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
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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 328 8,154 SH   SOLE   8,154 0 0
Abbvie Inc Common 00287Y109 323 5,942 SH   SOLE   5,942 0 0
Air Industries Group Inc Common 00912N205 369 41,746 SH   SOLE   41,746 0 0
Altria Group Inc Common 02209S103 367 6,744 SH   SOLE   6,744 0 0
American International Group Common 026874784 14,460 254,492 SH   SOLE   254,492 0 0
Anadarko Petroleum Corp Common 032511107 323 5,351 SH   SOLE   5,351 0 0
Annaly Capital Management Inc Common 035710409 138 13,945 SH   SOLE   13,945 0 0
Anthem Inc. Common 036752103 287 2,050 SH   SOLE   2,050 0 0
Ares Capital Corp. Conv Bond 04010LAB9 2,314 2,300,000 PRN   SOLE   2,300,000 0 0
AT&T Inc Common 00206R102 321 9,858 SH   SOLE   9,858 0 0
Bank of New York Mellon Common 064058100 360 9,200 SH   SOLE   9,200 0 0
Barrick Gold Corp Common 067901108 91 14,373 SH   SOLE   14,373 0 0
Berkshire Hathaway Inc Cl-B Common 084670702 16,132 123,712 SH   SOLE   123,712 0 0
Boeing Co Common 097023105 276 2,109 SH   SOLE   2,109 0 0
Bridgeline Digital Inc - Reg D Common 10807Q304 77 63,158 SH   SOLE   63,158 0 0
Bristol-Myers Squibb Co Common 110122108 349 5,888 SH   SOLE   5,888 0 0
Capital One Financial Corp. Common 14040H139 426 13,440 SH   SOLE   13,440 0 0
CenturyLink, Inc. Common 156700106 208 8,261 SH   SOLE   8,261 0 0
Chesapeake Energy Corp - Callable after 05/15/17 Conv Bond 165167BZ9 2,236 2,600,000 PRN   SOLE   2,600,000 0 0
Chevron Corp Common 166764100 302 3,833 SH   SOLE   3,833 0 0
Chicago Bridge & Iron Company NV Common 167250109 9,844 248,219 SH   SOLE   248,219 0 0
Cintas Corp Common 172908105 214 2,497 SH   SOLE   2,497 0 0
Cisco Systems Inc Common 17275R102 11,085 422,277 SH   SOLE   422,277 0 0
Citigroup Inc Common 172967424 8,275 166,810 SH   SOLE   166,810 0 0
Coca-Cola Co Common 191216100 387 9,639 SH   SOLE   9,639 0 0
Consol Energy Inc Common 20854P109 7,236 738,393 SH   SOLE   738,393 0 0
Danaher Corp Common 235851102 11,750 137,891 SH   SOLE   137,891 0 0
Dean Foods Company Common 242370203 341 20,664 SH   SOLE   20,664 0 0
Eli Lilly & Co Common 532457108 293 3,497 SH   SOLE   3,497 0 0
Emerson Electric Co Common 291011104 243 5,491 SH   SOLE   5,491 0 0
Exxon Mobil Corp Common 30231G102 529 7,114 SH   SOLE   7,114 0 0
Fair Isaac & Co Common 303250104 1,877 22,209 SH   SOLE   22,209 0 0
First Financial Bancorp Warrants Common 320209117 532 72,720 SH   SOLE   72,720 0 0
Fiserv Inc Wisconsin Common 337738108 263 3,036 SH   SOLE   3,036 0 0
General Electric Co Common 369604103 595 23,598 SH   SOLE   23,598 0 0
Genworth Financial Inc Cl-A Common 37247d106 58 12,638 SH   SOLE   12,638 0 0
Goldcorp Inc. Common 380956409 126 10,075 SH   SOLE   10,075 0 0
Goldman Sachs Group Inc Common 38141G104 8,500 48,918 SH   SOLE   48,918 0 0
Google Inc - Cl A Common 38259P508 4,231 6,628 SH   SOLE   6,628 0 0
Google Inc - Cl C Non-Voting Common 38259P706 3,225 5,301 SH   SOLE   5,301 0 0
Hartford Financial Service Group Warrants Common 416515120 8,239 215,845 SH   SOLE   215,845 0 0
Hewlett Packard Co Common 428236103 5,997 234,184 SH   SOLE   234,184 0 0
Hornbeck Offshore Services Conv Bond 440543AN6 1,781 2,400,000 PRN   SOLE   2,400,000 0 0
Horsehead Holding Corp Conv Bond 440694AB3 918 1,375,000 PRN   SOLE   1,375,000 0 0
Illinois Tool Works Inc Common 452308109 9,273 112,664 SH   SOLE   112,664 0 0
Intel Corp Conv Bond 458140AD2 5,100 4,200,000 PRN   SOLE   4,200,000 0 0
iShares Barclays 1-3 Year Cr ETF 464288646 7,371 70,112 SH   SOLE   70,112 0 0
Jefferies Group - Putable at 100 Conv Bond 472319AG7 2,073 2,040,000 PRN   SOLE   2,040,000 0 0
Johnson & Johnson Common 478160104 13,675 146,486 SH   SOLE   146,486 0 0
Kohl's Corp Common 500255104 10,524 227,260 SH   SOLE   227,260 0 0
Leucadia National Corp Common 527288104 12,350 609,591 SH   SOLE   609,591 0 0
Lincoln National Corp Warrants Common 534187117 647 16,540 SH   SOLE   16,540 0 0
Loews Corp. Common 540424108 9,229 255,365 SH   SOLE   255,365 0 0
Mednax Inc Common 58502B106 408 5,311 SH   SOLE   5,311 0 0
Microsoft Corp Common 594918104 10,066 227,422 SH   SOLE   227,422 0 0
National Presto Industries Common 637215104 11,064 131,306 SH   SOLE   131,306 0 0
Newmont Mining Corp Common 651639106 277 17,207 SH   SOLE   17,207 0 0
Park National Corp Common 700658107 2,059 22,823 SH   SOLE   22,823 0 0
Paychex Inc Common 704326107 412 8,655 SH   SOLE   8,655 0 0
Pepsico Inc Common 713448108 241 2,551 SH   SOLE   2,551 0 0
Petroleo Brasileiro S.A Common 71654V408 132 30,457 SH   SOLE   30,457 0 0
Procter & Gamble Co Common 742718109 426 5,928 SH   SOLE   5,928 0 0
RAIT Financial Trust Common 749227609 238 48,072 SH   SOLE   48,072 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AB0 1,832 2,200,000 PRN   SOLE   2,200,000 0 0
Redwood Trust Inc. Conv Bond 758075AB1 2,207 2,300,000 PRN   SOLE   2,300,000 0 0
Republic Services Inc Common 760759100 9,753 236,726 SH   SOLE   236,726 0 0
RTI Intl Metals Conv Bond 74973WAB3 2,523 2,400,000 PRN   SOLE   2,400,000 0 0
Sandisk Corp. Conv Bond 80004CAD3 1,365 1,100,000 PRN   SOLE   1,100,000 0 0
Schwab International Equity Fund ETF Common 808524805 219 8,015 SH   SOLE   8,015 0 0
Servisfirst Bancshares Inc Common 81768T108 3,827 92,148 SH   SOLE   92,148 0 0
Smith & Wesson Holding Corp Common 831756101 10,038 594,998 SH   SOLE   594,998 0 0
State National Companies Inc. Common 85711T305 187 20,000 SH   SOLE   20,000 0 0
Stryker Corp Common 863667101 10,066 106,973 SH   SOLE   106,973 0 0
Thermo Fisher Scientific Inc Common 883556102 8,320 68,040 SH   SOLE   68,040 0 0
Time Warner Inc Common 887317303 287 4,170 SH   SOLE   4,170 0 0
Under Armour Inc Common 904311107 316 3,262 SH   SOLE   3,262 0 0
Vanguard Total World Stock ETF Common 922042742 240 4,335 SH   SOLE   4,335 0 0
Vantage Drilling Company Common G93205113 1 20,000 SH   SOLE   20,000 0 0
Wal-Mart Stores Inc Common 931142103 382 5,887 SH   SOLE   5,887 0 0
Waste Management Inc Common 94106L109 437 8,781 SH   SOLE   8,781 0 0
Wells Fargo & Co Common 949746101 11,003 214,277 SH   SOLE   214,277 0 0
Xerox Corp Common 984121103 9,191 944,611 SH   SOLE   944,611 0 0