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
1ST UNITED BANCORP INC FLA COM 33740N105 16,413 2,144,939 SH   SOLE 0 2,144,939 0
BANCFIRST CORP COM 05945F103 17,428 307,752 SH   SOLE 0 307,752 0
BANCORPSOUTH INC COM 059692103 33,621 1,346,979 SH   SOLE 0 1,346,979 0
BANKUNITED INC COM 06652K103 34,038 978,946 SH   SOLE 0 978,946 0
BANNER CORP COM NEW 06652V208 41,519 1,007,509 SH   SOLE 0 1,007,509 0
CALLAWAY GOLF CO COM 131193104 1,635 160,000 SH   SOLE 160,000 0 0
CARDINAL FINL CORP COM 14149F109 25,830 1,448,718 SH   SOLE 0 1,448,718 0
CENTERSTATE BANKS INC COM 15201P109 24,832 2,274,000 SH   SOLE 0 2,274,000 0
CLICKSOFTWARE TECHNOLOGIES L ORD M25082104 603 59,600 SH   SOLE 59,600 0 0
COLUMBIA BKG SYS INC COM 197236102 42,807 150,942 SH   SOLE 0 150,942 0
COMERICA INC COM 200340107 41,617 803,422 SH   SOLE 0 803,422 0
DENBURY RES INC COM NEW 247916208 3,222 196,500 SH   SOLE 196,500 0 0
EAGLE BANCORP INC MD COM 268948106 37,360 1,034,908 SH   SOLE 0 1,034,908 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 342 10,890 SH   SOLE 10,890 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 13,420 960,659 SH   SOLE 0 960,659 0
FIRST CONN BANCORP INC MD COM 319850103 16,049 1,024,856 SH   SOLE 0 1,024,856 0
FIRST FINL HLDGS INC NEW COM 32023E105 40,511 646,930 SH   SOLE 0 646,930 0
FIRST SEC GROUP INC COM NEW 336312202 9,170 4,408,847 SH   SOLE 0 4,408,847 0
GENCORP INC COM 368682100 450 24,598 SH   SOLE 24,598 0 0
GENERAL MLS INC COM 370334104 1,339 25,844 SH   SOLE 25,844 0 0
GLACIER BANCORP INC NEW COM 37637Q105 24,661 848,348 SH   SOLE 0 848,348 0
HANCOCK HLDG CO COM 410120109 36,583 998,184 SH   SOLE 0 998,184 0
HERITAGE FINL CORP WASH COM 42722X106 16,942 1,001,320 SH   SOLE 0 1,001,320 0
HOME BANCSHARES INC COM 436893200 24,921 724,031 SH   SOLE 0 724,031 0
IBERIABANK CORP COM 450828108 42,624 607,618 SH   SOLE 0 607,618 0
INFINITY PPTY & CAS CORP COM 45665Q103 1,561 23,086 SH   SOLE 23,086 0 0
ISHARES MSCI EAFE ETF 464287465 604 9,000 SH   SOLE 9,000 0 0
ISHARES SELECT DIVID ETF 464287168 917 12,500 SH   SOLE 12,500 0 0
JOHNSON & JOHNSON COM 478160104 2,048 20,850 SH   SOLE 20,850 0 0
KNOWLES CORP COM 49926D109 5,709 180,823 SH   SOLE 180,823 0 0
LIBBEY INC COM 529898108 2,747 105,666 SH   SOLE 105,666 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 4,810 83,983 SH   SOLE 83,983 0 0
MIDSOUTH BANCORP INC COM 598039105 7,871 467,688 SH   SOLE 0 467,688 0
NAME COM 85223W101 6,030 300,000 SH   SOLE 0 300,000 0
NATIONAL BK HLDGS CORP CL A 633707104 30,721 1,530,709 SH   SOLE 0 1,530,709 0
OLD NATL BANCORP IND COM 680033107 26,376 1,769,020 SH   SOLE 0 1,769,020 0
PINNACLE FINL PARTNERS INC COM 72346Q104 8,582 228,922 SH   SOLE 0 228,922 0
PINNACLE FOODS INC DEL COM 72348P104 3,298 110,439 SH   SOLE 110,439 0 0
PLUM CREEK TIMBER CO INC COM 729251108 1,095 26,047 SH   SOLE 26,047 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,769 43,322 SH   SOLE 43,322 0 0
PNC FINL SVCS GROUP INC COM 693475105 46,382 533,131 SH   SOLE 0 533,131 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 1,003 55,000 SH   SOLE 55,000 0 0
PROCTER & GAMBLE CO COM 742718109 1,899 23,565 SH   SOLE 23,565 0 0
REGIONS FINL CORP NEW COM 7591EP100 45,514 4,096,633 SH   SOLE 0 4,096,633 0
SANDY SPRING BANCORP INC COM 800363103 44,797 1,793,316 SH   SOLE 0 1,793,316 0
SHOE CARNIVAL INC COM 824889109 1,555 67,475 SH   SOLE 67,475 0 0
STATE BK FINL CORP COM 856190103 16,539 935,707 SH   SOLE 0 935,707 0
STERLING FINL CORP WASH COM NEW 859319303 31,455 943,756 SH   SOLE 0 943,756 0
SUNCOR ENERGY INC NEW COM 867224107 5,308 151,838 SH   SOLE 151,838 0 0
SUNTRUST BKS INC COM 867914103 29,197 733,785 SH   SOLE 0 733,785 0
SUSSER PETE PARTNERS LP COM U REP LP 869239103 3,556 101,176 SH   SOLE 101,176 0 0
TEAM INC COM 878155100 1,680 39,201 SH   SOLE 39,201 0 0
TORTOISE MLP FD INC COM 89148B101 214 8,000 SH   SOLE 8,000 0 0
TRISTATE CAP HLDGS INC COM 89678F100 13,008 915,447 SH   SOLE 0 915,447 0
TRONOX LTD SHS CL A Q9235V101 3,920 164,915 SH   SOLE 164,915 0 0
UMB FINL CORP COM 902788108 43,505 672,411 SH   SOLE 0 672,411 0
UNION FIRST MKT BANKSH CP COM 90662P104 28,526 1,122,173 SH   SOLE 0 1,122,173 0
UNITED CMNTY BANCORP IND COM 90984R101 842 74,167 SH   SOLE 74,167 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,372 14,092 SH   SOLE 14,092 0 0
VANGUARD WORLD FDS INF TECH ETF 92204a702 220 2,400 SH   SOLE 2,400 0 0
WASHINGTON BKG CO OAK HBR WA COM 937303105 23,918 1,345,250 SH   SOLE 0 1,345,250 0
WASTE MGMT INC DEL COM 94106L109 1,600 38,030 SH   SOLE 38,030 0 0