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
Estimated average burden
hours per response: 23.8
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1867 Western Financial Corp Com 282518109   407,245 79 SH   SOLE 0 79 0 0
1st Capital Bancorp Com 319427100   2,028,559 186,964 SH   SOLE 0 186,964 0 0
1st Colonial Bancorp Inc Com 319716106   1,458,886 95,352 SH   SOLE 0 95,352 0 0
Alpine Banks of Colorado Com 020810107   3,486,333 128,174 SH   SOLE 0 128,174 0 0
American Business Bank Com 02475L105   1,442,332 39,077 SH   SOLE 0 39,077 0 0
American Riviera Bancorp Com 02933K103   2,883,749 183,328 SH   SOLE 0 183,328 0 0
Ballston Spa Bancorp Inc Com 058701103   962,885 18,788 SH   SOLE 0 18,788 0 0
Bancorp 34 Inc Com 05970V106   883,922 107,142 SH   SOLE 0 107,142 0 0
Bankwell Financial Group Inc Com 06654A103   2,862,168 110,338 SH   SOLE 0 110,338 0 0
Banner Corp Com 06652V208   2,926,704 60,973 SH   SOLE 0 60,973 0 0
BAY Community Bancorp Com 072205107   3,366,965 464,409 SH   SOLE 0 464,409 0 0
Boyle Bancorp Inc Com 103442109   1,962,745 25,083 SH   SOLE 0 25,083 0 0
Canandaigua National Corp Com 137143103   1,281,735 6,573 SH   SOLE 0 6,573 0 0
Cashmere Valley Bank Com 14756K102   4,407,701 88,597 SH   SOLE 0 88,597 0 0
Cecil Bancorp Inc Com 149841306   551,252 367,501 SH   SOLE 0 367,501 0 0
Central Valley Community Banco Com 155685100   2,932,562 147,439 SH   SOLE 0 147,439 0 0
Century Financial Corp/MA Com 15652L102   285,500 10,000 SH   SOLE 0 10,000 0 0
Chino Commercial Bancorp Com 16957L102   821,017 83,352 SH   SOLE 0 83,352 0 0
Citba Financial Corp Com 173024100   1,381,298 61,391 SH   SOLE 0 61,391 0 0
Citizens Bancorp/OR Com 172950107   977,443 97,258 SH   SOLE 0 97,258 0 0
Citizens Financial Group Inc Com 174610105   4,076,492 112,331 SH   SOLE 0 112,331 0 0
CNB Community Bancorp Inc Com 12618F105   2,182,469 63,205 SH   SOLE 0 63,205 0 0
CNB Financial Corp/PA Com 126128107   2,039,000 100,000 SH   SOLE 0 100,000 0 0
Columbia Banking System Inc Com 197236102   3,024,444 156,302 SH   SOLE 0 156,302 0 0
Comerica Inc Com 200340107   4,352,184 79,145 SH   SOLE 0 79,145 0 0
Community Bancorp of Santa Mar Com 20344R103   116,480 11,200 SH   SOLE 0 11,200 0 0
Community Heritage Financial I Com 20370L103   2,238,150 129,000 SH   SOLE 0 129,000 0 0
Community West Bancshares Com 204157101   2,597,869 167,821 SH   SOLE 0 167,821 0 0
Cornerstone Bancorp Inc/IL Com 21925H100   70,600 1,000 SH   SOLE 0 1,000 0 0
Cornerstone Community Bancorp Com 21925R108   4,167,532 143,708 SH   SOLE 0 143,708 0 0
Crystal Valley Financial Corp Com 22941P100   2,743,652 46,820 SH   SOLE 0 46,820 0 0
Embassy Bancorp Inc Com 290791102   1,499,974 109,089 SH   SOLE 0 109,089 0 0
Enterprise Bancorp Inc/MA Com 293668109   3,533,660 136,067 SH   SOLE 0 136,067 0 0
Exchange Bank/Santa Rosa CA Com 301227203   7,269,080 69,895 SH   SOLE 0 69,895 0 0
Farmers & Merchants Bank of Lo Com 308243104   1,131,675 237 SH   SOLE 0 237 0 0
Farmers and Merchants Bancshar Com 308856103   849,500 50,118 SH   SOLE 0 50,118 0 0
Fentura Financial Inc Com 314645102   3,256,119 137,389 SH   SOLE 0 137,389 0 0
Finwise Bancorp Com 31813A109   1,142,866 113,718 SH   SOLE 0 113,718 0 0
First Busey Corp Com 319383204   4,967,552 206,551 SH   SOLE 0 206,551 0 0
First Capital Inc Com 31942S104   2,254,165 78,955 SH   SOLE 0 78,955 0 0
First Citizens BancShares Inc/ Com 31946M103   20,820,090 12,734 SH   SOLE 0 12,734 0 0
First Citizens BancShares Inc/ Com 31946M202   1,235,295 849 SH   SOLE 0 849 0 0
First Community Bankshares Inc Com 31983A103   2,264,663 65,396 SH   SOLE 0 65,396 0 0
First Horizon Corp Com 320517105   4,102,237 266,379 SH   SOLE 0 266,379 0 0
First Mid Bancshares Inc Com 320866106   4,196,243 128,404 SH   SOLE 0 128,404 0 0
First National Corp/VA Com 32106V107   5,143,737 316,343 SH   SOLE 0 316,343 0 0
First National of Nebraska Inc Com 335720108   8,937,500 715 SH   SOLE 0 715 0 0
First Ottawa Bancshares Inc Com 335876108   3,263,729 31,966 SH   SOLE 0 31,966 0 0
Five Star Bancorp Com 33830T103   3,034,058 134,847 SH   SOLE 0 134,847 0 0
FNB Corp/PA Com 302520101   3,702,561 262,593 SH   SOLE 0 262,593 0 0
HBT Financial Inc Com 404111106   3,471,582 182,331 SH   SOLE 0 182,331 0 0
Heartland BancCorp Com 421962101   2,795,815 33,067 SH   SOLE 0 33,067 0 0
Heritage Commerce Corp Com 426927109   3,432,077 400,009 SH   SOLE 0 400,009 0 0
Jd Bancshares Inc Com 46591R108   115,579 5,638 SH   SOLE 0 5,638 0 0
Lakeland Bancorp Inc Com 511637100   2,759,284 228,040 SH   SOLE 0 228,040 0 0
Ledyard Financial Group Inc Com 523338101   977,086 64,282 SH   SOLE 0 64,282 0 0
M&T Bank Corp Com 55261F104   3,490,560 24,000 SH   SOLE 0 24,000 0 0
Macatawa Bank Corp Com 554225102   4,303,292 439,560 SH   SOLE 0 439,560 0 0
Mechanics Bank/Walnut Creek CA Com 583614102   2,150,000 86 SH   SOLE 0 86 0 0
Merchants Financial Group Inc Com 588538108   4,967,550 209,160 SH   SOLE 0 209,160 0 0
Middlebury National Corp Com 596237107   391,850 15,674 SH   SOLE 0 15,674 0 0
Mission Bancorp/Bakersfield CA Com 605015106   6,189,150 73,453 SH   SOLE 0 73,453 0 0
Mountain Commerce Bancorp Inc Com 624004107   1,556,677 88,197 SH   SOLE 0 88,197 0 0
New York Community Bancorp Inc Com 649445103   0 0 SH   SOLE 0 0 0 0
New York Community Bancorp Inc Call 649445103   0 0 SH   SOLE 0 0 0 0
Oak Ridge Financial Services I Com 671768109   1,145,323 65,447 SH   SOLE 0 65,447 0 0
Oak Valley Bancorp Com 671807105   8,885,935 358,593 SH   SOLE 0 358,593 0 0
Old Second Bancorp Inc Com 680277100   2,256,446 163,038 SH   SOLE 0 163,038 0 0
Open Lending Corp Com 68373J104   449,743 71,844 SH   SOLE 0 71,844 0 0
Oregon Pacific Bancorp Com 686040205   4,412,154 644,110 SH   SOLE 0 644,110 0 0
Oxford Bank Corp/MI Com 69140P100   3,382,535 111,231 SH   SOLE 0 111,231 0 0
Pacific Valley Bancorp Com 69503T103   1,650,371 194,390 SH   SOLE 0 194,390 0 0
Parke Bancorp Inc Com 700885106   2,494,473 144,817 SH   SOLE 0 144,817 0 0
Peoples Bancorp/WA Com 70979X107   875,000 5,000 SH   SOLE 0 5,000 0 0
Pinnacle Bank/Gilroy CA Com 72346K107   3,262,420 211,708 SH   SOLE 0 211,708 0 0
Pinnacle Financial Partners In Com 72346Q104   1,274,974 14,846 SH   SOLE 0 14,846 0 0
Plumas Bancorp Com 729273102   8,086,516 219,802 SH   SOLE 0 219,802 0 0
Premier Financial Corp Com 74052F108   2,362,920 116,400 SH   SOLE 0 116,400 0 0
Prime Meridian Holding Co Com 74164R107   3,057,891 147,014 SH   SOLE 0 147,014 0 0
Private Bancorp of America Inc Com 74274F100   742,290 21,800 SH   SOLE 0 21,800 0 0
Red River Bancshares Inc Com 75686R202   3,309,989 66,479 SH   SOLE 0 66,479 0 0
Redwood Capital Bancorp Com 75777X100   3,820,562 186,278 SH   SOLE 0 186,278 0 0
Security National Corp/IA Com 814784104   2,399,705 17,710 SH   SOLE 0 17,710 0 0
Shore Bancshares Inc Com 825107105   2,245,801 195,287 SH   SOLE 0 195,287 0 0
Solvay Bank Com 83441Q105   2,002,770 76,296 SH   SOLE 0 76,296 0 0
Southeastern Banking Corp Com 84158P108   1,262,417 66,443 SH   SOLE 0 66,443 0 0
Southern BancShares NC Inc Com 842243107   6,270,000 1,100 SH   SOLE 0 1,100 0 0
Southern California Bancorp Com 84252A106   3,109,570 208,556 SH   SOLE 0 208,556 0 0
Southern Missouri Bancorp Inc Com 843380106   3,466,815 79,314 SH   SOLE 0 79,314 0 0
Studio Financial Holdings Inc Com 864001102   818,151 83,061 SH   SOLE 0 83,061 0 0
Summit Bancshares Inc/CA Com 866010101   1,401,270 34,061 SH   SOLE 0 34,061 0 0
Synovus Financial Corp Com 87161C501   4,334,252 108,194 SH   SOLE 0 108,194 0 0
Timberland Bancorp Inc/WA Com 887098101   6,214,401 230,847 SH   SOLE 0 230,847 0 0
Traditions Bancorp Inc Com 89269L102   3,039,383 173,679 SH   SOLE 0 173,679 0 0
Tri City Bankshares Corp Com 895364107   1,493,434 126,455 SH   SOLE 0 126,455 0 0
Tri-County Financial Group Inc Com 89546P108   2,538,597 61,917 SH   SOLE 0 61,917 0 0
United BanCorp of Alabama Inc Com 90944R100   3,431,442 81,896 SH   SOLE 0 81,896 0 0
Valley National Bancorp Com 919794107   2,034,098 255,540 SH   SOLE 0 255,540 0 0
Veritex Holdings Inc Com 923451108   0 0 SH   SOLE 0 0 0 0
Village Bank and Trust Financi Com 92705T200   121,125 2,850 SH   SOLE 0 2,850 0 0
Wayne Savings Bancshares Inc Com 94624Q101   1,133,512 46,685 SH   SOLE 0 46,685 0 0
West Coast Community Bancorp Com 801827106   6,111,665 224,446 SH   SOLE 0 224,446 0 0
Woodlands Financial Services C Com 979685104   1,151,575 69,372 SH   SOLE 0 69,372 0 0
WSFS Financial Corp Com 929328102   1,977,990 43,819 SH   SOLE 0 43,819 0 0
WTB Financial Corp Com 929334209   3,484,800 12,672 SH   SOLE 0 12,672 0 0
Zions Bancorp NA Com 989701107   4,395,986 101,290 SH   SOLE 0 101,290 0 0