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 CONSTITUTION BANCORP COM 31986N102 1,211 64,779 SH   SOLE   64,779 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 398 11,016 SH   SOLE   11,016 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 371 10,651 SH   SOLE   10,651 0 0
AMERICAN RIVER BANKSHARES COM 029326105 273 18,099 SH   SOLE   18,099 0 0
AMERISERV FINL INC COM 03074A102 2,461 665,112 SH   SOLE   665,112 0 0
ANCHOR BANCORP WA COM 032838104 1,660 61,032 SH   SOLE   61,032 0 0
ASTORIA FINL CORP COM 046265104 880 47,200 SH   SOLE   47,200 0 0
AUBURN NATL BANCORP COM 050473107 250 7,974 SH   SOLE   7,974 0 0
BANCFIRST CORP COM 05945F103 780 8,384 SH   SOLE   8,384 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 459 34,007 SH   SOLE   34,007 0 0
BANK COMM HLDGS COM 06424J103 899 94,658 SH   SOLE   94,658 0 0
BANK OF MARIN BANCORP COM 063425102 603 8,643 SH   SOLE   8,643 0 0
BANKUNITED INC COM 06652K103 843 22,354 SH   SOLE   22,354 0 0
BANKWELL FINL GROUP INC COM 06654A103 986 30,347 SH   SOLE   30,347 0 0
BANNER CORP COM NEW 06652V208 6,003 107,557 SH   SOLE   107,557 0 0
BAY BANCORP INC COM 07203T106 368 55,747 SH   SOLE   55,747 0 0
C & F FINL CORP COM 12466Q104 1,199 24,049 SH   SOLE   24,049 0 0
CAROLINA BK HLDGS INC GREENS COM 143785103 12,994 503,073 SH   SOLE   503,073 0 0
CASCADE BANCORP COM NEW 147154207 197 24,205 SH   SOLE   24,205 0 0
CENTRAL FED CORP COM NEW 15346Q202 564 322,401 SH   SOLE   322,401 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 2,479 124,206 SH   SOLE   124,206 0 0
CHARTER FINL CORP MD COM 16122W108 2,153 129,168 SH   SOLE   129,168 0 0
CHEMUNG FINL CORP COM 164024101 252 6,941 SH   SOLE   6,941 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 730 37,589 SH   SOLE   37,589 0 0
CNB FINL CORP PA COM 126128107 225 8,398 SH   SOLE   8,398 0 0
CODORUS VY BANCORP INC COM 192025104 587 20,533 SH   SOLE   20,533 0 0
COLONY BANKCORP INC COM 19623P101 147 11,147 SH   SOLE   11,147 0 0
COMMUNITY BANKERS TR CORP COM 203612106 407 56,078 SH   SOLE   56,078 0 0
COMMUNITY TR BANCORP INC COM 204149108 584 11,772 SH   SOLE   11,772 0 0
COMMUNITY WEST BANCSHARES COM 204157101 460 49,832 SH   SOLE   49,832 0 0
CU BANCORP CALIF COM 126534106 2,253 62,932 SH   SOLE   62,932 0 0
CUSTOMERS BANCORP INC COM 23204G100 3,997 111,590 SH   SOLE   111,590 0 0
DIME CMNTY BANCSHARES COM 253922108 5,871 289,424 SH   SOLE   289,424 0 0
EASTERN VA BANKSHARES INC COM 277196101 509 48,678 SH   SOLE   48,678 0 0
ENTEGRA FINL CORP COM 29363J108 522 25,325 SH   SOLE   25,325 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,467 39,067 SH   SOLE   39,067 0 0
EVERBANK FINL CORP COM 29977G102 1,183 60,812 SH   SOLE   60,812 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 3,407 143,937 SH   SOLE   143,937 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 632 26,648 SH   SOLE   26,648 0 0
FIRST FINL CORP IND COM 320218100 212 4,013 SH   SOLE   4,013 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 3,265 165,383 SH   SOLE   165,383 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,546 45,483 SH   SOLE   45,483 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,222 78,349 SH   SOLE   78,349 0 0
FIRST SOUTH BANCORP INC VA COM 33646W100 147 12,334 SH   SOLE   12,334 0 0
FIRST US BANCSHARES INC COM 33744V103 742 66,759 SH   SOLE   66,759 0 0
FLUSHING FINL CORP COM 343873105 500 17,020 SH   SOLE   17,020 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 3,225 77,057 SH   SOLE   77,057 0 0
FS BANCORP INC COM 30263Y104 1,340 37,280 SH   SOLE   37,280 0 0
GEORGETOWN BANCORP INC MD COM 372591107 1,321 51,103 SH   SOLE   51,103 0 0
GLEN BURNIE BANCORP COM 377407101 530 46,116 SH   SOLE   46,116 0 0
GREAT SOUTHN BANCORP INC COM 390905107 1,283 23,474 SH   SOLE   23,474 0 0
GREEN BANCORP INC COM 39260X100 6,056 398,414 SH   SOLE   398,414 0 0
HAMILTON BANCORP INC MD COM 407015106 839 58,856 SH   SOLE   58,856 0 0
HERITAGE COMMERCE CORP COM 426927109 1,472 102,029 SH   SOLE   102,029 0 0
HERITAGE FINL CORP WASH COM 42722X106 5,001 194,208 SH   SOLE   194,208 0 0
HERITAGE OAKS BANCORP COM 42724R107 2,096 169,994 SH   SOLE   169,994 0 0
HILLTOP HOLDINGS INC COM 432748101 3,139 105,320 SH   SOLE   105,320 0 0
HOME BANCORP INC COM 43689E107 997 25,817 SH   SOLE   25,817 0 0
HOMESTREET INC COM 43785V102 4,377 138,501 SH   SOLE   138,501 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 209 22,587 SH   SOLE   22,587 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,410 54,437 SH   SOLE   54,437 0 0
HOPE BANCORP INC COM 43940T109 2,903 132,635 SH   SOLE   132,635 0 0
HOWARD BANCORP INC COM 442496105 337 22,302 SH   SOLE   22,302 0 0
IBERIABANK CORP COM 450828108 5,298 63,264 SH   SOLE   63,264 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 6,026 147,691 SH   SOLE   147,691 0 0
MACKINAC FINL CORP COM 554571109 337 25,055 SH   SOLE   25,055 0 0
MERCHANTS BANCSHARES COM 588448100 13,924 256,908 SH   SOLE   256,908 0 0
MIDDLEBURG FINANCIAL CORP COM 596094102 5,459 157,094 SH   SOLE   157,094 0 0
NATIONAL BK HLDGS CORP CL A 633707104 5,680 178,108 SH   SOLE   178,108 0 0
NORTHEAST BANCORP COM NEW 663904209 1,959 149,575 SH   SOLE   149,575 0 0
NORWOOD FINANCIAL CORP COM 669549107 284 8,562 SH   SOLE   8,562 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 130 10,369 SH   SOLE   10,369 0 0
OPUS BK IRVINE CALIF COM 684000102 886 29,492 SH   SOLE   29,492 0 0
ORITANI FINL CORP DEL COM 68633D103 4,987 265,974 SH   SOLE   265,974 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 824 37,722 SH   SOLE   37,722 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 1,267 173,560 SH   SOLE   173,560 0 0
PACWEST BANCORP DEL COM 695263103 7 121,157 SH   SOLE   121,157 0 0
PARKE BANCORP INC COM 700885106 913 45,306 SH   SOLE   45,306 0 0
PEOPLES BANCORP INC COM 709789101 1,195 36,804 SH   SOLE   36,804 0 0
PEOPLES FINL CORP MISS COM 71103B102 794 49,185 SH   SOLE   49,185 0 0
PEOPLES UTAH BANCORP COM 712706209 1,367 50,920 SH   SOLE   50,920 0 0
PLUMAS BANCORP COM 729273102 596 31,362 SH   SOLE   31,362 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 3,522 67,179 SH   SOLE   67,179 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,722 85,678 SH   SOLE   85,678 0 0
RIVERVIEW BANCORP INC COM 769397100 189 27,015 SH   SOLE   27,015 0 0
SB FINL GROUP INC COM 78408D105 461 28,739 SH   SOLE   28,739 0 0
SELECT BANCORP INC NEW COM 81617L108 1,750 177,659 SH   SOLE   177,659 0 0
SHORE BANCSHARES INC COM 825107105 1,975 129,539 SH   SOLE   129,539 0 0
SIERRA BANCORP COM 82620P102 1,425 53,584 SH   SOLE   53,584 0 0
SOUND FINL BANCORP INC COM 83607A100 1,661 59,338 SH   SOLE   59,338 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 780 47,716 SH   SOLE   47,716 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 1,143 39,411 SH   SOLE   39,411 0 0
STATE BK FINL CORP COM 856190103 7,725 287,611 SH   SOLE   287,611 0 0
STEWARDSHIP FINL CORP COM 860326107 540 55,075 SH   SOLE   55,075 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 3,576 85,684 SH   SOLE   85,684 0 0
SUFFOLK BANCORP COM 864739107 3,147 73,502 SH   SOLE   73,502 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 981 65,399 SH   SOLE   65,399 0 0
TIMBERLAND BANCORP INC COM 887098101 1,397 67,628 SH   SOLE   67,628 0 0
TRICO BANCSHARES COM 896095106 1,430 41,838 SH   SOLE   41,838 0 0
TRUSTCO BK CORP N Y COM 898349105 1,481 169,296 SH   SOLE   169,296 0 0
UMPQUA HLDGS CORP COM 904214103 2,791 148,608 SH   SOLE   148,608 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,144 147,565 SH   SOLE   147,565 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 669 23,066 SH   SOLE   23,066 0 0
WATERSTONE FINL INC MD COM 94188P101 1,027 55,829 SH   SOLE   55,829 0 0
WAYNE SVGS BANCSHARES INC NE COM 94624Q101 195 11,827 SH   SOLE   11,827 0 0
WINTRUST FINL CORP COM 97650W108 2,481 34,193 SH   SOLE   34,193 0 0
WVS FINL CORP COM 929358109 960 65,162 SH   SOLE   65,162 0 0
XENITH BANKSHARES INC COM 98410X105 15,115 535,984 SH   SOLE   535,984 0 0
YADKIN FINL CORP COM 984305102 25,468 743,370 SH   SOLE   743,370 0 0