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
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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
American River Bankshares Equity 029326105 1,905 122,807 SH   SOLE   122,807 0 0
Bankwell Financial Group Inc Equity 06654A103 4,499 139,359 SH   SOLE   139,359 0 0
Comerica Inc Equity 200340107 7,580 79,016 SH   SOLE   79,016 0 0
Central Valley Community Banco Equity 155685100 926 47,364 SH   SOLE   47,364 0 0
Community West Bancshares Equity 204157101 3,496 308,058 SH   SOLE   308,058 0 0
Citizens First Corp Equity 17462Q107 4,464 175,677 SH   SOLE   175,677 0 0
First Bancshares Inc/The Equity 318916103 1,817 56,338 SH   SOLE   56,338 0 0
1st Constitution Bancorp Equity 31986N102 2,723 125,198 SH   SOLE   125,198 0 0
First Citizens BancShares Inc/ Equity 31946M103 3,839 9,290 SH   SOLE   9,290 0 0
First Mid-Illinois Bancshares Equity 320866106 2,055 56,369 SH   SOLE   56,369 0 0
Howard Bancorp Inc Equity 442496105 1,447 73,057 SH   SOLE   73,057 0 0
Horizon Bancorp/IN Equity 440407104 0 0 SH   SOLE   0 0 0
Fidelity Southern Corp Equity 316394105 1,475 63,950 SH   SOLE   63,950 0 0
Middlefield Banc Corp Equity 596304204 4,171 84,956 SH   SOLE   84,956 0 0
NI Holdings Inc Equity 65342T106 951 56,971 SH   SOLE   56,971 0 0
Norwood Financial Corp Equity 669549107 529 17,577 SH   SOLE   17,577 0 0
Oak Valley Bancorp Equity 671807105 6,299 282,455 SH   SOLE   282,455 0 0
Peapack Gladstone Financial Co Equity 704699107 5,076 152,009 SH   SOLE   152,009 0 0
Plumas Bancorp Equity 729273102 8,783 352,747 SH   SOLE   352,747 0 0
Regions Financial Corp Equity 7591EP100 8,517 458,383 SH   SOLE   458,383 0 0
Southern Missouri Bancorp Inc Equity 843380106 2,529 69,094 SH   SOLE   69,094 0 0
SmartFinancial Inc Equity 83190L208 597 25,350 SH   SOLE   25,350 0 0
Community Financial Corp/The Equity 20368X101 2,209 59,347 SH   SOLE   59,347 0 0
Timberland Bancorp Inc/WA Equity 887098101 10,597 348,586 SH   SOLE   348,586 0 0
Valley National Bancorp Equity 919794107 3,798 304,811 SH   SOLE   304,811 0 0
Wellesley Bank Equity 949485106 1,261 42,328 SH   SOLE   42,328 0 0
Zions Bancorporation Equity 989701107 7,277 138,000 SH   SOLE   138,000 0 0
ZIONS BANCORPORATION Equity 989701115 1,117 55,000 SH   SOLE   55,000 0 0