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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ATLANTIC COAST FINL CORP COM 048426100 9,073 1,517,000 SH   SOLE   1,517,000 0 0
BANK MUTUAL CORP NEW COM 063750103 2,563 334,000 SH   SOLE   334,000 0 0
BENEFICIAL BANCORP INC COM 08171T102 1,723 135,000 SH   SOLE   135,000 0 0
BNC BANCORP COM 05566T101 23,434 1,032,000 SH   SOLE   1,032,000 0 0
BRIDGE BANCORP INC COM 108035106 15,516 546,000 SH   SOLE   546,000 0 0
BSB BANCORP INC MD COM 05573H108 4,201 185,000 SH   SOLE   185,000 0 0
CARDINAL FINL CORP COM 14149F109 10,747 490,000 SH   SOLE   490,000 0 0
CAROLINA BK HLDGS INC GREENS COM 143785103 3,899 223,000 SH   SOLE   223,000 0 0
CASCADE BANCORP COM NEW 147154207 405 73,000 SH   SOLE   73,000 0 0
CB FINL SVCS INC COM 12479G101 1,787 84,000 SH   SOLE   84,000 0 0
CENTERSTATE BANKS INC COM 15201P109 1,002 64,000 SH   SOLE   64,000 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 11,082 637,000 SH   SOLE   637,000 0 0
CHARTER FINL CORP MD COM 16122W108 2,631 198,000 SH   SOLE   198,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 2,675 258,000 SH   SOLE   258,000 0 0
COASTWAY BANCORP INC COM 190632109 870 70,000 SH   SOLE   70,000 0 0
CODORUS VY BANCORP INC COM 192025104 2,629 129,000 SH   SOLE   129,000 0 0
COMMERCE UN BANCSHARES INC COM 200828101 620 40,000 SH   SOLE   40,000 0 0
COMMUNITY FINL CORP MD COM 20368X101 2,398 108,000 SH   SOLE   108,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 3,754 239,000 SH   SOLE   239,000 0 0
EASTERN VA BANKSHARES INC COM 277196101 3,482 461,000 SH   SOLE   461,000 0 0
ELLINGTON RESIDENTIAL MTG RE COM SHS BEN INT 288578107 266 20,000 SH   SOLE   20,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 4,499 203,000 SH   SOLE   203,000 0 0
FCB FINL HLDGS INC CL A 30255G103 850 25,000 SH   SOLE   25,000 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 7,218 1,040,000 SH   SOLE   1,040,000 0 0
FIRST CMNTY CORP S C COM 319835104 4,534 324,000 SH   SOLE   324,000 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,747 110,000 SH   SOLE   110,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 4,273 124,000 SH   SOLE   124,000 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 9,720 478,000 SH   SOLE   478,000 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 8,155 260,000 SH   SOLE   260,000 0 0
FS BANCORP INC COM 30263Y104 1,673 66,000 SH   SOLE   66,000 0 0
FULL CIRCLE CAP CORP COM 359671104 29 11,000 SH   SOLE   11,000 0 0
GEORGETOWN BANCORP INC MD COM 372591107 1,776 87,000 SH   SOLE   87,000 0 0
GREAT WESTN BANCORP INC COM 391416104 594 19,000 SH   SOLE   19,000 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 7,065 423,000 SH   SOLE   423,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 4,882 306,000 SH   SOLE   306,000 0 0
HOME BANCORP INC COM 43689E107 17,725 645,000 SH   SOLE   645,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 2,606 121,000 SH   SOLE   121,000 0 0
HOMESTREET INC COM 43785V102 837 42,000 SH   SOLE   42,000 0 0
HOMETRUST BANCSHARES INC COM 437872104 7,344 397,000 SH   SOLE   397,000 0 0
HOPFED BANCORP INC COM 439734104 712 61,000 SH   SOLE   61,000 0 0
HOWARD BANCORP INC COM 442496105 410 32,000 SH   SOLE   32,000 0 0
IBERIABANK CORP COM 450828108 13,539 227,000 SH   SOLE   227,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 6,043 416,000 SH   SOLE   416,000 0 0
INVESTAR HLDG CORP COM 46134L105 7,180 467,000 SH   SOLE   467,000 0 0
INVESTORS BANCORP INC NEW COM 46146L101 66,618 6,012,000 SH   SOLE   6,012,000 0 0
JACKSONVILLE BANCORP INC MD COM 46924R106 242 8,000 SH   SOLE   8,000 0 0
LAKELAND BANCORP INC COM 511637100 1,097 96,000 SH   SOLE   96,000 0 0
LAPORTE BANCORP INC MD COM 516651106 1,012 62,000 SH   SOLE   62,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 882 40,000 SH   SOLE   40,000 0 0
MALVERN BANCORP INC COM 561409103 4,731 303,000 SH   SOLE   303,000 0 0
MUTUALFIRST FINL INC COM 62845B104 7,034 257,000 SH   SOLE   257,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 13,325 654,000 SH   SOLE   654,000 0 0
NATIONAL GEN HLDGS CORP COM 636220303 9,707 453,000 SH   SOLE   453,000 0 0
NMI HLDGS INC CL A 629209305 3,083 563,000 SH   SOLE   563,000 0 0
OCEANFIRST FINL CORP COM 675234108 4,698 259,000 SH   SOLE   259,000 0 0
OLD LINE BANCSHARES INC COM 67984M100 10,582 588,000 SH   SOLE   588,000 0 0
OLD NATL BANCORP IND COM 680033107 20,450 1,632,000 SH   SOLE   1,632,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 1,195 175,000 SH   SOLE   175,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 17,582 733,000 SH   SOLE   733,000 0 0
PARK STERLING CORP COM 70086Y105 2,769 391,000 SH   SOLE   391,000 0 0
PEOPLES UTAH BANCORP COM 712706209 1,245 75,000 SH   SOLE   75,000 0 0
POAGE BANKSHARES INC COM 730206109 273 16,000 SH   SOLE   16,000 0 0
PROVIDENT BANCORP INC COM 74383X109 925 60,000 SH   SOLE   60,000 0 0
QCR HOLDINGS INC COM 74727A104 3,844 141,000 SH   SOLE   141,000 0 0
ROYAL BANCSHARES PA INC CL A 780081105 2,467 1,092,000 SH   SOLE   1,092,000 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 11,202 690,000 SH   SOLE   690,000 0 0
SHORE BANCSHARES INC COM 825107105 7,277 619,000 SH   SOLE   619,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 9,625 409,000 SH   SOLE   409,000 0 0
STATE NATL COS INC COM 85711T305 5,465 519,000 SH   SOLE   519,000 0 0
SUN BANCORP INC COM NEW 86663B201 22,275 1,078,000 SH   SOLE   1,078,000 0 0
UNITED CMNTY BANCORP IND COM 90984R101 281 20,000 SH   SOLE   20,000 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 378 21,000 SH   SOLE   21,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 8,545 1,405,000 SH   SOLE   1,405,000 0 0
UNITED FINL BANCORP INC NEW COM 910304104 646 50,000 SH   SOLE   50,000 0 0
UNIVEST CORP PA COM 915271100 3,018 144,000 SH   SOLE   144,000 0 0
VERITEX HLDGS INC COM 923451108 10,174 635,000 SH   SOLE   635,000 0 0
WELLESLEY BANCORP INC COM 949485106 1,030 51,000 SH   SOLE   51,000 0 0
WESTBURY BANCORP INC COM 95727P106 6,002 308,000 SH   SOLE   308,000 0 0
YADKIN FINL CORP COM 984305102 24,267 967,000 SH   SOLE   967,000 0 0
ZIONS BANCORPORATION COM 989701107 1,344 54,000 SH   SOLE   54,000 0 0