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
South State Corp COM 840441109 7,607 124,708 SH   SOLE   122,262 0 3,296
ABBOTT LABS COM 002824100 853 20,858 SH   SOLE   15,343 0 0
ABBVIE INC COM 00287Y109 902 15,984 SH   SOLE   12,357 0 0
AGREE REALTY CORP COM 008492100 394 13,030 SH   SOLE   13,030 0 0
ALLETE INC COM NEW 018522300 3,096 60,298 SH   SOLE   59,314 0 0
ALLIANT ENERGY CORP COM 018802108 2,218 36,443 SH   SOLE   35,328 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 3,301 106,126 SH   SOLE   102,879 0 0
AMDOCS LTD SHS G02602103 2,199 47,464 SH   SOLE   46,009 0 6,544
AMERICAN AIRLS GROUP INC COM 02376R102 813 18,918 SH   SOLE   13,574 0 5,515
AMERICAN FINL GROUP INC OHIO COM 025932104 4,380 73,540 SH   SOLE   72,158 0 3,627
AMERICAN INTL GROUP INC COM NEW 026874784 1,205 22,079 SH   SOLE   15,848 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 2,171 43,900 SH   SOLE   42,560 0 984
AMERISOURCEBERGEN CORP COM 03073E105 3,569 49,116 SH   SOLE   47,608 0 1,115
AMGEN INC COM 031162100 1,242 10,490 SH   SOLE   7,526 0 3,247
APPLE INC COM 037833100 2,695 28,995 SH   SOLE   21,421 0 1,455
AT&T INC COM 00206R102 819 23,154 SH   SOLE   16,610 0 0
ATHLON ENERGY INC COM 047477104 5,028 105,413 SH   SOLE   103,293 0 5,344
BANK KY FINL CORP COM 062896105 228 6,544 SH   SOLE   6,544 0 6,231
BANK OF AMERICA CORPORATION COM 060505104 1,264 82,236 SH   SOLE   64,918 0 1,382
BANNER CORP COM NEW 06652V208 6,901 174,139 SH   SOLE   170,753 0 1,340
BARNES GROUP INC COM 067806109 3,330 86,392 SH   SOLE   84,674 0 1,508
BASIC ENERGY SVCS INC NEW COM 06985P100 7,163 245,127 SH   SOLE   240,477 0 2,964
BELDEN INC COM 077454106 5,511 70,511 SH   SOLE   69,277 0 7,574
BIOGEN IDEC INC COM 09062X103 815 2,586 SH   SOLE   1,855 0 2,120
BOEING CO COM 097023105 816 6,413 SH   SOLE   4,601 0 17,318
C D I CORP COM 125071100 183 12,727 SH   SOLE   12,727 0 0
C&J ENERGY SVCS INC COM 12467B304 3,861 114,299 SH   SOLE   112,003 0 3,386
CALIFORNIA WTR SVC GROUP COM 130788102 862 35,629 SH   SOLE   35,629 0 1,234
CAPITAL ONE FINL CORP COM 14040H105 1,158 14,017 SH   SOLE   10,860 0 731
CARDINAL HEALTH INC COM 14149Y108 1,091 15,914 SH   SOLE   11,886 0 1,812
CASCADE BANCORP COM NEW 147154207 200 38,302 SH   SOLE   38,302 0 0
CATERPILLAR INC DEL COM 149123101 698 6,424 SH   SOLE   5,368 0 2,296
CBS CORP NEW CL B 124857202 771 12,405 SH   SOLE   9,331 0 1,718
CHESAPEAKE LODGING TR SH BEN INT 165240102 5,724 189,345 SH   SOLE   185,758 0 3,074
CHEVRON CORP NEW COM 166764100 2,147 16,448 SH   SOLE   13,485 0 5,166
CHIQUITA BRANDS INTL INC COM 170032809 126 11,646 SH   SOLE   11,646 0 0
CISCO SYS INC COM 17275R102 1,090 43,851 SH   SOLE   33,924 0 3,157
CITIGROUP INC COM NEW 172967424 1,739 36,923 SH   SOLE   28,391 0 4,028
CLECO CORP NEW COM 12561W105 641 10,867 SH   SOLE   10,867 0 0
CNO FINL GROUP INC COM 12621E103 4,899 275,244 SH   SOLE   269,714 0 1,056
COBIZ FINANCIAL INC COM 190897108 295 27,355 SH   SOLE   27,355 0 3,587
COLUMBIA BKG SYS INC COM 197236102 6,793 258,174 SH   SOLE   253,225 0 2,963
COMCAST CORP NEW CL A 20030N101 1,244 23,181 SH   SOLE   16,638 0 0
CONSTELLATION BRANDS INC CL A 21036P108 3,208 36,397 SH   SOLE   35,284 0 9,927
CORVEL CORP COM 221006109 2,749 60,851 SH   SOLE   60,161 0 8,532
CVS CAREMARK CORPORATION COM 126650100 1,591 21,105 SH   SOLE   15,939 0 4,650
DANAHER CORP DEL COM 235851102 1,115 14,160 SH   SOLE   10,556 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,138 29,398 SH   SOLE   23,201 0 5,530
E M C CORP MASS COM 268648102 498 18,889 SH   SOLE   14,479 0 0
EMERALD OIL INC COM NEW 29101U209 2,387 312,054 SH   SOLE   307,042 0 4,949
ENERSYS COM 29275Y102 3,402 49,462 SH   SOLE   48,479 0 6,543
EOG RES INC COM 26875P101 949 8,124 SH   SOLE   6,147 0 1,113
EPR PPTYS COM SH BEN INT 26884U109 2,190 39,190 SH   SOLE   38,603 0 690
EXPRESS SCRIPTS HLDG CO COM 30219G108 1,168 16,849 SH   SOLE   12,691 0 3,604
EXXON MOBIL CORP COM 30231G102 3,225 32,031 SH   SOLE   25,384 0 6,197
FEDERAL SIGNAL CORP COM 313855108 272 18,590 SH   SOLE   18,590 0 4,410
FLUOR CORP NEW COM 343412102 950 12,348 SH   SOLE   9,490 0 5,012
FOOT LOCKER INC COM 344849104 3,868 76,254 SH   SOLE   73,918 0 983
G & K SVCS INC CL A 361268105 242 4,655 SH   SOLE   4,655 0 1,977
GENERAL ELECTRIC CO COM 369604103 2,021 76,893 SH   SOLE   59,727 0 587
GERMAN AMERN BANCORP INC COM 373865104 278 10,284 SH   SOLE   10,284 0 4,158
GLACIER BANCORP INC NEW COM 37637Q105 4,932 173,790 SH   SOLE   170,903 0 6,647
GOLDMAN SACHS GROUP INC COM 38141G104 960 5,733 SH   SOLE   4,460 0 0
GOOGLE INC CL A 38259P508 564 964 SH   SOLE   753 0 2,858
GRACO INC COM 384109104 4,223 54,082 SH   SOLE   52,453 0 2,336
GRAMERCY PPTY TR INC COM 38489R100 1,224 202,250 SH   SOLE   202,250 0 0
GREENBRIER COS INC COM 393657101 4,679 81,236 SH   SOLE   79,848 0 17,166
HANGER INC COM NEW 41043F208 1,101 35,003 SH   SOLE   35,003 0 0
HARLEY DAVIDSON INC COM 412822108 1,202 17,203 SH   SOLE   13,181 0 2,887
HAWAIIAN HOLDINGS INC COM 419879101 4,488 327,320 SH   SOLE   321,079 0 1,273
HCC INS HLDGS INC COM 404132102 2,103 42,974 SH   SOLE   41,657 0 211
HEALTHCARE SVCS GRP INC COM 421906108 242 8,235 SH   SOLE   8,235 0 1,629
HELMERICH & PAYNE INC COM 423452101 3,136 27,006 SH   SOLE   26,178 0 0
HENRY JACK & ASSOC INC COM 426281101 3,429 57,697 SH   SOLE   55,923 0 1,388
HEWLETT PACKARD CO COM 428236103 1,072 31,821 SH   SOLE   25,182 0 0
HOLLYFRONTIER CORP COM 436106108 1,374 31,452 SH   SOLE   30,489 0 4,022
HOME BANCSHARES INC COM 436893200 5,378 163,863 SH   SOLE   160,616 0 6,241
HUNTINGTON BANCSHARES INC COM 446150104 169 17,701 SH   SOLE   17,701 0 1,317
HUNTINGTON INGALLS INDS INC COM 446413106 4,246 44,887 SH   SOLE   43,512 0 0
HURON CONSULTING GROUP INC COM 447462102 3,912 55,239 SH   SOLE   54,132 0 828
INDEPENDENCE HLDG CO NEW COM NEW 453440307 248 17,583 SH   SOLE   17,583 0 1,774
INTEL CORP COM 458140100 1,260 40,771 SH   SOLE   32,221 0 6,639
INVENTURE FOODS INC COM 461212102 1,060 94,018 SH   SOLE   92,276 0 963
JARDEN CORP COM 471109108 3,824 64,433 SH   SOLE   62,460 0 0
JOHNSON & JOHNSON COM 478160104 2,035 19,452 SH   SOLE   13,867 0 1,375
JPMORGAN CHASE & CO COM 46625H100 2,303 39,961 SH   SOLE   30,653 0 3,247
KADANT INC COM 48282T104 1,520 39,522 SH   SOLE   39,522 0 1,107
KAPSTONE PAPER & PACKAGING C COM 48562P103 3,880 117,129 SH   SOLE   114,776 0 0
KILROY RLTY CORP COM 49427F108 4,937 79,279 SH   SOLE   77,730 0 8,550
LIBBEY INC COM 529898108 2,185 82,016 SH   SOLE   80,622 0 1,742
LIFEPOINT HOSPITALS INC COM 53219L109 6,112 98,423 SH   SOLE   96,352 0 9,308
LITHIA MTRS INC CL A 536797103 5,372 57,106 SH   SOLE   56,127 0 1,973
LIVE NATION ENTERTAINMENT IN COM 538034109 3,141 127,199 SH   SOLE   124,646 0 5,585
LOWES COS INC COM 548661107 649 13,515 SH   SOLE   11,058 0 0
MACYS INC COM 55616P104 939 16,178 SH   SOLE   12,345 0 2,353
MAINSOURCE FINANCIAL GP INC COM 56062Y102 281 16,308 SH   SOLE   16,308 0 1,549
MARKEL CORP COM 570535104 1,087 1,658 SH   SOLE   1,608 0 1,394
MASTEC INC COM 576323109 617 20,008 SH   SOLE   19,606 0 2,071
MASTERCARD INC CL A 57636Q104 1,395 18,983 SH   SOLE   14,362 0 979
MATERION CORP COM 576690101 396 10,693 SH   SOLE   10,693 0 2,553
MATRIX SVC CO COM 576853105 524 15,981 SH   SOLE   15,981 0 2,457
MEDNAX INC COM 58502B106 3,252 55,930 SH   SOLE   54,122 0 3,833
MENTOR GRAPHICS CORP COM 587200106 4,568 211,783 SH   SOLE   207,969 0 0
MERCHANTS BANCSHARES COM 588448100 334 10,455 SH   SOLE   10,455 0 50
METLIFE INC COM 59156R108 983 17,697 SH   SOLE   13,271 0 402
MICROSOFT CORP COM 594918104 1,062 25,467 SH   SOLE   19,721 0 4,621
MINERALS TECHNOLOGIES INC COM 603158106 7,460 113,758 SH   SOLE   111,574 0 0
MKS INSTRUMENT INC COM 55306N104 3,919 125,438 SH   SOLE   123,280 0 0
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 3,004 256,341 SH   SOLE   249,963 0 1,808
MORGAN STANLEY COM NEW 617446448 788 24,371 SH   SOLE   18,093 0 3,814
MULTI COLOR CORP COM 625383104 419 10,483 SH   SOLE   10,483 0 0
MYLAN INC COM 628530107 301 5,843 SH   SOLE   5,843 0 4,426
NASDAQ OMX GROUP INC COM 631103108 201 5,199 SH   SOLE   5,199 0 5,746
NATIONAL RETAIL PPTYS INC COM 637417106 3,847 103,451 SH   SOLE   101,094 0 2,184
NEWMARKET CORP COM 651587107 6,562 16,736 SH   SOLE   16,433 0 2,158
NOBLE ENERGY INC COM 655044105 1,385 17,876 SH   SOLE   13,260 0 6,378
OASIS PETE INC NEW COM 674215108 1,913 34,227 SH   SOLE   34,227 0 6,278
ONE LIBERTY PPTYS INC COM 682406103 607 28,424 SH   SOLE   28,424 0 0
ORACLE CORP COM 68389X105 247 6,082 SH   SOLE   6,082 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 179 13,020 SH   SOLE   13,020 0 0
PACWEST BANCORP DEL COM 695263103 4,195 97,165 SH   SOLE   95,213 0 2,357
PARK OHIO HLDGS CORP COM 700666100 2,059 35,438 SH   SOLE   35,438 0 303
PARK STERLING CORP COM 70086Y105 283 42,945 SH   SOLE   42,945 0 4,616
PATRICK INDS INC COM 703343103 1,569 33,673 SH   SOLE   33,673 0 0
PDF SOLUTIONS INC COM 693282105 3,660 172,468 SH   SOLE   170,144 0 0
PEPSICO INC COM 713448108 1,740 19,481 SH   SOLE   13,957 0 0
PFIZER INC COM 717081103 2,190 73,771 SH   SOLE   58,304 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 4,949 125,360 SH   SOLE   123,525 0 1,952
PLATFORM SPECIALTY PRODS COR COM 72766Q105 5,873 209,533 SH   SOLE   205,304 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,413 15,867 SH   SOLE   11,859 0 0
PNM RES INC COM 69349H107 1,950 66,480 SH   SOLE   65,340 0 0
POWELL INDS INC COM 739128106 2,387 36,510 SH   SOLE   36,012 0 2,324
PRECISION CASTPARTS CORP COM 740189105 451 1,785 SH   SOLE   1,785 0 5,524
PREMIERE GLOBAL SVCS INC COM 740585104 2,233 167,258 SH   SOLE   164,575 0 15,467
PRIMERICA INC COM 74164M108 5,005 104,602 SH   SOLE   102,500 0 1,835
PROCTER & GAMBLE CO COM 742718109 2,307 29,356 SH   SOLE   22,663 0 4,229
PRUDENTIAL FINL INC COM 744320102 679 7,650 SH   SOLE   6,259 0 4,008
QUALCOMM INC COM 747525103 751 9,485 SH   SOLE   7,125 0 1,140
RAYMOND JAMES FINANCIAL INC COM 754730109 2,955 58,256 SH   SOLE   56,472 0 498
RED ROBIN GOURMET BURGERS IN COM 75689M101 269 3,784 SH   SOLE   3,784 0 0
RENASANT CORP COM 75970E107 2,428 83,530 SH   SOLE   83,530 0 2,683
RLJ LODGING TR COM 74965L101 3,620 125,293 SH   SOLE   122,791 0 2,102
SAFETY INS GROUP INC COM 78648T100 332 6,462 SH   SOLE   6,462 0 6,693
SCHLUMBERGER LTD COM 806857108 1,378 11,683 SH   SOLE   8,387 0 1,391
SENSIENT TECHNOLOGIES CORP COM 81725T100 4,861 87,244 SH   SOLE   85,485 0 2,360
SILGAN HOLDINGS INC COM 827048109 1,142 22,462 SH   SOLE   22,462 0 1,784
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 356 9,032 SH   SOLE   9,032 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,177 7,081 SH   SOLE   5,346 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 4,460 94,966 SH   SOLE   92,056 0 2,502
SONIC CORP COM 835451105 5,009 226,878 SH   SOLE   222,314 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 1,267 74,253 SH   SOLE   74,253 0 1,759
SPARTON CORP COM 847235108 403 14,542 SH   SOLE   14,542 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,850 14,564 SH   SOLE   9,222 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 4,864 428,199 SH   SOLE   418,559 0 1,735
STAG INDL INC COM 85254J102 6,557 273,104 SH   SOLE   267,623 0 2,910
STANDEX INTL CORP COM 854231107 3,797 50,974 SH   SOLE   50,282 0 4,564
STATE BK FINL CORP COM 856190103 334 19,733 SH   SOLE   19,733 0 2,446
STATE STR CORP COM 857477103 768 11,419 SH   SOLE   9,677 0 0
SYNERGETICS USA INC COM 87160G107 213 68,605 SH   SOLE   68,605 0 0
SYNERGY RES CORP COM 87164P103 3,440 259,610 SH   SOLE   255,608 0 5,342
TARGET CORP COM 87612E106 717 12,381 SH   SOLE   9,517 0 9,640
TELEFLEX INC COM 879369106 4,340 41,100 SH   SOLE   40,354 0 5,481
TIME WARNER INC COM NEW 887317303 1,125 16,012 SH   SOLE   11,938 0 692
TUTOR PERINI CORP COM 901109108 3,425 107,921 SH   SOLE   105,747 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 964 27,438 SH   SOLE   20,508 0 1,742
UIL HLDG CORP COM 902748102 1,288 33,267 SH   SOLE   33,267 0 0
UNIFIRST CORP MASS COM 904708104 1,146 10,807 SH   SOLE   10,807 0 4,002
UNION BANKSHARES CORP NEW COM 90539J109 1,927 75,109 SH   SOLE   75,109 0 2,864
UNITED PARCEL SERVICE INC CL B 911312106 829 8,071 SH   SOLE   5,791 0 746
UNITEDHEALTH GROUP INC COM 91324P102 1,463 17,891 SH   SOLE   13,484 0 4,074
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 381 8,753 SH   SOLE   8,753 0 2,174
VASCULAR SOLUTIONS INC COM 92231M109 230 10,364 SH   SOLE   10,364 0 6,930
VERIZON COMMUNICATIONS INC COM 92343V104 814 16,640 SH   SOLE   11,939 0 0
VIACOM INC NEW CL B 92553P201 808 9,322 SH   SOLE   6,685 0 0
VOYA FINL INC COM 929089100 414 11,392 SH   SOLE   8,174 0 0
WABTEC CORP COM 929740108 10,156 122,970 SH   SOLE   120,755 0 2,280
WALGREEN CO COM 931422109 1,665 22,462 SH   SOLE   15,920 0 4,407
WELLS FARGO & CO NEW COM 949746101 2,177 41,428 SH   SOLE   31,632 0 0
WESTAR ENERGY INC COM 95709T100 2,355 61,673 SH   SOLE   59,783 0 0
WESTERN ALLIANCE BANCORP COM 957638109 7,209 302,905 SH   SOLE   297,071 0 4,701
WHITING PETE CORP NEW COM 966387102 3,514 43,789 SH   SOLE   42,448 0 2,637
WINTRUST FINL CORP COM 97650W108 1,773 38,547 SH   SOLE   38,547 0 3,218
XERIUM TECHNOLOGIES INC COM NEW 98416J118 283 20,281 SH   SOLE   20,281 0 2,215