0001251109-14-000030.txt : 20140725 0001251109-14-000030.hdr.sgml : 20140725 20140725161127 ACCESSION NUMBER: 0001251109-14-000030 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20140725 DATE AS OF CHANGE: 20140725 EFFECTIVENESS DATE: 20140725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Minerva Advisors LLC CENTRAL INDEX KEY: 0001541536 IRS NUMBER: 753088079 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14665 FILM NUMBER: 14994381 BUSINESS ADDRESS: STREET 1: 50 MONUMENT ROAD STREET 2: SUITE 201 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: (484) 434-2258 MAIL ADDRESS: STREET 1: 50 MONUMENT ROAD STREET 2: SUITE 201 CITY: BALA CYNWYD STATE: PA ZIP: 19004 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001541536 XXXXXXXX 06-30-2014 06-30-2014 Minerva Advisors LLC

50 MONUMENT ROAD SUITE 201 BALA CYNWYD PA 19004

13F HOLDINGS REPORT 028-14665 Y In the Information Table, shares reported as "SOLE" under Column 6 and Column 8 are held by Minerva Group, LP, a private fund managed by Minerva Advisors LLC. Shares reported as "OTR" under Column 6 and "SHARED" under Column 8 relate to managed accounts for which Minerva Advisors LLC is the investment advisor. Beth N. Lowson 914-220-1919 Beth N. Lowson White Plains NY 07-25-2014 0 142 176187 false INFORMATION TABLE 2 minerva13fjune2014.xml MINERVA 13F INFORMATION TABLE AEHR TEST SYSTEMS COM 00760J108 39 18100 SH OTR 0 18100 0 AEHR TEST SYSTEMS COM 00760J108 87 40602 SH SOLE 40602 0 0 AH BELO CORP COM CL A 001282102 3781 319102 SH OTR 0 319102 0 AH BELO CORP COM CL A 001282102 5335 450182 SH SOLE 450182 0 0 AMERISERV FINANC INC COM 03074A102 132 38000 SH OTR 0 38000 0 AMERISERV FINANC INC COM 03074A102 49 14200 SH SOLE 14200 0 0 AMPCO PITTSBURGH CORP COM 032037103 812 35400 SH OTR 0 35400 0 AMPCO PITTSBURGH CORP COM 032037103 564 24571 SH SOLE 24571 0 0 APCO OIL & GAS INTL SHS G0471F109 2324 162031 SH OTR 0 162031 0 APCO OIL & GAS INTL SHS G0471F109 3936 274494 SH SOLE 274494 0 0 ASML HOLDING N V NY REG SHS N07059210 1563 16761 SH OTR 0 16761 0 ASML HOLDING N V NY REG SHS N07059211 110 1176 SH SOLE 1176 0 0 ASTRONICS CORP COM 046433108 761 13508 SH OTR 0 13508 0 ASTRONICS CORP COM 046433109 1126 19981 SH SOLE 19981 0 0 ATRION CORP COM 049904105 602 1850 SH OTR 0 1850 0 ATRION CORP COM 049904105 2112 6492 SH SOLE 6492 0 0 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 35 2570 SH OTR 0 2570 0 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 338 24916 SH SOLE 24916 0 0 BREEZE EASTERN CORP COM 106764103 166 13000 SH OTR 0 13000 0 CAMDEN NATIONAL CORP COM 133034108 2921 75651 SH OTR 0 75651 0 CAMDEN NATIONAL CORP COM 133034108 1552 40185 SH SOLE 40185 0 0 CENTURY BANCORP INC MASS CL A NON VTG 156432106 921 26450 SH OTR 0 26450 0 CENTURY BANCORP INC MASS CL A NON VTG 156432106 337 9663 SH SOLE 9663 0 0 CHASE CORP COM 16150R104 7979 233705 SH OTR 0 233705 0 CHASE CORP COM 16150R104 6289 184200 SH SOLE 184200 0 0 CHARTER FINL CORP MD COM 16122W108 565 50989 SH OTR 0 50989 0 CHARTER FINL CORP MD COM 16122W108 983 88669 SH SOLE 88669 0 0 CIMATRON LTD ORD M23798107 301 48718 SH OTR 0 48718 0 CIMATRON LTD ORD M23798107 742 120056 SH SOLE 120056 0 0 CITIZENS & NORTHERN CORP COM 172922106 318 16400 SH OTR 0 16400 0 CITIZENS & NORTHERN CORP COM 17922106 514 26500 SH SOLE 26500 0 0 CMS BANCORP INC COM 12600U102 82 7800 SH OTR 0 7800 0 CMS BANCORP INC COM 12600U102 125 11975 SH SOLE 11975 0 0 COMMAND SECURITY CORP COM 20050L100 46 25750 SH SOLE 25750 0 0 COMMUNITY BANK SYS INC COM 203607106 505 13938 SH OTR 0 13938 0 DAWSON GEOPHYSICAL CO COM 239359102 918 32071 SH OTR 0 32071 0 DAWSON GEOPHYSICAL CO COM 239359102 784 27387 SH SOLE 27387 0 0 DELUXE CORP COM 248019101 2109 36000 SH OTR 0 36000 0 DELUXE CORP COM 248019101 516 8800 SH SOLE 8800 0 0 DONEGAL GROUP INC CL B 257701300 240 11450 SH OTR 0 11450 0 DONEGAL GROUP INC CL B 257701300 211 10056 SH SOLE 10056 0 0 DONEGAL GROUP INC CL A 257701201 364 23882 SH OTR 0 23882 0 DONEGAL GROUP INC CL A 257701201 19 1261 SH SOLE 1261 0 0 DORMAN PRODUCTS INC COM 258278100 1491 30260 SH OTR 0 30260 0 DORMAN PRODUCTS INC COM 258278100 782 15880 SH SOLE 15880 0 0 EAGLE BANCORP MONT INC COM 26942G100 88 8400 SH OTR 0 8400 0 EAGLE BANCORP MONT INC COM 26942G100 181 17198 SH SOLE 17198 0 0 EASTERN CO COM 276317104 2282 149429 SH OTR 0 149429 0 EASTERN CO COM 276317104 3395 222345 SH SOLE 222345 0 0 ECOLOGY & ENVRNMT INC CL A 278878103 279 27704 SH OTR 0 27704 0 ECOLOGY & ENVRNMT INC CL A 278878103 435 43170 SH SOLE 43170 0 0 EMCLAIRE FINANCIAL CORP COM 290828102 337 12824 SH OTR 0 12824 0 EMCLAIRE FINANCIAL CORP COM 290828102 67 2535 SH SOLE 2535 0 0 ESCALADE INC COM 296056104 3056 189602 SH OTR 0 189602 0 ESCALADE INC COM 296056104 2867 177858 SH SOLE 177858 0 0 FNB CORP COM 302520101 99 7715 SH OTR 0 7715 0 FNB CORP COM 302520101 331 25783 SH SOLE 25783 0 0 FIRST MERCHANTS CORP COM 320817109 119 5655 SH OTR 0 5655 0 FIRST MERCHANTS CORP COM 320817109 133 6305 SH SOLE 6305 0 0 FOSTER LB CO COM 350060109 4565 84643 SH OTR 0 84643 0 FOSTER LB CO COM 350060109 1159 21489 SH SOLE 21489 0 0 GLOBAL POWER EQUIP GP I COM PAR $0.01 37941P306 2796 173047 SH OTR 0 173047 0 GLOBAL POWER EQUIP GP I COM PAR $0.01 37941P306 4684 289862 SH SOLE 289862 0 0 GREAT LAKES DREDGE & DOCK CO COM 390607109 1742 218000 SH OTR 0 218000 0 GREAT LAKES DREDGE & DOCK CO COM 390607109 2055 257227 SH SOLE 257227 0 0 HALLADOR ENERGY COM 40609P105 65 6845 SH OTR 0 6845 0 HALLADOR ENERGY COM 40609P105 119 12575 SH SOLE 12575 0 0 IBERIABANK CORP COM 450828108 683 9877 SH OTR 0 9877 0 IBERIABANK CORP COM 450828108 1109 16035 SH SOLE 16035 0 0 INFUSYSTEM HLDGS INC COM 45685K102 1940 732200 SH OTR 0 732200 0 INFUSYSTEM HLDGS INC COM 45685K102 3012 1136762 SH SOLE 1136762 0 0 INVESTORS BANCORP INC COM 46146P102 273 24711 SH OTR 0 24711 0 INVESTORS BANCORP INC COM 46146P102 751 67990 SH SOLE 67990 0 0 JACKSONVILLE BANCORP INC MD COM 46924R106 247 11703 SH OTR 0 11703 0 JACKSONVILLE BANCORP INC MD COM 46924R106 410 19442 SH SOLE 19442 0 0 JOURNAL COMMUNIC INC CL A 481130102 2283 257440 SH OTR 0 257440 0 JOURNAL COMMUNIC INC CL A 481130102 2924 329637 SH SOLE 329637 0 0 KAPSTONE PAPER & PACKAGING CORP COM 48562P103 8562 258424 SH OTR 0 258424 0 KAPSTONE PAPER & PACKAGING CORP COM 48562P103 13293 401250 SH SOLE 401250 0 0 KIMCO RLTY CORP COM 49446R109 517 22500 SH OTR 0 22500 0 KOSS CORP COM 500692108 71 22800 SH OTR 0 22800 0 KOSS CORP COM 500692108 67 21694 SH SOLE 21694 0 0 LAKE SHORE BANCORP INC COM 510700107 115 9400 SH OTR 0 9400 0 LAKE SHORE BANCORP INC COM 510700107 248 20269 SH SOLE 20269 0 0 MALVERN BANCORP INC SHS 561409103 1264 120000 SH SOLE 120000 0 0 MAM SOFTWARE GROUP INC COM 55277Q201 221 41113 SH SOLE 41113 0 0 MER TELEMANAGEMENT SOLUTIONS SHS M69676126 56 36651 SH OTR 0 36651 0 MER TELEMANAGEMENT SOLUTIONS SHS M69676126 215 140532 SH SOLE 140532 0 0 MOLYCORP INC DEL COM 608753109 40 15593 SH OTR 0 15593 0 MOLYCORP INC DEL COM 608753109 40 15541 SH SOLE 15541 0 0 MUTUALFIRST FINL INC COM 62845B104 482 25260 SH OTR 0 25260 0 MUTUALFIRST FINL INC COM 62845B104 108 5666 SH SOLE 5666 0 0 NAVIGATOR HOLDING LTD COM Y62132108 3323 113422 SH OTR 0 113422 0 NAVIGATOR HOLDING LTD COM Y62132108 5384 207152 SH SOLE 207152 0 0 NORTHWEST BANCSHARES COM 667340103 610 45000 SH OTR 0 45000 0 NORTHWEST BANCSHARES COM 667340103 388 28625 SH SOLE 28625 0 0 NORWOOD FINANCIAL CORP COM 669549107 169 5973 SH OTR 0 5973 0 NORWOOD FINANCIAL CORP COM 669549107 245 8764 SH SOLE 8764 0 0 OBA FINANCIAL SVCS INC COM 67424G101 226 10200 SH OTR 0 10200 0 OBA FINANCIAL SVCS INC COM 67424G101 452 25200 SH SOLE 25200 0 0 OCONEE FED FINL CORP COM 675607105 197 11451 SH OTR 0 11451 0 OCONEE FED FINL CORP COM 675607105 197 11451 SH SOLE 11451 0 0 ONVIA INC COM NEW 68338T403 632 137200 SH OTR 0 137200 0 ONVIA INC COM NEW 68338T403 1223 265353 SH SOLE 265353 0 0 PATHFINDER BANCORP INC COM 70320A103 470 32270 SH OTR 0 32270 0 PATHFINDER BANCORP INC COM 70320A103 898 61718 SH SOLE 61718 0 0 PDI INC COM 69329V100 21 4800 SH OTR 0 4800 0 PDI INC COM 69329V100 38 8572 SH SOLE 8572 0 0 PEOPLES UNITED FINL INC COM 712704105 220 14518 SH SOLE 14518 0 0 PMFG INC COM 69345P103 1858 352524 SH OTR 0 352524 0 PMFG INC COM 69345P103 2412 457766 SH SOLE 457766 0 0 PROASSURANCE CORP COM 74267C106 854 19244 SH OTR 0 19244 0 PROASSURANCE CORP COM 74267C106 405 9114 SH SOLE 9114 0 0 PROV & WOR RAILRD CO COM 743737108 450 25500 SH OTR 0 25500 0 PROV & WOR RAILRD CO COM 743737108 26 1500 SH SOLE 1500 0 0 PSB HOLDINGS INC COM 69360W108 67 10152 SH OTR 0 10152 0 PSB HOLDINGS INC COM 69360W108 104 15745 SH SOLE 15745 0 0 RAND LOGISTICS INC COM 752182105 617 102913 SH OTR 0 102913 0 RAND LOGISTICS INC COM 752182105 1216 202627 SH SOLE 202627 0 0 SCRIPPS EW CO OHIO CL A NEW 811054402 2798 132233 SH OTR 0 132233 0 SCRIPPS EW CO OHIO CL A NEW 811054402 4330 204631 SH SOLE 204631 0 0 SIFCO INDUSTRIES INC COM 826546103 156 5000 SH OTR 0 5000 0 SIFCO INDUSTRIES INC COM 826546103 305 10000 SH SOLE 10000 0 0 STATE AUTO FINANCIAL CORP COM 855707105 189 8100 SH OTR 0 8100 0 STATE AUTO FINANCIAL CORP COM 855707105 347 14918 SH SOLE 14918 0 0 SUPERIOR UNIF GRP INC COM 868358102 252 15700 SH OTR 0 15700 0 SUPERIOR UNIF GRP INC COM 868358102 58 3600 SH SOLE 3600 0 0 TF FINANCIAL CORP COM 872391107 1559 36855 SH OTR 0 36855 0 TF FINANCIAL CORP COM 872391107 1339 31658 SH SOLE 31658 0 0 TIGER MEDIA INC SHS G88685105 23 24600 SH OTR 0 24600 0 TIGER MEDIA INC SHS G88685105 5 5200 SH SOLE 5200 0 0 TRANSCAT INC COM 893529107 1561 153794 SH OTR 0 153794 0 TRANSCAT INC COM 893529107 2639 259960 SH SOLE 259960 0 0 UNIVERSAL STAINLESS & ALLOY COM 913837100 905 27900 SH OTR 0 27900 0 UNIVERSAL STAINLESS & ALLOY COM 913837100 58 1800 SH SOLE 1800 0 0 US LIME & MINERAL COM 911922102 3789 58809 SH OTR 0 58809 0 US LIME & MINERAL COM 911922102 3181 49373 SH SOLE 49373 0 0 VIRCO MANUFACTURING CO COM 927651109 967 420233 SH OTR 0 420233 0 VIRCO MANUFACTURING CO COM 927651109 1325 576181 SH SOLE 576181 0 0 WATERSTONE FINANCIAL COM 94188P101 1046 91698 SH SOLE 91698 0 0 WPX ENERGY INC COM 98212B103 485 20300 SH OTR 0 20300 0 WPX ENERGY INC COM 98212B103 897 37500 SH SOLE 37500 0 0