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 1,465 80,715 SH   SOLE   80,715 0 0
ACCESS NATL CORP COM 004337101 1,168 40,762 SH   SOLE   40,762 0 0
ACNB CORP COM 000868109 424 15,315 SH   SOLE   15,315 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 523 14,204 SH   SOLE   14,204 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 398 9,651 SH   SOLE   9,651 0 0
AMERICAN RIVER BANKSHARES COM 029326105 308 22,236 SH   SOLE   22,236 0 0
AMERISERV FINL INC COM 03074A102 2,618 654,429 SH   SOLE   654,429 0 0
ANCHOR BANCORP WA COM 032838104 6,172 249,382 SH   SOLE   249,382 0 0
ASB BANCORP INC N C COM 00213T109 8,266 183,279 SH   SOLE   183,279 0 0
AUBURN NATL BANCORP COM 050473107 275 7,860 SH   SOLE   7,860 0 0
BANCFIRST CORP COM 05945F103 1,017 17,912 SH   SOLE   17,912 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 568 31,297 SH   SOLE   31,297 0 0
BANK COMM HLDGS COM 06424J103 1,080 93,946 SH   SOLE   93,946 0 0
BANK MUTUAL CORP NEW COM 063750103 115 11,300 SH   SOLE   11,300 0 0
BANK PRINCETON NEW JERSEY COM 064520109 718 22,430 SH   SOLE   22,430 0 0
BANKUNITED INC COM 06652K103 10,159 285,595 SH   SOLE   285,595 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,102 29,845 SH   SOLE   29,845 0 0
BANNER CORP COM NEW 06652V208 6,676 108,941 SH   SOLE   108,941 0 0
BAY BANCORP INC COM 07203T106 4,410 388,561 SH   SOLE   388,561 0 0
C & F FINL CORP COM 12466Q104 1,857 33,763 SH   SOLE   33,763 0 0
CENTRAL FED CORP COM NEW 15346Q202 748 309,257 SH   SOLE   309,257 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 2,698 120,995 SH   SOLE   120,995 0 0
CHARTER FINL CORP MD COM 16122W108 3,050 164,575 SH   SOLE   164,575 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,282 57,380 SH   SOLE   57,380 0 0
CNB FINL CORP PA COM 126128107 201 7,367 SH   SOLE   7,367 0 0
CODORUS VY BANCORP INC COM 192025104 745 24,262 SH   SOLE   24,262 0 0
COLONY BANKCORP INC COM 19623P101 148 10,747 SH   SOLE   10,747 0 0
COMMUNITY BANKERS TR CORP COM 203612106 508 55,219 SH   SOLE   55,219 0 0
COMMUNITY TR BANCORP INC COM 204149108 616 13,243 SH   SOLE   13,243 0 0
COMMUNITY WEST BANCSHARES COM 204157101 607 58,339 SH   SOLE   58,339 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 360 14,630 SH   SOLE   14,630 0 0
CU BANCORP CALIF COM 126534106 12,357 318,697 SH   SOLE   318,367 0 0
CUSTOMERS BANCORP INC COM 23204G100 5,899 180,851 SH   SOLE   180,851 0 0
DIME CMNTY BANCSHARES COM 253922108 6,415 298,219 SH   SOLE   298,219 0 0
EAGLE BANCORP MONT INC COM 26942G100 409 22,093 SH   SOLE   22,093 0 0
ENTEGRA FINL CORP COM 29363J108 655 26,239 SH   SOLE   26,239 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,190 32,773 SH   SOLE   32,773 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 4,805 203,274 SH   SOLE   203,274 0 0
FIFTH THIRD BANCORP COM 316773100 483 17,245 SH   SOLE   17,245 0 0
FINANCIAL INSTNS INC COM 317585404 1,367 47,458 SH   SOLE   47,458 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 898 39,477 SH   SOLE   39,477 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 571 10,887 SH   SOLE   10,887 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,924 172,098 SH   SOLE   172,098 0 0
FIRST FINL CORP IND COM 320218100 361 7,577 SH   SOLE   7,577 0 0
FIRST GTY BANCSHARES INC COM 32043P106 388 14,384 SH   SOLE   14,384 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 991 25,903 SH   SOLE   25,903 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,773 46,180 SH   SOLE   46,180 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,323 77,355 SH   SOLE   77,355 0 0
FIRST SOUTH BANCORP INC VA COM 33646W100 2,441 131,742 SH   SOLE   131,742 0 0
FIRST US BANCSHARES INC COM 33744V103 900 78,280 SH   SOLE   78,280 0 0
FLUSHING FINL CORP COM 343873105 507 17,057 SH   SOLE   17,057 0 0
FNB CORP PA COM 302520101 2,463 175,581 SH   SOLE   175,581 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 5,613 157,448 SH   SOLE   157,448 0 0
FS BANCORP INC COM 30263Y104 2,268 43,915 SH   SOLE   43,915 0 0
GLEN BURNIE BANCORP COM 377407101 505 46,116 SH   SOLE   46,116 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,114 37,991 SH   SOLE   37,991 0 0
GREEN BANCORP INC COM 39260X100 5,934 250,909 SH   SOLE   250,909 0 0
HAMILTON BANCORP INC MD COM 407015106 1,309 89,066 SH   SOLE   89,066 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,920 38,866 SH   SOLE   38,866 0 0
HERITAGE COMMERCE CORP COM 426927109 1,676 117,772 SH   SOLE   117,772 0 0
HERITAGE FINL CORP WASH COM 42722X106 331 11,209 SH   SOLE   11,209 0 0
HILLTOP HOLDINGS INC COM 432748101 9,451 363,486 SH   SOLE   363,486 0 0
HMN FINL INC COM 40424G108 218 12,225 SH   SOLE   12,225 0 0
HOME BANCORP INC COM 43689E107 1,025 24,519 SH   SOLE   24,519 0 0
HOMESTREET INC COM 43785V102 5,262 194,876 SH   SOLE   194,876 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 240 22,104 SH   SOLE   22,104 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,392 54,277 SH   SOLE   54,277 0 0
HOPE BANCORP INC COM 43940T109 5,387 304,182 SH   SOLE   304,182 0 0
HOWARD BANCORP INC COM 442496105 670 32,070 SH   SOLE   32,070 0 0
IBERIABANK CORP COM 450828108 6,604 80,389 SH   SOLE   80,389 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 10,859 270,790 SH   SOLE   270,790 0 0
MACKINAC FINL CORP COM 554571109 419 27,048 SH   SOLE   27,048 0 0
NATIONAL BK HLDGS CORP CL A 633707104 3,366 94,301 SH   SOLE   94,301 0 0
NICOLET BANKSHARES INC COM 65406E102 356 6,180 SH   SOLE   6,180 0 0
NORTHEAST BANCORP COM NEW 663904209 5,231 200,040 SH   SOLE   200,040 0 0
NORTHERN TR CORP COM 665859104 1,204 13,100 SH   SOLE   13,100 0 0
NORWOOD FINANCIAL CORP COM 669549107 379 12,405 SH   SOLE   12,405 0 0
OPUS BK IRVINE CALIF COM 684000102 2,162 90,086 SH   SOLE   90,086 0 0
ORITANI FINL CORP DEL COM 68633D103 6,610 393,470 SH   SOLE   393,470 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 12,441 461,623 SH   SOLE   461,623 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 1,570 171,537 SH   SOLE   171,537 0 0
PACIFIC PREMIER BANCORP COM 69478X105 1,754 46,468 SH   SOLE   46,468 0 0
PARAGON COML CORP COM NEW 69911U403 236 4,176 SH   SOLE   4,176 0 0
PARKE BANCORP INC COM 700885106 1,621 73,032 SH   SOLE   73,032 0 0
PEOPLES BANCORP INC COM 709789101 1,256 37,404 SH   SOLE   37,404 0 0
PEOPLES FINL CORP MISS COM 71103B102 691 47,012 SH   SOLE   47,012 0 0
PEOPLES UTAH BANCORP COM 712706209 1,549 47,749 SH   SOLE   47,749 0 0
PLUMAS BANCORP COM 729273102 924 44,214 SH   SOLE   44,214 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 3,970 65,777 SH   SOLE   65,777 0 0
PREMIER FINL BANCORP INC COM 74050M105 2,104 96,565 SH   SOLE   96,565 0 0
QCR HOLDINGS INC COM 74727A104 721 15,852 SH   SOLE   15,852 0 0
RIVERVIEW BANCORP INC COM 769397100 341 40,593 SH   SOLE   40,593 0 0
ROYAL BANCSHARES PA INC CL A 780081105 1,405 315,095 SH   SOLE   315,095 0 0
SB FINL GROUP INC COM 78408D105 696 40,542 SH   SOLE   40,542 0 0
SELECT BANCORP INC NEW COM 81617L108 1,911 163,168 SH   SOLE   163,168 0 0
SHORE BANCSHARES INC COM 825107105 2,576 154,712 SH   SOLE   154,712 0 0
SIERRA BANCORP COM 82620P102 1,520 55,972 SH   SOLE   55,972 0 0
SMARTFINANCIAL INC COM NEW 83190L208 991 41,181 SH   SOLE   41,181 0 0
SOUND FINL BANCORP INC COM 83607A100 2,008 59,065 SH   SOLE   59,065 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,379 81,156 SH   SOLE   81,156 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 1,846 66,996 SH   SOLE   66,996 0 0
STATE BK FINL CORP COM 856190103 8,035 280,453 SH   SOLE   280,453 0 0
STEWARDSHIP FINL CORP COM 860326107 590 60,179 SH   SOLE   60,179 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 1,923 74,943 SH   SOLE   74,943 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,570 126,113 SH   SOLE   126,113 0 0
SUN BANCORP INC COM NEW 86663B201 2,090 84,108 SH   SOLE   84,108 0 0
SUNSHINE BANCORP INC COM 86777J108 2,185 94,016 SH   SOLE   94,016 0 0
TIMBERLAND BANCORP INC COM 887098101 2,136 68,141 SH   SOLE   68,141 0 0
TRICO BANCSHARES COM 896095106 2,241 54,984 SH   SOLE   54,984 0 0
TRUSTCO BK CORP N Y COM 898349105 1,785 200,528 SH   SOLE   200,528 0 0
UMPQUA HLDGS CORP COM 904214103 3,380 173,237 SH   SOLE   173,237 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,645 173,153 SH   SOLE   173,153 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 11,722 329,375 SH   SOLE   329,375 0 0
WATERSTONE FINL INC MD COM 94188P101 2,789 143,040 SH   SOLE   143,040 0 0
WAYNE SVGS BANCSHARES INC NE COM 94624Q101 208 11,590 SH   SOLE   11,590 0 0
WINTRUST FINL CORP COM 97650W108 4,235 54,076 SH   SOLE   54,076 0 0
WOLVERINE BANCORP INC COM 977880103 4,518 105,079 SH   SOLE   105,079 0 0
WVS FINL CORP COM 929358109 1,066 64,231 SH   SOLE   64,231 0 0
XENITH BANKSHARES INC NEW COM NEW 984102202 17,734 545,663 SH   SOLE   545,663 0 0