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 1,452 82,254 SH   SOLE   82,254 0 0
ACCESS NATL CORP COM 004337101 1,055 39,797 SH   SOLE   39,797 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 544 14,204 SH   SOLE   14,204 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 357 9,651 SH   SOLE   9,651 0 0
AMERICAN RIVER BANKSHARES COM 029326105 265 18,231 SH   SOLE   18,231 0 0
AMERISERV FINL INC COM 03074A102 2,719 655,163 SH   SOLE   655,163 0 0
ANCHOR BANCORP WA COM 032838104 6,232 248,772 SH   SOLE   248,772 0 0
ASB BANCORP INC N C COM 00213T109 7,575 172,350 SH   SOLE   172,350 0 0
AUBURN NATL BANCORP COM 050473107 290 7,860 SH   SOLE   7,860 0 0
BANCFIRST CORP COM 05945F103 913 9,456 SH   SOLE   9,456 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 504 30,093 SH   SOLE   30,093 0 0
BANK COMM HLDGS COM 06424J103 1,035 93,633 SH   SOLE   93,633 0 0
BANK OF MARIN BANCORP COM 063425102 598 9,720 SH   SOLE   9,720 0 0
BANKUNITED INC COM 06652K103 6,320 187,473 SH   SOLE   187,473 0 0
BANKWELL FINL GROUP INC COM 06654A103 932 29,845 SH   SOLE   29,845 0 0
BANNER CORP COM NEW 06652V208 6,156 108,941 SH   SOLE   108,941 0 0
BAY BANCORP INC COM 07203T106 441 58,091 SH   SOLE   58,091 0 0
C & F FINL CORP COM 12466Q104 1,569 33,450 SH   SOLE   33,450 0 0
CENTRAL FED CORP COM NEW 15346Q202 647 311,047 SH   SOLE   311,047 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 2,674 120,651 SH   SOLE   120,651 0 0
CHARTER FINL CORP MD COM 16122W108 2,891 160,600 SH   SOLE   160,600 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,092 52,318 SH   SOLE   52,318 0 0
CNB FINL CORP PA COM 126128107 205 8,567 SH   SOLE   8,567 0 0
CODORUS VY BANCORP INC COM 192025104 650 22,897 SH   SOLE   22,897 0 0
COLONY BANKCORP INC COM 19623P101 140 10,247 SH   SOLE   10,247 0 0
COMMUNITY BANKERS TR CORP COM 203612106 456 55,219 SH   SOLE   55,219 0 0
COMMUNITY TR BANCORP INC COM 204149108 565 12,909 SH   SOLE   12,909 0 0
COMMUNITY WEST BANCSHARES COM 204157101 609 60,274 SH   SOLE   60,274 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 354 15,700 SH   SOLE   15,700 0 0
CU BANCORP CALIF COM 126534106 11,510 318,397 SH   SOLE   318,397 0 0
CUSTOMERS BANCORP INC COM 23204G100 5,123 181,151 SH   SOLE   181,151 0 0
DIME CMNTY BANCSHARES COM 253922108 5,845 298,219 SH   SOLE   298,219 0 0
EAGLE BANCORP MONT INC COM 26942G100 396 21,851 SH   SOLE   21,851 0 0
ENTEGRA FINL CORP COM 29363J108 597 26,239 SH   SOLE   26,239 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,165 32,773 SH   SOLE   32,773 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 4,616 201,907 SH   SOLE   201,907 0 0
FIFTH THIRD BANCORP COM 316773100 308 11,880 SH   SOLE   11,880 0 0
FINANCIAL INSTNS INC COM 317585404 846 28,378 SH   SOLE   28,378 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 831 36,000 SH   SOLE   36,000 0 0
FIRST CMNTY FINL PARTNERS IN COM 31985Q106 843 65,350 SH   SOLE   65,350 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 574 10,887 SH   SOLE   10,887 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,705 167,698 SH   SOLE   167,698 0 0
FIRST FINL CORP IND COM 320218100 252 5,326 SH   SOLE   5,326 0 0
FIRST FNDTN INC COM 32026V104 250 15,229 SH   SOLE   15,229 0 0
FIRST GTY BANCSHARES INC COM 32043P106 230 8,454 SH   SOLE   8,454 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 690 18,544 SH   SOLE   18,544 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,571 45,880 SH   SOLE   45,880 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,220 77,355 SH   SOLE   77,355 0 0
FIRST SOUTH BANCORP INC VA COM 33646W100 296 17,913 SH   SOLE   17,913 0 0
FIRST US BANCSHARES INC COM 33744V103 867 77,243 SH   SOLE   77,243 0 0
FLUSHING FINL CORP COM 343873105 472 16,757 SH   SOLE   16,757 0 0
FNB CORP PA COM 302520101 2,217 156,591 SH   SOLE   156,591 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 4,518 109,536 SH   SOLE   109,536 0 0
FS BANCORP INC COM 30263Y104 1,853 42,343 SH   SOLE   42,343 0 0
GLEN BURNIE BANCORP COM 377407101 485 46,116 SH   SOLE   46,116 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,011 37,592 SH   SOLE   37,592 0 0
GREEN BANCORP INC COM 39260X100 7,869 405,612 SH   SOLE   405,612 0 0
HAMILTON BANCORP INC MD COM 407015106 1,245 83,016 SH   SOLE   83,016 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,826 38,767 SH   SOLE   38,767 0 0
HERITAGE COMMERCE CORP COM 426927109 1,620 117,529 SH   SOLE   117,529 0 0
HERITAGE FINL CORP WASH COM 42722X106 4,995 188,483 SH   SOLE   188,483 0 0
HILLTOP HOLDINGS INC COM 432748101 7,594 289,747 SH   SOLE   289,747 0 0
HMN FINL INC COM 40424G108 209 11,925 SH   SOLE   11,925 0 0
HOME BANCORP INC COM 43689E107 1,043 24,519 SH   SOLE   24,519 0 0
HOMESTREET INC COM 43785V102 4,668 168,667 SH   SOLE   168,667 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 238 22,104 SH   SOLE   22,104 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,324 54,277 SH   SOLE   54,277 0 0
HOPE BANCORP INC COM 43940T109 3,951 211,856 SH   SOLE   211,856 0 0
HOWARD BANCORP INC COM 442496105 617 32,072 SH   SOLE   32,072 0 0
IBERIABANK CORP COM 450828108 5,946 72,956 SH   SOLE   72,956 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 9,628 274,702 SH   SOLE   274,702 0 0
MACKINAC FINL CORP COM 554571109 370 26,448 SH   SOLE   26,448 0 0
NATIONAL BK HLDGS CORP CL A 633707104 3,162 95,501 SH   SOLE   95,501 0 0
NICOLET BANKSHARES INC COM 65406E102 810 14,804 SH   SOLE   14,804 0 0
NORTHEAST BANCORP COM NEW 663904209 4,358 214,144 SH   SOLE   214,144 0 0
NORTHERN TR CORP COM 665859104 1,273 13,100 SH   SOLE   13,100 0 0
NORWOOD FINANCIAL CORP COM 669549107 349 8,270 SH   SOLE   8,270 0 0
OPUS BK IRVINE CALIF COM 684000102 2,062 85,186 SH   SOLE   85,186 0 0
ORITANI FINL CORP DEL COM 68633D103 6,085 356,918 SH   SOLE   356,918 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 11,779 461,024 SH   SOLE   461,024 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 1,510 171,537 SH   SOLE   171,537 0 0
PACIFIC PREMIER BANCORP COM 69478X105 2,418 65,535 SH   SOLE   65,535 0 0
PARKE BANCORP INC COM 700885106 1,453 64,871 SH   SOLE   64,871 0 0
PEOPLES BANCORP INC COM 709789101 1,202 37,404 SH   SOLE   37,404 0 0
PEOPLES FINL CORP MISS COM 71103B102 646 47,012 SH   SOLE   47,012 0 0
PEOPLES UTAH BANCORP COM 712706209 1,439 53,683 SH   SOLE   53,683 0 0
PLUMAS BANCORP COM 729273102 889 41,714 SH   SOLE   41,714 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 3,780 70,702 SH   SOLE   70,702 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,982 96,179 SH   SOLE   96,179 0 0
RIVERVIEW BANCORP INC COM 769397100 383 57,739 SH   SOLE   57,739 0 0
ROYAL BANCSHARES PA INC CL A 780081105 450 106,339 SH   SOLE   106,339 0 0
SB FINL GROUP INC COM 78408D105 648 38,407 SH   SOLE   38,407 0 0
SELECT BANCORP INC NEW COM 81617L108 2,107 172,410 SH   SOLE   172,410 0 0
SHORE BANCSHARES INC COM 825107105 2,231 135,649 SH   SOLE   135,649 0 0
SIERRA BANCORP COM 82620P102 1,438 58,573 SH   SOLE   58,573 0 0
SOUND FINL BANCORP INC COM 83607A100 1,783 58,465 SH   SOLE   58,465 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,407 79,956 SH   SOLE   79,956 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 1,712 66,996 SH   SOLE   66,996 0 0
STATE BK FINL CORP COM 856190103 7,606 280,452 SH   SOLE   280,452 0 0
STEWARDSHIP FINL CORP COM 860326107 553 58,879 SH   SOLE   58,879 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 32,081 694,684 SH   SOLE   694,684 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 2,494 113,368 SH   SOLE   113,368 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,671 128,547 SH   SOLE   128,547 0 0
TIMBERLAND BANCORP INC COM 887098101 1,801 71,269 SH   SOLE   71,269 0 0
TRICO BANCSHARES COM 896095106 1,915 54,484 SH   SOLE   54,484 0 0
TRUSTCO BK CORP N Y COM 898349105 1,626 209,782 SH   SOLE   209,782 0 0
UMPQUA HLDGS CORP COM 904214103 3,181 173,237 SH   SOLE   173,237 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,459 157,723 SH   SOLE   157,723 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 8,171 236,640 SH   SOLE   236,640 0 0
WATERSTONE FINL INC MD COM 94188P101 2,132 113,082 SH   SOLE   113,082 0 0
WAYNE SVGS BANCSHARES INC NE COM 94624Q101 205 11,690 SH   SOLE   11,690 0 0
WINTRUST FINL CORP COM 97650W108 4,134 54,076 SH   SOLE   54,076 0 0
WOLVERINE BANCORP INC COM 977880103 874 21,789 SH   SOLE   21,789 0 0
WVS FINL CORP COM 929358109 1,034 64,231 SH   SOLE   64,231 0 0
XENITH BANKSHARES INC NEW COM NEW 984102202 16,948 545,663 SH   SOLE   545,663 0 0