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
Amerant Bancorp CL B common 023576200 3,051 185,488 SH   SOLE   185,488 0 0
Ameris Bancorp common 03076K108 2,493 47,480 SH   SOLE   47,480 0 0
Bank of NT Butterfield & Son common G0772R208 382 10,000 SH   SOLE   10,000 0 0
Berkshire Hill Bancorp common 084680107 9 401 SH   SOLE   401 0 0
Bank of Nova Scotia Apr 16 2021 60 put 064149957 8 350 PRN Put SOLE   350 0 0
Canadian Imp BK COMM Apr 16 2021 95 put 136069951 8 300 PRN Put SOLE   300 0 0
Cecil Bancorp, Inc. common 149841306 1,243 367,500 SH   SOLE   367,500 0 0
Citigroup common 172967424 247 3,400 SH   SOLE   3,400 0 0
Citigroup Jan 20 2023 37.50 call 172967904 1,775 500 PRN Call SOLE   500 0 0
Coastal Financial Corporation common 19046P209 490 18,700 SH   SOLE   18,700 0 0
Communities First Financial Corp common 20344D104 6,638 161,913 SH   SOLE   161,913 0 0
FB Financial Corp common 30257X104 5,256 118,225 SH   SOLE   118,225 0 0
Figure Acquisition Corp I Unit 302438205 1,253 123,792 SH   SOLE   123,792 0 0
First Bancorp NC common 318910106 4,800 110,353 SH   SOLE   110,353 0 0
First Bancshares Inc MS common 318916103 7,668 209,450 SH   SOLE   209,450 0 0
First Intst Bancsystem CL A common 32055Y201 3,155 68,531 SH   SOLE   68,531 0 0
Flushing Financial common 343873105 2,335 110,000 SH   SOLE   110,000 0 0
Gateway Bank FSB common 36758P102 1,140 3,000,000 SH   SOLE   3,000,000 0 0
Grandsouth Bancorporation common 386627301 2,668 131,118 SH   SOLE   131,118 0 0
Great Southn Bancorp common 390905107 61 1,080 SH   SOLE   1,080 0 0
Heritage Commerce Corp common 426927109 2,823 231,000 SH   SOLE   231,000 0 0
Intelligent Systems Corp New common 45816D100 1,270 31,052 SH   SOLE   31,052 0 0
iShares Trust 20 Plus Year Treas 04/16/21 145 call 464287902 105 10,000 PRN Call SOLE   10,000 0 0
iShares Trust IBOXX HI YD ETF Apr 01 2021 85 put 464288953 2 1,000 PRN Put SOLE   1,000 0 0
iShares Trust IBOXX HI YD ETF Jun 18 2021 90 call 464288903 4 1,000 PRN Call SOLE   1,000 0 0
iShares Trust IBOXX HI YD ETF Jun 18 2021 79 put 464288953 122 4,000 PRN Put SOLE   4,000 0 0
Lakeland Bancorp Inc common 511637100 1,519 87,162 SH   SOLE   87,162 0 0
McHenry Bancorp, Inc. common 580683100 1,782 17,262,875 SH   SOLE   17,262,875 0 0
Metro Phoenix Bank common 59165E106 1,540 116,667 SH   SOLE   116,667 0 0
MVB Financial common 553810102 830 24,548 SH   SOLE   24,548 0 0
NCINO Inc common 63947U107 2,669 40,000 SH   SOLE   40,000 0 0
NCINO Inc Apr 16 2021 55 put 63947U907 9 200 PRN Put SOLE   200 0 0
Old Natl Bancorp IND common 680033107 812 42,000 SH   SOLE   42,000 0 0
Oregon Pacific Bancorp common 686040205 1,630 258,334 SH   SOLE   258,334 0 0
Pacific Premier Bancorp common 69478X105 3,907 89,945 SH   SOLE   89,945 0 0
Pacific West Bank common 69506W202 2,236 162,590 SH   SOLE   162,590 0 0
Pacwest Bancorp DEL common 695263103 3,701 97,000 SH   SOLE   97,000 0 0
PAYA Holdings Inc CL A common 70434P103 154 14,014 SH   SOLE   14,014 0 0
PAYA Holdings Inc CL A Aug 20 2021 10 call 70434P903 123 623 PRN Call SOLE   623 0 0
Paypal Holdings Inc common 70450Y103 1,360 5,600 SH   SOLE   5,600 0 0
Paysafe Limited Ord common G6964L107 1,694 125,500 SH   SOLE   125,500 0 0
Paysign Inc. common 70451A104 509 116,410 SH   SOLE   116,410 0 0
Paysign Inc. Jan 21 2022 5 call 70451A904 149 1,756 PRN Call SOLE   1,756 0 0
Popular Inc. July 16 2021 55 call 733174900 35 22 PRN Call SOLE   22 0 0
Reliant Bancorp common 75956B101 3,480 121,171 SH   SOLE   121,171 0 0
Royal BK CDA Montreal Apr 16 2021 80 put 780087952 2 300 PRN Put SOLE   300 0 0
Riverview Bancorp Inc common 769397100 10 1,500 SH   SOLE   1,500 0 0
Financial Select Sector SPDR ETF Jan 21 2022 30 call 81369Y905 818 1,500 PRN Call SOLE   1,500 0 0
Financial Select Sector SPDR ETF Jan 21 2022 35 call 81369Y905 972 4,500 PRN Call SOLE   4,500 0 0
Financial Select Sector SPDR ETF Jan 21 2022 40 call 81369Y905 163 2,500 PRN Call SOLE   2,500 0 0
Financial Select Sector SPDR ETF Apr 01 2021 32 put 81369Y955 9 17,000 PRN Put SOLE   17,000 0 0
Financial Select Sector SPDR ETF Apr 09 2021 31 put 81369Y955 30 20,000 PRN Put SOLE   20,000 0 0
Financial Select Sector SPDR ETF Apr 09 2021 32 put 81369Y955 138 25,000 PRN Put SOLE   25,000 0 0
Financial Select Sector SPDR ETF Apr 16 2021 31 put 81369Y955 70 10,000 PRN Put SOLE   10,000 0 0
Financial Select Sector SPDR ETF Apr 16 2021 31.50 put 81369Y955 125 12,500 PRN Put SOLE   12,500 0 0
Financial Select Sector SPDR ETF Apr 16 2021 32.50 put 81369Y955 390 20,000 PRN Put SOLE   20,000 0 0
Financial Select Sector SPDR ETF Jun 18 2021 37 call 81369Y905 193 5,000 PRN Call SOLE   5,000 0 0
Financial Select Sector SPDR ETF Sept 17 2021 25 put 81369Y955 115 5,000 PRN Put SOLE   5,000 0 0
South State Corp common 840441109 1,390 17,700 SH   SOLE   17,700 0 0
Southcrest Financial Group common 84129X107 1,555 148,140 SH   SOLE   148,140 0 0
SPDR S&P Regional Banking ETF Apr 01 2021 62 put 78464A958 15 5,000 PRN Put SOLE   5,000 0 0
Square Inc Apr 16 2021 260 call 852234903 14 100 PRN Call SOLE   100 0 0
Texas Cap Bancshares Inc Apr 16 2021 80 call 88224Q907 7 100 PRN Call SOLE   100 0 0
Toronto Dominion BK ONT Apr 16 2021 62.50 put 891160959 14 500 PRN Put SOLE   500 0 0
United Bancorporation Ala CL A common 90944R100 4,570 157,586 SH   SOLE   157,586 0 0
United Bankshares Inc West VA common 909907107 1,312 34,000 SH   SOLE   34,000 0 0
United Community Banks Inc common 90984P303 3,105 91,000 SH   SOLE   91,000 0 0
US Metro Bank common 90343B102 3,055 940,073 SH   SOLE   940,073 0 0
Veritex Holdings Inc common 923451108 1,818 55,550 SH   SOLE   55,550 0 0
Voyager Digital Ltd common 92919V108 2,548 98,000 SH   SOLE   98,000 0 0
Well Fargo & Co New Jun 18 2021 35 call 949746901 758 1,500 PRN Call SOLE   1,500 0 0
Western Alliance Bancorp common 957638109 2,656 28,121 SH   SOLE   28,121 0 0
ZIONS Bancorporation N A Jan 21 2022 35 call 989701907 308 150 PRN Call SOLE   150 0 0