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
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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
Ameris Bancorp common 03076K108 4,611 145,600 SH   SOLE   145,600 0 0
Banc of California Inc April 18 2019 16 call 05990K906 45 1,500 PRN Call SOLE   1,500 0 0
Banc of California Inc April 18 2019 21 call 05990K906 30 2,430 PRN Call SOLE   2,430 0 0
Banc of California Inc July 19 2019 17 call 05990K906 60 1,600 PRN Call SOLE   1,600 0 0
Bank of Commerce Holdings common 06424J103 3,171 289,321 SH   SOLE   289,321 0 0
Bank of Fincastle common 062113105 1,216 486,486 SH   SOLE   486,486 0 0
Bay Banks of Virginia, Inc. common 072035108 5,121 696,683 SH   SOLE   696,683 0 0
Cadence Bancorporation CL A common 12739A100 2,735 163,000 SH   SOLE   163,000 0 0
CalWest Bancorp common 13169Q102 950 3,518,105 SH   SOLE   3,518,105 0 0
Citizens Commerce Bancshares, Inc. common 17452P101 1,298 193,746 SH   SOLE   193,746 0 0
Columbia Bkg Sys Inc common 197236102 1,688 46,514 SH   SOLE   46,514 0 0
Cullen Frost Bankers Inc common 229899109 1,759 20,000 SH   SOLE   20,000 0 0
Evans Bancorp Inc common 29911Q208 4,973 152,958 SH   SOLE   152,958 0 0
FCB Financial Holdings Inc CL A common 30255G103 1,679 50,000 SH   SOLE   50,000 0 0
First Bancorp NC common 318910106 4,572 140,000 SH   SOLE   140,000 0 0
First Bancshares Inc MS common 318916103 8,286 273,925 SH   SOLE   273,925 0 0
First Busey Corp common 319383204 3,560 145,062 SH   SOLE   145,062 0 0
First Intst Bancsystem CL A common 32055Y201 3,773 103,199 SH   SOLE   103,199 0 0
First South Bancorp, Inc. common 33646D102 1,437 1,597,246 SH   SOLE   1,597,246 0 0
First Midwest Bancorp DEL common 320867104 5,296 267,349 SH   SOLE   267,349 0 0
Franklin Financial Network common 35352P104 4,747 180,000 SH   SOLE   180,000 0 0
Grandsouth Bancorporation common 386627301 5,508 342,661 SH   SOLE   342,661 0 0
Green Bancorp Inc common 39260X100 1,200 70,000 SH   SOLE   70,000 0 0
Heritage Commerce Corp common 426927109 2,325 205,000 SH   SOLE   205,000 0 0
Highlands Bancorp, Inc. common 430887109 1,441 95,727 SH   SOLE   95,727 0 0
Home Bancshares, Inc. common 436893200 1,486 90,916 SH   SOLE   90,916 0 0
Home Bancshares, Inc. March 15 2019 22.50 call 436893900 2 120 PRN Call SOLE   120 0 0
Hope Bancorp Inc common 43940T109 643 54,238 SH   SOLE   54,238 0 0
Lakeland Bancorp Inc April 18 2019 17.50 call 511637900 4 140 PRN Call SOLE   140 0 0
MainStreet Bancshares Inc common 56064Y100 4,489 263,158 SH   SOLE   263,158 0 0
Metro Phoenix Bank common 59165E106 1,967 166,667 SH   SOLE   166,667 0 0
Old Natl Bancorp IND common 680033107 3,388 220,000 SH   SOLE   220,000 0 0
OP Bancorp common 67109R109 3,273 368,980 SH   SOLE   368,980 0 0
Oregon Pacific Bancorp common 686040205 1,537 323,534 SH   SOLE   323,534 0 0
Pacific Premier Bancorp common 69478X105 6,635 260,000 SH   SOLE   260,000 0 0
Pacific West Bank common 69506W202 2,293 152,857 SH   SOLE   152,857 0 0
Pacwest Bancorp DEL common 695263103 4,393 132,000 SH   SOLE   132,000 0 0
Pioneer Bancshares, Inc. common 72357G102 2,560 95,000 SH   SOLE   95,000 0 0
Preferred BK Los Angeles CA common 740367404 2,597 59,900 SH   SOLE   59,900 0 0
Prime Meridian Holding Company common 74164R107 1,203 63,375 SH   SOLE   63,375 0 0
Sandy Spring Bancorp Inc. common 800363103 3,318 105,861 SH   SOLE   105,861 0 0
SB Financial Group Inc. common 78408D105 4,720 286,944 SH   SOLE   286,944 0 0
Select Bancorp Inc common 81617L108 6,900 557,340 SH   SOLE   557,340 0 0
Severn Bancorp Annapolis MD common 81811M100 1,021 127,930 SH   SOLE   127,930 0 0
SVB Financial Group common 78486Q101 4,900 25,800 SH   SOLE   25,800 0 0
Synovus Financial Corp common 87161C501 163 5,100 SH   SOLE   5,100 0 0
Synovus Financial Corp Feb 15 2019 50 call 87161C901 5 133 PRN Call SOLE   133 0 0
Texas Capital Bancshares Inc common 88224Q107 51 1,000 SH   SOLE   1,000 0 0
Triumph Bancorp Inc common 89679E300 1,485 50,000 SH   SOLE   50,000 0 0
US Metro Bank common 90343B102 2,681 759,573 SH   SOLE   759,573 0 0
Virginia National Bankshares common 928031103 1,319 38,231 SH   SOLE   38,231 0 0
Webster Financial Corp Conn common 947890109 739 15,000 SH   SOLE   15,000 0 0
Western Alliance Bancorp common 957638109 2,306 58,400 SH   SOLE   58,400 0 0