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 RIV BANKSHARES COM 029326105 5,214 290,000 SH   SOLE   290,000 0 0
AMERIS BANCORP COM 03076K108 12,531 247,497 SH   SOLE   247,497 0 0
BANC OF CALIFORNIA COM 05990K106 59,666 3,401,719 SH   SOLE   3,401,719 0 0
BANKFINANCIAL COM 06643P104 12,068 1,054,922 SH   SOLE   1,054,922 0 0
BAYCOM COM 07272M107 2,882 160,530 SH   SOLE   160,530 0 0
BK OF AMERICA COM 060505104 1,711 41,500 SH   SOLE   41,500 0 0
CAPITAL ONE FINL COM 14040H105 22,438 145,050 SH   SOLE   145,050 0 0
CITIGROUP COM 172967424 10,264 145,068 SH   SOLE   145,068 0 0
CITIZENS FINL GROUP COM 174610105 13,970 304,553 SH   SOLE   304,553 0 0
COMERICA COM 200340107 1,926 27,000 SH   SOLE   27,000 0 0
COMMUNITY WEST BANCSHARES COM 204157101 6,358 474,460 SH   SOLE   474,460 0 0
ENTERPRISE FINL SVCS COM 293712105 33,449 721,046 SH   SOLE   721,046 0 0
EVANS BANCORP COM NEW 29911Q208 15,206 409,875 SH   SOLE   409,875 0 0
F N B COM 302520101 24,497 1,986,765 SH   SOLE   1,986,765 0 0
FIFTH THIRD BANCORP COM 316773100 7,501 196,199 SH   SOLE   196,199 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 192 14,180 SH   SOLE   14,180 0 0
FIRST FINANCIAL NORTHWEST COM 32022K102 758 50,000 SH   SOLE   50,000 0 0
FIRST FINL BANCORP OH COM 320209109 6,412 271,364 SH   SOLE   271,364 0 0
FIRST HORIZON CORPORATION COM 320517105 4,320 250,000 SH   SOLE   250,000 0 0
FIRST INTERNET BANCORP COM 320557101 558 18,000 SH   SOLE   18,000 0 0
FIRST MERCHANTS COM 320817109 31,308 751,333 SH   SOLE   751,333 0 0
HAWTHORN BANCSHARES COM 420476103 7,147 311,690 SH   SOLE   311,690 0 0
HERITAGE COMM COM 426927109 1,113 100,000 SH   SOLE   100,000 0 0
HORIZON BANCORP COM 440407104 23,630 1,355,712 SH   SOLE   1,355,712 0 0
HUNTINGTON BANCSHARES COM 446150104 3,782 265,000 SH   SOLE   265,000 0 0
INDEPENDENT BK MICH COM 453838609 7,815 359,985 SH   SOLE   359,985 0 0
INVESCO EXCH TRADED FD TR II KBW BK ETF KBW BK ETF 46138E628 11,916 185,000 SH   SOLE   185,000 0 0
KEYCORP COM 493267108 6,711 325,000 SH   SOLE   325,000 0 0
LUMENT FINANCE TRUST COM 55025L108 3,500 831,338 SH   SOLE   831,338 0 0
MALVERN BANCORP COM 561409103 13,911 753,961 SH   SOLE   753,961 0 0
MIDLAND STATES BANCORP INC COM 597742105 263 10,000 SH   SOLE   10,000 0 0
NEW YORK CMNTY BANCORP COM 649445103 1,102 100,000 SH   SOLE   100,000 0 0
NORTHWEST BANCSHARES MD COM 667340103 6,666 488,745 SH   SOLE   488,745 0 0
OLD POINT FINL COM 680194107 12,743 519,857 SH   SOLE   519,857 0 0
PRIMIS FINANCIAL COM 74167B109 8,260 541,259 SH   SOLE   541,259 0 0
PROVIDENT FINL SVCS COM 74386T105 3,196 139,609 SH   SOLE   139,609 0 0
RELIANT BANCORP COM 75956B101 4,816 173,684 SH   SOLE   173,684 0 0
SOUTHERN FIRST BANCSHARES INC COM 842873101 512 10,000 SH   SOLE   10,000 0 0
STERLING BANCORP DEL COM 85917A100 568 22,900 SH   SOLE   22,900 0 0
SYNCHRONY FINANCIAL COM 87165B103 14,808 305,200 SH   SOLE   305,200 0 0