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 6,573 469,503 SH   SOLE   469,503 0 0
1st Colonial Bancorp Common 319716106 4,261 463,158 SH   SOLE   463,158 0 0
1st Constitution Bancorp Common 31986N102 13,244 640,092 SH   SOLE   640,092 0 0
AMB Financial Corp. Common 001984103 1,457 78,750 SH   SOLE   78,750 0 0
Alerus Financial Corporation Common 01446U103 6,034 208,000 SH   SOLE   208,000 0 0
Allegiance Bancshares, Inc. Common 01748H107 7,399 192,475 SH   SOLE   192,475 0 0
American Business Bank Common 02475L105 27,711 656,660 SH   SOLE   656,660 0 0
American River Bankshares Common 029326105 3,914 217,688 SH   SOLE   217,688 0 0
American Riviera Bank Common 02932A106 5,236 272,500 SH   SOLE   272,500 0 0
Avidbank Holdings, Inc. Common 05368J103 11,402 481,904 SH   SOLE   481,904 0 0
BCB Bancorp, Inc. Common 055298103 4,837 359,649 SH   SOLE   359,649 0 0
BancorpSouth, Inc. Common 05971J102 478 16,878 SH   SOLE   16,878 0 0
Bank of Botetourt Common 063907208 1,407 42,005 SH   SOLE   42,005 0 0
Bank of Commerce Holdings Common 06424J103 5,540 368,816 SH   SOLE   368,816 0 0
Bank of Fincastle Common 062113105 2,902 892,972 SH   SOLE   892,972 0 0
Bank of Princeton Common 064520109 3,819 133,211 SH   SOLE   133,211 0 0
Bank of the James Financial Group, Inc. Common 470299108 3,733 233,341 SH   SOLE   233,341 0 0
Bankwell Financial Group, Inc. Common 06654A103 7,204 260,623 SH   SOLE   260,623 0 0
Bay Community Bancorp Common 072205107 6,377 834,706 SH   SOLE   834,706 0 0
BayFirst Financial Corp. Common 32050L105 3,157 133,593 SH   SOLE   133,593 0 0
Beach Bancorp, Inc. Common 07332T100 3,375 900,000 SH   SOLE   900,000 0 0
Blue Ridge Bankshares, Inc. Common 095825105 18,765 1,071,081 SH   SOLE   1,071,081 0 0
Blueharbor Bank Common 095613105 660 49,774 SH   SOLE   49,774 0 0
Boston Private Financial Holdings, Inc. Common 101119105 16,503 1,118,854 SH   SOLE   1,118,854 0 0
Bridgewater Bancshares, Inc. Common 108621103 3,354 207,652 SH   SOLE   207,652 0 0
Business First Bancshares, Inc. Common 12326C105 7,432 323,850 SH   SOLE   323,850 0 0
Byline Bancorp, Inc. Common 124411109 21,818 964,108 SH   SOLE   964,108 0 0
CBTX, Inc. Common 12481V104 893 32,700 SH   SOLE   32,700 0 0
CCB Financial Common 19046P209 1,704 59,672 SH   SOLE   59,672 0 0
CNB Corporation Common 12612R105 1,177 14,348 SH   SOLE   14,348 0 0
CNB Financial Corporation Common 126128107 5,458 239,160 SH   SOLE   239,160 0 0
California BanCorp Common 13005U101 14,366 768,259 SH   SOLE   768,259 0 0
Cambridge Bancorp Common 132152109 7,892 95,096 SH   SOLE   95,096 0 0
CapStar Financial Holdings, Inc. Common 14070T102 292 14,268 SH   SOLE   14,268 0 0
Capital Bancorp, Inc. Common 139737100 1,416 69,222 SH   SOLE   69,222 0 0
Cashmere Valley Bank Common 14756K102 6,901 94,267 SH   SOLE   94,267 0 0
Centric Financial Corporation Common 15641J101 7,908 811,073 SH   SOLE   811,073 0 0
Century Financial Corporation Common 15652L102 2,609 104,346 SH   SOLE   104,346 0 0
Chino Commercial Bancorp Common 16957L102 2,605 179,680 SH   SOLE   179,680 0 0
Citizens Bancorp Common 172950107 1,959 111,634 SH   SOLE   111,634 0 0
Citizens Community Bancorp, Inc. Common 174903104 14,327 1,047,303 SH   SOLE   1,047,303 0 0
Coastal Carolina Bancshares, Inc. Common 190435107 2,635 297,742 SH   SOLE   297,742 0 0
CoastalSouth Bancshares, Inc. Common 19058X207 3,472 204,249 SH   SOLE   204,249 0 0
Codorus Valley Bancorp, Inc. Common 192025104 9,492 473,659 SH   SOLE   473,659 0 0
Commencement Bancorp, Inc. Common 20051D107 4,456 322,933 SH   SOLE   322,933 0 0
Community Bancorp of Santa Maria Common 20344R103 1,416 122,048 SH   SOLE   122,048 0 0
Community Financial Corporation Common 20368X101 3,289 95,332 SH   SOLE   95,332 0 0
Community First Bancorporation Common 203916101 842 113,744 SH   SOLE   113,744 0 0
Community Heritage Financial Inc. Common 20370L103 2,068 90,874 SH   SOLE   90,874 0 0
ConnectOne Bancorp, Inc. Common 20786W107 15,131 578,197 SH   SOLE   578,197 0 0
County Bancorp, Inc. Common 221907108 5,345 157,399 SH   SOLE   157,399 0 0
CrossFirst Bankshares, Inc. Common 22766M109 20,904 1,520,289 SH   SOLE   1,520,289 0 0
Crystal Valley Financial Common 22941P100 1,267 20,600 SH   SOLE   20,600 0 0
Dime Community Bancshares, Inc Common 25432X102 8,763 260,662 SH   SOLE   260,662 0 0
ECN Capital Corporation Common 26829L107 400 53,300 SH   SOLE   53,300 0 0
ES Bancshares, Inc. Common 296049109 1,789 361,445 SH   SOLE   361,445 0 0
Eagle Bancorp, Inc. Common 268948106 6,326 112,810 SH   SOLE   112,810 0 0
Eagle Financial Services Inc. Common 26951R104 1,590 46,620 SH   SOLE   46,620 0 0
Enova International, Inc. Common 29357K103 5,016 146,614 SH   SOLE   146,614 0 0
Enterprise Bancorp, Inc. Common 293668109 13,024 397,672 SH   SOLE   397,672 0 0
Equity Bancshares, Inc. Common 29460X109 6,645 217,926 SH   SOLE   217,926 0 0
FB Financial Corp. Common 30257X104 6,108 163,678 SH   SOLE   163,678 0 0
Farmers & Merchants Bancorp Common 307795104 1,968 2,283 SH   SOLE   2,283 0 0
Fentura Financial, Inc. Common 314645102 8,304 319,400 SH   SOLE   319,400 0 0
FineMark Holdings, Inc. Common 31788B108 28,529 864,516 SH   SOLE   864,516 0 0
Finward Bancorp Common 31812F109 3,213 71,791 SH   SOLE   71,791 0 0
First Bancshares, Inc. Common 318916103 11,049 295,201 SH   SOLE   295,201 0 0
First Bank Common 31931U102 17,864 1,319,334 SH   SOLE   1,319,334 0 0
First Business Financial Services Common 319390100 18,176 671,447 SH   SOLE   671,447 0 0
First Capital Bancshares, Inc. Common 31941G101 1,805 240,600 SH   SOLE   240,600 0 0
First Choice Bancorp Common 31948P104 14,629 480,423 SH   SOLE   480,423 0 0
First Citrus Bancorporation, Inc. Common 31959T102 897 28,945 SH   SOLE   28,945 0 0
First Community Corporation Common 319835104 6,894 341,264 SH   SOLE   341,264 0 0
First Farmers and Merchants Corporation Common 320148109 421 12,500 SH   SOLE   12,500 0 0
First Foundation Inc. Common 32026V104 24,598 1,092,748 SH   SOLE   1,092,748 0 0
First Internet Bancorp Common 320557101 10,822 349,319 SH   SOLE   349,319 0 0
First National Corporation Common 32106V107 3,281 163,385 SH   SOLE   163,385 0 0
First Northern Community Bancorp Common 335925103 10,761 956,489 SH   SOLE   956,489 0 0
First Reliance Bancshares, Inc. Common 33615Q100 8,179 826,166 SH   SOLE   826,166 0 0
First Southern Bank Common 33650R104 1,766 196,250 SH   SOLE   196,250 0 0
First Virginia Community Bank Common 36120Q101 3,186 184,606 SH   SOLE   184,606 0 0
First Western Financial, Inc. Common 33751L105 17,582 679,117 SH   SOLE   679,117 0 0
Five Star Bancorp Common 33830T103 4,226 175,000 SH   SOLE   175,000 0 0
Flushing Financial Corporation Common 343873105 53 2,459 SH   SOLE   2,459 0 0
Foresight Financial Group, Inc. Common 345526107 5,920 187,934 SH   SOLE   187,934 0 0
Franklin Financial Services Corp. Common 353525108 3,115 97,519 SH   SOLE   97,519 0 0
Galaxy Digital Common G37092106 2,478 131,386 SH   SOLE   131,386 0 0
Grand River Commerce, Inc. Common 386441109 3,696 509,738 SH   SOLE   509,738 0 0
GrandSouth Bancorporation Common 386627301 2,947 117,885 SH   SOLE   117,885 0 0
HBT Financial, Inc. Common 404111106 21,460 1,232,637 SH   SOLE   1,232,637 0 0
Heritage Commerce Corp Common 426927109 15,970 1,434,882 SH   SOLE   1,434,882 0 0
Heritage Southeast Bancorporation, Inc. Common 42727V105 36 1,401 SH   SOLE   1,401 0 0
Howard Bancorp, Inc. Common 442496105 291 18,037 SH   SOLE   18,037 0 0
Investar Holding Corporation Common 46134L105 15,946 696,642 SH   SOLE   696,642 0 0
Lakeland Bancorp, Inc. Common 511637100 14,090 806,050 SH   SOLE   806,050 0 0
Ledyard Financial Group, Inc. Common 523338101 634 23,249 SH   SOLE   23,249 0 0
LendingClub Corp. Common 52603a208 2,303 127,053 SH   SOLE   127,053 0 0
Level One Bancorp, Inc. Common 52730D208 17,401 637,412 SH   SOLE   637,412 0 0
Lewis & Clark Bancorp Common 52757L109 3,073 90,388 SH   SOLE   90,388 0 0
Limestone Bancorp, Inc. Common 53262L105 7,407 445,154 SH   SOLE   445,154 0 0
Live Oak Bancshares Common 53803X105 519 8,800 SH   SOLE   8,800 0 0
MPB BHC, Inc. Common 55317L105 3,670 212,767 SH   SOLE   212,767 0 0
MVB Financial Corp. Common 553810102 3,241 75,983 SH   SOLE   75,983 0 0
MainStreet Bancshares, Inc. Common 56064Y100 16,652 737,470 SH   SOLE   737,470 0 0
Malvern Bancorp, Inc. Common 561409103 12,135 657,699 SH   SOLE   657,699 0 0
McHenry Bancorp, Inc. Common 580683100 1,275 15,000,000 SH   SOLE   15,000,000 0 0
Mercantile Bank Corporation Common 587376104 16,554 548,157 SH   SOLE   548,157 0 0
Merchants Bancorp Common 58844R108 8,098 206,378 SH   SOLE   206,378 0 0
Merchants Financial Group, Inc. Common 588538108 8,012 110,513 SH   SOLE   110,513 0 0
Meridian Bank Common 58958P104 12,515 476,767 SH   SOLE   476,767 0 0
Meridian Interstate Bancorp Common 58958U103 3,879 189,570 SH   SOLE   189,570 0 0
Metropolitan Bank Holding Corp. Common 591774104 9,217 153,061 SH   SOLE   153,061 0 0
Mid Penn Bank Common 59540G107 5,714 208,172 SH   SOLE   208,172 0 0
Mission Valley Bancorp Common 60520E104 3,796 264,542 SH   SOLE   264,542 0 0
Mountain Commerce Bancorp Common 624004107 9,480 361,820 SH   SOLE   361,820 0 0
Northway Financial, Inc. Common 667270201 6,021 192,992 SH   SOLE   192,992 0 0
Nuvei Corp Common 67079A102 450 5,500 SH   SOLE   5,500 0 0
Oak Ridge Financial Services, Inc. Common 671768109 3,858 226,680 SH   SOLE   226,680 0 0
Oak Valley Bancorp Common 671807105 7,792 428,830 SH   SOLE   428,830 0 0
Old Second Bancorp, Inc. Common 680277100 20,679 1,667,679 SH   SOLE   1,667,679 0 0
Orange County Bancorp Common 68417L107 8,318 244,640 SH   SOLE   244,640 0 0
Oregon Pacific Bancorp Common 686040205 4,648 677,586 SH   SOLE   677,586 0 0
Origin Bancorp Inc. Common 68621T102 9,661 227,542 SH   SOLE   227,542 0 0
PSB Holdings, Inc. Common 69360N108 6,317 240,663 SH   SOLE   240,663 0 0
Pacific Financial Corporation Common 694275108 8,052 643,096 SH   SOLE   643,096 0 0
Pacific Mercantile Bancorp Common 694552100 12,148 1,412,512 SH   SOLE   1,412,512 0 0
Pacific West Bank Common 69506W202 2,879 185,715 SH   SOLE   185,715 0 0
Peapack-Gladstone Financial Corporation Common 704699107 25,765 829,251 SH   SOLE   829,251 0 0
Peoples Bancorp Common 70979X107 3,316 14,737 SH   SOLE   14,737 0 0
Pilot Bancshares, Inc. Common 721530103 5,079 846,429 SH   SOLE   846,429 0 0
Pinnacle Bancshares, Inc. Common 722903101 1,236 36,367 SH   SOLE   36,367 0 0
Pinnacle Bank Common 72346K107 5,104 371,179 SH   SOLE   371,179 0 0
Pinnacle Bankshares Corporation Common 72345E102 2,785 111,844 SH   SOLE   111,844 0 0
Pioneer Bancshares, Inc Common 72357G102 3,309 97,000 SH   SOLE   97,000 0 0
Potomac Bancshares, Inc. Common 737643106 910 57,405 SH   SOLE   57,405 0 0
Prime Meridian Holding Company Common 74164R107 3,893 169,243 SH   SOLE   169,243 0 0
Primis Financial Corporation Common 74167B109 21,569 1,413,443 SH   SOLE   1,413,443 0 0
Private Bancorp of America, Inc. Common 74274F100 12,445 506,909 SH   SOLE   506,909 0 0
Professional Holding Corp. Common 743139107 2,703 150,000 SH   SOLE   150,000 0 0
Provident Financial Services, Inc. Common 74386T105 11,433 499,468 SH   SOLE   499,468 0 0
QNB Corp. Common 74726N107 6,032 167,553 SH   SOLE   167,553 0 0
Red River Bancshares, Inc. Common 75686R202 1,684 33,334 SH   SOLE   33,334 0 0
Reliant Bancorp, Inc. Common 75956B101 13,775 496,761 SH   SOLE   496,761 0 0
Republic First Bancorp, Inc. Common 760416107 8,416 2,109,276 SH   SOLE   2,109,276 0 0
River City Bank Common 76803X106 6,596 24,867 SH   SOLE   24,867 0 0
Riverview Bancorp, Inc. Common 769397100 1,122 158,288 SH   SOLE   158,288 0 0
Riverview Financial Corporation Common 76940Q105 6,572 575,019 SH   SOLE   575,019 0 0
Salisbury Bancorp, Inc. Common 795226109 2,201 43,336 SH   SOLE   43,336 0 0
Sandy Spring Bancorp Inc. Common 800363103 11,017 249,650 SH   SOLE   249,650 0 0
Santa Cruz County Bank Common 801827106 15,314 312,204 SH   SOLE   312,204 0 0
Seacoast Banking Corporation of Florida Common 811707801 3,452 101,095 SH   SOLE   101,095 0 0
Severn Bancorp, Inc. Common 81811M100 2,737 230,000 SH   SOLE   230,000 0 0
Sevier County Bancshares, Inc. Common 81817P206 3,343 217,675 SH   SOLE   217,675 0 0
Shore Bancshares, Inc. Common 825107105 8,251 492,583 SH   SOLE   492,583 0 0
Sierra Bancorp Common 82620P102 5,025 197,427 SH   SOLE   197,427 0 0
Signature Bank Common 82669G104 2,260 9,200 SH   SOLE   9,200 0 0
Silvercrest Asset Management Group Inc. Common 828359109 5,250 349,037 SH   SOLE   349,037 0 0
Silvergate Capital Corporation Common 82837P408 1,201 10,600 SH   SOLE   10,600 0 0
SmartFinancial, Inc. Common 83190L208 16,085 669,919 SH   SOLE   669,919 0 0
South Atlantic Bancshares, Inc. Common 83636T104 6,142 423,608 SH   SOLE   423,608 0 0
South Plains Financial, Inc. Common 83946P107 4,855 209,919 SH   SOLE   209,919 0 0
SouthCrest Financial Group, Inc. Common 84129X107 6,326 516,429 SH   SOLE   516,429 0 0
SouthPoint Bancshares, Inc. Common 844647107 3,538 104,826 SH   SOLE   104,826 0 0
Southern BancShares (N.C.), Inc. Common 842243107 13,078 2,515 SH   SOLE   2,515 0 0
Southern California Bancorp Common 84252A106 10,648 734,351 SH   SOLE   734,351 0 0
Southern First Bancshares, Inc. Common 842873101 24,413 477,186 SH   SOLE   477,186 0 0
Southern States Bancshares, Inc. Common 843878109 4,643 232,143 SH   SOLE   232,143 0 0
Spirit of Texas Bancshares, Inc. Common 84861D103 14,446 632,481 SH   SOLE   632,481 0 0
Sterling Bancorp, Inc. Common 85917W102 1,835 403,245 SH   SOLE   403,245 0 0
Stock Yards Bancorp, Inc. Common 861025104 2,139 42,038 SH   SOLE   42,038 0 0
Summit Bank Group, Inc. Common 86603R100 267 17,375 SH   SOLE   17,375 0 0
Summit State Bank Common 866264203 2,908 187,137 SH   SOLE   187,137 0 0
Suncrest Bank Common 86723G109 10,480 722,771 SH   SOLE   722,771 0 0
Surrey Bancorp Common 86888W105 934 63,785 SH   SOLE   63,785 0 0
Synovus Financial Corp. Common 87161C501 6,702 152,726 SH   SOLE   152,726 0 0
TGR Financial, Inc. Common 87243P108 6,213 460,195 SH   SOLE   460,195 0 0
Town and Country Financial Corporation Common 892039108 273 10,914 SH   SOLE   10,914 0 0
Traditions Bancorp, Inc. Common 89269L102 5,048 230,499 SH   SOLE   230,499 0 0
Tri City Bankshares Corporation Common 895364107 4,080 172,141 SH   SOLE   172,141 0 0
TriState Capital Holdings, Inc. Common 89678F100 12,126 594,721 SH   SOLE   594,721 0 0
Triumph Bancorp, Inc. Common 89679E300 24,266 326,818 SH   SOLE   326,818 0 0
Two Rivers Financial Group, Inc. Common 90206L106 4,561 116,791 SH   SOLE   116,791 0 0
United Bancorporation of Alabama, Inc. Common 90944R100 3,308 111,200 SH   SOLE   111,200 0 0
United Bankshares Common 909907107 588 16,118 SH   SOLE   16,118 0 0
Unity Bancorp, Inc. Common 913290102 18,601 843,603 SH   SOLE   843,603 0 0
Univest Financial Corporation Common 915271100 1,766 66,952 SH   SOLE   66,952 0 0
Veritex Holdings, Inc. Common 923451108 3,407 96,206 SH   SOLE   96,206 0 0
Village Bank and Trust Financial Corp. Common 92705T200 1,186 22,838 SH   SOLE   22,838 0 0
Virginia National Bankshares Corp. Common 928031103 2,075 53,357 SH   SOLE   53,357 0 0
Voyager Digital Common 92919V108 3,164 185,365 SH   SOLE   185,365 0 0
W.T.B. Financial Corporation Common 929334209 13,671 35,053 SH   SOLE   35,053 0 0
WesBanco, Inc. Common 950810101 1,138 31,934 SH   SOLE   31,934 0 0
West Suburban Bancorp, Inc. Common 956152409 5,786 7,380 SH   SOLE   7,380 0 0
Westbury Bancorp, Inc. Common 95727P106 5,319 186,631 SH   SOLE   186,631 0 0
White River Bancshares Company Common 96445A108 3,434 44,025 SH   SOLE   44,025 0 0