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
Alliance Bancorp Inc of Pennsylvania COM 01890A108 5,193 324,546 SH   SOLE   324,546 0 0
Ameriana Bancorp COM 023613102 4,519 296,336 SH   SOLE   296,336 0 0
Bank of America Corp COM 060505104 708 41,500 SH   SOLE   41,500 0 0
Banc of California Inc COM 05990K106 24,136 2,075,322 SH   SOLE   2,075,322 0 0
BankFinancial Corp COM 06643P104 16,921 1,630,170 SH   SOLE   1,630,170 0 0
BCB Bancorp Inc COM 055298103 1,281 96,311 SH   SOLE   96,311 0 0
Capital One Financial Corp *W EXP 11/14/201 14040H139 3,956 98,800 SH   SOLE   98,800 0 0
Cheviot Financial Corp COM 16677X105 4,267 334,900 SH   SOLE   334,900 0 0
Citigroup Inc COM 172967424 4,926 95,068 SH   SOLE   95,068 0 0
Citizens Financial Group COM 174610105 5,855 250,000 SH   SOLE   250,000 0 0
Coastway Bancorp Inc COM 190632109 796 74,200 SH   SOLE   74,200 0 0
Codorus Valley Bancorp Inc COM 192025104 978 47,805 SH   SOLE   47,805 0 0
Colonial Financial Services Inc COM 19566B101 597 44,900 SH   SOLE   44,900 0 0
Community Financial Corp/The COM 20368X101 1,078 52,000 SH   SOLE   52,000 0 0
Eagle Bancorp Montana Inc COM 26942G100 1,289 119,982 SH   SOLE   119,982 0 0
Enterprise Financial Services Corp COM 293712105 16,697 998,618 SH   SOLE   998,618 0 0
First Business Financial Services Inc COM 319390100 1,589 36,200 SH   SOLE   36,200 0 0
First Merchants Corp COM 320817109 10,985 543,540 SH   SOLE   543,540 0 0
HF Financial Corp COM 404172108 7,474 556,095 SH   SOLE   556,095 0 0
HopFed Bancorp Inc COM 439734104 3,351 291,423 SH   SOLE   291,423 0 0
Horizon Bancorp/IN COM 440407104 12,837 557,176 SH   SOLE   557,176 0 0
Independent Bank Corp/MI COM 453838609 11,938 1,001,520 SH   SOLE   1,001,520 0 0
Investors Bancorp Inc COM 46146L101 7,946 784,451 SH   SOLE   784,451 0 0
JPMorgan Chase and Co COM 46625H100 3,344 55,510 SH   SOLE   55,510 0 0
JPMorgan Chase and Co *W EXP 10/28/201 46634E114 2,222 110,500 SH   SOLE   110,500 0 0
LNB Bancorp Inc COM 502100100 12,906 903,178 SH   SOLE   903,178 0 0
Magyar Bancorp Inc COM 55977T109 4,454 539,833 SH   SOLE   539,833 0 0
Malvern Federal Bancorp Inc COM 561409103 7,031 617,310 SH   SOLE   617,310 0 0
Metro Bancorp Inc COM 59161R101 28,827 1,188,729 SH   SOLE   1,188,729 0 0
Mid Penn Bancorp Inc COM 59540G107 885 56,373 SH   SOLE   56,373 0 0
MSB Financial Corp COM 55352P102 3,594 420,619 SH   SOLE   420,619 0 0
MutualFirst Financial Inc COM 62845B104 15,418 685,223 SH   SOLE   685,223 0 0
Naugatuck Valley Financial Corp COM 63906P107 971 124,183 SH   SOLE   124,183 0 0
Northeast Community Bancorp Inc COM 664112109 1,076 155,200 SH   SOLE   155,200 0 0
Old Point Financial Corp COM 680194107 3,981 269,908 SH   SOLE   269,908 0 0
PNC Financial Services Group Inc *W EXP 12/31/201 693475121 1,452 63,545 SH   SOLE   63,545 0 0
Polonia Bancorp COM 73158Q109 2,264 219,575 SH   SOLE   219,575 0 0
Prudential Bancorp Inc COM 74431A101 1,428 116,742 SH   SOLE   116,742 0 0
SB Financial Group Inc COM 78408D105 311 34,353 SH   SOLE   34,353 0 0
Sussex Bancorp COM 869245100 1,019 102,882 SH   SOLE   102,882 0 0
Westbury Bancorp Inc COM 95727P106 2,334 155,078 SH   SOLE   155,078 0 0