Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFSC	Enterprise Financial Services Corp	1,511,028	$64.97M	2.8%	$12.68	+145.0%	Common	293712105
MBWM	Mercantile Bank Corporation	1,442,474	$54.38M	2.3%	$11.94	+85.9%	Common	587376104
—	State Bank Financial Corporation	1,879,045	$50.47M	2.1%	$16.89	—	Common	856190103
PGC	Peapack-Gladstone Financial Corporation	1,456,387	$44.97M	1.9%	$16.32	+47.7%	Common	704699107
—	TriState Capital Holdings, Inc.	2,030,869	$44.88M	1.9%	$11.11	—	Common	89678F100
—	Sandy Spring Bancorp Inc.	1,091,067	$43.63M	1.9%	$22.87	—	Common	800363103
—	CU Bancorp	1,170,453	$41.9M	1.8%	$18.62	—	Common	126534106
—	Suffolk Bancorp	932,743	$39.94M	1.7%	$16.61	—	Common	864739107
—	First Midwest Bancorp, Inc.	1,556,540	$39.27M	1.7%	$14.20	—	Common	320867104
—	CenterState Banks, Inc.	1,556,329	$39.17M	1.7%	$9.74	—	Common	15201P109
—	Fidelity Southern Corporation	1,571,486	$37.2M	1.6%	$13.45	—	Common	316394105
—	Park Sterling Corp.	3,199,994	$34.53M	1.5%	$6.27	—	Common	70086Y105
—	Southwest Bancorp, Inc.	1,135,282	$32.92M	1.4%	$14.70	—	Common	844767103
—	Lakeland Bancorp, Inc.	1,684,554	$32.85M	1.4%	$11.45	—	Common	511637100
—	Pacific Continental Corporation	1,467,129	$32.06M	1.4%	$12.20	—	Common	69412V108
—	CoBiz Financial Inc.	1,760,423	$29.73M	1.3%	$8.43	—	Common	190897108
—	Boston Private Financial Holdings, Inc.	1,755,163	$29.05M	1.2%	$10.72	—	Common	101119105
FRME	First Merchants Corp.	764,326	$28.78M	1.2%	$12.64	+91.1%	Common	320817109
OSBC	Old Second Bancorp, Inc.	2,565,882	$28.35M	1.2%	$4.48	+85.4%	Common	680277100
—	MB Financial, Inc.	588,021	$27.77M	1.2%	$26.80	—	Common	55264U108
—	Capital Bank Financial Corp.	689,132	$27.05M	1.1%	$24.52	—	Common	139794101
—	Stonegate Bank	630,146	$26.3M	1.1%	$22.34	—	Common	861811107
NBHC	National Bank Holdings Corporation	815,520	$26.01M	1.1%	$16.12	+35.2%	Common	633707104
HFWA	Heritage Financial Corporation	964,731	$24.84M	1.1%	$15.42	+38.7%	Common	42722X106
QCRH	QCR Holdings, Inc.	534,628	$23.15M	1.0%	$16.12	+117.3%	Common	74727A104
—	BSB Bancorp, Inc.	763,824	$22.11M	0.9%	$15.44	—	Common	05573H108
—	Heritage Oaks Bancorp	1,788,348	$22.05M	0.9%	$6.58	—	Common	42724R107
—	Codorus Valley Bancorp, Inc.	759,869	$21.73M	0.9%	$19.84	—	Common	192025104
FRBKQ	Republic First Bancorp, Inc.	2,540,059	$21.21M	0.9%	$4.83	+14.4%	Common	760416107
HTBK	Heritage Commerce Corp	1,403,708	$20.26M	0.9%	$7.21	+68.5%	Common	426927109
SFST	Southern First Bancshares, Inc.	547,521	$19.71M	0.8%	$12.71	+137.1%	Common	842873101
—	First Bancshares, Inc.	708,843	$19.49M	0.8%	$18.55	—	Common	318916103
—	Union Bankshares Corporation	515,351	$18.42M	0.8%	$25.23	—	Common	90539J109
—	Central Valley Community Bancorp	908,424	$18.13M	0.8%	$10.64	—	Common	155685100
—	Southeastern Bank Financial Corporation	281,988	$17.89M	0.8%	$27.74	—	Common	841584105
PEBO	Peoples Bancorp Inc.	546,882	$17.75M	0.8%	$23.57	+17.5%	Common	709789101
FBIZ	First Business Financial Services	735,728	$17.45M	0.7%	$14.43	+20.3%	Common	319390100
WSBF	Waterstone Financial, Inc.	943,769	$17.36M	0.7%	$11.24	+57.1%	Common	94188P101
EGBN	Eagle Bancorp, Inc.	274,490	$16.73M	0.7%	$17.07	+150.5%	Common	268948106
—	Cambridge Bancorp	267,844	$16.68M	0.7%	$39.64	—	Common	132152109
CNOB	ConnectOne Bancorp, Inc.	642,153	$16.66M	0.7%	$14.71	+20.2%	Common	20786W107
AMH	American Homes 4 Rent	777,800	$16.32M	0.7%	$17.76	—	Common	02665T306
—	Iberiabank Corp	190,534	$15.96M	0.7%	$64.72	—	Common	450828108
—	Paragon Commercial Corporation	363,911	$15.91M	0.7%	$27.26	—	Common	69911U403
WTBFB	W.T.B. Financial Corporation	61,404	$15.66M	0.7%	$159.11	+40.0%	Common	929334209
BMRC	Bank of Marin Bancorp	212,555	$14.83M	0.6%	$13.89	+61.1%	Common	063425102
—	Allegiance Bancshares, Inc.	409,587	$14.81M	0.6%	$25.42	—	Common	01748H107
—	Southern National Bancorp of Virginia,Inc.	896,012	$14.64M	0.6%	$10.31	—	Common	843395104
FBNC	First Bancorp	500,164	$13.57M	0.6%	$13.01	+48.2%	Common	318910106
—	Chemical Financial Corp.	250,046	$13.54M	0.6%	$44.13	—	Common	163731102
SBCF	Seacoast Banking Corporation of Florida	600,829	$13.25M	0.6%	$11.18	+69.9%	Common	811707801
BSRR	Sierra Bancorp	478,312	$12.72M	0.5%	$9.40	+64.2%	Common	82620P102
NIC	Nicolet Bankshares, Inc.	263,511	$12.57M	0.5%	$37.16	+9.1%	Common	65406E102
EQBK	Equity Bancshares, Inc.	357,464	$12.03M	0.5%	$24.86	+12.6%	Common	29460X109
—	First of Long Island Corp.	420,815	$12.01M	0.5%	$30.07	—	Common	320734106
—	Old Line Bancshares, Inc.	499,377	$11.97M	0.5%	$13.30	—	Common	67984M100
—	Malvern Bancorp, Inc.	561,994	$11.89M	0.5%	$17.98	—	Common	561409103
—	1st Constitution Bancorp	625,332	$11.69M	0.5%	$10.30	—	Common	31986N102
—	Enterprise Bancorp, Inc.	308,137	$11.57M	0.5%	$21.71	—	Common	293668109
—	Atlantic Capital Bancshares, Inc.	606,622	$11.53M	0.5%	$14.80	—	Common	048269203
SF	Stifel Financial Corp.	219,096	$10.94M	0.5%	$20.09	+32.7%	Common	860630102
SHBI	Shore Bancshares, Inc.	711,956	$10.86M	0.5%	$9.91	+39.1%	Common	825107105
UNTY	Unity Bancorp, Inc.	653,769	$10.26M	0.4%	$6.69	+76.3%	Common	913290102
—	National Commerce Corporation	273,157	$10.15M	0.4%	$26.95	—	Common	63546L102
FRBA	First Bank	869,734	$10.09M	0.4%	$5.75	+53.4%	Common	31931U102
SAMG	Silvercrest Asset Management Group Inc.	757,259	$9.958M	0.4%	$14.11	-11.6%	Common	828359109
—	Community Bankers Trust Corporation	1,369,309	$9.927M	0.4%	$4.19	—	Common	203612106
AMBZ	American Business Bank	283,642	$9.913M	0.4%	$24.92	+22.0%	Common	02475L105
FFWM	First Foundation Inc.	344,099	$9.807M	0.4%	$10.41	+17.0%	Common	32026V104
BWFG	Bankwell Financial Group, Inc.	296,444	$9.634M	0.4%	$15.70	+41.3%	Common	06654A103
HBNC	Horizon Bancorp	334,284	$9.36M	0.4%	$12.34	+21.8%	Common	440407104
—	MBT Financial Corp.	819,233	$9.298M	0.4%	$5.04	—	Common	578877102
—	LegacyTexas Financial Group, Inc.	214,072	$9.218M	0.4%	$23.25	—	Common	52471Y106
SFBS	ServisFirst Bancshares, Inc.	243,200	$9.105M	0.4%	$20.02	+37.8%	Common	81768T108
—	FNB Bancorp	279,268	$9.09M	0.4%	$23.64	—	Common	302515101
—	United Financial Bancorp, Inc.	485,486	$8.816M	0.4%	$13.42	—	Common	910304104
—	First Choice Bank	529,090	$8.793M	0.4%	$16.52	—	Common	319461109
—	Pacific Premier Bancorp, Inc.	247,485	$8.749M	0.4%	$21.37	—	Common	69478X105
—	Veritex Holdings, Inc.	326,960	$8.733M	0.4%	$20.88	—	Common	923451108
UCB	United Community Banks, Inc.	292,768	$8.672M	0.4%	$18.80	+33.2%	Common	90984P303
—	Bank of Commerce Holdings	907,526	$8.621M	0.4%	$6.24	—	Common	06424J103
—	MainSource Financial Group, Inc.	248,564	$8.551M	0.4%	$16.17	—	Common	56062Y102
WTFC	Wintrust Financial Corporation	117,802	$8.549M	0.4%	$36.77	+68.9%	Common	97650W108
—	Xenith Bankshares, Inc.	299,606	$8.449M	0.4%	$3.29	—	Common	98410X105
ISTR	Investar Holding	446,734	$8.332M	0.4%	$14.84	+15.5%	Common	46134L105
UVSP	Univest Corporation of Pennsylvania	269,452	$8.326M	0.4%	$19.54	+36.5%	Common	915271100
—	BNC Bancorp	259,393	$8.275M	0.4%	$22.32	—	Common	05566T101
—	Yadkin Financial Corporation	239,624	$8.21M	0.3%	$20.33	—	Common	984305102
—	Macatawa Bank Corporation	788,293	$8.206M	0.3%	$5.54	—	Common	554225102
WBBW	Westbury Bancorp, Inc.	387,580	$8.023M	0.3%	$16.96	+18.8%	Common	95727P106
WNEB	Western New England Bancorp, Inc.	838,287	$7.838M	0.3%	$6.21	+4.5%	Common	958892101
—	Community Financial Corporation	261,132	$7.573M	0.3%	$20.63	—	Common	20368X101
—	Bryn Mawr Bank Corporation	178,971	$7.544M	0.3%	$25.24	—	Common	117665109
—	DCB Financial Corp	397,367	$7.371M	0.3%	$5.75	—	Common	233075100
FGFH	Foresight Financial Group, Inc.	238,878	$7.107M	0.3%	$18.53	+25.1%	Common	345526107
—	Charter Financial Corporation	423,695	$7.063M	0.3%	$10.64	—	Common	16122W108
—	Sussex Bancorp	327,627	$6.847M	0.3%	$10.65	—	Common	869245100
—	CapStar Financial Holdings, Inc.	310,000	$6.808M	0.3%	$16.92	—	Common	14070T102
—	WashingtonFirst Bankshares, Inc.	234,796	$6.807M	0.3%	$17.65	—	Common	940730104
HTH	Hilltop Holdings Inc.	227,532	$6.78M	0.3%	$15.00	+77.2%	Common	432748101
—	NorthWest Indiana Bancorp	173,868	$6.755M	0.3%	$24.65	—	Common	667516108
FCCO	First Community Corporation	373,319	$6.738M	0.3%	$7.60	+71.4%	Common	319835104
HIFS	Hingham Institution for Savings	33,463	$6.585M	0.3%	$58.20	+150.3%	Common	433323102
CCNE	CNB Financial Corporation	245,195	$6.557M	0.3%	$13.21	+33.3%	Common	126128107
—	Aspen Insurance Holdings Limited	119,012	$6.546M	0.3%	$40.12	—	Common	G05384105
—	FCB Financial Holdings, Inc.	136,871	$6.529M	0.3%	$23.07	—	Common	30255G103
—	Franklin Financial Network, Inc.	155,500	$6.508M	0.3%	$37.04	—	Common	35352P104
—	Centrue Financial Corporation	296,027	$6.305M	0.3%	$16.64	—	Common	15643B205
QNBC	QNB Corp.	175,659	$6.289M	0.3%	$30.28	+15.0%	Common	74726N107
FVCB	First Virginia Community Bank	372,500	$6.258M	0.3%	$5.88	+19.9%	Common	36120Q101
—	County Bancorp, Inc.	231,335	$6.239M	0.3%	$20.61	—	Common	221907108
BCML	BayCom Corp.	416,716	$6.192M	0.3%	$11.91	0.0%	Common	07272M107
PBAM	Private Bancorp of America, Inc.	318,541	$6.173M	0.3%	$15.80	+9.2%	Common	74274F100
—	Northwest Bancorporation, Inc.	598,281	$6.162M	0.3%	$8.84	—	Common	667337109
—	BankFinancial Corporation	414,471	$6.142M	0.3%	$12.05	—	Common	06643P104
OBT	Orange County Bancorp	129,228	$6.012M	0.3%	$10.27	+12.1%	Common	68417L107
VABK	Virginia National Bankshares Corp.	209,209	$5.962M	0.3%	$19.28	+29.2%	Common	928031103
OVLY	Oak Valley Bancorp	464,989	$5.836M	0.2%	$8.48	+33.0%	Common	671807105
AVBH	Avidbank Holdings, Inc.	322,179	$5.831M	0.2%	$10.58	+58.1%	Common	05368J103
—	First Community Financial Partners, Inc.	497,801	$5.824M	0.2%	$4.68	—	Common	31985Q106
WTBA	West Bancorporation, Inc.	233,578	$5.769M	0.2%	$11.55	+88.5%	Common	95123P106
—	American River Bankshares	378,388	$5.717M	0.2%	$9.22	—	Common	029326105
—	Cardinal Financial Corporation	172,278	$5.649M	0.2%	$17.22	—	Common	14149F109
BUSE	First Busey Corporation	182,457	$5.616M	0.2%	$14.09	+30.8%	Common	319383204
—	First NBC Bank	758,583	$5.538M	0.2%	$25.42	—	Common	32115D106
SMBK	SmartFinancial, Inc.	298,367	$5.538M	0.2%	$15.37	+17.0%	Common	83190L208
—	Fentura Financial, Inc.	343,590	$5.497M	0.2%	$14.43	—	Common	314645102
BFC	Bank First National Corporation	164,697	$5.489M	0.2%	$18.57	+41.4%	Common	06211J100
—	California Bank of Commerce	355,501	$5.457M	0.2%	$11.01	—	Common	13005C101
—	Carolina Financial Corporation	173,300	$5.336M	0.2%	$19.72	—	Common	143873107
MNSB	MainStreet Bancshares, Inc.	373,726	$5.307M	0.2%	$10.23	+13.8%	Common	56064Y100
—	Bridge Bancorp Inc.	137,965	$5.229M	0.2%	$30.20	—	Common	108035106
FBK	FB Financial Corp.	200,000	$5.19M	0.2%	$18.53	+11.3%	Common	30257X104
—	John Marshall Bank	248,000	$5.146M	0.2%	$17.65	—	Common	47804G103
—	DNB Financial Corporation	180,783	$5.134M	0.2%	$25.80	—	Common	233237106
TFIN	Triumph Bancorp, Inc.	189,300	$4.95M	0.2%	$13.63	+56.5%	Common	89679E300
FMNB	Farmers National Banc Corp.	338,334	$4.804M	0.2%	$4.42	+96.4%	Common	309627107
—	American Riviera Bank	312,265	$4.715M	0.2%	$10.12	—	Common	02932A106
—	First Menasha Bancshares, Inc.	33,503	$4.69M	0.2%	$79.25	—	Common	320999675
—	CommerceWest Bank	254,972	$4.488M	0.2%	$12.79	—	Common	20084T103
—	Northway Financial, Inc.	167,400	$4.486M	0.2%	$21.17	—	Common	667270201
TRCY	Tri City Bankshares Corporation	229,290	$4.402M	0.2%	$17.52	—	Common	895364107
—	Guaranty Bancorp	181,802	$4.4M	0.2%	$19.02	—	Common	40075T607
—	First Defiance Financial Corp.	85,850	$4.356M	0.2%	$38.30	—	Common	32006W106
FNRN	First Northern Community Bancorp	437,279	$4.198M	0.2%	$5.89	+15.7%	Common	335925103
—	Green Bancorp, Inc.	272,400	$4.14M	0.2%	$12.68	—	Common	39260X100
BOTJ	Bank of the James Financial Group, Inc.	269,528	$4.089M	0.2%	$8.53	+16.4%	Common	470299108
—	Blackhawk Bancorp, Inc.	177,336	$4.079M	0.2%	$10.62	—	Common	09237E204
PSBQ	PSB Holdings, Inc.	69,089	$4.076M	0.2%	$10.24	+64.8%	Common	69360N108
ACIC	United Insurance Holdings Corp.	261,459	$3.958M	0.2%	$10.80	+3.8%	Common	910710102
BCBP	BCB Bancorp, Inc.	300,000	$3.9M	0.2%	$6.30	+22.2%	Common	055298103
MFGI	Merchants Financial Group, Inc.	71,346	$3.881M	0.2%	$10.10	+31.6%	Common	588538108
—	First Security, Inc.	162,125	$3.829M	0.2%	$26.15	—	Common	336327101
CSHX	Cashmere Valley Bank	80,258	$3.792M	0.2%	$25.80	+28.8%	Common	14756K102
RVSB	Riverview Bancorp, Inc.	541,574	$3.791M	0.2%	$1.91	+147.7%	Common	769397100
—	Eastern Virginia Bankshares, Inc.	361,087	$3.773M	0.2%	$7.20	—	Common	277196101
—	Northeast Community Bancorp, Inc.	475,600	$3.757M	0.2%	$6.46	—	Common	664112109
BANR	Banner Corporation	66,293	$3.7M	0.2%	$21.83	+61.4%	Common	06652V208
—	Bank of Southern California, N. A.	320,000	$3.68M	0.2%	$6.50	—	Common	065104101
NODB	North Dallas Bank & Trust Co.	50,626	$3.668M	0.2%	$48.15	—	Common	659012108
AUBN	Auburn National Bancorporation, Inc.	115,811	$3.626M	0.2%	$15.58	+33.2%	Common	050473107
—	1st Capital Bank	307,932	$3.618M	0.2%	$11.43	—	Common	31944C107
—	Flagstar Bancorp, Inc.	133,900	$3.607M	0.2%	$18.01	—	Common	337930705
—	Sunshine Bancorp, Inc.	210,000	$3.599M	0.2%	$15.20	—	Common	86777J108
—	Suncrest Bank	342,503	$3.596M	0.2%	$6.92	—	Common	86723G109
—	Lake Shore Bancorp	219,879	$3.577M	0.2%	$12.65	—	Common	510700107
—	Independent Alliance Banks, Inc.	92,657	$3.512M	0.1%	$27.43	—	Common	45380E104
SYBT	Stock Yards Bancorp, Inc.	73,751	$3.463M	0.1%	$20.40	+92.6%	Common	861025104
—	West Suburban Bancorp, Inc.	7,028	$3.444M	0.1%	$352.55	—	Common	956152409
—	Emclaire Financial Corp.	117,207	$3.428M	0.1%	$23.94	—	Common	290828102
SBNC	Southern BancShares (N.C.), Inc.	1,617	$3.396M	0.1%	$1711.21	+0.9%	Common	842243107
—	Midsouth Bancorp, Inc.	247,693	$3.369M	0.1%	$12.70	—	Common	598039105
—	Carter Bank & Trust	249,558	$3.317M	0.1%	$12.38	—	Common	146102108
—	Century Bancorp, Inc.	55,098	$3.306M	0.1%	$34.44	—	Common	156432106
—	First BancTrust Corporation	152,737	$3.299M	0.1%	$17.49	—	Common	31868G100
PFLC	Pacific Financial Corporation	341,228	$3.283M	0.1%	$4.68	+16.5%	Common	694275108
PPBN	Pinnacle Bankshares Corporation	112,580	$3.251M	0.1%	$15.23	+18.3%	Common	72345E102
LFGP	Ledyard Financial Group, Inc.	59,364	$3.218M	0.1%	$15.11	+15.2%	Common	523338101
OCFC	OceanFirst Financial Corp.	102,613	$3.081M	0.1%	$9.84	+69.0%	Common	675234108
FXNC	First National Corporation	237,418	$3.051M	0.1%	$5.09	+89.0%	Common	32106V107
—	Mackinac Financial Corporation	226,307	$3.048M	0.1%	$9.26	—	Common	554571109
JRVR	James River Group Holdings, Ltd.	73,210	$3.042M	0.1%	$22.03	+76.1%	Common	G5005R107
—	Two River Bancorp	202,922	$3.028M	0.1%	$10.99	—	Common	90207C105
PGNN	Paragon Financial Solutions, Inc.	392,532	$3.022M	0.1%	$6.56	+11.2%	Common	69912S100
FISI	Financial Institutions, Inc.	88,261	$3.019M	0.1%	$14.66	+36.7%	Common	317585404
—	National General Holdings Corporation	120,000	$2.999M	0.1%	$14.00	—	Common	636220303
—	Valley Commerce Bancorp	122,936	$2.987M	0.1%	$13.19	—	Common	919518100
CZFS	Citizens Financial Services	55,573	$2.945M	0.1%	$35.15	+4.4%	Common	174615104
—	Fauquier Bancshares, Inc.	176,476	$2.938M	0.1%	$12.52	—	Common	312059108
FNLC	The First Bancorp, Inc.	86,800	$2.873M	0.1%	$9.14	+90.5%	Common	31866P102
—	Carolina Bank Holdings, Inc.	110,400	$2.852M	0.1%	$11.81	—	Common	143785103
—	Premier Commercial Bancorp	340,972	$2.837M	0.1%	$4.49	—	Common	74048M100
WASH	Washington Trust Bancorp, Inc.	50,575	$2.835M	0.1%	$20.38	+49.4%	Common	940610108
PEBK	Peoples Bancorp of North Carolina, Inc.	110,217	$2.763M	0.1%	$12.94	+55.0%	Common	710577107
—	Commerce Union Bancshares, Inc.	122,020	$2.625M	0.1%	$14.11	—	Common	200828101
HFBL	Home Federal Bancorp, Inc. of Louisiana	96,556	$2.593M	0.1%	$9.51	+29.6%	Common	43708L108
FFBB	Communities First Financial Corporation	224,567	$2.583M	0.1%	$10.37	+3.1%	Common	20344D104
—	Merchants Bancshares, Inc.	47,612	$2.581M	0.1%	$30.48	—	Common	588448100
—	Federated National Holding Company	138,000	$2.579M	0.1%	$20.26	—	Common	31422T101
TCBI	Texas Capital Bancshares, Inc.	31,936	$2.504M	0.1%	$45.57	+48.0%	Common	88224Q107
—	SBT Bancorp, Inc.	104,718	$2.501M	0.1%	$25.01	—	Common	78391C106
—	SouthCrest Financial Group, Inc.	297,736	$2.456M	0.1%	$5.66	—	Common	84129X107
BKOR	Oak Ridge Financial Services, Inc.	195,702	$2.427M	0.1%	$7.17	—	Common	671768109
—	Independent Bank Group, Inc	38,500	$2.402M	0.1%	$30.40	—	Common	45384B106
EFSI	Eagle Financial Services Inc.	93,084	$2.397M	0.1%	$15.23	+14.8%	Common	26951R104
—	Carolina Trust BancShares, Inc.	373,964	$2.393M	0.1%	$6.10	—	Common	14422P105
ORRF	Orrstown Financial Services, Inc	103,164	$2.311M	0.1%	$11.38	+39.2%	Common	687380105
MVLY	Mission Valley Bancorp	218,908	$2.299M	0.1%	$6.22	+40.2%	Common	60520E104
FCOB	1st Colonial Bancorp	234,948	$2.232M	0.1%	$5.54	+54.0%	Common	319716106
—	HCSB Financial Corporation	22,238,470	$2.224M	0.1%	$0.12	—	Common	40413R107
—	Puget Sound Bank	110,958	$2.219M	0.1%	$17.81	—	Common	74532B107
FGBI	First Guaranty Bancshares, Inc.	92,477	$2.213M	0.1%	$9.61	+12.0%	Common	32043P106
—	Presidio Bank	143,544	$2.211M	0.1%	$12.07	—	Common	74101A100
CBKM	Consumers Bancorp, Inc.	136,792	$2.19M	0.1%	$13.41	-9.9%	Common	210509105
—	ESSA Bancorp, Inc.	138,218	$2.173M	0.1%	$11.51	—	Common	29667D104
BANC	Banc of California, Inc.	123,204	$2.138M	0.1%	$9.14	+35.8%	Common	05990K106
—	Manning & Napier, Inc.	278,603	$2.103M	0.1%	$12.32	—	Common	56382Q102
CYFL	Century Financial Corporation	115,515	$2.079M	0.1%	$10.77	+21.8%	Common	15652L102
QNTO	Quaint Oak Bancorp	173,000	$2.076M	0.1%	$9.90	+19.8%	Common	74732T106
SOMC	Southern Michigan Bancorp Inc.	69,430	$2.076M	0.1%	$7.65	+39.6%	Common	84336P103
TCBK	TriCo Bancshares	59,618	$2.038M	0.1%	$21.62	+37.5%	Common	896095106
SRCE	1st Source Corporation	45,000	$2.01M	0.1%	$30.88	—	Common	336901103
TRVR	Two Rivers Financial Group, Inc.	82,782	$1.966M	0.1%	$17.02	+12.8%	Common	90206L106
—	Royal Financial, Inc.	165,915	$1.933M	0.1%	$5.77	—	Common	78027P109
—	People's Bank of Commerce	186,887	$1.897M	0.1%	$9.61	—	Common	710311101
—	Bank of Santa Clarita	159,930	$1.855M	0.1%	$9.29	—	Common	06424K100
—	Aquesta Financial Holdings, Inc.	201,368	$1.832M	0.1%	$8.46	—	Common	03842L109
—	First Colebrook Bancorp, Inc.	81,627	$1.771M	0.1%	$21.21	—	Common	31971A107
—	Community Bank of Santa Maria	173,824	$1.747M	0.1%	$7.37	—	Common	203598107
—	HomeTown Bankshares Corporation	187,843	$1.738M	0.1%	$6.43	—	Common	43787N108
—	York Traditions Bank	116,079	$1.683M	0.1%	$13.20	—	Common	987159100
—	GrandSouth Bancorporation	125,000	$1.678M	0.1%	$9.47	—	Common	386627301
INBK	First Internet Bancorp	52,000	$1.664M	0.1%	$27.26	0.0%	Common	320557101
—	Coastal Banking Co., Inc.	105,326	$1.581M	0.1%	$10.12	—	Common	19041N100
—	FirstAtlantic Financial Holdings, Inc.	140,788	$1.577M	0.1%	$10.17	—	Common	337651103
UBSI	United Bankshares	33,759	$1.561M	0.1%	$37.72	+12.5%	Common	909907107
IROQ	IF Bancorp, Inc.	84,072	$1.555M	0.1%	$16.71	+12.9%	Common	44951J105
—	PB Bancorp, Inc.	150,301	$1.488M	0.1%	$8.65	—	Common	70454T100
MBCN	Middlefield Banc Corp.	36,941	$1.43M	0.1%	$10.80	+28.3%	Common	596304204
—	Kentucky Bancshares, Inc.	43,757	$1.422M	0.1%	$29.32	—	Common	491203105
—	Clifton Bancorp Inc.	83,332	$1.41M	0.1%	$11.72	—	Common	186873105
AMFC	AMB Financial Corp.	93,750	$1.406M	0.1%	$8.50	+57.3%	Common	001984103
PBNK	Pinnacle Bank	173,166	$1.385M	0.1%	$6.39	+14.0%	Common	72346K107
SSBI	Summit State Bank	90,755	$1.361M	0.1%	$6.23	+22.5%	Common	866264203
—	Birmingham Bloomfield Bancshares, Inc.	81,630	$1.326M	0.1%	$8.52	—	Common	091112102
SOME	Somerset Trust Holding Company	29,274	$1.317M	0.1%	$29.90	+1.4%	Common	835126103
—	Bank of Napa, N.A.	110,430	$1.292M	0.1%	$9.43	—	Common	063770101
BHB	Bar Harbor Bankshares	26,408	$1.25M	0.1%	$10.17	+94.5%	Common	066849100
—	Sevier County Bancshares, Inc.	110,000	$1.172M	0.0%	$10.00	—	Common	81817P206
CZBC	Citizens Bancorp	79,337	$1.142M	0.0%	$9.76	+4.3%	Common	172950107
—	Lighthouse Bank	74,595	$1.138M	0.0%	$13.21	—	Common	53223T106
DHIL	Diamond Hill Investment Group, Inc.	5,255	$1.106M	0.0%	$41.91	+169.0%	Common	25264R207
RCBC	River City Bank	7,827	$1.096M	0.0%	$10.20	+30.5%	Common	76803X106
LKFN	Lakeland Financial Corporation	22,638	$1.072M	0.0%	$17.81	+80.3%	Common	511656100
—	Professional Holding Corp.	90,000	$990K	0.0%	$11.06	—	Common	743139107
—	Salisbury Bancorp, Inc.	26,216	$983K	0.0%	$26.30	—	Common	795226109
—	Commencement Bank	85,200	$944K	0.0%	$12.83	—	Common	20051L109
CBFV	CB Financial Services, Inc.	36,401	$941K	0.0%	$13.40	+25.7%	Common	12479G101
GLBZ	Glen Burnie Bancorp	70,849	$815K	0.0%	$7.75	-2.9%	Common	377407101
—	Village Bank and Trust Financial Corp.	29,133	$778K	0.0%	$17.39	—	Common	92705T200
—	Town and Country Financial Corporation	45,313	$725K	0.0%	$10.82	—	Common	892039108
PKBK	Parke Bancorp, Inc.	33,910	$683K	0.0%	$5.00	+104.9%	Common	700885106
—	Sun Bancorp, Inc.	24,380	$634K	0.0%	$26.00	—	Common	86663B201
—	Pacific Commerce Bancorp	80,150	$632K	0.0%	$6.33	—	Common	69413A103
SOBS	Solvay Bank Corporation	16,899	$625K	0.0%	$19.04	+3.8%	Common	83441Q105
—	Centerpointe Community Bank	54,500	$571K	0.0%	$8.46	—	Common	15200G100
—	Surrey Bancorp	44,785	$506K	0.0%	$11.09	—	Common	86888W105
LOB	Live Oak Bancshares	25,000	$463K	0.0%	$19.67	-15.6%	Common	53803X105
—	AJS Bancorp, Inc.	29,500	$457K	0.0%	$14.19	—	Common	001503101
—	Santa Cruz County Bank	10,878	$430K	0.0%	$25.56	—	Common	801827106
BAOB	Baraboo Bancorporation, Inc.	137,405	$412K	0.0%	$1.28	+80.2%	Common	067021105
—	Mars National Bancorp	1,054	$411K	0.0%	$407.30	—	Common	571697101
—	Heartland BancCorp	6,080	$389K	0.0%	$48.19	—	Common	421962101
—	State Bank Corp.	34,400	$263K	0.0%	$6.65	—	Common	856121108
—	Howard Bancorp, Inc.	11,187	$169K	0.0%	$11.32	—	Common	442496105
—	Cornerstone Financial	93,071	$82,000	0.0%	$2.51	—	Common	21925G102