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 Bancorp Common 319427100 5,670 480,503 SH   SOLE   480,503 0 0
1st Colonial Bancorp Common 319716106 3,753 483,658 SH   SOLE   483,658 0 0
1st Constitution Bancorp Common 31986N102 10,366 653,169 SH   SOLE   653,169 0 0
Alerus Financial Corporation Common 01446U103 5,693 208,000 SH   SOLE   208,000 0 0
Allegiance Bancshares, Inc. Common 01748H107 6,569 192,475 SH   SOLE   192,475 0 0
AMB Financial Corp. Common 001984103 1,260 78,750 SH   SOLE   78,750 0 0
American Business Bank Common 02475L105 20,313 638,185 SH   SOLE   638,185 0 0
American River Bankshares Common 029326105 2,863 217,688 SH   SOLE   217,688 0 0
American Riviera Bank Common 02932A106 4,032 244,377 SH   SOLE   244,377 0 0
Avidbank Holdings, Inc. Common 05368J103 10,078 575,904 SH   SOLE   575,904 0 0
Bank of Botetourt Common 063907208 1,027 42,005 SH   SOLE   42,005 0 0
Bank of Commerce Holdings Common 06424J103 3,988 402,859 SH   SOLE   402,859 0 0
Bank of Fincastle Common 062113105 2,018 892,972 SH   SOLE   892,972 0 0
Bank of Princeton Common 064520109 6,597 281,821 SH   SOLE   281,821 0 0
Bank of the James Financial Group, Inc. Common 470299108 2,617 215,934 SH   SOLE   215,934 0 0
Bankwell Financial Group, Inc. Common 06654A103 5,028 257,193 SH   SOLE   257,193 0 0
Bay Banks of Virginia, Inc. Common 072035108 6,097 688,884 SH   SOLE   688,884 0 0
Bay Community Bancorp Common 072205107 4,832 826,007 SH   SOLE   826,007 0 0
BCB Bancorp, Inc. Common 055298103 3,428 309,634 SH   SOLE   309,634 0 0
Beach Bancorp, Inc. Common 07332T100 3,375 900,000 SH   SOLE   900,000 0 0
Blue Ridge Bankshares, Inc. Common 095825105 4,007 225,000 SH   SOLE   225,000 0 0
Blueharbor bank Common 095613105 136 13,300 SH   SOLE   13,300 0 0
Boston Private Financial Holdings, Inc. Common 101119105 17,757 2,101,454 SH   SOLE   2,101,454 0 0
Bridge Bancorp Inc. Common 108035106 3,660 151,370 SH   SOLE   151,370 0 0
Bridgewater Bancshares, Inc. Common 108621103 2,968 237,652 SH   SOLE   237,652 0 0
Business First Bancshares, Inc. Common 12326C105 9,428 463,055 SH   SOLE   463,055 0 0
Byline Bancorp, Inc. Common 124411109 16,460 1,065,360 SH   SOLE   1,065,360 0 0
California BanCorp Common 13005U101 11,049 710,113 SH   SOLE   710,113 0 0
Cambridge Bancorp Common 132152109 6,319 90,596 SH   SOLE   90,596 0 0
Capital Bancorp, Inc. Common 139737100 964 69,222 SH   SOLE   69,222 0 0
CapStar Financial Holdings, Inc. Common 14070T102 137 9,268 SH   SOLE   9,268 0 0
Cashmere Valley Bank Common 14756K102 4,456 84,706 SH   SOLE   84,706 0 0
CBTX, Inc. Common 12481V104 834 32,700 SH   SOLE   32,700 0 0
CCB Financial Common 19046P209 1,253 59,672 SH   SOLE   59,672 0 0
Centric Financial Corporation Common 15641J101 6,876 801,343 SH   SOLE   801,343 0 0
Century Financial Corporation Common 15652L102 2,395 104,346 SH   SOLE   104,346 0 0
Chino Commercial Bancorp Common 16957L102 1,714 149,733 SH   SOLE   149,733 0 0
Citizens Bancorp Common 172950107 1,903 122,749 SH   SOLE   122,749 0 0
Citizens Community Bancorp, Inc. Common 174903104 11,343 1,041,618 SH   SOLE   1,041,618 0 0
CNB Corporation Common 12612R105 929 12,551 SH   SOLE   12,551 0 0
CNB Financial Corporation Common 126128107 4,155 195,160 SH   SOLE   195,160 0 0
Coastal Carolina Bancshares, Inc. Common 190435107 2,141 285,461 SH   SOLE   285,461 0 0
CoastalSouth Bancshares, Inc. Common 19058X207 2,471 204,249 SH   SOLE   204,249 0 0
Codorus Valley Bancorp, Inc. Common 192025104 11,112 655,167 SH   SOLE   655,167 0 0
Commencement Bancorp, Inc. Common 20051D107 3,791 333,733 SH   SOLE   333,733 0 0
Community Bancorp of Santa Maria Common 20344R103 1,667 164,048 SH   SOLE   164,048 0 0
Community Financial Corporation Common 20368X101 4,092 154,532 SH   SOLE   154,532 0 0
Community First Bancorporation Common 203916101 548 91,744 SH   SOLE   91,744 0 0
Community Heritage Financial Inc. Common 20370L103 1,490 79,474 SH   SOLE   79,474 0 0
ConnectOne Bancorp, Inc. Common 20786W107 13,820 698,327 SH   SOLE   698,327 0 0
County Bancorp, Inc. Common 221907108 3,659 165,715 SH   SOLE   165,715 0 0
CrossFirst Bankshares, Inc. Common 22766M109 15,806 1,470,289 SH   SOLE   1,470,289 0 0
Crystal Valley Financial Common 22941P100 680 13,000 SH   SOLE   13,000 0 0
Dime Community Bancshares, Inc Common 253922108 4,699 297,976 SH   SOLE   297,976 0 0
Eagle Bancorp, Inc. Common 268948106 7,644 185,087 SH   SOLE   185,087 0 0
Eagle Financial Services Inc. Common 26951R104 1,258 42,633 SH   SOLE   42,633 0 0
Enterprise Bancorp, Inc. Common 293668109 8,047 314,955 SH   SOLE   314,955 0 0
Equity Bancshares, Inc. Common 29460X109 5,639 261,172 SH   SOLE   261,172 0 0
ES Bancshares, Inc. Common 296049109 1,572 361,445 SH   SOLE   361,445 0 0
Farmers & Merchants Bancorp Common 307795104 929 1,222 SH   SOLE   1,222 0 0
Fauquier Bancshares, Inc. Common 312059108 897 51,615 SH   SOLE   51,615 0 0
FB Financial Corp. Common 30257X104 3,792 109,178 SH   SOLE   109,178 0 0
Fentura Financial, Inc. Common 314645102 7,424 337,470 SH   SOLE   337,470 0 0
FineMark Holdings, Inc. Common 31788B108 4,994 213,330 SH   SOLE   213,330 0 0
First Bancshares, Inc. Common 318916103 9,270 300,201 SH   SOLE   300,201 0 0
First Bank Common 31931U102 13,372 1,425,564 SH   SOLE   1,425,564 0 0
First Business Financial Services Common 319390100 14,224 772,628 SH   SOLE   772,628 0 0
First Capital Bancshares, Inc. Common 31941G101 1,564 240,600 SH   SOLE   240,600 0 0
First Choice Bancorp Common 31948P104 12,035 650,905 SH   SOLE   650,905 0 0
First Citrus Bancorporation, Inc. Common 31959T102 630 27,695 SH   SOLE   27,695 0 0
First Community Corporation Common 319835104 4,167 245,290 SH   SOLE   245,290 0 0
First Farmers and Merchants Corporation Common 320148109 400 12,500 SH   SOLE   12,500 0 0
First Foundation Inc. Common 32026V104 21,945 1,097,260 SH   SOLE   1,097,260 0 0
First Home Bancorp, Inc. Common 32050L105 1,848 89,062 SH   SOLE   89,062 0 0
First Horizon National Corporation Common 320517105 2,086 163,505 SH   SOLE   163,505 0 0
First Internet Bancorp Common 320557101 10,152 353,247 SH   SOLE   353,247 0 0
First National Corporation Common 32106V107 226 13,385 SH   SOLE   13,385 0 0
First Northern Community Bancorp Common 335925103 8,991 890,217 SH   SOLE   890,217 0 0
First Reliance Bancshares, Inc. Common 33615Q100 3,397 438,266 SH   SOLE   438,266 0 0
First Southern Bank Common 33650R104 1,452 196,250 SH   SOLE   196,250 0 0
First Virginia Community Bank Common 36120Q101 2,714 184,606 SH   SOLE   184,606 0 0
First Western Financial, Inc. Common 33751L105 12,732 650,607 SH   SOLE   650,607 0 0
Flushing Financial Corporation Common 343873105 214 12,877 SH   SOLE   12,877 0 0
FNS Bancshares, Inc. Common 30253F107 1,748 23,950 SH   SOLE   23,950 0 0
Foresight Financial Group, Inc. Common 345526107 4,147 138,798 SH   SOLE   138,798 0 0
Franklin Financial Services Corp. Common 353525108 2,762 102,179 SH   SOLE   102,179 0 0
Grand River Commerce, Inc. Common 386441109 2,477 490,538 SH   SOLE   490,538 0 0
GrandSouth Bancorporation Common 386627301 1,175 77,267 SH   SOLE   77,267 0 0
HBT Financial, Inc. Common 404111106 13,756 908,014 SH   SOLE   908,014 0 0
Heritage Commerce Corp Common 426927109 8,152 919,030 SH   SOLE   919,030 0 0
Howard Bancorp, Inc. Common 442496105 213 18,037 SH   SOLE   18,037 0 0
Investar Holding Corporation Common 46134L105 12,531 757,594 SH   SOLE   757,594 0 0
Kentucky Bancshares, Inc. Common 491203105 2,389 115,424 SH   SOLE   115,424 0 0
Lakeland Bancorp, Inc. Common 511637100 14,352 1,130,086 SH   SOLE   1,130,086 0 0
Ledyard Financial Group, Inc. Common 523338101 441 23,249 SH   SOLE   23,249 0 0
Level One Bancorp, Inc. Common 52730D208 13,606 672,563 SH   SOLE   672,563 0 0
Lewis & Clark Bancorp Common 52757L109 1,559 59,388 SH   SOLE   59,388 0 0
Limestone Bancorp, Inc. Common 53262L105 4,603 366,452 SH   SOLE   366,452 0 0
MainStreet Bancshares, Inc. Common 56064Y100 12,416 734,266 SH   SOLE   734,266 0 0
Malvern Bancorp, Inc. Common 561409103 10,830 698,699 SH   SOLE   698,699 0 0
McHenry Bancorp, Inc. Common 580683100 1,065 15,000,000 SH   SOLE   15,000,000 0 0
Mercantile Bank Corporation Common 587376104 15,051 553,971 SH   SOLE   553,971 0 0
Merchants Bancorp Common 58844R108 5,733 207,478 SH   SOLE   207,478 0 0
Merchants Financial Group, Inc. Common 588538108 8,353 130,013 SH   SOLE   130,013 0 0
Meridian Bank Common 58958P104 10,715 515,155 SH   SOLE   515,155 0 0
Meridian Interstate Bancorp Common 58958U103 3,468 232,570 SH   SOLE   232,570 0 0
Metro Phoenix Bank Common 59165E106 2,445 212,767 SH   SOLE   212,767 0 0
Metropolitan Bank Holding Corp. Common 591774104 5,845 161,161 SH   SOLE   161,161 0 0
Mid Penn Bank Common 59540G107 2,588 118,172 SH   SOLE   118,172 0 0
Middlefield Banc Corp. Common 596304204 1,129 50,159 SH   SOLE   50,159 0 0
MidWestOne Financial Group, Inc. Common 598511103 897 36,600 SH   SOLE   36,600 0 0
Mission Valley Bancorp Common 60520E104 3,371 319,542 SH   SOLE   319,542 0 0
Mountain Commerce Bancorp Common 624004107 7,130 347,813 SH   SOLE   347,813 0 0
MVB Financial Corp. Common 553810102 1,636 72,145 SH   SOLE   72,145 0 0
Northway Financial, Inc. Common 667270201 4,740 169,294 SH   SOLE   169,294 0 0
NorthWest Indiana Bancorp Common 667516108 3,306 91,584 SH   SOLE   91,584 0 0
Oak Ridge Financial Services, Inc. Common 671768109 3,077 231,341 SH   SOLE   231,341 0 0
Oak Valley Bancorp Common 671807105 3,961 238,339 SH   SOLE   238,339 0 0
Old Second Bancorp, Inc. Common 680277100 15,665 1,550,994 SH   SOLE   1,550,994 0 0
Orange County Bancorp Common 68417L107 5,569 204,371 SH   SOLE   204,371 0 0
Oregon Pacific Bancorp Common 686040205 3,523 677,586 SH   SOLE   677,586 0 0
Origin Bancorp Inc. Common 68621T102 8,037 289,426 SH   SOLE   289,426 0 0
Pacific Financial Corporation Common 694275108 6,395 681,096 SH   SOLE   681,096 0 0
Pacific Mercantile Bancorp Common 694552100 7,235 1,407,512 SH   SOLE   1,407,512 0 0
Pacific West Bank Common 69506W202 2,028 185,715 SH   SOLE   185,715 0 0
Peapack-Gladstone Financial Corporation Common 704699107 23,087 1,014,374 SH   SOLE   1,014,374 0 0
Peoples Bancorp Common 70979X107 2,340 14,737 SH   SOLE   14,737 0 0
Pilot Bancshares, Inc. Common 721530103 2,726 846,429 SH   SOLE   846,429 0 0
Pinnacle Bancshares, Inc. Common 722903101 1,067 36,367 SH   SOLE   36,367 0 0
Pinnacle Bank Common 72346K107 3,406 395,179 SH   SOLE   395,179 0 0
Pinnacle Bankshares Corporation Common 72345E102 2,286 99,386 SH   SOLE   99,386 0 0
Pioneer Bancshares, Inc Common 72357G102 2,352 97,000 SH   SOLE   97,000 0 0
Potomac Bancshares, Inc. Common 737643106 707 57,405 SH   SOLE   57,405 0 0
Prime Meridian Holding Company Common 74164R107 2,647 147,043 SH   SOLE   147,043 0 0
Private Bancorp of America, Inc. Common 74274F100 10,007 540,909 SH   SOLE   540,909 0 0
Professional Holding Corp. Common 743139107 2,315 150,000 SH   SOLE   150,000 0 0
Provident Financial Services, Inc. Common 74386T105 17,911 997,271 SH   SOLE   997,271 0 0
PSB Holdings, Inc. Common 69360N108 4,192 203,795 SH   SOLE   203,795 0 0
QNB Corp. Common 74726N107 4,374 136,464 SH   SOLE   136,464 0 0
Red River Bancshares, Inc. Common 75686R202 1,652 33,334 SH   SOLE   33,334 0 0
Reliant Bancorp, Inc. Common 75956B101 9,529 511,761 SH   SOLE   511,761 0 0
Republic First Bancorp, Inc. Common 760416107 6,115 2,145,576 SH   SOLE   2,145,576 0 0
River City Bank Common 76803X106 3,969 24,347 SH   SOLE   24,347 0 0
Riverview Bancorp, Inc. Common 769397100 833 158,288 SH   SOLE   158,288 0 0
Riverview Financial Corporation Common 76940Q105 5,383 588,263 SH   SOLE   588,263 0 0
Sandy Spring Bancorp Inc. Common 800363103 15,585 484,172 SH   SOLE   484,172 0 0
Santa Cruz County Bank Common 801827106 7,493 184,971 SH   SOLE   184,971 0 0
Seacoast Banking Corporation of Florida Common 811707801 4,095 139,042 SH   SOLE   139,042 0 0
Sevier County Bancshares, Inc. Common 81817P206 3,343 217,675 SH   SOLE   217,675 0 0
Shore Bancshares, Inc. Common 825107105 8,306 568,916 SH   SOLE   568,916 0 0
Sierra Bancorp Common 82620P102 4,677 195,532 SH   SOLE   195,532 0 0
Silvercrest Asset Management Group Inc. Common 828359109 6,792 488,984 SH   SOLE   488,984 0 0
SmartFinancial, Inc. Common 83190L208 10,003 551,430 SH   SOLE   551,430 0 0
South Atlantic Bancshares, Inc. Common 83636T104 5,189 423,608 SH   SOLE   423,608 0 0
South Plains Financial, Inc. Common 83946P107 3,978 209,919 SH   SOLE   209,919 0 0
South State Corporation Common 840441109 434 6,002 SH   SOLE   6,002 0 0
SouthCrest Financial Group, Inc. Common 84129X107 2,493 302,161 SH   SOLE   302,161 0 0
Southern BancShares (N.C.), Inc. Common 842243107 8,232 2,111 SH   SOLE   2,111 0 0
Southern California Bancorp Common 84252A106 12,891 1,011,061 SH   SOLE   1,011,061 0 0
Southern First Bancshares, Inc. Common 842873101 18,389 520,186 SH   SOLE   520,186 0 0
Southern National Bancorp of Virginia,Inc. Common 843395104 23,231 1,918,357 SH   SOLE   1,918,357 0 0
Southern States Bancshares, Inc. Common 843878109 3,134 232,143 SH   SOLE   232,143 0 0
SouthPoint Bancshares, Inc. Common 844647107 2,238 104,826 SH   SOLE   104,826 0 0
Spirit of Texas Bancshares, Inc. Common 84861D103 11,100 660,705 SH   SOLE   660,705 0 0
Sterling Bancorp, Inc. Common 85917W102 2,016 444,002 SH   SOLE   444,002 0 0
Summit Bank Group, Inc. Common 86601L105 164 13,900 SH   SOLE   13,900 0 0
Summit State Bank Common 866264203 2,212 164,063 SH   SOLE   164,063 0 0
Suncrest Bank Common 86723G109 8,707 848,640 SH   SOLE   848,640 0 0
Surrey Bancorp Common 86888W105 741 63,785 SH   SOLE   63,785 0 0
Synovus Financial Corp. Common 87161C501 9,430 291,320 SH   SOLE   291,320 0 0
TGR Financial, Inc. Common 87243P108 4,429 445,195 SH   SOLE   445,195 0 0
Town and Country Financial Corporation Common 892039108 224 10,914 SH   SOLE   10,914 0 0
Tri City Bankshares Corporation Common 895364107 2,174 124,223 SH   SOLE   124,223 0 0
TriState Capital Holdings, Inc. Common 89678F100 10,244 588,721 SH   SOLE   588,721 0 0
Triumph Bancorp, Inc. Common 89679E300 15,867 326,818 SH   SOLE   326,818 0 0
Two Rivers Financial Group, Inc. Common 90206L106 2,199 79,828 SH   SOLE   79,828 0 0
United Bancorporation of Alabama, Inc. Common 90944R100 2,474 111,200 SH   SOLE   111,200 0 0
United Bankshares Common 909907107 1,945 60,018 SH   SOLE   60,018 0 0
United Community Banks, Inc. Common 90984P303 646 22,700 SH   SOLE   22,700 0 0
Unity Bancorp, Inc. Common 913290102 12,213 695,915 SH   SOLE   695,915 0 0
Univest Financial Corporation Common 915271100 1,769 85,952 SH   SOLE   85,952 0 0
Veritex Holdings, Inc. Common 923451108 2,933 114,306 SH   SOLE   114,306 0 0
Village Bank and Trust Financial Corp. Common 92705T200 785 22,838 SH   SOLE   22,838 0 0
Virginia National Bankshares Corp. Common 928031103 841 30,962 SH   SOLE   30,962 0 0
W.T.B. Financial Corporation Common 929334209 13,813 41,357 SH   SOLE   41,357 0 0
WesBanco, Inc. Common 950810101 957 31,934 SH   SOLE   31,934 0 0
West Suburban Bancorp, Inc. Common 956152409 2,679 6,020 SH   SOLE   6,020 0 0
Westbury Bancorp, Inc. Common 95727P106 4,289 178,631 SH   SOLE   178,631 0 0
White River Bancshares Company Common 96445A108 2,714 44,025 SH   SOLE   44,025 0 0
York Traditions Bank Common 987159100 4,271 240,599 SH   SOLE   240,599 0 0