Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFSC	Enterprise Financial Services Corp	1,592,804	$44.42M	2.6%	$12.68	+81.0%	Common	293712105
MBWM	Mercantile Bank Corporation	1,523,343	$36.35M	2.1%	$11.94	+37.3%	Common	587376104
—	State Bank Financial Corporation	1,749,045	$35.59M	2.1%	$16.21	—	Common	856190103
—	Suffolk Bancorp	1,050,163	$32.88M	1.9%	$16.61	—	Common	864739107
—	Sandy Spring Bancorp Inc.	1,126,693	$32.74M	1.9%	$22.87	—	Common	800363103
—	CenterState Banks, Inc.	1,837,687	$28.94M	1.7%	$9.74	—	Common	15201P109
—	TriState Capital Holdings, Inc.	2,049,946	$28.15M	1.6%	$11.11	—	Common	89678F100
—	First Midwest Bancorp, Inc.	1,556,540	$27.33M	1.6%	$14.20	—	Common	320867104
—	CU Bancorp	1,195,881	$27.18M	1.6%	$18.32	—	Common	126534106
PGC	Peapack-Gladstone Financial Corporation	1,354,019	$25.06M	1.5%	$15.96	+7.4%	Common	704699107
—	Pacific Continental Corporation	1,534,023	$24.1M	1.4%	$12.20	—	Common	69412V108
—	CoBiz Financial Inc.	1,958,273	$22.91M	1.3%	$8.43	—	Common	190897108
—	Fidelity Southern Corporation	1,460,697	$22.89M	1.3%	$12.67	—	Common	316394105
—	Park Sterling Corp.	3,036,355	$21.53M	1.3%	$6.07	—	Common	70086Y105
—	MB Financial, Inc.	588,021	$21.33M	1.2%	$26.80	—	Common	55264U108
—	Boston Private Financial Holdings, Inc.	1,800,163	$21.21M	1.2%	$10.72	—	Common	101119105
FRME	First Merchants Corp.	783,326	$19.53M	1.1%	$12.64	+48.0%	Common	320817109
—	Southwest Bancorp, Inc.	1,141,867	$19.33M	1.1%	$14.70	—	Common	844767103
—	Lakeland Bancorp, Inc.	1,609,554	$18.32M	1.1%	$11.07	—	Common	511637100
HTBK	Heritage Commerce Corp	1,676,829	$17.66M	1.0%	$7.21	+44.7%	Common	426927109
—	Capital Bank Financial Corp.	605,524	$17.44M	1.0%	$23.06	—	Common	139794101
HFWA	Heritage Financial Corporation	978,738	$17.21M	1.0%	$15.42	+14.8%	Common	42722X106
OSBC	Old Second Bancorp, Inc.	2,513,182	$17.16M	1.0%	$4.43	+46.5%	Common	680277100
—	Cambridge Bancorp	367,126	$17.1M	1.0%	$39.64	—	Common	132152109
—	Heritage Oaks Bancorp	2,068,442	$16.42M	1.0%	$6.58	—	Common	42724R107
—	BSB Bancorp, Inc.	712,224	$16.13M	0.9%	$14.71	—	Common	05573H108
AMH	American Homes 4 Rent	777,800	$15.93M	0.9%	$17.76	—	Common	02665T306
QCRH	QCR Holdings, Inc.	581,835	$15.82M	0.9%	$16.12	+53.3%	Common	74727A104
—	Stonegate Bank	483,496	$15.6M	0.9%	$18.09	—	Common	861811107
FBIZ	First Business Financial Services	660,728	$15.51M	0.9%	$14.08	+32.9%	Common	319390100
—	Codorus Valley Bancorp, Inc.	738,532	$15.04M	0.9%	$19.40	—	Common	192025104
CPF	Central Pacific Financial Corp.	621,399	$14.66M	0.9%	$11.43	+38.0%	Common	154760409
WSBF	Waterstone Financial, Inc.	918,568	$14.08M	0.8%	$11.11	+28.7%	Common	94188P101
SFST	Southern First Bancshares, Inc.	581,009	$14M	0.8%	$12.71	+96.6%	Common	842873101
—	Southeastern Bank Financial Corporation	289,988	$13.92M	0.8%	$27.74	—	Common	841584105
UBSI	United Bankshares	360,711	$13.53M	0.8%	$37.72	0.0%	Common	909907107
WTBFB	W.T.B. Financial Corporation	65,764	$13.22M	0.8%	$158.44	+28.3%	Common	929334209
EGBN	Eagle Bancorp, Inc.	274,490	$13.21M	0.8%	$17.07	+124.9%	Common	268948106
NBHC	National Bank Holdings Corporation	639,700	$13.02M	0.8%	$14.46	+13.9%	Common	633707104
—	Central Valley Community Bancorp	915,895	$12.82M	0.7%	$10.37	—	Common	155685100
—	Union Bankshares Corporation	515,351	$12.73M	0.7%	$25.23	—	Common	90539J109
—	Paragon Commercial Corporation	345,611	$12.1M	0.7%	$26.79	—	Common	69911U403
—	First NBC Bank	718,583	$12.06M	0.7%	$26.43	—	Common	32115D106
BMRC	Bank of Marin Bancorp	240,496	$11.63M	0.7%	$13.89	+31.2%	Common	063425102
PEBO	Peoples Bancorp Inc.	531,231	$11.58M	0.7%	$23.45	-10.4%	Common	709789101
—	Southern National Bancorp of Virginia,Inc.	920,590	$11.19M	0.7%	$10.31	—	Common	843395104
—	Iberiabank Corp	180,534	$10.78M	0.6%	$63.67	—	Common	450828108
—	Old Line Bancshares, Inc.	590,667	$10.63M	0.6%	$13.30	—	Common	67984M100
—	Talmer Bancorp, Inc.	529,200	$10.14M	0.6%	$15.11	—	Common	87482X101
UNTY	Unity Bancorp, Inc.	775,750	$9.86M	0.6%	$6.69	+40.5%	Common	913290102
SBCF	Seacoast Banking Corporation of Florida	600,829	$9.757M	0.6%	$11.18	+45.5%	Common	811707801
—	Avenue Financial Holdings, Inc.	477,700	$9.387M	0.5%	$12.54	—	Common	05358K102
SAMG	Silvercrest Asset Management Group Inc.	757,259	$9.269M	0.5%	$14.11	-11.1%	Common	828359109
—	Atlantic Capital Bancshares, Inc.	621,622	$8.989M	0.5%	$14.80	—	Common	048269203
BSRR	Sierra Bancorp	538,527	$8.988M	0.5%	$9.40	+32.9%	Common	82620P102
NIC	Nicolet Bankshares, Inc.	233,462	$8.89M	0.5%	$37.29	0.0%	Common	65406E102
—	1st Constitution Bancorp	738,160	$8.873M	0.5%	$10.30	—	Common	31986N102
—	Pacific Premier Bancorp, Inc.	368,205	$8.837M	0.5%	$21.37	—	Common	69478X105
—	First Bancshares, Inc.	483,491	$8.35M	0.5%	$14.38	—	Common	318916103
—	First of Long Island Corp.	280,543	$8.043M	0.5%	$30.82	—	Common	320734106
AMBZ	American Business Bank	290,642	$7.949M	0.5%	$24.92	+16.5%	Common	02475L105
FBNC	First Bancorp	450,164	$7.914M	0.5%	$12.31	+30.2%	Common	318910106
—	Allegiance Bancshares, Inc.	315,458	$7.849M	0.5%	$23.47	—	Common	01748H107
WBBW	Westbury Bancorp, Inc.	387,580	$7.558M	0.4%	$16.96	+16.4%	Common	95727P106
SHBI	Shore Bancshares, Inc.	636,970	$7.484M	0.4%	$9.49	+22.5%	Common	825107105
—	FNB Bancorp	263,589	$7.46M	0.4%	$23.11	—	Common	302515101
—	HCSB Financial Corporation	22,238,470	$7.116M	0.4%	$0.12	—	Common	40413R107
SF	Stifel Financial Corp.	219,096	$6.891M	0.4%	$20.09	-1.7%	Common	860630102
—	First Choice Bank	442,148	$6.853M	0.4%	$16.50	—	Common	319461109
—	Community Bankers Trust Corporation	1,317,423	$6.824M	0.4%	$4.15	—	Common	203612106
—	Enterprise Bancorp, Inc.	281,352	$6.75M	0.4%	$21.11	—	Common	293668109
—	MBT Financial Corp.	825,633	$6.605M	0.4%	$5.04	—	Common	578877102
BWFG	Bankwell Financial Group, Inc.	296,444	$6.54M	0.4%	$15.70	+7.9%	Common	06654A103
—	Bryn Mawr Bank Corporation	215,952	$6.306M	0.4%	$25.24	—	Common	117665109
—	United Financial Bancorp, Inc.	485,486	$6.302M	0.4%	$13.42	—	Common	910304104
—	BNC Bancorp	273,205	$6.204M	0.4%	$22.32	—	Common	05566T101
FRBA	First Bank	873,734	$6.064M	0.4%	$5.75	+6.3%	Common	31931U102
—	Yadkin Financial Corporation	239,624	$6.012M	0.4%	$20.33	—	Common	984305102
WTFC	Wintrust Financial Corporation	117,802	$6.008M	0.4%	$36.77	+36.1%	Common	97650W108
SFBS	ServisFirst Bancshares, Inc.	121,600	$6.006M	0.4%	$12.46	+71.0%	Common	81768T108
FVCB	First Virginia Community Bank	300,000	$6M	0.3%	$5.53	+10.9%	Common	36120Q101
—	Macatawa Bank Corporation	794,293	$5.894M	0.3%	$5.54	—	Common	554225102
—	Community Financial Corporation	265,032	$5.868M	0.3%	$20.63	—	Common	20368X101
FCCO	First Community Corporation	418,319	$5.852M	0.3%	$7.60	+48.5%	Common	319835104
—	LegacyTexas Financial Group, Inc.	214,072	$5.761M	0.3%	$23.25	—	Common	52471Y106
CNOB	ConnectOne Bancorp, Inc.	365,000	$5.727M	0.3%	$14.41	-9.5%	Common	20786W107
—	Mackinac Financial Corporation	513,238	$5.651M	0.3%	$9.26	—	Common	554571109
—	Aspen Insurance Holdings Limited	119,012	$5.52M	0.3%	$40.12	—	Common	G05384105
HBNC	Horizon Bancorp	218,142	$5.484M	0.3%	$10.96	-0.9%	Common	440407104
—	Charter Financial Corporation	411,395	$5.463M	0.3%	$10.46	—	Common	16122W108
—	Bay Commercial Bank	450,686	$5.43M	0.3%	$10.07	—	Common	072199102
—	Cardinal Financial Corporation	247,278	$5.425M	0.3%	$17.22	—	Common	14149F109
—	Xenith Bankshares, Inc.	680,926	$5.413M	0.3%	$6.62	—	Common	98410X105
UCB	United Community Banks, Inc.	292,768	$5.355M	0.3%	$18.80	+2.7%	Common	90984P303
—	Northwest Bancorporation, Inc.	582,281	$5.328M	0.3%	$8.81	—	Common	667337109
SMBK	SmartFinancial, Inc.	327,274	$5.236M	0.3%	$15.32	+7.0%	Common	83190L208
OBT	Orange County Bancorp	110,743	$5.172M	0.3%	$10.06	+16.2%	Common	68417L107
—	CommerceWest Bank	349,712	$5.14M	0.3%	$12.79	—	Common	20084T103
FFWM	First Foundation Inc.	238,700	$5.132M	0.3%	$9.99	+1.4%	Common	32026V104
—	NorthWest Indiana Bancorp	176,889	$5.13M	0.3%	$23.62	—	Common	667516108
VABK	Virginia National Bankshares Corp.	209,209	$5.126M	0.3%	$19.28	+18.1%	Common	928031103
—	WashingtonFirst Bankshares, Inc.	236,930	$5.12M	0.3%	$17.39	—	Common	940730104
—	Centrue Financial Corporation	294,038	$5.116M	0.3%	$16.64	—	Common	15643B205
FGFH	Foresight Financial Group, Inc.	201,626	$4.98M	0.3%	$17.94	+19.6%	Common	345526107
AVBH	Avidbank Holdings, Inc.	327,179	$4.793M	0.3%	$10.58	+35.5%	Common	05368J103
—	Sussex Bancorp	358,688	$4.792M	0.3%	$10.65	—	Common	869245100
HTH	Hilltop Holdings Inc.	227,532	$4.776M	0.3%	$15.00	+33.0%	Common	432748101
—	California Bank of Commerce	350,901	$4.716M	0.3%	$10.96	—	Common	13005C101
—	FCB Financial Holdings, Inc.	136,871	$4.654M	0.3%	$23.07	—	Common	30255G103
MNSB	MainStreet Bancshares, Inc.	383,726	$4.566M	0.3%	$10.23	0.0%	Common	56064Y100
—	MainSource Financial Group, Inc.	205,564	$4.533M	0.3%	$14.34	—	Common	56062Y102
—	Bank of Commerce Holdings	681,851	$4.5M	0.3%	$5.74	—	Common	06424J103
AUBN	Auburn National Bancorporation, Inc.	157,639	$4.491M	0.3%	$15.58	+30.5%	Common	050473107
UVSP	Univest Corporation of Pennsylvania	213,403	$4.486M	0.3%	$18.81	+5.8%	Common	915271100
SYBT	Stock Yards Bancorp, Inc.	158,358	$4.47M	0.3%	$20.40	+33.1%	Common	861025104
RVSB	Riverview Bancorp, Inc.	944,564	$4.468M	0.3%	$1.91	+88.2%	Common	769397100
PBAM	Private Bancorp of America, Inc.	285,041	$4.435M	0.3%	$15.80	+2.0%	Common	74274F100
OVLY	Oak Valley Bancorp	454,589	$4.432M	0.3%	$8.25	+15.6%	Common	671807105
—	Carter Bank & Trust	346,558	$4.384M	0.3%	$12.38	—	Common	146102108
—	First Community Financial Partners, Inc.	497,801	$4.381M	0.3%	$4.68	—	Common	31985Q106
WTBA	West Bancorporation, Inc.	233,578	$4.342M	0.3%	$11.55	+59.6%	Common	95123P106
NODB	North Dallas Bank & Trust Co.	70,687	$4.312M	0.3%	$48.15	—	Common	659012108
ISTR	Investar Holding	277,948	$4.275M	0.2%	$14.18	+8.3%	Common	46134L105
EQBK	Equity Bancshares, Inc.	190,000	$4.207M	0.2%	$22.24	-7.8%	Common	29460X109
CCNE	CNB Financial Corporation	231,122	$4.114M	0.2%	$12.97	+3.2%	Common	126128107
HIFS	Hingham Institution for Savings	33,463	$4.113M	0.2%	$58.20	+96.2%	Common	433323102
—	John Marshall Bank	248,000	$3.98M	0.2%	$17.65	—	Common	47804G103
BUSE	First Busey Corporation	182,457	$3.903M	0.2%	$14.09	+4.0%	Common	319383204
BFC	Bank First National Corporation	138,897	$3.889M	0.2%	$17.16	+36.8%	Common	06211J100
BANR	Banner Corporation	91,293	$3.884M	0.2%	$21.83	+38.6%	Common	06652V208
—	Valley Commerce Bancorp	235,303	$3.8M	0.2%	$13.19	—	Common	919518100
—	American River Bankshares	368,357	$3.779M	0.2%	$9.18	—	Common	029326105
—	Westfield Financial Inc.	490,493	$3.777M	0.2%	$7.42	—	Common	96008P104
—	DCB Financial Corp	516,159	$3.639M	0.2%	$5.75	—	Common	233075100
FXNC	First National Corporation	367,720	$3.563M	0.2%	$5.09	+47.7%	Common	32106V107
—	BankFinancial Corporation	295,471	$3.543M	0.2%	$11.79	—	Common	06643P104
—	Century Bancorp, Inc.	83,688	$3.543M	0.2%	$34.44	—	Common	156432106
PKBK	Parke Bancorp, Inc.	267,436	$3.455M	0.2%	$5.00	+59.7%	Common	700885106
FNRN	First Northern Community Bancorp	431,879	$3.412M	0.2%	$5.88	+5.4%	Common	335925103
FMNB	Farmers National Banc Corp.	381,098	$3.354M	0.2%	$4.42	+46.9%	Common	309627107
ORRF	Orrstown Financial Services, Inc	183,883	$3.319M	0.2%	$11.38	+20.8%	Common	687380105
BOTJ	Bank of the James Financial Group, Inc.	269,528	$3.302M	0.2%	$8.53	+1.4%	Common	470299108
—	Flagstar Bancorp, Inc.	133,900	$3.268M	0.2%	$18.01	—	Common	337930705
—	Blackhawk Bancorp, Inc.	179,468	$3.257M	0.2%	$10.45	—	Common	09237E204
—	Guaranty Federal Bancshares, Inc.	199,709	$3.189M	0.2%	$12.79	—	Common	40108P101
ACIC	United Insurance Holdings Corp.	193,369	$3.167M	0.2%	$10.63	+24.4%	Common	910710102
OCFC	OceanFirst Financial Corp.	172,613	$3.136M	0.2%	$9.84	+30.2%	Common	675234108
—	American Riviera Bank	289,797	$3.13M	0.2%	$9.95	—	Common	02932A106
QNBC	QNB Corp.	97,410	$3.117M	0.2%	$26.29	+18.0%	Common	74726N107
—	National Commerce Corporation	132,999	$3.102M	0.2%	$22.81	—	Common	63546L102
—	West Suburban Bancorp, Inc.	6,847	$3.084M	0.2%	$350.61	—	Common	956152409
BCBP	BCB Bancorp, Inc.	300,000	$3.072M	0.2%	$6.30	+0.8%	Common	055298103
—	Northeast Community Bancorp, Inc.	489,307	$3.068M	0.2%	$6.46	—	Common	664112109
MFGI	Merchants Financial Group, Inc.	66,212	$3.046M	0.2%	$9.87	+21.7%	Common	588538108
—	Malvern Bancorp, Inc.	193,319	$3.016M	0.2%	$13.00	—	Common	561409103
TFIN	Triumph Bancorp, Inc.	188,000	$3.008M	0.2%	$13.63	+16.5%	Common	89679E300
CSHX	Cashmere Valley Bank	72,558	$2.975M	0.2%	$25.11	+17.9%	Common	14756K102
—	Sunshine Bancorp, Inc.	210,000	$2.974M	0.2%	$15.20	—	Common	86777J108
FRBKQ	Republic First Bancorp, Inc.	670,900	$2.892M	0.2%	$2.90	+52.8%	Common	760416107
—	1st Capital Bank	252,326	$2.889M	0.2%	$11.36	—	Common	31944C107
—	Northway Financial, Inc.	134,054	$2.842M	0.2%	$20.37	—	Common	667270201
—	Fauquier Bancshares, Inc.	194,963	$2.833M	0.2%	$12.52	—	Common	312059108
—	Lake Shore Bancorp	217,427	$2.833M	0.2%	$12.61	—	Common	510700107
PSBQ	PSB Holdings, Inc.	62,779	$2.825M	0.2%	$9.64	+57.4%	Common	69360N108
—	Chicopee Bancorp, Inc.	153,730	$2.807M	0.2%	$16.88	—	Common	168565109
—	Emclaire Financial Corp.	117,207	$2.806M	0.2%	$23.94	—	Common	290828102
—	Carolina Financial Corporation	150,000	$2.802M	0.2%	$18.00	—	Common	143873107
LFGP	Ledyard Financial Group, Inc.	58,214	$2.794M	0.2%	$15.06	+4.4%	Common	523338101
—	Premier Commercial Bancorp	380,972	$2.781M	0.2%	$4.49	—	Common	74048M100
—	Guaranty Bancorp	162,259	$2.71M	0.2%	$12.69	—	Common	40075T607
PEBK	Peoples Bancorp of North Carolina, Inc.	137,887	$2.704M	0.2%	$12.36	+40.2%	Common	710577107
—	First Menasha Bancshares, Inc.	33,503	$2.655M	0.2%	$79.25	—	Common	320999675
—	Bank of Southern California, N. A.	320,000	$2.64M	0.2%	$6.50	—	Common	065104101
—	First Security, Inc.	112,742	$2.604M	0.2%	$27.17	—	Common	336327101
—	Veritex Holdings, Inc.	160,860	$2.577M	0.2%	$14.17	—	Common	923451108
—	National General Holdings Corporation	120,000	$2.57M	0.1%	$14.00	—	Common	636220303
—	Manning & Napier, Inc.	268,603	$2.552M	0.1%	$12.50	—	Common	56382Q102
SBNC	Southern BancShares (N.C.), Inc.	1,577	$2.523M	0.1%	$1712.38	-2.9%	Common	842243107
—	Bridge Bancorp Inc.	87,965	$2.498M	0.1%	$25.83	—	Common	108035106
—	Midsouth Bancorp, Inc.	247,693	$2.487M	0.1%	$12.70	—	Common	598039105
JRVR	James River Group Holdings, Ltd.	73,210	$2.486M	0.1%	$22.03	+48.1%	Common	G5005R107
—	Mechanics Bank	89	$2.425M	0.1%	$25644.84	—	Common	583614102
—	Illini Corporation	36,532	$2.375M	0.1%	$42.70	—	Common	45177K206
—	Suncrest Bank	329,363	$2.355M	0.1%	$6.87	—	Common	86723G109
FISI	Financial Institutions, Inc.	88,261	$2.301M	0.1%	$14.66	+24.8%	Common	317585404
CBKM	Consumers Bancorp, Inc.	136,792	$2.278M	0.1%	$13.41	-11.8%	Common	210509105
—	Cordia Bancorp Inc.	451,063	$2.273M	0.1%	$3.74	—	Common	218513109
—	Regent Bancorp, Inc.	253,517	$2.256M	0.1%	$8.90	—	Common	75886V102
—	County Bancorp, Inc.	108,381	$2.235M	0.1%	$19.75	—	Common	221907108
BANC	Banc of California, Inc.	123,204	$2.23M	0.1%	$9.14	+67.8%	Common	05990K106
—	Independent Alliance Banks, Inc.	74,370	$2.227M	0.1%	$25.10	—	Common	45380E104
—	Carolina Trust Bank	372,714	$2.199M	0.1%	$3.48	—	Common	144200102
FFBB	Communities First Financial Corporation	216,167	$2.131M	0.1%	$10.35	-4.1%	Common	20344D104
DHIL	Diamond Hill Investment Group, Inc.	11,288	$2.127M	0.1%	$41.91	+146.9%	Common	25264R207
PFLC	Pacific Financial Corporation	296,821	$2.125M	0.1%	$4.57	+3.5%	Common	694275108
EFSI	Eagle Financial Services Inc.	92,266	$2.113M	0.1%	$15.23	+7.4%	Common	26951R104
PGNN	Paragon Financial Solutions, Inc.	338,632	$2.086M	0.1%	$6.45	-0.4%	Common	69912S100
HFBL	Home Federal Bancorp, Inc. of Louisiana	96,556	$2.071M	0.1%	$9.51	+16.4%	Common	43708L108
FNLC	The First Bancorp, Inc.	94,800	$2.042M	0.1%	$9.14	+38.3%	Common	31866P102
—	SBT Bancorp, Inc.	104,718	$2.042M	0.1%	$25.01	—	Common	78391C106
—	Puget Sound Bank	108,158	$2.034M	0.1%	$17.75	—	Common	74532B107
QNTO	Quaint Oak Bancorp	173,000	$2.024M	0.1%	$9.90	+19.4%	Common	74732T106
—	Royal Financial, Inc.	173,265	$2.01M	0.1%	$5.77	—	Common	78027P109
—	SouthCrest Financial Group, Inc.	290,886	$1.984M	0.1%	$5.61	—	Common	84129X107
—	Presidio Bank	143,544	$1.959M	0.1%	$12.07	—	Common	74101A100
—	Carolina Bank Holdings, Inc.	110,400	$1.93M	0.1%	$11.81	—	Common	143785103
—	Green Bancorp, Inc.	220,100	$1.919M	0.1%	$12.08	—	Common	39260X100
WASH	Washington Trust Bancorp, Inc.	50,575	$1.918M	0.1%	$20.38	+11.5%	Common	940610108
BKOR	Oak Ridge Financial Services, Inc.	195,702	$1.918M	0.1%	$7.17	—	Common	671768109
TCBK	TriCo Bancshares	69,118	$1.908M	0.1%	$21.62	+24.7%	Common	896095106
CZFS	Citizens Financial Services	37,104	$1.892M	0.1%	$34.54	-1.3%	Common	174615104
—	Commerce Union Bancshares, Inc.	122,020	$1.863M	0.1%	$14.11	—	Common	200828101
—	First BancTrust Corporation	102,940	$1.822M	0.1%	$16.27	—	Common	31868G100
—	Atlantic Coast Financial Corporation	303,311	$1.814M	0.1%	$4.65	—	Common	048426100
FCOB	1st Colonial Bancorp	228,765	$1.775M	0.1%	$5.47	+32.4%	Common	319716106
TRVR	Two Rivers Financial Group, Inc.	77,082	$1.754M	0.1%	$16.86	+13.9%	Common	90206L106
—	People's Bank of Commerce	186,888	$1.751M	0.1%	$9.61	—	Common	710311101
—	GrandSouth Bancorporation	125,000	$1.75M	0.1%	$9.47	—	Common	386627301
—	ESSA Bancorp, Inc.	128,218	$1.718M	0.1%	$11.18	—	Common	29667D104
—	HomeTown Bankshares Corporation	180,618	$1.714M	0.1%	$6.33	—	Common	43787N108
—	Independent Bank Group, Inc	38,500	$1.652M	0.1%	$30.40	—	Common	45384B106
—	Sevier County Bancshares, Inc.	110,000	$1.65M	0.1%	$10.00	—	Common	81817P206
—	Eastern Virginia Bankshares, Inc.	215,078	$1.624M	0.1%	$5.00	—	Common	277196101
—	Aquesta Financial Holdings, Inc.	201,368	$1.611M	0.1%	$8.46	—	Common	03842L109
MVLY	Mission Valley Bancorp	209,658	$1.604M	0.1%	$6.17	+20.7%	Common	60520E104
IROQ	IF Bancorp, Inc.	84,072	$1.542M	0.1%	$16.71	+10.8%	Common	44951J105
—	Community Bank of Santa Maria	198,824	$1.535M	0.1%	$7.37	—	Common	203598107
—	Bank of Santa Clarita	152,930	$1.511M	0.1%	$9.20	—	Common	06424K100
—	Access National Corporation	77,021	$1.503M	0.1%	$13.05	—	Common	004337101
TCBI	Texas Capital Bancshares, Inc.	31,936	$1.493M	0.1%	$45.57	-1.7%	Common	88224Q107
FGBI	First Guaranty Bancshares, Inc.	92,477	$1.48M	0.1%	$9.61	-8.6%	Common	32043P106
—	First Defiance Financial Corp.	37,963	$1.475M	0.1%	$22.60	—	Common	32006W106
SRCE	1st Source Corporation	45,000	$1.458M	0.1%	$30.88	—	Common	336901103
—	Fentura Financial, Inc.	106,975	$1.423M	0.1%	$10.96	—	Common	314645102
—	Federated National Holding Company	74,000	$1.409M	0.1%	$21.62	—	Common	31422T101
—	C1 Financial, Inc.	60,000	$1.4M	0.1%	$20.34	—	Common	12591N109
SOMC	Southern Michigan Bancorp Inc.	52,630	$1.395M	0.1%	$6.72	+45.1%	Common	84336P103
—	Idaho Independent Bank	173,232	$1.389M	0.1%	$7.19	—	Common	45129P105
—	Merchants Bancshares, Inc.	41,901	$1.277M	0.1%	$29.91	—	Common	588448100
PBNK	Pinnacle Bank	173,166	$1.273M	0.1%	$6.39	+4.1%	Common	72346K107
—	Clifton Bancorp Inc.	83,332	$1.256M	0.1%	$11.72	—	Common	186873105
SSBI	Summit State Bank	90,755	$1.246M	0.1%	$6.23	+19.4%	Common	866264203
—	Foundation Bancorp, Inc.	100,376	$1.211M	0.1%	$9.44	—	Common	35040A105
—	ProAm?rica Bank	42,623	$1.198M	0.1%	$20.63	—	Common	74272W105
—	Fox Chase Bancorp, Inc.	58,429	$1.188M	0.1%	$18.12	—	Common	35137T108
AMFC	AMB Financial Corp.	93,750	$1.181M	0.1%	$8.50	+42.1%	Common	001984103
—	Two River Bancorp	107,922	$1.172M	0.1%	$10.51	—	Common	90207C105
—	First Colebrook Bancorp, Inc.	60,627	$1.091M	0.1%	$21.04	—	Common	31971A107
—	Coastal Banking Co., Inc.	83,615	$1.086M	0.1%	$8.85	—	Common	19041N100
—	PB Bancorp, Inc.	125,601	$1.058M	0.1%	$8.40	—	Common	70454T100
CYFL	Century Financial Corporation	67,238	$1.049M	0.1%	$9.17	+23.7%	Common	15652L102
—	DNB Financial Corporation	43,641	$1.03M	0.1%	$20.08	—	Common	233237106
—	CommunityOne Bancorp	78,700	$995K	0.1%	$11.38	—	Common	20416Q108
—	Professional Holding Corp.	90,000	$990K	0.1%	$11.06	—	Common	743139107
MBCN	Middlefield Banc Corp.	30,963	$980K	0.1%	$10.21	+17.9%	Common	596304204
—	HopFed Bancorp, Inc.	84,406	$978K	0.1%	$10.80	—	Common	439734104
—	Franklin Financial Network, Inc.	30,500	$956K	0.1%	$17.31	—	Common	35352P104
BHB	Bar Harbor Bankshares	26,408	$927K	0.1%	$10.17	+55.1%	Common	066849100
RCBC	River City Bank	7,327	$911K	0.1%	$10.03	+24.1%	Common	76803X106
—	FirstAtlantic Financial Holdings, Inc.	84,363	$877K	0.1%	$9.75	—	Common	337651103
—	Town and Country Financial Corporation	63,728	$860K	0.1%	$10.82	—	Common	892039108
—	Bank of Napa, N.A.	84,006	$840K	0.0%	$8.93	—	Common	063770101
—	Salisbury Bancorp, Inc.	26,216	$781K	0.0%	$26.30	—	Common	795226109
CBFV	CB Financial Services, Inc.	36,401	$775K	0.0%	$13.40	+8.5%	Common	12479G101
SOME	Somerset Trust Holding Company	18,644	$764K	0.0%	$29.67	-3.6%	Common	835126103
GLBZ	Glen Burnie Bancorp	70,849	$756K	0.0%	$7.75	-2.0%	Common	377407101
—	Birmingham Bloomfield Bancshares, Inc.	81,630	$747K	0.0%	$8.52	—	Common	091112102
—	Commencement Bank	78,500	$714K	0.0%	$12.98	—	Common	20051L109
PFBC	Preferred Bank	24,600	$710K	0.0%	$16.93	+83.9%	Common	740367404
LKFN	Lakeland Financial Corporation	15,092	$709K	0.0%	$13.19	+85.3%	Common	511656100
—	Kentucky Bancshares, Inc.	26,094	$705K	0.0%	$28.18	—	Common	491203105
TRCY	Tri City Bankshares Corporation	40,400	$683K	0.0%	$16.91	—	Common	895364107
CZBC	Citizens Bancorp	54,837	$680K	0.0%	$9.70	+2.9%	Common	172950107
CBOE	CBOE Holdings	10,000	$666K	0.0%	$33.33	+69.9%	Common	12503M108
—	Village Bank and Trust Financial Corp.	29,133	$655K	0.0%	$17.39	—	Common	92705T200
—	Lighthouse Bank	45,479	$644K	0.0%	$11.89	—	Common	53223T106
—	Surrey Bancorp	44,785	$537K	0.0%	$11.09	—	Common	86888W105
—	Sun Bancorp, Inc.	24,380	$504K	0.0%	$4.01	—	Common	86663B102
—	York Traditions Bank	38,237	$459K	0.0%	$11.72	—	Common	987159100
SOBS	Solvay Bank Corporation	13,608	$446K	0.0%	$18.87	+0.5%	Common	83441Q105
—	AJS Bancorp, Inc.	29,500	$440K	0.0%	$14.19	—	Common	001503101
—	Mars National Bancorp	1,054	$402K	0.0%	$407.30	—	Common	571697101
LOB	Live Oak Bancshares	25,000	$353K	0.0%	$19.67	-22.5%	Common	53803X105
—	Santa Cruz County Bank	10,878	$337K	0.0%	$25.56	—	Common	801827106
—	Heartland BancCorp	6,080	$334K	0.0%	$48.19	—	Common	421962101
BAOB	Baraboo Bancorporation, Inc.	187,645	$328K	0.0%	$1.28	+12.5%	Common	067021105
—	Bancorp of New Jersey, Inc.	22,716	$265K	0.0%	$11.58	—	Common	059915108
—	Centerpointe Community Bank	31,200	$262K	0.0%	$6.96	—	Common	15200G100
—	La Porte Bancorp, Inc.	15,100	$247K	0.0%	$16.36	—	Common	516651106
—	Old Point Financial Corporation	11,927	$229K	0.0%	$13.10	—	Common	680194107
TOWN	TowneBank	10,000	$217K	0.0%	$18.50	+13.3%	Common	89214P109
—	Pacific Commerce Bancorp	34,150	$208K	0.0%	$6.09	—	Common	69413A103
EMYB	Embassy Bancorp, Inc.	16,093	$169K	0.0%	$6.66	+31.4%	Common	290791102
—	Howard Bancorp, Inc.	11,187	$145K	0.0%	$11.32	—	Common	442496105
—	State Bank Corp.	21,100	$135K	0.0%	$6.02	—	Common	856121108
—	Cornerstone Financial	93,071	$112K	0.0%	$2.51	—	Common	21925G102