0001251109-15-000007.txt : 20150209 0001251109-15-000007.hdr.sgml : 20150209 20150209142821 ACCESSION NUMBER: 0001251109-15-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150209 DATE AS OF CHANGE: 20150209 EFFECTIVENESS DATE: 20150209 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: 15588019 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 12-31-2014 12-31-2014 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 02-09-2015 0 146 177239 false INFORMATION TABLE 2 minerva13f4q2014.xml MINERVA 13F 4Q 2014 AEHR TEST SYSTEMS COM 00760J108 45 18100 SH OTR 0 18100 0 AEHR TEST SYSTEMS COM 00760J108 102 40602 SH SOLE 40602 0 0 AH BELO CORP COM CL A 001282102 3323 320102 SH OTR 0 320102 0 AH BELO CORP COM CL A 001282102 4695 452282 SH SOLE 452282 0 0 AMERISERV FINANC INC COM 03074A102 117 38000 SH OTR 0 38000 0 AMERISERV FINANC INC COM 03074A102 44 14200 SH SOLE 14200 0 0 AMPCO-PITTSBURGH CORP COM 032037103 681 35400 SH OTR 0 35400 0 AMPCO-PITTSBURGH CORP COM 032037103 473 24571 SH SOLE 24571 0 0 APCO OIL & GAS INTL SHS G0471F109 2898 206531 SH OTR 0 206531 0 APCO OIL & GAS INTL SHS G0471F109 5019 357704 SH SOLE 357704 0 0 ASML HOLDING N V NY REG SHS N07059210 1808 16761 SH OTR 0 16761 0 ASML HOLDING N V NY REG SHS N07059210 127 1176 SH SOLE 1176 0 0 ASTRONICS CORP COM 046433108 747 13508 SH OTR 0 13508 0 ASTRONICS CORP COM 046433108 1105 19981 SH SOLE 19981 0 0 ATRION CORP COM 049904105 629 1850 SH OTR 0 1850 0 ATRION CORP COM 049904105 2207 6492 SH SOLE 6492 0 0 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 32 2570 SH OTR 0 2570 0 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 306 24916 SH SOLE 24916 0 0 BREEZE EASTERN CORP COM 106764103 130 13000 SH OTR 0 13000 0 CAMDEN NATIONAL CORP COM 133034108 2997 75651 SH OTR 0 75651 0 CAMDEN NATIONAL CORP COM 133034108 1592 40185 SH SOLE 40185 0 0 CENTURY BANCORP INC MASS CL A NON VTG 156432106 1055 26450 SH OTR 0 26450 0 CENTURY BANCORP INC MASS CL A NON VTG 156432106 386 9663 SH SOLE 9663 0 0 CHASE CORP COM 16150R104 8411 233705 SH OTR 0 233705 0 CHASE CORP COM 16150R104 6629 184200 SH SOLE 184200 0 0 CHARTER FINL CORP MD COM 16122W108 584 50989 SH OTR 0 50989 0 CHARTER FINL CORP MD COM 16122W108 1015 88669 SH SOLE 88669 0 0 CIMATRON LTD ORD M23798107 497 56318 SH OTR 0 56318 0 CIMATRON LTD ORD M23798107 1178 133456 SH SOLE 133456 0 0 CITIZENS & NORTHERN CORP COM 172922106 337 16400 SH OTR 0 16400 0 CITIZENS & NORTHERN CORP COM 172922106 545 26500 SH SOLE 26500 0 0 CMS BANCORP INC COM 12600U102 100 7800 SH OTR 0 7800 0 CMS BANCORP INC COM 12600U102 154 11975 SH SOLE 11975 0 0 COMMAND SECURITY CORP COM 20050L100 10 5200 SH OTR 0 5200 0 COMMAND SECURITY CORP COM 20050L100 61 33350 SH SOLE 33350 0 0 COMMUNITY BANK SYS INC COM 203607106 531 13938 SH OTR 0 13938 0 COMPUTER TASK GROUP INC COM 205477102 739 77525 SH OTR 0 77525 0 COMPUTER TASK GROUP INC COM 205477102 1359 142591 SH SOLE 142591 0 0 DAWSON GEOPHYSICAL CO COM 239359102 737 60271 SH OTR 0 60271 0 DAWSON GEOPHYSICAL CO COM 239359102 1004 82135 SH SOLE 82135 0 0 DELUXE CORP COM 248019101 2148 34500 SH OTR 0 34500 0 DELUXE CORP COM 248019101 548 8800 SH SOLE 8800 0 0 DONEGAL GROUP INC CL B 257701300 246 11450 SH OTR 0 11450 0 DONEGAL GROUP INC CL B 257701300 216 10056 SH SOLE 10056 0 0 DONEGAL GROUP INC CL A 257701201 398 24882 SH OTR 0 24882 0 DONEGAL GROUP INC CL A 257701201 52 3280 SH SOLE 3280 0 0 DORMAN PRODUCTS INC COM 258278100 1460 30260 SH OTR 0 30260 0 DORMAN PRODUCTS INC COM 258278100 766 15880 SH SOLE 15880 0 0 EAGLE BANCORP MONT INC COM 26942G100 92 8400 SH OTR 0 8400 0 EAGLE BANCORP MONT INC COM 26942G100 188 17198 SH SOLE 17198 0 0 EASTERN CO COM 276317104 2548 149429 SH OTR 0 149429 0 EASTERN CO COM 276317104 3791 222345 SH SOLE 222345 0 0 ECOLOGY & ENVRNMT INC CL A 278878103 252 27704 SH OTR 0 27704 0 ECOLOGY & ENVRNMT INC CL A 278878103 393 43170 SH SOLE 43170 0 0 EMCLAIRE FINANCIAL CORP COM 290828102 321 12824 SH OTR 0 12824 0 EMCLAIRE FINANCIAL CORP COM 290828102 63 2535 SH SOLE 2535 0 0 ESCALADE INC COM 296056104 2840 188302 SH OTR 0 188302 0 ESCALADE INC COM 296056104 2682 177858 SH SOLE 177858 0 0 FNB CORP COM 302520101 345 25881 SH OTR 0 25881 0 FNB CORP COM 302520101 941 70665 SH SOLE 70665 0 0 FIRST MERCHANTS CORP COM 320817109 129 5655 SH OTR 0 5655 0 FIRST MERCHANTS CORP COM 320817109 144 6305 SH SOLE 6305 0 0 FOSTER L B CO COM 350060109 4105 84643 SH OTR 0 84643 0 FOSTER L B CO COM 350060109 1042 21489 SH SOLE 21489 0 0 GLOBAL POWER EQUIP GP I COM PAR $0.01 37941P306 2390 173047 SH OTR 0 173047 0 GLOBAL POWER EQUIP GP I COM PAR $0.01 37941P306 4003 289862 SH SOLE 289862 0 0 GREAT LAKES DREDGE & DOCK CO COM 390607109 1866 218000 SH OTR 0 218000 0 GREAT LAKES DREDGE & DOCK CO COM 390607109 2202 257227 SH SOLE 257227 0 0 HALLADOR ENERGY COM 40609P105 67 6045 SH OTR 0 6045 0 HALLADOR ENERGY COM 40609P105 118 10675 SH SOLE 10675 0 0 IBERIABANK CORP COM 450828108 1040 16035 SH OTR 0 16035 0 IBERIABANK CORP COM 450828108 641 9877 SH SOLE 9877 0 0 INFUSYSTEM HLDGS INC COM 45685K102 2444 775900 SH OTR 0 775900 0 INFUSYSTEM HLDGS INC COM 45685K102 3868 1227779 SH SOLE 1227779 0 0 INVESTORS BANCORP INC NEW COM 46146L101 277 24711 SH OTR 0 24711 0 INVESTORS BANCORP INC NEW COM 46146L101 763 67990 SH SOLE 67990 0 0 JACKSONVILLE BANCORP INC MD COM 46924R106 260 11703 SH OTR 0 11703 0 JACKSONVILLE BANCORP INC MD COM 46924R106 433 19442 SH SOLE 19442 0 0 JOURNAL COMMUNIC INC CL A 481130102 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