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
American River Bankshares Equity 029326105 2,966 212,614 SH   SOLE   212,614 0 0
Bay Banks of Virginia Inc Equity 072035108 2,666 362,744 SH   SOLE   362,744 0 0
Bank First National Corp Equity 06211J100 1,709 36,683 SH   SOLE   36,683 0 0
Bankwell Financial Group Inc Equity 06654A103 3,813 132,795 SH   SOLE   132,795 0 0
Comerica Inc Equity 200340107 6,332 92,185 SH   SOLE   92,185 0 0
Central Valley Community Banco Equity 155685100 894 47,364 SH   SOLE   47,364 0 0
Community West Bancshares Equity 204157101 3,090 308,058 SH   SOLE   308,058 0 0
Citizens First Corp Equity 17462Q107 3,765 175,677 SH   SOLE   175,677 0 0
1st Constitution Bancorp Equity 31986N102 2,495 125,198 SH   SOLE   125,198 0 0
First Citizens BancShares Inc/ Equity 31946M103 2,313 6,135 SH   SOLE   6,135 0 0
First Mid-Illinois Bancshares Equity 320866106 4,210 131,900 SH   SOLE   131,900 0 0
Farmers & Merchants Bancshares Equity 308856103 2,716 89,193 SH   SOLE   89,193 0 0
First National Corp/VA Equity 32106V107 5,429 279,867 SH   SOLE   279,867 0 0
Highlands Bankshares Inc/VA Equity 430893107 2,344 450,764 SH   SOLE   450,764 0 0
Middlefield Banc Corp Equity 596304204 4,208 99,174 SH   SOLE   99,174 0 0
NI Holdings Inc Equity 65342T106 691 43,917 SH   SOLE   43,917 0 0
Oak Valley Bancorp Equity 671807105 5,173 282,665 SH   SOLE   282,665 0 0
Peapack Gladstone Financial Co Equity 704699107 3,828 152,009 SH   SOLE   152,009 0 0
Plumas Bancorp Equity 729273102 7,897 347,747 SH   SOLE   347,747 0 0
Regions Financial Corp Equity 7591EP100 6,133 458,383 SH   SOLE   458,383 0 0
Riverview Financial Corp Equity 76940Q105 2,622 240,587 SH   SOLE   240,587 0 0
Southern Missouri Bancorp Inc Equity 843380106 2,217 65,394 SH   SOLE   65,394 0 0
SmartFinancial Inc Equity 83190L208 463 25,350 SH   SOLE   25,350 0 0
Community Financial Corp/The Equity 20368X101 1,735 59,347 SH   SOLE   59,347 0 0
Timberland Bancorp Inc/WA Equity 887098101 6,309 282,919 SH   SOLE   282,919 0 0
Valley National Bancorp Equity 919794107 2,707 304,811 SH   SOLE   304,811 0 0
Wellesley Bank Equity 949485106 1,174 42,328 SH   SOLE   42,328 0 0
Zions Bancorp NA Equity 989701107 5,622 138,000 SH   SOLE   138,000 0 0
ZIONS BANCORP NA Warrant 989701115 517 55,000 SH   SOLE   55,000 0 0