Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Boston Private Financial Holdings, Inc.	2,378,363	$29.47M	2.3%	$10.68	—	Common	101119105
EFSC	Enterprise Financial Services Corp	1,570,214	$26.25M	2.0%	$12.58	+15.3%	Common	293712105
EGBN	Eagle Bancorp, Inc.	746,584	$23.76M	1.8%	$16.56	+57.5%	Common	268948106
—	First Midwest Bancorp, Inc.	1,475,110	$23.73M	1.8%	$13.97	—	Common	320867104
—	CoBiz Financial Inc.	2,054,932	$22.97M	1.8%	$8.30	—	Common	190897108
—	State Bank Financial Corporation	1,413,551	$22.96M	1.8%	$15.09	—	Common	856190103
MBWM	Mercantile Bank Corporation	1,192,626	$22.72M	1.7%	$11.47	+13.8%	Common	587376104
—	First NBC Bank	678,583	$22.22M	1.7%	$26.73	—	Common	32115D106
—	Sandy Spring Bancorp Inc.	934,784	$21.4M	1.6%	$22.14	—	Common	800363103
—	Centerstate Banks of Florida, Inc.	1,956,973	$20.25M	1.6%	$9.65	—	Common	15201P109
—	Fidelity Southern Corporation	1,463,329	$20.05M	1.5%	$12.42	—	Common	316394105
—	Suffolk Bancorp	1,023,643	$19.87M	1.5%	$16.34	—	Common	864739107
AMH	American Homes 4 Rent	1,172,000	$19.8M	1.5%	$17.76	—	Common	02665T306
—	MB Financial, Inc.	694,921	$19.23M	1.5%	$26.80	—	Common	55264U108
BANR	Banner Corporation	454,908	$17.5M	1.3%	$21.83	+24.1%	Common	06652V208
CPF	Central Pacific Financial Corp.	964,020	$17.29M	1.3%	$11.35	+6.4%	Common	154760409
BMRC	Bank of Marin Bancorp	375,241	$17.22M	1.3%	$13.89	+19.2%	Common	063425102
WTFC	Wintrust Financial Corporation	383,352	$17.12M	1.3%	$36.77	+26.0%	Common	97650W108
—	Park Sterling Corp.	2,528,730	$16.77M	1.3%	$5.91	—	Common	70086Y105
—	Cambridge Bancorp	359,450	$16.71M	1.3%	$39.20	—	Common	132152109
—	Pacific Continental Corporation	1,262,231	$16.22M	1.2%	$11.80	—	Common	69412V108
—	Southwest Bancorp, Inc.	913,207	$14.98M	1.1%	$14.01	—	Common	844767103
—	Bank Kentucky Financial	320,012	$14.79M	1.1%	$31.96	—	Common	062896105
—	CU Bancorp	779,102	$14.65M	1.1%	$15.80	—	Common	126534106
FRME	First Merchants Corp.	709,280	$14.34M	1.1%	$11.60	+28.3%	Common	320817109
PGC	Peapack-Gladstone Financial Corporation	795,166	$13.91M	1.1%	$15.49	+11.8%	Common	704699107
—	Capital Bank Financial Corp.	570,524	$13.62M	1.0%	$22.79	—	Common	139794101
FBIZ	First Business Financial Services	301,000	$13.21M	1.0%	$10.24	+64.2%	Common	319390100
HTBK	Heritage Commerce Corp	1,568,091	$12.87M	1.0%	$6.76	+21.2%	Common	426927109
—	Stonegate Bank	491,017	$12.64M	1.0%	$17.86	—	Common	861811107
—	Union Bankshares Corporation	545,351	$12.6M	1.0%	$25.42	—	Common	90539J109
—	BSB Bancorp, Inc.	677,812	$12.48M	1.0%	$14.30	—	Common	05573H108
NBHC	National Bank Holdings Corporation	639,700	$12.23M	0.9%	$14.46	+8.9%	Common	633707104
—	Lakeland Bancorp, Inc.	1,228,592	$11.99M	0.9%	$10.98	—	Common	511637100
HFWA	Heritage Financial Corporation	710,212	$11.25M	0.9%	$14.79	+9.6%	Common	42722X106
OSBC	Old Second Bancorp, Inc.	2,329,484	$11.21M	0.9%	$4.40	-0.2%	Common	680277100
—	Heritage Oaks Bancorp	1,573,478	$11.01M	0.8%	$6.17	—	Common	42724R107
—	Heritage Financial Group	532,797	$10.76M	0.8%	$14.97	—	Common	42726X102
SF	Stifel Financial Corp.	226,096	$10.6M	0.8%	$20.11	+37.6%	Common	860630102
—	Old Line Bancshares, Inc.	679,809	$10.52M	0.8%	$13.27	—	Common	67984M100
SYBT	Stock Yards Bancorp, Inc.	349,023	$10.51M	0.8%	$19.95	-0.3%	Common	861025104
—	Codorus Valley Bancorp, Inc.	506,724	$10.36M	0.8%	$19.01	—	Common	192025104
—	First Citizens Bancorporation, Inc.	10,752	$9.915M	0.8%	$635.21	—	Common	319460101
—	Metro Bancorp Inc.	395,856	$9.6M	0.7%	$20.03	—	Common	59161R101
WTBFB	W.T.B. Financial Corporation	49,875	$8.778M	0.7%	$149.88	+16.0%	Common	929334209
—	TriState Capital Holdings, Inc.	952,407	$8.638M	0.7%	$11.59	—	Common	89678F100
—	Central Valley Community Bancorp	752,118	$8.634M	0.7%	$10.08	—	Common	155685100
—	Bridge Capital Holdings	376,509	$8.562M	0.7%	$15.89	—	Common	108030107
TCBI	Texas Capital Bancshares, Inc.	140,772	$8.12M	0.6%	$43.11	+25.0%	Common	88224Q107
BSRR	Sierra Bancorp	483,735	$8.107M	0.6%	$9.06	+24.7%	Common	82620P102
WSBF	Waterstone Financial, Inc.	687,587	$7.942M	0.6%	$10.44	+9.5%	Common	94188P101
QCRH	QCR Holdings, Inc.	435,435	$7.69M	0.6%	$14.97	+9.8%	Common	74727A104
SBCF	Seacoast Banking Corporation of Florida	694,029	$7.586M	0.6%	$11.18	-5.6%	Common	811707801
—	Georgia-Carolina Bancshares, Inc.	344,719	$7.532M	0.6%	$15.91	—	Common	373145101
—	Southern National Bancorp of Virginia,Inc.	637,087	$7.384M	0.6%	$9.78	—	Common	843395104
—	1st Enterprise Bank	274,731	$6.882M	0.5%	$24.99	—	Common	32008C108
—	First Security Group, Inc.	3,265,000	$6.465M	0.5%	$2.15	—	Common	336312202
FBNC	First Bancorp	394,122	$6.314M	0.5%	$12.07	+12.7%	Common	318910106
—	NorthWest Indiana Bancorp	243,244	$6.264M	0.5%	$23.62	—	Common	667516108
—	First Bancshares, Inc.	430,554	$6.222M	0.5%	$14.18	—	Common	318916103
ONB	Old National Bancorp	478,260	$6.203M	0.5%	$13.50	0.0%	Common	680033107
—	FNB Bancorp	221,751	$6.165M	0.5%	$21.47	—	Common	302515101
—	Centrix Bank & Trust	150,450	$6.149M	0.5%	$27.92	—	Common	15640A101
AMBZ	American Business Bank	198,455	$6.093M	0.5%	$23.58	+5.2%	Common	02475L105
—	Chemical Financial Corp.	225,000	$6.05M	0.5%	$27.74	—	Common	163731102
—	Mackinac Financial Corporation	502,509	$5.678M	0.4%	$9.07	—	Common	554571109
—	1st Constitution Bancorp	539,708	$5.532M	0.4%	$9.63	—	Common	31986N102
SFST	Southern First Bancshares, Inc.	389,904	$5.435M	0.4%	$10.90	+27.7%	Common	842873101
—	ViewPoint Financial Group, Inc.	219,072	$5.245M	0.4%	$21.55	—	Common	92672A101
—	Security California Bancorp	492,955	$5.176M	0.4%	$10.70	—	Common	81412M103
—	Hudson Valley Holding Corp.	267,609	$4.857M	0.4%	$18.10	—	Common	444172100
—	Community Financial Corporation	233,700	$4.845M	0.4%	$20.71	—	Common	20368X101
—	Valley Financial Corporation	394,010	$4.827M	0.4%	$11.34	—	Common	919629105
—	Bay Commercial Bank	424,615	$4.819M	0.4%	$9.76	—	Common	072199102
—	First of Long Island Corp.	139,695	$4.812M	0.4%	$33.33	—	Common	320734106
—	Aspen Insurance Holdings Limited	111,712	$4.778M	0.4%	$39.70	—	Common	G05384105
AVBH	Avidbank Holdings, Inc.	417,179	$4.777M	0.4%	$10.58	+8.9%	Common	05368J103
NODB	North Dallas Bank & Trust Co.	80,187	$4.731M	0.4%	$47.53	—	Common	659012108
UNTY	Unity Bancorp, Inc.	485,679	$4.677M	0.4%	$5.76	+21.0%	Common	913290102
HTH	Hilltop Holdings Inc.	227,532	$4.562M	0.3%	$15.00	+37.9%	Common	432748101
—	DCB Financial Corp	600,941	$4.471M	0.3%	$5.63	—	Common	233075100
—	Iberiabank Corp	71,004	$4.438M	0.3%	$53.61	—	Common	450828108
—	Bryn Mawr Bank Corporation	154,952	$4.39M	0.3%	$23.93	—	Common	117665109
OVLY	Oak Valley Bancorp	433,591	$4.349M	0.3%	$8.19	+23.2%	Common	671807105
WTBA	West Bancorporation, Inc.	305,578	$4.318M	0.3%	$11.55	+28.2%	Common	95123P106
—	Yadkin Financial Corporation	237,561	$4.314M	0.3%	$14.04	—	Common	984305102
—	Community Bankers Trust Corporation	982,645	$4.294M	0.3%	$3.98	—	Common	203612106
—	Virginia Heritage Bank	148,738	$4.202M	0.3%	$27.50	—	Common	927819102
—	Charter Financial Corporation	391,719	$4.191M	0.3%	$10.40	—	Common	16122W108
GNW	Genworth Financial, Inc.	319,822	$4.19M	0.3%	$16.23	-10.9%	Common	37247D106
CNOB	ConnectOne Bancorp, Inc.	219,000	$4.172M	0.3%	$15.18	0.0%	Common	20786W107
RVSB	Riverview Bancorp, Inc.	1,035,564	$4.132M	0.3%	$1.91	+54.0%	Common	769397100
—	California Bank of Commerce	332,186	$3.986M	0.3%	$10.80	—	Common	13005C101
—	Palmetto Bancshares, Inc.	277,095	$3.918M	0.3%	$13.00	—	Common	697062206
SHBI	Shore Bancshares, Inc.	411,204	$3.701M	0.3%	$9.34	-4.3%	Common	825107105
—	San Diego Private Bank	274,189	$3.674M	0.3%	$12.45	—	Common	79744Y100
OBT	Orange County Bancorp	91,743	$3.67M	0.3%	$9.89	+0.6%	Common	68417L107
UVSP	Univest Corporation of Pennsylvania	192,361	$3.607M	0.3%	$18.34	+6.1%	Common	915271100
—	First Virginia Community Bank	240,000	$3.6M	0.3%	$14.25	—	Common	337480107
FMNB	Farmers National Banc Corp.	438,850	$3.506M	0.3%	$4.33	+22.8%	Common	309627107
—	John Marshall Bank	190,000	$3.458M	0.3%	$18.25	—	Common	47804G103
—	Intermountain Community Bancorp	184,368	$3.455M	0.3%	$13.30	—	Common	45881M308
VABK	Virginia National Bankshares Corp.	146,909	$3.427M	0.3%	$17.96	+23.0%	Common	928031103
—	Southeastern Bank Financial Corporation	139,789	$3.411M	0.3%	$19.75	—	Common	841584105
—	Greater Sacramento Bancorp	199,116	$3.385M	0.3%	$15.87	—	Common	39233Q109
—	Valley Commerce Bancorp	224,219	$3.345M	0.3%	$12.86	—	Common	919518100
ISTR	Investar Holding	250,000	$3.325M	0.3%	$14.00	-0.4%	Common	46134L105
—	SVB Financial Group	29,600	$3.318M	0.3%	$83.31	—	Common	78486Q101
—	MainSource Financial Group, Inc.	190,938	$3.294M	0.3%	$13.89	—	Common	56062Y102
PSBQ	PSB Holdings, Inc.	97,079	$3.281M	0.3%	$9.64	+14.8%	Common	69360N108
BWFG	Bankwell Financial Group, Inc.	171,300	$3.25M	0.2%	$15.80	-7.8%	Common	06654A103
BANC	Banc of California, Inc.	279,194	$3.247M	0.2%	$9.14	-4.4%	Common	05990K106
—	Westfield Financial Inc.	459,026	$3.241M	0.2%	$7.43	—	Common	96008P104
HIFS	Hingham Institution for Savings	39,652	$3.234M	0.2%	$55.69	+27.8%	Common	433323102
—	United Financial Bancorp, Inc.	248,287	$3.151M	0.2%	$13.20	—	Common	910304104
BHB	Bar Harbor Bankshares	108,008	$3.125M	0.2%	$10.17	+21.8%	Common	066849100
—	First United Bancorp	365,042	$3.11M	0.2%	$6.72	—	Common	33740N105
IBCP	Independent Bank Corporation	258,900	$3.086M	0.2%	$5.76	+47.6%	Common	453838609
SFBS	ServisFirst Bancshares, Inc.	105,600	$3.041M	0.2%	$12.39	+0.4%	Common	81768T108
FXNC	First National Corporation	364,474	$2.989M	0.2%	$5.09	+25.2%	Common	32106V107
—	Fauquier Bancshares, Inc.	182,128	$2.961M	0.2%	$12.37	—	Common	312059108
AUBN	Auburn National Bancorporation, Inc.	118,226	$2.913M	0.2%	$14.50	+12.3%	Common	050473107
ACIC	United Insurance Holdings Corp.	193,369	$2.901M	0.2%	$10.63	+12.7%	Common	910710102
—	Century Bancorp, Inc.	83,688	$2.897M	0.2%	$34.44	—	Common	156432106
—	Square 1 Financial, Inc.	150,000	$2.885M	0.2%	$19.01	—	Common	85223W101
—	FCB Financial Holdings, Inc.	126,400	$2.871M	0.2%	$22.71	—	Common	30255G103
—	Northeast Community Bancorp, Inc.	414,307	$2.871M	0.2%	$6.32	—	Common	664112109
PEBO	Peoples Bancorp Inc.	120,000	$2.85M	0.2%	$24.38	0.0%	Common	709789101
—	River Valley Bancorp	132,500	$2.842M	0.2%	$21.45	—	Common	768475105
—	Enterprise Bancorp, Inc.	148,661	$2.801M	0.2%	$18.49	—	Common	293668109
—	Talmer Bancorp, Inc.	200,000	$2.766M	0.2%	$14.64	—	Common	87482X101
—	Guaranty Federal Bancshares, Inc.	225,000	$2.756M	0.2%	$12.76	—	Common	40108P101
SAMG	Silvercrest Asset Management Group Inc.	200,000	$2.724M	0.2%	$15.04	+6.5%	Common	828359109
—	MBT Financial Corp.	566,536	$2.708M	0.2%	$4.91	—	Common	578877102
—	Cardinal Financial Corporation	155,030	$2.646M	0.2%	$15.14	—	Common	14149F109
FRBKQ	Republic First Bancorp, Inc.	670,900	$2.61M	0.2%	$2.90	+56.1%	Common	760416107
CBKM	Consumers Bancorp, Inc.	136,792	$2.531M	0.2%	$13.41	-1.2%	Common	210509105
ORRF	Orrstown Financial Services, Inc	153,979	$2.511M	0.2%	$11.18	+5.8%	Common	687380105
—	Monarch Community Bancorp Inc.	850,000	$2.465M	0.2%	$2.70	—	Common	609045208
OCFC	OceanFirst Financial Corp.	154,627	$2.46M	0.2%	$9.27	+18.6%	Common	675234108
FCCO	First Community Corporation	228,509	$2.431M	0.2%	$6.90	+17.4%	Common	319835104
—	First Security, Inc.	83,942	$2.379M	0.2%	$28.50	—	Common	336327101
PKBK	Parke Bancorp, Inc.	224,972	$2.373M	0.2%	$4.28	+57.2%	Common	700885106
—	Beneficial Mutual Bancorp, Inc.	184,505	$2.358M	0.2%	$8.54	—	Common	08173R104
FRBA	First Bank	375,000	$2.306M	0.2%	$5.37	+0.2%	Common	31931U102
—	Access National Corporation	137,764	$2.236M	0.2%	$13.05	—	Common	004337101
—	First Community Financial Partners, Inc.	458,032	$2.166M	0.2%	$4.41	—	Common	31985Q106
—	Xenith Bankshares, Inc.	341,159	$2.16M	0.2%	$6.10	—	Common	98410X105
—	Blackhawk Bancorp, Inc.	138,744	$2.151M	0.2%	$8.71	—	Common	09237E204
—	CommerceWest Bank	152,444	$2.134M	0.2%	$12.25	—	Common	20084T103
—	Bank of Commerce Holdings	346,821	$2.129M	0.2%	$5.04	—	Common	06424J103
—	Federated National Holding Company	74,000	$2.079M	0.2%	$21.62	—	Common	31422T101
BFC	Bank First National Corporation	98,602	$2.045M	0.2%	$16.18	+4.5%	Common	06211J100
—	Chicopee Bancorp, Inc.	135,730	$2.028M	0.2%	$16.90	—	Common	168565109
—	National General Holdings Corporation	120,000	$2.027M	0.2%	$14.00	—	Common	636220303
QNBC	QNB Corp.	74,487	$2.011M	0.2%	$24.55	+8.9%	Common	74726N107
PEBK	Peoples Bancorp of North Carolina, Inc.	118,130	$2.003M	0.2%	$11.61	+29.8%	Common	710577107
—	Premier Commercial Bancorp	455,151	$1.994M	0.2%	$4.38	—	Common	74048M100
FNLC	The First Bancorp, Inc.	115,000	$1.917M	0.1%	$9.14	+6.7%	Common	31866P102
—	Guaranty Bancorp	140,942	$1.904M	0.1%	$11.35	—	Common	40075T607
DHIL	Diamond Hill Investment Group, Inc.	15,288	$1.881M	0.1%	$41.91	+67.3%	Common	25264R207
—	Clifton Bancorp Inc.	148,332	$1.867M	0.1%	$11.72	—	Common	186873105
—	Carolina Trust Bank	371,214	$1.838M	0.1%	$3.48	—	Common	144200102
UCB	United Community Banks, Inc.	111,604	$1.837M	0.1%	$16.74	-0.6%	Common	90984P303
—	Independent Bank Group, Inc	38,500	$1.827M	0.1%	$30.40	—	Common	45384B106
—	Southcoast Financial Corporation	255,080	$1.811M	0.1%	$6.16	—	Common	84129R100
—	HopFed Bancorp, Inc.	157,300	$1.809M	0.1%	$10.80	—	Common	439734104
—	Ameriana Bancorp	117,283	$1.789M	0.1%	$14.08	—	Common	023613102
CZFS	Citizens Financial Services	33,555	$1.778M	0.1%	$34.74	+1.8%	Common	174615104
—	Bridge Bancorp Inc.	75,024	$1.774M	0.1%	$24.92	—	Common	108035106
—	Presidio Bank	147,600	$1.771M	0.1%	$11.85	—	Common	74101A100
ABCB	Ameris Bancorp	80,551	$1.768M	0.1%	$13.28	+45.3%	Common	03076K108
—	First Defiance Financial Corp.	64,463	$1.741M	0.1%	$22.60	—	Common	32006W106
—	1st Capital Bank	144,382	$1.733M	0.1%	$11.42	—	Common	31944C107
—	Community Bank of Santa Maria	183,681	$1.727M	0.1%	$7.35	—	Common	203598107
—	Baylake Corp.	141,600	$1.708M	0.1%	$10.16	—	Common	072788102
—	American Riviera Bank	173,879	$1.695M	0.1%	$9.90	—	Common	02932A106
FNRN	First Northern Community Bancorp	223,695	$1.689M	0.1%	$5.51	+4.2%	Common	335925103
—	Sussex Bancorp	167,888	$1.676M	0.1%	$9.98	—	Common	869245100
LFGP	Ledyard Financial Group, Inc.	33,020	$1.651M	0.1%	$14.06	+12.0%	Common	523338101
—	Carter Bank & Trust	140,652	$1.646M	0.1%	$11.70	—	Common	146102108
TRVR	Two Rivers Financial Group, Inc.	72,487	$1.613M	0.1%	$16.71	+3.9%	Common	90206L106
—	Illini Corporation	35,432	$1.565M	0.1%	$42.68	—	Common	45177K206
—	LSB Financial Corp.	38,767	$1.558M	0.1%	$36.51	—	Common	501925101
QNTO	Quaint Oak Bancorp	86,500	$1.553M	0.1%	$8.01	+7.7%	Common	74732T106
—	Lake Shore Bancorp	123,154	$1.552M	0.1%	$11.77	—	Common	510700107
—	SBM Financial - Maine	18,000	$1.543M	0.1%	$86.50	—	Common	78404H100
—	Capital Pacific Bancorp	163,267	$1.518M	0.1%	$9.03	—	Common	14042V102
WBBW	Westbury Bancorp, Inc.	99,800	$1.502M	0.1%	$14.58	+3.6%	Common	95727P106
—	Royal Financial, Inc.	184,982	$1.471M	0.1%	$5.28	—	Common	78027P109
LKFN	Lakeland Financial Corporation	39,092	$1.466M	0.1%	$13.19	+43.9%	Common	511656100
FISI	Financial Institutions, Inc.	64,485	$1.45M	0.1%	$13.96	+3.5%	Common	317585404
—	Eastern Virginia Bankshares, Inc.	224,800	$1.398M	0.1%	$5.00	—	Common	277196101
—	NI Bancshares Corporation	35,201	$1.372M	0.1%	$39.00	—	Common	62913U109
—	People's Bank of Commerce	144,800	$1.361M	0.1%	$9.69	—	Common	710311101
—	Puget Sound Bank	96,487	$1.341M	0.1%	$12.94	—	Common	74531Y108
—	Community Southern Holdings, Inc.	163,589	$1.333M	0.1%	$8.23	—	Common	20405E108
WASH	Washington Trust Bancorp, Inc.	39,875	$1.315M	0.1%	$19.88	+0.3%	Common	940610108
—	ESSA Bancorp, Inc.	116,286	$1.314M	0.1%	$10.96	—	Common	29667D104
—	Northwest Bancorporation, Inc.	163,451	$1.295M	0.1%	$7.52	—	Common	667337109
—	SBT Bancorp, Inc.	58,935	$1.279M	0.1%	$28.13	—	Common	78391C106
—	Heritage Bankshares, Inc.	83,390	$1.277M	0.1%	$13.53	—	Common	42721M101
—	SouthCrest Financial Group, Inc.	251,400	$1.254M	0.1%	$5.41	—	Common	84129X107
—	Midsouth Bancorp, Inc.	66,622	$1.246M	0.1%	$15.53	—	Common	598039105
—	American River Bankshares	132,333	$1.211M	0.1%	$8.22	—	Common	029326105
—	Select Bancorp, Inc.	160,767	$1.198M	0.1%	$6.62	—	Common	81617L108
—	North Valley Bancorp	54,191	$1.169M	0.1%	$16.55	—	Common	66304M204
—	Cornerstone Bancshares, Inc.	389,406	$1.168M	0.1%	$2.01	—	Common	218924108
MFGI	Merchants Financial Group, Inc.	30,881	$1.166M	0.1%	$8.54	+7.2%	Common	588538108
CSHX	Cashmere Valley Bank	34,438	$1.162M	0.1%	$23.70	-1.5%	Common	14756K102
FGFH	Foresight Financial Group, Inc.	59,675	$1.146M	0.1%	$15.59	+3.2%	Common	345526107
EFSI	Eagle Financial Services Inc.	47,612	$1.126M	0.1%	$14.66	+7.5%	Common	26951R104
FCOB	1st Colonial Bancorp	192,055	$1.125M	0.1%	$5.23	+0.7%	Common	319716106
HFBL	Home Federal Bancorp, Inc. of Louisiana	57,425	$1.105M	0.1%	$8.63	+10.4%	Common	43708L108
—	Independent Alliance Banks, Inc.	47,413	$1.105M	0.1%	$23.49	—	Common	45380E104
—	DNB Financial Corporation	51,292	$1.1M	0.1%	$17.76	—	Common	233237106
—	West Suburban Bancorp, Inc.	3,153	$1.092M	0.1%	$334.00	—	Common	956152409
—	HomeTown Bankshares Corporation	171,618	$1.081M	0.1%	$6.25	—	Common	43787N108
BKOR	Oak Ridge Financial Services, Inc.	147,739	$1.078M	0.1%	$6.60	—	Common	671768109
—	PrivateBancorp, Inc.	35,500	$1.062M	0.1%	$29.19	—	Common	742962103
—	MainStreet Bank	129,751	$1.038M	0.1%	$8.48	—	Common	56064A102
—	Peoples Federal Bancshares, Inc.	50,980	$1.02M	0.1%	$20.01	—	Common	711037101
—	Northway Financial, Inc.	49,809	$1.006M	0.1%	$19.59	—	Common	667270201
TCBK	TriCo Bancshares	44,000	$995K	0.1%	$18.87	+21.6%	Common	896095106
—	Bank of Santa Clarita	109,891	$989K	0.1%	$9.16	—	Common	06424K100
GLBZ	Glen Burnie Bancorp	70,849	$894K	0.1%	$7.75	+7.9%	Common	377407101
—	WashingtonFirst Bankshares, Inc.	58,632	$879K	0.1%	$11.48	—	Common	940730104
MBCN	Middlefield Banc Corp.	25,963	$879K	0.1%	$9.86	+11.1%	Common	596304204
SOMC	Southern Michigan Bancorp Inc.	42,100	$842K	0.1%	$6.53	+7.6%	Common	84336P103
—	Flagstar Bancorp, Inc.	49,600	$835K	0.1%	$18.46	—	Common	337930705
—	PSB Holdings	105,486	$768K	0.1%	$5.61	—	Common	69360W108
RCBC	River City Bank	6,852	$767K	0.1%	$9.85	+12.5%	Common	76803X106
—	Fentura Financial, Inc.	77,337	$755K	0.1%	$10.25	—	Common	314645102
—	BankFinancial Corporation	71,772	$745K	0.1%	$10.59	—	Common	06643P104
—	Aquesta Financial Holdings, Inc.	82,724	$709K	0.1%	$8.64	—	Common	03842L109
—	First America Holdings Corporation	106,250	$691K	0.1%	$5.00	—	Common	318476108
—	North State Bancorp	110,478	$685K	0.1%	$5.58	—	Common	662585108
—	Cordia Bancorp Inc.	188,235	$674K	0.1%	$3.58	—	Common	218513109
—	Salisbury Bancorp, Inc.	24,606	$663K	0.1%	$26.07	—	Common	795226109
—	Atlantic Coast Financial Corporation	158,700	$647K	0.0%	$4.33	—	Common	048426100
—	Town and Country Financial Corporation	57,014	$639K	0.0%	$10.34	—	Common	892039108
—	First Capital Bancorp, Inc.	141,514	$630K	0.0%	$3.94	—	Common	319438107
—	Fox Chase Bancorp, Inc.	38,429	$627K	0.0%	$16.99	—	Common	35137T108
PFBC	Preferred Bank	27,600	$622K	0.0%	$16.93	+37.6%	Common	740367404
CYFL	Century Financial Corporation	48,512	$611K	0.0%	$8.84	-1.1%	Common	15652L102
BAOB	Baraboo Bancorporation, Inc.	268,094	$603K	0.0%	$1.26	+25.7%	Common	067021105
—	Jacksonville Bancorp, Inc.	53,850	$581K	0.0%	$12.61	—	Common	469249205
—	Coastal Banking Co., Inc.	64,796	$577K	0.0%	$8.28	—	Common	19041N100
PBNK	Pinnacle Bank	78,240	$571K	0.0%	$5.78	+11.5%	Common	72346K107
—	BancorpSouth, Inc.	28,200	$568K	0.0%	$17.70	—	Common	059692103
—	Idaho Independent Bank	79,488	$563K	0.0%	$7.14	—	Common	45129P105
SSBI	Summit State Bank	43,000	$558K	0.0%	$4.89	+35.1%	Common	866264203
CBOE	CBOE Holdings	10,000	$535K	0.0%	$33.33	+32.3%	Common	12503M108
INDB	Independent Bank Corp.	14,793	$528K	0.0%	$26.21	+2.3%	Common	453836108
—	Pacific Premier Bancorp, Inc.	37,400	$525K	0.0%	$12.22	—	Common	69478X105
PGNN	Paragon Financial Solutions, Inc.	85,518	$505K	0.0%	$5.87	+1.3%	Common	69912S100
—	Lighthouse Bank	42,179	$504K	0.0%	$11.70	—	Common	53223T106
—	Commerce Union Bancshares, Inc.	39,600	$495K	0.0%	$13.01	—	Common	200828101
—	Sun Bancorp, Inc.	24,380	$442K	0.0%	$4.01	—	Common	86663B102
CCBG	Capital City Bank Group, Inc.	32,400	$439K	0.0%	$10.54	+5.6%	Common	139674105
—	First Financial Service Corporation	115,338	$426K	0.0%	$3.39	—	Common	32022D108
CCNE	CNB Financial Corporation	26,567	$417K	0.0%	$11.22	+5.4%	Common	126128107
FNB	F.N.B. Corporation	32,968	$395K	0.0%	$8.00	0.0%	Common	302520101
EMYB	Embassy Bancorp, Inc.	45,000	$392K	0.0%	$6.66	+8.9%	Common	290791102
MVLY	Mission Valley Bancorp	59,835	$359K	0.0%	$5.85	-1.3%	Common	60520E104
—	Old Point Financial Corporation	21,927	$323K	0.0%	$13.10	—	Common	680194107
—	Malvern Bancorp, Inc.	28,198	$321K	0.0%	$10.25	—	Common	561409103
—	First Financial Northwest, Inc.	28,200	$288K	0.0%	$10.89	—	Common	32022K102
—	Cornerstone Financial	93,071	$270K	0.0%	$2.51	—	Common	21925G102
—	Kearny Financial Corp.	20,200	$269K	0.0%	$10.50	—	Common	487169104
NFBK	Northfield Bancorp, Inc.	18,447	$251K	0.0%	$7.68	+17.3%	Common	66611T108
—	Carolina Bank Holdings, Inc.	22,500	$223K	0.0%	$10.27	—	Common	143785103
CCFN	CCFNB Bancorp Inc.	6,000	$222K	0.0%	$21.81	+5.4%	Common	124880105
—	Centerpointe Community Bank	31,200	$220K	0.0%	$6.96	—	Common	15200G100
—	Pinnacle Financial Partners, Inc.	5,629	$203K	0.0%	$27.73	—	Common	72346Q104
—	HMN Financial	15,000	$198K	0.0%	$9.87	—	Common	40424G108
—	Focus Business Bank	19,079	$181K	0.0%	$9.49	—	Common	34415X105
—	Bank of Napa, N.A.	21,500	$172K	0.0%	$8.28	—	Common	063770101
—	Bancorp of New Jersey, Inc.	10,000	$113K	0.0%	$11.30	—	Common	059915108
—	Howard Bancorp, Inc.	10,187	$105K	0.0%	$11.29	—	Common	442496105
—	First Busey Corporation	14,700	$82,000	0.0%	$5.58	—	Common	319383105
ORPB	Oregon Pacific Bancorp	21,659	$65,000	0.0%	$3.45	-15.3%	Common	686040205
—	CBOE Holdings - Put short position	100	$9,000	0.0%	—	—	Put	12503M958