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
ABERDEEN ASSET MGMT PLC UK ORD COM G00434111 63 10,250 SH   SOLE   0 0 10,250
ACCO BRANDS CORP COM COM 00081T108 709 106,844 SH   SOLE   21,286 0 85,558
ACCO BRANDS CORP COM COM 00081T108 4 649 SH   OTR   0 0 649
AEGON N V NY REGISTRY SH COM 007924103 1,468 198,357 SH   SOLE   18,000 0 180,357
AEGON N V PFD PER 6.875% PREFERRED STOCKS N00927306 1,066 43,958 SH   SOLE   10,674 0 33,284
AEGON N V SUB NT 8%42 PREFERRED STOCKS 007924608 719 26,300 SH   SOLE   6,800 0 19,500
ALAMO GROUP INC COM COM 011311107 3,882 79,372 SH   SOLE   8,600 0 70,772
ALLIANT CORP COM COM 018802108 11,530 232,693 SH   SOLE   61,234 0 171,459
ALLIANT CORP COM COM 018802108 79 1,600 SH   OTR   0 0 1,600
AMERICAN WOODMARK CORP COM COM 030506109 4,577 132,101 SH   SOLE   8,800 0 123,301
AMR CORP DEL COM COM 001765106 46 11,200 SH   SOLE   0 0 11,200
APPLIED INDL TECHNLGIES INC CO COM 03820C105 14,700 285,444 SH   SOLE   27,560 0 257,884
ARGO GROUP INTL HLDGS LTD COM COM G0464B107 8,068 188,078 SH   SOLE   21,903 0 166,175
ASIA FINANCIAL HOLDINGS LTD SH COM G0532X107 4,652 10,866,415 SH   SOLE   1,926,086 0 8,940,329
ASPEN INSURANCE HOLDINGS LTDSH COM G05384105 236 6,500 SH   SOLE   0 0 6,500
ASTRO-MED INC NEW COM COM 04638F108 1,353 123,436 SH   SOLE   59,600 0 63,836
ATMOS ENERGY CORP COM COM 049560105 5,002 117,450 SH   SOLE   32,300 0 85,150
ATMOS ENERGY CORP COM COM 049560105 43 1,000 SH   OTR   0 0 1,000
BANG & OLUFSEN HLG ORD B COM K07774126 3,224 314,504 SH   SOLE   73,782 0 240,722
BCSB BANCORP INC COM COM 055367106 245 10,039 SH   SOLE   6,976 0 3,063
BERKLEY W R CORP COM COM 084423102 1,042 24,322 SH   SOLE   0 0 24,322
BLACKROCK MUNI N Y INTER DURCO MUTUAL FUNDS 09255F109 153 11,300 SH   SOLE   11,300 0 0
BOART LONGYEAR LTD SYDNEY NSSH COM Q1645L104 7 17,250 SH   SOLE   17,250 0 0
BOEING CO COM 097023105 6,004 51,100 SH   SOLE   20,000 0 31,100
BRISTOL MYERS SQUIBB CO COM 110122108 1,123 24,273 SH   SOLE   19,593 0 4,680
BROADWAY FINL CORP DEL COM COM 111444105 63 52,066 SH   SOLE   2,700 0 49,366
BRUNSWICK BANCORP INC COM COM 117030106 143 30,816 SH   SOLE   30,816 0 0
CALLAWAY GOLF CO COM COM 131193104 7,156 1,005,042 SH   SOLE   194,625 0 810,417
CALLAWAY GOLF CO COM COM 131193104 20 2,800 SH   OTR   0 0 2,800
CAPITAL SOUTHWEST CORP COM COM 140501107 4,719 137,956 SH   SOLE   1,200 0 136,756
CASTLE A M & CO COM 148411101 7,748 481,241 SH   SOLE   35,812 0 445,429
CFS BANCORP INC COM COM 12525D102 1,423 128,471 SH   SOLE   63,154 0 65,317
CFS BANCORP INC COM COM 12525D102 33 3,000 SH   OTR   0 0 3,000
CHUBB CORP COM 171232101 1,732 19,400 SH   SOLE   0 0 19,400
CHUBU NIPPON BROADCAST CO LTSH COM J06594105 2,515 428,137 SH   SOLE   36,100 0 392,037
CIMAREX ENERGY CO COM COM 171798101 5,038 52,258 SH   SOLE   6,400 0 45,858
CLIFTON SVGS BANCORP INC COM COM 18712Q103 3,294 265,869 SH   SOLE   68,021 0 197,848
COCA COLA CO COM COM 191216100 1,275 33,666 SH   SOLE   26,600 0 7,066
COLONIAL FINANCIAL SERVICES COM 19566B101 4,259 315,449 SH   SOLE   44,861 0 270,588
CONOCOPHILLIPS COM COM 20825C104 266 3,822 SH   SOLE   3,822 0 0
CONSOLIDATED TOMOKA LD CO COM COM 210226106 1,456 37,834 SH   SOLE   7,550 0 30,284
CORTS TR II PROVIDENT FING TCO PREFERRED STOCKS 22081B200 750 26,326 SH   SOLE   7,167 0 19,159
CURRENCYSHARES EURO TRUST COM 23130C108 924 6,900 SH   SOLE   1,400 0 5,500
DAWSON GEOPHYSICAL CO COM COM 239359102 3,134 96,519 SH   SOLE   13,100 0 83,419
DEVON ENERGY CORP NEW COM COM 25179M103 372 6,437 SH   SOLE   4,200 0 2,237
EKORNES ASA ORD COM R20126109 2,012 118,633 SH   SOLE   60,714 0 57,919
EMC INS GROUP INC COM 268664109 3,429 113,632 SH   SOLE   35,959 0 77,673
EMC INS GROUP INC COM 268664109 45 1,500 SH   OTR   0 0 1,500
ENERGY TRANSFER PRTNRS L P UNI COM 29273R109 3,049 58,558 SH   SOLE   8,868 0 49,690
ENERPLUS CORPORATION COM 292766102 11,349 684,093 SH   SOLE   140,148 0 543,944
ENERPLUS CORPORATION COM 292766102 25 1,500 SH   OTR   0 0 1,500
EVEREST RE GROUP COM G3223R108 15,940 109,619 SH   SOLE   16,969 0 92,650
EXPRESS SCRIPTS HOLDING COMPAN COM 30219G108 1,460 23,631 SH   SOLE   19,724 0 3,907
EXXON MOBIL CORPORATION COM 30231G102 11,349 131,905 SH   SOLE   76,322 0 55,583
FAIRFAX FINL HLDGS LTD CONINGE WARRANT AND RIGH 303901110 0 41,000 SH   SOLE   0 0 41,000
FIBRIA CELULOSE S.A. SP ADR COM 31573A109 5,154 447,420 SH   SOLE   72,868 0 374,552
FOREST CITY ENTERPRISES CLASS COM 345550107 10,303 543,965 SH   SOLE   30,873 0 513,092
FOREST CITY ENTERPRISES CLASS COM 345550305 422 22,300 SH   SOLE   0 0 22,300
FOREST CITY ENTERPRISES INC SR COM 345550404 1,994 78,612 SH   SOLE   13,044 0 65,568
FREQUENCY ELECTRS INC COM COM 358010106 3,859 330,409 SH   SOLE   66,550 0 263,859
FRIEDMAN INDS INC COM 358435105 465 46,545 SH   SOLE   12,600 0 33,945
FUEL SYS SOLUTIONS INC COM COM 35952W103 7,398 376,320 SH   SOLE   41,500 0 334,820
GASFRAC ENERGY SVCS INC COM COM 367257201 2,266 1,495,700 SH   SOLE   218,700 0 1,277,000
GENERAL DYNAMICS CORP COM COM 369550108 700 8,000 SH   SOLE   0 0 8,000
GENERAL ELEC CO COM 369604103 600 25,096 SH   SOLE   0 0 25,096
GETTY RLTY CORP NEW COM COM 374297109 249 12,804 SH   SOLE   0 0 12,804
GIVAUDAN AG GDR COM H3238Q102 375 257 SH   SOLE   0 0 257
GLOBAL TECH ADVANCED INNOVATIO COM G39320117 1,188 189,855 SH   SOLE   51,685 0 138,170
GORMAN RUPP CO COM 383082104 13,333 332,328 SH   SOLE   60,521 0 271,807
GORMAN RUPP CO COM 383082104 137 3,416 SH   OTR   0 0 3,416
HAMPDEN BANCORP INC COM COM 40867E107 347 21,702 SH   SOLE   3,537 0 18,165
HANOVER INS GROUP INC COM COM 410867105 3,633 65,675 SH   SOLE   13,075 0 52,600
HELMERICH & PAYNE INC COM 423452101 10,180 147,645 SH   SOLE   16,600 0 131,045
HESKA CORP COM RESTRC NEW COM 42805E306 1,638 282,448 SH   SOLE   25,001 0 257,447
HESS CORP COM COM 42809H107 624 8,070 SH   SOLE   0 0 8,070
HMN FINL INC COM COM 40424G108 1,465 185,467 SH   SOLE   31,500 0 153,967
HOLMEN AB SHS B COM W4200N112 4,252 132,017 SH   SOLE   26,399 0 105,618
HUGOTON RTY TR TEX UNIT BEN IN COM 444717102 881 118,000 SH   SOLE   0 0 118,000
INGREDION INC COM COM 457187102 4,718 71,300 SH   SOLE   7,400 0 63,900
INVESTORS REAL ESTATE TR SH BE COM 461730103 3,653 442,815 SH   SOLE   128,248 0 314,567
JOHNSON & JOHNSON COM COM 478160104 4,833 55,754 SH   SOLE   0 0 55,754
JONES GROUP INC COM COM 48020T101 12,032 801,567 SH   SOLE   106,300 0 695,267
KEWEENAW LD ASSN LTD COM COM 493026108 396 4,403 SH   SOLE   473 0 3,930
KID BRANDS, INC. COM COM 49375T100 1,727 1,174,656 SH   SOLE   131,667 0 1,042,989
KIMBALL INTL INC CL B COM 494274103 3,343 301,412 SH   SOLE   62,230 0 239,182
KIMCO RLTY CORP COM COM 49446R109 3,992 197,802 SH   SOLE   20,100 0 177,702
LECHTERS INC 20010927 CONVERTIBLE BOND U52323AA7 0 385,000 PRN   SOLE   35,000 0 350,000
LUBYS CAFETERIAS INC COM COM 549282101 1,321 183,959 SH   SOLE   39,775 0 144,184
LYDALL INC COM COM 550819106 8,647 503,622 SH   SOLE   36,000 0 467,622
MAGAL SECURITY SYS LTD ORD COM M6786D104 3,755 1,081,758 SH   SOLE   166,926 0 914,832
MANULIFE FINL CORP COM COM 56501R106 4,408 266,200 SH   SOLE   49,450 0 216,750
MARKEL CORP COM COM 570535104 6,517 12,586 SH   SOLE   1,246 0 11,340
MCLEODUSA INC CL A COM 582266706 0 41,990 SH   SOLE   41,757 0 233
MEADWESTVACO CORPORATION COM 583334107 9,933 258,806 SH   SOLE   49,276 0 209,530
MEADWESTVACO CORPORATION COM 583334107 76 1,970 SH   OTR   0 0 1,970
MERCK & COMPANY COM 58933Y105 4,596 96,534 SH   SOLE   74,800 0 21,734
METLIFE INC COM COM 59156R108 939 20,000 SH   SOLE   0 0 20,000
MFS GOVT MKTS INCOME TR SH BEN MUTUAL FUNDS 552939100 1,616 285,064 SH   SOLE   38,530 0 246,534
MFS INTERMARKET INCOME TR I SH COM 59318R103 1,439 179,851 SH   SOLE   41,501 0 138,350
MICROSOFT CORP COM COM 594918104 385 11,575 SH   SOLE   0 0 11,575
MS&AD INS GP HLDG (8725-JP) COM J4687C105 2,403 92,124 SH   SOLE   61,439 0 30,685
MUELLER PAUL CO COM 624752101 246 8,634 SH   SOLE   1,000 0 7,634
MURPHY OIL CORP COM COM 626717102 3,939 65,300 SH   SOLE   14,600 0 50,700
MURPHY OIL CORP COM COM 626717102 36 600 SH   OTR   0 0 600
MURPHY USA INC COM COM 626755102 408 10,099 SH   SOLE   2,250 0 7,849
MURPHY USA INC COM COM 626755102 6 150 SH   OTR   0 0 150
NAUGATUCK VY FINL CORP COM 63906P107 2,825 369,318 SH   SOLE   107,651 0 261,667
NEW YORK & CO INC COM COM 649295102 1,802 311,731 SH   SOLE   59,000 0 252,731
NKSJ HOLDINGS INC SHS ISIN #JP COM J58699109 218 8,479 SH   SOLE   8,479 0 0
NORTH VALLEY BANCORP COM NEW COM 66304M204 249 13,180 SH   SOLE   1,200 0 11,980
NUCOR CORP COM 670346105 13,566 276,737 SH   SOLE   43,535 0 233,202
ORION ENERGY SYSTEMS INC COM COM 686275108 170 45,110 SH   SOLE   0 0 45,110
ORION MARINE GROUP INC COM COM 68628V308 3,872 371,978 SH   SOLE   38,000 0 333,978
ORYX INTERNATIONAL GROWTH FUND COM G6775Y108 538 95,000 SH   SOLE   0 0 95,000
OXFORD INDS INC COM COM 691497309 1,146 16,861 SH   SOLE   1,100 0 15,761
OXFORD INDS INC COM COM 691497309 82 1,200 SH   OTR   0 0 1,200
PARAMOUNT RES LTD CL A COM 699320206 238 6,603 SH   SOLE   2,482 0 4,121
PATTERSON-UTI ENERGY INC COM COM 703481101 6,324 295,786 SH   SOLE   11,400 0 284,386
PENGROWTH ENERGY CORPORATION COM 70706P104 7,684 1,297,931 SH   SOLE   390,257 0 907,674
PENGROWTH ENERGY CORPORATION COM 70706P104 51 8,696 SH   OTR   0 0 8,696
PENN WEST PETROLEUM LTD COM 707887105 9,234 829,638 SH   SOLE   210,654 0 618,984
PENN WEST PETROLEUM LTD COM 707887105 70 6,300 SH   OTR   0 0 6,300
PEOPLES UNITED FINANCIAL INCCO COM 712704105 1,288 89,541 SH   SOLE   0 0 89,541
PEPSICO INC COM 713448108 4,957 62,350 SH   SOLE   20,650 0 41,700
PFIZER INC COM COM 717081103 428 14,892 SH   SOLE   0 0 14,892
PHOENIX COMPANIES INC COM NEW COM 71902E604 4,772 123,414 SH   SOLE   15,035 0 108,379
PHOENIX COS INC NEW QUIBS 2032 PREFERRED STOCKS 71902E208 4,110 177,559 SH   SOLE   55,400 0 122,159
ROCHE HLDG LTD DIV RIGHTS CERT WARRANT AND RIGH H69293217 6,743 25,000 SH   SOLE   0 0 25,000
ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 1,663 25,314 SH   SOLE   0 0 25,314
ROYCE OTC MICRO-CAP FD INC COM COM 780915104 373 31,893 SH   SOLE   26,908 0 4,985
SANTONIA ENERGY INC COM COM 803007103 5,960 2,802,240 SH   SOLE   376,825 0 2,425,415
SCHULMAN A INC COM COM 808194104 3,676 124,771 SH   SOLE   32,044 0 92,727
SCHULMAN A INC COM COM 808194104 53 1,800 SH   OTR   0 0 1,800
SI FINANCIAL GROUP INC COM 78425V104 1,270 111,908 SH   SOLE   31,180 0 80,728
SIGNET JEWELERS LIMITED SHS COM G81276100 4,123 57,550 SH   SOLE   5,350 0 52,200
STATE AUTO FINL CORP COM 855707105 777 37,100 SH   SOLE   900 0 36,200
STEPAN CHEMICAL CO COM 858586100 5,927 102,666 SH   SOLE   17,600 0 85,066
SUMMIT HOTEL PPTYS INC COM COM 866082100 590 64,149 SH   SOLE   6,600 0 57,549
TETHYS PETROLEUM LIMITED USD O COM G87636109 20 30,000 SH   SOLE   0 0 30,000
TEXTAINER GROUP HOLDINGS LTDSH COM G8766E109 4,530 119,626 SH   SOLE   26,325 0 93,301
TOKIO MARINE HOLDINGS INC COM 889094108 5,134 157,195 SH   SOLE   126,670 0 30,525
TUESDAY MORNING CORP COM NEW COM 899035505 9,516 622,798 SH   SOLE   61,264 0 561,534
UNITED PARCEL SVC INC CL B COM 911312106 5,253 57,490 SH   SOLE   0 0 57,490
UNUMPROVIDENT CORP COM 91529Y106 18,398 604,391 SH   SOLE   62,545 0 541,846
UNUMPROVIDENT CORP COM 91529Y106 44 1,460 SH   OTR   0 0 1,460
URSTADT BIDDLE PPTYS INC CL A COM 917286205 7,478 376,167 SH   SOLE   68,529 0 307,638
URSTADT BIDDLE PPTYS INC CL A COM 917286205 40 2,000 SH   OTR   0 0 2,000
USA TRUCK INC COM COM 902925106 10,110 1,128,311 SH   SOLE   129,076 0 999,235
VECTREN CORP COM COM 92240G101 5,292 158,674 SH   SOLE   44,248 0 114,426
VESTAS WIND SYS AS UNSP ADR COM 925458101 641 76,200 SH   SOLE   37,500 0 38,700
VIASYSTEMS GROUP INC COM COM 92553H803 601 41,618 SH   SOLE   3,825 0 37,793
WAL MART STORES INC COM 931142103 443 5,984 SH   SOLE   0 0 5,984
WASHINGTON REAL ESTATE INVT SH COM 939653101 2,241 88,700 SH   SOLE   32,350 0 56,350
WASHINGTON REAL ESTATE INVT SH COM 939653101 23 900 SH   OTR   0 0 900
WASHINGTONFIRST BANKSHARES ICO COM 940730104 1,742 133,994 SH   SOLE   22,739 0 111,255
WATSCO INC COM 942622200 6,000 63,650 SH   SOLE   22,350 0 41,300
WELLS FARGO & CO PFD FRAC ACAT PREFERRED STOCKS KEK746889 0 97,400 SH   SOLE   0 0 97,400
WEST MARINE INC COM COM 954235107 770 63,499 SH   SOLE   6,338 0 57,161
WEST PHARMACEUTICAL SVCS INCCO COM 955306105 2,714 65,946 SH   SOLE   12,366 0 53,580
WESTERN ASSET CLYM INFL OPP CO COM 95766R104 235 20,287 SH   SOLE   800 0 19,487
WILLIAMS SONOMA INC COM COM 969904101 4,547 80,900 SH   SOLE   17,600 0 63,300