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 4,391 414,982 SH   SOLE   414,982 0 0
AMERISERV FINL INC COM COMMON 03074A102 2,048 640,151 SH   SOLE   640,151 0 0
BankFinancial Corp COMMON 06643P104 1,806 143,029 SH   SOLE   143,029 0 0
BCB BANCORP INC COM COMMON 055298103 406 39,041 SH   SOLE   39,041 0 0
Beneficial Mutual Bancorp Inc COMMON 08171T102 2,088 156,771 SH   SOLE   156,771 0 0
California First National Bancorp COMMON 130222102 4,913 371,644 SH   SOLE   371,644 0 0
CB FINL SVCS INC COM COMMON 12479G101 859 37,486 SH   SOLE   37,486 0 0
CENTURY BANCORP INC MASS CL A NON VTG COMMON 156432106 1,636 37,645 SH   SOLE   37,645 0 0
CHEMUNG FINL CORP COM COMMON 164024101 618 22,474 SH   SOLE   22,474 0 0
Comerica Inc COMMON 200340107 6,103 145,900 SH   SOLE   145,900 0 0
DNB FINL CORP COM COMMON 233237106 2,367 80,240 SH   SOLE   80,240 0 0
First Financial Northwest Inc COMMON 32022K102 581 41,604 SH   SOLE   41,604 0 0
FIRST FNDTN INC COM COMMON 32026V104 3,390 143,724 SH   SOLE   143,724 0 0
First Niagara Financial Group Inc COMMON 33582V108 6,353 585,500 SH   SOLE   585,500 0 0
FIRST UTD CORP COM COMMON 33741H107 4,822 412,175 SH   SOLE   412,175 0 0
Fox Chase Bancorp Inc COMMON 35137T108 1,728 85,189 SH   SOLE   85,189 0 0
GEORGETOWN BANCORP INC COMMON 372591107 313 16,518 SH   SOLE   16,518 0 0
HF Financial Corp COMMON 404172108 5,568 294,774 SH   SOLE   294,774 0 0
HMN Financial Inc COMMON 40424G108 705 61,075 SH   SOLE   61,075 0 0
HopFed Bancorp Inc COMMON 439734104 966 80,509 SH   SOLE   80,509 0 0
MAGYAR BANCORP INC COM COMMON 55977T109 1,334 135,459 SH   SOLE   135,459 0 0
MALVERN BANCORP INC COM COMMON 561409103 2,302 131,095 SH   SOLE   131,095 0 0
Middleburg Financial Corp COMMON 596094102 2,223 120,299 SH   SOLE   120,299 0 0
OCEAN SHORE HLDG CO NEW COM COMMON 67501R103 7,436 433,609 SH   SOLE   433,609 0 0
PEOPLES FINL CORP MISS COM COMMON 71103B102 1,711 190,087 SH   SOLE   190,087 0 0
PEOPLES UTAH BANCORP COM COMMON 712706209 8,432 489,922 SH   SOLE   489,922 0 0
PROVIDENT BANCORP INC COM COMMON 74383X109 344 26,452 SH   SOLE   26,452 0 0
PROVIDENT FINL HLDGS INC COM COMMON 743868101 952 50,380 SH   SOLE   50,380 0 0
PSB Holdings PSB Holdings, Inc. COMMON 69360W108 1,453 143,190 SH   SOLE   143,190 0 0
REPUBLIC FIRST BANCORP INC COM COMMON 760416107 1,086 250,701 SH   SOLE   250,701 0 0
RIVER VY BANCORP COM COMMON 768475105 3,009 84,857 SH   SOLE   84,857 0 0
SOUND FINL BANCORP INC COM COMMON 83607A100 1,083 47,836 SH   SOLE   47,836 0 0
STONEGATE MTG CORP COM COMMON 86181Q300 2,255 413,822 SH   SOLE   413,822 0 0
TWO RIV BANCORP COM COMMON 90207C105 3,387 340,401 SH   SOLE   340,401 0 0
Westfield Financial Inc COMMON 96008P104 699 83,229 SH   SOLE   83,229 0 0
Willis Lease Finance Corp COMMON 970646105 9,316 463,478 SH   SOLE   463,478 0 0
ZIONS BANCORPORATION COM COMMON 989701107 1,775 65,000 SH   SOLE   65,000 0 0