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
Altabancorp common 021347109 847 42,100 SH   SOLE   42,100 0 0
Ameris Bancorp common 03076K108 1,708 74,980 SH   SOLE   74,980 0 0
Bank of Fincastle common 062113105 1,162 563,917 SH   SOLE   563,917 0 0
Berkshire Hill Bancorp common 084680107 752 74,401 SH   SOLE   74,401 0 0
Boston Private Financial Holdings common 101119105 552 100,000 SH   SOLE   100,000 0 0
Capital One Financial common 14040H105 862 12,000 SH   SOLE   12,000 0 0
Cecil Bancorp, Inc. common 149841306 945 367,500 SH   SOLE   367,500 0 0
Citigroup common 172967424 1,957 45,400 SH   SOLE   45,400 0 0
Communities First Financial Corp common 20344D104 4,155 173,647 SH   SOLE   173,647 0 0
FB Financial Corp common 30257X104 3,281 130,625 SH   SOLE   130,625 0 0
First Bancorp NC common 318910106 2,310 110,353 SH   SOLE   110,353 0 0
First Bancshares Inc MS common 318916103 4,392 209,450 SH   SOLE   209,450 0 0
First Busey Corp common 319383204 477 30,000 SH   SOLE   30,000 0 0
First Intst Bancsystem CL A common 32055Y201 2,183 68,531 SH   SOLE   68,531 0 0
First Midwest Bancorp DEL common 320867104 1,588 147,333 SH   SOLE   147,333 0 0
Gateway Bank FSB common 36758P102 1,110 3,000,000 SH   SOLE   3,000,000 0 0
Grandsouth Bancorporation common 386627301 4,470 321,847 SH   SOLE   321,847 0 0
Heritage Commerce Corp common 426927109 1,697 255,000 SH   SOLE   255,000 0 0
Invesco Exchange Traded Sr Ln ETF Oct 16 2020 17 put 46138G958 1 300 PRN Put SOLE   300 0 0
Investar Holding Corp common 46134L105 2,009 156,747 SH   SOLE   156,747 0 0
iShares Trust IBOXX HI YD ETF Mar 19 2021 78 put 464288953 92 500 PRN Put SOLE   500 0 0
iShares Trust IBOXX HI YD ETF Jun 18 2021 79 put 464288953 308 1,000 PRN Put SOLE   1,000 0 0
iShares Trust IBOXX HI YD ETF Oct 16 2020 79 put 464288953 17 1,000 PRN Put SOLE   1,000 0 0
iShares Trust 20plus TRSY Oct 16 2020 155 put 464287952 13 800 PRN Put SOLE   800 0 0
Lakeland Bancorp Inc common 511637100 867 87,162 SH   SOLE   87,162 0 0
MainStreet Bancshares Inc common 56064Y100 2,358 192,663 SH   SOLE   192,663 0 0
McHenry Bancorp, Inc. common 580683100 1,107 15,000,000 SH   SOLE   15,000,000 0 0
Metro Phoenix Bank common 59165E106 1,737 176,667 SH   SOLE   176,667 0 0
Old Natl Bancorp IND common 680033107 1,256 100,000 SH   SOLE   100,000 0 0
Oregon Pacific Bancorp common 686040205 1,398 358,334 SH   SOLE   358,334 0 0
Pacific Premier Bancorp common 69478X105 2,759 137,000 SH   SOLE   137,000 0 0
Pacific West Bank common 69506W202 1,710 164,390 SH   SOLE   164,390 0 0
Pacwest Bancorp DEL common 695263103 854 50,000 SH   SOLE   50,000 0 0
Popular Inc common 733174700 725 20,000 SH   SOLE   20,000 0 0
Reliant Bancorp common 75956B101 1,757 121,171 SH   SOLE   121,171 0 0
Seacoast Commerce Banc Holdings common 81171B108 2,382 172,000 SH   SOLE   172,000 0 0
Financial Select Sector SPDR ETF Jan 1 2022 35 call 81369Y905 81 4,057 SH Call SOLE   4,057 0 0
Financial Select Sector SPDR ETF Jun 18 2021 30 call 81369Y905 140 3,577 SH Call SOLE   3,577 0 0
Financial Select Sector SPDR ETF Oct 16 2020 25 call 81369Y905 59 3,000 SH Call SOLE   3,000 0 0
Financial Select Sector SPDR ETF Oct 16 2020 26 call 81369Y905 19 3,500 SH Call SOLE   3,500 0 0
Financial Select Sector SPDR ETF Oct 16 2020 27 call 81369Y905 18 12,000 SH Call SOLE   12,000 0 0
Financial Select Sector SPDR ETF Oct 30 2020 26 call 81369Y905 15 1,000 SH Call SOLE   1,000 0 0
South State Corp common 840441109 1,204 25,000 SH   SOLE   25,000 0 0
Southcrest Financial Group common 84129X107 970 147,840 SH   SOLE   147,840 0 0
SPDR S&P Regional Banking ETF common 78464A698 8,884 249,000 SH   SOLE   249,000 0 0
SPDR S&P Regional Banking ETF Oct 16 2020 45 call 78464A908 10 2,000 PRN Call SOLE   2,000 0 0
United Bancorporation Ala CL A common 90944R100 5,423 281,348 SH   SOLE   281,348 0 0
United Bankshares Inc common 909907107 859 40,000 SH   SOLE   40,000 0 0
United Community Banks Inc common 90984P303 1,693 100,000 SH   SOLE   100,000 0 0
US Metro Bank common 90343B102 2,224 1,059,015 SH   SOLE   1,059,015 0 0
Veritex Holdings Inc common 923451108 1,661 97,550 SH   SOLE   97,550 0 0
Western Alliance Bancorp common 957638109 3,087 97,621 SH   SOLE   97,621 0 0