Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MBWM	Mercantile Bank Corporation	1,316,226	$48.65M	2.5%	$12.42	+112.8%	Common	587376104
OBK	Origin Bancorp Inc.	1,035,086	$42.38M	2.2%	$38.81	0.0%	Common	68621T102
—	TriState Capital Holdings, Inc.	1,567,338	$40.91M	2.1%	$11.11	—	Common	89678F100
PGC	Peapack-Gladstone Financial Corporation	1,174,747	$40.63M	2.1%	$17.03	+89.1%	Common	704699107
—	Sandy Spring Bancorp Inc.	902,103	$36.99M	1.9%	$26.89	—	Common	800363103
—	BSB Bancorp, Inc.	943,460	$32.45M	1.7%	$18.21	—	Common	05573H108
OSBC	Old Second Bancorp, Inc.	2,173,606	$31.3M	1.6%	$4.71	+186.2%	Common	680277100
—	Fidelity Southern Corporation	1,228,323	$31.21M	1.6%	$1752.30	—	Common	316394105
—	Southern National Bancorp of Virginia,Inc.	1,519,625	$27.11M	1.4%	$553.65	—	Common	843395104
EFSC	Enterprise Financial Services Corp	478,020	$25.79M	1.3%	$12.68	+255.5%	Common	293712105
—	First Bancshares, Inc.	688,364	$24.75M	1.3%	$2652.86	—	Common	318916103
FFWM	First Foundation Inc.	1,326,283	$24.59M	1.3%	$14.27	+21.5%	Common	32026V104
—	Lakeland Bancorp, Inc.	1,235,529	$24.52M	1.3%	$11.45	—	Common	511637100
SFST	Southern First Bancshares, Inc.	513,837	$22.71M	1.2%	$15.32	+203.6%	Common	842873101
—	Union Bankshares Corporation	559,642	$21.76M	1.1%	$30.56	—	Common	90539J109
FBIZ	First Business Financial Services	832,052	$21.63M	1.1%	$15.05	+38.9%	Common	319390100
—	SB One Bancorp	689,144	$20.47M	1.1%	$30.40	—	Common	78413T103
UNTY	Unity Bancorp, Inc.	896,136	$20.39M	1.1%	$9.28	+116.3%	Common	913290102
—	Boston Private Financial Holdings, Inc.	1,276,463	$20.3M	1.0%	$10.72	—	Common	101119105
—	First Choice Bancorp	662,270	$20.24M	1.0%	$23231.96	—	Common	31948P104
—	Codorus Valley Bancorp, Inc.	645,777	$19.81M	1.0%	$1683.11	—	Common	192025104
FRBKQ	Republic First Bancorp, Inc.	2,416,326	$18.97M	1.0%	$4.89	+73.3%	Common	760416107
NIC	Nicolet Bankshares, Inc.	342,532	$18.88M	1.0%	$40.54	+34.4%	Common	65406E102
—	Veritex Holdings, Inc.	593,273	$18.43M	1.0%	$24.50	—	Common	923451108
—	Level One Bancorp, Inc.	655,292	$17.81M	0.9%	$27.18	—	Common	52730D208
FRBA	First Bank	1,273,861	$17.71M	0.9%	$7.70	+61.4%	Common	31931U102
—	Allegiance Bancshares, Inc.	407,387	$17.66M	0.9%	$26.93	—	Common	01748H107
CNOB	ConnectOne Bancorp, Inc.	679,153	$16.91M	0.9%	$15.61	+44.1%	Common	20786W107
TFIN	Triumph Bancorp, Inc.	414,796	$16.9M	0.9%	$21.84	+85.0%	Common	89679E300
WTBFB	W.T.B. Financial Corporation	43,432	$16.5M	0.9%	$163.51	+120.2%	Common	929334209
—	National Commerce Corporation	355,371	$16.45M	0.9%	$30.79	—	Common	63546L102
BWFG	Bankwell Financial Group, Inc.	492,232	$15.82M	0.8%	$20.73	+25.4%	Common	06654A103
SBCF	Seacoast Banking Corporation of Florida	500,369	$15.8M	0.8%	$14.90	+99.3%	Common	811707801
—	Iberiabank Corp	204,613	$15.51M	0.8%	$68.13	—	Common	450828108
ISTR	Investar Holding Corporation	544,513	$15.06M	0.8%	$16.46	+63.2%	Common	46134L105
QCRH	QCR Holdings, Inc.	309,561	$14.69M	0.8%	$17.16	+164.2%	Common	74727A104
PEBO	Peoples Bancorp Inc.	381,764	$14.42M	0.7%	$23.93	+54.5%	Common	709789101
—	Central Valley Community Bancorp	661,317	$13.99M	0.7%	$10.64	—	Common	155685100
CCNE	CNB Financial Corporation	456,087	$13.71M	0.7%	$16.50	+45.1%	Common	126128107
EQBK	Equity Bancshares, Inc.	325,443	$13.5M	0.7%	$26.23	+44.5%	Common	29460X109
BFST	Business First Bancshares, Inc.	510,000	$13.44M	0.7%	$21.36	0.0%	Common	12326C105
—	Malvern Bancorp, Inc.	542,894	$13.22M	0.7%	$17.98	—	Common	561409103
WSBF	Waterstone Financial, Inc.	774,657	$13.21M	0.7%	$11.24	+55.4%	Common	94188P101
—	1st Constitution Bancorp	569,010	$13.03M	0.7%	$10.86	—	Common	31986N102
—	Cambridge Bancorp	150,475	$13.02M	0.7%	$40.53	—	Common	132152109
SMBK	SmartFinancial, Inc.	505,420	$13.02M	0.7%	$18.11	+35.2%	Common	83190L208
—	Suncrest Bank	945,440	$12.76M	0.7%	$2477.46	—	Common	86723G109
—	First Midwest Bancorp, Inc.	492,836	$12.55M	0.6%	$14.43	—	Common	320867104
BMRC	Bank of Marin Bancorp	150,557	$12.17M	0.6%	$18.77	+56.2%	Common	063425102
—	FCB Financial Holdings, Inc.	204,475	$12.02M	0.6%	$34.05	—	Common	30255G103
SAMG	Silvercrest Asset Management Group Inc.	720,132	$11.74M	0.6%	$14.11	+12.8%	Common	828359109
—	Enterprise Bancorp, Inc.	288,552	$11.67M	0.6%	$23.58	—	Common	293668109
BY	Byline Bancorp, Inc.	512,885	$11.46M	0.6%	$18.47	+10.5%	Common	124411109
MNSB	MainStreet Bancshares, Inc.	535,075	$11.1M	0.6%	$11.88	+65.9%	Common	56064Y100
SHBI	Shore Bancshares, Inc.	565,733	$10.76M	0.6%	$9.91	+89.9%	Common	825107105
PBAM	Private Bancorp of America, Inc.	416,178	$10.75M	0.6%	$18.52	+40.3%	Common	74274F100
BSRR	Sierra Bancorp	378,651	$10.69M	0.6%	$10.30	+106.6%	Common	82620P102
PSBQ	PSB Holdings, Inc.	139,015	$10.29M	0.5%	$16.57	+43.1%	Common	69360N108
—	Green Bancorp, Inc.	474,269	$10.24M	0.5%	$15.02	—	Common	39260X100
—	Bank of Princeton	307,721	$10.23M	0.5%	$10994.50	—	Common	064520109
OVLY	Oak Valley Bancorp	445,489	$10.19M	0.5%	$8.63	+146.9%	Common	671807105
—	Old Line Bancshares, Inc.	284,686	$9.938M	0.5%	$13.30	—	Common	67984M100
FGFH	Foresight Financial Group, Inc.	279,091	$9.88M	0.5%	$20.17	+50.8%	Common	345526107
SBNC	Southern BancShares (N.C.), Inc.	2,563	$9.739M	0.5%	$1859.16	+81.0%	Common	842243107
EGBN	Eagle Bancorp, Inc.	157,777	$9.672M	0.5%	$17.07	+178.0%	Common	268948106
—	Reliant Bancorp, Inc.	342,020	$9.594M	0.5%	$25640.00	—	Common	75956B101
—	CenterState Bank Corporation	317,150	$9.457M	0.5%	$9.91	—	Common	15201P109
—	State Bank Financial Corporation	281,811	$9.412M	0.5%	$332.82	—	Common	856190103
—	Bank of Commerce Holdings	728,469	$9.288M	0.5%	$6.96	—	Common	06424J103
—	Community Financial Corporation	261,132	$9.234M	0.5%	$20.63	—	Common	20368X101
MRBK	Meridian Bank	504,906	$9.184M	0.5%	$7.17	-4.5%	Common	58958P104
—	Flagstar Bancorp, Inc.	267,365	$9.16M	0.5%	$26.03	—	Common	337930705
—	United Financial Bancorp, Inc.	522,510	$9.154M	0.5%	$295.11	—	Common	910304104
HTBK	Heritage Commerce Corp	519,816	$8.832M	0.5%	$7.21	+135.3%	Common	426927109
OBT	Orange County Bancorp	270,456	$8.655M	0.4%	$12.83	+17.4%	Common	68417L107
MVBF	MVB Financial Corp.	478,261	$8.633M	0.4%	$10.99	+46.5%	Common	553810102
BANC	Banc of California, Inc.	433,998	$8.485M	0.4%	$14.87	+8.2%	Common	05990K106
QNBC	QNB Corp.	172,425	$8.044M	0.4%	$31.87	+42.9%	Common	74726N107
—	Standard AVB Financial Corp.	265,327	$8.029M	0.4%	$27.80	—	Common	85303B100
WBBW	Westbury Bancorp, Inc.	356,064	$7.951M	0.4%	$17.03	+30.7%	Common	95727P106
AMBZ	American Business Bank	199,008	$7.911M	0.4%	$26.26	+48.2%	Common	02475L105
BFC	Bank First National Corporation	147,494	$7.904M	0.4%	$20.46	+125.0%	Common	06211J100
—	Bank of Southern California, N. A.	523,390	$7.72M	0.4%	$9.74	—	Common	065104101
MCBI	Mountain Commerce Bancorp	398,253	$7.706M	0.4%	$17.36	0.0%	Common	624004107
—	Community Bankers Trust Corporation	859,154	$7.689M	0.4%	$4.19	—	Common	203612106
—	County Bancorp, Inc.	269,731	$7.418M	0.4%	$23.35	—	Common	221907108
—	BankFinancial Corporation	418,487	$7.386M	0.4%	$12.37	—	Common	06643P104
—	Centric Financial Corporation	642,292	$7.386M	0.4%	$10.11	—	Common	15641J101
MBIN	Merchants Bancorp	257,153	$7.337M	0.4%	$11.33	+31.1%	Common	58844R108
—	American Riviera Bank	381,965	$7.261M	0.4%	$3126.82	—	Common	02932A106
—	TGR Financial, Inc.	578,518	$7.197M	0.4%	$12.44	—	Common	87243P108
—	Carolina Financial Corporation	167,316	$7.181M	0.4%	$24.53	—	Common	143873107
BCBP	BCB Bancorp, Inc.	476,996	$7.155M	0.4%	$7.61	+36.6%	Common	055298103
—	First of Long Island Corp.	287,050	$7.133M	0.4%	$30.07	—	Common	320734106
MCB	Metropolitan Bank Holding Corp.	130,000	$6.822M	0.4%	$42.65	+14.0%	Common	591774104
PFLC	Pacific Financial Corporation	558,266	$6.601M	0.3%	$5.37	+48.9%	Common	694275108
AVBH	Avidbank Holdings, Inc.	263,543	$6.589M	0.3%	$12.85	+92.4%	Common	05368J103
—	Macatawa Bank Corporation	541,618	$6.575M	0.3%	$5.54	—	Common	554225102
—	California BanCorp	293,942	$6.364M	0.3%	$1065.06	—	Common	13005U101
—	Franklin Financial Network, Inc.	165,976	$6.241M	0.3%	$5175.68	—	Common	35352P104
—	Northway Financial, Inc.	200,305	$6.209M	0.3%	$22.52	—	Common	667270201
MFGI	Merchants Financial Group, Inc.	81,687	$6.114M	0.3%	$12.35	+65.2%	Common	588538108
—	Bryn Mawr Bank Corporation	131,971	$6.11M	0.3%	$25.24	—	Common	117665109
—	Northwest Bancorporation, Inc.	279,566	$5.999M	0.3%	$9.06	—	Common	667337109
FVCB	First Virginia Community Bank	338,561	$5.823M	0.3%	$6.41	+111.5%	Common	36120Q101
—	Fentura Financial, Inc.	274,411	$5.79M	0.3%	$14.43	—	Common	314645102
—	West Suburban Bancorp, Inc.	8,350	$5.762M	0.3%	$44437.55	—	Common	956152409
—	Sterling Bancorp, Inc.	431,000	$5.758M	0.3%	$12700.00	—	Common	85917W102
—	First Defiance Financial Corp.	85,850	$5.757M	0.3%	$38.30	—	Common	32006W106
—	1st Capital Bank	329,249	$5.712M	0.3%	$735.88	—	Common	31944C107
—	Century Bancorp, Inc.	72,882	$5.568M	0.3%	$41.92	—	Common	156432106
FNRN	First Northern Community Bancorp	401,298	$5.502M	0.3%	$6.46	+71.7%	Common	335925103
FNBT	FineMark Holdings, Inc.	191,600	$5.461M	0.3%	$26.22	—	Common	31788B108
UVSP	Univest Corporation of Pennsylvania	189,452	$5.21M	0.3%	$27.49	+4.3%	Common	915271100
VABK	Virginia National Bankshares Corp.	99,401	$5.108M	0.3%	$19.28	+133.8%	Common	928031103
—	CapStar Financial Holdings, Inc.	275,400	$5.103M	0.3%	$17.18	—	Common	14070T102
FCCO	First Community Corporation	198,768	$4.989M	0.3%	$7.60	+152.9%	Common	319835104
JMSB	John Marshall Bank	267,375	$4.987M	0.3%	$17.63	+2.6%	Common	47805L101
ACIC	United Insurance Holdings Corp.	251,459	$4.924M	0.3%	$10.80	+46.7%	Common	910710102
UCB	United Community Banks, Inc.	159,022	$4.877M	0.3%	$20.67	+57.5%	Common	90984P303
RVSB	Riverview Bancorp, Inc.	577,900	$4.877M	0.3%	$3.01	+136.3%	Common	769397100
—	Bridge Bancorp Inc.	135,220	$4.861M	0.3%	$30.20	—	Common	108035106
INBK	First Internet Bancorp	139,000	$4.74M	0.2%	$30.41	+15.1%	Common	320557101
MVLY	Mission Valley Bancorp	277,639	$4.72M	0.2%	$7.87	+96.2%	Common	60520E104
FRAF	Franklin Financial Services Corp.	134,309	$4.6M	0.2%	$26.57	-0.9%	Common	353525108
—	Carolina Trust BancShares, Inc.	551,294	$4.543M	0.2%	$6.94	—	Common	14422P105
CBFV	CB Financial Services, Inc.	127,616	$4.39M	0.2%	$20.36	+20.4%	Common	12479G101
FBK	FB Financial Corp.	104,940	$4.273M	0.2%	$19.65	+89.6%	Common	30257X104
—	Guaranty Bancshares, Inc.	129,547	$4.267M	0.2%	$2320.94	—	Common	400764106
FCOB	1st Colonial Bancorp	353,477	$4.259M	0.2%	$7.45	+60.1%	Common	319716106
—	Brookline-MA	227,800	$4.237M	0.2%	$14.60	—	Common	11373M107
FISI	Financial Institutions, Inc.	128,619	$4.232M	0.2%	$18.60	+21.0%	Common	317585404
PBNK	Pinnacle Bank	290,563	$4.212M	0.2%	$7.11	+74.3%	Common	72346K107
—	Two River Bancorp	219,736	$4.204M	0.2%	$11.66	—	Common	90207C105
—	Dime Community Bancshares, Inc.	213,800	$4.169M	0.2%	$21.50	—	Common	253922108
FMNB	Farmers National Banc Corp.	259,910	$4.146M	0.2%	$4.77	+136.9%	Common	309627107
—	CBTX, Inc.	125,000	$4.131M	0.2%	$25000.00	—	Common	12481V104
—	Kentucky Bancshares, Inc.	82,254	$4.121M	0.2%	$34.49	—	Common	491203105
—	York Traditions Bank	204,391	$4.118M	0.2%	$327.35	—	Common	987159100
AUBN	Auburn National Bancorporation, Inc.	82,327	$4.084M	0.2%	$17.88	+84.8%	Common	050473107
KINS	Kingstone Companies, Inc.	240,500	$4.064M	0.2%	$11.70	+28.6%	Common	496719105
—	Emclaire Financial Corp.	117,207	$4.02M	0.2%	$23.94	—	Common	290828102
BOTJ	Bank of the James Financial Group, Inc.	241,156	$3.991M	0.2%	$8.53	+35.4%	Common	470299108
CSHX	Cashmere Valley Bank	57,882	$3.971M	0.2%	$28.92	+82.3%	Common	14756K102
FFBB	Communities First Financial Corporation	170,745	$3.936M	0.2%	$10.37	+117.7%	Common	20344D104
—	Commencement Bank	231,041	$3.905M	0.2%	$13.25	—	Common	20051L109
MBCN	Middlefield Banc Corp.	76,491	$3.878M	0.2%	$15.31	+35.2%	Common	596304204
—	LegacyTexas Financial Group, Inc.	98,192	$3.831M	0.2%	$23.25	—	Common	52471Y106
—	Premier Commercial Bancorp	227,645	$3.824M	0.2%	$4.98	—	Common	74048M100
—	Lake Shore Bancorp	219,879	$3.771M	0.2%	$12.65	—	Common	510700107
MOFG	MidWestOne Financial Group, Inc.	109,100	$3.685M	0.2%	$34.18	-2.8%	Common	598511103
—	Luther Burbank Corporation	313,000	$3.603M	0.2%	$12040.00	—	Common	550550107
EMYB	Embassy Bancorp, Inc.	209,137	$3.597M	0.2%	$11.79	+19.8%	Common	290791102
—	Howard Bancorp, Inc.	199,687	$3.594M	0.2%	$18.68	—	Common	442496105
—	Highlands Bancorp, Inc.	236,720	$3.586M	0.2%	$13.30	—	Common	430887109
—	FNB Bancorp	94,823	$3.477M	0.2%	$24.86	—	Common	302515101
—	SouthCrest Financial Group, Inc.	284,968	$3.434M	0.2%	$6.07	—	Common	84129X107
BHB	Bar Harbor Bankshares	112,729	$3.415M	0.2%	$18.62	+18.9%	Common	066849100
CBKM	Consumers Bancorp, Inc.	142,032	$3.409M	0.2%	$13.55	+26.8%	Common	210509105
—	Revere Bank	110,817	$3.385M	0.2%	$28.70	—	Common	761402106
—	NorthWest Indiana Bancorp	78,476	$3.371M	0.2%	$25.89	—	Common	667516108
—	Southern States Bancshares	232,143	$3.366M	0.2%	$14.50	—	Common	843878109
CZFS	Citizens Financial Services	52,872	$3.331M	0.2%	$35.37	+34.4%	Common	174615104
PPBN	Pinnacle Bankshares Corporation	110,230	$3.263M	0.2%	$15.23	+55.7%	Common	72345E102
TRVR	Two Rivers Financial Group, Inc.	93,708	$3.181M	0.2%	$17.33	+62.0%	Common	90206L106
BKOR	Oak Ridge Financial Services, Inc.	201,193	$3.119M	0.2%	$7.24	—	Common	671768109
HFBL	Home Federal Bancorp, Inc. of Louisiana	98,556	$3.1M	0.2%	$9.60	+63.4%	Common	43708L108
—	Metro Phoenix Bank	261,167	$3.061M	0.2%	$11.72	—	Common	59165E106
—	Northeast Community Bancorp, Inc.	276,900	$3.049M	0.2%	$6.46	—	Common	664112109
—	Limestone Bancorp, Inc.	199,935	$3.047M	0.2%	$15.24	—	Common	53262L105
TRCY	Tri City Bankshares Corporation	136,970	$2.959M	0.2%	$17.59	—	Common	895364107
FGBI	First Guaranty Bancshares, Inc.	113,590	$2.956M	0.2%	$10.64	+62.7%	Common	32043P106
CZBC	Citizens Bancorp	145,261	$2.942M	0.2%	$10.82	+43.7%	Common	172950107
—	DNB Financial Corporation	81,867	$2.869M	0.1%	$28.00	—	Common	233237106
SBFG	SB Financial Group, Inc.	138,889	$2.822M	0.1%	$17.69	+2.6%	Common	78408D105
RCBC	River City Bank	12,557	$2.813M	0.1%	$13.08	+61.5%	Common	76803X106
HFWA	Heritage Financial Corporation	80,225	$2.796M	0.1%	$27.19	+17.9%	Common	42722X106
—	Riverview Financial Corporation	216,760	$2.742M	0.1%	$11973.00	—	Common	76940Q105
—	SBT Bancorp, Inc.	79,321	$2.737M	0.1%	$4799.78	—	Common	78391C106
—	Community Bank of the Bay	404,940	$2.733M	0.1%	$6.75	—	Common	203485107
FMBH	First Mid-Illinois	69,197	$2.719M	0.1%	$31.11	0.0%	Common	320866106
—	CoBiz Financial Inc.	121,853	$2.617M	0.1%	$8.43	—	Common	190897108
SOMC	Southern Michigan Bancorp Inc.	71,630	$2.615M	0.1%	$7.88	+87.8%	Common	84336P103
—	Spirit of Texas Bancshares, Inc.	125,000	$2.575M	0.1%	$20.60	—	Common	84861D103
SSBI	Summit State Bank	166,007	$2.565M	0.1%	$7.53	+43.6%	Common	866264203
FXNC	First National Corporation	125,322	$2.525M	0.1%	$5.34	+197.9%	Common	32106V107
—	Charter Financial Corporation	103,583	$2.502M	0.1%	$10.83	—	Common	16122W108
EFSI	Eagle Financial Services Inc.	69,365	$2.496M	0.1%	$15.23	+66.3%	Common	26951R104
—	FedNat Holding Company	107,100	$2.471M	0.1%	$23.07	—	Common	31431B109
CYSM	Community Bancorp of Santa Maria	173,824	$2.451M	0.1%	$9.03	+40.8%	Common	20344R103
—	Community Bank	8,750	$2.424M	0.1%	$165.97	—	Common	203507108
—	Presidio Bank	91,044	$2.408M	0.1%	$12.07	—	Common	74101A100
CYFL	Century Financial Corporation	121,646	$2.403M	0.1%	$11.31	+35.5%	Common	15652L102
CCNB	Coastal Carolina Bancshares, Inc.	262,238	$2.402M	0.1%	$7.00	+17.1%	Common	190435107
—	Bank of Santa Clarita	118,860	$2.389M	0.1%	$9.29	—	Common	06424K100
—	National General Holdings Corporation	90,388	$2.38M	0.1%	$14.00	—	Common	636220303
—	Atlantic Capital Bancshares, Inc.	120,646	$2.371M	0.1%	$14.80	—	Common	048269203
—	Three Shores Bancorporation, Inc.	300,000	$2.34M	0.1%	$7.80	—	Common	885753103
—	People's Bank of Commerce	173,725	$2.338M	0.1%	$9.81	—	Common	710311101
—	First Home Bancorp, Inc.	89,062	$2.316M	0.1%	$27.81	—	Common	32050L105
—	GrandSouth Bancorporation	125,000	$2.313M	0.1%	$9.47	—	Common	386627301
—	Professional Holding Corp.	125,000	$2.25M	0.1%	$1252.27	—	Common	743139107
LFGP	Ledyard Financial Group, Inc.	100,350	$2.233M	0.1%	$18.50	+18.3%	Common	523338101
—	Freedom Bank of Virginia	179,059	$2.167M	0.1%	$12.68	—	Common	35633M102
—	First Security, Inc.	53,475	$2.158M	0.1%	$26.15	—	Common	336327101
CCBC	Chino Commercial Bancorp	115,327	$2.094M	0.1%	$9.87	+22.1%	Common	16957L102
JRVR	James River Group Holdings, Ltd.	53,210	$2.091M	0.1%	$39.92	-5.4%	Common	G5005R107
WASH	Washington Trust Bancorp, Inc.	35,175	$2.044M	0.1%	$20.38	+85.1%	Common	940610108
—	Independent Bank Group, Inc	30,500	$2.037M	0.1%	$34108.98	—	Common	45384B106
—	ESSA Bancorp, Inc.	126,022	$1.995M	0.1%	$11.51	—	Common	29667D104
—	Aquesta Financial Holdings, Inc.	162,518	$1.974M	0.1%	$8.69	—	Common	03842L109
SABK	South Atlantic Bancshares, Inc.	137,388	$1.972M	0.1%	$1500.93	-99.0%	Common	83636T104
—	Meridian Interstate Bancorp	100,001	$1.915M	0.1%	$19.15	—	Common	58958U103
SOME	Somerset Trust Holding Company	42,374	$1.907M	0.1%	$30.83	+10.0%	Common	835126103
PPBB	Peoples Bancorp	8,996	$1.844M	0.1%	$196.88	0.0%	Common	70979X107
—	Lighthouse Bank	75,995	$1.812M	0.1%	$13.34	—	Common	53223T106
AMFC	AMB Financial Corp.	93,750	$1.73M	0.1%	$8.50	+109.0%	Common	001984103
—	Pacific Commerce Bancorp	118,328	$1.597M	0.1%	$7.59	—	Common	69413A103
—	First South Bancorp, Inc.	1,597,246	$1.597M	0.1%	$1.00	—	Common	33646D102
TOWN	TowneBank	49,152	$1.578M	0.1%	$30.05	+3.3%	Common	89214P109
PMHG	Prime Meridian Holding Company	77,415	$1.572M	0.1%	$18.21	0.0%	Common	74164R107
SOBS	Solvay Bank Corporation	37,743	$1.55M	0.1%	$22.47	+12.5%	Common	83441Q105
—	Empire Bancorp Inc.	100,188	$1.503M	0.1%	$13.99	—	Common	291617108
PCLB	Pinnacle Bancshares, Inc.	62,565	$1.502M	0.1%	$18.38	0.0%	Common	722903101
—	Fauquier Bancshares, Inc.	67,676	$1.435M	0.1%	$12.52	—	Common	312059108
SF	Stifel Financial Corp.	27,427	$1.433M	0.1%	$20.09	+73.1%	Common	860630102
—	Santa Cruz County Bank	27,365	$1.339M	0.1%	$16097.38	—	Common	801827106
PGNN	Paragon Financial Solutions, Inc.	119,536	$1.321M	0.1%	$6.59	+67.1%	Common	69912S100
ESQ	Esquire Bank, National Association	50,000	$1.32M	0.1%	$14.50	+66.4%	Common	29667J101
—	Middletown Valley Bank	52,632	$1.318M	0.1%	$25.04	—	Common	597338102
—	Americas United Bank	97,400	$1.305M	0.1%	$13.40	—	Common	03063C101
IROQ	IF Bancorp, Inc.	54,072	$1.292M	0.1%	$16.71	+27.1%	Common	44951J105
BWB	Bridgewater Bancshares, Inc.	100,000	$1.272M	0.1%	$12.89	+0.9%	Common	108621103
—	Bank of Fincastle	506,486	$1.185M	0.1%	$2.11	—	Common	062113105
—	Sevier County Bancshares, Inc.	110,000	$1.172M	0.1%	$10.00	—	Common	81817P206
—	Access National Corporation	40,740	$1.165M	0.1%	$26.51	—	Common	004337101
—	Salisbury Bancorp, Inc.	26,216	$1.159M	0.1%	$26.30	—	Common	795226109
TYFG	Tri-County Financial Group, Inc.	26,822	$1.145M	0.1%	$36.82	0.0%	Common	89546P108
GNRV	Grand River Commerce, Inc.	181,819	$1.091M	0.1%	$5.91	+1.7%	Common	386441109
—	Greater Hudson Bank	189,149	$1.059M	0.1%	$5.10	—	Common	391868106
—	Wellesley Bancorp, Inc.	30,879	$1.045M	0.1%	$27.62	—	Common	949485106
—	Carter Bank & Trust	56,406	$1.013M	0.1%	$12.38	—	Common	146102108
—	First Priority Financial Corp.	83,179	$991K	0.1%	$7.95	—	Common	33612N100
—	Village Bank and Trust Financial Corp.	29,133	$983K	0.1%	$17.39	—	Common	92705T200
UWHR	Uwharrie Capital Corp	157,538	$947K	0.0%	$5.57	0.0%	Common	918183104
—	Surrey Bancorp	69,785	$935K	0.0%	$11.40	—	Common	86888W105
—	Pioneer Bancshares, Inc	30,000	$914K	0.0%	$30.47	—	Common	72357G102
—	AJS Bancorp, Inc.	56,668	$796K	0.0%	$14.66	—	Common	001503101
—	Town and Country Financial Corporation	34,513	$732K	0.0%	$10.82	—	Common	892039108
FSRL	First Reliance Bancshares, Inc.	84,792	$636K	0.0%	$7.53	-2.2%	Common	33615Q100
—	HomeTown Bankshares Corporation	42,342	$595K	0.0%	$6.43	—	Common	43787N108
—	First Citrus Bancorporation, Inc.	22,567	$570K	0.0%	$17.51	—	Common	31959T102
—	Carolina Alliance Bank	44,369	$561K	0.0%	$12.13	—	Common	126742105
—	MBT Financial Corp.	51,293	$546K	0.0%	$5.04	—	Common	578877102
FFMH	First Farmers and Merchants Corporation	12,500	$521K	0.0%	$30.90	+7.8%	Common	320148109
HIFS	Hingham Institution for Savings	2,355	$517K	0.0%	$58.20	+233.8%	Common	433323102
—	American River Bankshares	32,522	$515K	0.0%	$9.53	—	Common	029326105
—	Manning & Napier, Inc.	147,860	$458K	0.0%	$12.32	—	Common	56382Q102
TRUX	Truxton Corporation	9,800	$370K	0.0%	$28.10	0.0%	Common	89845Y107
—	State Bank Corp.	21,100	$331K	0.0%	$6.65	—	Common	856121108
CZWI	Citizens Community Bancorp, Inc.	23,000	$325K	0.0%	$11.78	+1.4%	Common	174903104
—	Guaranty Bancorp	10,000	$298K	0.0%	$19.02	—	Common	40075T607
—	PB Bancorp, Inc.	23,801	$270K	0.0%	$8.97	—	Common	70454T100
BUSE	First Busey Corporation	6,772	$215K	0.0%	$14.09	+63.1%	Common	319383204
BLHK	blueharbor bank	10,800	$131K	0.0%	$11.65	0.0%	Common	095613105