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 2,318 167,475 SH   SOLE   167,475 0 0
AMERISERV FINL INC COM COMMON 03074A102 4,448 1,111,989 SH   SOLE   1,111,989 0 0
California First National Bancorp COMMON 130222102 6,559 362,398 SH   SOLE   362,398 0 0
CHEMUNG FINL CORP COM COMMON 164024101 1,037 22,011 SH   SOLE   22,011 0 0
CITIZENS FINL GROUP INC COM COMMON 174610105 10,036 265,000 SH   SOLE   265,000 0 0
Community West Bancshares COMMON 204157101 1,020 98,531 SH   SOLE   98,531 0 0
DNB FINL CORP COM COMMON 233237106 1,300 36,946 SH   SOLE   36,946 0 0
ESSA Bancorp Inc COMMON 29667D104 295 18,820 SH   SOLE   18,820 0 0
Fifth Third Bancorp COMMON 316773100 9,513 340,000 SH   SOLE   340,000 0 0
FIRST BUS FINL SVCS INC WIS COM COMMON 319390100 637 28,016 SH   SOLE   28,016 0 0
FIRST UTD CORP COM COMMON 33741H107 11,167 670,681 SH   SOLE   670,681 0 0
HARBORONE BANCORP INC COMMON 41165F101 1,196 63,584 SH   SOLE   63,584 0 0
HMN Financial Inc COMMON 40424G108 1,373 76,904 SH   SOLE   76,904 0 0
HopFed Bancorp Inc COMMON 439734104 827 57,039 SH   SOLE   57,039 0 0
ICC HOLDINGS INC COMMON 44931Q104 2,105 116,919 SH   SOLE   116,919 0 0
MAGYAR BANCORP INC COM COMMON 55977T109 1,949 160,428 SH   SOLE   160,428 0 0
MIDDLEFIELD BANC CORP COMMON 596304204 3,855 83,616 SH   SOLE   83,616 0 0
NI HOLDINGS INC COMMON 65342T106 3,099 173,131 SH   SOLE   173,131 0 0
OAK VALLEY BANCORP COMMON 671807105 650 38,689 SH   SOLE   38,689 0 0
OCONEE FED FINL CORP COM COMMON 675607105 446 15,909 SH   SOLE   15,909 0 0
OPUS BK IRVINE CALIF COM COMMON 684000102 3,426 142,764 SH   SOLE   142,764 0 0
PB BANCORP INC COMMON 70454T100 3,559 338,956 SH   SOLE   338,956 0 0
PEOPLES FINL CORP MISS COM COMMON 71103B102 3,474 236,325 SH   SOLE   236,325 0 0
PROVIDENT FINL HLDGS INC COM COMMON 743868101 3,280 167,367 SH   SOLE   167,367 0 0
RANDOLPH BANCORP INC COMMON 752378109 3,594 234,740 SH   SOLE   234,740 0 0
SOUND FINL BANCORP INC COM COMMON 83607A100 3,226 94,892 SH   SOLE   94,892 0 0
STONECASTLE FINANCIAL CORP COMMON 861780104 2,041 98,886 SH   SOLE   98,886 0 0
THE BANK OF PRINCETON COMMON 064520109 5,172 161,685 SH   SOLE   161,685 0 0
WELLS FARGO & CO NEW COM COMMON 949746101 7,004 127,000 SH   SOLE   127,000 0 0
WESTERN NEW ENGLAND BANCORP COMMON 958892101 953 87,463 SH   SOLE   87,463 0 0
Willis Lease Finance Corp COMMON 970646105 1,600 65,054 SH   SOLE   65,054 0 0