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
Alliance Bancorp Inc of Pennsylvania Common 01890A108 6,603 433,546 SH   SOLE   433,546 0 0
Ameriana Bancorp Common 023613102 3,926 296,336 SH   SOLE   296,336 0 0
Anworth Mortgage Asset Corp Common 037347101 1,089 258,748 SH   SOLE   258,748 0 0
Bank of America Corp Common 060505104 1,168 75,000 SH   SOLE   75,000 0 0
BankFinancial Corp Common 06643P104 12,486 1,363,133 SH   SOLE   1,363,133 0 0
BCB Bancorp Inc Common 055298103 360 26,761 SH   SOLE   26,761 0 0
BCSB Bancorp Inc Common 055367106 8,160 312,872 SH   SOLE   312,872 0 0
Beneficial Mutual Bancorp Inc Common 08173R104 437 40,000 SH   SOLE   40,000 0 0
Brookline Bancorp Inc Common 11373M107 1,010 105,784 SH   SOLE   105,784 0 0
BSB Bancorp Inc/MA Common 05573H108 1,563 103,600 SH   SOLE   103,600 0 0
Capital One Financial Corp *W Exp 11/14/201 14040H139 3,501 98,800 SH   SOLE   98,800 0 0
Capital One Financial Corp Common 14040H105 1,111 14,500 SH   SOLE   14,500 0 0
Charter Financial Corp MD Common 16122W108 4,071 377,970 SH   SOLE   377,970 0 0
Cheviot Financial Corp Common 16677X105 243 23,600 SH   SOLE   23,600 0 0
Citigroup Inc Common 172967424 4,954 95,068 SH   SOLE   95,068 0 0
Codorus Valley Bancorp Inc Common 192025104 941 48,171 SH   SOLE   48,171 0 0
Colonial Financial Services Inc Common 19566B101 710 53,386 SH   SOLE   53,386 0 0
Comerica Inc *W Exp 11/14/201 200340115 952 50,000 SH   SOLE   50,000 0 0
Community Financial Corp MD Common 20368X101 1,077 52,000 SH   SOLE   52,000 0 0
Eagle Bancorp Montana Inc Common 26942G100 1,368 124,982 SH   SOLE   124,982 0 0
Enterprise Financial Services Corp Common 293712105 19,468 953,383 SH   SOLE   953,383 0 0
First Business Financial Services Inc Common 319390100 1,468 39,000 SH   SOLE   39,000 0 0
First Merchants Corp Common 320817109 13,803 607,465 SH   SOLE   607,465 0 0
First Niagara Financial Group Inc Common 33582V108 837 78,844 SH   SOLE   78,844 0 0
Fox Chase Bancorp Inc Common 35137T108 5,124 296,691 SH   SOLE   296,691 0 0
HF Financial Corp Common 404172108 7,201 556,095 SH   SOLE   556,095 0 0
HopFed Bancorp Inc Common 439734104 3,319 291,423 SH   SOLE   291,423 0 0
Horizon Bancorp Ind Common 440407104 11,782 465,136 SH   SOLE   465,136 0 0
Huntington Bancshares Inc Common 446150104 219 22,700 SH   SOLE   22,700 0 0
Intervest Bancshares Corp Common 460927106 11,639 1,549,793 SH   SOLE   1,549,793 0 0
Investors Bancorp Inc Common 46146P102 2,411 94,243 SH   SOLE   94,243 0 0
JPMorgan Chase & Co Common 46625H100 3,556 60,810 SH   SOLE   60,810 0 0
JPMorgan Chase & Co *W Exp 10/28/201 46634E114 2,143 110,500 SH   SOLE   110,500 0 0
KeyCorp New Common 493267108 1,074 80,000 SH   SOLE   80,000 0 0
LSB Financial Corp Common 501925101 245 8,600 SH   SOLE   8,600 0 0
Magyar Bancorp Inc Common 55977T109 4,031 540,333 SH   SOLE   540,333 0 0
Malvern Federal Bancorp Inc Common 561409103 7,010 637,310 SH   SOLE   637,310 0 0
Metro Bancorp Inc Common 59161R101 13,426 623,295 SH   SOLE   623,295 0 0
Mid Penn Bancorp Inc Common 59540G107 808 56,373 SH   SOLE   56,373 0 0
MSB Financial Corp Common 55352P102 3,357 420,619 SH   SOLE   420,619 0 0
MutualFirst Financial Inc Common 62845B104 10,107 590,023 SH   SOLE   590,023 0 0
Naugatuck Valley Financial Corp Common 63906P107 921 127,183 SH   SOLE   127,183 0 0
Northeast Community Bancorp Inc Common 664112109 1,121 155,200 SH   SOLE   155,200 0 0
Northfield Bancorp Inc Common 66611T108 982 74,426 SH   SOLE   74,426 0 0
Old Line Bancshares Inc Common 67984M100 1,253 86,420 SH   SOLE   86,420 0 0
Old Point Financial Corp Common 680194107 3,459 269,808 SH   SOLE   269,808 0 0
Oneida Financial Corp Common 682479100 412 32,492 SH   SOLE   32,492 0 0
Orrstown Financial Services Inc Common 687380105 7,498 458,608 SH   SOLE   458,608 0 0
PNC Financial Services Group Inc *W Exp 12/31/201 693475121 1,128 63,545 SH   SOLE   63,545 0 0
PNC Financial Services Group Inc Common 693475105 504 6,500 SH   SOLE   6,500 0 0
Poage Bankshares Inc Common 730206109 429 30,600 SH   SOLE   30,600 0 0
Polonia Bancorp Common 73158Q109 3,476 342,438 SH   SOLE   342,438 0 0
ProShares Tr PSHS ULTSH 20YRS 74347B201 396 4,999 SH   SOLE   4,999 0 0
Prudential Bancorp Inc Common 74431A101 1,260 116,742 SH   SOLE   116,742 0 0
Standard Financial Corp Common 853393106 1,259 67,300 SH   SOLE   67,300 0 0
Sussex Bancorp Common 869245100 805 104,421 SH   SOLE   104,421 0 0
TF Financial Corp Common 872391107 890 31,599 SH   SOLE   31,599 0 0
Wells Fargo & Co Common 949746101 726 16,000 SH   SOLE   16,000 0 0