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
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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 2,940 50,000 SH   SOLE   50,000 0 0
Banc of California Inc January 18 2019 22 call 05990K106 36 710 PRN Call SOLE   710 0 0
Bank of Commerce Holdings common 06424J103 3,507 275,080 SH   SOLE   275,080 0 0
Bank of Fincastle common 062113105 1,138 486,486 SH   SOLE   486,486 0 0
Bank of the Ozarks Inc common 063904106 2,252 50,000 SH   SOLE   50,000 0 0
BOFI Hldg Inc common 05566U108 2,249 54,980 SH   SOLE   54,980 0 0
Bay Banks of Virginia, Inc. common 072035108 5,383 552,057 SH   SOLE   552,057 0 0
CalWest Bancorp common 13169Q102 1,407 3,518,105 SH   SOLE   3,518,105 0 0
Capital Commerce Bancorp, Inc. common 14005T102 1,345 289,000 SH   SOLE   289,000 0 0
Citizens Commerce Bancshares, Inc. common 17452P101 1,410 1,932,069 SH   SOLE   1,932,069 0 0
Columbia Bkg Sys Inc common 197236102 818 20,000 SH   SOLE   20,000 0 0
Cullen Frost Bankers Inc common 229899109 2,165 20,000 SH   SOLE   20,000 0 0
Evans Bancorp Inc common 29911Q208 5,961 129,312 SH   SOLE   129,312 0 0
First Bancorp NC common 318910106 5,727 140,000 SH   SOLE   140,000 0 0
First Bancshares Inc MS common 318916103 9,849 273,975 SH   SOLE   273,975 0 0
First Busey Corp common 319383204 4,601 145,062 SH   SOLE   145,062 0 0
First South Bancorp, Inc. common 33646D102 1,781 1,597,246 SH   SOLE   1,597,246 0 0
Franklin Financial Network common 35352P104 7,821 208,000 SH   SOLE   208,000 0 0
Grandsouth Bancorporation common 386627301 5,799 317,750 SH   SOLE   317,750 0 0
Green Bancorp Inc common 39260X100 1,512 70,000 SH   SOLE   70,000 0 0
Heritage Commerce Corp common 426927109 3,483 205,000 SH   SOLE   205,000 0 0
Highlands Bancorp, Inc. common 430887109 1,629 107,527 SH   SOLE   107,527 0 0
Home Bancshares, Inc. common 436893200 5,823 258,093 SH   SOLE   258,093 0 0
Hope Bancorp Inc common 43940T109 967 54,238 SH   SOLE   54,238 0 0
Metro Phoenix Bank common 59165E106 2,054 166,667 SH   SOLE   166,667 0 0
Northern States Financial Corp common 665751103 5,358 5,887,685 SH   SOLE   5,887,685 0 0
Northwest Bancorporation common 667337109 4,292 200,000 SH   SOLE   200,000 0 0
Old Natl Bancorp IND common 680033107 4,092 220,000 SH   SOLE   220,000 0 0
OP Bancorp common 67109R109 4,650 365,600 SH   SOLE   365,600 0 0
Oregon Pacific Bancorp common 686040205 1,959 323,534 SH   SOLE   323,534 0 0
Pacific Premier Bancorp common 69478X105 9,347 245,000 SH   SOLE   245,000 0 0
Pacwest Bancorp DEL common 695263103 3,015 61,000 SH   SOLE   61,000 0 0
Pioneer Bancshares, Inc. common 72357G102 2,984 98,000 SH   SOLE   98,000 0 0
Prime Meridian Holding Company common 74164R107 1,287 63,375 SH   SOLE   63,375 0 0
Sandy Spring Bancorp Inc. common 800363103 7,022 171,236 SH   SOLE   171,236 0 0
SB Financial Group Inc. common 78408D105 4,650 228,852 SH   SOLE   228,852 0 0
Severn Bancorp Annapolis MD common 81811M100 977 112,997 SH   SOLE   112,997 0 0
Triumph Bancorp Inc common 89679E300 2,038 50,000 SH   SOLE   50,000 0 0
US Metro Bank common 90343B102 3,060 759,273 SH   SOLE   759,273 0 0
Virginia National Bankshares common 928031103 2,549 49,594 SH   SOLE   49,594 0 0
Webster Financial Corp Conn common 947890109 956 15,000 SH   SOLE   15,000 0 0
W.T.B Financial Corporation common 929334209 1,330 3,500 SH   SOLE   3,500 0 0