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 1,640 144,382 SH   SOLE 144,382 0 0 0
1st Colonial Bancorp Common 319716106 1,265 194,580 SH   SOLE 194,580 0 0 0
1st Constitution Bancorp Common 31986N102 5,986 549,708 SH   SOLE 549,708 0 0 0
1st Enterprise Bank Common 32008C108 7,146 274,731 SH   SOLE 274,731 0 0 0
Access National Corporation Common 004337101 2,331 137,764 SH   SOLE 137,764 0 0 0
AJS Bancorp, Inc. Common 001503101 197 14,500 SH   SOLE 14,500 0 0 0
AMB Financial Corp. Common 001984103 891 93,750 SH   SOLE 93,750 0 0 0
Ameriana Bancorp Common 023613102 2,170 117,283 SH   SOLE 117,283 0 0 0
American Business Bank Common 02475L105 6,611 238,146 SH   SOLE 238,146 0 0 0
American Homes 4 Rent Common 02665T306 13,587 797,800 SH   SOLE 797,800 0 0 0
American River Bankshares Common 029326105 1,274 135,258 SH   SOLE 135,258 0 0 0
American Riviera Bank Common 02932A106 2,158 227,887 SH   SOLE 227,887 0 0 0
Ameris Bancorp Common 03076K108 2,065 80,551 SH   SOLE 80,551 0 0 0
Aquesta Financial Holdings, Inc. Common 03842L109 967 116,218 SH   SOLE 116,218 0 0 0
Aspen Insurance Holdings Limited Common G05384105 4,890 111,712 SH   SOLE 111,712 0 0 0
Atlantic Coast Financial Corporation Common 048426100 638 160,600 SH   SOLE 160,600 0 0 0
Auburn National Bancorporation, Inc. Common 050473107 2,821 119,326 SH   SOLE 119,326 0 0 0
Avidbank Holdings, Inc. Common 05368J103 5,027 417,179 SH   SOLE 417,179 0 0 0
Banc of California, Inc. Common 05990K106 2,962 258,204 SH   SOLE 258,204 0 0 0
Bancorp of New Jersey, Inc. Common 059915108 114 10,000 SH   SOLE 10,000 0 0 0
Bank First National Corporation Common 06211J100 2,475 109,252 SH   SOLE 109,252 0 0 0
Bank Kentucky Financial Common 062896105 11,571 239,712 SH   SOLE 239,712 0 0 0
Bank of Commerce Holdings Common 06424J103 2,180 365,851 SH   SOLE 365,851 0 0 0
Bank of Marin Bancorp Common 063425102 19,273 366,469 SH   SOLE 366,469 0 0 0
Bank of Napa, N.A. Common 063770101 183 21,500 SH   SOLE 21,500 0 0 0
Bank of Santa Clarita Common 06424K100 1,096 119,816 SH   SOLE 119,816 0 0 0
Bank of Southern California, N. A. Common 065104101 2,080 320,000 SH   SOLE 320,000 0 0 0
BankFinancial Corporation Common 06643P104 1,107 93,376 SH   SOLE 93,376 0 0 0
Bankwell Financial Group, Inc. Common 06654A103 3,597 171,300 SH   SOLE 171,300 0 0 0
Banner Corporation Common 06652V208 19,570 454,908 SH   SOLE 454,908 0 0 0
Bar Harbor Bankshares Common 066849100 3,456 108,008 SH   SOLE 108,008 0 0 0
Baraboo Bancorporation, Inc. Common 067021105 327 171,937 SH   SOLE 171,937 0 0 0
Bay Commercial Bank Common 072199102 5,352 449,715 SH   SOLE 449,715 0 0 0
Baylake Corp. Common 072788102 2,493 199,600 SH   SOLE 199,600 0 0 0
Beneficial Mutual Bancorp, Inc. Common 08173R104 149 12,103 SH   SOLE 12,103 0 0 0
Blackhawk Bancorp, Inc. Common 09237E204 2,337 153,244 SH   SOLE 153,244 0 0 0
Boston Private Financial Holdings, Inc. Common 101119105 30,016 2,228,363 SH   SOLE 2,228,363 0 0 0
Bridge Bancorp Inc. Common 108035106 2,007 75,024 SH   SOLE 75,024 0 0 0
Bridge Capital Holdings Common 108030107 8,426 376,509 SH   SOLE 376,509 0 0 0
Bryn Mawr Bank Corporation Common 117665109 4,850 154,952 SH   SOLE 154,952 0 0 0
BSB Bancorp, Inc. Common 05573H108 12,894 692,095 SH   SOLE 692,095 0 0 0
California Bank of Commerce Common 13005C101 3,970 332,186 SH   SOLE 332,186 0 0 0
Cambridge Bancorp Common 132152109 16,602 357,026 SH   SOLE 357,026 0 0 0
Capital Bank Financial Corp. Common 139794101 15,960 595,524 SH   SOLE 595,524 0 0 0
Capital City Bank Group, Inc. Common 139674105 503 32,400 SH   SOLE 32,400 0 0 0
Capital Pacific Bancorp Common 14042V102 3,621 230,637 SH   SOLE 230,637 0 0 0
Cardinal Financial Corporation Common 14149F109 3,074 155,030 SH   SOLE 155,030 0 0 0
Carolina Bank Holdings, Inc. Common 143785103 217 22,500 SH   SOLE 22,500 0 0 0
Carolina Trust Bank Common 144200102 1,875 371,214 SH   SOLE 371,214 0 0 0
Carter Bank & Trust Common 146102108 2,523 198,686 SH   SOLE 198,686 0 0 0
Cashmere Valley Bank Common 14756K102 1,547 43,892 SH   SOLE 43,892 0 0 0
CBOE Holdings Common 12503M108 634 10,000 SH   SOLE 10,000 0 0 0
CBOE Holdings - Put short position Common 12503M958 1 100 SH Put SOLE 100 0 0 0
CCFNB Bancorp Inc. Common 124880105 231 6,000 SH   SOLE 6,000 0 0 0
Centerpointe Community Bank Common 15200G100 218 31,200 SH   SOLE 31,200 0 0 0
CenterState Banks, Inc. Common 15201P109 23,308 1,956,973 SH   SOLE 1,956,973 0 0 0
Central Pacific Financial Corp. Common 154760409 21,075 980,253 SH   SOLE 980,253 0 0 0
Central Valley Community Bancorp Common 155685100 8,424 760,318 SH   SOLE 760,318 0 0 0
Century Bancorp, Inc. Common 156432106 3,353 83,688 SH   SOLE 83,688 0 0 0
Century Financial Corporation Common 15652L102 722 57,512 SH   SOLE 57,512 0 0 0
Charter Financial Corporation Common 16122W108 4,768 416,395 SH   SOLE 416,395 0 0 0
Chemical Financial Corp. Common 163731102 4,790 156,345 SH   SOLE 156,345 0 0 0
Chicopee Bancorp, Inc. Common 168565109 2,575 153,730 SH   SOLE 153,730 0 0 0
Citizens Financial Services Common 174615104 1,762 32,847 SH   SOLE 32,847 0 0 0
Clifton Bancorp Inc. Common 186873105 2,016 148,332 SH   SOLE 148,332 0 0 0
CNB Financial Corporation Common 126128107 491 26,567 SH   SOLE 26,567 0 0 0
Coastal Banking Co., Inc. Common 19041N100 621 67,096 SH   SOLE 67,096 0 0 0
CoBiz Financial Inc. Common 190897108 27,302 2,079,373 SH   SOLE 2,079,373 0 0 0
Codorus Valley Bancorp, Inc. Common 192025104 10,704 544,183 SH   SOLE 544,183 0 0 0
Columbia Banking System, Inc. Common 197236102 2,003 72,561 SH   SOLE 72,561 0 0 0
Commerce Union Bancshares, Inc. Common 200828101 515 39,600 SH   SOLE 39,600 0 0 0
CommerceWest Bank Common 20084T103 2,608 199,822 SH   SOLE 199,822 0 0 0
Community Bank of Santa Maria Common 203598107 1,435 183,681 SH   SOLE 183,681 0 0 0
Community Bankers Trust Corporation Common 203612106 4,994 1,129,845 SH   SOLE 1,129,845 0 0 0
Community Financial Corporation Common 20368X101 5,214 259,773 SH   SOLE 259,773 0 0 0
Community National Bank Common 20375W104 868 42,331 SH   SOLE 42,331 0 0 0
Community Southern Holdings, Inc. Common 20405E108 1,499 180,189 SH   SOLE 180,189 0 0 0
ConnectOne Bancorp, Inc. Common 20786W107 4,636 244,000 SH   SOLE 244,000 0 0 0
Consumers Bancorp, Inc. Common 210509105 2,387 136,792 SH   SOLE 136,792 0 0 0
Cordia Bancorp Inc. Common 218513109 1,142 296,741 SH   SOLE 296,741 0 0 0
Cornerstone Bancshares, Inc. Common 218924108 1,289 389,406 SH   SOLE 389,406 0 0 0
Cornerstone Financial Common 21925G102 159 93,071 SH   SOLE 93,071 0 0 0
CU Bancorp Common 126534106 16,682 769,102 SH   SOLE 769,102 0 0 0
DCB Financial Corp Common 233075100 4,417 630,941 SH   SOLE 630,941 0 0 0
Diamond Hill Investment Group, Inc. Common 25264R207 2,110 15,288 SH   SOLE 15,288 0 0 0
DNB Financial Corporation Common 233237106 1,108 51,292 SH   SOLE 51,292 0 0 0
Eagle Bancorp, Inc. Common 268948106 27,891 785,226 SH   SOLE 785,226 0 0 0
Eagle Financial Services Inc. Common 26951R104 1,803 77,386 SH   SOLE 77,386 0 0 0
Eastern Virginia Bankshares, Inc. Common 277196101 1,392 215,078 SH   SOLE 215,078 0 0 0
Embassy Bancorp, Inc. Common 290791102 464 45,000 SH   SOLE 45,000 0 0 0
Enterprise Bancorp, Inc. Common 293668109 3,622 143,461 SH   SOLE 143,461 0 0 0
Enterprise Financial Services Corp Common 293712105 32,184 1,631,241 SH   SOLE 1,631,241 0 0 0
ESSA Bancorp, Inc. Common 29667D104 1,395 116,286 SH   SOLE 116,286 0 0 0
Farmers National Banc Corp. Common 309627107 3,155 377,850 SH   SOLE 377,850 0 0 0
Fauquier Bancshares, Inc. Common 312059108 3,360 182,128 SH   SOLE 182,128 0 0 0
FCB Financial Holdings, Inc. Common 30255G103 3,114 126,400 SH   SOLE 126,400 0 0 0
Federated National Holding Company Common 31422T101 1,788 74,000 SH   SOLE 74,000 0 0 0
Fentura Financial, Inc. Common 314645102 820 82,801 SH   SOLE 82,801 0 0 0
Fidelity Southern Corporation Common 316394105 23,091 1,433,329 SH   SOLE 1,433,329 0 0 0
Financial Institutions, Inc. Common 317585404 1,622 64,485 SH   SOLE 64,485 0 0 0
First America Holdings Corporation Common 318476108 829 106,250 SH   SOLE 106,250 0 0 0
First Bancorp Common 318910106 7,921 428,874 SH   SOLE 428,874 0 0 0
First Bancshares, Inc. Common 318916103 6,507 448,467 SH   SOLE 448,467 0 0 0
First Bank Common 31931U102 2,459 394,000 SH   SOLE 394,000 0 0 0
First Busey Corporation Common 319383105 260 40,000 SH   SOLE 40,000 0 0 0
First Business Financial Services Common 319390100 16,149 337,064 SH   SOLE 337,064 0 0 0
First Capital Bancorp, Inc. Common 319438107 843 191,514 SH   SOLE 191,514 0 0 0
First Citizens BancShares, Inc. Common 31946M103 8,344 33,008 SH   SOLE 33,008 0 0 0
First Community Corporation Common 319835104 4,502 398,019 SH   SOLE 398,019 0 0 0
First Community Financial Partners, Inc. Common 31985Q106 2,855 548,982 SH   SOLE 548,982 0 0 0
First Defiance Financial Corp. Common 32006W106 1,514 44,463 SH   SOLE 44,463 0 0 0
First Financial Northwest, Inc. Common 32022K102 340 28,200 SH   SOLE 28,200 0 0 0
First Financial Service Corporation Common 32022D108 450 115,338 SH   SOLE 115,338 0 0 0
First Merchants Corp. Common 320817109 16,136 709,280 SH   SOLE 709,280 0 0 0
First Midwest Bancorp, Inc. Common 320867104 25,239 1,475,110 SH   SOLE 1,475,110 0 0 0
First National Corporation Common 32106V107 3,153 364,474 SH   SOLE 364,474 0 0 0
First NBC Bank Common 32115D106 23,886 678,583 SH   SOLE 678,583 0 0 0
First Northern Community Bancorp Common 335925103 1,756 221,695 SH   SOLE 221,695 0 0 0
First of Long Island Corp. Common 320734106 5,945 209,543 SH   SOLE 209,543 0 0 0
First Security Group, Inc. Common 336312202 7,379 3,265,000 SH   SOLE 3,265,000 0 0 0
First Security, Inc. Common 336327101 2,413 83,942 SH   SOLE 83,942 0 0 0
First Virginia Community Bank Common 337480107 3,720 240,000 SH   SOLE 240,000 0 0 0
Flagstar Bancorp, Inc. Common 337930705 1,556 98,900 SH   SOLE 98,900 0 0 0
FNB Bancorp Common 302515101 6,461 232,839 SH   SOLE 232,839 0 0 0
Focus Business Bank Common 34415X105 331 35,629 SH   SOLE 35,629 0 0 0
Foresight Financial Group, Inc. Common 345526107 1,740 82,848 SH   SOLE 82,848 0 0 0
Fox Chase Bancorp, Inc. Common 35137T108 641 38,429 SH   SOLE 38,429 0 0 0
Franklin Financial Network, Inc. Common 35352P104 580 33,500 SH   SOLE 33,500 0 0 0
Genworth Financial, Inc. Common 37247D106 2,718 319,822 SH   SOLE 319,822 0 0 0
Georgia-Carolina Bancshares, Inc. Common 373145101 8,600 354,194 SH   SOLE 354,194 0 0 0
Glen Burnie Bancorp Common 377407101 847 70,849 SH   SOLE 70,849 0 0 0
Greater Sacramento Bancorp Common 39233Q109 4,281 199,116 SH   SOLE 199,116 0 0 0
Green Bancorp, Inc. Common 39260X100 2,408 200,000 SH   SOLE 200,000 0 0 0
Guaranty Bancorp Common 40075T607 1,746 120,942 SH   SOLE 120,942 0 0 0
Guaranty Federal Bancshares, Inc. Common 40108P101 2,963 225,000 SH   SOLE 225,000 0 0 0
Heritage Bankshares, Inc. Common 42721M101 1,289 85,890 SH   SOLE 85,890 0 0 0
Heritage Commerce Corp Common 426927109 13,846 1,568,091 SH   SOLE 1,568,091 0 0 0
Heritage Financial Corporation Common 42722X106 12,464 710,212 SH   SOLE 710,212 0 0 0
Heritage Financial Group Common 42726X102 14,107 544,677 SH   SOLE 544,677 0 0 0
Heritage Financial Group (arb) Common 42726X102 699 27,000 SH   SOLE 27,000 0 0 0
Heritage Oaks Bancorp Common 42724R107 13,201 1,573,478 SH   SOLE 1,573,478 0 0 0
Hilltop Holdings Inc. Common 432748101 4,539 227,532 SH   SOLE 227,532 0 0 0
Hingham Institution for Savings Common 433323102 4,026 46,266 SH   SOLE 46,266 0 0 0
HMN Financial Common 40424G108 186 15,000 SH   SOLE 15,000 0 0 0
Home Federal Bancorp, Inc. of Louisiana Common 43708L108 1,122 57,425 SH   SOLE 57,425 0 0 0
HomeTown Bankshares Corporation Common 43787N108 1,184 171,618 SH   SOLE 171,618 0 0 0
HopFed Bancorp, Inc. Common 439734104 2,001 157,300 SH   SOLE 157,300 0 0 0
Howard Bancorp, Inc. Common 442496105 145 12,687 SH   SOLE 12,687 0 0 0
Hudson Valley Holding Corp. Common 444172100 7,268 267,609 SH   SOLE 267,609 0 0 0
Iberiabank Corp Common 450828108 3,956 61,004 SH   SOLE 61,004 0 0 0
Idaho Independent Bank Common 45129P105 1,093 156,210 SH   SOLE 156,210 0 0 0
IF Bancorp, Inc. Common 44951J105 472 27,886 SH   SOLE 27,886 0 0 0
Illini Corporation Common 45177K206 1,534 35,432 SH   SOLE 35,432 0 0 0
Independent Alliance Banks, Inc. Common 45380E104 1,350 54,013 SH   SOLE 54,013 0 0 0
Independent Bank Corp. Common 453836108 633 14,793 SH   SOLE 14,793 0 0 0
Independent Bank Corporation Common 453838609 3,379 258,900 SH   SOLE 258,900 0 0 0
Independent Bank Group, Inc Common 45384B106 1,504 38,500 SH   SOLE 38,500 0 0 0
Investar Holding Common 46134L105 3,463 250,000 SH   SOLE 250,000 0 0 0
Jacksonville Bancorp, Inc. Common 469249205 661 53,850 SH   SOLE 53,850 0 0 0
James River Group Holdings, Ltd. Common G5005R107 1,707 75,000 SH   SOLE 75,000 0 0 0
John Marshall Bank Common 47804G103 3,363 190,000 SH   SOLE 190,000 0 0 0
Kearny Financial Corp. Common 487169104 278 20,200 SH   SOLE 20,200 0 0 0
Lake Shore Bancorp Common 510700107 1,670 123,154 SH   SOLE 123,154 0 0 0
Lakeland Bancorp, Inc. Common 511637100 15,247 1,303,192 SH   SOLE 1,303,192 0 0 0
Lakeland Financial Corporation Common 511656100 1,134 26,092 SH   SOLE 26,092 0 0 0
Ledyard Financial Group, Inc. Common 523338101 1,527 33,020 SH   SOLE 33,020 0 0 0
Lighthouse Bank Common 53223T106 681 42,179 SH   SOLE 42,179 0 0 0
Macatawa Bank Corporation Common 554225102 253 46,524 SH   SOLE 46,524 0 0 0
Mackinac Financial Corporation Common 554571109 6,123 516,707 SH   SOLE 516,707 0 0 0
MainSource Financial Group, Inc. Common 56062Y102 3,994 190,938 SH   SOLE 190,938 0 0 0
MainStreet Bank Common 56064A102 3,148 353,726 SH   SOLE 353,726 0 0 0
Malvern Bancorp, Inc. Common 561409103 1,636 135,319 SH   SOLE 135,319 0 0 0
MB Financial, Inc. Common 55264U108 22,608 688,021 SH   SOLE 688,021 0 0 0
MBT Financial Corp. Common 578877102 3,559 713,186 SH   SOLE 713,186 0 0 0
Mechanics Bank Common 583614102 1,560 60 SH   SOLE 60 0 0 0
Mercantile Bank Corporation Common 587376104 25,395 1,208,125 SH   SOLE 1,208,125 0 0 0
Merchants Financial Group, Inc. Common 588538108 1,235 30,881 SH   SOLE 30,881 0 0 0
Metro Bancorp Inc. Common 59161R101 10,261 395,856 SH   SOLE 395,856 0 0 0
Middlefield Banc Corp. Common 596304204 873 25,963 SH   SOLE 25,963 0 0 0
Midsouth Bancorp, Inc. Common 598039105 1,069 61,622 SH   SOLE 61,622 0 0 0
Mission Valley Bancorp Common 60520E104 581 95,299 SH   SOLE 95,299 0 0 0
Monarch Community Bancorp Inc. Common 609045208 2,491 850,000 SH   SOLE 850,000 0 0 0
National Bank Holdings Corporation Common 633707104 12,417 639,700 SH   SOLE 639,700 0 0 0
National General Holdings Corporation Common 636220303 2,233 120,000 SH   SOLE 120,000 0 0 0
NI Bancshares Corporation Common 62913U109 1,346 35,201 SH   SOLE 35,201 0 0 0
North Dallas Bank & Trust Co. Common 659012108 4,705 80,187 SH   SOLE 80,187 0 0 0
North State Bancorp Common 662585108 779 110,478 SH   SOLE 110,478 0 0 0
Northeast Community Bancorp, Inc. Common 664112109 3,533 489,307 SH   SOLE 489,307 0 0 0
Northway Financial, Inc. Common 667270201 1,048 51,259 SH   SOLE 51,259 0 0 0
Northwest Bancorporation, Inc. Common 667337109 1,626 187,951 SH   SOLE 187,951 0 0 0
NorthWest Indiana Bancorp Common 667516108 6,465 243,951 SH   SOLE 243,951 0 0 0
Oak Ridge Financial Services, Inc. Common 671768109 1,349 171,889 SH   SOLE 171,889 0 0 0
Oak Valley Bancorp Common 671807105 4,427 435,753 SH   SOLE 435,753 0 0 0
OceanFirst Financial Corp. Common 675234108 3,489 203,566 SH   SOLE 203,566 0 0 0
Old Line Bancshares, Inc. Common 67984M100 10,623 671,496 SH   SOLE 671,496 0 0 0
Old National Bancorp Common 680033107 4,525 304,121 SH   SOLE 304,121 0 0 0
Old Point Financial Corporation Common 680194107 329 21,927 SH   SOLE 21,927 0 0 0
Old Second Bancorp, Inc. Common 680277100 13,292 2,475,284 SH   SOLE 2,475,284 0 0 0
Orange County Bancorp Common 68417L107 4,126 94,843 SH   SOLE 94,843 0 0 0
Oregon Pacific Bancorp Common 686040205 62 21,659 SH   SOLE 21,659 0 0 0
Orrstown Financial Services, Inc Common 687380105 2,618 153,979 SH   SOLE 153,979 0 0 0
Pacific Continental Corporation Common 69412V108 18,499 1,304,581 SH   SOLE 1,304,581 0 0 0
Palmetto Bancshares, Inc. Common 697062206 4,665 279,343 SH   SOLE 279,343 0 0 0
Paragon Financial Solutions, Inc. Common 69912S100 961 153,812 SH   SOLE 153,812 0 0 0
Park Sterling Corp. Common 70086Y105 18,513 2,518,730 SH   SOLE 2,518,730 0 0 0
Parke Bancorp, Inc. Common 700885106 2,598 224,972 SH   SOLE 224,972 0 0 0
Peapack-Gladstone Financial Corporation Common 704699107 24,574 1,324,019 SH   SOLE 1,324,019 0 0 0
Peoples Bancorp Inc. Common 709789101 3,423 132,000 SH   SOLE 132,000 0 0 0
Peoples Bancorp of North Carolina, Inc. Common 710577107 2,125 118,130 SH   SOLE 118,130 0 0 0
People's Bank of Commerce Common 710311101 1,460 149,600 SH   SOLE 149,600 0 0 0
Peoples Federal Bancshares, Inc. Common 711037101 1,149 50,980 SH   SOLE 50,980 0 0 0
Pinnacle Bank Common 72346K107 690 93,240 SH   SOLE 93,240 0 0 0
Preferred Bank Common 740367404 770 27,600 SH   SOLE 27,600 0 0 0
Premier Commercial Bancorp Common 74048M100 2,275 483,998 SH   SOLE 483,998 0 0 0
Presidio Bank Common 74101A100 2,158 172,676 SH   SOLE 172,676 0 0 0
PrivateBancorp, Inc. Common 742962103 1,520 45,500 SH   SOLE 45,500 0 0 0
PSB Holdings Common 69360W108 821 105,486 SH   SOLE 105,486 0 0 0
PSB Holdings, Inc. Common 69360N108 2,949 83,079 SH   SOLE 83,079 0 0 0
Puget Sound Bank Common 74531Y108 1,837 122,858 SH   SOLE 122,858 0 0 0
QCR Holdings, Inc. Common 74727A104 7,777 435,435 SH   SOLE 435,435 0 0 0
QNB Corp. Common 74726N107 2,123 74,487 SH   SOLE 74,487 0 0 0
Quaint Oak Bancorp Common 74732T106 1,687 86,500 SH   SOLE 86,500 0 0 0
Republic First Bancorp, Inc. Common 760416107 2,516 670,900 SH   SOLE 670,900 0 0 0
River City Bank Common 76803X106 822 6,852 SH   SOLE 6,852 0 0 0
River Valley Bancorp Common 768475105 2,910 137,500 SH   SOLE 137,500 0 0 0
Riverview Bancorp, Inc. Common 769397100 4,639 1,035,564 SH   SOLE 1,035,564 0 0 0
Royal Financial, Inc. Common 78027P109 1,371 179,182 SH   SOLE 179,182 0 0 0
Salisbury Bancorp, Inc. Common 795226109 673 24,606 SH   SOLE 24,606 0 0 0
San Diego Private Bank Common 79744Y100 3,866 274,189 SH   SOLE 274,189 0 0 0
Sandy Spring Bancorp Inc. Common 800363103 27,196 1,042,789 SH   SOLE 1,042,789 0 0 0
SBM Financial - Maine Common 78404H100 1,538 18,000 SH   SOLE 18,000 0 0 0
SBT Bancorp, Inc. Common 78391C106 1,326 58,935 SH   SOLE 58,935 0 0 0
Seacoast Banking Corporation of Florida Common 811707801 9,543 694,029 SH   SOLE 694,029 0 0 0
Security California Bancorp Common 81412M103 5,728 492,955 SH   SOLE 492,955 0 0 0
Select Bancorp, Inc. Common 81617L108 1,185 160,767 SH   SOLE 160,767 0 0 0
ServisFirst Bancshares, Inc. Common 81768T108 3,974 120,600 SH   SOLE 120,600 0 0 0
Shore Bancshares, Inc. Common 825107105 4,377 468,620 SH   SOLE 468,620 0 0 0
Sierra Bancorp Common 82620P102 8,494 483,735 SH   SOLE 483,735 0 0 0
Silvercrest Asset Management Group Inc. Common 828359109 5,190 331,658 SH   SOLE 331,658 0 0 0
Southcoast Financial Corporation Common 84129R100 1,798 255,080 SH   SOLE 255,080 0 0 0
SouthCrest Financial Group, Inc. Common 84129X107 1,360 251,400 SH   SOLE 251,400 0 0 0
Southeastern Bank Financial Corporation Common 841584105 3,678 141,453 SH   SOLE 141,453 0 0 0
Southern BancShares (N.C.), Inc. Common 842243107 299 179 SH   SOLE 179 0 0 0
Southern First Bancshares, Inc. Common 842873101 9,615 564,904 SH   SOLE 564,904 0 0 0
Southern Michigan Bancorp Inc. Common 84336P103 1,108 52,630 SH   SOLE 52,630 0 0 0
Southern National Bancorp of Virginia,Inc. Common 843395104 7,225 637,087 SH   SOLE 637,087 0 0 0
Southwest Bancorp, Inc. Common 844767103 16,006 922,007 SH   SOLE 922,007 0 0 0
Square 1 Financial, Inc. Common 85223W101 3,705 150,000 SH   SOLE 150,000 0 0 0
State Bank Financial Corporation Common 856190103 28,612 1,432,051 SH   SOLE 1,432,051 0 0 0
Stifel Financial Corp. Common 860630102 11,280 221,096 SH   SOLE 221,096 0 0 0
Stock Yards Bancorp, Inc. Common 861025104 10,503 315,023 SH   SOLE 315,023 0 0 0
Stonegate Bank Common 861811107 14,544 491,017 SH   SOLE 491,017 0 0 0
Suffolk Bancorp Common 864739107 23,774 1,046,843 SH   SOLE 1,046,843 0 0 0
Summit State Bank Common 866264203 597 43,000 SH   SOLE 43,000 0 0 0
Sun Bancorp, Inc. Common 86663B102 473 24,380 SH   SOLE 24,380 0 0 0
Sussex Bancorp Common 869245100 1,821 178,488 SH   SOLE 178,488 0 0 0
SVB Financial Group Common 78486Q101 3,436 29,600 SH   SOLE 29,600 0 0 0
Talmer Bancorp, Inc. Common 87482X101 2,808 200,000 SH   SOLE 200,000 0 0 0
Texas Capital Bancshares, Inc. Common 88224Q107 1,192 21,936 SH   SOLE 21,936 0 0 0
The First Bancorp, Inc. Common 31866P102 2,080 115,000 SH   SOLE 115,000 0 0 0
Town and Country Financial Corporation Common 892039108 682 57,014 SH   SOLE 57,014 0 0 0
TriCo Bancshares Common 896095106 2,102 85,118 SH   SOLE 85,118 0 0 0
TriState Capital Holdings, Inc. Common 89678F100 11,897 1,161,858 SH   SOLE 1,161,858 0 0 0
Triumph Bancorp, Inc. Common 89679E300 2,547 188,000 SH   SOLE 188,000 0 0 0
Two Rivers Financial Group, Inc. Common 90206L106 1,740 72,487 SH   SOLE 72,487 0 0 0
Union Bankshares Corporation Common 90539J109 13,132 545,351 SH   SOLE 545,351 0 0 0
United Community Banks, Inc. Common 90984P303 2,114 111,604 SH   SOLE 111,604 0 0 0
United Financial Bancorp, Inc. Common 910304104 4,484 312,235 SH   SOLE 312,235 0 0 0
United Insurance Holdings Corp. Common 910710102 4,244 193,369 SH   SOLE 193,369 0 0 0
Unity Bancorp, Inc. Common 913290102 5,150 546,130 SH   SOLE 546,130 0 0 0
Univest Corporation of Pennsylvania Common 915271100 2,873 141,947 SH   SOLE 141,947 0 0 0
Valley Commerce Bancorp Common 919518100 3,427 224,719 SH   SOLE 224,719 0 0 0
Valley Financial Corporation Common 919629105 8,370 422,530 SH   SOLE 422,530 0 0 0
Valley National Bancorp, Inc. Common 919794107 665 68,451 SH   SOLE 68,451 0 0 0
Veritex Holdings, Inc. Common 923451108 2,852 201,250 SH   SOLE 201,250 0 0 0
ViewPoint Financial Group, Inc. Common 92672A101 5,225 219,072 SH   SOLE 219,072 0 0 0
Virginia National Bankshares Corp. Common 928031103 3,335 146,909 SH   SOLE 146,909 0 0 0
W.T.B. Financial Corporation Common 929334209 10,059 50,298 SH   SOLE 50,298 0 0 0
Washington Trust Bancorp, Inc. Common 940610108 1,711 42,575 SH   SOLE 42,575 0 0 0
WashingtonFirst Bankshares, Inc. Common 940730104 1,896 125,299 SH   SOLE 125,299 0 0 0
Waterstone Financial, Inc. Common 94188P101 9,509 723,107 SH   SOLE 723,107 0 0 0
West Bancorporation, Inc. Common 95123P106 5,201 305,578 SH   SOLE 305,578 0 0 0
West Suburban Bancorp, Inc. Common 956152409 1,230 3,153 SH   SOLE 3,153 0 0 0
Westbury Bancorp, Inc. Common 95727P106 1,637 99,800 SH   SOLE 99,800 0 0 0
Westfield Financial Inc. Common 96008P104 3,416 465,393 SH   SOLE 465,393 0 0 0
Wintrust Financial Corporation Common 97650W108 17,926 383,352 SH   SOLE 383,352 0 0 0
Xenith Bankshares, Inc. Common 98410X105 2,183 341,159 SH   SOLE 341,159 0 0 0
Yadkin Financial Corporation Common 984305102 4,668 237,561 SH   SOLE 237,561 0 0 0