Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	State Bank Financial Corporation	2,560,000	$38.48M	4.0%	$15.03	—	—	Common Stock	856190103
C	Citigroup Inc.	487,000	$23.36M	2.5%	$47.97	—	—	Common Stock	172967424
COF	Capital One Financial Corporation	355,000	$22.3M	2.3%	$62.81	—	—	Common Stock	14040H105
FCNCA	First Citizens BancShares, Inc. Cl A	103,000	$19.78M	2.1%	$192.05	—	—	Common Stock	31946M103
WTFC	Wintrust Financial Corporation	508,400	$19.46M	2.0%	$38.28	—	—	Common Stock	97650W108
—	OmniAmerican Bancorp, Inc.	796,620	$17.55M	1.8%	$22.03	—	—	Common Stock	68216R107
AIG	American International Group, Inc.	365,000	$16.32M	1.7%	$44.70	—	—	Common Stock	026874784
—	Discover Financial Services	310,000	$14.77M	1.5%	$47.64	—	—	Common Stock	254709108
JPM	JPMorgan Chase & Co.	275,000	$14.52M	1.5%	$52.79	—	—	Common Stock	46625H100
—	First NBC Bank Holding Company	590,000	$14.4M	1.5%	$24.40	—	—	Common Stock	32115D106
—	First Midwest Bancorp, Inc.	1,035,600	$14.21M	1.5%	$13.72	—	—	Common Stock	320867104
STT	State Street Corporation	215,000	$14.02M	1.5%	$65.21	—	—	Common Stock	857477103
BAC	Bank of America Corporation	1,075,000	$13.82M	1.5%	$12.86	—	—	Common Stock	060505104
—	MB Financial, Inc.	515,000	$13.8M	1.4%	$26.80	—	—	Common Stock	55264U108
BANF	BancFirst Corporation	294,500	$13.71M	1.4%	$46.55	—	—	Common Stock	05945F103
AER	AerCap Holdings NV SHS	750,000	$13.1M	1.4%	$17.46	—	—	SHS	N00985106
MS	Morgan Stanley	500,000	$12.21M	1.3%	$24.43	—	—	Common Stock	617446448
PFBC	Preferred Bank	731,000	$12.05M	1.3%	$16.48	—	—	Common Stock	740367404
—	Palmetto Bancshares, Inc.	906,641	$11.79M	1.2%	$13.00	—	—	Common Stock	697062206
TD	Toronto-Dominion Bank	145,000	$11.65M	1.2%	$80.37	—	—	Common Stock	891160509
—	SunTrust Banks, Inc.	365,000	$11.52M	1.2%	$31.57	—	—	Common Stock	867914103
—	Heritage Oaks Bancorp	1,802,000	$11.12M	1.2%	$6.17	—	—	Common Stock	42724R107
MET	MetLife, Inc.	240,000	$10.98M	1.2%	$45.76	—	—	Common Stock	59156R108
FFBC	First Financial Bancorp.	721,100	$10.74M	1.1%	$14.90	—	—	Common Stock	320209109
BKU	BankUnited, Inc.	400,000	$10.4M	1.1%	$26.01	—	—	Common Stock	06652K103
OCFC	OceanFirst Financial Corp.	664,100	$10.33M	1.1%	$15.55	—	—	Common Stock	675234108
—	Lazard Ltd SHS A	320,000	$10.29M	1.1%	$32.15	—	—	SHS A	G54050102
—	United Community Financial Corp.	2,289,857	$10.14M	1.1%	$4.43	—	—	Common Stock	909839102
UCB	United Community Banks, Inc.	813,400	$10.1M	1.1%	$12.42	—	—	Common Stock	90984P303
—	Call - MTB $73.86 Exp 12/23/2018	258,700	$9.831M	1.0%	$38.00	—	—	Warrants	55261F112
HBAN	Huntington Bancshares Incorporated	1,200,000	$9.444M	1.0%	$7.87	—	—	Common Stock	446150104
—	Southwest Bancorp, Inc.	702,900	$9.278M	1.0%	$13.20	—	—	Common Stock	844767103
—	Wilshire Bancorp, Inc.	1,379,800	$9.134M	1.0%	$6.62	—	—	Common Stock	97186T108
—	1st United Bancorp, Inc.	1,324,300	$8.899M	0.9%	$6.72	—	—	Common Stock	33740N105
—	Fox Chase Bancorp, Inc.	520,000	$8.84M	0.9%	$17.00	—	—	Common Stock	35137T108
—	Boston Private Financial Holdings, Inc.	829,500	$8.826M	0.9%	$10.64	—	—	Common Stock	101119105
CMA	Comerica Incorporated	220,000	$8.763M	0.9%	$39.83	—	—	Common Stock	200340107
—	North Valley Bancorp	517,600	$8.566M	0.9%	$16.55	—	—	Common Stock	66304M204
—	HF Financial Corp.	655,900	$8.533M	0.9%	$13.01	—	—	Common Stock	404172108
—	Century Bancorp, Inc. Cl A Non Vtg	240,714	$8.425M	0.9%	$35.00	—	—	Common Stock	156432106
—	Territorial Bancorp Inc.	370,980	$8.388M	0.9%	$22.61	—	—	Common Stock	88145X108
—	Flagstar Bancorp, Inc.	600,000	$8.376M	0.9%	$13.96	—	—	Common Stock	337930705
—	Park Sterling Corp	1,408,900	$8.327M	0.9%	$5.91	—	—	Common Stock	70086Y105
HWC	Hancock Holding Company	275,000	$8.269M	0.9%	$30.07	—	—	Common Stock	410120109
—	Sterling Financial Corporation	335,000	$7.966M	0.8%	$23.78	—	—	Common Stock	859319303
—	HopFed Bancorp, Inc.	734,602	$7.934M	0.8%	$10.80	—	—	Common Stock	439734104
—	Synovus Financial Corp.	2,700,000	$7.884M	0.8%	$2.92	—	—	Common Stock	87161C105
—	City National Corporation	122,500	$7.763M	0.8%	$63.37	—	—	Common Stock	178566105
—	Malvern Bancorp, Inc.	645,000	$7.721M	0.8%	$11.97	—	—	Common Stock	561409103
—	Call - ZION $36.27 Exp 11/14/2018	2,007,300	$7.648M	0.8%	$3.81	—	—	Warrants	989701131
—	American River Bankshares	867,700	$7.132M	0.7%	$8.22	—	—	Common Stock	029326105
TCBI	Texas Capital Bancshares, Inc.	160,500	$7.12M	0.7%	$44.36	—	—	Common Stock	88224Q107
AJG	Arthur J. Gallagher & Co.	160,000	$6.99M	0.7%	$43.69	—	—	Common Stock	363576109
HFWA	Heritage Financial Corporation	468,600	$6.865M	0.7%	$14.65	—	—	Common Stock	42722X106
IROQ	IF Bancorp, Inc.	436,700	$6.673M	0.7%	$15.28	—	—	Common Stock	44951J105
—	Yadkin Financial Corporation	475,000	$6.669M	0.7%	$14.04	—	—	Common Stock	984305102
ZION	Zions Bancorporation	225,000	$6.507M	0.7%	$28.92	—	—	Common Stock	989701107
NRIM	Northrim BanCorp, Inc.	267,500	$6.471M	0.7%	$24.19	—	—	Common Stock	666762109
FFIC	Flushing Financial Corporation	385,000	$6.333M	0.7%	$16.45	—	—	Common Stock	343873105
—	Evans Bancorp, Inc.	351,200	$6.167M	0.6%	$17.56	—	—	Common Stock	29911Q208
—	Standard Financial Corp.	319,600	$6.088M	0.6%	$19.05	—	—	Common Stock	853393106
—	Laporte Bancorp Inc.	600,400	$6.076M	0.6%	$10.12	—	—	Common Stock	516651106
—	Newport Bancorp, Inc.	344,200	$5.865M	0.6%	$17.04	—	—	Common Stock	651754103
WFC	Wells Fargo & Company	140,000	$5.778M	0.6%	$41.27	—	—	Common Stock	949746101
—	Walter Investment Management Corporation	170,000	$5.748M	0.6%	$33.81	—	—	Common Stock	93317W102
SMBC	Southern Missouri Bancorp, Inc.	220,300	$5.655M	0.6%	$25.67	—	—	Common Stock	843380106
—	1st Century Bancshares, Inc.	899,900	$5.554M	0.6%	$6.17	—	—	Common Stock	31943X102
—	Charter Financial Corporation	550,000	$5.544M	0.6%	$10.08	—	—	Common Stock	16122W108
USB	U.S. Bancorp	150,000	$5.423M	0.6%	$36.15	—	—	Common Stock	902973304
—	Suffolk Bancorp	331,803	$5.422M	0.6%	$16.34	—	—	Common Stock	864739107
IVZ	Invesco Ltd.	170,000	$5.406M	0.6%	$31.80	—	—	Common Stock	G491BT108
—	Bank Mutual Corporation	958,000	$5.403M	0.6%	$5.64	—	—	Common Stock	063750103
—	Xenith Bankshares, Inc.	1,009,700	$5.372M	0.6%	$5.32	—	—	Common Stock	98410X105
—	Capital Bank Financial Corporation	280,000	$5.326M	0.6%	$19.02	—	—	Common Stock	139794101
—	LNB Bancorp, Inc.	587,600	$5.047M	0.5%	$8.59	—	—	Common Stock	502100100
—	Bridge Capital Holdings	315,300	$5.001M	0.5%	$15.86	—	—	Common Stock	108030107
—	Seacoast Banking Corporation of Florida	2,265,000	$4.983M	0.5%	$2.20	—	—	Common Stock	811707306
—	Pacific Premier Bancorp, Inc.	398,200	$4.866M	0.5%	$12.22	—	—	Common Stock	69478X105
—	Hamilton Bancorp Inc.	365,000	$4.833M	0.5%	$13.24	—	—	Common Stock	407015106
MOFG	MidWestOne Financial Group, Inc.	197,600	$4.754M	0.5%	$24.06	—	—	Common Stock	598511103
—	Poage Bankshares, Inc.	314,000	$4.71M	0.5%	$15.00	—	—	Common Stock	730206109
—	Peoples Federal Bancshares, Inc.	260,000	$4.698M	0.5%	$18.07	—	—	Common Stock	711037101
—	Chicopee Bancorp, Inc.	270,000	$4.563M	0.5%	$16.90	—	—	Common Stock	168565109
NBHC	National Bank Holdings Corporation Cl A	231,000	$4.551M	0.5%	$19.70	—	—	Common Stock	633707104
—	BlackRock, Inc.	17,500	$4.495M	0.5%	$256.86	—	—	Common Stock	09247X101
—	CoBiz Financial Inc.	530,000	$4.399M	0.5%	$8.30	—	—	Common Stock	190897108
BRO	Brown & Brown, Inc.	134,000	$4.32M	0.5%	$32.24	—	—	Common Stock	115236101
—	SI Financial Group, Inc.	390,100	$4.311M	0.5%	$11.05	—	—	Common Stock	78425V104
—	Nationstar Mortgage Holdings, Inc.	115,000	$4.306M	0.5%	$37.44	—	—	Common Stock	63861C109
—	Astoria Financial Corporation	387,500	$4.177M	0.4%	$10.78	—	—	Common Stock	046265104
FCCO	First Community Corporation	434,200	$3.995M	0.4%	$9.20	—	—	Common Stock	319835104
—	First Busey Corporation	880,000	$3.96M	0.4%	$4.50	—	—	Common Stock	319383105
—	Fidelity Southern Corporation	319,000	$3.946M	0.4%	$12.37	—	—	Common Stock	316394105
—	Bridge Bancorp, Inc.	175,000	$3.938M	0.4%	$22.50	—	—	Common Stock	108035106
—	OBA Financial Services, Inc.	212,700	$3.922M	0.4%	$18.44	—	—	Common Stock	67424G101
BSRR	Sierra Bancorp	264,000	$3.907M	0.4%	$14.80	—	—	Common Stock	82620P102
—	State Investors Bancorp, Inc.	245,000	$3.641M	0.4%	$14.86	—	—	Common Stock	857030100
—	MainSource Financial Group, Inc.	260,000	$3.492M	0.4%	$13.43	—	—	Common Stock	56062Y102
—	Louisiana Bancorp, Inc.	201,100	$3.419M	0.4%	$17.00	—	—	Common Stock	54619P104
RJF	Raymond James Financial, Inc.	75,000	$3.224M	0.3%	$42.99	—	—	Common Stock	754730109
—	Meridian Interstate Bancorp, Inc. (MHC)	170,000	$3.201M	0.3%	$18.83	—	—	Common Stock	58964Q104
HTB	HomeTrust Bancshares, Inc.	184,800	$3.134M	0.3%	$16.96	—	—	Common Stock	437872104
RVSB	Riverview Bancorp, Inc.	1,238,400	$3.108M	0.3%	$2.51	—	—	Common Stock	769397100
EBMT	Eagle Bancorp Montana, Inc.	287,100	$3.063M	0.3%	$10.67	—	—	Common Stock	26942G100
—	Alliance Bancorp, Inc. of Pennsylvania	215,000	$2.956M	0.3%	$13.75	—	—	Common Stock	01890A108
HIFS	Hingham Institution for Savings	41,100	$2.79M	0.3%	$67.88	—	—	Common Stock	433323102
—	United Community Bancorp	272,200	$2.785M	0.3%	$10.23	—	—	Common Stock	90984R101
KEY	KeyCorp	250,000	$2.76M	0.3%	$11.04	—	—	Common Stock	493267108
—	Polonia Bancorp, Inc.	282,300	$2.611M	0.3%	$9.25	—	—	Common Stock	73158Q109
—	ASB Bancorp, Inc.	153,600	$2.521M	0.3%	$16.41	—	—	Common Stock	00213T109
—	Wolverine Bancorp, Inc.	134,300	$2.498M	0.3%	$18.60	—	—	Common Stock	977880103
—	Connectone Bancorp, Inc.	80,000	$2.459M	0.3%	$30.74	—	—	Common Stock	20786U101
—	Cowen Group, Inc. Cl A	818,500	$2.365M	0.2%	$2.89	—	—	Common Stock	223622101
—	Guaranty Bancorp	203,944	$2.315M	0.2%	$11.35	—	—	Common Stock	40075T607
—	Jacksonville Bancorp, Inc.	4,822,900	$2.315M	0.2%	$0.48	—	—	Common Stock	469249106
—	The Ryland Group, Inc.	55,000	$2.206M	0.2%	$40.11	—	—	Common Stock	783764103
—	FedFirst Financial Corporation	117,300	$2.171M	0.2%	$18.51	—	—	Common Stock	31429C101
WD	Walker & Dunlop, Inc.	122,100	$2.137M	0.2%	$17.50	—	—	Common Stock	93148P102
HFBL	Home Federal Bancorp, Inc. of Louisiana	120,000	$2.081M	0.2%	$17.34	—	—	Common Stock	43708L108
—	Old Line Bancshares, Inc.	155,000	$2.044M	0.2%	$13.19	—	—	Common Stock	67984M100
WLFC	Willis Lease Finance Corporation	150,400	$2.032M	0.2%	$13.51	—	—	Common Stock	970646105
FNLC	First Bancorp, Inc.	116,000	$2.028M	0.2%	$17.48	—	—	Common Stock	31866P102
—	Georgetown Bancorp, Inc.	138,887	$1.972M	0.2%	$14.20	—	—	Common Stock	372591107
—	Access National Corporation	144,200	$1.872M	0.2%	$12.98	—	—	Common Stock	004337101
LKFN	Lakeland Financial Corporation	64,600	$1.793M	0.2%	$27.76	—	—	Common Stock	511656100
HTBK	Heritage Commerce Corp	250,200	$1.751M	0.2%	$7.00	—	—	Common Stock	426927109
CVBF	CVB Financial Corp.	145,000	$1.705M	0.2%	$11.76	—	—	Common Stock	126600105
BEN	Franklin Resources, Inc.	12,500	$1.7M	0.2%	$136.00	—	—	Common Stock	354613101
—	Cardinal Financial Corporation	100,000	$1.464M	0.2%	$14.64	—	—	Common Stock	14149F109
CZNC	Citizens & Northern Corporation	75,000	$1.449M	0.2%	$19.32	—	—	Common Stock	172922106
—	Call - STI $33.70 Exp 12/31/2018	180,000	$1.391M	0.1%	$7.73	—	—	Warrants	867914129
—	Premier Financial Bancorp, Inc.	115,000	$1.385M	0.1%	$12.04	—	—	Common Stock	74050M105
LEN	Lennar Corporation Cl A	30,000	$1.081M	0.1%	$36.03	—	—	Common Stock	526057104
—	Colonial Financial Services, Inc.	76,200	$1.029M	0.1%	$13.50	—	—	Common Stock	19566B101
—	Oneida Financial Corp.	74,600	$1.018M	0.1%	$13.65	—	—	Common Stock	682479100
IBCP	Independent Bank Corporation	159,600	$1.004M	0.1%	$6.29	—	—	Common Stock	453838609
—	Jacksonville Bancorp, Inc. (IL)	48,100	$917K	0.1%	$19.06	—	—	Common Stock	46924R106
WTBA	West Bancorporation, Inc.	75,100	$882K	0.1%	$11.74	—	—	Common Stock	95123P106
—	American Residential Properties, Inc.	50,000	$860K	0.1%	$17.20	—	—	Common Stock	02927E303
—	Call - JPM $42.42 Exp 10/28/2018	55,000	$858K	0.1%	$15.60	—	—	Warrants	46634E114
AL	Air Lease Corporation Cl A	30,000	$828K	0.1%	$27.60	—	—	Common Stock	00912X302
—	Camco Financial Corporation	250,000	$820K	0.1%	$3.28	—	—	Common Stock	132618109
TROW	T. Rowe Price Group, Inc.	10,000	$732K	0.1%	$73.20	—	—	Common Stock	74144T108
WSBC	WesBanco, Inc.	25,000	$661K	0.1%	$26.44	—	—	Common Stock	950810101
—	Legg Mason, Inc.	20,000	$620K	0.1%	$31.00	—	—	Common Stock	524901105
MRSH	Marsh & McLennan Companies, Inc.	15,000	$599K	0.1%	$39.93	—	—	Common Stock	571748102
SPY	Put - SPY $160 Exp 09/21/2013	1,000	$560K	0.1%	$560.00	—	—	Put	78462F103
—	New Century Bancorp, Inc.	86,800	$554K	0.1%	$6.38	—	—	Common Stock	64353M100
—	Standard Pacific Corp.	60,000	$500K	0.1%	$8.33	—	—	Common Stock	85375C101
—	Sterling Bancorp	37,900	$440K	0.0%	$11.61	—	—	Common Stock	859158107
—	Athens Bancshares Corporation	22,300	$401K	0.0%	$17.98	—	—	Common Stock	047042106
—	Janus Capital Group Inc.	45,000	$383K	0.0%	$8.51	—	—	Common Stock	47102X105
FMNB	Farmers National Banc Corp.	60,000	$377K	0.0%	$6.28	—	—	Common Stock	309627107
—	Hampton Roads Bankshares, Inc.	280,355	$362K	0.0%	$1.29	—	—	Common Stock	409321502
FBNC	First Bancorp	25,000	$353K	0.0%	$14.12	—	—	Common Stock	318910106
CZWI	Citizens Community Bancorp Inc.	50,200	$351K	0.0%	$6.99	—	—	Common Stock	174903104
—	Fortegra Financial Corporation	51,000	$350K	0.0%	$6.86	—	—	Common Stock	34954W104
—	Lakeland Bancorp, Inc.	30,000	$313K	0.0%	$10.43	—	—	Common Stock	511637100
—	DNB Financial Corporation	17,300	$306K	0.0%	$17.69	—	—	Common Stock	233237106
—	Ply Gem Holdings Inc.	15,000	$301K	0.0%	$20.07	—	—	Common Stock	72941W100
ONB	Old National Bancorp	18,500	$256K	0.0%	$13.84	—	—	Common Stock	680033107
—	Simplicity Bancorp Inc.	14,700	$213K	0.0%	$14.49	—	—	Common Stock	828867101
CAC	Camden National Corporation	5,700	$202K	0.0%	$35.44	—	—	Common Stock	133034108
PHM	PulteGroup, Inc.	10,000	$190K	0.0%	$19.00	—	—	Common Stock	745867101
—	Southcoast Financial Corporation	11,000	$58,000	0.0%	$5.27	—	—	Common Stock	84129R100