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
Axos Financial Inc. common 05465C100 1,891 54,980 SH   SOLE   54,980 0 0
Banc of California Inc January 18 2019 22 call 05990K106 16 1,080 PRN Call SOLE   1,080 0 0
Banc of California Inc April 18 2019 21 call 05990K106 127 2,030 PRN Call SOLE   2,030 0 0
Bank of Commerce Holdings common 06424J103 3,289 269,593 SH   SOLE   269,593 0 0
Bank of Fincastle common 062113105 1,292 486,486 SH   SOLE   486,486 0 0
Bank of the Ozarks Inc common 063904106 1,982 52,200 SH   SOLE   52,200 0 0
Bay Banks of Virginia, Inc. common 072035108 6,146 650,407 SH   SOLE   650,407 0 0
CalWest Bancorp common 13169Q102 1,427 3,518,105 SH   SOLE   3,518,105 0 0
Capital Commerce Bancorp, Inc. common 14005T102 1,360 289,000 SH   SOLE   289,000 0 0
Citizens Commerce Bancshares, Inc. common 17452P101 1,453 1,937,456 SH   SOLE   1,937,456 0 0
Columbia Bkg Sys Inc common 197236102 775 20,000 SH   SOLE   20,000 0 0
Cullen Frost Bankers Inc common 229899109 2,089 20,000 SH   SOLE   20,000 0 0
Evans Bancorp Inc common 29911Q208 7,016 149,440 SH   SOLE   149,440 0 0
FCB Financial Holdings Inc CL A common 30255G103 2,370 50,000 SH   SOLE   50,000 0 0
First Bancorp NC common 318910106 5,671 140,000 SH   SOLE   140,000 0 0
First Bancshares Inc MS common 318916103 10,697 273,925 SH   SOLE   273,925 0 0
First Busey Corp common 319383204 4,504 145,062 SH   SOLE   145,062 0 0
First Intst Bancsystem CL A common 32055Y201 4,623 103,199 SH   SOLE   103,199 0 0
First South Bancorp, Inc. common 33646D102 1,677 1,597,246 SH   SOLE   1,597,246 0 0
Franklin Financial Network common 35352P104 7,742 198,000 SH   SOLE   198,000 0 0
Grandsouth Bancorporation common 386627301 6,468 342,661 SH   SOLE   342,661 0 0
Green Bancorp Inc common 39260X100 1,547 70,000 SH   SOLE   70,000 0 0
Heritage Commerce Corp common 426927109 3,059 205,000 SH   SOLE   205,000 0 0
Highlands Bancorp, Inc. common 430887109 1,962 107,527 SH   SOLE   107,527 0 0
Home Bancshares, Inc. common 436893200 4,227 193,000 SH   SOLE   193,000 0 0
Home Bancshares, Inc. March 15 2019 22.50 call 436893900 10 80 PRN Call SOLE   80 0 0
Hope Bancorp Inc common 43940T109 877 54,238 SH   SOLE   54,238 0 0
Lakeland Bancorp Inc April 18 2019 17.50 call 511637900 24 130 PRN Call SOLE   130 0 0
Luther Burbank Corp common 550550107 556 51,112 SH   SOLE   51,112 0 0
MainStreet Bancshares Inc common 56064Y100 5,513 263,158 SH   SOLE   263,158 0 0
Metro Phoenix Bank common 59165E106 2,150 166,667 SH   SOLE   166,667 0 0
Northern States Financial Corp common 665751103 8,414 8,765,000 SH   SOLE   8,765,000 0 0
Old Natl Bancorp IND common 680033107 4,246 220,000 SH   SOLE   220,000 0 0
OP Bancorp common 67109R109 3,932 338,980 SH   SOLE   338,980 0 0
Oregon Pacific Bancorp common 686040205 2,088 323,534 SH   SOLE   323,534 0 0
Pacific Premier Bancorp common 69478X105 9,114 245,000 SH   SOLE   245,000 0 0
Pacwest Bancorp DEL common 695263103 2,907 61,000 SH   SOLE   61,000 0 0
Pioneer Bancshares, Inc. common 72357G102 2,957 95,000 SH   SOLE   95,000 0 0
Prime Meridian Holding Company common 74164R107 1,445 63,375 SH   SOLE   63,375 0 0
SPDR S&P 500 ETF TR Nov 16 2018 277 put 78462F953 42 300 PRN Put SOLE   300 0 0
Sandy Spring Bancorp Inc. common 800363103 6,928 176,236 SH   SOLE   176,236 0 0
SB Financial Group Inc. common 78408D105 4,733 232,570 SH   SOLE   232,570 0 0
Select Bancorp Inc common 81617L108 6,045 487,500 SH   SOLE   487,500 0 0
Severn Bancorp Annapolis MD common 81811M100 1,167 119,082 SH   SOLE   119,082 0 0
Synovus Financial Corp common 87161C501 1,465 32,000 SH   SOLE   32,000 0 0
Synovus Financial Corp Feb 15 2019 50 call 87161C901 11 133 PRN Call SOLE   133 0 0
Triumph Bancorp Inc common 89679E300 1,910 50,000 SH   SOLE   50,000 0 0
US Metro Bank common 90343B102 3,159 759,273 SH   SOLE   759,273 0 0
Virginia National Bankshares common 928031103 2,218 48,161 SH   SOLE   48,161 0 0
Webster Financial Corp Conn common 947890109 884 15,000 SH   SOLE   15,000 0 0
W.T.B Financial Corporation common 929334209 764 2,000 SH   SOLE   2,000 0 0