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
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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 2,516 205,236 SH   SOLE   205,236 0 0
Avidbank Holdings Inc Equity 05368J103 2,120 90,006 SH   SOLE   90,006 0 0
Bay Banks of Virginia Inc Equity 072035108 2,956 362,744 SH   SOLE   362,744 0 0
Baker Boyer Bancorp Equity 057124109 509 7,318 SH   SOLE   7,318 0 0
Bank of Southern California NA Equity 065104101 3,556 275,000 SH   SOLE   275,000 0 0
Bank First Corp Equity 06211J100 0 0 SH   SOLE   0 0 0
Bank of Fincastle/The Equity 062113105 1,182 486,486 SH   SOLE   486,486 0 0
Benchmark Bankshares Inc Equity 08160E207 0 0 SH   SOLE   0 0 0
Blue Ridge Bankshares Inc Equity 095825105 4,614 241,120 SH   SOLE   241,120 0 0
Ballston Spa Bancorp Inc Equity 058701103 360 6,864 SH   SOLE   6,864 0 0
Bank of Southside Virginia Cor Equity 065121105 13 40 SH   SOLE   40 0 0
Beach Community Bank Equity 07332N103 2,996 600,000 SH   SOLE   600,000 0 0
Bankwell Financial Group Inc Equity 06654A103 3,811 132,795 SH   SOLE   132,795 0 0
Boyle Bancorp Inc Equity 103442109 1,262 16,150 SH   SOLE   16,150 0 0
California Bancorp Inc Equity 13005U101 1,897 96,075 SH   SOLE   96,075 0 0
CalWest Bancorp Equity 13169Q102 1,001 2,552,500 SH   SOLE   2,552,500 0 0
Carolina Trust Bancshares Inc Equity 14422P105 109 13,875 SH   SOLE   13,875 0 0
Citba Financial Corp Equity 173024100 4,903 86,940 SH   SOLE   86,940 0 0
CBB Bancorp Inc Equity 12481T109 1,132 99,228 SH   SOLE   99,228 0 0
Comunibanc Corp Equity 205846108 1,474 48,238 SH   SOLE   48,238 0 0
Community Bank of the Bay Equity 203485107 3,919 559,000 SH   SOLE   559,000 0 0
Citizens Commerce Bancshares I Equity 17452P200 1,169 193,182 SH   SOLE   193,182 0 0
Coeur d'Alene Bancorp Inc Equity 192080109 198 22,000 SH   SOLE   22,000 0 0
Cecil Bancorp Inc Equity 149841306 551 367,501 SH   SOLE   367,501 0 0
Croghan Bancshares Inc Equity 227072105 316 6,005 SH   SOLE   6,005 0 0
CIB Marine Bancshares Inc Equity 12542L103 1,655 1,199,545 SH   SOLE   1,199,545 0 0
Comerica Inc Equity 200340107 6,736 92,735 SH   SOLE   92,735 0 0
CNB Community Bancorp Inc Equity 12618F105 235 6,400 SH   SOLE   6,400 0 0
CNB Bank Shares Inc Equity 18978K105 216 11,512 SH   SOLE   11,512 0 0
Canandaigua National Corp Equity 137143103 989 5,407 SH   SOLE   5,407 0 0
Chesapeake Financial Shares In Equity 16517A109 1,006 38,441 SH   SOLE   38,441 0 0
Cornerstone Community Bancorp Equity 21925R108 1,553 89,990 SH   SOLE   89,990 0 0
Cashmere Valley Bank Equity 14756K102 3,738 64,447 SH   SOLE   64,447 0 0
Central Valley Community Banco Equity 155685100 1,017 47,364 SH   SOLE   47,364 0 0
Community West Bancshares Equity 204157101 2,254 233,611 SH   SOLE   233,611 0 0
Crystal Valley Financial Corp Equity 22941P100 3,550 68,868 SH   SOLE   68,868 0 0
Citizens Bancorp/OR Equity 172950107 703 36,980 SH   SOLE   36,980 0 0
Citizens First Corp Equity 17462Q107 0 0 SH   SOLE   0 0 0
Delmar Bancorp Equity 247035207 1,324 177,060 SH   SOLE   177,060 0 0
Dacotah Banks Inc Equity 233422104 1,307 38,427 SH   SOLE   38,427 0 0
Delmarva Bancshares Inc Equity 247100100 2,974 366,662 SH   SOLE   366,662 0 0
Denver Bankshares Inc Equity 249082108 547 1,983 SH   SOLE   1,983 0 0
Embassy Bancorp Inc Equity 290791102 2,146 130,486 SH   SOLE   130,486 0 0
Exchange Bank/Santa Rosa CA Equity 301227203 13,828 84,306 SH   SOLE   84,306 0 0
First Bankers Trustshares Inc Equity 31929F109 4,570 146,250 SH   SOLE   146,250 0 0
Farmers Bankshares Inc Equity 309479103 1,490 85,070 SH   SOLE   85,070 0 0
1st Constitution Bancorp Equity 31986N102 2,398 129,849 SH   SOLE   129,849 0 0
First Citizens BancShares Inc/ Equity 31946M103 816 1,812 SH   SOLE   1,812 0 0
First Citizens BancShares Inc/ Equity 31946M202 10,763 27,955 SH   SOLE   27,955 0 0
1st Colonial Bancorp Inc Equity 319716106 1,068 103,731 SH   SOLE   103,731 0 0
Fentura Financial Inc Equity 314645102 2,735 136,364 SH   SOLE   136,364 0 0
FFD Financial Corp Equity 30243C107 1,045 19,825 SH   SOLE   19,825 0 0
Foresight Financial Group Inc Equity 345526107 4,822 139,757 SH   SOLE   139,757 0 0
First National of Nebraska Inc Equity 335720108 11,505 1,211 SH   SOLE   1,211 0 0
1st Capital Bank Equity 31944C107 209 12,508 SH   SOLE   12,508 0 0
First Mid Bancshares Inc Equity 320866106 4,606 131,900 SH   SOLE   131,900 0 0
Farmers & Merchants Bank of Lo Equity 308243104 6,441 776 SH   SOLE   776 0 0
Farmers & Merchants Bancshares Equity 308856103 2,608 85,793 SH   SOLE   85,793 0 0
First Northern Community Banco Equity 335925103 2,095 186,919 SH   SOLE   186,919 0 0
First Ottawa Bancshares Inc Equity 335876108 7 100 SH   SOLE   100 0 0
First Citizens National Bank/U Equity 319567103 0 0 SH   SOLE   0 0 0
First Reliance Bancshares Inc Equity 33615Q100 2,691 381,677 SH   SOLE   381,677 0 0
First National Corp/VA Equity 32106V107 5,745 282,307 SH   SOLE   282,307 0 0
Grand River Commerce Inc Equity 386441109 1,457 212,727 SH   SOLE   212,727 0 0
Heritage Bancorporation Inc Equity 42720R101 2,776 163,200 SH   SOLE   163,200 0 0
Highlands Bankshares Inc/WV Equity 43088W104 1,149 28,364 SH   SOLE   28,364 0 0
HFB Financial Corp Equity 40417C106 0 0 SH   SOLE   0 0 0
Heartland BancCorp Equity 421962101 3,606 45,551 SH   SOLE   45,551 0 0
Highlands Bankshares Inc/VA Equity 430893107 3,155 450,764 SH   SOLE   450,764 0 0
Heritage Commerce Corp Equity 426927109 613 50,000 SH   SOLE   50,000 0 0
Iowa First Bancshares Corp Equity 46246F202 3,151 78,180 SH   SOLE   78,180 0 0
Lakeland Bancorp Inc Equity 511637100 578 35,764 SH   SOLE   35,764 0 0
Ledyard Financial Group Inc Equity 523338101 1,916 97,278 SH   SOLE   97,278 0 0
Lighthouse Bank Equity 53223T106 634 25,347 SH   SOLE   25,347 0 0
Middlefield Banc Corp Equity 596304204 4,230 103,174 SH   SOLE   103,174 0 0
Mountain Commerce Bancorp Inc Equity 624004107 444 23,497 SH   SOLE   23,497 0 0
Middlebury National Corp Equity 596237107 602 16,280 SH   SOLE   16,280 0 0
Merchants Financial Group Inc Equity 588538108 6,372 87,895 SH   SOLE   87,895 0 0
Marquette National Corp Equity 571599109 3,070 95,725 SH   SOLE   95,725 0 0
MNB Corp Equity 553104100 1,386 42,087 SH   SOLE   42,087 0 0
Mission Bancorp/Bakersfield CA Equity 605015106 8,105 95,857 SH   SOLE   95,857 0 0
North Dallas Bank & Trust Co Equity 659012108 1,997 24,580 SH   SOLE   24,580 0 0
Northway Financial Inc Equity 667270201 2,446 81,810 SH   SOLE   81,810 0 0
Oregon Pacific Bancorp Equity 686040205 3,896 676,412 SH   SOLE   676,412 0 0
Oak Valley Bancorp Equity 671807105 5,526 282,665 SH   SOLE   282,665 0 0
Oxford Bank Corp/MI Equity 69140P100 2,257 118,788 SH   SOLE   118,788 0 0
Pinnacle Bank/Gilroy CA Equity 72346K107 1,429 120,066 SH   SOLE   120,066 0 0
Presidio Bank Equity 74101A100 982 33,525 SH   SOLE   33,525 0 0
Peapack Gladstone Financial Co Equity 704699107 4,308 153,209 SH   SOLE   153,209 0 0
Plumas Bancorp Equity 729273102 8,450 347,747 SH   SOLE   347,747 0 0
Prime Meridian Holding Co Equity 74164R107 1,838 90,700 SH   SOLE   90,700 0 0
PSB Holding Corp Equity 69362L100 1,580 59,855 SH   SOLE   59,855 0 0
Redwood Financial Inc Equity 757903109 1,144 12,007 SH   SOLE   12,007 0 0
Revere Bank Equity 761402106 0 0 SH   SOLE   0 0 0
Regions Financial Corp Equity 7591EP100 6,923 463,383 SH   SOLE   463,383 0 0
Riverview Financial Corp Equity 76940Q105 2,117 201,587 SH   SOLE   201,587 0 0
Red River Bancshares Inc Equity 75686R202 38 780 SH   SOLE   780 0 0
Redwood Capital Bancorp Equity 75777X100 2,914 174,478 SH   SOLE   174,478 0 0
South Atlantic Bancshares Inc Equity 83636T104 3,536 284,507 SH   SOLE   284,507 0 0
State Bank Corp Equity 856121108 1,350 112,494 SH   SOLE   112,494 0 0
Southern BancShares NC Inc Equity 842243107 9,485 2,543 SH   SOLE   2,543 0 0
SouthCrest Financial Group Inc Equity 84129X107 3,250 333,317 SH   SOLE   333,317 0 0
Security Bancorp Inc/TN Equity 81377P109 888 15,914 SH   SOLE   15,914 0 0
Santa Cruz County Bank Equity 801827106 3,566 74,302 SH   SOLE   74,302 0 0
Southeastern Banking Corp Equity 84158P108 1,521 79,016 SH   SOLE   79,016 0 0
Security Federal Corp Equity 813903101 1,754 54,548 SH   SOLE   54,548 0 0
Star Financial Group Inc Equity 855121109 1,462 23,016 SH   SOLE   23,016 0 0
Shore Community Bank Equity 825112105 484 30,619 SH   SOLE   30,619 0 0
Summit Bancshares Inc/CA Equity 866010101 2,571 47,458 SH   SOLE   47,458 0 0
Southern Missouri Bancorp Inc Equity 843380106 2,278 65,394 SH   SOLE   65,394 0 0
SmartFinancial Inc Equity 83190L208 0 0 SH   SOLE   0 0 0
Security National Corp/IA Equity 814784104 3,596 29,966 SH   SOLE   29,966 0 0
Synovus Financial Corp Equity 87161C501 4,550 130,000 SH   SOLE   130,000 0 0
Solvay Bank Equity 83441Q105 2,617 67,539 SH   SOLE   67,539 0 0
Surrey Bancorp Equity 86888W105 1,442 98,456 SH   SOLE   98,456 0 0
State Bond Common Stock Fund 856572102 149 2,192 SH   SOLE   2,192 0 0
Spirit of Texas Bancshares Inc Equity 84861D103 423 18,800 SH   SOLE   18,800 0 0
Community Financial Corp/The Equity 20368X101 2,002 59,347 SH   SOLE   59,347 0 0
Tri City Bankshares Corp Equity 895364107 704 33,622 SH   SOLE   33,622 0 0
Timberland Bancorp Inc/WA Equity 887098101 8,454 282,919 SH   SOLE   282,919 0 0
Town & Country Financial Corp Equity 892039108 1,412 70,586 SH   SOLE   70,586 0 0
Tri-County Financial Group Inc Equity 89546P108 2,228 53,281 SH   SOLE   53,281 0 0
United Bancorporation of Alaba Equity 90944R100 2,176 108,471 SH   SOLE   108,471 0 0
United Tennessee Bankshares In Equity 91307P202 972 44,463 SH   SOLE   44,463 0 0
Valley National Bancorp Equity 919794107 3,286 304,811 SH   SOLE   304,811 0 0
Wayne Savings Bancshares Inc Equity 94624Q101 162 7,772 SH   SOLE   7,772 0 0
Woodlands Financial Services C Equity 979685104 1,864 63,074 SH   SOLE   63,074 0 0
Wellesley Bank Equity 949485106 1,380 42,328 SH   SOLE   42,328 0 0
1867 Western Financial Corp Equity 282518109 504 63 SH   SOLE   63 0 0
West Suburban Bancorp Inc Equity 956152409 4,618 7,697 SH   SOLE   7,697 0 0
WTB Financial Corp Equity 929334209 6,413 17,641 SH   SOLE   17,641 0 0
York Traditions Bank Equity 987159100 3,982 209,048 SH   SOLE   209,048 0 0
Zions Bancorp NA Equity 989701107 6,345 138,000 SH   SOLE   138,000 0 0
ZIONS BANCORP NA Warrant 989701115 730 55,000 SH   SOLE   55,000 0 0