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
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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
Alliance Bancorp Inc of Pennsylvania COM 01890A108 7,010 324,546 SH   SOLE   324,546 0 0
Ameriana Bancorp COM 023613102 4,875 296,336 SH   SOLE   296,336 0 0
Banc of California Inc COM 05990K106 25,547 2,075,322 SH   SOLE   2,075,322 0 0
Bank of America Corp COM 060505104 639 41,500 SH   SOLE   41,500 0 0
BankFinancial Corp COM 06643P104 21,420 1,630,170 SH   SOLE   1,630,170 0 0
BCB Bancorp Inc COM 055298103 1,160 96,311 SH   SOLE   96,311 0 0
Capital One Financial Corp *W EXP 11/14/201 14040H139 3,660 98,800 SH   SOLE   98,800 0 0
Cheviot Financial Corp COM 16677X105 5,141 334,900 SH   SOLE   334,900 0 0
Citigroup Inc COM 172967424 4,898 95,068 SH   SOLE   95,068 0 0
Citizens Financial Group COM 174610105 4,428 183,500 SH   SOLE   183,500 0 0
Coastway Bancorp Inc COM 190632109 823 74,200 SH   SOLE   74,200 0 0
Codorus Valley Bancorp Inc COM 192025104 1,019 50,194 SH   SOLE   50,194 0 0
Colonial Financial Services Inc COM 19566B101 642 44,900 SH   SOLE   44,900 0 0
Enterprise Financial Services Corp COM 293712105 20,631 998,618 SH   SOLE   998,618 0 0
First Business Financial Services Inc COM 319390100 770 17,800 SH   SOLE   17,800 0 0
First Merchants Corp COM 320817109 12,795 543,540 SH   SOLE   543,540 0 0
HF Financial Corp COM 404172108 8,714 589,975 SH   SOLE   589,975 0 0
HopFed Bancorp Inc COM 439734104 708 55,000 SH   SOLE   55,000 0 0
Horizon Bancorp/IN COM 440407104 13,393 572,592 SH   SOLE   572,592 0 0
Independent Bank Corp/MI COM 453838609 13,869 1,080,985 SH   SOLE   1,080,985 0 0
Investors Bancorp COM 46146L101 9,194 784,451 SH   SOLE   784,451 0 0
JPMorgan Chase & Co COM 46625H100 3,363 55,510 SH   SOLE   55,510 0 0
JPMorgan Chase & Co *W EXP 10/28/201 46634E114 2,432 110,500 SH   SOLE   110,500 0 0
Laporte Bancorp Inc COM 516651106 135 10,400 SH   SOLE   10,400 0 0
LNB Bancorp Inc COM 502100100 16,113 903,178 SH   SOLE   903,178 0 0
Magyar Bancorp Inc COM 55977T109 4,594 539,833 SH   SOLE   539,833 0 0
Malvern Federal Bancorp Inc COM 561409103 8,332 617,310 SH   SOLE   617,310 0 0
Metro Bancorp Inc COM 59161R101 34,268 1,242,929 SH   SOLE   1,242,929 0 0
Mid Penn Bancorp Inc COM 59540G107 893 56,373 SH   SOLE   56,373 0 0
MSB Financial Corp COM 55352P102 4,867 426,519 SH   SOLE   426,519 0 0
MutualFirst Financial Inc COM 62845B104 15,794 685,223 SH   SOLE   685,223 0 0
Naugatuck Valley Financial Corp COM 63906P107 1,140 124,183 SH   SOLE   124,183 0 0
Old Point Financial Corp COM 680194107 4,050 269,908 SH   SOLE   269,908 0 0
PNC Financial Services Group Inc *W EXP 12/31/201 693475121 1,665 63,545 SH   SOLE   63,545 0 0
Polonia Bancorp COM 73158Q109 2,823 219,575 SH   SOLE   219,575 0 0
Prudential Bancorp Inc COM 74431A101 1,483 116,742 SH   SOLE   116,742 0 0
SB Financial Group Inc COM 78408D105 391 37,097 SH   SOLE   37,097 0 0
Sussex Bancorp COM 869245100 1,157 102,882 SH   SOLE   102,882 0 0