Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFSC	Enterprise Financial Services Corp	1,226,274	$50.03M	2.3%	$12.68	+179.8%	Common	293712105
—	State Bank Financial Corporation	1,844,691	$50.03M	2.3%	$17.35	—	Common	856190103
—	TriState Capital Holdings, Inc.	1,832,796	$46.19M	2.1%	$11.11	—	Common	89678F100
PGC	Peapack-Gladstone Financial Corporation	1,468,387	$45.95M	2.1%	$16.58	+73.9%	Common	704699107
MBWM	Mercantile Bank Corporation	1,407,132	$44.3M	2.0%	$12.07	+94.4%	Common	587376104
—	Sandy Spring Bancorp Inc.	862,316	$35.06M	1.6%	$22.87	—	Common	800363103
—	CenterState Banks, Inc.	1,353,929	$33.66M	1.5%	$9.91	—	Common	15201P109
—	Fidelity Southern Corporation	1,418,478	$32.43M	1.5%	$13.45	—	Common	316394105
—	Park Sterling Corp.	2,598,233	$30.87M	1.4%	$6.37	—	Common	70086Y105
—	Lakeland Bancorp, Inc.	1,512,747	$28.52M	1.3%	$11.45	—	Common	511637100
OSBC	Old Second Bancorp, Inc.	2,460,082	$28.41M	1.3%	$4.48	+138.3%	Common	680277100
—	CoBiz Financial Inc.	1,615,933	$28.12M	1.3%	$8.43	—	Common	190897108
—	First Midwest Bancorp, Inc.	1,163,507	$27.12M	1.2%	$14.43	—	Common	320867104
NBHC	National Bank Holdings Corporation	816,620	$27.04M	1.2%	$16.12	+61.1%	Common	633707104
—	Boston Private Financial Holdings, Inc.	1,730,163	$26.56M	1.2%	$10.72	—	Common	101119105
—	BSB Bancorp, Inc.	899,860	$26.32M	1.2%	$17.47	—	Common	05573H108
—	Southern National Bancorp of Virginia,Inc.	1,480,747	$26.06M	1.2%	$13.16	—	Common	843395104
SFST	Southern First Bancshares, Inc.	622,521	$23.06M	1.0%	$15.32	+124.2%	Common	842873101
QCRH	QCR Holdings, Inc.	485,128	$23M	1.0%	$16.12	+167.2%	Common	74727A104
FRBKQ	Republic First Bancorp, Inc.	2,470,059	$22.85M	1.0%	$4.83	+84.1%	Common	760416107
—	Codorus Valley Bancorp, Inc.	759,429	$21.57M	1.0%	$19.84	—	Common	192025104
SBCF	Seacoast Banking Corporation of Florida	880,169	$21.21M	1.0%	$14.90	+59.7%	Common	811707801
NIC	Nicolet Bankshares, Inc.	372,262	$20.37M	0.9%	$40.54	+20.2%	Common	65406E102
—	Paragon Commercial Corporation	380,977	$19.99M	0.9%	$28.44	—	Common	69911U403
—	Central Valley Community Bancorp	898,927	$19.92M	0.9%	$10.64	—	Common	155685100
HFWA	Heritage Financial Corporation	749,423	$19.86M	0.9%	$16.01	+56.6%	Common	42722X106
—	First Bancshares, Inc.	708,843	$19.56M	0.9%	$18.55	—	Common	318916103
—	Southwest Bancorp, Inc.	744,106	$19.01M	0.9%	$14.70	—	Common	844767103
HTBK	Heritage Commerce Corp	1,373,708	$18.93M	0.9%	$7.21	+92.0%	Common	426927109
—	Stonegate Bank	408,604	$18.87M	0.9%	$22.34	—	Common	861811107
FBNC	First Bancorp	592,556	$18.52M	0.8%	$14.86	+67.3%	Common	318910106
WTBFB	W.T.B. Financial Corporation	63,904	$18.21M	0.8%	$163.51	+72.0%	Common	929334209
FBIZ	First Business Financial Services	786,198	$18.14M	0.8%	$14.75	+31.1%	Common	319390100
WSBF	Waterstone Financial, Inc.	938,769	$17.7M	0.8%	$11.24	+67.4%	Common	94188P101
CNOB	ConnectOne Bancorp, Inc.	784,153	$17.68M	0.8%	$15.61	+19.9%	Common	20786W107
PEBO	Peoples Bancorp Inc.	546,882	$17.57M	0.8%	$23.57	+36.7%	Common	709789101
AMH	American Homes 4 Rent	777,800	$17.55M	0.8%	$17.76	—	Common	02665T306
—	Allegiance Bancshares, Inc.	455,253	$17.44M	0.8%	$26.62	—	Common	01748H107
—	Cambridge Bancorp	255,544	$17.18M	0.8%	$40.53	—	Common	132152109
—	Iberiabank Corp	209,534	$17.08M	0.8%	$66.06	—	Common	450828108
—	Union Bankshares Corporation	502,351	$17.03M	0.8%	$25.23	—	Common	90539J109
UNTY	Unity Bancorp, Inc.	976,562	$16.8M	0.8%	$9.28	+54.8%	Common	913290102
EGBN	Eagle Bancorp, Inc.	254,490	$16.11M	0.7%	$17.07	+173.4%	Common	268948106
—	MB Financial, Inc.	363,159	$15.99M	0.7%	$26.80	—	Common	55264U108
FRBA	First Bank	1,364,734	$15.9M	0.7%	$7.58	+42.4%	Common	31931U102
—	Veritex Holdings, Inc.	596,442	$15.7M	0.7%	$23.83	—	Common	923451108
—	CU Bancorp	429,258	$15.52M	0.7%	$18.62	—	Common	126534106
—	National Commerce Corporation	385,351	$15.24M	0.7%	$30.56	—	Common	63546L102
EQBK	Equity Bancshares, Inc.	467,943	$14.34M	0.7%	$26.23	+10.7%	Common	29460X109
—	Old Line Bancshares, Inc.	494,377	$13.93M	0.6%	$13.30	—	Common	67984M100
—	Malvern Bancorp, Inc.	568,994	$13.63M	0.6%	$17.98	—	Common	561409103
ISTR	Investar Holding Corporation	594,513	$13.61M	0.6%	$16.46	+36.3%	Common	46134L105
FFWM	First Foundation Inc.	814,398	$13.38M	0.6%	$12.52	+16.5%	Common	32026V104
CCNE	CNB Financial Corporation	546,087	$13.09M	0.6%	$16.50	+9.8%	Common	126128107
BWFG	Bankwell Financial Group, Inc.	412,094	$12.87M	0.6%	$18.63	+47.0%	Common	06654A103
—	Sussex Bancorp	524,767	$12.78M	0.6%	$17.55	—	Common	869245100
—	First Choice Bank	545,254	$12.38M	0.6%	$16.67	—	Common	319461109
SHBI	Shore Bancshares, Inc.	718,456	$11.82M	0.5%	$9.91	+67.3%	Common	825107105
—	Bank of Commerce Holdings	1,067,326	$11.79M	0.5%	$6.96	—	Common	06424J103
—	1st Constitution Bancorp	626,844	$11.06M	0.5%	$10.30	—	Common	31986N102
—	First of Long Island Corp.	385,315	$11.02M	0.5%	$30.07	—	Common	320734106
—	FNB Bancorp	398,950	$10.96M	0.5%	$24.86	—	Common	302515101
—	Enterprise Bancorp, Inc.	308,137	$10.95M	0.5%	$21.71	—	Common	293668109
BSRR	Sierra Bancorp	445,312	$10.93M	0.5%	$9.40	+99.7%	Common	82620P102
—	Community Bankers Trust Corporation	1,308,705	$10.8M	0.5%	$4.19	—	Common	203612106
AMBZ	American Business Bank	243,642	$10.23M	0.5%	$24.92	+63.9%	Common	02475L105
SAMG	Silvercrest Asset Management Group Inc.	757,259	$10.19M	0.5%	$14.11	-7.6%	Common	828359109
—	Xenith Bankshares, Inc.	327,606	$10.18M	0.5%	$25.77	—	Common	984102202
SF	Stifel Financial Corp.	219,096	$10.07M	0.5%	$20.09	+35.7%	Common	860630102
—	Community Financial Corporation	261,132	$10.05M	0.5%	$20.63	—	Common	20368X101
—	Carolina Financial Corporation	310,661	$10.04M	0.5%	$24.53	—	Common	143873107
SMBK	SmartFinancial, Inc.	398,367	$9.513M	0.4%	$16.73	+36.9%	Common	83190L208
FRME	First Merchants Corp.	227,681	$9.139M	0.4%	$12.64	+144.5%	Common	320817109
—	Green Bancorp, Inc.	468,011	$9.079M	0.4%	$14.82	—	Common	39260X100
—	United Financial Bancorp, Inc.	535,086	$8.931M	0.4%	$13.72	—	Common	910304104
BY	Byline Bancorp, Inc.	430,000	$8.622M	0.4%	$18.32	0.0%	Common	124411109
QNBC	QNB Corp.	212,984	$8.59M	0.4%	$31.87	+26.7%	Common	74726N107
AVBH	Avidbank Holdings, Inc.	427,043	$8.434M	0.4%	$12.85	+51.0%	Common	05368J103
—	DNB Financial Corporation	245,767	$8.43M	0.4%	$28.00	—	Common	233237106
—	Atlantic Capital Bancshares, Inc.	436,082	$8.286M	0.4%	$14.80	—	Common	048269203
WBBW	Westbury Bancorp, Inc.	396,242	$8.262M	0.4%	$17.03	+20.1%	Common	95727P106
PBAM	Private Bancorp of America, Inc.	356,324	$8.213M	0.4%	$17.30	+31.7%	Common	74274F100
HBNC	Horizon Bancorp	309,284	$8.15M	0.4%	$12.34	+40.9%	Common	440407104
UCB	United Community Banks, Inc.	292,768	$8.139M	0.4%	$18.80	+43.8%	Common	90984P303
FGFH	Foresight Financial Group, Inc.	264,538	$7.976M	0.4%	$19.29	+36.9%	Common	345526107
—	WashingtonFirst Bankshares, Inc.	227,760	$7.865M	0.4%	$17.65	—	Common	940730104
—	MBT Financial Corp.	804,233	$7.801M	0.4%	$5.04	—	Common	578877102
—	LegacyTexas Financial Group, Inc.	204,072	$7.781M	0.4%	$23.25	—	Common	52471Y106
VABK	Virginia National Bankshares Corp.	209,209	$7.678M	0.3%	$19.28	+65.5%	Common	928031103
—	Charter Financial Corporation	423,695	$7.627M	0.3%	$10.64	—	Common	16122W108
—	Bryn Mawr Bank Corporation	178,971	$7.606M	0.3%	$25.24	—	Common	117665109
FBK	FB Financial Corp.	209,868	$7.595M	0.3%	$19.65	+64.9%	Common	30257X104
—	Macatawa Bank Corporation	788,293	$7.52M	0.3%	$5.54	—	Common	554225102
—	Standard AVB Financial Corp.	265,650	$7.505M	0.3%	$27.80	—	Common	85303B100
TFIN	Triumph Bancorp, Inc.	298,300	$7.323M	0.3%	$17.28	+34.2%	Common	89679E300
—	NorthWest Indiana Bancorp	178,668	$7.236M	0.3%	$25.07	—	Common	667516108
BFC	Bank First National Corporation	198,844	$7.208M	0.3%	$20.46	+47.2%	Common	06211J100
—	Northwest Bancorporation, Inc.	598,281	$7.179M	0.3%	$8.84	—	Common	667337109
FCCO	First Community Corporation	328,319	$6.895M	0.3%	$7.60	+118.8%	Common	319835104
—	MainSource Financial Group, Inc.	198,564	$6.654M	0.3%	$16.17	—	Common	56062Y102
SFBS	ServisFirst Bancshares, Inc.	179,900	$6.637M	0.3%	$20.02	+58.7%	Common	81768T108
FVCB	First Virginia Community Bank	334,200	$6.584M	0.3%	$5.88	+40.2%	Common	36120Q101
—	BankFinancial Corporation	440,707	$6.575M	0.3%	$12.20	—	Common	06643P104
OVLY	Oak Valley Bancorp	472,489	$6.568M	0.3%	$8.63	+62.5%	Common	671807105
BMRC	Bank of Marin Bancorp	106,593	$6.561M	0.3%	$13.89	+72.1%	Common	063425102
—	FCB Financial Holdings, Inc.	136,871	$6.536M	0.3%	$23.07	—	Common	30255G103
MNSB	MainStreet Bancshares, Inc.	402,300	$6.457M	0.3%	$10.53	+36.9%	Common	56064Y100
—	First Community Financial Partners, Inc.	497,801	$6.422M	0.3%	$4.68	—	Common	31985Q106
OBT	Orange County Bancorp	137,228	$6.367M	0.3%	$10.34	+13.9%	Common	68417L107
MVBF	MVB Financial Corp.	478,261	$6.313M	0.3%	$10.99	-1.3%	Common	553810102
—	Fentura Financial, Inc.	343,590	$6.271M	0.3%	$14.43	—	Common	314645102
FNRN	First Northern Community Bancorp	522,865	$6.248M	0.3%	$6.46	+46.9%	Common	335925103
—	Independent Alliance Banks, Inc.	93,786	$6.213M	0.3%	$27.87	—	Common	45380E104
—	California BanCorp	325,501	$6.185M	0.3%	$11.01	—	Common	13005C101
HIFS	Hingham Institution for Savings	33,463	$6.088M	0.3%	$58.20	+175.8%	Common	433323102
—	Franklin Financial Network, Inc.	147,500	$6.084M	0.3%	$37.04	—	Common	35352P104
HTH	Hilltop Holdings Inc.	227,532	$5.964M	0.3%	$15.00	+76.7%	Common	432748101
—	Aspen Insurance Holdings Limited	119,012	$5.933M	0.3%	$40.12	—	Common	G05384105
MSBI	Midland States Bancorp, Inc.	176,095	$5.903M	0.3%	$22.42	0.0%	Common	597742105
BANC	Banc of California, Inc.	274,204	$5.895M	0.3%	$13.64	+26.9%	Common	05990K106
—	CapStar Financial Holdings, Inc.	323,300	$5.735M	0.3%	$16.95	—	Common	14070T102
—	American River Bankshares	392,419	$5.694M	0.3%	$9.53	—	Common	029326105
—	American Riviera Bank	339,665	$5.689M	0.3%	$10.59	—	Common	02932A106
FISI	Financial Institutions, Inc.	188,261	$5.61M	0.3%	$18.35	+17.8%	Common	317585404
PFLC	Pacific Financial Corporation	640,323	$5.539M	0.3%	$5.37	+13.1%	Common	694275108
CSHX	Cashmere Valley Bank	103,653	$5.53M	0.3%	$28.43	+37.8%	Common	14756K102
WTBA	West Bancorporation, Inc.	233,578	$5.524M	0.3%	$11.55	+99.2%	Common	95123P106
BCML	BayCom Corp.	308,172	$5.378M	0.2%	$11.91	+30.8%	Common	07272M107
—	Northway Financial, Inc.	193,906	$5.371M	0.2%	$22.04	—	Common	667270201
—	Flagstar Bancorp, Inc.	173,900	$5.36M	0.2%	$20.88	—	Common	337930705
BUSE	First Busey Corporation	182,457	$5.35M	0.2%	$14.09	+49.5%	Common	319383204
JMSB	John Marshall Bank	248,000	$5.158M	0.2%	$17.62	-6.0%	Common	47805L101
MFGI	Merchants Financial Group, Inc.	83,360	$5.135M	0.2%	$10.89	+51.0%	Common	588538108
—	County Bancorp, Inc.	212,335	$5.096M	0.2%	$20.61	—	Common	221907108
PSBQ	PSB Holdings, Inc.	75,997	$5.073M	0.2%	$11.23	+90.6%	Common	69360N108
RVSB	Riverview Bancorp, Inc.	746,574	$4.957M	0.2%	$3.01	+82.4%	Common	769397100
SBNC	Southern BancShares (N.C.), Inc.	2,355	$4.95M	0.2%	$1816.77	+14.1%	Common	842243107
—	Guaranty Bancorp	181,802	$4.945M	0.2%	$19.02	—	Common	40075T607
—	Century Bancorp, Inc.	76,904	$4.891M	0.2%	$41.92	—	Common	156432106
—	Brookline-MA	325,000	$4.745M	0.2%	$14.60	—	Common	11373M107
TRCY	Tri City Bankshares Corporation	241,618	$4.687M	0.2%	$17.59	—	Common	895364107
—	Bridge Bancorp Inc.	137,965	$4.594M	0.2%	$30.20	—	Common	108035106
—	Sunshine Bancorp, Inc.	213,600	$4.552M	0.2%	$15.41	—	Common	86777J108
—	First Defiance Financial Corp.	85,850	$4.523M	0.2%	$38.30	—	Common	32006W106
FMNB	Farmers National Banc Corp.	307,433	$4.458M	0.2%	$4.42	+130.0%	Common	309627107
—	Community Bank of Bergen County, NJ	189,967	$4.369M	0.2%	$23.00	—	Common	203489109
—	1st Capital Bank	319,598	$4.315M	0.2%	$11.49	—	Common	31944C107
MBCN	Middlefield Banc Corp.	84,991	$4.284M	0.2%	$15.31	+24.5%	Common	596304204
—	West Suburban Bancorp, Inc.	7,174	$4.27M	0.2%	$357.49	—	Common	956152409
—	Two River Bancorp	223,495	$4.155M	0.2%	$11.60	—	Common	90207C105
BCBP	BCB Bancorp, Inc.	270,000	$4.131M	0.2%	$6.30	+61.8%	Common	055298103
ACIC	United Insurance Holdings Corp.	261,459	$4.113M	0.2%	$10.80	+14.2%	Common	910710102
—	Bank of Southern California, N. A.	320,000	$4.112M	0.2%	$6.50	—	Common	065104101
—	Northeast Community Bancorp, Inc.	475,600	$4.009M	0.2%	$6.46	—	Common	664112109
—	First Security, Inc.	162,125	$4.005M	0.2%	$26.15	—	Common	336327101
—	Guaranty Bancshares, Inc.	125,000	$3.994M	0.2%	$31.95	—	Common	400764106
BOTJ	Bank of the James Financial Group, Inc.	266,172	$3.982M	0.2%	$8.53	+29.5%	Common	470299108
AUBN	Auburn National Bancorporation, Inc.	107,253	$3.962M	0.2%	$16.51	+52.9%	Common	050473107
—	CommerceWest Bank	192,472	$3.907M	0.2%	$12.95	—	Common	20084T103
PGNN	Paragon Financial Solutions, Inc.	399,532	$3.816M	0.2%	$6.59	+33.2%	Common	69912S100
—	Carter Bank & Trust	244,558	$3.791M	0.2%	$12.38	—	Common	146102108
—	Capital Bank Financial Corp.	97,171	$3.702M	0.2%	$24.52	—	Common	139794101
KINS	Kingstone Companies, Inc.	240,500	$3.68M	0.2%	$11.70	+10.3%	Common	496719105
NODB	North Dallas Bank & Trust Co.	50,626	$3.612M	0.2%	$48.15	—	Common	659012108
FXNC	First National Corporation	239,418	$3.507M	0.2%	$5.09	+125.0%	Common	32106V107
—	Suncrest Bank	348,503	$3.485M	0.2%	$6.97	—	Common	86723G109
—	Lake Shore Bancorp	219,879	$3.463M	0.2%	$12.65	—	Common	510700107
—	Puget Sound Bank	140,458	$3.427M	0.2%	$19.31	—	Common	74532B107
—	Premier Commercial Bancorp	365,576	$3.4M	0.2%	$4.81	—	Common	74048M100
—	Commencement Bank	251,560	$3.396M	0.2%	$13.25	—	Common	20051L109
—	First BancTrust Corporation	164,135	$3.389M	0.2%	$17.84	—	Common	31868G100
FFBB	Communities First Financial Corporation	224,567	$3.369M	0.2%	$10.37	+39.2%	Common	20344D104
—	Fauquier Bancshares, Inc.	176,476	$3.353M	0.2%	$12.52	—	Common	312059108
—	Kentucky Bancshares, Inc.	84,029	$3.311M	0.2%	$33.48	—	Common	491203105
—	Emclaire Financial Corp.	117,207	$3.268M	0.1%	$23.94	—	Common	290828102
—	Mackinac Financial Corporation	226,307	$3.166M	0.1%	$9.26	—	Common	554571109
CZFS	Citizens Financial Services	58,350	$3.15M	0.1%	$35.37	+12.3%	Common	174615104
PPBN	Pinnacle Bankshares Corporation	112,580	$3.147M	0.1%	$15.23	+48.3%	Common	72345E102
LFGP	Ledyard Financial Group, Inc.	52,364	$3.142M	0.1%	$15.11	+33.0%	Common	523338101
MVLY	Mission Valley Bancorp	218,908	$3.032M	0.1%	$6.22	+87.9%	Common	60520E104
—	SouthCrest Financial Group, Inc.	351,336	$3.004M	0.1%	$6.07	—	Common	84129X107
—	Carolina Trust BancShares, Inc.	393,964	$2.947M	0.1%	$6.17	—	Common	14422P105
—	Commerce Union Bancshares, Inc.	122,020	$2.913M	0.1%	$14.11	—	Common	200828101
EFSI	Eagle Financial Services Inc.	93,084	$2.909M	0.1%	$15.23	+44.7%	Common	26951R104
—	HCSB Financial Corporation	22,238,470	$2.891M	0.1%	$0.12	—	Common	40413R107
BHB	Bar Harbor Bankshares	93,021	$2.867M	0.1%	$18.02	+21.1%	Common	066849100
—	Revere Bank	100,000	$2.85M	0.1%	$28.50	—	Common	761402106
EMYB	Embassy Bancorp, Inc.	188,437	$2.821M	0.1%	$11.67	+3.9%	Common	290791102
FGBI	First Guaranty Bancshares, Inc.	103,264	$2.813M	0.1%	$10.12	+43.7%	Common	32043P106
FCOB	1st Colonial Bancorp	246,693	$2.714M	0.1%	$5.75	+82.6%	Common	319716106
CYFL	Century Financial Corporation	125,515	$2.667M	0.1%	$11.03	+32.7%	Common	15652L102
HFBL	Home Federal Bancorp, Inc. of Louisiana	98,556	$2.656M	0.1%	$9.60	+43.3%	Common	43708L108
—	Howard Bancorp, Inc.	136,187	$2.622M	0.1%	$18.10	—	Common	442496105
BKOR	Oak Ridge Financial Services, Inc.	199,352	$2.621M	0.1%	$7.24	—	Common	671768109
WASH	Washington Trust Bancorp, Inc.	50,575	$2.607M	0.1%	$20.38	+53.9%	Common	940610108
CBKM	Consumers Bancorp, Inc.	136,792	$2.599M	0.1%	$13.41	+3.0%	Common	210509105
—	SBT Bancorp, Inc.	104,718	$2.597M	0.1%	$25.01	—	Common	78391C106
—	CBT Financial Corporation	69,000	$2.56M	0.1%	$37.10	—	Common	12495U100
—	Bank of Santa Clarita	159,930	$2.559M	0.1%	$9.29	—	Common	06424K100
—	National General Holdings Corporation	120,000	$2.532M	0.1%	$14.00	—	Common	636220303
TRVR	Two Rivers Financial Group, Inc.	93,708	$2.525M	0.1%	$17.33	+19.2%	Common	90206L106
TCBI	Texas Capital Bancshares, Inc.	31,936	$2.472M	0.1%	$45.57	+69.0%	Common	88224Q107
—	People's Bank of Commerce	196,230	$2.453M	0.1%	$9.75	—	Common	710311101
SOMC	Southern Michigan Bancorp Inc.	69,430	$2.395M	0.1%	$7.65	+74.6%	Common	84336P103
—	York Traditions Bank	134,465	$2.393M	0.1%	$13.72	—	Common	987159100
—	Aquesta Financial Holdings, Inc.	220,856	$2.319M	0.1%	$8.58	—	Common	03842L109
—	Independent Bank Group, Inc	38,500	$2.291M	0.1%	$30.40	—	Common	45384B106
—	Coastal Banking Co., Inc.	129,985	$2.281M	0.1%	$11.49	—	Common	19041N100
QNTO	Quaint Oak Bancorp	173,000	$2.28M	0.1%	$9.90	+31.4%	Common	74732T106
—	Federated National Holding Company	138,000	$2.208M	0.1%	$20.26	—	Common	31422T101
—	South State Corporation	25,649	$2.198M	0.1%	$89.34	—	Common	840441109
—	ESSA Bancorp, Inc.	138,218	$2.035M	0.1%	$11.51	—	Common	29667D104
PBNK	Pinnacle Bank	235,317	$2.024M	0.1%	$6.69	+16.7%	Common	72346K107
—	HomeTown Bankshares Corporation	187,842	$2.019M	0.1%	$6.43	—	Common	43787N108
SABK	South Atlantic Bancshares, Inc.	124,898	$1.998M	0.1%	$16.00	—	Common	83636T104
UVSP	Univest Corporation of Pennsylvania	64,452	$1.93M	0.1%	$19.54	+46.9%	Common	915271100
CZBC	Citizens Bancorp	130,712	$1.921M	0.1%	$10.60	+12.2%	Common	172950107
—	Pacific Continental Corporation	74,300	$1.898M	0.1%	$12.20	—	Common	69412V108
CYSM	Community Bancorp of Santa Maria	173,824	$1.869M	0.1%	$9.03	0.0%	Common	20344R103
SSBI	Summit State Bank	143,607	$1.867M	0.1%	$7.26	+24.7%	Common	866264203
—	FirstAtlantic Financial Holdings, Inc.	140,788	$1.866M	0.1%	$10.17	—	Common	337651103
—	First Colebrook Bancorp, Inc.	81,627	$1.841M	0.1%	$21.21	—	Common	31971A107
—	Presidio Bank	103,544	$1.838M	0.1%	$12.07	—	Common	74101A100
CCNB	Coastal Carolina Bancshares, Inc.	262,238	$1.836M	0.1%	$7.00	—	Common	190435107
—	Community Bank	11,050	$1.835M	0.1%	$165.97	—	Common	203507108
—	GrandSouth Bancorporation	125,000	$1.814M	0.1%	$9.47	—	Common	386627301
SOME	Somerset Trust Holding Company	42,874	$1.79M	0.1%	$30.83	+5.3%	Common	835126103
TCBK	TriCo Bancshares	49,618	$1.744M	0.1%	$21.62	+63.1%	Common	896095106
—	Sevier County Bancshares, Inc.	110,000	$1.65M	0.1%	$10.00	—	Common	81817P206
IROQ	IF Bancorp, Inc.	84,072	$1.639M	0.1%	$16.71	+18.7%	Common	44951J105
—	OCB Bancorp	124,963	$1.6M	0.1%	$12.80	—	Common	67105J101
—	First South Bancorp, Inc.	1,597,246	$1.597M	0.1%	$1.00	—	Common	33646D102
AMFC	AMB Financial Corp.	93,750	$1.594M	0.1%	$8.50	+95.8%	Common	001984103
CBFV	CB Financial Services, Inc.	60,536	$1.571M	0.1%	$15.75	+22.5%	Common	12479G101
—	Bank of Napa, N.A.	117,069	$1.563M	0.1%	$9.63	—	Common	063770101
—	PB Bancorp, Inc.	147,801	$1.559M	0.1%	$8.65	—	Common	70454T100
—	Midsouth Bancorp, Inc.	130,393	$1.532M	0.1%	$12.70	—	Common	598039105
INBK	First Internet Bancorp	52,000	$1.459M	0.1%	$27.26	+2.1%	Common	320557101
—	Lighthouse Bank	74,595	$1.437M	0.1%	$13.21	—	Common	53223T106
—	First Home Bancorp, Inc.	37,800	$1.418M	0.1%	$37.51	—	Common	32050L105
RCBC	River City Bank	7,827	$1.244M	0.1%	$10.20	+54.1%	Common	76803X106
—	Professional Holding Corp.	90,000	$1.215M	0.1%	$11.06	—	Common	743139107
—	Manning & Napier, Inc.	278,603	$1.212M	0.1%	$12.32	—	Common	56382Q102
—	Centerpointe Community Bank	85,550	$1.134M	0.1%	$9.87	—	Common	15200G100
—	Access National Corporation	40,740	$1.08M	0.0%	$26.51	—	Common	004337101
—	Blackhawk Bancorp, Inc.	44,536	$1.08M	0.0%	$10.62	—	Common	09237E204
—	Salisbury Bancorp, Inc.	26,216	$1.076M	0.0%	$26.30	—	Common	795226109
DHIL	Diamond Hill Investment Group, Inc.	5,255	$1.048M	0.0%	$41.91	+179.6%	Common	25264R207
—	Delmarva Bancshares, Inc.	173,459	$1.032M	0.0%	$5.53	—	Common	247100100
—	Town and Country Financial Corporation	45,313	$965K	0.0%	$10.82	—	Common	892039108
—	Village Bank and Trust Financial Corp.	29,133	$924K	0.0%	$17.39	—	Common	92705T200
—	Surrey Bancorp	69,785	$851K	0.0%	$11.40	—	Common	86888W105
PKBK	Parke Bancorp, Inc.	37,300	$836K	0.0%	$5.83	+142.9%	Common	700885106
—	AJS Bancorp, Inc.	56,668	$833K	0.0%	$14.66	—	Common	001503101
BAOB	Baraboo Bancorporation, Inc.	177,642	$778K	0.0%	$1.75	+105.7%	Common	067021105
—	Wellesley Bancorp, Inc.	27,879	$772K	0.0%	$27.69	—	Common	949485106
—	Santa Cruz County Bank	18,378	$767K	0.0%	$32.16	—	Common	801827106
ESQ	Esquire Bank, National Association	50,000	$750K	0.0%	$14.50	0.0%	Common	29667J101
SOBS	Solvay Bank Corporation	16,899	$671K	0.0%	$19.04	+18.3%	Common	83441Q105
—	Pacific Commerce Bancorp	80,150	$653K	0.0%	$6.33	—	Common	69413A103
—	Empire Bancorp Inc.	45,188	$622K	0.0%	$12.76	—	Common	291617108
—	Carolina Alliance Bank	42,257	$524K	0.0%	$12.40	—	Common	14376R107
GLBZ	Glen Burnie Bancorp	36,449	$383K	0.0%	$7.75	+7.6%	Common	377407101
—	State Bank Corp.	34,400	$282K	0.0%	$6.65	—	Common	856121108
—	First Citrus Bancorporation, Inc.	15,225	$255K	0.0%	$16.75	—	Common	31959T102
—	Meridian Interstate Bancorp	10,001	$169K	0.0%	$16.90	—	Common	58958U103
—	Cornerstone Financial	6,259	$63,000	0.0%	$10.07	—	Common	21925G201