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 Laboratories Common 002824100 376 7,661 SH   SOLE   7,661 0 0
Abbvie Inc Common 00287Y109 399 5,942 SH   SOLE   5,942 0 0
Air Industries Group Inc Common 00912N205 424 41,746 SH   SOLE   41,746 0 0
Altria Group Inc Common 02209S103 480 9,816 SH   SOLE   9,816 0 0
American International Group Common 026874784 15,780 255,258 SH   SOLE   255,258 0 0
American River Bankshares Common 029326105 1,363 146,287 SH   SOLE   146,287 0 0
Anadarko Petroleum Corp Common 032511107 342 4,385 SH   SOLE   4,385 0 0
Annaly Capital Management Inc Common 035710409 128 13,945 SH   SOLE   13,945 0 0
Anthem Inc. Common 036752103 346 2,105 SH   SOLE   2,105 0 0
Ares Capital Corp. Conv Bond 04010LAB9 2,346 2,300,000 PRN   SOLE   2,300,000 0 0
AT&T Inc Common 00206R102 350 9,858 SH   SOLE   9,858 0 0
Bank of New York Mellon Common 064058100 362 8,620 SH   SOLE   8,620 0 0
Barrick Gold Corp Common 067901108 153 14,373 SH   SOLE   14,373 0 0
Berkshire Hathaway Inc Cl-B Common 084670702 16,733 122,936 SH   SOLE   122,936 0 0
Boeing Co Common 097023105 292 2,106 SH   SOLE   2,106 0 0
Bridgeline Digital Inc - Reg D Common 10807Q304 113 63,158 SH   SOLE   63,158 0 0
Bristol-Myers Squibb Co Common 110122108 460 6,918 SH   SOLE   6,918 0 0
Capital One Financial Corp. Warrant 14040H139 618 13,440 SH   SOLE   13,440 0 0
CenturyLink, Inc. Common 156700106 243 8,261 SH   SOLE   8,261 0 0
Chesapeake Energy Corp - Callable after 05/15/17 Conv Bond 165167BZ9 2,464 2,600,000 PRN   SOLE   2,600,000 0 0
Chevron Corp Common 166764100 368 3,810 SH   SOLE   3,810 0 0
Chicago Bridge & Iron Company NV Common 167250109 12,122 242,253 SH   SOLE   242,253 0 0
Cintas Corp Common 172908105 211 2,497 SH   SOLE   2,497 0 0
Cisco Systems Inc Common 17275R102 11,517 419,406 SH   SOLE   419,406 0 0
Citigroup Inc Common 172967424 9,218 166,866 SH   SOLE   166,866 0 0
Coca-Cola Co Common 191216100 348 8,869 SH   SOLE   8,869 0 0
Consol Energy Inc Common 20854P109 3,793 174,473 SH   SOLE   174,473 0 0
Danaher Corp Common 235851102 11,791 137,766 SH   SOLE   137,766 0 0
Dean Foods Company Common 242370203 334 20,664 SH   SOLE   20,664 0 0
Eli Lilly & Co Common 532457108 292 3,497 SH   SOLE   3,497 0 0
Emerson Electric Co Common 291011104 265 4,781 SH   SOLE   4,781 0 0
Exxon Mobil Corp Common 30231G102 592 7,120 SH   SOLE   7,120 0 0
Fair Isaac & Co Common 303250104 2,833 31,209 SH   SOLE   31,209 0 0
First Financial Bancorp Warrants Warrant 320209117 433 72,720 SH   SOLE   72,720 0 0
Fiserv Inc Wisconsin Common 337738108 251 3,036 SH   SOLE   3,036 0 0
General Electric Co Common 369604103 608 22,870 SH   SOLE   22,870 0 0
Genworth Financial Inc Cl-A Common 37247d106 96 12,638 SH   SOLE   12,638 0 0
Goldcorp Inc. Common 380956409 170 10,475 SH   SOLE   10,475 0 0
Goldman Sachs Group Inc Common 38141G104 10,244 49,065 SH   SOLE   49,065 0 0
Google Inc - Cl A Common 38259P508 3,516 6,510 SH   SOLE   6,510 0 0
Google Inc - Cl C Non-Voting Common 38259P706 2,836 5,448 SH   SOLE   5,448 0 0
Hartford Financial Service Group Warrants Warrant 416515120 7,381 218,380 SH   SOLE   218,380 0 0
Hewlett Packard Co Common 428236103 6,718 223,859 SH   SOLE   223,859 0 0
Hornbeck Offshore Services Conv Bond 440543AN6 1,959 2,400,000 PRN   SOLE   2,400,000 0 0
Illinois Tool Works Inc Common 452308109 10,257 111,743 SH   SOLE   111,743 0 0
iShares Barclays 1-3 Year Cr ETF 464288646 6,995 66,411 SH   SOLE   66,411 0 0
Jefferies Group - Putable at 100 Conv Bond 472319AG7 2,082 2,040,000 PRN   SOLE   2,040,000 0 0
Johnson & Johnson Common 478160104 14,157 145,259 SH   SOLE   145,259 0 0
Kohl's Corp Common 500255104 14,103 225,250 SH   SOLE   225,250 0 0
Leucadia National Corp Common 527288104 10,737 442,212 SH   SOLE   442,212 0 0
Lincoln National Corp Warrants Warrant 534187117 851 16,540 SH   SOLE   16,540 0 0
Loews Corp. Common 540424108 9,697 251,804 SH   SOLE   251,804 0 0
Mednax Inc Common 58502B106 394 5,311 SH   SOLE   5,311 0 0
Merck & Co Inc Common 58933Y105 203 3,573 SH   SOLE   3,573 0 0
Microsoft Corp Common 594918104 9,950 225,365 SH   SOLE   225,365 0 0
National Presto Industries Common 637215104 10,654 132,639 SH   SOLE   132,639 0 0
Newmont Mining Corp Common 651639106 402 17,207 SH   SOLE   17,207 0 0
Park National Corp Common 700658107 1,994 22,823 SH   SOLE   22,823 0 0
Paychex Inc Common 704326107 402 8,580 SH   SOLE   8,580 0 0
Pepsico Inc Common 713448108 238 2,548 SH   SOLE   2,548 0 0
Petroleo Brasileiro S.A Common 71654V408 106 11,757 SH   SOLE   11,757 0 0
Procter & Gamble Co Common 742718109 464 5,925 SH   SOLE   5,925 0 0
RAIT Financial Trust Common 749227609 201 32,972 SH   SOLE   32,972 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AA2 153 140,000 PRN   SOLE   140,000 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AB0 1,888 2,200,000 PRN   SOLE   2,200,000 0 0
Redwood Trust Inc. Conv Bond 758075AB1 2,205 2,300,000 PRN   SOLE   2,300,000 0 0
Republic Services Inc Common 760759100 9,307 237,603 SH   SOLE   237,603 0 0
RTI Intl Metals Conv Bond 74973WAB3 2,602 2,400,000 PRN   SOLE   2,400,000 0 0
Sandisk Corp. Conv Bond 80004CAD3 1,422 1,100,000 PRN   SOLE   1,100,000 0 0
Schwab International Equity Fund ETF Common 808524805 244 8,015 SH   SOLE   8,015 0 0
Servisfirst Bancshares Inc Common 81768T108 3,462 92,148 SH   SOLE   92,148 0 0
Smith & Wesson Holding Corp Common 831756101 14,940 900,523 SH   SOLE   900,523 0 0
State National Companies Inc. Common 85711T305 217 20,000 SH   SOLE   20,000 0 0
Stryker Corp Common 863667101 10,293 107,704 SH   SOLE   107,704 0 0
Thermo Fisher Scientific Inc Common 883556102 8,853 68,226 SH   SOLE   68,226 0 0
Time Warner Inc Common 887317303 331 3,791 SH   SOLE   3,791 0 0
Under Armour Inc Common 904311107 272 3,260 SH   SOLE   3,260 0 0
Vanguard Total World Stock ETF Common 922042742 267 4,335 SH   SOLE   4,335 0 0
Vantage Drilling Company Common G93205113 4 20,000 SH   SOLE   20,000 0 0
Wal-Mart Stores Inc Common 931142103 385 5,431 SH   SOLE   5,431 0 0
Waste Management Inc Common 94106L109 379 8,179 SH   SOLE   8,179 0 0
Wells Fargo & Co Common 949746101 11,977 212,965 SH   SOLE   212,965 0 0
Xerox Corp Common 984121103 9,820 922,937 SH   SOLE   922,937 0 0