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
1ST CENTURY BANCSHARES INC COM 31943X102 3,134 285,650 SH   SOLE   285,650 0 0
1ST CONSTITUTION BANCORP COM 31986N102 232 18,349 SH   SOLE   18,349 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 271 10,688 SH   SOLE   10,688 0 0
AMERISERV FINL INC COM 03074A102 1,356 453,416 SH   SOLE   453,416 0 0
ANCHOR BANCORP WIS INC DEL COM 03283P106 20,933 464,564 SH   SOLE   464,564 0 0
BANCFIRST CORP COM 05945F103 485 8,499 SH   SOLE   8,499 0 0
BANCORP INC DEL COM 05969A105 972 169,883 SH   SOLE   169,883 0 0
BANK COMM HLDGS COM 06424J103 525 82,653 SH   SOLE   82,653 0 0
BANNER CORP COM NEW 06652V208 1,066 25,346 SH   SOLE   25,346 0 0
BAY BANCORP INC COM 07203T106 234 48,471 SH   SOLE   48,471 0 0
C & F FINL CORP COM 12466Q104 936 24,493 SH   SOLE   24,493 0 0
C1 FINL INC COM 12591N109 19,222 794,302 SH   SOLE   794,302 0 0
CAPE BANCORP INC COM 139209100 1,749 130,103 SH   SOLE   130,103 0 0
CARDINAL FINL CORP COM 14149F109 700 34,392 SH   SOLE   34,392 0 0
CASCADE BANCORP COM NEW 147154207 118 20,668 SH   SOLE   20,668 0 0
CENTRAL FED CORP COM NEW 15346Q202 157 116,661 SH   SOLE   116,661 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 1,798 161,572 SH   SOLE   161,572 0 0
CHARTER FINL CORP MD COM 16122W108 1,011 74,867 SH   SOLE   74,867 0 0
CHEVIOT FINL CORP NEW COM 16677X105 2,513 171,043 SH   SOLE   171,043 0 0
CNB FINL CORP PA COM 126128107 309 17,549 SH   SOLE   17,549 0 0
COLONY BANKCORP INC COM 19623P101 102 11,147 SH   SOLE   11,147 0 0
COMMUNITY BANKERS TR CORP COM 203612106 296 59,128 SH   SOLE   59,128 0 0
COMMUNITY TR BANCORP INC COM 204149108 377 10,672 SH   SOLE   10,672 0 0
COMMUNITY WEST BANCSHARES COM 204157101 274 40,232 SH   SOLE   40,232 0 0
COMMUNITYONE BANCORP COM 20416Q108 1,935 145,717 SH   SOLE   145,717 0 0
CU BANCORP CALIF COM 126534106 1,104 52,165 SH   SOLE   52,165 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 352 13,420 SH   SOLE   13,420 0 0
FIRST BANCORP N C COM 318910106 612 32,471 SH   SOLE   32,471 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 1,507 114,399 SH   SOLE   114,399 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 469 26 SH   SOLE   26 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 1,449 149,695 SH   SOLE   149,695 0 0
FIRST SOUTH BANCORP INC VA COM 33646W100 102 12,334 SH   SOLE   12,334 0 0
FIRSTMERIT CORP COM 337915102 253 12,000 SH   SOLE   12,000 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 3,942 204,022 SH   SOLE   204,022 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 1,361 50,393 SH   SOLE   50,393 0 0
FS BANCORP INC COM 30263Y104 929 36,866 SH   SOLE   36,866 0 0
GREEN BANCORP INC COM 39260X100 1,627 214,919 SH   SOLE   214,919 0 0
HAMPTON ROADS BANKSHARES INC COM NEW 409321502 457 258,146 SH   SOLE   258,146 0 0
HEARTLAND FINL USA INC COM 42234Q102 340 11,042 SH   SOLE   11,042 0 0
HERITAGE COMMERCE CORP COM 426927109 494 49,372 SH   SOLE   49,372 0 0
HERITAGE FINL CORP WASH COM 42722X106 2,990 170,187 SH   SOLE   170,187 0 0
HF FINL CORP COM 404172108 2,530 140,569 SH   SOLE   140,569 0 0
HILLTOP HOLDINGS INC COM 432748101 2,019 106,922 SH   SOLE   106,922 0 0
HOME BANCORP INC COM 43689E107 748 27,901 SH   SOLE   27,901 0 0
HOMESTREET INC COM 43785V102 2,927 140,652 SH   SOLE   140,652 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,005 54,837 SH   SOLE   54,837 0 0
HOWARD BANCORP INC COM 442496105 240 19,972 SH   SOLE   19,972 0 0
IBERIABANK CORP COM 450828108 2,351 45,865 SH   SOLE   45,865 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 3,705 150,252 SH   SOLE   150,252 0 0
LAPORTE BANCORP INC MD COM 516651106 2,962 187,933 SH   SOLE   187,933 0 0
MIDSOUTH BANCORP INC COM 598039105 749 98,105 SH   SOLE   98,105 0 0
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 2,724 164,004 SH   SOLE   164,004 0 0
NATIONAL BK HLDGS CORP CL A 633707104 1,891 92,762 SH   SOLE   92,762 0 0
NATIONAL PENN BANCSHARES INC COM 637138108 829 77,894 SH   SOLE   77,894 0 0
NORTHEAST BANCORP COM NEW 663904209 579 54,581 SH   SOLE   54,581 0 0
OCEAN SHORE HLDG CO NEW COM 67501R103 689 39,335 SH   SOLE   39,335 0 0
ORRSTOWN FINL SVCS INC COM 687380105 688 39,751 SH   SOLE   39,751 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 540 33,480 SH   SOLE   33,480 0 0
PACIFIC PREMIER BANCORP COM 69478X105 4,015 187,882 SH   SOLE   187,882 0 0
PACWEST BANCORP DEL COM 695263103 3,260 87,744 SH   SOLE   87,744 0 0
PARK STERLING CORP COM 70086Y105 144 21,539 SH   SOLE   21,539 0 0
PEOPLES BANCORP INC COM 709789101 719 36,804 SH   SOLE   36,804 0 0
PEOPLES FINL CORP MISS COM 71103B102 227 25,085 SH   SOLE   25,085 0 0
PEOPLES UTAH BANCORP COM 712706209 211 13,353 SH   SOLE   13,353 0 0
PLUMAS BANCORP COM 729273102 226 25,697 SH   SOLE   25,697 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 655 21,647 SH   SOLE   21,647 0 0
PREMIER FINL BANCORP INC COM 74050M105 913 57,951 SH   SOLE   57,951 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 269 63,815 SH   SOLE   63,815 0 0
SELECT BANCORP INC NEW COM 81617L108 106 13,211 SH   SOLE   13,211 0 0
SHORE BANCSHARES INC COM 825107105 512 42,758 SH   SOLE   42,758 0 0
SI FINL GROUP INC MD COM 78425V104 200 14,358 SH   SOLE   14,358 0 0
SIERRA BANCORP COM 82620P102 387 21,298 SH   SOLE   21,298 0 0
SOUND FINL BANCORP INC COM 83607A100 1,210 52,842 SH   SOLE   52,842 0 0
SOUTHCOAST FINANCIAL CORP COM 84129R100 9,020 691,186 SH   SOLE   691,186 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 596 50,008 SH   SOLE   50,008 0 0
STATE BK FINL CORP COM 856190103 5,785 292,785 SH   SOLE   292,785 0 0
STEWARDSHIP FINL CORP COM 860326107 70 12,050 SH   SOLE   12,050 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 718 23,966 SH   SOLE   23,966 0 0
TRICO BANCSHARES COM 896095106 250 9,885 SH   SOLE   9,885 0 0
TRUSTCO BK CORP NY COM 898349105 447 73,757 SH   SOLE   73,757 0 0
UMPQUA HLDGS CORP COM 904214103 1,077 67,900 SH   SOLE   67,900 0 0
UNITED SECURITY BANCSHARES C COM 911460103 521 105,155 SH   SOLE   105,155 0 0
UNITED SEC BANCSHARES INC SHS 911459105 523 64,616 SH   SOLE   64,616 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 293 13,404 SH   SOLE   13,404 0 0
WILSHIRE BANCORP INC COM 97186T108 4,254 412,996 SH   SOLE   412,996 0 0
WINTRUST FINL CORP COM 97650W108 474 10,691 SH   SOLE   10,691 0 0
WVS FINL CORP COM 929358109 780 68,712 SH   SOLE   68,712 0 0
XENITH BANKSHARES INC COM 98410X105 4,207 556,443 SH   SOLE   556,443 0 0
YADKIN FINL CORP COM 984305102 223 9,413 SH   SOLE   9,413 0 0