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
ACNB CORP COM COMMON 000868109 360 21,559 SH   SOLE   21,559 0 0
BANK MUTUAL CORP COMMON 063750103 2,237 396,581 SH   SOLE   396,581 0 0
BANKFINANCIAL CORP COMMON 06643P104 2,167 254,943 SH   SOLE   254,943 0 0
BENEFICIAL MUTUAL BANCORP INC COMMON 08173R104 12,302 1,464,527 SH   SOLE   1,464,527 0 0
BERKSHIRE BANCORP INC DEL COM NEW COMMON 084597202 1,353 170,128 SH   SOLE   170,128 0 0
CALIFORNIA FIRST NATIONAL BANCORP COMMON 130222102 3,403 206,268 SH   SOLE   206,268 0 0
CHEMUNG FINL CORP COM COMMON 164024101 208 6,196 SH   SOLE   6,196 0 0
CITIZENS HLDG CO MISS COM COMMON 174715102 264 13,391 SH   SOLE   13,391 0 0
CMS BANCORP INC COM COMMON 12600U102 1,491 163,880 SH   SOLE   163,880 0 0
COMERICA INC COMMON 200340107 4,102 103,000 SH   SOLE   103,000 0 0
CU BANCORP CALIF COM COMMON 126534106 358 22,689 SH   SOLE   22,689 0 0
EASTERN VA BANKSHARES INC COM COMMON 277196101 116 23,145 SH   SOLE   23,145 0 0
EPLUS INC COMMON 294268107 8,085 135,001 SH   SOLE   135,001 0 0
FARMERS NATIONAL BANC CORP COMMON 309627107 4,447 708,050 SH   SOLE   708,050 0 0
FIRST BUS FINL SVCS INC WIS COM COMMON 319390100 10,310 344,004 SH   SOLE   344,004 0 0
FIRST CAPITAL BANCORP VA COM COMMON 319438107 1,597 469,570 SH   SOLE   469,570 0 0
FIRST CTZNS BANCSHARES INC N C CL A COMMON 31946M103 3,329 17,332 SH   SOLE   17,332 0 0
FIRST SEC GROUP INC COM NEW COMMON 336312202 2,170 1,000,200 SH   SOLE   1,000,200 0 0
HF FINANCIAL CORP COMMON 404172108 5,861 450,516 SH   SOLE   450,516 0 0
HOPFED BANCORP INC COMMON 439734104 4,382 405,783 SH   SOLE   405,783 0 0
MAGYAR BANCORP INC COM COMMON 55977T109 75 13,645 SH   SOLE   13,645 0 0
MALVERN BANCORP INC COM COMMON 561409103 1,814 151,514 SH   SOLE   151,514 0 0
MERIDIAN INTERSTATE BANCORP INC COMMON 58964Q104 12,265 651,366 SH   SOLE   651,366 0 0
NEWPORT BANCORP INC COMMON 651754103 3,335 195,732 SH   SOLE   195,732 0 0
NORTHEAST COMMUNITY BANCORP INC COMMON 664112109 4,548 719,565 SH   SOLE   719,565 0 0
NORTHFIELD BANCORP INC DEL COM COMMON 66611T108 9,616 820,474 SH   SOLE   820,474 0 0
NORTHRIM BANCORP INC COMMON 666762109 7,445 307,759 SH   SOLE   307,759 0 0
NORWOOD FINANCIAL CORP COM COMMON 669549107 1,830 63,099 SH   SOLE   63,099 0 0
OBA FINANCIAL SERVICES INC COMMON 67424G101 6,424 348,386 SH   SOLE   348,386 0 0
OCEAN SHORE HLDG CO NEW COM COMMON 67501R103 8,904 644,292 SH   SOLE   644,292 0 0
OCEANFIRST FINL CORP COM COMMON 675234108 2,191 140,895 SH   SOLE   140,895 0 0
OLD LINE BANCSHARES INC COMMON 67984M100 798 60,500 SH   SOLE   60,500 0 0
OLD POINT FINANCIAL CORP COMMON 680194107 3,564 272,040 SH   SOLE   272,040 0 0
PEAPACK GLADSTONE FINANCIAL CORP COMMON 704699107 2,621 149,983 SH   SOLE   149,983 0 0
PRUDENTIAL BANCORP INC OF PENNSYLVANIA COMMON 744319104 2,398 244,678 SH   SOLE   244,678 0 0
REPUBLIC FIRST BANCORP INC COM COMMON 760416107 2,184 766,202 SH   SOLE   766,202 0 0
ROMA FINANCIAL CORP COMMON 77581P109 3,601 198,312 SH   SOLE   198,312 0 0
STANDARD FINL CORP MD COM COMMON 853393106 2,774 145,591 SH   SOLE   145,591 0 0
TOWER FINANCIAL CORP COM COMMON 891769101 2,979 203,480 SH   SOLE   203,480 0 0
TWO RIV BANCORP COM COMMON 90207C105 4,042 637,468 SH   SOLE   637,468 0 0
UNITED CMNTY BANCORP IND COM COMMON 90984R101 322 31,433 SH   SOLE   31,433 0 0
WASHINGTONFIRST BANKSHARES INC COM COMMON 940730104 326 28,817 SH   SOLE   28,817 0 0
WILLIS LEASE FINANCE CORP COMMON 970646105 5,119 378,938 SH   SOLE   378,938 0 0