Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MBWM	Mercantile Bank Corporation	1,453,262	$50.72M	2.3%	$12.42	+84.6%	Common	587376104
PGC	Peapack-Gladstone Financial Corporation	1,430,263	$48.26M	2.2%	$16.58	+78.6%	Common	704699107
—	State Bank Financial Corporation	1,683,639	$48.24M	2.2%	$17.35	—	Common	856190103
EFSC	Enterprise Financial Services Corp	1,104,767	$46.79M	2.1%	$12.68	+166.8%	Common	293712105
—	TriState Capital Holdings, Inc.	1,785,883	$40.9M	1.8%	$11.11	—	Common	89678F100
—	CenterState Bank Corporation	1,330,329	$35.65M	1.6%	$9.91	—	Common	15201P109
—	Fidelity Southern Corporation	1,428,478	$33.77M	1.5%	$13.45	—	Common	316394105
—	Sandy Spring Bancorp Inc.	811,385	$33.62M	1.5%	$22.87	—	Common	800363103
OSBC	Old Second Bancorp, Inc.	2,444,384	$32.88M	1.5%	$4.48	+141.0%	Common	680277100
—	Lakeland Bancorp, Inc.	1,503,099	$30.66M	1.4%	$11.45	—	Common	511637100
—	Boston Private Financial Holdings, Inc.	1,740,163	$28.8M	1.3%	$10.72	—	Common	101119105
—	CoBiz Financial Inc.	1,441,653	$28.31M	1.3%	$8.43	—	Common	190897108
—	Southern National Bancorp of Virginia,Inc.	1,655,747	$28.13M	1.3%	$13.56	—	Common	843395104
—	BSB Bancorp, Inc.	936,460	$28.05M	1.3%	$17.96	—	Common	05573H108
NBHC	National Bank Holdings Corporation	705,420	$25.18M	1.1%	$16.12	+68.4%	Common	633707104
—	Codorus Valley Bancorp, Inc.	759,429	$23.32M	1.0%	$19.84	—	Common	192025104
FRBKQ	Republic First Bancorp, Inc.	2,470,059	$22.85M	1.0%	$4.83	+84.3%	Common	760416107
SFST	Southern First Bancshares, Inc.	622,521	$22.63M	1.0%	$15.32	+135.8%	Common	842873101
—	Paragon Commercial Corporation	380,977	$21.51M	1.0%	$28.44	—	Common	69911U403
NIC	Nicolet Bankshares, Inc.	372,260	$21.42M	1.0%	$40.54	+30.7%	Common	65406E102
SBCF	Seacoast Banking Corporation of Florida	883,169	$21.1M	0.9%	$14.90	+55.4%	Common	811707801
QCRH	QCR Holdings, Inc.	458,655	$20.87M	0.9%	$16.12	+168.0%	Common	74727A104
—	First Bancshares, Inc.	688,843	$20.77M	0.9%	$18.55	—	Common	318916103
—	Veritex Holdings, Inc.	757,847	$20.43M	0.9%	$24.50	—	Common	923451108
BWFG	Bankwell Financial Group, Inc.	548,432	$20.26M	0.9%	$20.73	+30.5%	Common	06654A103
HOMB	Home BancShares, Inc.	802,986	$20.25M	0.9%	$24.02	0.0%	Common	436893200
—	Iberiabank Corp	240,534	$19.76M	0.9%	$68.13	—	Common	450828108
HTBK	Heritage Commerce Corp	1,373,708	$19.55M	0.9%	$7.21	+89.9%	Common	426927109
—	Central Valley Community Bancorp	875,327	$19.52M	0.9%	$10.64	—	Common	155685100
UNTY	Unity Bancorp, Inc.	976,562	$19.34M	0.9%	$9.28	+69.9%	Common	913290102
PEBO	Peoples Bancorp Inc.	546,882	$18.37M	0.8%	$23.57	+34.6%	Common	709789101
FRBA	First Bank	1,364,234	$18.14M	0.8%	$7.58	+45.3%	Common	31931U102
WSBF	Waterstone Financial, Inc.	928,769	$18.11M	0.8%	$11.24	+63.7%	Common	94188P101
CNOB	ConnectOne Bancorp, Inc.	729,153	$17.94M	0.8%	$15.61	+19.8%	Common	20786W107
FBIZ	First Business Financial Services	786,198	$17.89M	0.8%	$14.75	+17.7%	Common	319390100
FBNC	First Bancorp	511,550	$17.6M	0.8%	$14.86	+77.8%	Common	318910106
—	Allegiance Bancshares, Inc.	469,485	$17.28M	0.8%	$26.93	—	Common	01748H107
EQBK	Equity Bancshares, Inc.	467,943	$16.65M	0.7%	$26.23	+21.5%	Common	29460X109
—	First Midwest Bancorp, Inc.	702,977	$16.46M	0.7%	$14.43	—	Common	320867104
—	Cambridge Bancorp	235,544	$16.43M	0.7%	$40.53	—	Common	132152109
EGBN	Eagle Bancorp, Inc.	244,490	$16.39M	0.7%	$17.07	+186.9%	Common	268948106
—	Park Sterling Corp.	1,319,558	$16.39M	0.7%	$6.37	—	Common	70086Y105
WTBFB	W.T.B. Financial Corporation	54,300	$16.13M	0.7%	$163.51	+76.9%	Common	929334209
FFWM	First Foundation Inc.	898,773	$16.08M	0.7%	$12.80	+21.2%	Common	32026V104
—	National Commerce Corporation	370,351	$15.85M	0.7%	$30.56	—	Common	63546L102
—	First Choice Bank	652,454	$15.66M	0.7%	$17.87	—	Common	319461109
—	MB Financial, Inc.	343,159	$15.45M	0.7%	$26.80	—	Common	55264U108
—	Malvern Bancorp, Inc.	568,994	$15.22M	0.7%	$17.98	—	Common	561409103
—	CU Bancorp	388,830	$15.07M	0.7%	$18.62	—	Common	126534106
CCNE	CNB Financial Corporation	526,087	$14.37M	0.6%	$16.50	+19.5%	Common	126128107
ISTR	Investar Holding Corporation	594,513	$14.33M	0.6%	$16.46	+37.8%	Common	46134L105
—	Union Bankshares Corporation	386,248	$13.63M	0.6%	$25.23	—	Common	90539J109
—	Southwest Bancorp, Inc.	486,302	$13.4M	0.6%	$14.70	—	Common	844767103
—	Sussex Bancorp	564,767	$13.38M	0.6%	$17.99	—	Common	869245100
TFIN	Triumph Bancorp, Inc.	398,300	$12.85M	0.6%	$19.98	+40.3%	Common	89679E300
—	Old Line Bancshares, Inc.	455,630	$12.76M	0.6%	$13.30	—	Common	67984M100
—	FNB Bancorp	367,750	$12.47M	0.6%	$24.86	—	Common	302515101
—	Bank of Commerce Holdings	1,067,326	$12.27M	0.6%	$6.96	—	Common	06424J103
—	1st Constitution Bancorp	675,318	$12.26M	0.5%	$10.86	—	Common	31986N102
BSRR	Sierra Bancorp	445,312	$12.09M	0.5%	$9.40	+101.1%	Common	82620P102
SHBI	Shore Bancshares, Inc.	718,456	$11.96M	0.5%	$9.91	+67.4%	Common	825107105
SF	Stifel Financial Corp.	219,096	$11.71M	0.5%	$20.09	+43.3%	Common	860630102
—	First of Long Island Corp.	377,953	$11.51M	0.5%	$30.07	—	Common	320734106
—	Green Bancorp, Inc.	479,269	$11.34M	0.5%	$15.02	—	Common	39260X100
—	Enterprise Bancorp, Inc.	308,137	$11.19M	0.5%	$21.71	—	Common	293668109
—	United Financial Bancorp, Inc.	605,086	$11.07M	0.5%	$14.25	—	Common	910304104
SAMG	Silvercrest Asset Management Group Inc.	757,259	$11.02M	0.5%	$14.11	-8.7%	Common	828359109
UCB	United Community Banks, Inc.	378,959	$10.81M	0.5%	$20.67	+30.7%	Common	90984P303
BANC	Banc of California, Inc.	517,828	$10.74M	0.5%	$14.87	+9.3%	Common	05990K106
—	Community Bankers Trust Corporation	1,159,642	$10.67M	0.5%	$4.19	—	Common	203612106
—	Xenith Bankshares, Inc.	327,606	$10.65M	0.5%	$25.77	—	Common	984102202
SMBK	SmartFinancial, Inc.	436,000	$10.49M	0.5%	$17.35	+37.5%	Common	83190L208
AMBZ	American Business Bank	267,008	$10.2M	0.5%	$26.26	+53.1%	Common	02475L105
BMRC	Bank of Marin Bancorp	147,365	$10.1M	0.5%	$16.84	+45.9%	Common	063425102
—	Carolina Financial Corporation	265,661	$9.532M	0.4%	$24.53	—	Common	143873107
—	Flagstar Bancorp, Inc.	268,600	$9.53M	0.4%	$26.03	—	Common	337930705
PBAM	Private Bancorp of America, Inc.	408,980	$9.472M	0.4%	$18.05	+28.1%	Common	74274F100
—	Community Financial Corporation	261,132	$9.236M	0.4%	$20.63	—	Common	20368X101
—	FCB Financial Holdings, Inc.	190,871	$9.219M	0.4%	$30.21	—	Common	30255G103
BY	Byline Bancorp, Inc.	430,000	$9.142M	0.4%	$18.32	+3.7%	Common	124411109
—	County Bancorp, Inc.	299,330	$8.995M	0.4%	$23.35	—	Common	221907108
MVBF	MVB Financial Corp.	478,261	$8.991M	0.4%	$10.99	+15.2%	Common	553810102
FGFH	Foresight Financial Group, Inc.	286,642	$8.829M	0.4%	$19.83	+32.7%	Common	345526107
QNBC	QNB Corp.	214,584	$8.699M	0.4%	$31.87	+27.2%	Common	74726N107
—	MBT Financial Corp.	793,033	$8.684M	0.4%	$5.04	—	Common	578877102
—	DNB Financial Corporation	245,767	$8.651M	0.4%	$28.00	—	Common	233237106
AVBH	Avidbank Holdings, Inc.	427,043	$8.498M	0.4%	$12.85	+53.9%	Common	05368J103
—	LegacyTexas Financial Group, Inc.	204,072	$8.147M	0.4%	$23.25	—	Common	52471Y106
—	WashingtonFirst Bankshares, Inc.	227,760	$8.106M	0.4%	$17.65	—	Common	940730104
—	Charter Financial Corporation	433,957	$8.041M	0.4%	$10.83	—	Common	16122W108
—	Macatawa Bank Corporation	778,293	$7.985M	0.4%	$5.54	—	Common	554225102
OVLY	Oak Valley Bancorp	472,489	$7.933M	0.4%	$8.63	+79.6%	Common	671807105
—	Commerce Union Bancshares, Inc.	342,020	$7.928M	0.4%	$19.94	—	Common	200828101
—	Standard AVB Financial Corp.	268,150	$7.91M	0.4%	$27.80	—	Common	85303B100
WBBW	Westbury Bancorp, Inc.	396,242	$7.905M	0.4%	$17.03	+18.1%	Common	95727P106
—	Bryn Mawr Bank Corporation	178,971	$7.839M	0.4%	$25.24	—	Common	117665109
—	Northwest Bancorporation, Inc.	644,544	$7.67M	0.3%	$9.06	—	Common	667337109
FBK	FB Financial Corp.	199,868	$7.539M	0.3%	$19.65	+60.5%	Common	30257X104
VABK	Virginia National Bankshares Corp.	209,209	$7.511M	0.3%	$19.28	+75.7%	Common	928031103
OBT	Orange County Bancorp	137,228	$7.417M	0.3%	$10.34	+16.6%	Common	68417L107
—	NorthWest Indiana Bancorp	178,668	$7.415M	0.3%	$25.07	—	Common	667516108
—	Puget Sound Bank	207,731	$7.365M	0.3%	$24.54	—	Common	74532B107
—	BankFinancial Corporation	461,487	$7.333M	0.3%	$12.37	—	Common	06643P104
—	Atlantic Capital Bancshares, Inc.	400,555	$7.27M	0.3%	$14.80	—	Common	048269203
BFC	Bank First National Corporation	188,844	$7.24M	0.3%	$20.46	+56.3%	Common	06211J100
FISI	Financial Institutions, Inc.	248,261	$7.15M	0.3%	$18.60	+4.3%	Common	317585404
FVCB	First Virginia Community Bank	417,749	$7.081M	0.3%	$6.41	+33.5%	Common	36120Q101
SFBS	ServisFirst Bancshares, Inc.	179,900	$6.989M	0.3%	$20.02	+55.3%	Common	81768T108
—	CapStar Financial Holdings, Inc.	354,400	$6.939M	0.3%	$17.18	—	Common	14070T102
BCBP	BCB Bancorp, Inc.	470,000	$6.557M	0.3%	$7.57	+22.7%	Common	055298103
MNSB	MainStreet Bancshares, Inc.	401,300	$6.541M	0.3%	$10.53	+35.3%	Common	56064Y100
FCCO	First Community Corporation	318,319	$6.51M	0.3%	$7.60	+119.0%	Common	319835104
—	California BanCorp	345,900	$6.416M	0.3%	$18.55	—	Common	13005U101
—	Bank of Princeton	200,000	$6.398M	0.3%	$31.99	—	Common	064520109
FNRN	First Northern Community Bancorp	520,865	$6.302M	0.3%	$6.46	+47.2%	Common	335925103
—	Fentura Financial, Inc.	336,590	$6.21M	0.3%	$14.43	—	Common	314645102
—	Century Bancorp, Inc.	76,904	$6.16M	0.3%	$41.92	—	Common	156432106
RVSB	Riverview Bancorp, Inc.	716,574	$6.019M	0.3%	$3.01	+103.2%	Common	769397100
HTH	Hilltop Holdings Inc.	227,532	$5.916M	0.3%	$15.00	+67.4%	Common	432748101
PSBQ	PSB Holdings, Inc.	83,966	$5.873M	0.3%	$12.34	+85.4%	Common	69360N108
SBNC	Southern BancShares (N.C.), Inc.	2,466	$5.857M	0.3%	$1834.04	+20.0%	Common	842243107
HIFS	Hingham Institution for Savings	30,733	$5.848M	0.3%	$58.20	+184.2%	Common	433323102
—	Northway Financial, Inc.	200,084	$5.842M	0.3%	$22.26	—	Common	667270201
PFLC	Pacific Financial Corporation	625,323	$5.753M	0.3%	$5.37	+13.2%	Common	694275108
BUSE	First Busey Corporation	182,983	$5.738M	0.3%	$14.09	+49.8%	Common	319383204
RBB	RBB Bancorp	250,000	$5.723M	0.3%	$22.55	0.0%	Common	74930B105
—	American Riviera Bank	329,665	$5.555M	0.2%	$10.59	—	Common	02932A106
—	American River Bankshares	392,419	$5.431M	0.2%	$9.53	—	Common	029326105
JMSB	John Marshall Bank	292,375	$5.38M	0.2%	$17.63	+0.2%	Common	47805L101
—	Franklin Financial Network, Inc.	147,500	$5.258M	0.2%	$37.04	—	Common	35352P104
CSHX	Cashmere Valley Bank	92,043	$5.191M	0.2%	$28.43	+46.4%	Common	14756K102
MFGI	Merchants Financial Group, Inc.	83,360	$5.168M	0.2%	$10.89	+54.2%	Common	588538108
—	Guaranty Bancorp	181,802	$5.054M	0.2%	$19.02	—	Common	40075T607
—	Brookline-MA	325,000	$5.038M	0.2%	$14.60	—	Common	11373M107
—	Sunshine Bancorp, Inc.	213,600	$4.964M	0.2%	$15.41	—	Common	86777J108
—	Aspen Insurance Holdings Limited	119,012	$4.808M	0.2%	$40.12	—	Common	G05384105
WTBA	West Bancorporation, Inc.	195,578	$4.772M	0.2%	$11.55	+95.8%	Common	95123P106
MSBI	Midland States Bancorp, Inc.	149,858	$4.748M	0.2%	$22.42	-7.0%	Common	597742105
—	Bridge Bancorp Inc.	137,965	$4.684M	0.2%	$30.20	—	Common	108035106
TRCY	Tri City Bankshares Corporation	225,243	$4.674M	0.2%	$17.59	—	Common	895364107
—	Dime Community Bancshares, Inc.	213,800	$4.597M	0.2%	$21.50	—	Common	253922108
—	1st Capital Bank	319,598	$4.567M	0.2%	$11.49	—	Common	31944C107
—	First Defiance Financial Corp.	85,850	$4.506M	0.2%	$38.30	—	Common	32006W106
FMNB	Farmers National Banc Corp.	297,133	$4.472M	0.2%	$4.42	+129.2%	Common	309627107
—	Two River Bancorp	223,495	$4.43M	0.2%	$11.60	—	Common	90207C105
—	Northeast Community Bancorp, Inc.	475,600	$4.399M	0.2%	$6.46	—	Common	664112109
—	West Suburban Bancorp, Inc.	7,311	$4.387M	0.2%	$362.03	—	Common	956152409
—	Community Bank of Bergen County, NJ	189,967	$4.284M	0.2%	$23.00	—	Common	203489109
ACIC	United Insurance Holdings Corp.	261,459	$4.262M	0.2%	$10.80	+16.5%	Common	910710102
—	Bank of Southern California, N. A.	320,000	$4.16M	0.2%	$6.50	—	Common	065104101
—	First Security, Inc.	155,125	$4.088M	0.2%	$26.15	—	Common	336327101
—	Guaranty Bancshares, Inc.	125,000	$3.999M	0.2%	$31.95	—	Common	400764106
KINS	Kingstone Companies, Inc.	240,500	$3.92M	0.2%	$11.70	+13.3%	Common	496719105
MBCN	Middlefield Banc Corp.	84,991	$3.918M	0.2%	$15.31	+17.3%	Common	596304204
BHB	Bar Harbor Bankshares	124,676	$3.91M	0.2%	$18.62	+9.5%	Common	066849100
PGNN	Paragon Financial Solutions, Inc.	399,532	$3.895M	0.2%	$6.59	+42.8%	Common	69912S100
—	Premier Commercial Bancorp	376,845	$3.882M	0.2%	$4.98	—	Common	74048M100
BOTJ	Bank of the James Financial Group, Inc.	266,172	$3.859M	0.2%	$8.53	+30.3%	Common	470299108
FXNC	First National Corporation	247,960	$3.843M	0.2%	$5.34	+128.7%	Common	32106V107
NODB	North Dallas Bank & Trust Co.	50,426	$3.757M	0.2%	$48.15	—	Common	659012108
AUBN	Auburn National Bancorporation, Inc.	107,253	$3.754M	0.2%	$16.51	+62.5%	Common	050473107
HBNC	Horizon Bancorp	126,143	$3.68M	0.2%	$12.34	+42.7%	Common	440407104
BCML	BayCom Corp.	204,172	$3.675M	0.2%	$11.91	+33.2%	Common	07272M107
—	Suncrest Bank	348,503	$3.659M	0.2%	$6.97	—	Common	86723G109
—	Commencement Bank	244,560	$3.607M	0.2%	$13.25	—	Common	20051L109
FFBB	Communities First Financial Corporation	202,745	$3.568M	0.2%	$10.37	+59.9%	Common	20344D104
—	Lake Shore Bancorp	219,879	$3.518M	0.2%	$12.65	—	Common	510700107
—	Mackinac Financial Corporation	226,307	$3.508M	0.2%	$9.26	—	Common	554571109
—	Kentucky Bancshares, Inc.	84,029	$3.504M	0.2%	$33.48	—	Common	491203105
—	Fauquier Bancshares, Inc.	175,176	$3.477M	0.2%	$12.52	—	Common	312059108
—	First BancTrust Corporation	165,550	$3.41M	0.2%	$17.84	—	Common	31868G100
—	CommerceWest Bank	152,472	$3.385M	0.2%	$12.95	—	Common	20084T103
INBK	First Internet Bancorp	104,000	$3.359M	0.2%	$28.86	+5.6%	Common	320557101
—	Emclaire Financial Corp.	117,207	$3.358M	0.2%	$23.94	—	Common	290828102
CZFS	Citizens Financial Services	58,350	$3.326M	0.1%	$35.37	+13.8%	Common	174615104
—	Carter Bank & Trust	194,558	$3.317M	0.1%	$12.38	—	Common	146102108
—	York Traditions Bank	188,391	$3.269M	0.1%	$14.76	—	Common	987159100
—	Howard Bancorp, Inc.	156,187	$3.264M	0.1%	$18.45	—	Common	442496105
—	SouthCrest Financial Group, Inc.	344,769	$3.224M	0.1%	$6.07	—	Common	84129X107
LFGP	Ledyard Financial Group, Inc.	157,092	$3.22M	0.1%	$18.50	+9.2%	Common	523338101
—	Carolina Trust BancShares, Inc.	392,616	$3.212M	0.1%	$6.17	—	Common	14422P105
FNBT	FineMark Holdings, Inc.	125,000	$3.125M	0.1%	$25.00	—	Common	31788B108
PPBN	Pinnacle Bankshares Corporation	113,230	$3.119M	0.1%	$15.23	+46.0%	Common	72345E102
MVLY	Mission Valley Bancorp	216,320	$3.059M	0.1%	$6.22	+113.8%	Common	60520E104
JRVR	James River Group Holdings, Ltd.	73,210	$3.037M	0.1%	$39.92	0.0%	Common	G5005R107
—	FirstAtlantic Financial Holdings, Inc.	165,688	$3.016M	0.1%	$11.38	—	Common	337651103
EMYB	Embassy Bancorp, Inc.	198,637	$2.976M	0.1%	$11.71	+7.3%	Common	290791102
—	MainSource Financial Group, Inc.	81,947	$2.939M	0.1%	$16.17	—	Common	56062Y102
FCOB	1st Colonial Bancorp	259,684	$2.924M	0.1%	$6.00	+78.7%	Common	319716106
WASH	Washington Trust Bancorp, Inc.	50,575	$2.895M	0.1%	$20.38	+61.8%	Common	940610108
CBKM	Consumers Bancorp, Inc.	136,792	$2.873M	0.1%	$13.41	+9.0%	Common	210509105
PBNK	Pinnacle Bank	286,563	$2.869M	0.1%	$7.03	+22.3%	Common	72346K107
—	Revere Bank	100,000	$2.825M	0.1%	$28.50	—	Common	761402106
FGBI	First Guaranty Bancshares, Inc.	103,264	$2.782M	0.1%	$10.12	+54.0%	Common	32043P106
TRVR	Two Rivers Financial Group, Inc.	93,708	$2.764M	0.1%	$17.33	+32.2%	Common	90206L106
—	Bank of Santa Clarita	159,930	$2.759M	0.1%	$9.29	—	Common	06424K100
BKOR	Oak Ridge Financial Services, Inc.	199,352	$2.741M	0.1%	$7.24	—	Common	671768109
TCBI	Texas Capital Bancshares, Inc.	31,936	$2.74M	0.1%	$45.57	+70.4%	Common	88224Q107
CYFL	Century Financial Corporation	133,646	$2.673M	0.1%	$11.31	+38.5%	Common	15652L102
MOFG	MidWestOne Financial Group, Inc.	79,100	$2.67M	0.1%	$33.75	0.0%	Common	598511103
—	SBT Bancorp, Inc.	104,718	$2.644M	0.1%	$25.01	—	Common	78391C106
EFSI	Eagle Financial Services Inc.	90,084	$2.635M	0.1%	$15.23	+44.7%	Common	26951R104
HFBL	Home Federal Bancorp, Inc. of Louisiana	98,556	$2.631M	0.1%	$9.60	+38.4%	Common	43708L108
CCNB	Coastal Carolina Bancshares, Inc.	262,238	$2.622M	0.1%	$7.00	+25.7%	Common	190435107
—	Coastal Banking Co., Inc.	133,085	$2.529M	0.1%	$11.67	—	Common	19041N100
—	CBT Financial Corporation	69,000	$2.46M	0.1%	$37.10	—	Common	12495U100
—	Bank of Napa, N.A.	117,069	$2.406M	0.1%	$9.63	—	Common	063770101
—	Community 1st Bancorp	301,270	$2.38M	0.1%	$7.90	—	Common	20369D104
SOMC	Southern Michigan Bancorp Inc.	69,430	$2.368M	0.1%	$7.65	+74.3%	Common	84336P103
—	National General Holdings Corporation	120,000	$2.293M	0.1%	$14.00	—	Common	636220303
—	People's Bank of Commerce	177,289	$2.232M	0.1%	$9.75	—	Common	710311101
—	ESSA Bancorp, Inc.	138,218	$2.17M	0.1%	$11.51	—	Common	29667D104
—	Federated National Holding Company	138,000	$2.154M	0.1%	$20.26	—	Common	31422T101
—	Presidio Bank	103,544	$2.076M	0.1%	$12.07	—	Common	74101A100
—	Aquesta Financial Holdings, Inc.	202,856	$2.063M	0.1%	$8.58	—	Common	03842L109
CYSM	Community Bancorp of Santa Maria	173,824	$2.06M	0.1%	$9.03	+9.3%	Common	20344R103
SABK	South Atlantic Bancshares, Inc.	124,898	$1.998M	0.1%	$16.00	—	Common	83636T104
CZBC	Citizens Bancorp	130,712	$1.961M	0.1%	$10.60	+14.4%	Common	172950107
—	HomeTown Bankshares Corporation	177,842	$1.93M	0.1%	$6.43	—	Common	43787N108
—	OCB Bancorp	124,963	$1.887M	0.1%	$12.80	—	Common	67105J101
—	PB Bancorp, Inc.	178,801	$1.877M	0.1%	$8.97	—	Common	70454T100
—	First Colebrook Bancorp, Inc.	81,627	$1.877M	0.1%	$21.21	—	Common	31971A107
—	Community Bank	11,050	$1.856M	0.1%	$165.97	—	Common	203507108
SSBI	Summit State Bank	143,607	$1.788M	0.1%	$7.26	+24.1%	Common	866264203
CBFV	CB Financial Services, Inc.	60,536	$1.759M	0.1%	$15.75	+24.2%	Common	12479G101
—	GrandSouth Bancorporation	125,000	$1.75M	0.1%	$9.47	—	Common	386627301
TCBK	TriCo Bancshares	42,118	$1.716M	0.1%	$21.62	+66.9%	Common	896095106
SOME	Somerset Trust Holding Company	42,874	$1.715M	0.1%	$30.83	-4.5%	Common	835126103
AMFC	AMB Financial Corp.	93,750	$1.688M	0.1%	$8.50	+91.8%	Common	001984103
IROQ	IF Bancorp, Inc.	84,072	$1.631M	0.1%	$16.71	+18.4%	Common	44951J105
—	First South Bancorp, Inc.	1,597,246	$1.597M	0.1%	$1.00	—	Common	33646D102
—	Lighthouse Bank	75,995	$1.539M	0.1%	$13.34	—	Common	53223T106
—	First Home Bancorp, Inc.	37,800	$1.418M	0.1%	$37.51	—	Common	32050L105
—	Pacific Commerce Bancorp	157,615	$1.403M	0.1%	$7.59	—	Common	69413A103
—	Independent Bank Group, Inc	22,800	$1.375M	0.1%	$30.40	—	Common	45384B106
QNTO	Quaint Oak Bancorp	103,750	$1.298M	0.1%	$9.90	+30.1%	Common	74732T106
RCBC	River City Bank	7,827	$1.284M	0.1%	$10.20	+57.4%	Common	76803X106
UVSP	Univest Corporation of Pennsylvania	39,452	$1.262M	0.1%	$19.54	+52.8%	Common	915271100
—	Professional Holding Corp.	90,000	$1.251M	0.1%	$11.06	—	Common	743139107
—	Salisbury Bancorp, Inc.	26,216	$1.22M	0.1%	$26.30	—	Common	795226109
—	Sevier County Bancshares, Inc.	110,000	$1.172M	0.1%	$10.00	—	Common	81817P206
—	Access National Corporation	40,740	$1.168M	0.1%	$26.51	—	Common	004337101
CCBC	Chino Commercial Bancorp	67,485	$1.063M	0.0%	$8.86	0.0%	Common	16957L102
—	Bank of Fincastle	486,486	$1.022M	0.0%	$2.10	—	Common	062113105
—	Village Bank and Trust Financial Corp.	29,133	$989K	0.0%	$17.39	—	Common	92705T200
—	Town and Country Financial Corporation	45,313	$974K	0.0%	$10.82	—	Common	892039108
—	Surrey Bancorp	69,785	$883K	0.0%	$11.40	—	Common	86888W105
—	Wellesley Bancorp, Inc.	30,879	$834K	0.0%	$27.62	—	Common	949485106
ESQ	Esquire Bank, National Association	50,000	$805K	0.0%	$14.50	+0.2%	Common	29667J101
—	Santa Cruz County Bank	18,378	$799K	0.0%	$32.16	—	Common	801827106
—	AJS Bancorp, Inc.	56,668	$791K	0.0%	$14.66	—	Common	001503101
HFWA	Heritage Financial Corporation	25,637	$756K	0.0%	$16.01	+67.9%	Common	42722X106
BAOB	Baraboo Bancorporation, Inc.	177,642	$746K	0.0%	$1.75	+108.5%	Common	067021105
SOBS	Solvay Bank Corporation	16,899	$692K	0.0%	$19.04	+27.5%	Common	83441Q105
DHIL	Diamond Hill Investment Group, Inc.	3,255	$691K	0.0%	$41.91	+177.4%	Common	25264R207
FRME	First Merchants Corp.	16,082	$690K	0.0%	$12.64	+142.5%	Common	320817109
—	Empire Bancorp Inc.	45,188	$671K	0.0%	$12.76	—	Common	291617108
—	First Priority Financial Corp.	83,179	$661K	0.0%	$7.95	—	Common	33612N100
—	Manning & Napier, Inc.	147,860	$584K	0.0%	$12.32	—	Common	56382Q102
—	Carolina Alliance Bank	44,369	$538K	0.0%	$12.13	—	Common	126742105
—	HCBF Holding Company, Inc.	34,972	$498K	0.0%	$14.24	—	Common	40415X102
—	First Citrus Bancorporation, Inc.	22,567	$431K	0.0%	$17.51	—	Common	31959T102
PKBK	Parke Bancorp, Inc.	13,700	$304K	0.0%	$5.83	+137.0%	Common	700885106
—	State Bank Corp.	34,400	$283K	0.0%	$6.65	—	Common	856121108