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
BERKSHIRE HILLS BANCORP INC COM 084680107 4,787 279,600 SH   SOLE   279,600 0 0
BLUE RIDGE BANKSHARES INC COM 095825105 2,674 150,142 SH   SOLE   150,142 0 0
CAPITAL BANCORP INC/MD COM 139737100 2,751 197,497 SH   SOLE   197,497 0 0
CAPSTAR FINANCIAL HOLDINGS INC COM 14070T102 155 10,510 SH   SOLE   10,510 0 0
CARTER BANKSHARES INC COM 146103106 119 11,100 SH   SOLE   11,100 0 0
CITIZENS COMMUNITY BANCORP I COM 174903104 11,232 1,031,450 SH   SOLE   1,031,450 0 0
CODORUS VALLEY BANCORP INC COM 192025104 13,276 782,800 SH   SOLE   782,800 0 0
COLONY BANKCORP COM 19623P101 5,019 342,605 SH   SOLE   342,605 0 0
COMMUNITY BANKERS TRUST CORP COM 203612106 8,623 1,277,471 SH   SOLE   1,277,471 0 0
COMMUNITY FINANCIAL CORPORATION COM 20368X101 15,564 587,767 SH   SOLE   587,767 0 0
FAUQUIER BANKSHARES INC COM 312059108 1,168 67,179 SH   SOLE   67,179 0 0
FIRST BANK/WILLIAMSTOWN NJ COM 31931U102 110 11,703 SH   SOLE   11,703 0 0
FIRST FINANCIAL NORTHWEST COM 32022K102 2,408 211,270 SH   SOLE   211,270 0 0
FIRST HORIZON CORP COM 320517105 459 36,000 SH   SOLE   36,000 0 0
FIRST INTERNET BANCORP COM 320557101 3,857 134,207 SH   SOLE   134,207 0 0
FIRST NATIONAL CORP/VA COM 32106V107 8,079 478,061 SH   SOLE   478,061 0 0
FIRST SAVINGS FINANCIAL GRP COM 33621E109 1,921 29,553 SH   SOLE   29,553 0 0
FS BANCORP INC COM 30263Y104 2,302 42,000 SH   SOLE   42,000 0 0
HMN FINANCIAL INC COM 40424G108 8,213 477,523 SH   SOLE   477,523 0 0
HOWARD BANCORP INC COM 442496105 5,624 476,213 SH   SOLE   476,213 0 0
INVESTAR HOLDING CORP COM 46134L105 724 43,746 SH   SOLE   43,746 0 0
MALVERN BANCORP INC COM 561409103 2,448 157,965 SH   SOLE   157,965 0 0
OLD POINT FINANCIAL CORP COM 680194107 1,926 101,558 SH   SOLE   101,558 0 0
ORRSTOWN FINL SERVICES INC COM 687380105 1,056 63,789 SH   SOLE   63,789 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 12,133 2,360,503 SH   SOLE   2,360,503 0 0
PACWEST BANCORP COM 695263103 762 30,000 SH   SOLE   30,000 0 0
PLUMAS BANCORP COM 729273102 5,354 227,830 SH   SOLE   227,830 0 0
PREMIER FINANCIAL CORP COM 74052F108 477 20,753 SH   SOLE   20,753 0 0
SANDY SPRING BANCORP INC COM 800363103 564 17,516 SH   SOLE   17,516 0 0
SELECT BANCORP INC COM 81617L108 4,211 444,691 SH   SOLE   444,691 0 0
SEVERN BANCORP INC/MD COM 81811M100 7,840 1,098,092 SH   SOLE   1,098,092 0 0
SHORE BANCSHARES INC COM 825107105 17,455 1,195,542 SH   SOLE   1,195,542 0 0
SIERRA BANCORP COM 82620P102 358 14,987 SH   SOLE   14,987 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 1,188 33,620 SH   SOLE   33,620 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 695 57,406 SH   SOLE   57,406 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 2,260 102,375 SH   SOLE   102,375 0 0
TIMBERLAND BANCORP INC COM 887098101 701 28,877 SH   SOLE   28,877 0 0