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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287Y109   487,722 3,620 SH   SOLE   3,620 0 0
ADOBE SYSTEMS INCORPORATED COM 00724F101   391,192 800 SH   SOLE   800 0 0
ALERUS FINL CORP COM 01446U103   3,060,771 170,232 SH   SOLE   170,232 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107   1,518,000 7,992 SH   SOLE   7,992 0 0
ALPHABET INC CAP STK CL A 02079K305   1,378,584 11,517 SH   SOLE   11,517 0 0
AMAZON COM INC COM 023135106   469,556 3,602 SH   SOLE   3,602 0 0
AMERICAN TOWER CORP NEW COM 03027X100   1,145,780 5,907 SH   SOLE   5,907 0 0
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839   2,913,495 145,602 SH   SOLE   145,602 0 0
APPLE INC COM 037833100   4,393,720 22,651 SH   SOLE   22,651 0 0
AXOS FINANCIAL INC COM 05465C100   10,262,366 260,202 SH   SOLE   260,202 0 0
BANK AMERICA CORP COM 060505104   1,142,400 560,000 SH Call SOLE   560,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   787,710 2,310 SH   SOLE   2,310 0 0
BOEING CO COM 097023105   5,292,091 25,062 SH   SOLE   25,062 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108   1,350,560 21,119 SH   SOLE   21,119 0 0
BROADCOM INC COM 11135F101   3,437,625 3,963 SH   SOLE   3,963 0 0
C & F FINL CORP COM 12466Q104   699,980 13,035 SH   SOLE   13,035 0 0
CAPITAL BANCORP INC MD COM 139737100   5,937,977 328,065 SH   SOLE   328,065 0 0
CHATHAM LODGING TR COM 16208T102   161,628 17,268 SH   SOLE   17,268 0 0
CISCO SYS INC COM 17275R102   2,668,689 51,578 SH   SOLE   51,578 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104   118,857 13,430 SH   SOLE   13,430 0 0
COCA COLA CO COM 191216100   201,721 1,784 SH   SOLE   1,784 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109   840,257 35,574 SH   SOLE   35,574 0 0
CVS HEALTH CORP COM 126650100   1,813,141 26,228 SH   SOLE   26,228 0 0
DISNEY WALT CO COM 254687106   291,052 3,260 SH   SOLE   3,260 0 0
DOMINION ENERGY INC COM 25746U109   1,171,013 22,610 SH   SOLE   22,610 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204   407,688 4,543 SH   SOLE   4,543 0 0
DWS MUN INCOME TR COM 233368109   807,678 93,807 SH   SOLE   93,807 0 0
EATON CORP PLC SHS G29183103   246,749 1,227 SH   SOLE   1,227 0 0
F N B CORP COM 302520101   298,423 26,086 SH   SOLE   26,086 0 0
FASTENAL CO COM 311900104   296,601 5,028 SH   SOLE   5,028 0 0
FINANCIAL INSTNS INC COM 317585404   6,842,272 434,706 SH   SOLE   434,706 0 0
FVCBANKCORP INC COM 36120Q101   886,414 82,304 SH   SOLE   82,304 0 0
HAWTHORN BANCSHARES INC COM 420476103   7,033,524 391,840 SH   SOLE   391,840 0 0
INDEPENDENT BK CORP MICH COM NEW 453838609   7,068,675 419,445 SH   SOLE   419,445 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101   777,837 5,813 SH   SOLE   5,813 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   790,997 5,286 SH   SOLE   5,286 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   8,052,729 21,798 SH   SOLE   21,798 0 0
ISHARES TR SELECT DIVID ETF 464287168   249,826 2,205 SH   SOLE   2,205 0 0
ISHARES TR RUS MD CP GR ETF 464287481   224,032 2,318 SH   SOLE   2,318 0 0
ISHARES TR MSCI EAFE ETF 464287465   203,072 2,801 SH   SOLE   2,801 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   744,897 3,977 SH   SOLE   3,977 0 0
ISHARES TR CORE MSCI EAFE 46432F842   442,348 6,553 SH   SOLE   6,553 0 0
ISHARES TR CORE S&P MCP ETF 464287507   1,926,323 7,367 SH   SOLE   7,367 0 0
ISHARES TR CORE S&P SCP ETF 464287804   1,852,692 18,592 SH   SOLE   18,592 0 0
ISHARES TR 20 YR TR BD ETF 464287432   3,565,635 34,638 SH   SOLE   34,638 0 0
J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM 46641Q332   1,464,419 26,467 SH   SOLE   26,467 0 0
JOHNSON & JOHNSON COM 478160104   624,672 3,774 SH   SOLE   3,774 0 0
JPMORGAN CHASE & CO COM 46625H100   1,285,622 8,839 SH   SOLE   8,839 0 0
KLA CORP COM NEW 482480100   545,162 1,124 SH   SOLE   1,124 0 0
KRAFT HEINZ CO COM 500754106   502,389 19,690 SH   SOLE   19,690 0 0
LOCKHEED MARTIN CORP COM 539830109   1,035,395 2,249 SH   SOLE   2,249 0 0
MARRIOTT INTL INC NEW CL A 571903202   369,216 2,010 SH   SOLE   2,010 0 0
MERCK & CO INC COM 58933Y105   740,111 6,414 SH   SOLE   6,414 0 0
MERIDIAN CORPORATION COM 58958P104   10,496,025 1,071,023 SH   SOLE   1,071,023 0 0
MICROCHIP TECHNOLOGY INC. COM 595017104   717,795 8,012 SH   SOLE   8,012 0 0
MICROSOFT CORP COM 594918104   2,145,003 5,065 SH   SOLE   5,065 0 0
NATIONAL GRID PLC SPONSORED ADR NE 636274409   1,888,135 28,043 SH   SOLE   28,043 0 0
NOVARTIS AG SPONSORED ADR 66987V109   402,731 3,991 SH   SOLE   3,991 0 0
PEPSICO INC COM 713448108   252,454 1,363 SH   SOLE   1,363 0 0
PROCTER AND GAMBLE CO COM 742718109   1,322,565 8,716 SH   SOLE   8,716 0 0
QUALCOMM INC COM 747525103   2,599,595 21,838 SH   SOLE   21,838 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101   1,230,965 12,566 SH   SOLE   12,566 0 0
ROYAL BK CDA COM 780087102   574,874 6,019 SH   SOLE   6,019 0 0
SALESFORCE INC COM 79466L302   397,168 1,880 SH   SOLE   1,880 0 0
SANOFI SPONSORED ADR 80105N105   402,471 7,467 SH   SOLE   7,467 0 0
SAUL CTRS INC COM 804395101   2,849,131 77,359 SH   SOLE   77,359 0 0
SPDR GOLD TR GOLD SHS 78463V107   451,557 2,533 SH   SOLE   2,533 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   36,950 45,000 SH Put SOLE   45,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   668,022 1,507 SH   SOLE   1,507 0 0
SPDR SER TR S&P REGL BKG 78464A698   202,108 4,950 SH   SOLE   4,950 0 0
SPDR SER TR S&P KENSHO NEW 78468R648   378,206 8,479 SH   SOLE   8,479 0 0
SPDR SER TR S&P DIVID ETF 78464A763   1,680,095 13,706 SH   SOLE   13,706 0 0
SYNOVUS FINL CORP COM NEW 87161C501   3,845,561 127,126 SH   SOLE   127,126 0 0
TESLA INC COM 88160R101   216,483 827 SH   SOLE   827 0 0
TRUIST FINL CORP COM 89832Q109   450,000 180,000 SH Call SOLE   180,000 0 0
TRUIST FINL CORP COM 89832Q109   9,990,381 330,781 SH   SOLE   330,781 0 0
UNILEVER PLC SPON ADR NEW 904767704   1,700,741 32,625 SH   SOLE   32,625 0 0
VANGUARD BD INDEX FDS VANGUARD ULTRA 92203C303   280,212 5,700 SH   SOLE   5,700 0 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637   253,805 1,252 SH   SOLE   1,252 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629   367,447 1,669 SH   SOLE   1,669 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   14,662,685 36,001 SH   SOLE   36,001 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736   230,612 815 SH   SOLE   815 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   327,694 8,055 SH   SOLE   8,055 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676   394,505 9,816 SH   SOLE   9,816 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805   729,272 15,379 SH   SOLE   15,379 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858   4,694,563 101,657 SH   SOLE   101,657 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   681,655 18,329 SH   SOLE   18,329 0 0
WALMART INC COM 931142103   225,710 1,436 SH   SOLE   1,436 0 0
WELLS FARGO CO NEW COM 949746101   322,300 300,000 SH Call SOLE   300,000 0 0
WELLS FARGO CO NEW COM 949746101   11,559,365 270,838 SH   SOLE   270,838 0 0
WISDOMTREE TR EMER MKT HIGH FD 97717W315   2,497,797 66,570 SH   SOLE   66,570 0 0
ZIONS BANCORPORATION N A COM 989701107   2,693,574 100,282 SH   SOLE   100,282 0 0