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
ABBVIE INC COM 00287Y109 2,257 39,083 SH   SOLE   28,325 0 10,758
AGREE REALTY CORP COM 008492100 357 13,030 SH   SOLE   13,030 0 0
ALLETE INC COM NEW 018522300 2,677 60,298 SH   SOLE   59,314 0 984
ALLIANT ENERGY CORP COM 018802108 2,019 36,443 SH   SOLE   35,328 0 1,115
ALLISON TRANSMISSION HLDGS I COM 01973R101 3,024 106,126 SH   SOLE   102,879 0 3,247
AMDOCS LTD SHS G02602103 2,178 47,464 SH   SOLE   46,009 0 1,455
AMERICAN AIRLS GROUP INC COM 02376R102 935 26,345 SH   SOLE   21,001 0 5,344
AMERICAN EXPRESS CO COM 025816109 1,612 18,412 SH   SOLE   13,160 0 5,252
AMERICAN FINL GROUP INC OHIO COM 025932104 4,257 73,540 SH   SOLE   72,158 0 1,382
AMERICAN INTL GROUP INC COM NEW 026874784 819 15,161 SH   SOLE   10,838 0 4,323
AMERICAN WTR WKS CO INC NEW COM 030420103 2,117 43,900 SH   SOLE   42,560 0 1,340
AMERISOURCEBERGEN CORP COM 03073E105 3,797 49,116 SH   SOLE   47,608 0 1,508
AMGEN INC COM 031162100 1,761 12,534 SH   SOLE   8,961 0 3,573
APPLE INC COM 037833100 2,543 25,236 SH   SOLE   17,662 0 7,574
ATHLON ENERGY INC COM 047477104 4,083 70,116 SH   SOLE   68,701 0 1,415
BANK AMER CORP COM 060505104 1,894 111,112 SH   SOLE   80,314 0 30,798
BANK KY FINL CORP COM 062896105 303 6,544 SH   SOLE   6,544 0 0
BANNER CORP COM NEW 06652V208 6,699 174,139 SH   SOLE   170,753 0 3,386
BASIC ENERGY SVCS INC NEW COM 06985P100 2,989 137,806 SH   SOLE   135,174 0 2,632
BELDEN INC COM 077454106 2,179 34,032 SH   SOLE   33,345 0 687
BLACKROCK INC COM 09247X101 1,062 3,235 SH   SOLE   3,055 0 180
BOEING CO COM 097023105 1,455 11,423 SH   SOLE   8,669 0 2,754
BRISTOL MYERS SQUIBB CO COM 110122108 201 3,927 SH   SOLE   3,927 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 800 35,629 SH   SOLE   35,629 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,457 17,853 SH   SOLE   13,518 0 4,335
CARDINAL HEALTH INC COM 14149Y108 1,388 18,527 SH   SOLE   13,716 0 4,811
CASCADE BANCORP COM NEW 147154207 577 114,293 SH   SOLE   114,293 0 0
CATERPILLAR INC DEL COM 149123101 381 3,850 SH   SOLE   2,794 0 1,056
CBS CORP NEW CL B 124857202 1,690 31,580 SH   SOLE   23,666 0 7,914
CHESAPEAKE LODGING TR SH BEN INT 165240102 5,519 189,345 SH   SOLE   185,758 0 3,587
CHEVRON CORP NEW COM 166764100 1,874 15,703 SH   SOLE   11,242 0 4,461
CISCO SYS INC COM 17275R102 1,095 43,523 SH   SOLE   33,596 0 9,927
CITIGROUP INC COM NEW 172967424 2,072 39,977 SH   SOLE   30,624 0 9,353
CNO FINL GROUP INC COM 12621E103 4,668 275,244 SH   SOLE   269,714 0 5,530
COBIZ FINANCIAL INC COM 190897108 306 27,355 SH   SOLE   27,355 0 0
COLUMBIA BKG SYS INC COM 197236102 6,405 258,174 SH   SOLE   253,225 0 4,949
COMCAST CORP NEW CL A 20030N101 1,409 26,201 SH   SOLE   19,658 0 6,543
CONSTELLATION BRANDS INC CL A 21036P108 3,170 36,369 SH   SOLE   35,256 0 1,113
CORVEL CORP COM 221006109 2,072 60,851 SH   SOLE   60,161 0 690
CUMMINS INC COM 231021106 388 2,943 SH   SOLE   2,103 0 840
CURTISS WRIGHT CORP COM 231561101 4,639 70,376 SH   SOLE   68,957 0 1,419
CVS HEALTH CORP COM 126650100 1,667 20,940 SH   SOLE   15,774 0 5,166
DELTA AIR LINES INC DEL COM NEW 247361702 1,056 29,200 SH   SOLE   23,003 0 6,197
DIAMOND HILL INVESTMENT GROU COM NEW 25264R207 699 5,684 SH   SOLE   5,684 0 0
E M C CORP MASS COM 268648102 1,328 45,372 SH   SOLE   33,364 0 12,008
EMERALD OIL INC COM NEW 29101U209 1,919 312,054 SH   SOLE   307,042 0 5,012
ENERSYS COM 29275Y102 2,900 49,462 SH   SOLE   48,479 0 983
EOG RES INC COM 26875P101 1,075 10,857 SH   SOLE   8,781 0 2,076
EPR PPTYS COM SH BEN INT 26884U109 1,986 39,190 SH   SOLE   38,603 0 587
EXPRESS SCRIPTS HLDG CO COM 30219G108 865 12,244 SH   SOLE   8,753 0 3,491
EXXON MOBIL CORP COM 30231G102 2,913 30,970 SH   SOLE   24,323 0 6,647
FEDERAL SIGNAL CORP COM 313855108 246 18,590 SH   SOLE   18,590 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 2,231 45,178 SH   SOLE   43,797 0 1,381
FLUOR CORP NEW COM 343412102 1,157 17,320 SH   SOLE   13,530 0 3,790
FOOT LOCKER INC COM 344849104 4,244 76,254 SH   SOLE   73,918 0 2,336
G & K SVCS INC CL A 361268105 5,208 94,050 SH   SOLE   92,240 0 1,810
GENERAL ELECTRIC CO COM 369604103 2,554 99,671 SH   SOLE   81,695 0 17,976
GERMAN AMERN BANCORP INC COM 373865104 265 10,284 SH   SOLE   10,284 0 0
GLACIER BANCORP INC NEW COM 37637Q105 4,494 173,790 SH   SOLE   170,903 0 2,887
GOOGLE INC CL A 38259P508 1,327 2,256 SH   SOLE   1,662 0 594
GP STRATEGIES CORP COM 36225V104 213 7,413 SH   SOLE   7,413 0 0
GRACO INC COM 384109104 3,947 54,082 SH   SOLE   52,453 0 1,629
GRAMERCY PPTY TR INC COM 38489R100 1,165 202,250 SH   SOLE   202,250 0 0
GREENBRIER COS INC COM 393657101 5,961 81,236 SH   SOLE   79,848 0 1,388
HARLEY DAVIDSON INC COM 412822108 1,200 20,615 SH   SOLE   15,130 0 5,485
HAWAIIAN HOLDINGS INC COM 419879101 4,402 327,320 SH   SOLE   321,079 0 6,241
HCC INS HLDGS INC COM 404132102 2,075 42,974 SH   SOLE   41,657 0 1,317
HEALTHCARE SVCS GRP INC COM 421906108 236 8,235 SH   SOLE   8,235 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 3,259 147,735 SH   SOLE   145,185 0 2,550
HELMERICH & PAYNE INC COM 423452101 1,951 19,933 SH   SOLE   19,324 0 609
HENRY JACK & ASSOC INC COM 426281101 3,211 57,697 SH   SOLE   55,923 0 1,774
HEWLETT PACKARD CO COM 428236103 1,115 31,441 SH   SOLE   24,802 0 6,639
HOLLYFRONTIER CORP COM 436106108 1,374 31,452 SH   SOLE   30,489 0 963
HOME BANCSHARES INC COM 436893200 4,819 163,863 SH   SOLE   160,616 0 3,247
HUNTINGTON BANCSHARES INC COM 446150104 172 17,701 SH   SOLE   17,701 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 3,353 32,177 SH   SOLE   31,193 0 984
HURON CONSULTING GROUP INC COM 447462102 3,368 55,239 SH   SOLE   54,132 0 1,107
IBERIABANK CORP COM 450828108 3,641 58,254 SH   SOLE   57,248 0 1,006
INDEPENDENCE HLDG CO NEW COM NEW 453440307 234 17,583 SH   SOLE   17,583 0 0
INTEL CORP COM 458140100 1,054 30,284 SH   SOLE   23,469 0 6,815
INVENTURE FOODS INC COM 461212102 1,218 94,018 SH   SOLE   92,276 0 1,742
JARDEN CORP COM 471109108 3,872 64,421 SH   SOLE   62,448 0 1,973
JOHNSON & JOHNSON COM 478160104 2,053 19,260 SH   SOLE   13,675 0 5,585
JPMORGAN CHASE & CO COM 46625H100 2,528 41,964 SH   SOLE   32,083 0 9,881
KADANT INC COM 48282T104 1,543 39,522 SH   SOLE   39,522 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 3,276 117,129 SH   SOLE   114,776 0 2,353
KILROY RLTY CORP COM 49427F108 4,712 79,279 SH   SOLE   77,730 0 1,549
LIBBEY INC COM 529898108 2,154 82,016 SH   SOLE   80,622 0 1,394
LIFEPOINT HOSPITALS INC COM 53219L109 6,810 98,423 SH   SOLE   96,352 0 2,071
LITHIA MTRS INC CL A 536797103 4,322 57,106 SH   SOLE   56,127 0 979
LIVE NATION ENTERTAINMENT IN COM 538034109 3,055 127,199 SH   SOLE   124,646 0 2,553
MACYS INC COM 55616P104 1,645 28,278 SH   SOLE   22,357 0 5,921
MAINSOURCE FINANCIAL GP INC COM 56062Y102 281 16,308 SH   SOLE   16,308 0 0
MARKEL CORP COM 570535104 2,114 3,323 SH   SOLE   3,222 0 101
MASTEC INC COM 576323109 2,406 78,568 SH   SOLE   76,978 0 1,590
MASTERCARD INC CL A 57636Q104 1,389 18,793 SH   SOLE   14,172 0 4,621
MATERION CORP COM 576690101 328 10,693 SH   SOLE   10,693 0 0
MATRIX SVC CO COM 576853105 385 15,981 SH   SOLE   15,981 0 0
MEDNAX INC COM 58502B106 3,066 55,930 SH   SOLE   54,122 0 1,808
MENTOR GRAPHICS CORP COM 587200106 4,340 211,783 SH   SOLE   207,969 0 3,814
MERCHANTS BANCSHARES COM 588448100 295 10,455 SH   SOLE   10,455 0 0
METLIFE INC COM 59156R108 943 17,556 SH   SOLE   13,130 0 4,426
MICROSOFT CORP COM 594918104 1,168 25,200 SH   SOLE   19,454 0 5,746
MINERALS TECHNOLOGIES INC COM 603158106 7,020 113,758 SH   SOLE   111,574 0 2,184
MKS INSTRUMENT INC COM 55306N104 4,187 125,438 SH   SOLE   123,280 0 2,158
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 2,466 196,341 SH   SOLE   191,802 0 4,539
MORGAN STANLEY COM NEW 617446448 1,168 33,795 SH   SOLE   25,323 0 8,472
MULTI COLOR CORP COM 625383104 2,230 49,023 SH   SOLE   49,023 0 0
MYLAN INC COM 628530107 266 5,843 SH   SOLE   5,843 0 0
NASDAQ OMX GROUP INC COM 631103108 221 5,199 SH   SOLE   5,199 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 3,576 103,451 SH   SOLE   101,094 0 2,357
NEWMARKET CORP COM 651587107 6,377 16,736 SH   SOLE   16,433 0 303
NOBLE ENERGY INC COM 655044105 1,305 19,090 SH   SOLE   14,068 0 5,022
OASIS PETE INC NEW COM 674215108 875 20,930 SH   SOLE   20,930 0 0
ONE LIBERTY PPTYS INC COM 682406103 575 28,424 SH   SOLE   28,424 0 0
ORACLE CORP COM 68389X105 1,382 36,096 SH   SOLE   27,540 0 8,556
PACIFIC CONTINENTAL CORP COM 69412V108 167 13,020 SH   SOLE   13,020 0 0
PACWEST BANCORP DEL COM 695263103 4,006 97,165 SH   SOLE   95,213 0 1,952
PARK OHIO HLDGS CORP COM 700666100 1,696 35,438 SH   SOLE   35,438 0 0
PARK STERLING CORP COM 70086Y105 285 42,945 SH   SOLE   42,945 0 0
PATRICK INDS INC COM 703343103 1,426 33,673 SH   SOLE   33,673 0 0
PDF SOLUTIONS INC COM 693282105 1,141 90,456 SH   SOLE   89,216 0 1,240
PEPSICO INC COM 713448108 1,797 19,299 SH   SOLE   13,775 0 5,524
PFIZER INC COM 717081103 2,084 70,460 SH   SOLE   54,993 0 15,467
PINNACLE FINL PARTNERS INC COM 72346Q104 4,525 125,360 SH   SOLE   123,525 0 1,835
PLATFORM SPECIALTY PRODS COR COM 72766Q105 5,243 209,533 SH   SOLE   205,304 0 4,229
PNC FINL SVCS GROUP INC COM 693475105 1,344 15,703 SH   SOLE   11,695 0 4,008
PNM RES INC COM 69349H107 1,656 66,480 SH   SOLE   65,340 0 1,140
PREMIERE GLOBAL SVCS INC COM 740585104 2,002 167,258 SH   SOLE   164,575 0 2,683
PRIMERICA INC COM 74164M108 5,044 104,602 SH   SOLE   102,500 0 2,102
PRUDENTIAL FINL INC COM 744320102 1,022 11,626 SH   SOLE   9,025 0 2,601
RAYMOND JAMES FINANCIAL INC COM 754730109 3,121 58,256 SH   SOLE   56,472 0 1,784
RED ROBIN GOURMET BURGERS IN COM 75689M101 215 3,784 SH   SOLE   3,784 0 0
RENASANT CORP COM 75970E107 2,259 83,530 SH   SOLE   83,530 0 0
RLJ LODGING TR COM 74965L101 3,567 125,293 SH   SOLE   122,791 0 2,502
SAFETY INS GROUP INC COM 78648T100 348 6,462 SH   SOLE   6,462 0 0
SCHLUMBERGER LTD COM 806857108 1,843 18,123 SH   SOLE   12,950 0 5,173
SENSIENT TECHNOLOGIES CORP COM 81725T100 4,567 87,244 SH   SOLE   85,485 0 1,759
SILGAN HOLDINGS INC COM 827048109 1,056 22,462 SH   SOLE   22,462 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 348 9,032 SH   SOLE   9,032 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,155 7,025 SH   SOLE   5,290 0 1,735
SKYWORKS SOLUTIONS INC COM 83088M102 5,513 94,966 SH   SOLE   92,056 0 2,910
SONIC CORP COM 835451105 5,073 226,878 SH   SOLE   222,314 0 4,564
SOUTH ST CORP COM 840441109 6,974 124,708 SH   SOLE   122,262 0 2,446
SOUTHWEST BANCORP INC OKLA COM 844767103 1,218 74,253 SH   SOLE   74,253 0 0
SPARTON CORP COM 847235108 358 14,542 SH   SOLE   14,542 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,869 14,564 SH   SOLE   9,222 0 5,342
SPIRIT RLTY CAP INC NEW COM 84860W102 4,697 428,199 SH   SOLE   418,559 0 9,640
STAG INDL INC COM 85254J102 5,656 273,104 SH   SOLE   267,623 0 5,481
STANDEX INTL CORP COM 854231107 3,779 50,974 SH   SOLE   50,282 0 692
STATE BK FINL CORP COM 856190103 320 19,733 SH   SOLE   19,733 0 0
STATE STR CORP COM 857477103 832 11,308 SH   SOLE   9,566 0 1,742
TELEFLEX INC COM 879369106 4,317 41,100 SH   SOLE   40,354 0 746
TIME WARNER INC COM NEW 887317303 1,193 15,856 SH   SOLE   11,782 0 4,074
TUTOR PERINI CORP COM 901109108 2,849 107,921 SH   SOLE   105,747 0 2,174
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,394 40,649 SH   SOLE   29,880 0 10,769
UNION BANKSHARES CORP NEW COM 90539J109 1,735 75,109 SH   SOLE   75,109 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,531 17,746 SH   SOLE   13,339 0 4,407
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 365 8,753 SH   SOLE   8,753 0 0
VASCULAR SOLUTIONS INC COM 92231M109 256 10,364 SH   SOLE   10,364 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,466 29,330 SH   SOLE   22,257 0 7,073
VIACOM INC NEW CL B 92553P201 1,392 18,095 SH   SOLE   13,795 0 4,300
WABTEC CORP COM 929740108 9,965 122,970 SH   SOLE   120,755 0 2,215
WELLS FARGO & CO NEW COM 949746101 2,268 43,728 SH   SOLE   32,508 0 11,220
WESTAR ENERGY INC COM 95709T100 2,104 61,673 SH   SOLE   59,783 0 1,890
WESTERN ALLIANCE BANCORP COM 957638109 7,239 302,905 SH   SOLE   297,071 0 5,834
WHITING PETE CORP NEW COM 966387102 3,010 38,819 SH   SOLE   33,975 0 4,844
WINTRUST FINL CORP COM 97650W108 1,722 38,547 SH   SOLE   38,547 0 0
WOODWARD INC COM 980745103 2,307 48,453 SH   SOLE   47,472 0 981
XERIUM TECHNOLOGIES INC COM NEW 98416J118 296 20,281 SH   SOLE   20,281 0 0