Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	State Bank Financial Corporation	1,702,279	$35.75M	2.4%	$16.08	—	Common	856190103
EFSC	Enterprise Financial Services Corp	1,632,141	$33.72M	2.2%	$12.68	+31.0%	Common	293712105
—	Sandy Spring Bancorp Inc.	1,129,075	$29.62M	1.9%	$22.83	—	Common	800363103
PGC	Peapack-Gladstone Financial Corp.	1,324,019	$28.6M	1.9%	$15.94	+12.6%	Common	704699107
—	Boston Private Financial Holdings, Inc.	2,273,363	$27.62M	1.8%	$10.70	—	Common	101119105
—	CU Bancorp	1,135,614	$25.84M	1.7%	$18.04	—	Common	126534106
—	First Midwest Bancorp, Inc.	1,475,110	$25.62M	1.7%	$13.97	—	Common	320867104
—	CoBiz Financial Inc.	2,079,373	$25.62M	1.7%	$8.36	—	Common	190897108
—	Suffolk Bancorp	1,065,163	$25.31M	1.7%	$16.61	—	Common	864739107
EGBN	Eagle Bancorp, Inc.	642,826	$24.68M	1.6%	$17.07	+63.1%	Common	268948106
—	CenterState Banks, Inc.	2,035,273	$24.24M	1.6%	$9.74	—	Common	15201P109
—	Fidelity Southern Corporation	1,433,329	$24.2M	1.6%	$12.42	—	Common	316394105
MBWM	Mercantile Bank Corporation	1,235,325	$24.15M	1.6%	$11.52	+12.6%	Common	587376104
CPF	Central Pacific Financial Corp.	999,666	$22.96M	1.5%	$11.43	+29.1%	Common	154760409
—	First NBC Bank	678,583	$22.38M	1.5%	$26.73	—	Common	32115D106
—	MB Financial, Inc.	688,021	$21.54M	1.4%	$26.80	—	Common	55264U108
—	Pacific Continental Corporation	1,590,152	$21.02M	1.4%	$12.12	—	Common	69412V108
BANR	Banner Corporation	454,908	$20.88M	1.4%	$21.83	+38.1%	Common	06652V208
—	TriState Capital Holdings, Inc.	1,915,077	$20.05M	1.3%	$11.00	—	Common	89678F100
—	Park Sterling Corp.	2,518,730	$17.88M	1.2%	$5.91	—	Common	70086Y105
WTFC	Wintrust Financial Corporation	373,352	$17.8M	1.2%	$36.77	+25.7%	Common	97650W108
BMRC	Bank of Marin Bancorp	339,479	$17.28M	1.1%	$13.89	+31.4%	Common	063425102
—	Cambridge Bancorp	384,026	$17.01M	1.1%	$39.56	—	Common	132152109
FRME	First Merchants Corp.	709,280	$16.7M	1.1%	$11.60	+44.5%	Common	320817109
—	Capital Bank Financial Corp.	595,524	$16.44M	1.1%	$22.96	—	Common	139794101
—	Southwest Bancorp, Inc.	922,007	$16.4M	1.1%	$14.01	—	Common	844767103
—	Lakeland Bancorp, Inc.	1,313,192	$15.1M	1.0%	$11.02	—	Common	511637100
—	Stonegate Bank	491,017	$14.82M	1.0%	$17.86	—	Common	861811107
FBIZ	First Business Financial Services	337,064	$14.57M	1.0%	$10.96	+56.2%	Common	319390100
—	BSB Bancorp, Inc.	735,546	$14.55M	1.0%	$14.71	—	Common	05573H108
HFWA	Heritage Financial Corporation	843,912	$14.35M	0.9%	$15.03	+8.7%	Common	42722X106
HTBK	Heritage Commerce Corp	1,568,091	$14.32M	0.9%	$6.76	+28.5%	Common	426927109
OSBC	Old Second Bancorp, Inc.	2,475,284	$14.16M	0.9%	$4.40	+13.3%	Common	680277100
—	Heritage Financial Group	517,377	$14.09M	0.9%	$15.71	—	Common	42726X102
—	Heritage Oaks Bancorp	1,573,478	$13.08M	0.9%	$6.17	—	Common	42724R107
—	Union Bankshares Corporation	580,351	$12.89M	0.8%	$25.23	—	Common	90539J109
AMH	American Homes 4 Rent	777,800	$12.87M	0.8%	$17.76	—	Common	02665T306
SF	Stifel Financial Corp.	216,096	$12.05M	0.8%	$20.11	+52.5%	Common	860630102
NBHC	National Bank Holdings Corporation	639,700	$12.03M	0.8%	$14.46	+2.4%	Common	633707104
—	Metro Bancorp Inc.	402,556	$11.1M	0.7%	$20.16	—	Common	59161R101
—	Codorus Valley Bancorp, Inc.	544,180	$11.05M	0.7%	$19.06	—	Common	192025104
WTBFB	W.T.B. Financial Corporation	57,429	$10.87M	0.7%	$153.84	+18.1%	Common	929334209
—	Old Line Bancshares, Inc.	681,496	$10.77M	0.7%	$13.30	—	Common	67984M100
PEBO	Peoples Bancorp Inc.	441,931	$10.45M	0.7%	$24.08	-0.6%	Common	709789101
SBCF	Seacoast Banking Corporation of Florida	694,029	$9.904M	0.7%	$11.18	+18.2%	Common	811707801
SYBT	Stock Yards Bancorp, Inc.	287,423	$9.896M	0.7%	$19.95	+9.4%	Common	861025104
—	Bank Kentucky Financial	200,512	$9.835M	0.6%	$31.96	—	Common	062896105
SFST	Southern First Bancshares, Inc.	553,891	$9.416M	0.6%	$12.29	+39.6%	Common	842873101
WSBF	Waterstone Financial, Inc.	723,107	$9.285M	0.6%	$10.53	+22.5%	Common	94188P101
—	Bridge Capital Holdings	336,509	$8.786M	0.6%	$15.89	—	Common	108030107
—	Valley Financial Corporation	429,480	$8.731M	0.6%	$12.05	—	Common	919629105
—	Central Valley Community Bancorp	771,600	$8.472M	0.6%	$10.10	—	Common	155685100
BSRR	Sierra Bancorp	483,735	$8.078M	0.5%	$9.06	+26.2%	Common	82620P102
QCRH	QCR Holdings, Inc.	450,835	$8.047M	0.5%	$15.04	+11.8%	Common	74727A104
FBNC	First Bancorp	450,164	$7.905M	0.5%	$12.31	+13.6%	Common	318910106
—	First Security Group, Inc.	3,265,000	$7.836M	0.5%	$2.15	—	Common	336312202
—	Talmer Bancorp, Inc.	509,200	$7.796M	0.5%	$15.05	—	Common	87482X101
—	Southern National Bancorp of Virginia,Inc.	637,087	$7.581M	0.5%	$9.78	—	Common	843395104
—	First Bancshares, Inc.	455,967	$7.414M	0.5%	$14.23	—	Common	318916103
AMBZ	American Business Bank	264,219	$7.292M	0.5%	$24.51	+13.0%	Common	02475L105
SAMG	Silvercrest Asset Management Group Inc.	484,258	$6.901M	0.5%	$14.64	-2.9%	Common	828359109
—	1st Constitution Bancorp	602,386	$6.861M	0.5%	$9.81	—	Common	31986N102
—	NorthWest Indiana Bancorp	243,951	$6.672M	0.4%	$23.62	—	Common	667516108
—	FNB Bancorp	232,837	$6.426M	0.4%	$21.77	—	Common	302515101
—	Security California Bancorp	492,955	$6.285M	0.4%	$10.70	—	Common	81412M103
WTBA	West Bancorporation, Inc.	305,578	$6.078M	0.4%	$11.55	+51.2%	Common	95123P106
—	Avenue Financial Holdings, Inc.	485,000	$6.067M	0.4%	$12.51	—	Common	05358K102
—	Mackinac Financial Corporation	516,707	$5.885M	0.4%	$9.15	—	Common	554571109
NODB	North Dallas Bank & Trust Co.	82,687	$5.623M	0.4%	$48.15	—	Common	659012108
—	First of Long Island Corp.	217,043	$5.535M	0.4%	$31.46	—	Common	320734106
—	Southeastern Bank Financial Corporation	196,088	$5.451M	0.4%	$22.04	—	Common	841584105
—	Bay Commercial Bank	469,010	$5.441M	0.4%	$9.95	—	Common	072199102
—	Palmetto Bancshares, Inc.	279,343	$5.308M	0.3%	$13.00	—	Common	697062206
—	Community Financial Corporation	265,032	$5.301M	0.3%	$20.63	—	Common	20368X101
—	Aspen Insurance Holdings Limited	111,712	$5.276M	0.3%	$39.70	—	Common	G05384105
—	Community Bankers Trust Corporation	1,205,745	$5.269M	0.3%	$4.06	—	Common	203612106
—	CommerceWest Bank	389,102	$5.117M	0.3%	$12.79	—	Common	20084T103
AVBH	Avidbank Holdings, Inc.	417,179	$5.11M	0.3%	$10.58	+16.0%	Common	05368J103
UNTY	Unity Bancorp, Inc.	559,130	$5.077M	0.3%	$5.95	+19.8%	Common	913290102
OBT	Orange County Bancorp	113,043	$5.03M	0.3%	$10.06	+7.7%	Common	68417L107
CNOB	ConnectOne Bancorp, Inc.	252,700	$4.918M	0.3%	$15.11	-2.6%	Common	20786W107
SHBI	Shore Bancshares, Inc.	525,725	$4.826M	0.3%	$9.32	-0.8%	Common	825107105
—	Yadkin Financial Corporation	237,561	$4.822M	0.3%	$14.04	—	Common	984305102
—	Charter Financial Corporation	416,395	$4.789M	0.3%	$10.46	—	Common	16122W108
—	Bryn Mawr Bank Corporation	154,952	$4.712M	0.3%	$23.93	—	Common	117665109
—	DCB Financial Corp	645,941	$4.683M	0.3%	$5.73	—	Common	233075100
RVSB	Riverview Bancorp, Inc.	1,035,564	$4.66M	0.3%	$1.91	+79.9%	Common	769397100
FCCO	First Community Corporation	398,019	$4.641M	0.3%	$7.47	+16.8%	Common	319835104
HIFS	Hingham Institution for Savings	46,266	$4.58M	0.3%	$58.20	+40.0%	Common	433323102
—	LegacyTexas Financial Group, Inc.	199,072	$4.525M	0.3%	$22.73	—	Common	52471Y106
ABCB	Ameris Bancorp	170,551	$4.501M	0.3%	$17.91	+23.1%	Common	03076K108
—	MBT Financial Corp.	789,158	$4.427M	0.3%	$5.00	—	Common	578877102
HTH	Hilltop Holdings Inc.	227,532	$4.423M	0.3%	$15.00	+26.8%	Common	432748101
ACIC	United Insurance Holdings Corp.	193,369	$4.351M	0.3%	$10.63	+71.8%	Common	910710102
—	Hudson Valley Holding Corp.	168,909	$4.317M	0.3%	$18.10	—	Common	444172100
OVLY	Oak Valley Bancorp	435,753	$4.297M	0.3%	$8.19	+22.4%	Common	671807105
—	Chemical Financial Corp.	136,345	$4.276M	0.3%	$27.74	—	Common	163731102
ISTR	Investar Holding	250,000	$4.275M	0.3%	$14.00	+6.4%	Common	46134L105
—	Cardinal Financial Corporation	213,202	$4.26M	0.3%	$16.46	—	Common	14149F109
—	California Bank of Commerce	333,986	$4.225M	0.3%	$10.80	—	Common	13005C101
—	San Diego Private Bank	278,374	$4.078M	0.3%	$12.48	—	Common	79744Y100
—	Baylake Corp.	321,868	$4.075M	0.3%	$11.53	—	Common	072788102
SFBS	ServisFirst Bancshares, Inc.	120,600	$3.979M	0.3%	$12.46	+8.9%	Common	81768T108
—	Sussex Bancorp	353,488	$3.977M	0.3%	$10.62	—	Common	869245100
—	First Virginia Community Bank	240,000	$3.912M	0.3%	$14.25	—	Common	337480107
—	United Financial Bancorp, Inc.	312,235	$3.881M	0.3%	$13.44	—	Common	910304104
—	MainSource Financial Group, Inc.	195,938	$3.848M	0.3%	$14.04	—	Common	56062Y102
—	Iberiabank Corp	61,004	$3.845M	0.3%	$53.61	—	Common	450828108
OCFC	OceanFirst Financial Corp.	221,451	$3.824M	0.3%	$9.84	+15.6%	Common	675234108
—	FCB Financial Holdings, Inc.	136,871	$3.746M	0.2%	$23.07	—	Common	30255G103
—	Valley Commerce Bancorp	239,914	$3.716M	0.2%	$13.03	—	Common	919518100
FCNCA	First Citizens BancShares, Inc.	14,301	$3.714M	0.2%	$233.09	+1.9%	Common	31946M103
FXNC	First National Corporation	364,474	$3.608M	0.2%	$5.09	+42.9%	Common	32106V107
—	MainStreet Bank	383,726	$3.607M	0.2%	$8.80	—	Common	56064A102
—	Westfield Financial Inc.	465,393	$3.597M	0.2%	$7.43	—	Common	96008P104
BHB	Bar Harbor Bankshares	108,008	$3.516M	0.2%	$10.17	+43.6%	Common	066849100
—	SBM Financial - Maine	18,000	$3.51M	0.2%	$86.50	—	Common	78404H100
—	Square 1 Financial, Inc.	129,000	$3.453M	0.2%	$19.01	—	Common	85223W101
—	Northeast Community Bancorp, Inc.	489,307	$3.381M	0.2%	$6.46	—	Common	664112109
—	Guaranty Federal Bancshares, Inc.	230,000	$3.337M	0.2%	$12.79	—	Common	40108P101
—	John Marshall Bank	190,000	$3.335M	0.2%	$18.25	—	Common	47804G103
FMNB	Farmers National Banc Corp.	406,150	$3.326M	0.2%	$4.42	+24.7%	Common	309627107
PSBQ	PSB Holdings, Inc.	83,079	$3.323M	0.2%	$9.64	+30.2%	Common	69360N108
—	Century Bancorp, Inc.	83,688	$3.322M	0.2%	$34.44	—	Common	156432106
BWFG	Bankwell Financial Group, Inc.	171,300	$3.299M	0.2%	$15.80	-1.2%	Common	06654A103
—	First Community Financial Partners, Inc.	598,508	$3.274M	0.2%	$4.62	—	Common	31985Q106
VABK	Virginia National Bankshares Corp.	146,909	$3.195M	0.2%	$17.96	+18.1%	Common	928031103
—	Carter Bank & Trust	233,558	$3.074M	0.2%	$12.17	—	Common	146102108
—	Fauquier Bancshares, Inc.	183,960	$3.072M	0.2%	$12.41	—	Common	312059108
—	Enterprise Bancorp, Inc.	143,461	$3.049M	0.2%	$18.49	—	Common	293668109
—	Manning & Napier, Inc.	233,003	$3.031M	0.2%	$13.01	—	Common	56382Q102
—	River Valley Bancorp	139,597	$3.025M	0.2%	$21.44	—	Common	768475105
ORRF	Orrstown Financial Services, Inc	175,227	$2.996M	0.2%	$11.32	+9.4%	Common	687380105
AUBN	Auburn National Bancorporation, Inc.	120,094	$2.984M	0.2%	$14.50	+14.6%	Common	050473107
—	Lake Shore Bancorp	217,427	$2.979M	0.2%	$12.61	—	Common	510700107
BFC	Bank First National Corporation	121,356	$2.846M	0.2%	$16.55	+13.5%	Common	06211J100
PKBK	Parke Bancorp, Inc.	224,972	$2.835M	0.2%	$4.28	+61.0%	Common	700885106
—	Veritex Holdings, Inc.	201,250	$2.811M	0.2%	$14.17	—	Common	923451108
UVSP	Univest Corporation of Pennsylvania	141,947	$2.809M	0.2%	$18.34	+5.0%	Common	915271100
—	Premier Commercial Bancorp	483,998	$2.807M	0.2%	$4.40	—	Common	74048M100
—	Chicopee Bancorp, Inc.	153,730	$2.59M	0.2%	$16.88	—	Common	168565109
—	Access National Corporation	137,764	$2.582M	0.2%	$13.05	—	Common	004337101
TFIN	Triumph Bancorp, Inc.	188,000	$2.568M	0.2%	$13.63	-4.5%	Common	89679E300
—	Monarch Community Bancorp Inc.	850,000	$2.567M	0.2%	$2.70	—	Common	609045208
—	Peoples Bancorp, Inc.	82,566	$2.564M	0.2%	$31.05	—	Common	709788202
FGFH	Foresight Financial Group, Inc.	119,336	$2.555M	0.2%	$16.59	+8.4%	Common	345526107
—	Centrue Financial Corporation	6,721,178	$2.554M	0.2%	$0.38	—	Common	15643B106
FRBA	First Bank	416,000	$2.508M	0.2%	$5.36	-0.9%	Common	31931U102
CBKM	Consumers Bancorp, Inc.	136,792	$2.462M	0.2%	$13.41	-5.2%	Common	210509105
DHIL	Diamond Hill Investment Group, Inc.	15,288	$2.446M	0.2%	$41.91	+87.8%	Common	25264R207
FRBKQ	Republic First Bancorp, Inc.	670,900	$2.435M	0.2%	$2.90	+21.5%	Common	760416107
—	First Security, Inc.	83,942	$2.4M	0.2%	$28.50	—	Common	336327101
—	Community Southern Holdings, Inc.	207,489	$2.372M	0.2%	$8.65	—	Common	20405E108
—	First Menasha Bancshares, Inc.	33,503	$2.362M	0.2%	$70.50	—	Common	32081P109
—	Blackhawk Bancorp, Inc.	156,844	$2.329M	0.2%	$9.45	—	Common	09237E204
UCB	United Community Banks, Inc.	121,604	$2.296M	0.2%	$16.88	+9.5%	Common	90984P303
PEBK	Peoples Bancorp of North Carolina, Inc.	124,178	$2.294M	0.2%	$11.86	+40.1%	Common	710577107
—	Bank of Southern California, N. A.	320,000	$2.272M	0.1%	$6.50	—	Common	065104101
—	Federated National Holding Company	74,000	$2.264M	0.1%	$21.62	—	Common	31422T101
QNBC	QNB Corp.	78,654	$2.261M	0.1%	$24.78	+16.4%	Common	74726N107
—	National General Holdings Corporation	120,000	$2.244M	0.1%	$14.00	—	Common	636220303
—	American Riviera Bank	239,697	$2.241M	0.1%	$9.78	—	Common	02932A106
—	Green Bancorp, Inc.	200,000	$2.236M	0.1%	$12.04	—	Common	39260X100
—	Bank of Commerce Holdings	382,851	$2.144M	0.1%	$5.11	—	Common	06424J103
—	WashingtonFirst Bankshares, Inc.	125,299	$2.129M	0.1%	$13.42	—	Common	940730104
—	Presidio Bank	172,676	$2.115M	0.1%	$11.94	—	Common	74101A100
—	Clifton Bancorp Inc.	148,332	$2.093M	0.1%	$11.72	—	Common	186873105
—	Suncrest Bank	305,063	$2.09M	0.1%	$6.85	—	Common	86723G109
—	Puget Sound Bank	139,858	$2.08M	0.1%	$13.55	—	Common	74531Y108
CSHX	Cashmere Valley Bank	56,892	$2.077M	0.1%	$24.29	+5.7%	Common	14756K102
—	Xenith Bankshares, Inc.	341,159	$2.074M	0.1%	$6.10	—	Common	98410X105
TCBK	TriCo Bancshares	85,118	$2.054M	0.1%	$21.62	+10.5%	Common	896095106
—	West Suburban Bancorp, Inc.	5,787	$2.054M	0.1%	$343.53	—	Common	956152409
—	Guaranty Bancorp	120,942	$2.051M	0.1%	$11.35	—	Common	40075T607
—	HopFed Bancorp, Inc.	157,300	$2.024M	0.1%	$10.80	—	Common	439734104
FNLC	The First Bancorp, Inc.	115,000	$2.007M	0.1%	$9.14	+10.3%	Common	31866P102
—	Carolina Trust Bank	372,714	$2.001M	0.1%	$3.48	—	Common	144200102
IBCP	Independent Bank Corporation	155,900	$2M	0.1%	$5.76	+52.8%	Common	453838609
—	National Commerce Corporation	90,000	$1.976M	0.1%	$21.96	—	Common	63546L102
—	Bridge Bancorp Inc.	75,024	$1.938M	0.1%	$24.92	—	Common	108035106
—	1st Capital Bank	170,321	$1.933M	0.1%	$11.41	—	Common	31944C107
—	Ameriana Bancorp	117,283	$1.929M	0.1%	$14.08	—	Common	023613102
EFSI	Eagle Financial Services Inc.	77,990	$1.911M	0.1%	$15.05	+6.2%	Common	26951R104
GNW	Genworth Financial, Inc.	259,822	$1.899M	0.1%	$16.23	-53.1%	Common	37247D106
—	Southcoast Financial Corporation	260,080	$1.883M	0.1%	$6.18	—	Common	84129R100
—	Malvern Bancorp, Inc.	135,319	$1.827M	0.1%	$11.71	—	Common	561409103
FNRN	First Northern Community Bancorp	230,563	$1.821M	0.1%	$5.53	+9.9%	Common	335925103
—	American River Bankshares	191,788	$1.816M	0.1%	$8.61	—	Common	029326105
—	Northwest Bancorporation, Inc.	188,976	$1.814M	0.1%	$7.66	—	Common	667337109
ONB	Old National Bancorp	125,121	$1.775M	0.1%	$13.50	+3.4%	Common	680033107
JRVR	James River Group Holdings, Ltd.	75,000	$1.765M	0.1%	$22.03	+1.4%	Common	G5005R107
QNTO	Quaint Oak Bancorp	86,500	$1.756M	0.1%	$8.01	+23.7%	Common	74732T106
WBBW	Westbury Bancorp, Inc.	99,800	$1.747M	0.1%	$14.58	+15.2%	Common	95727P106
TRVR	Two Rivers Financial Group, Inc.	72,487	$1.74M	0.1%	$16.71	+16.9%	Common	90206L106
—	Northway Financial, Inc.	77,709	$1.644M	0.1%	$20.14	—	Common	667270201
BANC	Banc of California, Inc.	133,204	$1.64M	0.1%	$9.14	-6.6%	Common	05990K106
—	Mechanics Bank	62	$1.634M	0.1%	$26011.45	—	Common	583614102
WASH	Washington Trust Bancorp, Inc.	42,575	$1.626M	0.1%	$19.97	+10.7%	Common	940610108
LFGP	Ledyard Financial Group, Inc.	33,504	$1.625M	0.1%	$14.09	+13.5%	Common	523338101
CZFS	Citizens Financial Services	32,572	$1.612M	0.1%	$34.74	+2.8%	Common	174615104
—	PrivateBancorp, Inc.	45,500	$1.6M	0.1%	$30.12	—	Common	742962103
—	Illini Corporation	36,532	$1.582M	0.1%	$42.70	—	Common	45177K206
FISI	Financial Institutions, Inc.	68,261	$1.565M	0.1%	$14.01	+5.3%	Common	317585404
COLB	Columbia Banking System, Inc.	52,956	$1.534M	0.1%	$16.65	+3.0%	Common	197236102
BKOR	Oak Ridge Financial Services, Inc.	175,389	$1.503M	0.1%	$6.81	—	Common	671768109
—	Independent Bank Group, Inc	38,500	$1.498M	0.1%	$30.40	—	Common	45384B106
—	ESSA Bancorp, Inc.	116,286	$1.491M	0.1%	$10.96	—	Common	29667D104
—	Heritage Bankshares, Inc.	91,319	$1.484M	0.1%	$13.73	—	Common	42721M101
—	People's Bank of Commerce	157,080	$1.484M	0.1%	$9.68	—	Common	710311101
—	Cordia Bancorp Inc.	358,335	$1.48M	0.1%	$3.76	—	Common	218513109
—	Community Bank of Santa Maria	189,654	$1.46M	0.1%	$7.36	—	Common	203598107
FCOB	1st Colonial Bancorp	204,308	$1.459M	0.1%	$5.28	+19.9%	Common	319716106
—	Royal Financial, Inc.	179,182	$1.442M	0.1%	$5.28	—	Common	78027P109
—	Flagstar Bancorp, Inc.	98,900	$1.435M	0.1%	$17.10	—	Common	337930705
—	Independent Alliance Banks, Inc.	54,013	$1.402M	0.1%	$23.67	—	Common	45380E104
—	SouthCrest Financial Group, Inc.	251,400	$1.358M	0.1%	$5.41	—	Common	84129X107
—	Eastern Virginia Bankshares, Inc.	215,078	$1.346M	0.1%	$5.00	—	Common	277196101
—	NI Bancshares Corporation	35,201	$1.338M	0.1%	$39.00	—	Common	62913U109
—	DNB Financial Corporation	51,292	$1.334M	0.1%	$17.76	—	Common	233237106
—	Paragon Commercial Corporation	66,000	$1.32M	0.1%	$20.00	—	Common	69911U403
TCBI	Texas Capital Bancshares, Inc.	26,936	$1.31M	0.1%	$43.86	+7.5%	Common	88224Q107
—	First Defiance Financial Corp.	39,463	$1.295M	0.1%	$22.60	—	Common	32006W106
—	Cornerstone Bancshares, Inc.	389,406	$1.293M	0.1%	$2.01	—	Common	218924108
—	HomeTown Bankshares Corporation	171,618	$1.287M	0.1%	$6.25	—	Common	43787N108
—	SBT Bancorp, Inc.	58,935	$1.255M	0.1%	$28.13	—	Common	78391C106
MFGI	Merchants Financial Group, Inc.	30,881	$1.251M	0.1%	$8.54	+21.7%	Common	588538108
HFBL	Home Federal Bancorp, Inc. of Louisiana	62,576	$1.233M	0.1%	$8.72	+11.8%	Common	43708L108
—	BankFinancial Corporation	93,376	$1.227M	0.1%	$10.89	—	Common	06643P104
—	Idaho Independent Bank	163,432	$1.226M	0.1%	$7.09	—	Common	45129P105
—	Select Bancorp, Inc.	165,037	$1.172M	0.1%	$6.63	—	Common	81617L108
—	Aquesta Financial Holdings, Inc.	139,605	$1.164M	0.1%	$8.51	—	Common	03842L109
SOMC	Southern Michigan Bancorp Inc.	52,630	$1.16M	0.1%	$6.72	+21.7%	Common	84336P103
—	Bank of Santa Clarita	125,166	$1.152M	0.1%	$9.16	—	Common	06424K100
—	First BancTrust Corporation	70,240	$1.145M	0.1%	$16.30	—	Common	31868G100
—	Midsouth Bancorp, Inc.	75,757	$1.117M	0.1%	$15.38	—	Common	598039105
LKFN	Lakeland Financial Corporation	26,092	$1.059M	0.1%	$13.19	+53.3%	Common	511656100
—	Fentura Financial, Inc.	86,337	$1.036M	0.1%	$10.30	—	Common	314645102
PGNN	Paragon Financial Solutions, Inc.	158,812	$1.016M	0.1%	$6.03	+5.1%	Common	69912S100
INDB	Independent Bank Corp.	23,119	$1.014M	0.1%	$27.68	+9.5%	Common	453836108
AMFC	AMB Financial Corp.	93,750	$989K	0.1%	$8.50	+5.9%	Common	001984103
MBCN	Middlefield Banc Corp.	29,627	$940K	0.1%	$10.13	+19.1%	Common	596304204
PBNK	Pinnacle Bank	128,040	$928K	0.1%	$6.11	+8.7%	Common	72346K107
RCBC	River City Bank	6,852	$925K	0.1%	$9.85	+28.5%	Common	76803X106
—	Atlantic Coast Financial Corporation	222,600	$924K	0.1%	$4.28	—	Common	048426100
HBNC	Horizon Bancorp	37,701	$882K	0.1%	$10.39	0.0%	Common	440407104
GLBZ	Glen Burnie Bancorp	70,849	$880K	0.1%	$7.75	+9.7%	Common	377407101
—	Community National Bank	42,331	$846K	0.1%	$20.51	—	Common	20375W104
CCNE	CNB Financial Corporation	49,567	$844K	0.1%	$11.78	+5.5%	Common	126128107
—	First Capital Bancorp, Inc.	191,514	$833K	0.1%	$4.06	—	Common	319438107
—	First America Holdings Corporation	106,250	$829K	0.1%	$5.00	—	Common	318476108
—	North State Bancorp	110,478	$812K	0.1%	$5.58	—	Common	662585108
—	PSB Holdings	105,486	$794K	0.1%	$5.61	—	Common	69360W108
—	Town and Country Financial Corp.	68,328	$793K	0.1%	$10.55	—	Common	892039108
CYFL	Century Financial Corporation	57,512	$776K	0.1%	$8.84	+4.7%	Common	15652L102
—	Salisbury Bancorp, Inc.	24,606	$730K	0.0%	$26.07	—	Common	795226109
—	Franklin Financial Network, Inc.	33,500	$704K	0.0%	$17.31	—	Common	35352P104
—	County Bancorp, Inc.	35,000	$689K	0.0%	$19.69	—	Common	221907108
PFBC	Preferred Bank	24,600	$676K	0.0%	$16.93	+60.2%	Common	740367404
—	Fox Chase Bancorp, Inc.	38,429	$647K	0.0%	$16.99	—	Common	35137T108
VLY	Valley National Bancorp, Inc.	68,451	$646K	0.0%	$9.69	-2.3%	Common	919794107
—	Coastal Banking Co., Inc.	72,015	$634K	0.0%	$8.34	—	Common	19041N100
—	Lighthouse Bank	42,179	$618K	0.0%	$11.70	—	Common	53223T106
MVLY	Mission Valley Bancorp	96,949	$606K	0.0%	$5.77	+0.9%	Common	60520E104
—	Jacksonville Bancorp, Inc.	53,850	$592K	0.0%	$12.61	—	Common	469249205
—	Commerce Union Bancshares, Inc.	39,600	$592K	0.0%	$13.01	—	Common	200828101
IROQ	IF Bancorp, Inc.	35,036	$587K	0.0%	$16.82	-0.3%	Common	44951J105
CBOE	CBOE Holdings	10,000	$574K	0.0%	$33.33	+62.3%	Common	12503M108
SSBI	Summit State Bank	43,000	$565K	0.0%	$4.89	+41.2%	Common	866264203
—	Village Bank and Trust Financial Corp.	28,250	$489K	0.0%	$17.31	—	Common	92705T200
—	Community Bank Shares of Indiana, Inc.	17,646	$485K	0.0%	$27.48	—	Common	203599105
EMYB	Embassy Bancorp, Inc.	45,000	$470K	0.0%	$6.66	+29.7%	Common	290791102
—	Sun Bancorp, Inc.	24,380	$461K	0.0%	$4.01	—	Common	86663B102
—	Focus Business Bank	40,904	$401K	0.0%	$9.45	—	Common	34415X105
—	Macatawa Bank Corporation	69,571	$372K	0.0%	$5.41	—	Common	554225102
SBNC	Southern BancShares (N.C.), Inc.	214	$369K	0.0%	$1689.02	-0.4%	Common	842243107
SOME	Somerset Trust Holding Company	8,483	$357K	0.0%	$30.42	0.0%	Common	835126103
—	First Financial Northwest, Inc.	28,200	$348K	0.0%	$10.89	—	Common	32022K102
BAOB	Baraboo Bancorporation, Inc.	175,555	$342K	0.0%	$1.26	+18.9%	Common	067021105
—	Old Point Financial Corporation	21,927	$329K	0.0%	$13.10	—	Common	680194107
—	Kearny Financial Corp.	20,200	$274K	0.0%	$10.50	—	Common	487169104
—	First Busey Corporation	40,000	$268K	0.0%	$6.16	—	Common	319383105
PFLC	Pacific Financial Corporation	36,657	$246K	0.0%	$4.37	0.0%	Common	694275108
CCFN	CCFNB Bancorp Inc.	6,000	$240K	0.0%	$21.81	+14.2%	Common	124880105
—	Centerpointe Community Bank	31,200	$218K	0.0%	$6.96	—	Common	15200G100
—	Carolina Bank Holdings, Inc.	22,500	$217K	0.0%	$10.27	—	Common	143785103
—	AJS Bancorp, Inc.	14,500	$199K	0.0%	$13.59	—	Common	001503101
—	Cornerstone Financial	93,071	$186K	0.0%	$2.51	—	Common	21925G102
—	Bank of Napa, N.A.	21,500	$180K	0.0%	$8.28	—	Common	063770101
—	Howard Bancorp, Inc.	12,687	$178K	0.0%	$11.32	—	Common	442496105
—	Beneficial Mutual Bancorp, Inc.	13,312	$150K	0.0%	$11.27	—	Common	08171T102
—	Bancorp of New Jersey, Inc.	11,716	$137K	0.0%	$11.36	—	Common	059915108
—	Cascade Bancorp	15,000	$72,000	0.0%	$4.80	—	Common	147154207
ORPB	Oregon Pacific Bancorp	21,659	$60,000	0.0%	$3.45	-20.5%	Common	686040205