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
1st Capital Bank Common 31944C107 1,733 144,382 SH   SOLE   144,382 0 0
1st Colonial Bancorp Common 319716106 1,125 192,055 SH   SOLE   192,055 0 0
1st Constitution Bancorp Common 31986N102 5,532 539,708 SH   SOLE   539,708 0 0
1st Enterprise Bank Common 32008C108 6,882 274,731 SH   SOLE   274,731 0 0
Access National Corporation Common 004337101 2,236 137,764 SH   SOLE   137,764 0 0
Ameriana Bancorp Common 023613102 1,789 117,283 SH   SOLE   117,283 0 0
American Business Bank Common 02475L105 6,093 198,455 SH   SOLE   198,455 0 0
American Homes 4 Rent Common 02665T306 19,795 1,172,000 SH   SOLE   1,172,000 0 0
American River Bankshares Common 029326105 1,211 132,333 SH   SOLE   132,333 0 0
American Riviera Bank Common 02932A106 1,695 173,879 SH   SOLE   173,879 0 0
Ameris Bancorp Common 03076K108 1,768 80,551 SH   SOLE   80,551 0 0
Aquesta Financial Holdings, Inc. Common 03842L109 709 82,724 SH   SOLE   82,724 0 0
Aspen Insurance Holdings Limited Common G05384105 4,778 111,712 SH   SOLE   111,712 0 0
Atlantic Coast Financial Corporation Common 048426100 647 158,700 SH   SOLE   158,700 0 0
Auburn National Bancorporation, Inc. Common 050473107 2,913 118,226 SH   SOLE   118,226 0 0
Avidbank Holdings, Inc. Common 05368J103 4,777 417,179 SH   SOLE   417,179 0 0
Banc of California, Inc. Common 05990K106 3,247 279,194 SH   SOLE   279,194 0 0
Bancorp of New Jersey, Inc. Common 059915108 113 10,000 SH   SOLE   10,000 0 0
BancorpSouth, Inc. Common 059692103 568 28,200 SH   SOLE   28,200 0 0
Bank First National Corporation Common 06211J100 2,045 98,602 SH   SOLE   98,602 0 0
Bank Kentucky Financial Common 062896105 14,794 320,012 SH   SOLE   320,012 0 0
Bank of Commerce Holdings Common 06424J103 2,129 346,821 SH   SOLE   346,821 0 0
Bank of Marin Bancorp Common 063425102 17,220 375,241 SH   SOLE   375,241 0 0
Bank of Napa, N.A. Common 063770101 172 21,500 SH   SOLE   21,500 0 0
Bank of Santa Clarita Common 06424K100 989 109,891 SH   SOLE   109,891 0 0
BankFinancial Corporation Common 06643P104 745 71,772 SH   SOLE   71,772 0 0
Bankwell Financial Group, Inc. Common 06654A103 3,250 171,300 SH   SOLE   171,300 0 0
Banner Corporation Common 06652V208 17,500 454,908 SH   SOLE   454,908 0 0
Bar Harbor Bankshares Common 066849100 3,125 108,008 SH   SOLE   108,008 0 0
Baraboo Bancorporation, Inc. Common 067021105 603 268,094 SH   SOLE   268,094 0 0
Bay Commercial Bank Common 072199102 4,819 424,615 SH   SOLE   424,615 0 0
Baylake Corp. Common 072788102 1,708 141,600 SH   SOLE   141,600 0 0
Beneficial Mutual Bancorp, Inc. Common 08173R104 2,358 184,505 SH   SOLE   184,505 0 0
Blackhawk Bancorp, Inc. Common 09237E204 2,151 138,744 SH   SOLE   138,744 0 0
Boston Private Financial Holdings, Inc. Common 101119105 29,468 2,378,363 SH   SOLE   2,378,363 0 0
Bridge Bancorp Inc. Common 108035106 1,774 75,024 SH   SOLE   75,024 0 0
Bridge Capital Holdings Common 108030107 8,562 376,509 SH   SOLE   376,509 0 0
Bryn Mawr Bank Corporation Common 117665109 4,390 154,952 SH   SOLE   154,952 0 0
BSB Bancorp, Inc. Common 05573H108 12,485 677,812 SH   SOLE   677,812 0 0
California Bank of Commerce Common 13005C101 3,986 332,186 SH   SOLE   332,186 0 0
Cambridge Bancorp Common 132152109 16,714 359,450 SH   SOLE   359,450 0 0
Capital Bank Financial Corp. Common 139794101 13,624 570,524 SH   SOLE   570,524 0 0
Capital City Bank Group, Inc. Common 139674105 439 32,400 SH   SOLE   32,400 0 0
Capital Pacific Bancorp Common 14042V102 1,518 163,267 SH   SOLE   163,267 0 0
Cardinal Financial Corporation Common 14149F109 2,646 155,030 SH   SOLE   155,030 0 0
Carolina Bank Holdings, Inc. Common 143785103 223 22,500 SH   SOLE   22,500 0 0
Carolina Trust Bank Common 144200102 1,838 371,214 SH   SOLE   371,214 0 0
Carter Bank & Trust Common 146102108 1,646 140,652 SH   SOLE   140,652 0 0
Cashmere Valley Bank Common 14756K102 1,162 34,438 SH   SOLE   34,438 0 0
CBOE Holdings Common 12503M108 535 10,000 SH   SOLE   10,000 0 0
CBOE Holdings - Put short position Common 12503M958 9 100 SH Put SOLE   100 0 0
CCFNB Bancorp Inc. Common 124880105 222 6,000 SH   SOLE   6,000 0 0
Centerpointe Community Bank Common 15200G100 220 31,200 SH   SOLE   31,200 0 0
Centerstate Banks of Florida, Inc. Common 15201P109 20,255 1,956,973 SH   SOLE   1,956,973 0 0
Central Pacific Financial Corp. Common 154760409 17,285 964,020 SH   SOLE   964,020 0 0
Central Valley Community Bancorp Common 155685100 8,634 752,118 SH   SOLE   752,118 0 0
Centrix Bank & Trust Common 15640A101 6,149 150,450 SH   SOLE   150,450 0 0
Century Bancorp, Inc. Common 156432106 2,897 83,688 SH   SOLE   83,688 0 0
Century Financial Corporation Common 15652L102 611 48,512 SH   SOLE   48,512 0 0
Charter Financial Corporation Common 16122W108 4,191 391,719 SH   SOLE   391,719 0 0
Chemical Financial Corp. Common 163731102 6,050 225,000 SH   SOLE   225,000 0 0
Chicopee Bancorp, Inc. Common 168565109 2,028 135,730 SH   SOLE   135,730 0 0
Citizens Financial Services Common 174615104 1,778 33,555 SH   SOLE   33,555 0 0
Clifton Bancorp Inc. Common 186873105 1,867 148,332 SH   SOLE   148,332 0 0
CNB Financial Corporation Common 126128107 417 26,567 SH   SOLE   26,567 0 0
Coastal Banking Co., Inc. Common 19041N100 577 64,796 SH   SOLE   64,796 0 0
CoBiz Financial Inc. Common 190897108 22,974 2,054,932 SH   SOLE   2,054,932 0 0
Codorus Valley Bancorp, Inc. Common 192025104 10,363 506,724 SH   SOLE   506,724 0 0
Commerce Union Bancshares, Inc. Common 200828101 495 39,600 SH   SOLE   39,600 0 0
CommerceWest Bank Common 20084T103 2,134 152,444 SH   SOLE   152,444 0 0
Community Bank of Santa Maria Common 203598107 1,727 183,681 SH   SOLE   183,681 0 0
Community Bankers Trust Corporation Common 203612106 4,294 982,645 SH   SOLE   982,645 0 0
Community Financial Corporation Common 20368X101 4,845 233,700 SH   SOLE   233,700 0 0
Community Southern Holdings, Inc. Common 20405E108 1,333 163,589 SH   SOLE   163,589 0 0
ConnectOne Bancorp, Inc. Common 20786W107 4,172 219,000 SH   SOLE   219,000 0 0
Consumers Bancorp, Inc. Common 210509105 2,531 136,792 SH   SOLE   136,792 0 0
Cordia Bancorp Inc. Common 218513109 674 188,235 SH   SOLE   188,235 0 0
Cornerstone Bancshares, Inc. Common 218924108 1,168 389,406 SH   SOLE   389,406 0 0
Cornerstone Financial Common 21925G102 270 93,071 SH   SOLE   93,071 0 0
CU Bancorp Common 126534106 14,647 779,102 SH   SOLE   779,102 0 0
DCB Financial Corp Common 233075100 4,471 600,941 SH   SOLE   600,941 0 0
Diamond Hill Investment Group, Inc. Common 25264R207 1,881 15,288 SH   SOLE   15,288 0 0
DNB Financial Corporation Common 233237106 1,100 51,292 SH   SOLE   51,292 0 0
Eagle Bancorp, Inc. Common 268948106 23,756 746,584 SH   SOLE   746,584 0 0
Eagle Financial Services Inc. Common 26951R104 1,126 47,612 SH   SOLE   47,612 0 0
Eastern Virginia Bankshares, Inc. Common 277196101 1,398 224,800 SH   SOLE   224,800 0 0
Embassy Bancorp, Inc. Common 290791102 392 45,000 SH   SOLE   45,000 0 0
Enterprise Bancorp, Inc. Common 293668109 2,801 148,661 SH   SOLE   148,661 0 0
Enterprise Financial Services Corp Common 293712105 26,254 1,570,214 SH   SOLE   1,570,214 0 0
ESSA Bancorp, Inc. Common 29667D104 1,314 116,286 SH   SOLE   116,286 0 0
F.N.B. Corporation Common 302520101 395 32,968 SH   SOLE   32,968 0 0
Farmers National Banc Corp. Common 309627107 3,506 438,850 SH   SOLE   438,850 0 0
Fauquier Bancshares, Inc. Common 312059108 2,961 182,128 SH   SOLE   182,128 0 0
FCB Financial Holdings, Inc. Common 30255G103 2,871 126,400 SH   SOLE   126,400 0 0
Federated National Holding Company Common 31422T101 2,079 74,000 SH   SOLE   74,000 0 0
Fentura Financial, Inc. Common 314645102 755 77,337 SH   SOLE   77,337 0 0
Fidelity Southern Corporation Common 316394105 20,048 1,463,329 SH   SOLE   1,463,329 0 0
Financial Institutions, Inc. Common 317585404 1,450 64,485 SH   SOLE   64,485 0 0
First America Holdings Corporation Common 318476108 691 106,250 SH   SOLE   106,250 0 0
First Bancorp Common 318910106 6,314 394,122 SH   SOLE   394,122 0 0
First Bancshares, Inc. Common 318916103 6,222 430,554 SH   SOLE   430,554 0 0
First Bank Common 31931U102 2,306 375,000 SH   SOLE   375,000 0 0
First Busey Corporation Common 319383105 82 14,700 SH   SOLE   14,700 0 0
First Business Financial Services Common 319390100 13,214 301,000 SH   SOLE   301,000 0 0
First Capital Bancorp, Inc. Common 319438107 630 141,514 SH   SOLE   141,514 0 0
First Citizens Bancorporation, Inc. Common 319460101 9,915 10,752 SH   SOLE   10,752 0 0
First Community Corporation Common 319835104 2,431 228,509 SH   SOLE   228,509 0 0
First Community Financial Partners, Inc. Common 31985Q106 2,166 458,032 SH   SOLE   458,032 0 0
First Defiance Financial Corp. Common 32006W106 1,741 64,463 SH   SOLE   64,463 0 0
First Financial Northwest, Inc. Common 32022K102 288 28,200 SH   SOLE   28,200 0 0
First Financial Service Corporation Common 32022D108 426 115,338 SH   SOLE   115,338 0 0
First Merchants Corp. Common 320817109 14,335 709,280 SH   SOLE   709,280 0 0
First Midwest Bancorp, Inc. Common 320867104 23,735 1,475,110 SH   SOLE   1,475,110 0 0
First National Corporation Common 32106V107 2,989 364,474 SH   SOLE   364,474 0 0
First NBC Bank Common 32115D106 22,224 678,583 SH   SOLE   678,583 0 0
First Northern Community Bancorp Common 335925103 1,689 223,695 SH   SOLE   223,695 0 0
First of Long Island Corp. Common 320734106 4,812 139,695 SH   SOLE   139,695 0 0
First Security Group, Inc. Common 336312202 6,465 3,265,000 SH   SOLE   3,265,000 0 0
First Security, Inc. Common 336327101 2,379 83,942 SH   SOLE   83,942 0 0
First United Bancorp Common 33740N105 3,110 365,042 SH   SOLE   365,042 0 0
First Virginia Community Bank Common 337480107 3,600 240,000 SH   SOLE   240,000 0 0
Flagstar Bancorp, Inc. Common 337930705 835 49,600 SH   SOLE   49,600 0 0
FNB Bancorp Common 302515101 6,165 221,751 SH   SOLE   221,751 0 0
Focus Business Bank Common 34415X105 181 19,079 SH   SOLE   19,079 0 0
Foresight Financial Group, Inc. Common 345526107 1,146 59,675 SH   SOLE   59,675 0 0
Fox Chase Bancorp, Inc. Common 35137T108 627 38,429 SH   SOLE   38,429 0 0
Genworth Financial, Inc. Common 37247D106 4,190 319,822 SH   SOLE   319,822 0 0
Georgia-Carolina Bancshares, Inc. Common 373145101 7,532 344,719 SH   SOLE   344,719 0 0
Glen Burnie Bancorp Common 377407101 894 70,849 SH   SOLE   70,849 0 0
Greater Sacramento Bancorp Common 39233Q109 3,385 199,116 SH   SOLE   199,116 0 0
Guaranty Bancorp Common 40075T607 1,904 140,942 SH   SOLE   140,942 0 0
Guaranty Federal Bancshares, Inc. Common 40108P101 2,756 225,000 SH   SOLE   225,000 0 0
Heritage Bankshares, Inc. Common 42721M101 1,277 83,390 SH   SOLE   83,390 0 0
Heritage Commerce Corp Common 426927109 12,874 1,568,091 SH   SOLE   1,568,091 0 0
Heritage Financial Corporation Common 42722X106 11,250 710,212 SH   SOLE   710,212 0 0
Heritage Financial Group Common 42726X102 10,757 532,797 SH   SOLE   532,797 0 0
Heritage Oaks Bancorp Common 42724R107 11,014 1,573,478 SH   SOLE   1,573,478 0 0
Hilltop Holdings Inc. Common 432748101 4,562 227,532 SH   SOLE   227,532 0 0
Hingham Institution for Savings Common 433323102 3,234 39,652 SH   SOLE   39,652 0 0
HMN Financial Common 40424G108 198 15,000 SH   SOLE   15,000 0 0
Home Federal Bancorp, Inc. of Louisiana Common 43708L108 1,105 57,425 SH   SOLE   57,425 0 0
HomeTown Bankshares Corporation Common 43787N108 1,081 171,618 SH   SOLE   171,618 0 0
HopFed Bancorp, Inc. Common 439734104 1,809 157,300 SH   SOLE   157,300 0 0
Howard Bancorp, Inc. Common 442496105 105 10,187 SH   SOLE   10,187 0 0
Hudson Valley Holding Corp. Common 444172100 4,857 267,609 SH   SOLE   267,609 0 0
Iberiabank Corp Common 450828108 4,438 71,004 SH   SOLE   71,004 0 0
Idaho Independent Bank Common 45129P105 563 79,488 SH   SOLE   79,488 0 0
Illini Corporation Common 45177K206 1,565 35,432 SH   SOLE   35,432 0 0
Independent Alliance Banks, Inc. Common 45380E104 1,105 47,413 SH   SOLE   47,413 0 0
Independent Bank Corp. Common 453836108 528 14,793 SH   SOLE   14,793 0 0
Independent Bank Corporation Common 453838609 3,086 258,900 SH   SOLE   258,900 0 0
Independent Bank Group, Inc Common 45384B106 1,827 38,500 SH   SOLE   38,500 0 0
Intermountain Community Bancorp Common 45881M308 3,455 184,368 SH   SOLE   184,368 0 0
Investar Holding Common 46134L105 3,325 250,000 SH   SOLE   250,000 0 0
Jacksonville Bancorp, Inc. Common 469249205 581 53,850 SH   SOLE   53,850 0 0
John Marshall Bank Common 47804G103 3,458 190,000 SH   SOLE   190,000 0 0
Kearny Financial Corp. Common 487169104 269 20,200 SH   SOLE   20,200 0 0
Lake Shore Bancorp Common 510700107 1,552 123,154 SH   SOLE   123,154 0 0
Lakeland Bancorp, Inc. Common 511637100 11,991 1,228,592 SH   SOLE   1,228,592 0 0
Lakeland Financial Corporation Common 511656100 1,466 39,092 SH   SOLE   39,092 0 0
Ledyard Financial Group, Inc. Common 523338101 1,651 33,020 SH   SOLE   33,020 0 0
Lighthouse Bank Common 53223T106 504 42,179 SH   SOLE   42,179 0 0
LSB Financial Corp. Common 501925101 1,558 38,767 SH   SOLE   38,767 0 0
Mackinac Financial Corporation Common 554571109 5,678 502,509 SH   SOLE   502,509 0 0
MainSource Financial Group, Inc. Common 56062Y102 3,294 190,938 SH   SOLE   190,938 0 0
MainStreet Bank Common 56064A102 1,038 129,751 SH   SOLE   129,751 0 0
Malvern Bancorp, Inc. Common 561409103 321 28,198 SH   SOLE   28,198 0 0
MB Financial, Inc. Common 55264U108 19,235 694,921 SH   SOLE   694,921 0 0
MBT Financial Corp. Common 578877102 2,708 566,536 SH   SOLE   566,536 0 0
Mercantile Bank Corporation Common 587376104 22,720 1,192,626 SH   SOLE   1,192,626 0 0
Merchants Financial Group, Inc. Common 588538108 1,166 30,881 SH   SOLE   30,881 0 0
Metro Bancorp Inc. Common 59161R101 9,600 395,856 SH   SOLE   395,856 0 0
Middlefield Banc Corp. Common 596304204 879 25,963 SH   SOLE   25,963 0 0
Midsouth Bancorp, Inc. Common 598039105 1,246 66,622 SH   SOLE   66,622 0 0
Mission Valley Bancorp Common 60520E104 359 59,835 SH   SOLE   59,835 0 0
Monarch Community Bancorp Inc. Common 609045208 2,465 850,000 SH   SOLE   850,000 0 0
National Bank Holdings Corporation Common 633707104 12,231 639,700 SH   SOLE   639,700 0 0
National General Holdings Corporation Common 636220303 2,027 120,000 SH   SOLE   120,000 0 0
NI Bancshares Corporation Common 62913U109 1,372 35,201 SH   SOLE   35,201 0 0
North Dallas Bank & Trust Co. Common 659012108 4,731 80,187 SH   SOLE   80,187 0 0
North State Bancorp Common 662585108 685 110,478 SH   SOLE   110,478 0 0
North Valley Bancorp Common 66304M204 1,169 54,191 SH   SOLE   54,191 0 0
Northeast Community Bancorp, Inc. Common 664112109 2,871 414,307 SH   SOLE   414,307 0 0
Northfield Bancorp, Inc. Common 66611T108 251 18,447 SH   SOLE   18,447 0 0
Northway Financial, Inc. Common 667270201 1,006 49,809 SH   SOLE   49,809 0 0
Northwest Bancorporation, Inc. Common 667337109 1,295 163,451 SH   SOLE   163,451 0 0
NorthWest Indiana Bancorp Common 667516108 6,264 243,244 SH   SOLE   243,244 0 0
Oak Ridge Financial Services, Inc. Common 671768109 1,078 147,739 SH   SOLE   147,739 0 0
Oak Valley Bancorp Common 671807105 4,349 433,591 SH   SOLE   433,591 0 0
OceanFirst Financial Corp. Common 675234108 2,460 154,627 SH   SOLE   154,627 0 0
Old Line Bancshares, Inc. Common 67984M100 10,523 679,809 SH   SOLE   679,809 0 0
Old National Bancorp Common 680033107 6,203 478,260 SH   SOLE   478,260 0 0
Old Point Financial Corporation Common 680194107 323 21,927 SH   SOLE   21,927 0 0
Old Second Bancorp, Inc. Common 680277100 11,205 2,329,484 SH   SOLE   2,329,484 0 0
Orange County Bancorp Common 68417L107 3,670 91,743 SH   SOLE   91,743 0 0
Oregon Pacific Bancorp Common 686040205 65 21,659 SH   SOLE   21,659 0 0
Orrstown Financial Services, Inc Common 687380105 2,511 153,979 SH   SOLE   153,979 0 0
Pacific Continental Corporation Common 69412V108 16,220 1,262,231 SH   SOLE   1,262,231 0 0
Pacific Premier Bancorp, Inc. Common 69478X105 525 37,400 SH   SOLE   37,400 0 0
Palmetto Bancshares, Inc. Common 697062206 3,918 277,095 SH   SOLE   277,095 0 0
Paragon Financial Solutions, Inc. Common 69912S100 505 85,518 SH   SOLE   85,518 0 0
Park Sterling Corp. Common 70086Y105 16,765 2,528,730 SH   SOLE   2,528,730 0 0
Parke Bancorp, Inc. Common 700885106 2,373 224,972 SH   SOLE   224,972 0 0
Peapack-Gladstone Financial Corporation Common 704699107 13,915 795,166 SH   SOLE   795,166 0 0
Peoples Bancorp Inc. Common 709789101 2,850 120,000 SH   SOLE   120,000 0 0
Peoples Bancorp of North Carolina, Inc. Common 710577107 2,003 118,130 SH   SOLE   118,130 0 0
People's Bank of Commerce Common 710311101 1,361 144,800 SH   SOLE   144,800 0 0
Peoples Federal Bancshares, Inc. Common 711037101 1,020 50,980 SH   SOLE   50,980 0 0
Pinnacle Bank Common 72346K107 571 78,240 SH   SOLE   78,240 0 0
Pinnacle Financial Partners, Inc. Common 72346Q104 203 5,629 SH   SOLE   5,629 0 0
Preferred Bank Common 740367404 622 27,600 SH   SOLE   27,600 0 0
Premier Commercial Bancorp Common 74048M100 1,994 455,151 SH   SOLE   455,151 0 0
Presidio Bank Common 74101A100 1,771 147,600 SH   SOLE   147,600 0 0
PrivateBancorp, Inc. Common 742962103 1,062 35,500 SH   SOLE   35,500 0 0
PSB Holdings Common 69360W108 768 105,486 SH   SOLE   105,486 0 0
PSB Holdings, Inc. Common 69360N108 3,281 97,079 SH   SOLE   97,079 0 0
Puget Sound Bank Common 74531Y108 1,341 96,487 SH   SOLE   96,487 0 0
QCR Holdings, Inc. Common 74727A104 7,690 435,435 SH   SOLE   435,435 0 0
QNB Corp. Common 74726N107 2,011 74,487 SH   SOLE   74,487 0 0
Quaint Oak Bancorp Common 74732T106 1,553 86,500 SH   SOLE   86,500 0 0
Republic First Bancorp, Inc. Common 760416107 2,610 670,900 SH   SOLE   670,900 0 0
River City Bank Common 76803X106 767 6,852 SH   SOLE   6,852 0 0
River Valley Bancorp Common 768475105 2,842 132,500 SH   SOLE   132,500 0 0
Riverview Bancorp, Inc. Common 769397100 4,132 1,035,564 SH   SOLE   1,035,564 0 0
Royal Financial, Inc. Common 78027P109 1,471 184,982 SH   SOLE   184,982 0 0
Salisbury Bancorp, Inc. Common 795226109 663 24,606 SH   SOLE   24,606 0 0
San Diego Private Bank Common 79744Y100 3,674 274,189 SH   SOLE   274,189 0 0
Sandy Spring Bancorp Inc. Common 800363103 21,397 934,784 SH   SOLE   934,784 0 0
SBM Financial - Maine Common 78404H100 1,543 18,000 SH   SOLE   18,000 0 0
SBT Bancorp, Inc. Common 78391C106 1,279 58,935 SH   SOLE   58,935 0 0
Seacoast Banking Corporation of Florida Common 811707801 7,586 694,029 SH   SOLE   694,029 0 0
Security California Bancorp Common 81412M103 5,176 492,955 SH   SOLE   492,955 0 0
Select Bancorp, Inc. Common 81617L108 1,198 160,767 SH   SOLE   160,767 0 0
ServisFirst Bancshares, Inc. Common 81768T108 3,041 105,600 SH   SOLE   105,600 0 0
Shore Bancshares, Inc. Common 825107105 3,701 411,204 SH   SOLE   411,204 0 0
Sierra Bancorp Common 82620P102 8,107 483,735 SH   SOLE   483,735 0 0
Silvercrest Asset Management Group Inc. Common 828359109 2,724 200,000 SH   SOLE   200,000 0 0
Southcoast Financial Corporation Common 84129R100 1,811 255,080 SH   SOLE   255,080 0 0
SouthCrest Financial Group, Inc. Common 84129X107 1,254 251,400 SH   SOLE   251,400 0 0
Southeastern Bank Financial Corporation Common 841584105 3,411 139,789 SH   SOLE   139,789 0 0
Southern First Bancshares, Inc. Common 842873101 5,435 389,904 SH   SOLE   389,904 0 0
Southern Michigan Bancorp Inc. Common 84336P103 842 42,100 SH   SOLE   42,100 0 0
Southern National Bancorp of Virginia,Inc. Common 843395104 7,384 637,087 SH   SOLE   637,087 0 0
Southwest Bancorp, Inc. Common 844767103 14,977 913,207 SH   SOLE   913,207 0 0
Square 1 Financial, Inc. Common 85223W101 2,885 150,000 SH   SOLE   150,000 0 0
State Bank Financial Corporation Common 856190103 22,956 1,413,551 SH   SOLE   1,413,551 0 0
Stifel Financial Corp. Common 860630102 10,602 226,096 SH   SOLE   226,096 0 0
Stock Yards Bancorp, Inc. Common 861025104 10,506 349,023 SH   SOLE   349,023 0 0
Stonegate Bank Common 861811107 12,644 491,017 SH   SOLE   491,017 0 0
Suffolk Bancorp Common 864739107 19,869 1,023,643 SH   SOLE   1,023,643 0 0
Summit State Bank Common 866264203 558 43,000 SH   SOLE   43,000 0 0
Sun Bancorp, Inc. Common 86663B102 442 24,380 SH   SOLE   24,380 0 0
Sussex Bancorp Common 869245100 1,676 167,888 SH   SOLE   167,888 0 0
SVB Financial Group Common 78486Q101 3,318 29,600 SH   SOLE   29,600 0 0
Talmer Bancorp, Inc. Common 87482X101 2,766 200,000 SH   SOLE   200,000 0 0
Texas Capital Bancshares, Inc. Common 88224Q107 8,120 140,772 SH   SOLE   140,772 0 0
The First Bancorp, Inc. Common 31866P102 1,917 115,000 SH   SOLE   115,000 0 0
Town and Country Financial Corporation Common 892039108 639 57,014 SH   SOLE   57,014 0 0
TriCo Bancshares Common 896095106 995 44,000 SH   SOLE   44,000 0 0
TriState Capital Holdings, Inc. Common 89678F100 8,638 952,407 SH   SOLE   952,407 0 0
Two Rivers Financial Group, Inc. Common 90206L106 1,613 72,487 SH   SOLE   72,487 0 0
Union Bankshares Corporation Common 90539J109 12,598 545,351 SH   SOLE   545,351 0 0
United Community Banks, Inc. Common 90984P303 1,837 111,604 SH   SOLE   111,604 0 0
United Financial Bancorp, Inc. Common 910304104 3,151 248,287 SH   SOLE   248,287 0 0
United Insurance Holdings Corp. Common 910710102 2,901 193,369 SH   SOLE   193,369 0 0
Unity Bancorp, Inc. Common 913290102 4,677 485,679 SH   SOLE   485,679 0 0
Univest Corporation of Pennsylvania Common 915271100 3,607 192,361 SH   SOLE   192,361 0 0
Valley Commerce Bancorp Common 919518100 3,345 224,219 SH   SOLE   224,219 0 0
Valley Financial Corporation Common 919629105 4,827 394,010 SH   SOLE   394,010 0 0
ViewPoint Financial Group, Inc. Common 92672A101 5,245 219,072 SH   SOLE   219,072 0 0
Virginia Heritage Bank Common 927819102 4,202 148,738 SH   SOLE   148,738 0 0
Virginia National Bankshares Corp. Common 928031103 3,427 146,909 SH   SOLE   146,909 0 0
W.T.B. Financial Corporation Common 929334209 8,778 49,875 SH   SOLE   49,875 0 0
Washington Trust Bancorp, Inc. Common 940610108 1,315 39,875 SH   SOLE   39,875 0 0
WashingtonFirst Bankshares, Inc. Common 940730104 879 58,632 SH   SOLE   58,632 0 0
Waterstone Financial, Inc. Common 94188P101 7,942 687,587 SH   SOLE   687,587 0 0
West Bancorporation, Inc. Common 95123P106 4,318 305,578 SH   SOLE   305,578 0 0
West Suburban Bancorp, Inc. Common 956152409 1,092 3,153 SH   SOLE   3,153 0 0
Westbury Bancorp, Inc. Common 95727P106 1,502 99,800 SH   SOLE   99,800 0 0
Westfield Financial Inc. Common 96008P104 3,241 459,026 SH   SOLE   459,026 0 0
Wintrust Financial Corporation Common 97650W108 17,124 383,352 SH   SOLE   383,352 0 0
Xenith Bankshares, Inc. Common 98410X105 2,160 341,159 SH   SOLE   341,159 0 0
Yadkin Financial Corporation Common 984305102 4,314 237,561 SH   SOLE   237,561 0 0