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
AMERICAN RIVER BANKSHARES COM COMMON 029326105 4,610 449,131 SH   SOLE   449,131 0 0
AMERISERV FINL INC COM COMMON 03074A102 2,211 732,262 SH   SOLE   732,262 0 0
California First National Bancorp COMMON 130222102 5,695 385,582 SH   SOLE   385,582 0 0
CENTURY BANCORP INC MASS CL A NON VTG COMMON 156432106 2,271 53,641 SH   SOLE   53,641 0 0
CHEMUNG FINL CORP COM COMMON 164024101 3,510 119,576 SH   SOLE   119,576 0 0
CHICOPEE BANCORP INC COM COMMON 168565109 1,487 81,453 SH   SOLE   81,453 0 0
CITIZENS FINL GROUP INC COM COMMON 174610105 5,345 267,500 SH   SOLE   267,500 0 0
Codorus Valley Bancorp, Inc COMMON 192025104 1,880 92,283 SH   SOLE   92,283 0 0
Comerica Inc COMMON 200340107 9,824 238,846 SH   SOLE   238,846 0 0
Community West Bancshares COMMON 204157101 471 63,993 SH   SOLE   63,993 0 0
DNB FINL CORP COM COMMON 233237106 1,145 48,519 SH   SOLE   48,519 0 0
First Financial Northwest Inc COMMON 32022K102 3,067 230,985 SH   SOLE   230,985 0 0
FIRST FNDTN INC COM COMMON 32026V104 3,209 149,269 SH   SOLE   149,269 0 0
FIRST UTD CORP COM COMMON 33741H107 4,487 455,949 SH   SOLE   455,949 0 0
Fox Chase Bancorp Inc COMMON 35137T108 1,733 85,189 SH   SOLE   85,189 0 0
GEORGETOWN BANCORP INC COMMON 372591107 339 16,699 SH   SOLE   16,699 0 0
GREEN BANCORP INC COM COMMON 39260X100 217 24,936 SH   SOLE   24,936 0 0
HMN Financial Inc COMMON 40424G108 1,074 79,101 SH   SOLE   79,101 0 0
HopFed Bancorp Inc COMMON 439734104 801 69,127 SH   SOLE   69,127 0 0
INVESTORS BANCORP INC NEW COM COMMON 46146L101 3,656 330,000 SH   SOLE   330,000 0 0
LANDMARK BANCORP INC COMMON 51504L107 533 21,026 SH   SOLE   21,026 0 0
MAGYAR BANCORP INC COM COMMON 55977T109 1,360 137,327 SH   SOLE   137,327 0 0
Middleburg Financial Corp COMMON 596094102 7,404 272,204 SH   SOLE   272,204 0 0
OCEAN SHORE HLDG CO NEW COM COMMON 67501R103 7,252 427,611 SH   SOLE   427,611 0 0
PB Bancorp Inc COMMON 70454T100 1,394 165,579 SH   SOLE   165,579 0 0
PEOPLES FINL CORP MISS COM COMMON 71103B102 2,268 220,174 SH   SOLE   220,174 0 0
PEOPLES UTAH BANCORP COM COMMON 712706209 8,025 483,447 SH   SOLE   483,447 0 0
Premier Financial Bancorp, Inc COMMON 74050M105 2,564 152,182 SH   SOLE   152,182 0 0
PROVIDENT FINL HLDGS INC COM COMMON 743868101 858 46,908 SH   SOLE   46,908 0 0
PRUDENTIAL BANCORP INC NEW COM COMMON 74431A101 184 13,046 SH   SOLE   13,046 0 0
SOUND FINL BANCORP INC COM COMMON 83607A100 2,090 87,272 SH   SOLE   87,272 0 0
STONECASTLE FINANCIAL CORP COMMON 861780104 1,834 100,000 SH   SOLE   100,000 0 0
STONEGATE MTG CORP COM COMMON 86181Q300 2,838 844,527 SH   SOLE   844,527 0 0
TWO RIV BANCORP COM COMMON 90207C105 3,222 296,712 SH   SOLE   296,712 0 0
Westfield Financial Inc COMMON 96008P104 1,757 228,238 SH   SOLE   228,238 0 0
Willis Lease Finance Corp COMMON 970646105 396 17,794 SH   SOLE   17,794 0 0
ZIONS BANCORPORATION COM COMMON 989701107 8,343 332,000 SH   SOLE   332,000 0 0