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
ALLIANCE BANCORP INC PA NEW COMMON 01890A108 678 44,000 SH   DFND   44,000 0 0
ANCHOR BANCORP WA COMMON 032838104 2,877 156,725 SH   DFND 1 156,725 0 0
ANCHOR BANCORP WA COMMON 032838104 1,744 95,000 SH   DFND   95,000 0 0
ASB BANCORP INC NC COMMON 00213T109 5,915 342,900 SH   DFND 1 342,900 0 0
ASB BANCORP INC NC COMMON 00213T109 1,725 100,000 SH   DFND   100,000 0 0
CHEVIOT FINL CORP NEW COMMON 16677X105 824 80,000 SH   DFND   80,000 0 0
CITIZENS CMNTY BANCORP INC MD COMMON 174903104 1,232 166,987 SH   DFND 1 166,987 0 0
CLIFTON SVGS BANCORP INC COMMON 18712Q103 134 10,480 SH   DFND   10,480 0 0
COLONIAL FINL SVCS INC COMMON 19566B101 3,985 299,596 SH   DFND 1 299,596 0 0
COLONIAL FINL SVCS INC COMMON 19566B101 798 60,000 SH   DFND   60,000 0 0
ESSA BANCORP INC COMMON 29667D104 405 35,000 SH   DFND   35,000 0 0
FEDFIRST FINL CORP NEW COMMON 31429C101 2,443 125,416 SH   DFND 1 125,416 0 0
FEDFIRST FINL CORP NEW COMMON 31429C101 1,893 97,199 SH   DFND   97,199 0 0
FIRST FINL NORTHWEST INC COMMON 32022K102 13,463 1,302,000 SH   DFND 1 1,302,000 0 0
FIRST FINL NORTHWEST INC COMMON 32022K102 270 26,100 SH   DFND   26,100 0 0
FIRST SVGS FINL GROUP INC COMMON 33621E109 457 20,000 SH   DFND   20,000 0 0
FRANKLIN FINL CORP VA COMMON 35353C102 1,551 80,000 SH   DFND   80,000 0 0
FS BANCORP INC COMMON 30263Y104 2,058 120,000 SH   DFND   120,000 0 0
GEORGETOWN BANCORP INC MD COMMON 372591107 1,034 65,000 SH   DFND 1 65,000 0 0
GEORGETOWN BANCORP INC MD COMMON 372591107 1,193 75,000 SH   DFND   75,000 0 0
HAMILTON BANCORP INC MD COMMON 407015106 3,308 233,101 SH   DFND 1 233,101 0 0
HAMILTON BANCORP INC MD COMMON 407015106 1,419 100,000 SH   DFND   100,000 0 0
HAMPDEN BANCORP INC COMMON 40867E107 327 20,000 SH   DFND   20,000 0 0
HOME FED BANCORP INC COMMON 43708L108 1,253 70,000 SH   DFND   70,000 0 0
HOMETRUST BANCSHARES INC COMMON 437872104 1,919 120,000 SH   DFND   120,000 0 0
HOPFED BANCORP INC COMMON 439734104 8,018 699,628 SH   DFND 1 699,628 0 0
IF BANCORP INC COMMON 44951J105 5,939 355,601 SH   DFND 1 355,601 0 0
IF BANCORP INC COMMON 44951J105 381 22,833 SH   DFND   22,833 0 0
JACKSONVILLE BANCORP INC MD COMMON 46924R106 1,947 98,335 SH   DFND 1 98,335 0 0
JACKSONVILLE BANCORP INC MD COMMON 46924R106 990 50,000 SH   DFND   50,000 0 0
JEFFERSON BANCSHARES INC TEN COMMON 472375104 2,943 462,078 SH   DFND 1 462,078 0 0
KINGSTONE COS INC COMMON 496719105 2,181 300,000 SH   DFND 1 300,000 0 0
KINGSWAY FINL SVCS INC COMMON 496904202 11,727 3,014,765 SH   DFND 1 3,014,765 0 0
LAKE SHORE BANCORP INC COMMON 510700107 861 70,248 SH   DFND   70,248 0 0
LAPORTE BANCORP INC MD COMMON 516651106 54 4,875 SH   DFND   4,875 0 0
MAGYAR BANCORP INC COMMON 55977T109 33 4,300 SH   DFND   4,300 0 0
MALVERN BANCORP INC COMMON 561409103 6,863 623,920 SH   DFND 1 623,920 0 0
MALVERN BANCORP INC COMMON 561409103 236 21,496 SH   DFND   21,496 0 0
METLIFE INC COMMON 59156R108 3 60 SH   DFND   60 0 0
MSB FINL CORP COMMON 55352P102 445 55,117 SH   DFND   55,117 0 0
NAUGATUCK VY FINL CORP MD COMMON 63906P107 3,536 495,891 SH   DFND 1 495,891 0 0
NAUGATUCK VY FINL CORP MD COMMON 63906P107 1,311 183,940 SH   DFND   183,940 0 0
NORTHEAST CMNTY BANCORP INC COMMON 664112109 7,189 1,002,600 SH   DFND 1 1,002,600 0 0
NORTHEAST CMNTY BANCORP INC COMMON 664112109 1,793 250,000 SH   DFND   250,000 0 0
OCONEE FED FINL CORP COMMON 675607105 1,903 108,120 SH   DFND   108,120 0 0
ONEIDA FINL CORP MD COMMON 682479100 317 25,000 SH   DFND   25,000 0 0
PEOPLES BANCORP N C INC COMMON 710577107 121 8,554 SH   DFND 1 8,554 0 0
POAGE BANKSHARES INC COMMON 730206109 4,324 303,471 SH   DFND 1 303,471 0 0
POAGE BANKSHARES INC COMMON 730206109 214 15,000 SH   DFND   15,000 0 0
POLONIA BANCORP INC MD COMMON 73158Q109 1,596 161,379 SH   DFND 1 161,379 0 0
POLONIA BANCORP INC MD COMMON 73158Q109 1,484 150,000 SH   DFND   150,000 0 0
PRINCIPAL FINL GROUP INC COMMON 74251V102 27 547 SH   DFND   547 0 0
PROVIDENT FINL HLDGS INC COMMON 743868101 9,959 669,996 SH   DFND 1 669,996 0 0
PRUDENTIAL BANCORP INC NEW COMMON 74431A101 2,168 200,926 SH   DFND   200,926 0 0
PSB HLDGS INC COMMON 69360W108 330 51,786 SH   DFND   51,786 0 0
SHORE BANCSHARES INC COMMON 825107105 3 300 SH   DFND 1 300 0 0
SIMPLICITY BANCORP COMMON 828867101 1,598 98,908 SH   DFND   98,908 0 0
SOUND FINL BANCORP INC COMMON 83607A100 1,605 95,000 SH   DFND 1 95,000 0 0
SOUND FINL BANCORP INC COMMON 83607A100 2,587 153,083 SH   DFND   153,083 0 0
SP BANCORP INC COMMON 78468K106 2,127 108,390 SH   DFND 1 108,390 0 0
SP BANCORP INC COMMON 78468K106 785 40,000 SH   DFND   40,000 0 0
TF FINL CORP COMMON 872391107 4,722 167,447 SH   DFND 1 167,447 0 0
UNITED CMNTY BANCORP IND COMMON 90984R101 3,363 307,099 SH   DFND 1 307,099 0 0
UNITED CMNTY BANCORP IND COMMON 90984R101 1,916 175,000 SH   DFND   175,000 0 0
WATERSTONE FINL INC COMMON 941888109 1,056 95,438 SH   DFND 1 95,438 0 0
WATERSTONE FINL INC COMMON 941888109 2,602 235,259 SH   DFND   235,259 0 0
WAYNE SVGS BANCSHARES INC NE COMMON 94624Q101 2,634 241,906 SH   DFND 1 241,906 0 0
WAYNE SVGS BANCSHARES INC NE COMMON 94624Q101 288 26,416 SH   DFND   26,416 0 0
WELLESLEY BANCORP INC COMMON 949485106 1,466 75,000 SH   DFND   75,000 0 0
WESTBURY BANCORP INC COMMON 95727P106 876 62,800 SH   DFND 1 62,800 0 0
WESTBURY BANCORP INC COMMON 95727P106 1,255 89,950 SH   DFND   89,950 0 0
WOLVERINE BANCORP INC COMMON 977880103 3,225 151,447 SH   DFND 1 151,447 0 0
WOLVERINE BANCORP INC COMMON 977880103 1,384 65,000 SH   DFND   65,000 0 0
WVS FINL CORP COMMON 929358109 373 30,470 SH   DFND 1 30,470 0 0