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
Access Natl Corp COM 004337101 830 27,648 SH   SOLE   27,648 0 0
BancFirst Corp COM 05945F103 5,496 61,136 SH   SOLE   61,136 0 0
Bank of South Carolina Corp COM 065066102 1,552 74,627 SH   SOLE   74,627 0 0
Bank of Marin Bancorp COM 063425102 2,332 36,234 SH   SOLE   36,234 0 0
Bryn Mawr Bk Corp COM 117665109 4,923 124,625 SH   SOLE   124,625 0 0
First Busey Corp COM NEW 319383204 2,940 100,000 SH   SOLE   100,000 0 0
Meta Finl Group Inc COM 59100U108 3,098 35,000 SH   SOLE   35,000 0 0
Century Bancorp Inc Mass CL A NON VTG 156432106 3,041 50,000 SH   SOLE   50,000 0 0
Connectone Bancorp Inc NEW COM 20786W107 1,213 50,000 SH   SOLE   50,000 0 0
CoBiz Financial Inc COM 190897108 2,100 125,000 SH   SOLE   125,000 0 0
Customers Bancorp Inc COM 23204G100 1,577 50,000 SH   SOLE   50,000 0 0
CU Bancorp Calif COM 126534106 2,379 60,000 SH   SOLE   60,000 0 0
CommerceWest Bank COM 20084T103 2,473 133,700 SH   SOLE   133,700 0 0
DNB Finl Corp COM 233237106 1,700 50,000 SH   SOLE   50,000 0 0
Enterprise Bancorp Inc Mass COM 293668109 1,991 57,285 SH   SOLE   57,285 0 0
Enterprise Finl Svcs Corp COM 293712105 2,395 56,475 SH   SOLE   56,475 0 0
Eagle Bancorp Inc MD COM 268948106 6,674 111,788 SH   SOLE   111,788 0 0
First Bus Finl Svcs Inc Wis COM 319390100 2,336 90,000 SH   SOLE   90,000 0 0
First Comnty Bancshares Inc N COM 31983A103 1,061 42,497 SH   SOLE   42,497 0 0
First Fndtn Inc COM 32026V104 2,168 139,800 SH   SOLE   139,800 0 0
First Intst BancSystem Inc COM CL A 32055Y201 3,330 83,990 SH   SOLE   83,990 0 0
First Long Is Corp COM 320734106 6,350 234,758 SH   SOLE   234,758 0 0
Franklin Finl Network Inc COM 35352P104 1,550 40,000 SH   SOLE   40,000 0 0
German Amern Bancorp Inc COM 373865104 4,615 97,478 SH   SOLE   97,478 0 0
Guaranty Bancorp Del COM NEW 40075T607 1,826 75,000 SH   SOLE   75,000 0 0
Horizon Bancorp Inc COM 440407104 1,967 75,000 SH   SOLE   75,000 0 0
Heritage Commerce Corp COM 426927109 2,191 155,400 SH   SOLE   155,400 0 0
Landmark Bancorp Inc COM 51504L107 2,213 74,653 SH   SOLE   74,653 0 0
Lakeland Finl Corp COM 511656100 6,290 145,874 SH   SOLE   145,874 0 0
Mercantile Bank Corp COM 587376104 2,580 75,000 SH   SOLE   75,000 0 0
MidWestOne Finl Group Inc NE COM 598511103 3,854 112,407 SH   SOLE   112,407 0 0
Northrim BanCorp Inc COM 666762109 1,503 50,000 SH   SOLE   50,000 0 0
Oak Valley Bancorp Oakdale C COM 671807105 990 75,000 SH   SOLE   75,000 0 0
Preferred Bk Los Angeles CA COM NEW 740367404 1,692 31,525 SH   SOLE   31,525 0 0
Park Sterling Corp COM 70086Y105 1,539 125,000 SH   SOLE   125,000 0 0
Sandy Spring Bancorp Inc COM 800363103 2,050 50,000 SH   SOLE   50,000 0 0
1st Source Corp COM 336901103 2,348 50,000 SH   SOLE   50,000 0 0
Stock Yds Bancorp Inc COM 861025104 6,442 158,480 SH   SOLE   158,480 0 0
Tompkins Financial Corporati COM 890110109 4,297 53,349 SH   SOLE   53,349 0 0
TowneBank Portsmouth VA COM 89214P109 3,240 100,000 SH   SOLE   100,000 0 0
Washington Tr Bancorp COM 940610108 2,965 60,137 SH   SOLE   60,137 0 0
West Bancorporation Inc CAP STK 95123P106 3,157 137,581 SH   SOLE   137,581 0 0