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
Athens Bancshares Corp Common 047042106 2,119 117,727 SH   SOLE   117,727 0 0
Alliance Bancorp Inc of Pennsylvania Common 01890A108 6,921 498,610 SH   SOLE   498,610 0 0
Anworth Mortgage Asset Corp Common 037347101 445 79,500 SH   SOLE   79,500 0 0
Ameriana Bancorp Common 023613102 3,075 292,886 SH   SOLE   292,886 0 0
Bank of America Corp Common 060505104 964 75,000 SH   SOLE   75,000 0 0
BCSB Bancorp Inc Common 055367106 7,324 312,872 SH   SOLE   312,872 0 0
BankFinancial Corp Common 06643P104 11,147 1,311,381 SH   SOLE   1,311,381 0 0
BSB Bancorp Inc/MA Common 05573H108 1,362 103,600 SH   SOLE   103,600 0 0
Beneficial Mutual Bancorp Inc Common 08173R104 336 40,000 SH   SOLE   40,000 0 0
Brookline Bancorp Inc Common 11373M107 3,028 348,812 SH   SOLE   348,812 0 0
Citigroup Inc Common 172967424 4,560 95,068 SH   SOLE   95,068 0 0
Charter Financial Corp/GA Common 16122W108 1,641 162,786 SH   SOLE   162,786 0 0
CFS Bancorp Inc Common 12525D102 10,019 934,564 SH   SOLE   934,564 0 0
Comerica Inc *W Exp 11/14/201 200340115 685 50,000 SH   SOLE   50,000 0 0
Colonial Financial Services Inc Common 19566B101 721 53,386 SH   SOLE   53,386 0 0
Capital One Financial Corp *W Exp 11/14/201 14040H139 2,394 98,800 SH   SOLE   98,800 0 0
Codorus Valley Bancorp Inc Common 192025104 651 37,390 SH   SOLE   37,390 0 0
Eagle Bancorp Montana Inc Common 26942G100 1,334 124,982 SH   SOLE   124,982 0 0
Enterprise Financial Services Corp Common 293712105 873 54,694 SH   SOLE   54,694 0 0
First Business Financial Services Inc Common 319390100 1,019 34,000 SH   SOLE   34,000 0 0
First Niagara Financial Group Inc Common 33582V108 1,131 112,300 SH   SOLE   112,300 0 0
Fox Chase Bancorp Inc Common 35137T108 5,044 296,691 SH   SOLE   296,691 0 0
Huntington Bancshares Inc/OH Common 446150104 236 30,000 SH   SOLE   30,000 0 0
Horizon Bancorp/IN Common 440407104 10,122 495,955 SH   SOLE   495,955 0 0
HopFed Bancorp Inc Common 439734104 3,147 291,423 SH   SOLE   291,423 0 0
HF Financial Corp Common 404172108 7,235 556,095 SH   SOLE   556,095 0 0
Intervest Bancshares Corp Common 460927106 10,353 1,549,793 SH   SOLE   1,549,793 0 0
JPMorgan Chase & Co Common 46625H100 3,210 60,810 SH   SOLE   60,810 0 0
JPMorgan Chase & Co *W Exp 10/28/201 46634E114 693 44,400 SH   SOLE   44,400 0 0
KeyCorp Common 493267108 1,325 120,000 SH   SOLE   120,000 0 0
Metro Bancorp Inc Common 59161R101 12,285 613,323 SH   SOLE   613,323 0 0
MutualFirst Financial Inc Common 62845B104 7,898 559,742 SH   SOLE   559,742 0 0
Magyar Bancorp Inc Common 55977T109 2,976 540,133 SH   SOLE   540,133 0 0
Malvern Federal Bancorp Inc Common 561409103 7,629 637,310 SH   SOLE   637,310 0 0
MSB Financial Corp Common 55352P102 3,077 419,269 SH   SOLE   419,269 0 0
Northeast Community Bancorp Inc Common 664112109 981 155,200 SH   SOLE   155,200 0 0
Northfield Bancorp Inc Common 66611T108 872 74,426 SH   SOLE   74,426 0 0
Naugatuck Valley Financial Corp Common 63906P107 931 126,683 SH   SOLE   126,683 0 0
Old National Bancorp/IN Common 680033107 653 47,193 SH   SOLE   47,193 0 0
Oneida Financial Corp Common 682479100 427 31,292 SH   SOLE   31,292 0 0
Orrstown Financial Services Inc Common 687380105 5,921 466,954 SH   SOLE   466,954 0 0
Polonia Bancorp Common 73158Q109 3,168 342,438 SH   SOLE   342,438 0 0
Prudential Bancorp Inc of Pennsylvania Common 744319104 207 21,158 SH   SOLE   21,158 0 0
PNC Financial Services Group Inc *W Exp 12/31/201 693475121 960 63,545 SH   SOLE   63,545 0 0
Roma Financial Corp Common 77581P109 3,500 192,717 SH   SOLE   192,717 0 0
SP Bancorp Inc Common 78468K106 513 27,198 SH   SOLE   27,198 0 0
Standard Financial Corp Common 853393106 1,282 67,300 SH   SOLE   67,300 0 0
TF Financial Corp Common 872391107 803 31,599 SH   SOLE   31,599 0 0
Valley National Bancorp Common 919794107 636 67,175 SH   SOLE   67,175 0 0
ViewPoint Financial Group Common 92672A101 2,672 128,392 SH   SOLE   128,392 0 0