Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	INVESTORS BANCORP INC NEW	5,298,265	$58.55M	22.4%	$11.05	—	COM	46146L101
—	CAPE BANCORP INC	164,668	$17.67M	6.8%	$10.17	—	COM	139209100
—	BNC BANCORP	869,381	$14.84M	5.7%	$17.14	—	COM	05566T101
—	SUN BANCORP INC	3,698,865	$14.83M	5.7%	$3.51	—	COM	86663B102
—	UNITED CMNTY FINL CORP OHIO	2,649,030	$10.94M	4.2%	$3.57	—	COM	909839102
SBCF	SEACOAST BKG CORP FLA	1,005,196	$10.93M	4.2%	$11.18	-5.0%	COM NEW	811707801
—	NEWBRIDGE BANCORP	1,242,274	$10.01M	3.8%	$7.16	—	CL A NO PAR	65080T102
—	OLD LINE BANCSHARES INC	577,087	$9.095M	3.5%	$14.86	—	COM	67984M100
—	UMPQUA HLDGS CORP	451,813	$8.097M	3.1%	$17.92	—	COM	904214103
—	ATLANTIC COAST FINL CORP	1,275,600	$5.178M	2.0%	$4.49	—	COM	048426100
—	COMMUNITY FINL CORP MD	213,907	$5.08M	1.9%	$21.08	—	COM	20368X101
—	OMNIAMERICAN BANCORP INC	194,288	$4.857M	1.9%	$21.44	—	COM	68216R107
SHBI	SHORE BANCSHARES INC	498,400	$4.491M	1.7%	$9.34	0.0%	COM	825107105
—	PACIFIC PREMIER BANCORP	284,007	$4.002M	1.5%	$15.01	—	COM	69478X105
—	CHARTER FINL CORP MD	344,416	$3.823M	1.5%	$10.89	—	COM	16122W108
HBCP	HOME BANCORP INC	167,811	$3.695M	1.4%	$15.24	+4.7%	COM	43689E107
IBCP	INDEPENDENT BANK CORP MICH	284,753	$3.665M	1.4%	$7.31	+20.7%	COM NEW	453838609
HTB	HOMETRUST BANCSHARES INC	229,945	$3.626M	1.4%	$16.09	-4.0%	COM	437872104
—	GUARANTY FED BANCSHARES INC	266,033	$3.325M	1.3%	$12.74	—	COM	40108P101
HFBL	HOME FED BANCORP INC LA NEW	168,540	$3.244M	1.2%	$8.52	+8.9%	COM	43708L108
FCCO	FIRST CMNTY CORP S C	299,171	$3.186M	1.2%	$7.71	+5.8%	COM	319835104
—	MUTUALFIRST FINL INC	166,361	$3.174M	1.2%	$17.71	—	COM	62845B104
—	EASTERN VA BANKSHARES INC	483,516	$3.095M	1.2%	$7.00	—	COM	277196101
FSFG	FIRST SAVINGS FINL GROUP INC	123,708	$2.991M	1.1%	$6.38	0.0%	COM	33621E109
—	SP BANCORP INC	101,223	$2.922M	1.1%	$19.74	—	COM	78468K106
—	YADKIN FINL CORP	152,349	$2.87M	1.1%	$17.04	—	COM	984305102
WBBW	WESTBURY BANCORP INC	174,297	$2.634M	1.0%	$14.38	+0.5%	COM	95727P106
—	UNION BANKSHARES CORP NEW	89,642	$2.299M	0.9%	$25.65	—	COM	90539J109
CZWI	CITIZENS CMNTY BANCORP INC M	258,197	$2.194M	0.8%	$6.09	+8.6%	COM	174903104
—	FIRST CAPITAL BANCORP VA	479,752	$2.159M	0.8%	$4.53	—	COM	319438107
—	HAMILTON BANCORP INC MD	143,862	$1.863M	0.7%	$14.19	—	COM	407015106
—	COMMUNITY BK SHS IND INC	57,129	$1.496M	0.6%	$20.79	—	COM	203599105
—	HF FINL CORP	98,750	$1.372M	0.5%	$13.75	—	COM	404172108
—	ASB BANCORP INC N C	63,350	$1.328M	0.5%	$17.35	—	COM	00213T109
—	WELLESLEY BANCORP INC	67,315	$1.278M	0.5%	$19.55	—	COM	949485106
—	WASHINGTONFIRST BANKSHARES I	84,564	$1.26M	0.5%	$14.36	—	COM	940730104
MCHB	HOMESTREET INC	67,658	$1.243M	0.5%	$19.63	-6.9%	COM	43785V102
SMBC	SOUTHERN MO BANCORP INC	33,894	$1.21M	0.5%	$13.12	+10.0%	COM	843380106
—	FIRST DEFIANCE FINL CORP	40,831	$1.172M	0.4%	$27.27	—	COM	32006W106
—	MBT FINL CORP	213,280	$1.167M	0.4%	$4.95	—	COM	578877102
—	FEDFIRST FINL CORP NEW	52,783	$1.156M	0.4%	$21.28	—	COM	31429C101
—	GEORGETOWN BANCORP INC MD	69,708	$1.151M	0.4%	$15.89	—	COM	372591107
—	POAGE BANKSHARES INC	76,644	$1.13M	0.4%	$14.01	—	COM	730206109
HAFC	HANMI FINL CORP	50,909	$1.073M	0.4%	$19.57	+12.1%	COM NEW	410495204
—	UNITED FINL BANCORP INC NEW	70,100	$950K	0.4%	$13.55	—	COM	910304104
SFBS	SERVISFIRST BANCSHARES INC	10,000	$864K	0.3%	$12.28	0.0%	COM	81768T108
—	HERITAGE FINL GROUP INC	42,019	$833K	0.3%	$19.25	—	COM	42726X102
—	FIDELITY SOUTHERN CORP NEW	60,962	$792K	0.3%	$16.16	—	COM	316394105
FSBW	FS BANCORP INC	44,500	$774K	0.3%	$6.72	-0.4%	COM	30263Y104
—	BSB BANCORP INC MD	44,460	$762K	0.3%	$15.09	—	COM	05573H108
OSBC	OLD SECOND BANCORP INC ILL	150,000	$746K	0.3%	$4.39	0.0%	COM	680277100
MBWM	MERCANTILE BANK CORP	31,476	$720K	0.3%	$12.76	+1.8%	COM	587376104
—	HOPFED BANCORP INC	61,448	$714K	0.3%	$11.39	—	COM	439734104
—	COASTWAY BANCORP INC	63,500	$695K	0.3%	$10.33	—	COM	190632109
IROQ	IF BANCORP INC	41,999	$693K	0.3%	$16.42	-1.0%	COM	44951J105
—	LAPORTE BANCORP INC MD	62,000	$682K	0.3%	$10.95	—	COM	516651106
—	CENTER BANCORP INC	34,500	$663K	0.3%	$18.89	—	COM	151408101
—	CLIFTON BANCORP INC	49,714	$630K	0.2%	$12.67	—	COM	186873105
FFIC	FLUSHING FINL CORP	28,555	$587K	0.2%	$11.92	+1.5%	COM	343873105
UCB	UNITED CMNTY BKS BLAIRSVLE G	33,589	$550K	0.2%	$16.55	+1.3%	COM	90984P303
—	DNB FINL CORP	20,911	$444K	0.2%	$21.23	—	COM	233237106
NMIH	NMI HLDGS INC	40,000	$420K	0.2%	$10.96	0.0%	CL A	629209305
—	INTERMOUNTAIN CMNTY BANCORP	25,100	$409K	0.2%	$15.34	—	COM NEW	45881M308
—	HOWARD BANCORP INC	42,136	$405K	0.2%	$11.01	—	COM	442496105
NBHC	NATIONAL BK HLDGS CORP	20,000	$399K	0.2%	$16.27	-4.7%	CL A	633707104
—	CHEVIOT FINL CORP NEW	28,932	$360K	0.1%	$10.30	—	COM	16677X105
EBMT	EAGLE BANCORP MONT INC	26,454	$278K	0.1%	$7.85	-0.3%	COM	26942G100
SBSI	SOUTHSIDE BANCSHARES INC	9,000	$261K	0.1%	$25.94	0.0%	COM	84470P109
—	UNITED CMNTY BANCORP IND	20,000	$235K	0.1%	$10.75	—	COM	90984R101
—	CENTERSTATE BANKS INC	20,000	$224K	0.1%	$10.90	—	COM	15201P109
—	BAYLAKE CORP	17,657	$221K	0.1%	$12.52	—	COM	072788102
—	NORTH VALLEY BANCORP	10,000	$218K	0.1%	$24.20	—	COM NEW	66304M204
HFWA	HERITAGE FINL CORP WASH	12,053	$194K	0.1%	$17.47	-7.0%	COM	42722X106
—	XENITH BANKSHARES INC	22,100	$140K	0.1%	$6.33	—	COM	98410X105
—	BROOKLINE BANCORP INC DEL	11,902	$111K	0.0%	$9.33	—	COM	11373M107
—	BANK MUTUAL CORP NEW	10,800	$62,000	0.0%	$5.74	—	COM	063750103