Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFSC	Enterprise Financial Services Corp	1,632,141	$44.13M	2.8%	$12.68	+80.7%	Common	293712105
MBWM	Mercantile Bank Corporation	1,528,911	$34.28M	2.2%	$11.94	+30.1%	Common	587376104
—	State Bank Financial Corporation	1,729,045	$34.17M	2.1%	$16.16	—	Common	856190103
—	Sandy Spring Bancorp Inc.	1,146,693	$31.91M	2.0%	$22.87	—	Common	800363103
—	CenterState Banks, Inc.	2,003,289	$29.83M	1.9%	$9.74	—	Common	15201P109
—	First Midwest Bancorp, Inc.	1,561,541	$28.14M	1.8%	$14.20	—	Common	320867104
—	Pacific Continental Corporation	1,670,896	$26.95M	1.7%	$12.20	—	Common	69412V108
—	Suffolk Bancorp	1,050,163	$26.51M	1.7%	$16.61	—	Common	864739107
—	TriState Capital Holdings, Inc.	2,035,377	$25.65M	1.6%	$11.11	—	Common	89678F100
—	CoBiz Financial Inc.	2,025,073	$23.94M	1.5%	$8.43	—	Common	190897108
—	CU Bancorp	1,125,614	$23.83M	1.5%	$18.04	—	Common	126534106
—	Fidelity Southern Corporation	1,456,529	$23.36M	1.5%	$12.67	—	Common	316394105
PGC	Peapack-Gladstone Financial Corporation	1,354,019	$22.88M	1.4%	$15.96	+5.6%	Common	704699107
—	MB Financial, Inc.	678,021	$22M	1.4%	$26.80	—	Common	55264U108
—	Boston Private Financial Holdings, Inc.	1,823,363	$20.88M	1.3%	$10.72	—	Common	101119105
—	Park Sterling Corp.	2,849,355	$19M	1.2%	$6.00	—	Common	70086Y105
FRME	First Merchants Corp.	783,326	$18.46M	1.2%	$12.64	+35.2%	Common	320817109
—	Capital Bank Financial Corp.	595,524	$18.37M	1.2%	$22.96	—	Common	139794101
CPF	Central Pacific Financial Corp.	821,430	$17.88M	1.1%	$11.43	+22.4%	Common	154760409
OSBC	Old Second Bancorp, Inc.	2,475,284	$17.75M	1.1%	$4.40	+43.2%	Common	680277100
HTBK	Heritage Commerce Corp	1,748,232	$17.5M	1.1%	$7.21	+36.2%	Common	426927109
—	Lakeland Bancorp, Inc.	1,605,062	$16.29M	1.0%	$11.07	—	Common	511637100
—	Heritage Oaks Bancorp	2,068,442	$16.11M	1.0%	$6.58	—	Common	42724R107
—	BSB Bancorp, Inc.	712,224	$16M	1.0%	$14.71	—	Common	05573H108
—	Cambridge Bancorp	385,026	$15.82M	1.0%	$39.64	—	Common	132152109
HFWA	Heritage Financial Corporation	896,238	$15.75M	1.0%	$15.21	+15.9%	Common	42722X106
FBIZ	First Business Financial Services	660,728	$15.15M	1.0%	$14.08	+21.9%	Common	319390100
—	Codorus Valley Bancorp, Inc.	748,533	$15.13M	1.0%	$19.40	—	Common	192025104
—	First NBC Bank	713,583	$14.69M	0.9%	$26.43	—	Common	32115D106
QCRH	QCR Holdings, Inc.	614,835	$14.66M	0.9%	$16.12	+33.6%	Common	74727A104
—	Stonegate Bank	476,017	$14.26M	0.9%	$17.86	—	Common	861811107
SFST	Southern First Bancshares, Inc.	580,043	$14.16M	0.9%	$12.71	+83.5%	Common	842873101
BMRC	Bank of Marin Bancorp	283,170	$13.94M	0.9%	$13.89	+33.3%	Common	063425102
—	Union Bankshares Corporation	560,351	$13.8M	0.9%	$25.23	—	Common	90539J109
—	Southwest Bancorp, Inc.	897,721	$13.51M	0.8%	$14.10	—	Common	844767103
EGBN	Eagle Bancorp, Inc.	274,490	$13.18M	0.8%	$17.07	+115.0%	Common	268948106
NBHC	National Bank Holdings Corporation	639,700	$13.04M	0.8%	$14.46	+10.3%	Common	633707104
WSBF	Waterstone Financial, Inc.	918,568	$12.57M	0.8%	$11.11	+23.7%	Common	94188P101
AMH	American Homes 4 Rent	777,800	$12.37M	0.8%	$17.76	—	Common	02665T306
—	Old Line Bancshares, Inc.	629,696	$11.35M	0.7%	$13.30	—	Common	67984M100
WTBFB	W.T.B. Financial Corporation	66,764	$11.07M	0.7%	$158.44	+29.3%	Common	929334209
PEBO	Peoples Bancorp Inc.	531,231	$10.38M	0.7%	$23.45	-22.4%	Common	709789101
—	Southern National Bancorp of Virginia,Inc.	865,590	$10.32M	0.6%	$10.19	—	Common	843395104
—	Central Valley Community Bancorp	916,895	$10.21M	0.6%	$10.37	—	Common	155685100
SAMG	Silvercrest Asset Management Group Inc.	757,259	$9.647M	0.6%	$14.11	-20.7%	Common	828359109
—	Talmer Bancorp, Inc.	529,200	$9.573M	0.6%	$15.11	—	Common	87482X101
SBCF	Seacoast Banking Corporation of Florida	600,829	$9.487M	0.6%	$11.18	+32.4%	Common	811707801
—	1st Constitution Bancorp	735,160	$9.307M	0.6%	$10.30	—	Common	31986N102
—	Iberiabank Corp	180,534	$9.256M	0.6%	$63.67	—	Common	450828108
—	Avenue Financial Holdings, Inc.	477,700	$9.253M	0.6%	$12.54	—	Common	05358K102
BSRR	Sierra Bancorp	490,735	$8.907M	0.6%	$9.10	+40.4%	Common	82620P102
—	Pacific Premier Bancorp, Inc.	410,986	$8.783M	0.6%	$21.37	—	Common	69478X105
—	Atlantic Capital Bancshares, Inc.	621,622	$8.665M	0.5%	$14.80	—	Common	048269203
FBNC	First Bancorp	450,164	$8.486M	0.5%	$12.31	+24.9%	Common	318910106
—	Baylake Corp.	504,468	$8.056M	0.5%	$12.32	—	Common	072788102
AMBZ	American Business Bank	264,219	$7.483M	0.5%	$24.51	+22.3%	Common	02475L105
SHBI	Shore Bancshares, Inc.	607,020	$7.272M	0.5%	$9.39	+20.9%	Common	825107105
UNTY	Unity Bancorp, Inc.	636,325	$7.235M	0.5%	$6.10	+42.5%	Common	913290102
—	First Bancshares, Inc.	458,730	$7.17M	0.5%	$14.23	—	Common	318916103
BANR	Banner Corporation	163,793	$6.886M	0.4%	$21.83	+32.9%	Common	06652V208
—	MBT Financial Corp.	840,633	$6.767M	0.4%	$5.04	—	Common	578877102
SF	Stifel Financial Corp.	219,096	$6.485M	0.4%	$20.09	-6.1%	Common	860630102
WBBW	Westbury Bancorp, Inc.	333,746	$6.341M	0.4%	$16.51	+12.7%	Common	95727P106
—	First of Long Island Corp.	219,543	$6.257M	0.4%	$31.42	—	Common	320734106
—	Community Bankers Trust Corporation	1,248,327	$6.242M	0.4%	$4.09	—	Common	203612106
—	United Financial Bancorp, Inc.	485,486	$6.112M	0.4%	$13.42	—	Common	910304104
FCCO	First Community Corporation	418,319	$6.032M	0.4%	$7.60	+40.3%	Common	319835104
SMBK	SmartFinancial, Inc.	325,611	$6.024M	0.4%	$15.32	+3.9%	Common	83190L208
—	FNB Bancorp	228,599	$5.955M	0.4%	$22.31	—	Common	302515101
—	Southeastern Bank Financial Corporation	237,937	$5.934M	0.4%	$23.31	—	Common	841584105
BWFG	Bankwell Financial Group, Inc.	296,444	$5.801M	0.4%	$15.70	+0.4%	Common	06654A103
—	Allegiance Bancshares, Inc.	315,458	$5.795M	0.4%	$23.47	—	Common	01748H107
—	Paragon Commercial Corporation	231,321	$5.783M	0.4%	$22.73	—	Common	69911U403
—	Bryn Mawr Bank Corporation	223,952	$5.762M	0.4%	$25.24	—	Common	117665109
—	Mackinac Financial Corporation	561,707	$5.757M	0.4%	$9.26	—	Common	554571109
SYBT	Stock Yards Bancorp, Inc.	148,415	$5.718M	0.4%	$19.95	+25.4%	Common	861025104
—	Aspen Insurance Holdings Limited	119,012	$5.677M	0.4%	$40.12	—	Common	G05384105
—	Yadkin Financial Corporation	239,624	$5.672M	0.4%	$20.33	—	Common	984305102
—	Community Financial Corporation	265,032	$5.632M	0.4%	$20.63	—	Common	20368X101
WTFC	Wintrust Financial Corporation	125,802	$5.578M	0.4%	$36.77	+16.5%	Common	97650W108
—	Charter Financial Corporation	411,395	$5.554M	0.3%	$10.46	—	Common	16122W108
HBNC	Horizon Bancorp	224,142	$5.541M	0.3%	$10.96	+1.0%	Common	440407104
UCB	United Community Banks, Inc.	292,768	$5.407M	0.3%	$18.80	-5.7%	Common	90984P303
—	First Community Financial Partners, Inc.	618,608	$5.382M	0.3%	$4.68	—	Common	31985Q106
SFBS	ServisFirst Bancshares, Inc.	120,600	$5.355M	0.3%	$12.46	+35.6%	Common	81768T108
—	Centrue Financial Corporation	294,038	$5.116M	0.3%	$16.64	—	Common	15643B205
—	NorthWest Indiana Bancorp	224,451	$5.061M	0.3%	$23.62	—	Common	667516108
—	Cardinal Financial Corporation	247,278	$5.032M	0.3%	$17.22	—	Common	14149F109
—	Macatawa Bank Corporation	794,293	$4.964M	0.3%	$5.54	—	Common	554225102
—	CommerceWest Bank	349,712	$4.938M	0.3%	$12.79	—	Common	20084T103
AVBH	Avidbank Holdings, Inc.	362,179	$4.748M	0.3%	$10.58	+32.0%	Common	05368J103
—	Enterprise Bancorp, Inc.	180,672	$4.741M	0.3%	$19.50	—	Common	293668109
—	BNC Bancorp	221,278	$4.673M	0.3%	$22.23	—	Common	05566T101
PBAM	Private Bancorp of America, Inc.	285,041	$4.658M	0.3%	$15.80	+4.4%	Common	74274F100
—	Northwest Bancorporation, Inc.	568,781	$4.596M	0.3%	$8.81	—	Common	667337109
VABK	Virginia National Bankshares Corp.	209,209	$4.592M	0.3%	$19.28	+15.2%	Common	928031103
—	FCB Financial Holdings, Inc.	136,871	$4.552M	0.3%	$23.07	—	Common	30255G103
—	Bay Commercial Bank	427,893	$4.54M	0.3%	$9.97	—	Common	072199102
HIFS	Hingham Institution for Savings	38,066	$4.534M	0.3%	$58.20	+84.6%	Common	433323102
—	Sussex Bancorp	358,688	$4.484M	0.3%	$10.65	—	Common	869245100
FFWM	First Foundation Inc.	198,700	$4.457M	0.3%	$9.96	+1.1%	Common	32026V104
AUBN	Auburn National Bancorporation, Inc.	157,639	$4.453M	0.3%	$15.58	+23.9%	Common	050473107
FGFH	Foresight Financial Group, Inc.	201,626	$4.446M	0.3%	$17.94	+13.9%	Common	345526107
—	California Bank of Commerce	350,901	$4.414M	0.3%	$10.96	—	Common	13005C101
—	MainStreet Bank	383,726	$4.397M	0.3%	$8.80	—	Common	56064A102
—	Carter Bank & Trust	338,558	$4.364M	0.3%	$12.37	—	Common	146102108
—	Southcoast Financial Corporation	334,011	$4.359M	0.3%	$8.23	—	Common	84129R100
—	Xenith Bankshares, Inc.	573,926	$4.339M	0.3%	$6.37	—	Common	98410X105
—	MainSource Financial Group, Inc.	205,564	$4.335M	0.3%	$14.34	—	Common	56062Y102
—	First Choice Bank	355,142	$4.326M	0.3%	$16.75	—	Common	319461109
HTH	Hilltop Holdings Inc.	227,532	$4.296M	0.3%	$15.00	+12.5%	Common	432748101
WTBA	West Bancorporation, Inc.	233,578	$4.258M	0.3%	$11.55	+55.4%	Common	95123P106
OVLY	Oak Valley Bancorp	454,589	$4.214M	0.3%	$8.25	+15.9%	Common	671807105
—	LegacyTexas Financial Group, Inc.	214,072	$4.207M	0.3%	$23.25	—	Common	52471Y106
—	Westfield Financial Inc.	491,813	$4.146M	0.3%	$7.42	—	Common	96008P104
ISTR	Investar Holding	277,948	$4.077M	0.3%	$14.18	+8.4%	Common	46134L105
RVSB	Riverview Bancorp, Inc.	960,564	$4.034M	0.3%	$1.91	+78.2%	Common	769397100
CNOB	ConnectOne Bancorp, Inc.	242,700	$3.968M	0.2%	$15.11	-13.3%	Common	20786W107
OBT	Orange County Bancorp	110,743	$3.954M	0.2%	$10.06	+19.0%	Common	68417L107
EQBK	Equity Bancshares, Inc.	185,000	$3.885M	0.2%	$22.29	-8.6%	Common	29460X109
FVCB	First Virginia Community Bank	300,000	$3.87M	0.2%	$5.53	+4.0%	Common	36120Q101
—	DCB Financial Corp	641,159	$3.834M	0.2%	$5.75	—	Common	233075100
—	Valley Commerce Bancorp	257,503	$3.79M	0.2%	$13.19	—	Common	919518100
ACIC	United Insurance Holdings Corp.	193,369	$3.715M	0.2%	$10.63	+22.0%	Common	910710102
—	American River Bankshares	364,308	$3.701M	0.2%	$9.17	—	Common	029326105
—	John Marshall Bank	248,000	$3.591M	0.2%	$17.65	—	Common	47804G103
FMNB	Farmers National Banc Corp.	388,250	$3.459M	0.2%	$4.42	+36.0%	Common	309627107
—	Guaranty Federal Bancshares, Inc.	230,971	$3.458M	0.2%	$12.79	—	Common	40108P101
—	Bridge Bancorp Inc.	110,965	$3.381M	0.2%	$25.83	—	Common	108035106
PKBK	Parke Bancorp, Inc.	253,676	$3.361M	0.2%	$4.83	+54.5%	Common	700885106
NODB	North Dallas Bank & Trust Co.	70,687	$3.305M	0.2%	$48.15	—	Common	659012108
—	WashingtonFirst Bankshares, Inc.	150,299	$3.284M	0.2%	$14.95	—	Common	940730104
—	Century Bancorp, Inc.	83,688	$3.256M	0.2%	$34.44	—	Common	156432106
UVSP	Univest Corporation of Pennsylvania	166,153	$3.242M	0.2%	$18.50	+4.7%	Common	915271100
ORRF	Orrstown Financial Services, Inc	183,883	$3.185M	0.2%	$11.38	+13.1%	Common	687380105
BOTJ	Bank of the James Financial Group, Inc.	269,528	$3.156M	0.2%	$8.53	+2.5%	Common	470299108
OCFC	OceanFirst Financial Corp.	178,451	$3.155M	0.2%	$9.84	+24.6%	Common	675234108
BFC	Bank First National Corporation	138,897	$3.124M	0.2%	$17.16	+27.6%	Common	06211J100
—	Malvern Bancorp, Inc.	193,319	$3.097M	0.2%	$13.00	—	Common	561409103
—	National Commerce Corporation	129,999	$3.069M	0.2%	$22.80	—	Common	63546L102
—	Sunshine Bancorp, Inc.	210,000	$3.053M	0.2%	$15.20	—	Common	86777J108
—	Northeast Community Bancorp, Inc.	489,307	$3.048M	0.2%	$6.46	—	Common	664112109
QNBC	QNB Corp.	114,410	$3.004M	0.2%	$26.29	+15.3%	Common	74726N107
BCBP	BCB Bancorp, Inc.	300,000	$3.003M	0.2%	$6.30	-1.5%	Common	055298103
FISI	Financial Institutions, Inc.	103,261	$3.002M	0.2%	$14.66	+22.6%	Common	317585404
FNRN	First Northern Community Bancorp	431,880	$2.976M	0.2%	$5.88	+8.0%	Common	335925103
TFIN	Triumph Bancorp, Inc.	188,000	$2.976M	0.2%	$13.63	+5.3%	Common	89679E300
FRBA	First Bank	428,734	$2.975M	0.2%	$5.37	+8.1%	Common	31931U102
—	Fauquier Bancshares, Inc.	194,963	$2.938M	0.2%	$12.52	—	Common	312059108
—	Emclaire Financial Corp.	117,207	$2.93M	0.2%	$23.94	—	Common	290828102
—	BankFinancial Corporation	247,573	$2.926M	0.2%	$11.75	—	Common	06643P104
—	Lake Shore Bancorp	217,427	$2.89M	0.2%	$12.61	—	Common	510700107
—	Flagstar Bancorp, Inc.	133,900	$2.873M	0.2%	$18.01	—	Common	337930705
FXNC	First National Corporation	367,720	$2.828M	0.2%	$5.09	+38.6%	Common	32106V107
FRBKQ	Republic First Bancorp, Inc.	670,900	$2.824M	0.2%	$2.90	+43.0%	Common	760416107
—	Carolina Financial Corporation	150,000	$2.784M	0.2%	$18.00	—	Common	143873107
—	Veritex Holdings, Inc.	190,860	$2.773M	0.2%	$14.17	—	Common	923451108
—	Premier Commercial Bancorp	430,663	$2.752M	0.2%	$4.49	—	Common	74048M100
—	Chicopee Bancorp, Inc.	153,730	$2.712M	0.2%	$16.88	—	Common	168565109
—	HCSB Financial Corporation	22,238,470	$2.669M	0.2%	$0.12	—	Common	40413R107
CCNE	CNB Financial Corporation	151,154	$2.659M	0.2%	$12.76	+3.1%	Common	126128107
PSBQ	PSB Holdings, Inc.	62,779	$2.63M	0.2%	$9.64	+54.1%	Common	69360N108
—	National General Holdings Corporation	120,000	$2.591M	0.2%	$14.00	—	Common	636220303
—	American Riviera Bank	249,797	$2.578M	0.2%	$9.81	—	Common	02932A106
PEBK	Peoples Bancorp of North Carolina, Inc.	137,887	$2.565M	0.2%	$12.36	+37.7%	Common	710577107
—	Bank of Commerce Holdings	398,751	$2.532M	0.2%	$5.13	—	Common	06424J103
LFGP	Ledyard Financial Group, Inc.	58,214	$2.456M	0.2%	$15.06	+4.5%	Common	523338101
—	Blackhawk Bancorp, Inc.	176,468	$2.448M	0.2%	$10.32	—	Common	09237E204
—	Pulaski Financial	149,100	$2.408M	0.2%	$16.15	—	Common	745548107
—	1st Capital Bank	243,326	$2.37M	0.1%	$11.36	—	Common	31944C107
—	Puget Sound Bank	136,158	$2.366M	0.1%	$17.75	—	Common	74532B107
JRVR	James River Group Holdings, Ltd.	73,210	$2.362M	0.1%	$22.03	+45.4%	Common	G5005R107
—	Access National Corporation	114,764	$2.276M	0.1%	$13.05	—	Common	004337101
—	Carolina Bank Holdings, Inc.	135,400	$2.275M	0.1%	$11.81	—	Common	143785103
—	Carolina Trust Bank	372,714	$2.199M	0.1%	$3.48	—	Common	144200102
MFGI	Merchants Financial Group, Inc.	64,807	$2.188M	0.1%	$9.83	+18.7%	Common	588538108
—	Guaranty Bancorp	140,942	$2.179M	0.1%	$12.08	—	Common	40075T607
DHIL	Diamond Hill Investment Group, Inc.	12,288	$2.179M	0.1%	$41.91	+137.8%	Common	25264R207
—	County Bancorp, Inc.	108,381	$2.176M	0.1%	$19.75	—	Common	221907108
—	Manning & Napier, Inc.	268,603	$2.168M	0.1%	$12.50	—	Common	56382Q102
BANC	Banc of California, Inc.	123,204	$2.156M	0.1%	$9.14	+30.9%	Common	05990K106
—	West Suburban Bancorp, Inc.	6,747	$2.11M	0.1%	$349.13	—	Common	956152409
FFBB	Communities First Financial Corporation	216,167	$2.058M	0.1%	$10.35	-2.4%	Common	20344D104
—	Royal Financial, Inc.	201,465	$2.057M	0.1%	$5.77	—	Common	78027P109
—	Suncrest Bank	305,063	$2.032M	0.1%	$6.85	—	Common	86723G109
—	Clifton Bancorp Inc.	133,332	$2.016M	0.1%	$11.72	—	Common	186873105
—	First Security, Inc.	112,742	$2.015M	0.1%	$27.17	—	Common	336327101
CSHX	Cashmere Valley Bank	72,558	$2M	0.1%	$25.11	+8.1%	Common	14756K102
FNLC	The First Bancorp, Inc.	102,200	$1.994M	0.1%	$9.14	+28.8%	Common	31866P102
—	Bank of Southern California, N. A.	320,000	$1.981M	0.1%	$6.50	—	Common	065104101
—	Commerce Union Bancshares, Inc.	122,020	$1.969M	0.1%	$14.11	—	Common	200828101
SBNC	Southern BancShares (N.C.), Inc.	1,564	$1.954M	0.1%	$1712.38	+0.1%	Common	842243107
—	Northway Financial, Inc.	127,628	$1.953M	0.1%	$20.33	—	Common	667270201
—	First Menasha Bancshares, Inc.	33,503	$1.938M	0.1%	$70.50	—	Common	32081P109
—	Presidio Bank	147,044	$1.916M	0.1%	$12.07	—	Common	74101A100
—	Midsouth Bancorp, Inc.	247,693	$1.89M	0.1%	$12.70	—	Common	598039105
WASH	Washington Trust Bancorp, Inc.	50,575	$1.887M	0.1%	$20.38	+10.7%	Common	940610108
PGNN	Paragon Financial Solutions, Inc.	306,312	$1.881M	0.1%	$6.45	+3.2%	Common	69912S100
—	SBT Bancorp, Inc.	104,718	$1.854M	0.1%	$25.01	—	Common	78391C106
—	Mechanics Bank	89	$1.852M	0.1%	$25644.84	—	Common	583614102
BKOR	Oak Ridge Financial Services, Inc.	195,702	$1.808M	0.1%	$7.17	—	Common	671768109
—	Cordia Bancorp Inc.	451,063	$1.782M	0.1%	$3.74	—	Common	218513109
—	ESSA Bancorp, Inc.	131,207	$1.77M	0.1%	$11.18	—	Common	29667D104
TCBK	TriCo Bancshares	69,118	$1.75M	0.1%	$21.62	+17.2%	Common	896095106
—	HopFed Bancorp, Inc.	150,300	$1.721M	0.1%	$10.80	—	Common	439734104
—	Aquesta Financial Holdings, Inc.	201,368	$1.7M	0.1%	$8.46	—	Common	03842L109
CBKM	Consumers Bancorp, Inc.	136,792	$1.692M	0.1%	$13.41	-7.0%	Common	210509105
EFSI	Eagle Financial Services Inc.	92,266	$1.69M	0.1%	$15.23	+6.7%	Common	26951R104
—	Illini Corporation	36,532	$1.69M	0.1%	$42.70	—	Common	45177K206
—	First BancTrust Corporation	102,940	$1.687M	0.1%	$16.27	—	Common	31868G100
—	Atlantic Coast Financial Corporation	278,711	$1.683M	0.1%	$4.53	—	Common	048426100
—	Green Bancorp, Inc.	220,100	$1.666M	0.1%	$12.08	—	Common	39260X100
QNTO	Quaint Oak Bancorp	173,000	$1.626M	0.1%	$9.90	+21.0%	Common	74732T106
SRCE	1st Source Corporation	50,000	$1.592M	0.1%	$30.88	—	Common	336901103
—	HomeTown Bankshares Corporation	180,618	$1.575M	0.1%	$6.33	—	Common	43787N108
IROQ	IF Bancorp, Inc.	85,036	$1.575M	0.1%	$16.71	+9.8%	Common	44951J105
FCOB	1st Colonial Bancorp	228,767	$1.498M	0.1%	$5.47	+30.0%	Common	319716106
HFBL	Home Federal Bancorp, Inc. of Louisiana	65,576	$1.475M	0.1%	$8.77	+27.9%	Common	43708L108
—	First Defiance Financial Corp.	37,963	$1.458M	0.1%	$22.60	—	Common	32006W106
—	Federated National Holding Company	74,000	$1.455M	0.1%	$21.62	—	Common	31422T101
—	C1 Financial, Inc.	60,000	$1.452M	0.1%	$20.34	—	Common	12591N109
—	Eastern Virginia Bankshares, Inc.	215,078	$1.439M	0.1%	$5.00	—	Common	277196101
—	SouthCrest Financial Group, Inc.	283,386	$1.437M	0.1%	$5.58	—	Common	84129X107
ABCB	Ameris Bancorp	47,723	$1.412M	0.1%	$17.91	+39.1%	Common	03076K108
BHB	Bar Harbor Bankshares	41,408	$1.376M	0.1%	$10.17	+49.2%	Common	066849100
—	Fentura Financial, Inc.	101,876	$1.37M	0.1%	$10.84	—	Common	314645102
GABC	German American Bancorp, Inc.	42,489	$1.368M	0.1%	$16.55	0.0%	Common	373865104
CZFS	Citizens Financial Services	36,737	$1.361M	0.1%	$34.54	-1.2%	Common	174615104
—	Sevier County Bancshares, Inc.	110,000	$1.337M	0.1%	$10.00	—	Common	81817P206
BUSE	First Busey Corporation	64,668	$1.324M	0.1%	$13.06	+3.4%	Common	319383204
—	People's Bank of Commerce	177,989	$1.301M	0.1%	$9.62	—	Common	710311101
—	Community Bank of Santa Maria	203,824	$1.288M	0.1%	$7.37	—	Common	203598107
—	Bank of Santa Clarita	152,930	$1.286M	0.1%	$9.20	—	Common	06424K100
TRVR	Two Rivers Financial Group, Inc.	72,487	$1.277M	0.1%	$16.71	+20.0%	Common	90206L106
FGBI	First Guaranty Bancshares, Inc.	82,313	$1.276M	0.1%	$9.71	-7.1%	Common	32043P106
FNB	F.N.B. Corporation	97,677	$1.271M	0.1%	$8.49	0.0%	Common	302520101
—	Merchants Bancshares, Inc.	41,901	$1.246M	0.1%	$29.91	—	Common	588448100
TCBI	Texas Capital Bancshares, Inc.	31,936	$1.226M	0.1%	$45.57	-18.8%	Common	88224Q107
—	Independent Alliance Banks, Inc.	60,170	$1.218M	0.1%	$23.96	—	Common	45380E104
—	Select Bancorp, Inc.	151,812	$1.214M	0.1%	$6.78	—	Common	81617L108
MVLY	Mission Valley Bancorp	197,658	$1.212M	0.1%	$6.09	+29.1%	Common	60520E104
PBNK	Pinnacle Bank	177,566	$1.2M	0.1%	$6.39	+2.3%	Common	72346K107
—	GrandSouth Bancorporation	125,000	$1.184M	0.1%	$9.47	—	Common	386627301
—	Idaho Independent Bank	173,232	$1.129M	0.1%	$7.19	—	Common	45129P105
—	Fox Chase Bancorp, Inc.	58,429	$1.128M	0.1%	$18.12	—	Common	35137T108
SOMC	Southern Michigan Bancorp Inc.	52,630	$1.125M	0.1%	$6.72	+41.3%	Common	84336P103
CAC	Camden National Corporation	26,680	$1.121M	0.1%	$19.89	-4.8%	Common	133034108
—	PB Bancorp, Inc.	125,601	$1.055M	0.1%	$8.40	—	Common	70454T100
—	Independent Bank Group, Inc	38,500	$1.055M	0.1%	$30.40	—	Common	45384B106
MBCN	Middlefield Banc Corp.	30,963	$975K	0.1%	$10.21	+20.6%	Common	596304204
—	Coastal Banking Co., Inc.	83,615	$956K	0.1%	$8.85	—	Common	19041N100
—	Foundation Bancorp, Inc.	100,376	$942K	0.1%	$9.44	—	Common	35040A105
—	CommunityOne Bancorp	70,700	$939K	0.1%	$11.24	—	Common	20416Q108
—	Franklin Financial Network, Inc.	33,500	$905K	0.1%	$17.31	—	Common	35352P104
—	First Colebrook Bancorp, Inc.	60,627	$889K	0.1%	$21.04	—	Common	31971A107
AMFC	AMB Financial Corp.	93,750	$878K	0.1%	$8.50	+27.4%	Common	001984103
—	Town and Country Financial Corporation	78,728	$848K	0.1%	$10.82	—	Common	892039108
—	Professional Holding Corp.	90,000	$813K	0.1%	$11.06	—	Common	743139107
—	Salisbury Bancorp, Inc.	24,606	$782K	0.0%	$26.07	—	Common	795226109
—	DNB Financial Corporation	26,292	$750K	0.0%	$17.76	—	Common	233237106
PFBC	Preferred Bank	24,600	$744K	0.0%	$16.93	+77.5%	Common	740367404
GLBZ	Glen Burnie Bancorp	70,849	$733K	0.0%	$7.75	+1.4%	Common	377407101
CBFV	CB Financial Services, Inc.	36,401	$720K	0.0%	$13.40	+2.8%	Common	12479G101
GNW	Genworth Financial, Inc.	259,822	$709K	0.0%	$16.23	-84.4%	Common	37247D106
RNST	Renasant Corporation	21,048	$693K	0.0%	$32.12	-0.9%	Common	75970E107
LKFN	Lakeland Financial Corporation	15,092	$691K	0.0%	$13.19	+69.8%	Common	511656100
—	Bank of Napa, N.A.	79,806	$684K	0.0%	$8.87	—	Common	063770101
RCBC	River City Bank	7,327	$684K	0.0%	$10.03	+22.6%	Common	76803X106
CYFL	Century Financial Corporation	59,738	$670K	0.0%	$8.89	+20.9%	Common	15652L102
CBOE	CBOE Holdings	10,000	$653K	0.0%	$33.33	+68.4%	Common	12503M108
—	Birmingham Bloomfield Bancshares, Inc.	81,630	$631K	0.0%	$8.52	—	Common	091112102
PFLC	Pacific Financial Corporation	117,521	$612K	0.0%	$4.33	+5.2%	Common	694275108
—	Lighthouse Bank	45,479	$590K	0.0%	$11.89	—	Common	53223T106
CZBC	Citizens Bancorp	54,837	$582K	0.0%	$9.70	0.0%	Common	172950107
SSBI	Summit State Bank	43,000	$570K	0.0%	$4.89	+48.2%	Common	866264203
—	Commencement Bank	78,500	$556K	0.0%	$12.98	—	Common	20051L109
—	Village Bank and Trust Financial Corp.	29,133	$551K	0.0%	$17.39	—	Common	92705T200
—	Kentucky Bancshares, Inc.	25,194	$511K	0.0%	$28.22	—	Common	491203105
—	Sun Bancorp, Inc.	24,380	$505K	0.0%	$4.01	—	Common	86663B102
SOME	Somerset Trust Holding Company	15,244	$434K	0.0%	$29.91	-5.8%	Common	835126103
—	Surrey Bancorp	44,785	$420K	0.0%	$11.09	—	Common	86888W105
—	AJS Bancorp, Inc.	29,500	$417K	0.0%	$14.19	—	Common	001503101
LOB	Live Oak Bancshares	25,000	$375K	0.0%	$19.67	-31.3%	Common	53803X105
—	First Financial Northwest, Inc.	28,200	$371K	0.0%	$10.89	—	Common	32022K102
—	FirstAtlantic Financial Holdings, Inc.	37,863	$343K	0.0%	$8.95	—	Common	337651103
—	Mars National Bancorp	1,054	$304K	0.0%	$407.30	—	Common	571697101
SOBS	Solvay Bank Corporation	11,360	$279K	0.0%	$18.85	-2.2%	Common	83441Q105
—	Santa Cruz County Bank	10,878	$278K	0.0%	$25.56	—	Common	801827106
—	Bancorp of New Jersey, Inc.	22,716	$277K	0.0%	$11.58	—	Common	059915108
—	Heartland BancCorp	6,080	$253K	0.0%	$48.19	—	Common	421962101
BAOB	Baraboo Bancorporation, Inc.	187,645	$227K	0.0%	$1.28	+13.0%	Common	067021105
—	Old Point Financial Corporation	11,927	$222K	0.0%	$13.10	—	Common	680194107
—	York Traditions Bank	24,300	$215K	0.0%	$11.56	—	Common	987159100
—	Two River Bancorp	22,449	$213K	0.0%	$9.20	—	Common	90207C105
—	Centerpointe Community Bank	31,200	$206K	0.0%	$6.96	—	Common	15200G100
CCFN	CCFNB Bancorp Inc.	6,000	$200K	0.0%	$21.81	+20.5%	Common	124880105
TOWN	TowneBank	10,000	$192K	0.0%	$18.50	0.0%	Common	89214P109
—	ProAm?rica Bank	17,323	$168K	0.0%	$9.70	—	Common	74272W105
EMYB	Embassy Bancorp, Inc.	16,093	$157K	0.0%	$6.66	+31.3%	Common	290791102
ORPB	Oregon Pacific Bancorp	46,659	$140K	0.0%	$3.25	+2.5%	Common	686040205
—	Howard Bancorp, Inc.	11,187	$135K	0.0%	$11.32	—	Common	442496105
—	State Bank Corp.	21,100	$103K	0.0%	$6.02	—	Common	856121108
—	Cascade Bancorp	15,000	$86,000	0.0%	$4.80	—	Common	147154207
—	Cornerstone Financial	93,071	$70,000	0.0%	$2.51	—	Common	21925G102