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
ALLY FINL COM 02005N100 5,117 167,431 SH   SOLE   167,431 0 0
AMERIS BANCORP COM 03076K108 7,338 172,497 SH   SOLE   172,497 0 0
ARES CAP COM 04010L103 888 47,600 SH   SOLE   47,600 0 0
BANC OF CALIFORNIA COM 05990K106 58,442 3,401,719 SH   SOLE   3,401,719 0 0
BANK AMER COM 060505104 1,462 41,500 SH   SOLE   41,500 0 0
BANKFINANCIAL COM 06643P104 12,755 975,189 SH   SOLE   975,189 0 0
BAYCOM COM 07272M107 1,831 80,530 SH   SOLE   80,530 0 0
CAPITAL ONE FINL COM 14040H105 8,006 77,800 SH   SOLE   77,800 0 0
CIT GROUP COM 125581801 4,663 102,200 SH   SOLE   102,200 0 0
CITIGROUP COM 172967424 13,587 170,068 SH   SOLE   170,068 0 0
CITIZENS FINL GROUP COM 174610105 7,452 183,500 SH   SOLE   183,500 0 0
COMERICA COM 200340107 5,905 82,300 SH   SOLE   82,300 0 0
COMMUNITY WEST BANCSHARES COM 204157101 677 61,004 SH   SOLE   61,004 0 0
ENTERPRISE FINL SVCS COM 293712105 28,571 592,646 SH   SOLE   592,646 0 0
EVANS BANCORP COM NEW 29911Q208 12,463 310,796 SH   SOLE   310,796 0 0
FIRST FINL BANCORP OH COM 320209109 4,360 171,364 SH   SOLE   171,364 0 0
FIRST HORIZON NATL COM 320517105 4,029 243,300 SH   SOLE   243,300 0 0
FIRST INTERNET BANCORP COM 320557101 427 18,000 SH   SOLE   18,000 0 0
FIRST MERCHANTS COM 320817109 31,248 751,333 SH   SOLE   751,333 0 0
FNB PA COM 302520101 19,040 1,499,232 SH   SOLE   1,499,232 0 0
HAWTHORN BANCSHARES COM 420476103 6,306 247,294 SH   SOLE   247,294 0 0
HORIZON BANCORP COM 440407104 25,341 1,333,712 SH   SOLE   1,333,712 0 0
HUNT COS FIN TR COM 44558T100 2,685 831,338 SH   SOLE   831,338 0 0
INDEPENDENT BANK MICH COM 453838609 13,982 617,285 SH   SOLE   617,285 0 0
INVESTORS BANCORP COM 46146L101 1,302 109,243 SH   SOLE   109,243 0 0
KEYCORP COM 493267108 2,024 100,000 SH   SOLE   100,000 0 0
MAGYAR BANCORP COM 55977T109 6,640 539,833 SH   SOLE   539,833 0 0
MIDLAND STATES BANCORP INC COM 597742105 290 10,000 SH   SOLE   10,000 0 0
MUTUALFIRST FINL COM 62845B104 28,395 715,773 SH   SOLE   715,773 0 0
OLD POINT FINL COM 680194107 12,541 456,215 SH   SOLE   456,215 0 0
SB ONE BANCORP COM 78413T103 2,564 102,882 SH   SOLE   102,882 0 0
SOUTHERN NATL BANCORP OF VA IN COM 843395104 7,131 436,176 SH   SOLE   436,176 0 0
SPDR SERIES TRUST S&P REGL BKG S&P REGL BKG 78464A698 16,951 291,000 SH   SOLE   291,000 0 0
STERLING BANCORP DEL COM 85917A100 2,591 122,900 SH   SOLE   122,900 0 0
SYNCHRONY FINL COM 87165B103 9,413 261,400 SH   SOLE   261,400 0 0