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
BRIDGE CAP HLDGS COM STK COM 108030107 314 12,987 SH   SOLE   12,890 0 0
TRI COUNTY FINANCIAL CORP COM STK COM 20368X101 320 13,500 SH   SOLE   13,395 0 0
FARMERS & MERCHANTS STATE BANK COM STK COM 30779N105 367 14,992 SH   SOLE   14,887 0 0
BAY COML BK WALNUT CREEK CALIF COM STK COM 072199102 381 36,207 SH   SOLE   35,927 0 0
MAINSOURCE FINL GROUP INC COM STK COM 56062Y102 465 26,996 SH   SOLE   26,861 0 0
MIDDLEBURG FINANCIALCORP COM 596094102 550 27,501 SH   SOLE   27,331 0 0
SHORE BANCSHARES INC COM STK COM 825107105 675 75,000 SH   SOLE   74,460 0 0
F & M BANK CORP COM STK COM 30237P9V0 1,399 79,070 SH   SOLE   79,070 0 0
CENTRAL FEDERAL CORP COM STK COM 15346Q202 1,437 971,101 SH   SOLE   964,776 0 0
UNITED SEC BANCSHARES CALIF COM STK COM 911460103 1,533 275,759 SH   SOLE   273,903 0 0
FNB BANCORP CALIF COM STK COM 302515101 1,563 54,660 SH   SOLE   54,260 0 0
CHOICEONE FINANCIAL SERVICES I COM STK COM 170386106 1,571 85,187 SH   SOLE   84,457 0 0
EVANS BANCORP INC COM STK COM 29911Q208 1,721 74,366 SH   SOLE   73,886 0 0
MONARCH COMMUNITY BANCORP INC COM STK COM 6090459A9 1,879 666,600 SH   SOLE   666,600 0 0
RIVERVIEW BANCORP INC COM STK COM 769397100 1,988 512,622 SH   SOLE   508,957 0 0
1ST CENTY BK NATL ASSN COM STK COM 31943X102 2,151 283,818 SH   SOLE   281,873 0 0
PROVIDENT FINANCIAL HOLDINGS I COM STK COM 743868101 2,154 148,164 SH   SOLE   147,124 0 0
PEOPLE FED BANC COM 711037101 2,250 121,902 SH   SOLE   121,122 0 0
DCB FINANCIAL CORP COM STK COM 2330759C6 2,389 318,537 SH   SOLE   316,352 0 0
CORTLAND BANCORP COM STK COM 220587109 2,409 202,475 SH   SOLE   200,908 0 0
MERCHANTS BANCSHARES INC COM STK COM 588448100 2,534 79,267 SH   SOLE   78,757 0 0
GUARANTY BANCORP DEL COM STK COM 40075T607 2,561 184,295 SH   SOLE   182,985 0 0
MUTUALFIRST FINANCIAL INC COM STK COM 62845B104 2,694 141,212 SH   SOLE   140,202 0 0
OCEANFIRST FINL CORP COM STK COM 675234108 2,721 164,360 SH   SOLE   163,265 0 0
CAPE BANCORP INC COM COM 139209100 2,733 254,724 SH   SOLE   253,019 0 0
DNB FINANCIAL CORP COM STK COM 233237106 2,738 128,857 SH   SOLE   127,895 0 0
FIRST DEFIANCE FINANCIAL CORP COM STK COM 32006W106 2,830 98,637 SH   SOLE   97,757 0 0
CENTRAL VALLEY COMMUNITY BANCO COM STK COM 155685100 2,861 218,617 SH   SOLE   217,113 0 0
FOX CHASE BANCORP INC COM STK COM 35137T108 3,024 179,409 SH   SOLE   178,129 0 0
ENTERPRISE BNCP COM 293668109 3,081 149,385 SH   SOLE   148,532 0 0
FIRSTMERIT CORP COM STK COM 337915102 3,292 166,700 SH   SOLE   165,520 0 0
HERITAGE COMM CORP COM STK COM 426927109 3,342 409,110 SH   SOLE   406,401 0 0
NORTH VY BANCORP COM STK COM 66304M204 3,369 154,637 SH   SOLE   153,582 0 0
FARMERS NATL BANC CORP COM STK COM 309627107 3,385 434,612 SH   SOLE   431,367 0 0
ENTERPRISE FINL SVCS CORP COM STK COM 293712105 3,390 187,721 SH   SOLE   186,266 0 0
FIRST BUSINESS FINANCIAL SERVI COM STK COM 319390100 3,394 72,177 SH   SOLE   71,711 0 0
MACKINAC FINL CORP COM STK COM 554571109 3,861 299,333 SH   SOLE   297,238 0 0
LNB BANCORP INC COM STK COM 502100100 4,269 350,552 SH   SOLE   347,502 0 0
SOUTHWEST BANCORP INC OKLA COM STK COM 844767103 4,325 253,535 SH   SOLE   251,785 0 0
BANK MUTUAL CORP COM STK COM 063750103 4,413 761,001 SH   SOLE   755,908 0 0
INDEPENDENT BK CORP MICH COM STK COM 453838609 4,581 355,982 SH   SOLE   353,557 0 0
EAGLE BANCORP INC COM STK COM 268948106 4,614 136,724 SH   SOLE   135,844 0 0
PACIFIC CONTINENTAL CORP COM STK COM 69412V108 4,647 338,489 SH   SOLE   336,099 0 0
PREFERRED BK LOS ANGELES CALIF COM STK COM 740367404 4,697 198,696 SH   SOLE   197,366 0 0
CARDINAL FINL CORP COM STK COM 14149F109 4,768 258,310 SH   SOLE   256,485 0 0
BANNER CORP COM STK COM 06652V208 5,639 142,310 SH   SOLE   141,210 0 0
YADKIN VALLEY FINANCIAL CORP COM STK COM 984305102 6,164 327,180 SH   SOLE   324,915 0 0
FIFTH THIRD BANCORP COM STK COM 316773100 6,777 317,439 SH   SOLE   315,204 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 6,787 639,079 SH   SOLE   634,774 0 0
PEOPLES BANCORP INC COM STK COM 709789101 6,835 258,449 SH   SOLE   256,674 0 0
KEYCORP NY COM STK COM 493267108 7,054 492,321 SH   SOLE   489,074 0 0
BNC BANCORP COM STK COM 05566T101 7,567 443,328 SH   SOLE   440,384 0 0
COMERICA INC WARRANT EXP W EXP 11/14/2018 200340115 7,930 376,550 SH   SOLE   373,635 0 0
WEBSTER FINL CORP WATERBURY CO COM STK COM 947890109 8,357 264,977 SH   SOLE   263,202 0 0
EAST-WEST BANCORP INC COM STK COM 27579R104 9,313 266,175 SH   SOLE   264,375 0 0
WILSHIRE BANCORP INC COM COM 97186T108 10,467 1,019,209 SH   SOLE   1,012,323 0 0
FLUSHING FINANCIAL CORP COM STK COM 343873105 10,515 511,688 SH   SOLE   508,283 0 0
HANMI FINL CORP COM STK COM 410495204 10,651 505,297 SH   SOLE   502,297 0 0
PROSPERITY BANCSHARES INC COM STK COM 743606105 13,357 213,372 SH   SOLE   211,857 0 0