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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1867 Western Financial Corp Com 282518109   414,400 74 SH   SOLE 0 74 0 0
1st Capital Bancorp Com 319427100   1,499,044 167,491 SH   SOLE 0 167,491 0 0
1st Colonial Bancorp Inc Com 319716106   940,171 95,352 SH   SOLE 0 95,352 0 0
Alpine Banks of Colorado Com 020810107   3,362,313 128,174 SH   SOLE 0 128,174 0 0
American Business Bank Com 02475L105   1,049,217 39,077 SH   SOLE 0 39,077 0 0
American Riviera Bancorp Com 02933K103   2,658,256 183,328 SH   SOLE 0 183,328 0 0
Avidbank Holdings Inc Com 05368J103   1,327,728 82,983 SH   SOLE 0 82,983 0 0
Ballston Spa Bancorp Inc Com 058701103   922,488 18,088 SH   SOLE 0 18,088 0 0
Banc of California Inc Com 05990K106   0 0 SH   SOLE 0 0 0 0
Bancorp 34 Inc Com 05970V106   1,070,052 107,142 SH   SOLE 0 107,142 0 0
Bankwell Financial Group Inc Com 06654A103   2,690,040 110,338 SH   SOLE 0 110,338 0 0
Banner Corp Com 06652V208   2,662,691 60,973 SH   SOLE 0 60,973 0 0
BAY Community Bancorp Com 072205107   3,715,272 464,409 SH   SOLE 0 464,409 0 0
Blue Ridge Bankshares Inc Com 095825105   37,674 4,257 SH   SOLE 0 4,257 0 0
Boyle Bancorp Inc Com 103442109   1,527,149 19,331 SH   SOLE 0 19,331 0 0
Canandaigua National Corp Com 137143103   1,446,060 6,573 SH   SOLE 0 6,573 0 0
Cashmere Valley Bank Com 14756K102   3,257,543 76,594 SH   SOLE 0 76,594 0 0
Cecil Bancorp Inc Com 149841306   470,401 367,501 SH   SOLE 0 367,501 0 0
Central Valley Community Banco Com 155685100   2,277,933 147,439 SH   SOLE 0 147,439 0 0
Citba Financial Corp Com 173024100   1,393,576 61,391 SH   SOLE 0 61,391 0 0
Citizens Bancorp/OR Com 172950107   709,615 65,766 SH   SOLE 0 65,766 0 0
Citizens Financial Group Inc Com 174610105   2,929,592 112,331 SH   SOLE 0 112,331 0 0
CNB Community Bancorp Inc Com 12618F105   2,251,994 63,205 SH   SOLE 0 63,205 0 0
CNB Financial Corp/PA Com 126128107   1,765,000 100,000 SH   SOLE 0 100,000 0 0
Columbia Banking System Inc Com 197236102   2,723,645 134,302 SH   SOLE 0 134,302 0 0
Comerica Inc Com 200340107   3,352,582 79,145 SH   SOLE 0 79,145 0 0
Community Financial Corp/The Com 20368X101   1,951,591 72,041 SH   SOLE 0 72,041 0 0
Community Heritage Financial I Com 20370L103   1,876,950 129,000 SH   SOLE 0 129,000 0 0
Community West Bancshares Com 204157101   2,362,774 194,467 SH   SOLE 0 194,467 0 0
Cornerstone Community Bancorp Com 21925R108   3,822,633 143,708 SH   SOLE 0 143,708 0 0
Crystal Valley Financial Corp Com 22941P100   2,715,560 46,820 SH   SOLE 0 46,820 0 0
Dacotah Banks Inc Com 233422104   0 0 SH   SOLE 0 0 0 0
Denver Bankshares Inc Com 249082108   0 0 SH   SOLE 0 0 0 0
Embassy Bancorp Inc Com 290791102   1,880,917 127,089 SH   SOLE 0 127,089 0 0
Enterprise Bancorp Inc/MA Com 293668109   3,937,779 136,067 SH   SOLE 0 136,067 0 0
Exchange Bank/Santa Rosa CA Com 301227203   6,294,045 69,895 SH   SOLE 0 69,895 0 0
Farmers & Merchants Bank of Lo Com 308243104   738,480 136 SH   SOLE 0 136 0 0
Farmers and Merchants Bancshar Com 308856103   2,518,386 121,368 SH   SOLE 0 121,368 0 0
Fentura Financial Inc Com 314645102   2,644,738 137,389 SH   SOLE 0 137,389 0 0
Finwise Bancorp Com 31813A109   295,046 32,966 SH   SOLE 0 32,966 0 0
First Bankers Trustshares Inc Com 31929F109   311,513 17,750 SH   SOLE 0 17,750 0 0
First Busey Corp Com 319383204   4,151,675 206,551 SH   SOLE 0 206,551 0 0
First Capital Inc Com 31942S104   1,664,093 54,029 SH   SOLE 0 54,029 0 0
First Citizens BancShares Inc/ Com 31946M103   21,139,602 16,633 SH   SOLE 0 16,633 0 0
First Citizens BancShares Inc/ Com 31946M202   281,370 249 SH   SOLE 0 249 0 0
First Community Bankshares Inc Com 31983A103   4,075,834 137,095 SH   SOLE 0 137,095 0 0
First Horizon Corp Com 320517105   3,002,091 266,379 SH   SOLE 0 266,379 0 0
First Mid Bancshares Inc Com 320866106   3,099,673 128,404 SH   SOLE 0 128,404 0 0
First National Corp/VA Com 32106V107   5,229,150 316,343 SH   SOLE 0 316,343 0 0
First National of Nebraska Inc Com 335720108   9,491,625 715 SH   SOLE 0 715 0 0
First Ottawa Bancshares Inc Com 335876108   2,773,620 29,196 SH   SOLE 0 29,196 0 0
Five Star Bancorp Com 33830T103   1,510,668 67,531 SH   SOLE 0 67,531 0 0
FNB Corp/PA Com 302520101   2,599,168 227,200 SH   SOLE 0 227,200 0 0
Grand River Commerce Inc Com 386441109   610,123 159,718 SH   SOLE 0 159,718 0 0
HBT Financial Inc Com 404111106   1,979,442 107,345 SH   SOLE 0 107,345 0 0
Heartland BancCorp Com 421962101   2,219,494 27,067 SH   SOLE 0 27,067 0 0
Heritage Commerce Corp Com 426927109   3,312,075 400,009 SH   SOLE 0 400,009 0 0
Lakeland Bancorp Inc Com 511637100   3,053,456 228,040 SH   SOLE 0 228,040 0 0
Ledyard Financial Group Inc Com 523338101   874,878 64,282 SH   SOLE 0 64,282 0 0
Macatawa Bank Corp Com 554225102   4,079,117 439,560 SH   SOLE 0 439,560 0 0
Mechanics Bank/Walnut Creek CA Com 583614102   1,978,000 86 SH   SOLE 0 86 0 0
Merchants Financial Group Inc Com 588538108   5,385,870 209,160 SH   SOLE 0 209,160 0 0
Middlebury National Corp Com 596237107   438,872 15,674 SH   SOLE 0 15,674 0 0
Mission Bancorp/Bakersfield CA Com 605015106   5,084,984 62,012 SH   SOLE 0 62,012 0 0
Mountain Commerce Bancorp Inc Com 624004107   1,351,951 83,197 SH   SOLE 0 83,197 0 0
New York Community Bancorp Inc Com 649445103   2,716,719 241,701 SH   SOLE 0 241,701 0 0
New York Community Bancorp Inc Call 649445103   56,676 472,300 SH   SOLE 0 472,300 0 0
New York Community Bancorp Inc Call 649445103   247,910 190,700 SH   SOLE 0 190,700 0 0
New York Community Bancorp Inc Call 649445103   130,610 70,600 SH   SOLE 0 70,600 0 0
Oak Ridge Financial Services I Com 671768109   634,305 42,287 SH   SOLE 0 42,287 0 0
Oak Valley Bancorp Com 671807105   9,032,958 358,593 SH   SOLE 0 358,593 0 0
Old Second Bancorp Inc Com 680277100   2,129,276 163,038 SH   SOLE 0 163,038 0 0
Oregon Pacific Bancorp Com 686040205   3,607,016 644,110 SH   SOLE 0 644,110 0 0
Oxford Bank Corp/MI Com 69140P100   3,154,511 111,231 SH   SOLE 0 111,231 0 0
Pacific Valley Bancorp Com 69503T103   1,093,515 122,729 SH   SOLE 0 122,729 0 0
Parke Bancorp Inc Com 700885106   2,460,441 144,817 SH   SOLE 0 144,817 0 0
Peoples Bancorp/WA Com 70979X107   950,000 5,000 SH   SOLE 0 5,000 0 0
Pinnacle Bank/Gilroy CA Com 72346K107   2,204,642 191,708 SH   SOLE 0 191,708 0 0
Pinnacle Financial Partners In Com 72346Q104   2,492,657 44,001 SH   SOLE 0 44,001 0 0
Plumas Bancorp Com 729273102   7,844,733 219,802 SH   SOLE 0 219,802 0 0
Premier Financial Corp Com 74052F108   1,864,728 116,400 SH   SOLE 0 116,400 0 0
Prime Meridian Holding Co Com 74164R107   3,088,764 147,014 SH   SOLE 0 147,014 0 0
Red River Bancshares Inc Com 75686R202   3,266,778 66,479 SH   SOLE 0 66,479 0 0
Redwood Capital Bancorp Com 75777X100   3,189,356 179,278 SH   SOLE 0 179,278 0 0
Santa Cruz County Bank Com 801827106   5,734,595 224,446 SH   SOLE 0 224,446 0 0
Security National Corp/IA Com 814784104   2,204,540 16,958 SH   SOLE 0 16,958 0 0
Shore Bancshares Inc Com 825107105   318,201 27,526 SH   SOLE 0 27,526 0 0
Solvay Bank Com 83441Q105   2,212,584 76,296 SH   SOLE 0 76,296 0 0
South Atlantic Bancshares Inc Com 83636T104   261,888 26,400 SH   SOLE 0 26,400 0 0
Southeastern Banking Corp Com 84158P108   1,248,091 65,689 SH   SOLE 0 65,689 0 0
Southern BancShares NC Inc Com 842243107   10,389,600 1,924 SH   SOLE 0 1,924 0 0
Southern California Bancorp Com 84252A106   2,861,388 208,556 SH   SOLE 0 208,556 0 0
Southern Missouri Bancorp Inc Com 843380106   3,049,623 79,314 SH   SOLE 0 79,314 0 0
Studio Financial Holdings Inc Com 864001102   872,971 83,061 SH   SOLE 0 83,061 0 0
Summit Bancshares Inc/CA Com 866010101   1,281,618 35,161 SH   SOLE 0 35,161 0 0
Surrey Bancorp Com 86888W105   0 0 SH   SOLE 0 0 0 0
Synovus Financial Corp Com 87161C501   3,272,869 108,194 SH   SOLE 0 108,194 0 0
Timberland Bancorp Inc/WA Com 887098101   5,905,066 230,847 SH   SOLE 0 230,847 0 0
Traditions Bancorp Inc Com 89269L102   2,995,963 173,679 SH   SOLE 0 173,679 0 0
Tri City Bankshares Corp Com 895364107   1,242,952 93,455 SH   SOLE 0 93,455 0 0
Tri-County Financial Group Inc Com 89546P108   2,724,348 61,917 SH   SOLE 0 61,917 0 0
United BanCorp of Alabama Inc Com 90944R100   3,026,469 77,029 SH   SOLE 0 77,029 0 0
Valley National Bancorp Com 919794107   1,980,435 255,540 SH   SOLE 0 255,540 0 0
Veritex Holdings Inc Com 923451108   2,079,880 116,000 SH   SOLE 0 116,000 0 0
Village Bank and Trust Financi Com 92705T200   14,386 333 SH   SOLE 0 333 0 0
Wayne Savings Bancshares Inc Com 94624Q101   1,209,142 46,685 SH   SOLE 0 46,685 0 0
Woodlands Financial Services C Com 979685104   1,370,097 69,372 SH   SOLE 0 69,372 0 0
WSFS Financial Corp Com 929328102   1,652,853 43,819 SH   SOLE 0 43,819 0 0
WTB Financial Corp Com 929334209   3,513,312 12,672 SH   SOLE 0 12,672 0 0
Zions Bancorp NA Com 989701107   2,720,649 101,290 SH   SOLE 0 101,290 0 0