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
1347 PPTY INS HLDGS INC Common 68244P107 1,270 156,800 SH   DFND   156,800 0 0
ANCHOR BANCORP WA Common 032838104 6,136 236,466 SH   DFND   236,466 0 0
BANCORP 34 INC Common 05970V106 1,899 149,181 SH   DFND   149,181 0 0
COASTWAY BANCORP INC Common 190632109 352 20,000 SH   DFND   20,000 0 0
DIREXION SHS ETF TR DLY FIN BULL NEW 25459Y694 56 10,000 SH Put DFND   10,000 0 0
ENTEGRA FINL CORP Common 29363J108 946 40,000 SH   DFND   40,000 0 0
EQUITABLE FINL CORP NEW Common 29448T105 4 436 SH   DFND   436 0 0
ESSA BANCORP INC Common 29667D104 365 25,000 SH   DFND   25,000 0 0
FIRST NORTHWEST BANCORP Common 335834107 310 20,000 SH   DFND   20,000 0 0
FIRST SAVINGS FINL GROUP INC Common 33621E109 974 20,000 SH   DFND   20,000 0 0
FS BANCORP INC Common 30263Y104 4,480 120,000 SH   DFND   120,000 0 0
FSB BANCORP INC Common 30289C102 1,338 91,635 SH   DFND   91,635 0 0
GREAT ELM CAP GROUP INC Common 39036P209 1,668 505,468 SH   DFND   505,468 0 0
HAMILTON BANCORP INC MD Common 407015106 4,837 315,101 SH   DFND   315,101 0 0
HOME FED BANCORP INC LA NEW Common 43708L108 2,023 70,000 SH   DFND   70,000 0 0
HOPFED BANCORP INC Common 439734104 9,121 637,128 SH   DFND   637,128 0 0
HV BANCORP INC Common 40441H105 422 30,000 SH   DFND   30,000 0 0
ICC HLDGS INC Common 44931Q104 411 25,000 SH   DFND   25,000 0 0
IF BANCORP INC Common 44951J105 7,240 363,811 SH   DFND   363,811 0 0
JACKSONVILLE BANCORP INC MD Common 46924R106 4,827 154,200 SH   DFND   154,200 0 0
KINGSWAY FINL SVCS INC Common 496904202 21,357 3,682,246 SH   DFND   3,682,246 0 0
LAKE SHORE BANCORP INC Common 510700107 4,460 286,364 SH   DFND   286,364 0 0
MAGYAR BANCORP INC Common 55977T109 97 7,497 SH   DFND   7,497 0 0
MALVERN BANCORP INC Common 561409103 3,763 178,728 SH   DFND   178,728 0 0
MELROSE BANCORP INC Common 585553100 506 30,000 SH   DFND   30,000 0 0
METLIFE INC Common 59156R108 3 60 SH   DFND   60 0 0
NI HLDGS INC Common 65342T106 2,200 147,364 SH   DFND   147,364 0 0
NICHOLAS FINANCIAL INC Common 65373J209 11 1,000 SH   DFND   1,000 0 0
OCONEE FED FINL CORP Common 675607105 2,358 96,000 SH   DFND   96,000 0 0
OFG BANCORP Common 67103X102 14,774 1,252,001 SH   DFND   1,252,001 0 0
OTTAWA BANCORP INC Common 689195105 673 51,208 SH   DFND   51,208 0 0
PB BANCORP INC Common 70454T100 1,023 100,268 SH   DFND   100,268 0 0
POAGE BANKSHARES INC Common 730206109 7,070 362,554 SH   DFND   362,554 0 0
POPULAR INC Common 733174700 815 20,000 SH   DFND   20,000 0 0
PRINCIPAL FINL GROUP INC Common 74251V102 35 547 SH   DFND   547 0 0
PROVIDENT FINL HLDGS INC Common 743868101 11,288 605,240 SH   DFND   605,240 0 0
PRUDENTIAL BANCORP INC NEW Common 74431A101 660 37,002 SH   DFND   37,002 0 0
SOUND FINL BANCORP INC Common 83607A100 7,608 239,683 SH   DFND   239,683 0 0
WAYNE SVGS BANCSHARES INC NE Common 94624Q101 4,803 269,853 SH   DFND   269,853 0 0
WCF BANCORP INC Common 92940L103 341 33,957 SH   DFND   33,957 0 0
WELLESLEY BANCORP INC Common 949485106 1,388 52,775 SH   DFND   52,775 0 0
WOLVERINE BANCORP INC Common 977880103 6,588 202,212 SH   DFND   202,212 0 0