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
AMERICAN RIV BANKSHARES COM 029326105 3,814 290,000 SH   SOLE   290,000 0 0
AMERIS BANCORP COM 03076K108 9,422 247,497 SH   SOLE   247,497 0 0
BANC OF CALIFORNIA COM 05990K106 50,039 3,401,719 SH   SOLE   3,401,719 0 0
BANKFINANCIAL COM 06643P104 9,262 1,054,922 SH   SOLE   1,054,922 0 0
BAYCOM COM 07272M107 2,435 160,530 SH   SOLE   160,530 0 0
BK OF AMERICA COM 060505104 1,258 41,500 SH   SOLE   41,500 0 0
CAPITAL ONE FINL COM 14040H105 14,338 145,050 SH   SOLE   145,050 0 0
CITIGROUP COM 172967424 8,945 145,068 SH   SOLE   145,068 0 0
CITIZENS FINL GROUP COM 174610105 13,573 379,553 SH   SOLE   379,553 0 0
COMERICA COM 200340107 1,508 27,000 SH   SOLE   27,000 0 0
COMMUNITY WEST BANCSHARES COM 204157101 2,575 283,614 SH   SOLE   283,614 0 0
ENTERPRISE FINL SVCS COM 293712105 21,531 616,046 SH   SOLE   616,046 0 0
EVANS BANCORP COM NEW 29911Q208 10,455 379,635 SH   SOLE   379,635 0 0
F N B COM 302520101 18,874 1,986,765 SH   SOLE   1,986,765 0 0
FIFTH THIRD BANCORP COM 316773100 5,630 204,199 SH   SOLE   204,199 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 133 14,180 SH   SOLE   14,180 0 0
FIRST FINANCIAL NORTHWEST COM 32022K102 570 50,000 SH   SOLE   50,000 0 0
FIRST FINL BANCORP OH COM 320209109 4,757 271,364 SH   SOLE   271,364 0 0
FIRST HORIZON CORPORATION COM 320517105 3,190 250,000 SH   SOLE   250,000 0 0
FIRST INTERNET BANCORP COM 320557101 265 18,000 SH   SOLE   18,000 0 0
FIRST MERCHANTS COM 320817109 28,107 751,333 SH   SOLE   751,333 0 0
HAWTHORN BANCSHARES COM 420476103 6,202 283,184 SH   SOLE   283,184 0 0
HERITAGE COMM COM 426927109 887 100,000 SH   SOLE   100,000 0 0
HORIZON BANCORP COM 440407104 21,311 1,343,712 SH   SOLE   1,343,712 0 0
HUNTINGTON BANCSHARES COM 446150104 3,347 265,000 SH   SOLE   265,000 0 0
INDEPENDENT BK MICH COM 453838609 6,649 359,985 SH   SOLE   359,985 0 0
INVESCO EXCH TRADED FD TR II KBW BK ETF KBW BK ETF 46138E628 9,320 185,000 SH   SOLE   185,000 0 0
KEYCORP COM 493267108 5,333 325,000 SH   SOLE   325,000 0 0
LUMENT FINANCE TRUST COM 55025L108 2,718 831,338 SH   SOLE   831,338 0 0
MAGYAR BANCORP COM 55977T109 4,498 539,228 SH   SOLE   539,228 0 0
MALVERN BANCORP COM 561409103 8,808 746,461 SH   SOLE   746,461 0 0
MIDLAND STATES BANCORP INC COM 597742105 129 10,000 SH   SOLE   10,000 0 0
NORTHWEST BANCSHARES MD COM 667340103 7,639 830,345 SH   SOLE   830,345 0 0
OLD POINT FINL COM 680194107 6,912 456,215 SH   SOLE   456,215 0 0
PROVIDENT FINL SVCS COM 74386T105 1,703 139,609 SH   SOLE   139,609 0 0
RELIANT BANCORP COM 75956B101 2,518 173,684 SH   SOLE   173,684 0 0
SOUTHERN NATL BANCORP OF VA IN COM 843395104 4,698 541,259 SH   SOLE   541,259 0 0
STERLING BANCORP DEL COM 85917A100 241 22,900 SH   SOLE   22,900 0 0
SYNCHRONY FINANCIAL COM 87165B103 8,217 314,000 SH   SOLE   314,000 0 0
UMPQUA HLDGS COM 904214103 479 45,100 SH   SOLE   45,100 0 0