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
1st Capital Bancorp Common 319427100 4,172 444,251 SH   SOLE   444,251 0 0
1st Colonial Bancorp Common 319716106 2,633 478,658 SH   SOLE   478,658 0 0
1st Constitution Bancorp Common 31986N102 7,616 639,978 SH   SOLE   639,978 0 0
Alerus Financial Corporation Common 01446U103 4,214 215,000 SH   SOLE   215,000 0 0
Allegiance Bancshares, Inc. Common 01748H107 4,660 199,399 SH   SOLE   199,399 0 0
AMB Financial Corp. Common 001984103 941 78,750 SH   SOLE   78,750 0 0
American Business Bank Common 02475L105 13,288 585,371 SH   SOLE   585,371 0 0
American River Bankshares Common 029326105 2,068 207,602 SH   SOLE   207,602 0 0
American Riviera Bank Common 02932A106 3,005 248,377 SH   SOLE   248,377 0 0
Avidbank Holdings, Inc. Common 05368J103 7,536 570,904 SH   SOLE   570,904 0 0
Bank of Botetourt Common 063907208 939 42,005 SH   SOLE   42,005 0 0
Bank of Commerce Holdings Common 06424J103 2,853 409,285 SH   SOLE   409,285 0 0
Bank of Fincastle Common 062113105 1,840 892,972 SH   SOLE   892,972 0 0
Bank of Princeton Common 064520109 5,121 281,821 SH   SOLE   281,821 0 0
Bank of the James Financial Group, Inc. Common 470299108 2,105 215,934 SH   SOLE   215,934 0 0
Bankwell Financial Group, Inc. Common 06654A103 3,752 265,193 SH   SOLE   265,193 0 0
Bay Banks of Virginia, Inc. Common 072035108 4,257 635,322 SH   SOLE   635,322 0 0
BCB Bancorp, Inc. Common 055298103 2,204 275,560 SH   SOLE   275,560 0 0
Beach Community Bancshares, Inc. Common 07332T100 3,375 900,000 SH   SOLE   900,000 0 0
Blue Ridge Bankshares, Inc. Common 095825105 3,049 225,000 SH   SOLE   225,000 0 0
Blueharbor bank Common 095613105 92 10,800 SH   SOLE   10,800 0 0
Boston Private Financial Holdings, Inc. Common 101119105 10,938 1,981,454 SH   SOLE   1,981,454 0 0
Bridge Bancorp Inc. Common 108035106 2,638 151,370 SH   SOLE   151,370 0 0
Bridgewater Bancshares, Inc. Common 108621103 2,255 237,652 SH   SOLE   237,652 0 0
Business First Bancshares, Inc. Common 12326C105 7,790 519,349 SH   SOLE   519,349 0 0
Byline Bancorp, Inc. Common 124411109 11,848 1,050,360 SH   SOLE   1,050,360 0 0
California BanCorp Common 13005U101 8,249 728,075 SH   SOLE   728,075 0 0
Cambridge Bancorp Common 132152109 5,805 109,196 SH   SOLE   109,196 0 0
Capital Bancorp, Inc. Common 139737100 655 69,222 SH   SOLE   69,222 0 0
Cashmere Valley Bank Common 14756K102 3,809 84,706 SH   SOLE   84,706 0 0
CBTX, Inc. Common 12481V104 428 26,200 SH   SOLE   26,200 0 0
CCB Financial Common 19046P209 1,225 100,000 SH   SOLE   100,000 0 0
Centric Financial Corporation Common 15641J101 5,190 691,956 SH   SOLE   691,956 0 0
Century Financial Corporation Common 15652L102 1,904 104,346 SH   SOLE   104,346 0 0
Chino Commercial Bancorp Common 16957L102 1,460 149,733 SH   SOLE   149,733 0 0
Citizens Bancorp Common 172950107 1,737 122,749 SH   SOLE   122,749 0 0
Citizens Community Bancorp, Inc. Common 174903104 7,045 1,022,468 SH   SOLE   1,022,468 0 0
CNB Corporation Common 12612R105 951 12,551 SH   SOLE   12,551 0 0
CNB Financial Corporation Common 126128107 2,377 159,822 SH   SOLE   159,822 0 0
Coastal Carolina Bancshares, Inc. Common 190435107 1,532 288,461 SH   SOLE   288,461 0 0
CoastalSouth Bancshares, Inc. Common 19058X207 2,247 204,249 SH   SOLE   204,249 0 0
Codorus Valley Bancorp, Inc. Common 192025104 8,583 655,167 SH   SOLE   655,167 0 0
Commencement Bancorp, Inc. Common 20051D107 3,539 354,233 SH   SOLE   354,233 0 0
Community Bancorp of Santa Maria Common 20344R103 1,540 179,048 SH   SOLE   179,048 0 0
Community Bank of the Bay Common 203485107 4,105 826,007 SH   SOLE   826,007 0 0
Community Financial Corporation Common 20368X101 3,726 174,532 SH   SOLE   174,532 0 0
Community First Bancorporation Common 203916101 248 41,744 SH   SOLE   41,744 0 0
Community Heritage Financial Inc. Common 20370L103 1,315 79,474 SH   SOLE   79,474 0 0
ConnectOne Bancorp, Inc. Common 20786W107 8,088 574,857 SH   SOLE   574,857 0 0
County Bancorp, Inc. Common 221907108 3,421 181,961 SH   SOLE   181,961 0 0
CrossFirst Bankshares, Inc. Common 22766M109 12,777 1,470,289 SH   SOLE   1,470,289 0 0
Crystal Valley Financial Common 22941P100 608 13,000 SH   SOLE   13,000 0 0
Dime Community Bancshares, Inc. Common 253922108 3,370 297,976 SH   SOLE   297,976 0 0
Eagle Bancorp, Inc. Common 268948106 4,958 185,087 SH   SOLE   185,087 0 0
Eagle Financial Services Inc. Common 26951R104 1,074 42,633 SH   SOLE   42,633 0 0
Empire Bancorp Inc. Common 291617108 521 49,188 SH   SOLE   49,188 0 0
Enterprise Bancorp, Inc. Common 293668109 6,620 314,955 SH   SOLE   314,955 0 0
Equity Bancshares, Inc. Common 29460X109 3,683 237,637 SH   SOLE   237,637 0 0
ES Bancshares, Inc. Common 296049109 1,428 361,445 SH   SOLE   361,445 0 0
Farmers & Merchants Bancorp Common 307795104 886 1,222 SH   SOLE   1,222 0 0
Fauquier Bancshares, Inc. Common 312059108 633 42,061 SH   SOLE   42,061 0 0
FB Financial Corp. Common 30257X104 3,371 134,178 SH   SOLE   134,178 0 0
Fentura Financial, Inc. Common 314645102 5,764 340,470 SH   SOLE   340,470 0 0
FineMark Holdings, Inc. Common 31788B108 4,076 205,330 SH   SOLE   205,330 0 0
First Bancshares, Inc. Common 318916103 8,236 392,768 SH   SOLE   392,768 0 0
First Bank Common 31931U102 7,690 1,240,264 SH   SOLE   1,240,264 0 0
First Business Financial Services Common 319390100 10,889 762,029 SH   SOLE   762,029 0 0
First Choice Bancorp Common 31948P104 8,651 650,905 SH   SOLE   650,905 0 0
First Citrus Bancorporation, Inc. Common 31959T102 500 27,695 SH   SOLE   27,695 0 0
First Community Corporation Common 319835104 434 31,813 SH   SOLE   31,813 0 0
First Farmers and Merchants Corporation Common 320148109 341 12,500 SH   SOLE   12,500 0 0
First Foundation Inc. Common 32026V104 14,341 1,097,260 SH   SOLE   1,097,260 0 0
First Home Bancorp, Inc. Common 32050L105 1,781 89,062 SH   SOLE   89,062 0 0
First Horizon National Corporation Common 320517105 1,542 163,505 SH   SOLE   163,505 0 0
First Internet Bancorp Common 320557101 4,990 338,747 SH   SOLE   338,747 0 0
First National Corporation Common 32106V107 189 13,385 SH   SOLE   13,385 0 0
First Northern Community Bancorp Common 335925103 7,084 863,872 SH   SOLE   863,872 0 0
First Reliance Bancshares, Inc. Common 33615Q100 2,624 433,766 SH   SOLE   433,766 0 0
First Southern Bank Common 33650R104 1,300 162,500 SH   SOLE   162,500 0 0
First Virginia Community Bank Common 36120Q101 1,217 121,687 SH   SOLE   121,687 0 0
First Western Financial, Inc. Common 33751L105 8,265 638,207 SH   SOLE   638,207 0 0
FNS Bancshares, Inc. Common 30253F107 1,677 23,950 SH   SOLE   23,950 0 0
Foresight Financial Group, Inc. Common 345526107 3,202 139,524 SH   SOLE   139,524 0 0
Franklin Financial Services Corp. Common 353525108 1,943 90,901 SH   SOLE   90,901 0 0
Grand River Commerce, Inc. Common 386441109 2,374 479,538 SH   SOLE   479,538 0 0
GrandSouth Bancorporation Common 386627301 1,086 78,200 SH   SOLE   78,200 0 0
HBT Financial, Inc. Common 404111106 8,882 791,614 SH   SOLE   791,614 0 0
Heritage Commerce Corp Common 426927109 4,909 737,144 SH   SOLE   737,144 0 0
Howard Bancorp, Inc. Common 442496105 162 18,037 SH   SOLE   18,037 0 0
Investar Holding Corporation Common 46134L105 9,712 757,594 SH   SOLE   757,594 0 0
Kentucky Bancshares, Inc. Common 491203105 1,939 120,424 SH   SOLE   120,424 0 0
Lakeland Bancorp, Inc. Common 511637100 11,059 1,111,486 SH   SOLE   1,111,486 0 0
Ledyard Financial Group, Inc. Common 523338101 466 28,249 SH   SOLE   28,249 0 0
Level One Bancorp, Inc. Common 52730D208 6,489 415,959 SH   SOLE   415,959 0 0
Lewis & Clark Bancorp Common 52757L109 1,179 59,388 SH   SOLE   59,388 0 0
Limestone Bancorp, Inc. Common 53262L105 3,670 348,846 SH   SOLE   348,846 0 0
MainStreet Bancshares, Inc. Common 56064Y100 8,431 688,832 SH   SOLE   688,832 0 0
Malvern Bancorp, Inc. Common 561409103 8,245 698,699 SH   SOLE   698,699 0 0
McHenry Bancorp, Inc. Common 580683100 1,275 15,000,000 SH   SOLE   15,000,000 0 0
Mercantile Bank Corporation Common 587376104 8,730 484,484 SH   SOLE   484,484 0 0
Merchants Bancorp Common 58844R108 5,300 268,915 SH   SOLE   268,915 0 0
Merchants Financial Group, Inc. Common 588538108 7,021 130,013 SH   SOLE   130,013 0 0
Meridian Bank Common 58958P104 8,763 543,284 SH   SOLE   543,284 0 0
Meridian Interstate Bancorp Common 58958U103 2,407 232,570 SH   SOLE   232,570 0 0
Metro Phoenix Bank Common 59165E106 2,087 212,767 SH   SOLE   212,767 0 0
Metropolitan Bank Holding Corp. Common 591774104 4,513 161,161 SH   SOLE   161,161 0 0
Mid Penn Bank Common 59540G107 1,302 75,222 SH   SOLE   75,222 0 0
Middlefield Banc Corp. Common 596304204 999 51,748 SH   SOLE   51,748 0 0
MidWestOne Financial Group, Inc. Common 598511103 654 36,600 SH   SOLE   36,600 0 0
Mission Valley Bancorp Common 60520E104 2,361 308,252 SH   SOLE   308,252 0 0
Mountain Commerce Bancorp Common 624004107 4,736 307,553 SH   SOLE   307,553 0 0
MVB Financial Corp. Common 553810102 1,152 72,145 SH   SOLE   72,145 0 0
Northway Financial, Inc. Common 667270201 3,900 179,294 SH   SOLE   179,294 0 0
NorthWest Indiana Bancorp Common 667516108 2,839 91,584 SH   SOLE   91,584 0 0
Oak Ridge Financial Services, Inc. Common 671768109 2,563 231,341 SH   SOLE   231,341 0 0
Oak Valley Bancorp Common 671807105 2,859 249,464 SH   SOLE   249,464 0 0
Old Second Bancorp, Inc. Common 680277100 10,724 1,429,900 SH   SOLE   1,429,900 0 0
Orange County Bancorp Common 68417L107 3,619 152,383 SH   SOLE   152,383 0 0
Oregon Pacific Bancorp Common 686040205 2,643 677,586 SH   SOLE   677,586 0 0
Origin Bancorp Inc. Common 68621T102 6,824 319,453 SH   SOLE   319,453 0 0
Pacific Financial Corporation Common 694275108 5,256 687,096 SH   SOLE   687,096 0 0
Pacific Mercantile Bancorp Common 694552100 4,001 1,075,521 SH   SOLE   1,075,521 0 0
Pacific West Bank Common 69506W202 1,857 185,715 SH   SOLE   185,715 0 0
Peapack-Gladstone Financial Corporation Common 704699107 13,671 902,391 SH   SOLE   902,391 0 0
Peoples Bancorp Common 70979X107 2,520 14,737 SH   SOLE   14,737 0 0
People's Bank of Commerce Common 710311101 93 8,848 SH   SOLE   8,848 0 0
Pilot Bancshares, Inc. Common 721530103 2,302 846,429 SH   SOLE   846,429 0 0
Pinnacle Bancshares, Inc. Common 722903101 1,055 36,367 SH   SOLE   36,367 0 0
Pinnacle Bank Common 72346K107 2,766 395,179 SH   SOLE   395,179 0 0
Pinnacle Bankshares Corporation Common 72345E102 1,675 87,030 SH   SOLE   87,030 0 0
Pioneer Bancshares, Inc Common 72357G102 1,586 97,000 SH   SOLE   97,000 0 0
Potomac Bancshares, Inc. Common 737643106 557 57,405 SH   SOLE   57,405 0 0
Prime Meridian Holding Company Common 74164R107 1,844 131,717 SH   SOLE   131,717 0 0
Private Bancorp of America, Inc. Common 74274F100 7,167 540,909 SH   SOLE   540,909 0 0
Professional Holding Corp. Common 743139107 2,012 150,000 SH   SOLE   150,000 0 0
Provident Financial Services, Inc. Common 74386T105 12,899 1,057,271 SH   SOLE   1,057,271 0 0
PSB Holdings, Inc. Common 69360N108 3,348 185,975 SH   SOLE   185,975 0 0
QNB Corp. Common 74726N107 3,688 134,364 SH   SOLE   134,364 0 0
Red River Bancshares, Inc. Common 75686R202 1,433 33,334 SH   SOLE   33,334 0 0
Reliant Bancorp, Inc. Common 75956B101 7,287 502,561 SH   SOLE   502,561 0 0
Republic First Bancorp, Inc. Common 760416107 4,248 2,145,576 SH   SOLE   2,145,576 0 0
River City Bank Common 76803X106 3,387 22,181 SH   SOLE   22,181 0 0
Riverview Bancorp, Inc. Common 769397100 607 146,288 SH   SOLE   146,288 0 0
Riverview Financial Corporation Common 76940Q105 3,825 565,848 SH   SOLE   565,848 0 0
Sandy Spring Bancorp Inc. Common 800363103 13,485 584,259 SH   SOLE   584,259 0 0
Santa Cruz County Bank Common 801827106 3,630 99,718 SH   SOLE   99,718 0 0
Seacoast Banking Corporation of Florida Common 811707801 2,687 149,042 SH   SOLE   149,042 0 0
Sevier County Bancshares, Inc. Common 81817P206 3,343 217,675 SH   SOLE   217,675 0 0
Shore Bancshares, Inc. Common 825107105 6,247 568,916 SH   SOLE   568,916 0 0
Sierra Bancorp Common 82620P102 2,901 172,783 SH   SOLE   172,783 0 0
Silvercrest Asset Management Group Inc. Common 828359109 5,417 517,858 SH   SOLE   517,858 0 0
SmartFinancial, Inc. Common 83190L208 7,494 551,430 SH   SOLE   551,430 0 0
South Atlantic Bancshares, Inc. Common 83636T104 3,550 423,608 SH   SOLE   423,608 0 0
South Plains Financial, Inc. Common 83946P107 2,605 209,919 SH   SOLE   209,919 0 0
South State Corporation Common 840441109 1,817 37,732 SH   SOLE   37,732 0 0
SouthCrest Financial Group, Inc. Common 84129X107 1,683 267,161 SH   SOLE   267,161 0 0
Southern BancShares (N.C.), Inc. Common 842243107 7,126 2,096 SH   SOLE   2,096 0 0
Southern California Bancorp Common 84252A106 6,891 820,301 SH   SOLE   820,301 0 0
Southern First Bancshares, Inc. Common 842873101 11,950 494,835 SH   SOLE   494,835 0 0
Southern National Bancorp of Virginia,Inc. Common 843395104 12,352 1,422,994 SH   SOLE   1,422,994 0 0
Southern States Bancshares, Inc. Common 843878109 3,134 232,143 SH   SOLE   232,143 0 0
SouthPoint Bancshares, Inc. Common 844647107 1,813 104,826 SH   SOLE   104,826 0 0
Spirit of Texas Bancshares, Inc. Common 84861D103 7,373 660,705 SH   SOLE   660,705 0 0
Sterling Bancorp, Inc. Common 85917W102 1,706 566,637 SH   SOLE   566,637 0 0
Summit Bank Common 86601L105 143 13,900 SH   SOLE   13,900 0 0
Summit State Bank Common 866264203 2,039 182,901 SH   SOLE   182,901 0 0
Suncrest Bank Common 86723G109 6,740 831,052 SH   SOLE   831,052 0 0
Surrey Bancorp Common 86888W105 702 63,785 SH   SOLE   63,785 0 0
Synovus Financial Corp. Common 87161C501 6,167 291,320 SH   SOLE   291,320 0 0
TGR Financial, Inc. Common 87243P108 3,745 451,195 SH   SOLE   451,195 0 0
Town and Country Financial Corporation Common 892039108 214 10,914 SH   SOLE   10,914 0 0
Tri City Bankshares Corporation Common 895364107 1,337 89,223 SH   SOLE   89,223 0 0
TriState Capital Holdings, Inc. Common 89678F100 8,882 670,843 SH   SOLE   670,843 0 0
Triumph Bancorp, Inc. Common 89679E300 10,177 326,818 SH   SOLE   326,818 0 0
Two Rivers Financial Group, Inc. Common 90206L106 1,956 79,828 SH   SOLE   79,828 0 0
United Bancorporation of Alabama, Inc. Common 90944R100 780 40,000 SH   SOLE   40,000 0 0
United Bankshares Common 909907107 2,534 118,018 SH   SOLE   118,018 0 0
United Community Banks, Inc. Common 90984P303 1,062 62,700 SH   SOLE   62,700 0 0
Unity Bancorp, Inc. Common 913290102 8,217 709,596 SH   SOLE   709,596 0 0
Univest Financial Corporation Common 915271100 1,235 85,952 SH   SOLE   85,952 0 0
Veritex Holdings, Inc. Common 923451108 7,143 419,412 SH   SOLE   419,412 0 0
Village Bank and Trust Financial Corp. Common 92705T200 685 22,838 SH   SOLE   22,838 0 0
Virginia National Bankshares Corp. Common 928031103 426 17,662 SH   SOLE   17,662 0 0
W.T.B. Financial Corporation Common 929334209 11,114 39,694 SH   SOLE   39,694 0 0
WesBanco, Inc. Common 950810101 682 31,934 SH   SOLE   31,934 0 0
West Suburban Bancorp, Inc. Common 956152409 2,041 6,020 SH   SOLE   6,020 0 0
Westbury Bancorp, Inc. Common 95727P106 3,555 178,631 SH   SOLE   178,631 0 0
White River Bancshares Company Common 96445A108 1,932 40,625 SH   SOLE   40,625 0 0
York Traditions Bank Common 987159100 3,287 240,599 SH   SOLE   240,599 0 0