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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMES NATL CORP COM 031001100   10,919,314 524,967 SH   SOLE   524,967 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105   10,857,308 1,064,442 SH   SOLE   1,064,442 0 0
CALIFORNIA BANCORP INC COM 13005U101   1,379,591 70,712 SH   SOLE   70,712 0 0
CENTRAL VY CMNTY BANCORP COM 155685100   22,601,203 1,098,212 SH   SOLE   1,098,212 0 0
CHEMUNG FINL CORP COM 164024101   13,568,550 326,953 SH   SOLE   326,953 0 0
CHOICEONE FINL SVCS INC COM 170386106   4,143,045 164,146 SH   SOLE   164,146 0 0
CITIZENS FINL GROUP INC COM 174610105   3,131,481 103,111 SH   SOLE   103,111 0 0
CODORUS VY BANCORP INC COM 192025104   9,262,821 446,401 SH   SOLE   446,401 0 0
COLONY BANKCORP INC COM 19623P101   9,164,119 898,443 SH   SOLE   898,443 0 0
COMERICA INC COM 200340107   3,052,296 70,297 SH   SOLE   70,297 0 0
COMMUNITY FINL CORP MD COM 20368X101   18,668,788 563,501 SH   SOLE   563,501 0 0
EVANS BANCORP INC COM NEW 29911Q208   9,170,697 273,222 SH   SOLE   273,222 0 0
FIFTH THIRD BANCORP COM 316773100   3,220,430 120,887 SH   SOLE   120,887 0 0
FINWARD BANCORP COM 31812F109   12,499,789 429,546 SH   SOLE   429,546 0 0
FIRST CMNTY CORP S C COM 319835104   12,968,620 648,431 SH   SOLE   648,431 0 0
FIRST NATL CORP COM 32106V107   9,675,135 611,963 SH   SOLE   611,963 0 0
FIRST NORTHWEST BANCORP COM 335834107   420,394 36,556 SH   SOLE   36,556 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   1,341,536 83,377 SH   SOLE   83,377 0 0
FRANKLIN FINL SVCS CORP COM 353525108   12,047,623 406,465 SH   SOLE   406,465 0 0
INVESTAR HLDG CORP COM 46134L105   13,812,596 989,441 SH   SOLE   989,441 0 0
KEYCORP COM 493267108   3,185,589 254,440 SH   SOLE   254,440 0 0
M & T BK CORP COM 55261F104   3,079,167 25,752 SH   SOLE   25,752 0 0
MERIDIAN CORPORATION COM 58958P104   5,349,166 424,537 SH   SOLE   424,537 0 0
NORWOOD FINL CORP COM 669549107   3,524,663 119,805 SH   SOLE   119,805 0 0
OAK VY BANCORP OAKDALE CALIF COM 671807105   7,784,873 329,031 SH   SOLE   329,031 0 0
PEOPLES BANCORP N C INC COM 710577107   16,516,842 519,888 SH   SOLE   519,888 0 0
RIVERVIEW BANCORP INC COM 769397100   1,513,431 283,414 SH   SOLE   283,414 0 0
SHORE BANCSHARES INC COM 825107105   21,740,700 1,522,458 SH   SOLE   1,522,458 0 0
SOUTHERN STS BANCSHARES INC COM 843878307   8,896,381 394,518 SH   SOLE   394,518 0 0
TIMBERLAND BANCORP INC COM 887098101   10,944,721 405,060 SH   SOLE   405,060 0 0
TRUIST FINL CORP COM 89832Q109   3,104,839 91,051 SH   SOLE   91,051 0 0
UNITY BANCORP INC COM 913290102   7,643,426 335,091 SH   SOLE   335,091 0 0
US BANCORP DEL COM NEW 902973304   3,150,626 87,396 SH   SOLE   87,396 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103   5,693,655 158,333 SH   SOLE   158,333 0 0