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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1867 Western Financial Corp Com 282518109   671,500 79 SH   SOLE 0 79 0 0
1st Colonial Bancorp Inc Com 319716106   570,024 31,064 SH   SOLE 0 31,064 0 0
Alpine Banks of Colorado Com 020810107   4,484,210 143,174 SH   SOLE 0 143,174 0 0
American Riviera Bancorp Com 02933K103   3,983,717 183,328 SH   SOLE 0 183,328 0 0
Ballston Spa Bancorp Inc Com 058701103   1,711,208 26,302 SH   SOLE 0 26,302 0 0
Bancorp 34 Inc Com 05970V106   1,355,346 107,142 SH   SOLE 0 107,142 0 0
Bancorp Inc/The Com 05969A105   1,497,800 20,000 SH   SOLE 0 20,000 0 0
Bankwell Financial Group Inc Com 06654A103   5,139,107 116,138 SH   SOLE 0 116,138 0 0
Banner Corp Com 06652V208   3,993,732 60,973 SH   SOLE 0 60,973 0 0
Boyle Bancorp Inc Com 103442109   3,212,687 33,729 SH   SOLE 0 33,729 0 0
California BanCorp Com 84252A106   3,478,714 208,556 SH   SOLE 0 208,556 0 0
Canandaigua National Corp Com 137143103   1,777,450 9,355 SH   SOLE 0 9,355 0 0
Cashmere Valley Bank Com 14756K102   6,347,672 91,597 SH   SOLE 0 91,597 0 0
Cecil Bancorp Inc Com 149841306   558,602 367,501 SH   SOLE 0 367,501 0 0
Century Financial Corp/MA Com 15652L102   1,907,528 41,468 SH   SOLE 0 41,468 0 0
Chino Commercial Bancorp Com 16957L102   3,767,807 229,046 SH   SOLE 0 229,046 0 0
Citba Financial Corp Com 173024100   1,780,339 61,391 SH   SOLE 0 61,391 0 0
Citizens Bancorp/OR Com 172950107   1,007,241 102,258 SH   SOLE 0 102,258 0 0
Citizens Financial Group Inc Com 174610105   5,971,516 112,331 SH   SOLE 0 112,331 0 0
CNB Community Bancorp Inc Com 12618F105   2,753,210 63,205 SH   SOLE 0 63,205 0 0
CNB Financial Corp/PA Com 126128107   2,420,000 100,000 SH   SOLE 0 100,000 0 0
Columbia Banking System Inc Com 197236102   4,023,213 156,302 SH   SOLE 0 156,302 0 0
Comerica Inc Com 200340107   5,423,015 79,145 SH   SOLE 0 79,145 0 0
Community Bancorp of Santa Mar Com 20344R103   2,533,695 172,595 SH   SOLE 0 172,595 0 0
Community Heritage Financial I Com 20370L103   3,857,100 129,000 SH   SOLE 0 129,000 0 0
Community West Bancshares Com 203937107   4,381,756 210,257 SH   SOLE 0 210,257 0 0
Cornerstone Bancorp Inc/IL Com 21925H100   488,085 5,006 SH   SOLE 0 5,006 0 0
Cornerstone Community Bancorp Com 21925R108   0 0 SH   SOLE 0 0 0 0
Crystal Valley Financial Corp Com 22941P100   3,811,694 54,445 SH   SOLE 0 54,445 0 0
Embassy Bancorp Inc Com 290791102   2,626,917 152,639 SH   SOLE 0 152,639 0 0
Enterprise Bancorp Inc/MA Com 293668109   0 0 SH   SOLE 0 0 0 0
Exchange Bank/Santa Rosa CA Com 301227203   7,968,030 69,895 SH   SOLE 0 69,895 0 0
Farmers & Merchants Bancorp/Lo Com 307795104   3,775,522 3,662 SH   SOLE 0 3,662 0 0
Farmers and Merchants Bancshar Com 308856103   1,143,840 68,906 SH   SOLE 0 68,906 0 0
FFD Financial Corp Com 30243C107   1,633,257 45,878 SH   SOLE 0 45,878 0 0
Fidelity D&D Bancorp Inc Com 31609R100   39,184 894 SH   SOLE 0 894 0 0
Finwise Bancorp Com 31813A109   2,658,815 137,123 SH   SOLE 0 137,123 0 0
First Berlin Bancorp Inc Com 319302105   283,154 8,989 SH   SOLE 0 8,989 0 0
First Capital Inc Com 31942S104   4,262,011 93,057 SH   SOLE 0 93,057 0 0
First Citizens BancShares Inc/ Com 31946M103   9,767,024 5,459 SH   SOLE 0 5,459 0 0
First Citizens BancShares Inc/ Com 31946M202   1,394,592 876 SH   SOLE 0 876 0 0
First Horizon Corp Com 320517105   0 0 SH   SOLE 0 0 0 0
First Mid Bancshares Inc Com 320866106   4,863,944 128,404 SH   SOLE 0 128,404 0 0
First National Corp/VA Com 32106V107   7,174,659 316,343 SH   SOLE 0 316,343 0 0
First National of Nebraska Inc Com 335720108   6,950,000 500 SH   SOLE 0 500 0 0
First Ottawa Bancshares Inc Com 335876108   5,792,124 37,129 SH   SOLE 0 37,129 0 0
Five Star Bancorp Com 33830T103   4,342,073 134,847 SH   SOLE 0 134,847 0 0
FNB Corp/PA Com 302520101   4,230,373 262,593 SH   SOLE 0 262,593 0 0
Foresight Financial Group Inc Com 345526107   162,750 5,000 SH   SOLE 0 5,000 0 0
FS Bancorp Inc Com 30263Y104   817,402 20,476 SH   SOLE 0 20,476 0 0
HBT Financial Inc Com 404111106   4,594,741 182,331 SH   SOLE 0 182,331 0 0
Home Loan Financial Corp Com 437183205   99,600 3,000 SH   SOLE 0 3,000 0 0
Horizon Bancorp Inc/IN Com 440407104   2,092,731 130,714 SH   SOLE 0 130,714 0 0
Independent Bank Corp Com 453836108   4,454,548 64,400 SH   SOLE 0 64,400 0 0
Jd Bancshares Inc Com 46591R108   1,815,501 67,191 SH   SOLE 0 67,191 0 0
Ledyard Financial Group Inc Com 523338101   77,813 5,590 SH   SOLE 0 5,590 0 0
M&T Bank Corp Com 55261F104   4,742,880 24,000 SH   SOLE 0 24,000 0 0
Main Street Financial Services Com 56035X108   2,024,400 126,446 SH   SOLE 0 126,446 0 0
Mechanics Bancorp Com 43785V102   4,704,837 353,216 SH   SOLE 0 353,216 0 0
Mercantile Bank Corp Com 587376104   900,000 20,000 SH   SOLE 0 20,000 0 0
Merchants Financial Group Inc Com 588538108   5,626,404 209,160 SH   SOLE 0 209,160 0 0
Middlebury National Corp Com 596237107   917,001 24,717 SH   SOLE 0 24,717 0 0
Mission Bancorp/Bakersfield CA Com 605015106   8,028,106 86,231 SH   SOLE 0 86,231 0 0
Morris State BancShares Inc Com 618304109   115,250 5,000 SH   SOLE 0 5,000 0 0
Mountain Commerce Bancorp Inc Com 624004107   3,058,494 150,147 SH   SOLE 0 150,147 0 0
Oak Ridge Financial Services I Com 671768109   3,267,566 122,152 SH   SOLE 0 122,152 0 0
Oak Valley Bancorp Com 671807105   10,101,565 358,593 SH   SOLE 0 358,593 0 0
Old Second Bancorp Inc Com 680277100   2,818,112 163,038 SH   SOLE 0 163,038 0 0
Oregon Pacific Bancorp Com 686040205   6,849,671 661,804 SH   SOLE 0 661,804 0 0
Oxford Bank Corp/MI Com 69140P100   5,013,463 135,499 SH   SOLE 0 135,499 0 0
Pacific Valley Bancorp Com 69503T103   2,223,122 216,257 SH   SOLE 0 216,257 0 0
Parke Bancorp Inc Com 700885106   3,120,806 144,817 SH   SOLE 0 144,817 0 0
Partners Bank of California Com 70212Y102   662,065 62,755 SH   SOLE 0 62,755 0 0
Peoples Bancorp/WA Com 70979X107   1,150,000 5,000 SH   SOLE 0 5,000 0 0
Pinnacle Bank/Gilroy CA Com 72346K107   4,371,770 211,708 SH   SOLE 0 211,708 0 0
Plumas Bancorp Com 729273102   12,370,481 286,752 SH   SOLE 0 286,752 0 0
Prime Meridian Holding Co Com 74164R107   6,496,766 127,014 SH   SOLE 0 127,014 0 0
Private Bancorp of America Inc Com 74274F100   3,675,183 62,397 SH   SOLE 0 62,397 0 0
Provident Financial Services I Com 74386T105   3,657,532 189,706 SH   SOLE 0 189,706 0 0
Red River Bancshares Inc Com 75686R202   4,309,169 66,479 SH   SOLE 0 66,479 0 0
Redwood Capital Bancorp Com 75777X100   4,845,091 186,278 SH   SOLE 0 186,278 0 0
Security National Corp/IA Com 814784104   3,048,910 18,476 SH   SOLE 0 18,476 0 0
Shore Bancshares Inc Com 825107105   3,204,660 195,287 SH   SOLE 0 195,287 0 0
Solvay Bank Com 83441Q105   2,174,436 76,296 SH   SOLE 0 76,296 0 0
Southeastern Banking Corp Com 84158P108   2,764,727 115,149 SH   SOLE 0 115,149 0 0
Southern BancShares NC Inc Com 842243107   10,235,500 1,100 SH   SOLE 0 1,100 0 0
Southern Missouri Bancorp Inc Com 843380106   4,168,744 79,314 SH   SOLE 0 79,314 0 0
Studio Financial Holdings Inc Com 864001102   1,637,179 148,161 SH   SOLE 0 148,161 0 0
Synovus Financial Corp Com 87161C501   0 0 SH   SOLE 0 0 0 0
Timberland Bancorp Inc/WA Com 887098101   7,682,588 230,847 SH   SOLE 0 230,847 0 0
Tri City Bankshares Corp Com 895364107   2,403,327 146,455 SH   SOLE 0 146,455 0 0
Tri-County Financial Group Inc Com 89546P108   3,018,454 61,917 SH   SOLE 0 61,917 0 0
United BanCorp of Alabama Inc Com 90944R100   4,537,038 81,896 SH   SOLE 0 81,896 0 0
Valley National Bancorp Com 919794107   2,708,724 255,540 SH   SOLE 0 255,540 0 0
Washington Trust Bancorp Inc Com 940610108   3,469,416 120,049 SH   SOLE 0 120,049 0 0
WesBanco Inc Com 950810101   0 0 SH   SOLE 0 0 0 0
West Coast Community Bancorp Com 952170108   12,478,833 295,357 SH   SOLE 0 295,357 0 0
Wintrust Financial Corp Com 97650W108   3,216,173 24,284 SH   SOLE 0 24,284 0 0
Woodlands Financial Services C Com 979685104   1,934,416 74,372 SH   SOLE 0 74,372 0 0
WSFS Financial Corp Com 929328102   0 0 SH   SOLE 0 0 0 0
WTB Financial Corp Com 929334209   4,005,999 12,672 SH   SOLE 0 12,672 0 0
Zions Bancorp NA Com 989701107   5,730,988 101,290 SH   SOLE 0 101,290 0 0