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 3,048 60,000 SH   SOLE   0 0 0
Bank of Commerce Holdings common 06424J103 2,846 247,454 SH   SOLE   0 0 0
Bank of Fincastle common 062113105 1,058 486,486 SH   SOLE   0 0 0
Bank of the Ozarks Inc common 063904106 4,118 85,000 SH   SOLE   0 0 0
BOFI Hldg Inc common 05566U108 3,140 105,000 SH   SOLE   0 0 0
BOFI Hldg Inc April 20 2018 30 common 05566U908 24 110 PRN Call SOLE   0 0 0
Bay Banks of Virginia, Inc. common 072035108 4,038 389,190 SH   SOLE   0 0 0
Citizens Commerce Bancshares, Inc. common 17452P101 1,229 1,931,819 SH   SOLE   0 0 0
Columbia Bkg Sys Inc common 197236102 869 20,000 SH   SOLE   0 0 0
Cullen Frost Bankers Inc common 229899109 2,603 27,500 SH   SOLE   0 0 0
Evans Bancorp Inc common 29911Q208 6,199 147,958 SH   SOLE   0 0 0
First Bancorp NC common 318910106 5,826 165,000 SH   SOLE   0 0 0
First Bancshares Inc MS common 318916103 9,771 285,690 SH   SOLE   0 0 0
First Busey Corp common 319383204 4,403 147,062 SH   SOLE   0 0 0
First South Bancorp, Inc. common 33646D102 815 1,597,246 SH   SOLE   0 0 0
Franklin Financial Network common 35352P104 7,604 223,003 SH   SOLE   0 0 0
Grandsouth Bancorporation common 386627301 4,154 296,706 SH   SOLE   0 0 0
Green Bancorp Inc common 39260X100 1,545 76,100 SH   SOLE   0 0 0
Heritage Commerce Corp common 426927109 3,141 205,000 SH   SOLE   0 0 0
Highlands Bancorp, Inc. common 430887109 1,392 107,527 SH   SOLE   0 0 0
Home Bancshares, Inc. common 436893200 6,852 294,693 SH   SOLE   0 0 0
Home Bancshares, Inc. March 16 2018 22.50 call 436893900 152 910 PRN Call SOLE   0 0 0
Hope Bancorp Inc common 43940T109 990 54,238 SH   SOLE   0 0 0
Iberiabank Corp common 450828108 155 2,000 SH   SOLE   0 0 0
MB Financial Inc New common 55264U108 890 20,000 SH   SOLE   0 0 0
Metro Phoenix Bank common 59165E106 1,500 166,667 SH   SOLE   0 0 0
Northern States Financial Corp common 665751103 4,750 5,937,685 SH   SOLE   0 0 0
Northwest Bancorporation common 667337109 3,563 286,198 SH   SOLE   0 0 0
Old Natl Bancorp IND common 680033107 4,397 252,000 SH   SOLE   0 0 0
OP Bancorp common 67109R109 3,869 394,816 SH   SOLE   0 0 0
Oregon Pacific Bancorp common 686040205 1,579 323,534 SH   SOLE   0 0 0
Pacific Premier Bancorp common 69478X105 9,800 245,000 SH   SOLE   0 0 0
Pacwest Bancorp DEL common 695263103 3,478 69,004 SH   SOLE   0 0 0
Prime Meridian Holding Company common 74164R107 1,476 65,600 SH   SOLE   0 0 0
SPDR S&P 500 ETF Trust Jan 19 2018 260 put 78462F953 69 930 PRN Put SOLE   0 0 0
Triumph Bancorp Inc common 89679E300 3,219 102,200 SH   SOLE   0 0 0
US Metro Bank common 90343B102 2,959 700,339 SH   SOLE   0 0 0
Webster Financial Corp Conn common 947890109 842 15,000 SH   SOLE   0 0 0
W.T.B Financial Corporation common 929334209 1,416 4,000 SH   SOLE   0 0 0