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
Bankwell Financial Group Inc Equity 06654A103 4,352 139,359 SH   SOLE   139,359 0 0
Carolina Financial Corp Equity 143873107 4,427 136,977 SH   SOLE   136,977 0 0
Comerica Inc Equity 200340107 6,372 87,000 SH   SOLE   87,000 0 0
CVB Financial Corp Equity 126600105 0 0 SH   SOLE   0 0 0
Central Valley Community Banco Equity 155685100 2,012 90,787 SH   SOLE   90,787 0 0
Community West Bancshares Equity 204157101 3,111 308,058 SH   SOLE   308,058 0 0
Citizens First Corp Equity 17462Q107 3,779 170,677 SH   SOLE   170,677 0 0
First Bancshares Inc/The Equity 318916103 1,555 56,338 SH   SOLE   56,338 0 0
1st Constitution Bancorp Equity 31986N102 2,210 125,198 SH   SOLE   125,198 0 0
First Citizens BancShares Inc/ Equity 31946M103 7,126 19,121 SH   SOLE   19,121 0 0
First Mid-Illinois Bancshares Equity 320866106 1,930 56,369 SH   SOLE   56,369 0 0
Howard Bancorp Inc Equity 442496105 1,406 73,057 SH   SOLE   73,057 0 0
Horizon Bancorp/IN Equity 440407104 3,298 125,151 SH   SOLE   125,151 0 0
Fidelity Southern Corp Equity 316394105 6,267 274,141 SH   SOLE   274,141 0 0
Middlefield Banc Corp Equity 596304204 3,780 75,000 SH   SOLE   75,000 0 0
NI Holdings Inc Equity 65342T106 1,019 56,971 SH   SOLE   56,971 0 0
Norwood Financial Corp Equity 669549107 917 21,707 SH   SOLE   21,707 0 0
Oak Valley Bancorp Equity 671807105 3,966 285,320 SH   SOLE   285,320 0 0
Paragon Commercial Corp Equity 69911U403 1,157 22,044 SH   SOLE   22,044 0 0
Peapack Gladstone Financial Co Equity 704699107 3,661 117,009 SH   SOLE   117,009 0 0
Plumas Bancorp Equity 729273102 7,514 352,747 SH   SOLE   352,747 0 0
QCR Holdings Inc Equity 74727A104 3,005 63,394 SH   SOLE   63,394 0 0
Royal Bancshares of Pennsylvan Equity 780081105 429 101,378 SH   SOLE   101,378 0 0
Regions Financial Corp Equity 7591EP100 7,004 478,383 SH   SOLE   478,383 0 0
Southern Missouri Bancorp Inc Equity 843380106 4,419 136,970 SH   SOLE   136,970 0 0
SmartFinancial Inc Equity 83190L208 605 25,350 SH   SOLE   25,350 0 0
Community Financial Corp/The Equity 20368X101 2,477 64,347 SH   SOLE   64,347 0 0
Timberland Bancorp Inc/WA Equity 887098101 9,499 375,899 SH   SOLE   375,899 0 0
Wellesley Bank Equity 949485106 70 2,530 SH   SOLE   2,530 0 0
Zions Bancorporation Equity 989701107 6,367 145,000 SH   SOLE   145,000 0 0
ZIONS BANCORPORATION Warrant 989701115 708 55,000 SH   SOLE   55,000 0 0