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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERISERV FINANC INC COM 03074A102   61,540 17,000 SH   OTR   0 17,000 0
AMERISERV FINANC INC COM 03074A102   149,144 41,200 SH   SOLE   41,200 0 0
ASTRONICS CORP COM 046433108   3,195,500 47,887 SH   OTR   0 47,887 0
ASTRONICS CORP COM 046433108   1,498,289 22,453 SH   SOLE   22,453 0 0
CAMDEN NATIONAL CORP COM 133034108   1,735,152 36,568 SH   OTR   0 36,568 0
CAMDEN NATIONAL CORP COM 133034108   2,514,850 53,000 SH   SOLE   53,000 0 0
CENTRAL PLAINS BANCSHARES INC COM 15486W100   497,901 29,100 SH   OTR   0 29,100 0
CENTRAL PLAINS BANCSHARES INC COM 15486W100   342,491 20,017 SH   SOLE   20,017 0 0
CITIZENS & NORTHERN CORP COM 172922106   366,376 16,400 SH   OTR   0 16,400 0
CITIZENS & NORTHERN CORP COM 172922106   592,010 26,500 SH   SOLE   26,500 0 0
CITIZENS FINL GROUP INC COM 174610105   273,223 4,556 SH   OTR   0 4,556 0
CITIZENS FINL GROUP INC COM 174610105   1,015,232 16,929 SH   SOLE   16,929 0 0
COLUMBIA FINANCIAL COM 197641103   591,733 33,794 SH   SOLE   33,794 0 0
CONTANGO ORE INC COM 21077F100   227,981 12,159 SH   OTR   0 12,159 0
CONTANGO ORE INC COM 21077F100   890,400 47,488 SH   SOLE   47,488 0 0
CRAWFORD & CO CL B CL B 224633107   1,025,174 101,102 SH   OTR   0 101,102 0
CRAWFORD & CO CL B CL B 224633107   1,896,951 187,076 SH   SOLE   187,076 0 0
DELUXE CORP COM 248019101   382,806 13,900 SH   OTR   0 13,900 0
DLH HOLDINGS CORP COM 23335Q100   2,546,849 437,603 SH   OTR   0 437,603 0
DLH HOLDINGS CORP COM 23335Q100   3,931,026 675,434 SH   SOLE   675,434 0 0
DONEGAL GROUP INC CL B 257701300   79,605 4,500 SH   OTR   0 4,500 0
DONEGAL GROUP INC CL B 257701300   236,268 13,356 SH   SOLE   13,356 0 0
DONEGAL GROUP INC CL A 257701201   392,993 22,875 SH   OTR   0 22,875 0
DONEGAL GROUP INC CL A 257701201   405,706 23,615 SH   SOLE   23,615 0 0
ECB BANCORP INC COM 26828M106   408,329 24,407 SH   OTR   0 24,407 0
ECB BANCORP INC COM 26828M106   427,167 25,533 SH   SOLE   25,533 0 0
EAGLE BANCORP MONT INC COM 26942G100   80,262 3,900 SH   OTR   0 3,900 0
EAGLE BANCORP MONT INC COM 26942G100   353,935 17,198 SH   SOLE   17,198 0 0
EASTERN BANKSHARES INC COM 27627N105   483,367 24,712 SH   SOLE   24,712 0 0
EASTERN BANKSHARES INC COM 27627N105   740,620 37,864 SH   OTR   0 37,864 0
EASTERN CO COM 276317104   4,001,387 197,697 SH   OTR   0 197,697 0
EASTERN CO COM 276317104   7,057,789 348,705 SH   SOLE   348,705 0 0
ESCALADE INC COM 296056104   3,014,949 175,594 SH   OTR   0 175,594 0
ESCALADE INC COM 296056104   6,731,104 392,027 SH   SOLE   392,027 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102   64,400 4,025 SH   OTR   0 4,025 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102   593,888 37,118 SH   SOLE   37,118 0 0
FIRST COMMONWEALTH FINANCIAL COM 319829107   97,745 5,560 SH   OTR   0 5,560 0
FIRST COMMONWEALTH FINANCIAL COM 319829107   351,600 20,000 SH   SOLE   20,000 0 0
FIRST MERCHANTS CORP COM 320817109   376,456 9,720 SH   OTR   0 9,720 0
FIRST MERCHANTS CORP COM 320817109   539,974 13,942 SH   SOLE   13,942 0 0
FMC CORP COM NEW 302491303   516,600 30,000 SH   SOLE   30,000 0 0
FMC CORP COM 302491303   309,960 18,000 SH   OTR   0 18,000 0
FNB CORP COM 302520101   195,457 11,690 SH   OTR   0 11,690 0
FNB CORP COM 302520101   875,877 52,385 SH   SOLE   52,385 0 0
FOSTER L B CO COM 350060109   1,062,320 38,076 SH   OTR   0 38,076 0
FOSTER L B CO COM 350060109   1,280,303 45,889 SH   SOLE   45,889 0 0
FREIGHTCAR AMERICA INC COM 357023100   871,798 109,385 SH   OTR   0 109,385 0
FREIGHTCAR AMERICA INC COM 357023100   1,846,155 231,638 SH   SOLE   231,638 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109   3,977,388 233,964 SH   OTR   0 233,964 0
GREAT LAKES DREDGE & DOCK CO COM 390607109   13,527,563 795,739 SH   SOLE   795,739 0 0
HORIZON BANCORP INDIANA COM 440407104   116,856 7,052 SH   OTR   0 7,052 0
HORIZON BANCORP INDIANA COM 440407104   463,960 28,000 SH   SOLE   28,000 0 0
INFUSYSTEM HLDGS INC COM 45685K102   3,390,502 367,335 SH   OTR   0 367,335 0
INFUSYSTEM HLDGS INC COM 45685K102   7,723,387 836,770 SH   SOLE   836,770 0 0
KELLY SERVICES INC CL A 488152208   775,685 87,648 SH   OTR   0 87,648 0
KELLY SERVICES INC CL A 488152208   992,510 112,148 SH   SOLE   112,148 0 0
KEWAUNEE SCIENTIFIC CP COM 492854104   1,434,302 41,853 SH   OTR   0 41,853 0
KEWAUNEE SCIENTIFIC CP COM 492854104   3,250,578 94,852 SH   SOLE   94,852 0 0
LAKE SHORE BANCORP INC COM 510704109   213,871 14,089 SH   OTR   0 14,089 0
LAKE SHORE BANCORP INC COM 510704109   457,981 30,170 SH   SOLE   30,170 0 0
MARATHON BANCORP INC COM NEW 565759206   740,335 54,718 SH   SOLE   54,718 0 0
MARATHON BANCORP INC COM NEW 565759206   57,611 4,258 SH   OTR   0 4,258 0
MID PENN BANCORP COM 59540G107   423,997 13,184 SH   OTR   0 13,184 0
MID PENN BANCORP COM 59540G107   1,318,335 40,993 SH   SOLE   40,993 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108   1,357,875 70,247 SH   OTR   0 70,247 0
NAVIGATOR HOLDINGS LTD SHS Y62132108   4,367,903 225,965 SH   SOLE   225,965 0 0
NI HOLDINGS INC COM 65342T106   380,255 29,500 SH   OTR   0 29,500 0
NI HOLDINGS INC COM 65342T106   1,294,156 100,400 SH   SOLE   100,400 0 0
NORTHWEST BANCSHARES INC COM 667340103   482,220 38,000 SH   SOLE   38,000 0 0
NORWOOD FINANCIAL CORP COM 669549107   344,626 11,714 SH   OTR   0 11,714 0
NORWOOD FINANCIAL CORP COM 669549107   496,198 16,866 SH   SOLE   16,866 0 0
PATHFINDER BANCORP INC COM 70319R109   655,379 51,362 SH   OTR   0 51,362 0
PATHFINDER BANCORP INC COM 70319R109   2,690,344 210,842 SH   SOLE   210,842 0 0
PROASSURANCE CORP COM 74267C106   210,960 8,534 SH   OTR   0 8,534 0
PROASSURANCE CORP COM 74267C106   215,064 8,700 SH   SOLE   8,700 0 0
RICHMOND MUTUAL COM 76525P100   410,140 30,224 SH   SOLE   30,224 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402   2,066,229 555,438 SH   OTR   0 555,438 0
SCRIPPS E W CO OHIO CL A NEW 811054402   3,612,313 971,052 SH   SOLE   971,052 0 0
SIFCO INDUSTRIES INC COM 826546103   1,527,123 114,735 SH   OTR   0 114,735 0
SIFCO INDUSTRIES INC COM 826546103   4,870,329 365,915 SH   SOLE   365,915 0 0
THRYV HOLDINGS IINC COM NEW 886029206   72,141 26,329 SH   SOLE   0 26,329 0
THRYV HOLDINGS IINC COM NEW 886029206   323,320 118,000 SH   SOLE   118,000 0 0
TREDEGAR CORP COM 894650100   5,607,167 705,304 SH   OTR   0 705,304 0
TREDEGAR CORP COM 894650100   7,634,409 960,303 SH   SOLE   960,303 0 0
UNIFI INC COM NEW 904677200   1,890,319 529,501 SH   OTR   0 529,501 0
UNIFI INC COM NEW 904677200   2,602,976 729,125 SH   SOLE   729,125 0 0
UNISYS CORP COM NEW 909214306   397,744 192,147 SH   OTR   0 192,147 0
UNISYS CORP COM NEW 909214306   317,124 153,200 SH   SOLE   153,200 0 0
UTAH MEDICAL PRODUCTS INC COM 917488108   2,025,275 32,671 SH   OTR   0 32,671 0
UTAH MEDICAL PRODUCTS INC COM 917488108   3,777,919 60,944 SH   SOLE   60,944 0 0
VIRCO MANUFACTURING CO COM 927651109   3,441,857 562,395 SH   OTR   0 562,395 0
VIRCO MANUFACTURING CO COM 927651109   5,844,949 955,057 SH   SOLE   955,057 0 0