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
FCB Financial Holdings Inc CL A common 30255G103 2,898 60,000 SH   SOLE   0 0 0
Bank of Commerce Holdings common 06424J103 2,165 188,240 SH   SOLE   0 0 0
Bank of Marin Bancorp common 063425102 411 6,000 SH   SOLE   0 0 0
Bank of the Ozarks Inc common 063904106 4,325 90,000 SH   SOLE   0 0 0
BOFI Hldg Inc common 05566U108 2,989 105,000 SH   SOLE   0 0 0
Bay Banks of Virginia, Inc. common 072035108 3,740 389,190 SH   SOLE   0 0 0
Columbia Bkg Sys Inc common 197236102 842 20,000 SH   SOLE   0 0 0
CU Bancorp Calif common 126534106 5,041 130,000 SH   SOLE   0 0 0
Cullen Frost Bankers Inc common 229899109 2,610 27,500 SH   SOLE   0 0 0
Evans Bancorp Inc common 29911Q208 5,713 132,234 SH   SOLE   0 0 0
First Bancorp NC common 318910106 6,091 177,006 SH   SOLE   0 0 0
First Bancshares Inc MS common 318916103 8,770 290,867 SH   SOLE   0 0 0
First Busey Corp common 319383204 4,612 147,062 SH   SOLE   0 0 0
First South Bancorp, Inc. common 33646D102 1,238 1,597,246 SH   SOLE   0 0 0
Franklin Financial Network common 35352P104 8,392 235,403 SH   SOLE   0 0 0
Grandsouth Bancorporation common 386627301 2,648 190,152 SH   SOLE   0 0 0
Green Bancorp Inc common 39260X100 1,800 76,100 SH   SOLE   0 0 0
Heritage Commerce Corp common 426927109 3,620 254,358 SH   SOLE   0 0 0
Home Bancshares, Inc. common 436893200 6,841 271,238 SH   SOLE   0 0 0
Hope Bancorp Inc common 43940T109 961 54,238 SH   SOLE   0 0 0
MB Financial Inc New common 55264U108 900 20,000 SH   SOLE   0 0 0
Northern States Financial Corp common 665751103 4,470 5,418,771 SH   SOLE   0 0 0
Northwest Bancorporation common 667337109 3,239 271,921 SH   SOLE   0 0 0
Old Natl Bancorp IND common 680033107 4,612 252,000 SH   SOLE   0 0 0
OP Bancorp common 67109R109 1,140 122,216 SH   SOLE   0 0 0
Pacific Premier Bancorp common 69478X105 8,871 235,000 SH   SOLE   0 0 0
Prime Meridian Holding Company common 74164R107 1,248 65,600 SH   SOLE   0 0 0
Triumph Bancorp Inc common 89679E300 3,296 102,200 SH   SOLE   0 0 0
Webster Financial Corp Conn common 947890109 788 15,000 SH   SOLE   0 0 0
W.T.B Financial Corporation common 929334209 1,485 5,000 SH   SOLE   0 0 0