JCSD Capital, LLC Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FFBB	FFB Bancorp	119,896	$10,191	12.0%	$83.22	0.0%	COM	20344D104
PMHG	Prime Meridian Holding Co	121,171	$6,858	8.1%	$54.24	0.0%	COM	74164R107
EGBN	EAGLE BANCORP INC MD	131,400	$2,815	3.3%	$19.26	0.0%	CALL	268948106
GDOT	GREEN DOT CORP	157,800	$2,021	2.4%	$12.42	0.0%	CALL	39304D102
LOB	LIVE OAK BANCSHARES INC	53,300	$1,831	2.2%	—	—	PUT	53803X105
EGBN	EAGLE BANCORP INC MD	56,500	$1,210	1.4%	$19.26	0.0%	COM	268948106
TFIN	TRIUMPH FINANCIAL INC	18,600	$1,165	1.4%	—	—	PUT	89679E300
FLG	FLAGSTAR BANK NATIONAL ASSOC	82,800	$1,042	1.2%	—	—	PUT	649445400
VLY	VALLEY NATL BANCORP	63,000	$736	0.9%	—	—	PUT	919794107
BCBP	BCB BANCORP INC	73,000	$589	0.7%	—	—	PUT	055298103
MVBF	MVB FINL CORP	10,000	$258	0.3%	—	—	PUT	553810102
FULT	FULTON FINL CORP PA	5,000	$97	0.1%	—	—	PUT	360271100
WAL	WESTERN ALLIANCE BANCORP	188	$16	0.0%	$80.63	0.0%	COM	957638109
GDOT	GREEN DOT CORP	1,000	$13	0.0%	$12.42	0.0%	CL A	39304D102
COLB	COLUMBIA BKG SYS INC	100	$3	0.0%	$26.85	0.0%	COM	197236102

Increased Positions (4)

CHYM CHIME FINL INC 1.3%

Value ($000) $1,128 (+6729.1%) Shares 44,819 (+5372.4%) Est. Cost $21.37 Unrealized -0.6%

GBFH GBANK FINL HLDGS INC 2.5%

Value ($000) $2,133 (+33.1%) Shares 62,939 (+54.2%) Est. Cost $38.45 Unrealized -4.8%

UWMC UWM HOLDINGS CORPORATION 1.1%

Value ($000) $945 (+55.2%) Shares 215,799 (+115.8%) Est. Cost $5.32 Unrealized +1.2%

EWBC EAST WEST BANCORP INC 5.3%

Value ($000) $4,509 (+6.9%) Shares 40,123 (+1.3%) Est. Cost $61.24 Unrealized +71.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CHYM	CHIME FINL INC	44,819 (+5372.4%)	$1,128 (+6729.1%)	1.3%	$21.37	-0.6%	COM SHS CL A	16935C109
GBFH	GBANK FINL HLDGS INC	62,939 (+54.2%)	$2,133 (+33.1%)	2.5%	$38.45	-4.8%	COM	36166F100
UWMC	UWM HOLDINGS CORPORATION	215,799 (+115.8%)	$945 (+55.2%)	1.1%	$5.32	+1.2%	COM CL A	91823B109
EWBC	EAST WEST BANCORP INC	40,123 (+1.3%)	$4,509 (+6.9%)	5.3%	$61.24	+71.7%	COM	27579R104

Exited Positions (11)

KRE SPDR SERIES TRUST 63.5%

Value ($000) $53,805 Shares 850,000 Est. Cost $59.39 Unrealized —

AMTB AMERANT BANCORP INC 3.1%

Value ($000) $2,606 Shares 135,260 Est. Cost $21.00 Unrealized -11.9%

CCB COASTAL FINL CORP WA 1.8%

Value ($000) $1,514 Shares 14,000 Est. Cost $41.49 Unrealized +163.0%

MQ MARQETA INC 1.2%

Value ($000) $985 Shares 186,500 Est. Cost $4.74 Unrealized +1.2%

FNB F N B CORP 1.0%

Value ($000) $806 Shares 50,000 Est. Cost $15.72 Unrealized +3.5%

FHN FIRST HORIZON CORPORATION 0.8%

Value ($000) $678 Shares 30,000 Est. Cost $21.97 Unrealized +1.0%

CHYM CHIME FINL INC 0.8%

Value ($000) $666 Shares 33,000 Est. Cost $21.37 Unrealized -0.6%

OSBC OLD SECOND BANCORP INC ILL 0.6%

Value ($000) $488 Shares 28,200 Est. Cost $17.86 Unrealized +4.1%

FINX GLOBAL X FDS 0.4%

Value ($000) $335 Shares 10,000 Est. Cost — Unrealized —

KRE SPDR SERIES TRUST 0.0%

Value ($000) $6 Shares 100 Est. Cost $59.39 Unrealized —

MQ MARQETA INC 0.0%

Value ($000) $1 Shares 100 Est. Cost $4.74 Unrealized +1.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KRE	SPDR SERIES TRUST	850,000	$53,805	63.5%	$59.39	—	PUT	78464A698
AMTB	AMERANT BANCORP INC	135,260	$2,606	3.1%	$21.00	-11.9%	—	023576101
CCB	COASTAL FINL CORP WA	14,000	$1,514	1.8%	$41.49	+163.0%	CALL	19046P209
MQ	MARQETA INC	186,500	$985	1.2%	$4.74	+1.2%	CALL	57142B104
FNB	F N B CORP	50,000	$806	1.0%	$15.72	+3.5%	—	302520101
FHN	FIRST HORIZON CORPORATION	30,000	$678	0.8%	$21.97	+1.0%	—	320517105
CHYM	CHIME FINL INC	33,000	$666	0.8%	$21.37	-0.6%	CALL	16935C109
OSBC	OLD SECOND BANCORP INC ILL	28,200	$488	0.6%	$17.86	+4.1%	CALL	680277100
FINX	GLOBAL X FDS	10,000	$335	0.4%	—	—	PUT	37954Y814
KRE	SPDR SERIES TRUST	100	$6	0.0%	$59.39	—	—	78464A698
MQ	MARQETA INC	100	$1	0.0%	$4.74	+1.2%	—	57142B104

Decreased Positions (5)

FOUR SHIFT4 PMTS INC 0.6%

Value ($000) $548 (-70.1%) Shares 8,709 (-63.3%) Est. Cost $66.01 Unrealized +7.0%

UWMC UWM HOLDINGS CORPORATION 0.3%

Value ($000) $285 (-75.5%) Shares 65,000 (-66.0%) Est. Cost $5.32 Unrealized +1.2%

MCHB MECHANICS BANCORP 0.0%

Value ($000) $7 (-99.2%) Shares 461 (-99.3%) Est. Cost $12.97 Unrealized +7.2%

NLY ANNALY CAPITAL MANAGEMENT IN 0.9%

Value ($000) $783 (-22.6%) Shares 35,000 (-30.0%) Est. Cost $18.82 Unrealized —

OSBC OLD SECOND BANCORP INC ILL 1.7%

Value ($000) $1,445 (+11.3%) Shares 74,100 (-1.3%) Est. Cost $17.86 Unrealized +4.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FOUR	SHIFT4 PMTS INC	8,709 (-63.3%)	$548 (-70.1%)	0.6%	$66.01	+7.0%	CL A	82452J109
UWMC	UWM HOLDINGS CORPORATION	65,000 (-66.0%)	$285 (-75.5%)	0.3%	$5.32	+1.2%	CALL	91823B109
MCHB	MECHANICS BANCORP	461 (-99.3%)	$7 (-99.2%)	0.0%	$12.97	+7.2%	CL A	43785V102
NLY	ANNALY CAPITAL MANAGEMENT IN	35,000 (-30.0%)	$783 (-22.6%)	0.9%	$18.82	—	COM NEW	035710839
OSBC	OLD SECOND BANCORP INC ILL	74,100 (-1.3%)	$1,445 (+11.3%)	1.7%	$17.86	+4.1%	COM	680277100

Unchanged Positions (5)

CCB COASTAL FINL CORP WA 17.5%

Value ($000) $14,787 Shares 129,040 Est. Cost $41.49 Unrealized +163.0%

NTB BANK OF NT BUTTERFIELD&SON L 4.6%

Value ($000) $3,926 Shares 78,800 Est. Cost $40.31 Unrealized +14.3%

IVV ISHARES TR 24.6%

Value ($000) $20,856 Shares 30,450 Est. Cost $620.90 Unrealized —

BPOP POPULAR INC 3.4%

Value ($000) $2,876 Shares 23,100 Est. Cost $71.41 Unrealized +64.8%

KRE SPDR SERIES TRUST 1.9%

Value ($000) $1,620 Shares 25,000 Est. Cost $59.39 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCB	COASTAL FINL CORP WA	129,040	$14,787	17.5%	$41.49	+163.0%	COM NEW	19046P209
NTB	BANK OF NT BUTTERFIELD&SON L	78,800	$3,926	4.6%	$40.31	+14.3%	SHS NEW	G0772R208
IVV	ISHARES TR	30,450	$20,856	24.6%	$620.90	—	CORE S&P500 ETF	464287200
BPOP	POPULAR INC	23,100	$2,876	3.4%	$71.41	+64.8%	COM NEW	733174700
KRE	SPDR SERIES TRUST	25,000	$1,620	1.9%	$59.39	—	CALL	78464A698