   SOLE   5,040 0 2,360
RAYONIER INC COM 754907103 3,777 67,877 SH   SOLE   66,531 0 1,346
REALTY INCOME CORP COM 756109104 564 14,197 SH   SOLE   10,364 0 3,833
RED ROBIN GOURMET BURGERS IN COM 75689M101 423 5,955 SH   SOLE   5,955 0 0
RENASANT CORP COM 75970E107 617 22,722 SH   SOLE   22,722 0 0
RENT A CTR INC NEW COM 76009N100 978 25,664 SH   SOLE   25,664 0 0
RLJ LODGING TR COM 74965L101 2,805 119,395 SH   SOLE   117,014 0 2,381
SAFETY INS GROUP INC COM 78648T100 366 6,911 SH   SOLE   6,911 0 0
SANCHEZ ENERGY CORP COM 79970Y105 361 13,685 SH   SOLE   13,685 0 0
SCHLUMBERGER LTD COM 806857108 858 9,714 SH   SOLE   6,532 0 3,182
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 953 25,505 SH   SOLE   24,072 0 1,433
SENSIENT TECHNOLOGIES CORP COM 81725T100 2,987 62,377 SH   SOLE   61,130 0 1,247
SHUTTERFLY INC COM 82568P304 3,423 61,249 SH   SOLE   60,241 0 1,008
SILGAN HOLDINGS INC COM 827048109 1,422 30,250 SH   SOLE   30,250 0 0
SIMON PPTY GROUP INC NEW COM 828806109 580 3,915 SH   SOLE   2,858 0 1,057
SKYWORKS SOLUTIONS INC COM 83088M102 2,889 116,288 SH   SOLE   112,604 0 3,684
SM ENERGY CO COM 78454L100 2,966 38,419 SH   SOLE   37,206 0 1,213
SMITH & WESSON HLDG CORP COM 831756101 3,818 347,417 SH   SOLE   340,436 0 6,981
SONIC CORP COM 835451105 4,707 265,206 SH   SOLE   259,868 0 5,338
SOUTHWEST BANCORP INC OKLA COM 844767103 355 23,975 SH   SOLE   23,975 0 0
SPARTON CORP COM 847235108 555 21,773 SH   SOLE   21,773 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,064 6,334 SH   SOLE   0 0 6,334
SPIRIT RLTY CAP INC NEW COM 84860W102 3,717 404,900 SH   SOLE   395,729 0 9,171
STAG INDL INC COM 85254J102 4,167 207,111 SH   SOLE   202,976 0 4,135
STATE BK FINL CORP COM 856190103 335 21,107 SH   SOLE   21,107 0 0
STATE STR CORP COM 857477103 718 10,927 SH   SOLE   7,949 0 2,978
SUSQUEHANNA BANCSHARES INC P COM 869099101 3,736 298,193 SH   SOLE   292,212 0 5,981
SYNERGETICS USA INC COM 87160G107 334 73,375 SH   SOLE   73,375 0 0
SYNERGY RES CORP COM 87164P103 3,327 341,243 SH   SOLE   337,435 0 3,808
TAUBMAN CTRS INC COM 876664103 498 7,398 SH   SOLE   5,039 0 2,359
TELEFLEX INC COM 879369106 3,430 41,683 SH   SOLE   40,973 0 710
TETRA TECHNOLOGIES INC DEL COM 88162F105 2,765 220,666 SH   SOLE   216,284 0 4,382
THE ADT CORPORATION COM 00101J106 507 12,463 SH   SOLE   8,379 0 4,084
TRIMAS CORP COM NEW 896215209 3,094 82,918 SH   SOLE   81,249 0 1,669
U S SILICA HLDGS INC COM 90346E103 4,937 198,288 SH   SOLE   194,744 0 3,544
UIL HLDG CORP COM 902748102 2,482 66,757 SH   SOLE   65,414 0 1,343
UNIFIRST CORP MASS COM 904708104 3,681 35,250 SH   SOLE   34,542 0 708
UNITEDHEALTH GROUP INC COM 91324P102 938 13,105 SH   SOLE   9,141 0 3,964
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 392 9,362 SH   SOLE   9,362 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 154 95,791 SH   SOLE   95,791 0 0
VALMONT INDS INC COM 920253101 3,719 26,772 SH   SOLE   24,857 0 1,915
VANGUARD INDEX FDS GROWTH ETF 922908736 2,019 23,859 SH   SOLE   0 0 23,859
VASCULAR SOLUTIONS INC COM 92231M109 186 11,085 SH   SOLE   11,085 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 495 10,610 SH   SOLE   7,228 0 3,382
VIACOM INC NEW CL B 92553P201 1,121 13,418 SH   SOLE   8,528 0 4,890
WABTEC CORP COM 929740108 7,415 117,939 SH   SOLE   115,831 0 2,108
WALGREEN CO COM 931422109 614 11,411 SH   SOLE   7,207 0 4,204
WELLS FARGO & CO NEW COM 949746101 1,065 25,774 SH   SOLE   17,883 0 7,891
WESTAR ENERGY INC COM 95709T100 1,608 52,462 SH   SOLE   50,806 0 1,656
WESTERN ALLIANCE BANCORP COM 957638109 5,877 310,458 SH   SOLE   304,216 0 6,242
WEYERHAEUSER CO COM 962166104 602 21,043 SH   SOLE   14,423 0 6,620
WINTRUST FINL CORP COM 97650W108 1,601 38,974 SH   SOLE   38,974 0 0
WYNN RESORTS LTD COM 983134107 595 3,766 SH   SOLE   2,366 0 1,400