ENDEAVOUR CAPITAL ADVISORS INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QCRH	QCR HOLDINGS INC	328,497 (+23.3%)	$27,364 (+35.8%)	7.6%	$55.21	+42.5%	COM	74727A104
EFSC	ENTERPRISE FINL SVCS CORP	185,240 (+109.8%)	$10,003 (+95.4%)	2.8%	$49.22	+11.1%	COM	293712105
OBK	ORIGIN BANCORP INC	276,308 (+44.3%)	$10,392 (+57.2%)	2.9%	$36.55	-2.0%	COM	68621T102
ONB	OLD NATL BANCORP IND	591,920 (+35.5%)	$13,206 (+37.7%)	3.7%	$20.93	+3.0%	COM	680033107
FIGR	FIGURE TECHNOLOGY SOLUTIO	322,851 (+9.5%)	$13,185 (+23.0%)	3.7%	$38.94	+2.7%	COM CL A	349381103
CNOB	CONNECTONE BANCORP INC	128,972 (+79.0%)	$3,382 (+89.2%)	0.9%	$24.59	+1.9%	COM	20786W107
BHRB	BURKE HERBERT FINL SVCS CORP	125,323 (+22.0%)	$7,809 (+23.2%)	2.2%	$59.51	+4.1%	COM	12135Y108
FMBH	FIRST MID ILL BANCSHARES INC	208,719 (+10.9%)	$8,140 (+14.1%)	2.3%	$27.25	+38.4%	COM	320866106

Exited Positions (2)

FSBC FIVE STAR BANCORP 0.4%

Value ($000) $1,532 Shares 47,579 Est. Cost $22.59 Unrealized +52.2%

SBCF SEACOAST BKG CORP FLA 0.1%

Value ($000) $356 Shares 11,688 Est. Cost $29.40 Unrealized +6.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FSBC	FIVE STAR BANCORP	47,579	$1,532	0.4%	$22.59	+52.2%	—	33830T103
SBCF	SEACOAST BKG CORP FLA	11,688	$356	0.1%	$29.40	+6.0%	—	811707801

Decreased Positions (14)

BCAL CALIFORNIA BANCORP 9.2%

Value ($000) $32,954 (-12.7%) Shares 1,765,077 (-22.0%) Est. Cost $14.34 Unrealized +27.6%

USCB USCB FINANCIAL HOLDINGS INC 5.4%

Value ($000) $19,477 (-10.5%) Shares 1,057,369 (-15.2%) Est. Cost $12.45 Unrealized +43.5%

BANC BANC OF CALIFORNIA INC 2.5%

Value ($000) $8,936 (-16.6%) Shares 463,243 (-28.4%) Est. Cost $17.13 Unrealized +4.2%

OCFC OCEANFIRST FINL CORP 4.0%

Value ($000) $14,360 (-8.9%) Shares 799,997 (-10.8%) Est. Cost $17.64 Unrealized +4.4%

EWBC EAST WEST BANCORP INC 0.1%

Value ($000) $453 (-74.9%) Shares 4,029 (-76.2%) Est. Cost $90.20 Unrealized +16.6%

CBNA CHAIN BRIDGE BANCORP INC 0.8%

Value ($000) $2,746 (-26.7%) Shares 79,266 (-30.7%) Est. Cost $23.58 Unrealized +37.1%

CBFV CB FINL SVCS INC 0.3%

Value ($000) $936 (-45.6%) Shares 26,846 (-48.2%) Est. Cost $17.91 Unrealized +87.3%

FVCB FVCBANKCORP INC 5.0%

Value ($000) $18,137 (+3.9%) Shares 1,303,854 (-3.2%) Est. Cost $12.86 Unrealized -1.1%

EBC EASTERN BANKSHARES INC 1.9%

Value ($000) $6,962 (-8.0%) Shares 377,776 (-9.4%) Est. Cost $14.96 Unrealized +21.8%

VLY VALLEY NATL BANCORP 4.2%

Value ($000) $15,144 (-3.1%) Shares 1,296,618 (-12.0%) Est. Cost $9.74 Unrealized +13.9%

HBAN HUNTINGTON BANCSHARES INC 0.1%

Value ($000) $344 (-55.1%) Shares 19,853 (-55.3%) Est. Cost $15.27 Unrealized +6.7%

UVSP UNIVEST FINANCIAL CORPORATIO 2.2%

Value ($000) $8,077 (+4.6%) Shares 246,703 (-4.0%) Est. Cost $20.99 Unrealized +49.2%

BY BYLINE BANCORP INC 1.3%

Value ($000) $4,522 (+4.0%) Shares 155,140 (-1.1%) Est. Cost $25.45 Unrealized +9.8%

CCB COASTAL FINL CORP WA 5.2%

Value ($000) $18,555 (+0.1%) Shares 161,924 (-5.5%) Est. Cost $16.32 Unrealized +568.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BCAL	CALIFORNIA BANCORP	1,765,077 (-22.0%)	$32,954 (-12.7%)	9.2%	$14.34	+27.6%	COM	84252A106
USCB	USCB FINANCIAL HOLDINGS INC	1,057,369 (-15.2%)	$19,477 (-10.5%)	5.4%	$12.45	+43.5%	CLASS A COM	90355N101
BANC	BANC OF CALIFORNIA INC	463,243 (-28.4%)	$8,936 (-16.6%)	2.5%	$17.13	+4.2%	COM	05990K106
OCFC	OCEANFIRST FINL CORP	799,997 (-10.8%)	$14,360 (-8.9%)	4.0%	$17.64	+4.4%	COM	675234108
EWBC	EAST WEST BANCORP INC	4,029 (-76.2%)	$453 (-74.9%)	0.1%	$90.20	+16.6%	COM	27579R104
CBNA	CHAIN BRIDGE BANCORP INC	79,266 (-30.7%)	$2,746 (-26.7%)	0.8%	$23.58	+37.1%	CL A	15746L100
CBFV	CB FINL SVCS INC	26,846 (-48.2%)	$936 (-45.6%)	0.3%	$17.91	+87.3%	COM	12479G101
FVCB	FVCBANKCORP INC	1,303,854 (-3.2%)	$18,137 (+3.9%)	5.0%	$12.86	-1.1%	COM	36120Q101
EBC	EASTERN BANKSHARES INC	377,776 (-9.4%)	$6,962 (-8.0%)	1.9%	$14.96	+21.8%	COM	27627N105
VLY	VALLEY NATL BANCORP	1,296,618 (-12.0%)	$15,144 (-3.1%)	4.2%	$9.74	+13.9%	COM	919794107
HBAN	HUNTINGTON BANCSHARES INC	19,853 (-55.3%)	$344 (-55.1%)	0.1%	$15.27	+6.7%	COM	446150104
UVSP	UNIVEST FINANCIAL CORPORATIO	246,703 (-4.0%)	$8,077 (+4.6%)	2.2%	$20.99	+49.2%	COM	915271100
BY	BYLINE BANCORP INC	155,140 (-1.1%)	$4,522 (+4.0%)	1.3%	$25.45	+9.8%	COM	124411109
CCB	COASTAL FINL CORP WA	161,924 (-5.5%)	$18,555 (+0.1%)	5.2%	$16.32	+568.5%	COM NEW	19046P209

Unchanged Positions (11)

SFST SOUTHERN FIRST BANCSHARES 8.4%

Value ($000) $30,191 Shares 586,014 Est. Cost $36.40 Unrealized +31.7%

CIVB CIVISTA BANCSHARES INC 3.4%

Value ($000) $12,181 Shares 548,213 Est. Cost $20.64 Unrealized +6.0%

AVBH AVIDBANK HLDGS INC 5.2%

Value ($000) $18,536 Shares 697,886 Est. Cost $23.63 Unrealized +9.8%

COSO COASTALSOUTH BANCSHARES INC 2.2%

Value ($000) $7,832 Shares 336,840 Est. Cost $21.58 Unrealized +2.9%

FNWD FINWARD BANCORP 1.0%

Value ($000) $3,503 Shares 99,543 Est. Cost $41.10 Unrealized -14.6%

VABK VIRGINIA NATL BANKSHARES COR 2.9%

Value ($000) $10,422 Shares 261,523 Est. Cost $33.38 Unrealized +19.8%

ALRS ALERUS FINL CORP 3.2%

Value ($000) $11,632 Shares 516,532 Est. Cost $19.19 Unrealized +12.7%

MVBF MVB FINL CORP 1.4%

Value ($000) $4,857 Shares 188,019 Est. Cost $17.43 Unrealized +51.6%

FLG FLAGSTAR FINANCIAL INC 0.3%

Value ($000) $1,014 Shares 80,531 Est. Cost $10.59 Unrealized +12.9%

NBTB NBT BANCORP INC 0.8%

Value ($000) $3,017 Shares 72,671 Est. Cost $41.63 Unrealized -0.1%

NFBK NORTHFIELD BANCORP INC DEL 0.1%

Value ($000) $479 Shares 41,940 Est. Cost $10.84 Unrealized +0.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SFST	SOUTHERN FIRST BANCSHARES	586,014	$30,191	8.4%	$36.40	+31.7%	COM	842873101
CIVB	CIVISTA BANCSHARES INC	548,213	$12,181	3.4%	$20.64	+6.0%	COM NO PAR	178867107
AVBH	AVIDBANK HLDGS INC	697,886	$18,536	5.2%	$23.63	+9.8%	COM	05368J103
COSO	COASTALSOUTH BANCSHARES INC	336,840	$7,832	2.2%	$21.58	+2.9%	COM NEW	19058X207
FNWD	FINWARD BANCORP	99,543	$3,503	1.0%	$41.10	-14.6%	COM	31812F109
VABK	VIRGINIA NATL BANKSHARES COR	261,523	$10,422	2.9%	$33.38	+19.8%	COM	928031103
ALRS	ALERUS FINL CORP	516,532	$11,632	3.2%	$19.19	+12.7%	COM	01446U103
MVBF	MVB FINL CORP	188,019	$4,857	1.4%	$17.43	+51.6%	COM	553810102
FLG	FLAGSTAR FINANCIAL INC	80,531	$1,014	0.3%	$10.59	+12.9%	COM NEW	649445400
NBTB	NBT BANCORP INC	72,671	$3,017	0.8%	$41.63	-0.1%	COM	628778102
NFBK	NORTHFIELD BANCORP INC DEL	41,940	$479	0.1%	$10.84	+0.7%	COM	66611T108