Banc Funds 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
1st Capital Bank	Common	31944C107	2,889	252,326	SH		SOLE		252,326	0	0
1st Colonial Bancorp	Common	319716106	1,775	228,765	SH		SOLE		228,765	0	0
1st Constitution Bancorp	Common	31986N102	8,873	738,160	SH		SOLE		738,160	0	0
1st Source Corporation	Common	336901103	1,458	45,000	SH		SOLE		45,000	0	0
Access National Corporation	Common	004337101	1,503	77,021	SH		SOLE		77,021	0	0
AJS Bancorp, Inc.	Common	001503101	440	29,500	SH		SOLE		29,500	0	0
Allegiance Bancshares, Inc.	Common	01748H107	7,849	315,458	SH		SOLE		315,458	0	0
AMB Financial Corp.	Common	001984103	1,181	93,750	SH		SOLE		93,750	0	0
American Business Bank	Common	02475L105	7,949	290,642	SH		SOLE		290,642	0	0
American Homes 4 Rent	Common	02665T306	15,929	777,800	SH		SOLE		777,800	0	0
American River Bankshares	Common	029326105	3,779	368,357	SH		SOLE		368,357	0	0
American Riviera Bank	Common	02932A106	3,130	289,797	SH		SOLE		289,797	0	0
Aquesta Financial Holdings, Inc.	Common	03842L109	1,611	201,368	SH		SOLE		201,368	0	0
Aspen Insurance Holdings Limited	Common	G05384105	5,520	119,012	SH		SOLE		119,012	0	0
Atlantic Capital Bancshares, Inc.	Common	048269203	8,989	621,622	SH		SOLE		621,622	0	0
Atlantic Coast Financial Corporation	Common	048426100	1,814	303,311	SH		SOLE		303,311	0	0
Auburn National Bancorporation, Inc.	Common	050473107	4,491	157,639	SH		SOLE		157,639	0	0
Avenue Financial Holdings, Inc.	Common	05358K102	9,387	477,700	SH		SOLE		477,700	0	0
Avidbank Holdings, Inc.	Common	05368J103	4,793	327,179	SH		SOLE		327,179	0	0
Banc of California, Inc.	Common	05990K106	2,230	123,204	SH		SOLE		123,204	0	0
Bancorp of New Jersey, Inc.	Common	059915108	265	22,716	SH		SOLE		22,716	0	0
Bank First National Corporation	Common	06211J100	3,889	138,897	SH		SOLE		138,897	0	0
Bank of Commerce Holdings	Common	06424J103	4,500	681,851	SH		SOLE		681,851	0	0
Bank of Marin Bancorp	Common	063425102	11,633	240,496	SH		SOLE		240,496	0	0
Bank of Napa, N.A.	Common	063770101	840	84,006	SH		SOLE		84,006	0	0
Bank of Santa Clarita	Common	06424K100	1,511	152,930	SH		SOLE		152,930	0	0
Bank of Southern California, N. A.	Common	065104101	2,640	320,000	SH		SOLE		320,000	0	0
Bank of the James Financial Group, Inc.	Common	470299108	3,302	269,528	SH		SOLE		269,528	0	0
BankFinancial Corporation	Common	06643P104	3,543	295,471	SH		SOLE		295,471	0	0
Bankwell Financial Group, Inc.	Common	06654A103	6,540	296,444	SH		SOLE		296,444	0	0
Banner Corporation	Common	06652V208	3,884	91,293	SH		SOLE		91,293	0	0
Bar Harbor Bankshares	Common	066849100	927	26,408	SH		SOLE		26,408	0	0
Baraboo Bancorporation, Inc.	Common	067021105	328	187,645	SH		SOLE		187,645	0	0
Bay Commercial Bank	Common	072199102	5,430	450,686	SH		SOLE		450,686	0	0
BCB Bancorp, Inc.	Common	055298103	3,072	300,000	SH		SOLE		300,000	0	0
Birmingham Bloomfield Bancshares, Inc.	Common	091112102	747	81,630	SH		SOLE		81,630	0	0
Blackhawk Bancorp, Inc.	Common	09237E204	3,257	179,468	SH		SOLE		179,468	0	0
BNC Bancorp	Common	05566T101	6,204	273,205	SH		SOLE		273,205	0	0
Boston Private Financial Holdings, Inc.	Common	101119105	21,206	1,800,163	SH		SOLE		1,800,163	0	0
Bridge Bancorp Inc.	Common	108035106	2,498	87,965	SH		SOLE		87,965	0	0
Bryn Mawr Bank Corporation	Common	117665109	6,306	215,952	SH		SOLE		215,952	0	0
BSB Bancorp, Inc.	Common	05573H108	16,132	712,224	SH		SOLE		712,224	0	0
C1 Financial, Inc.	Common	12591N109	1,400	60,000	SH		SOLE		60,000	0	0
California Bank of Commerce	Common	13005C101	4,716	350,901	SH		SOLE		350,901	0	0
Cambridge Bancorp	Common	132152109	17,104	367,126	SH		SOLE		367,126	0	0
Capital Bank Financial Corp.	Common	139794101	17,439	605,524	SH		SOLE		605,524	0	0
Cardinal Financial Corporation	Common	14149F109	5,425	247,278	SH		SOLE		247,278	0	0
Carolina Bank Holdings, Inc.	Common	143785103	1,930	110,400	SH		SOLE		110,400	0	0
Carolina Financial Corporation	Common	143873107	2,802	150,000	SH		SOLE		150,000	0	0
Carolina Trust Bank	Common	144200102	2,199	372,714	SH		SOLE		372,714	0	0
Carter Bank & Trust	Common	146102108	4,384	346,558	SH		SOLE		346,558	0	0
Cashmere Valley Bank	Common	14756K102	2,975	72,558	SH		SOLE		72,558	0	0
CB Financial Services, Inc.	Common	12479G101	775	36,401	SH		SOLE		36,401	0	0
CBOE Holdings	Common	12503M108	666	10,000	SH		SOLE		10,000	0	0
Centerpointe Community Bank	Common	15200G100	262	31,200	SH		SOLE		31,200	0	0
CenterState Banks, Inc.	Common	15201P109	28,944	1,837,687	SH		SOLE		1,837,687	0	0
Central Pacific Financial Corp.	Common	154760409	14,665	621,399	SH		SOLE		621,399	0	0
Central Valley Community Bancorp	Common	155685100	12,823	915,895	SH		SOLE		915,895	0	0
Centrue Financial Corporation	Common	15643B205	5,116	294,038	SH		SOLE		294,038	0	0
Century Bancorp, Inc.	Common	156432106	3,543	83,688	SH		SOLE		83,688	0	0
Century Financial Corporation	Common	15652L102	1,049	67,238	SH		SOLE		67,238	0	0
Charter Financial Corporation	Common	16122W108	5,463	411,395	SH		SOLE		411,395	0	0
Chicopee Bancorp, Inc.	Common	168565109	2,807	153,730	SH		SOLE		153,730	0	0
Citizens Bancorp	Common	172950107	680	54,837	SH		SOLE		54,837	0	0
Citizens Financial Services	Common	174615104	1,892	37,104	SH		SOLE		37,104	0	0
Clifton Bancorp Inc.	Common	186873105	1,256	83,332	SH		SOLE		83,332	0	0
CNB Financial Corporation	Common	126128107	4,114	231,122	SH		SOLE		231,122	0	0
Coastal Banking Co., Inc.	Common	19041N100	1,086	83,615	SH		SOLE		83,615	0	0
CoBiz Financial Inc.	Common	190897108	22,912	1,958,273	SH		SOLE		1,958,273	0	0
Codorus Valley Bancorp, Inc.	Common	192025104	15,044	738,532	SH		SOLE		738,532	0	0
Commencement Bank	Common	20051L109	714	78,500	SH		SOLE		78,500	0	0
Commerce Union Bancshares, Inc.	Common	200828101	1,863	122,020	SH		SOLE		122,020	0	0
CommerceWest Bank	Common	20084T103	5,140	349,712	SH		SOLE		349,712	0	0
Communities First Financial Corporation	Common	20344D104	2,131	216,167	SH		SOLE		216,167	0	0
Community Bank of Santa Maria	Common	203598107	1,535	198,824	SH		SOLE		198,824	0	0
Community Bankers Trust Corporation	Common	203612106	6,824	1,317,423	SH		SOLE		1,317,423	0	0
Community Financial Corporation	Common	20368X101	5,868	265,032	SH		SOLE		265,032	0	0
CommunityOne Bancorp	Common	20416Q108	995	78,700	SH		SOLE		78,700	0	0
ConnectOne Bancorp, Inc.	Common	20786W107	5,727	365,000	SH		SOLE		365,000	0	0
Consumers Bancorp, Inc.	Common	210509105	2,278	136,792	SH		SOLE		136,792	0	0
Cordia Bancorp Inc.	Common	218513109	2,273	451,063	SH		SOLE		451,063	0	0
Cornerstone Financial	Common	21925G102	112	93,071	SH		SOLE		93,071	0	0
County Bancorp, Inc.	Common	221907108	2,235	108,381	SH		SOLE		108,381	0	0
CU Bancorp	Common	126534106	27,182	1,195,881	SH		SOLE		1,195,881	0	0
DCB Financial Corp	Common	233075100	3,639	516,159	SH		SOLE		516,159	0	0
Diamond Hill Investment Group, Inc.	Common	25264R207	2,127	11,288	SH		SOLE		11,288	0	0
DNB Financial Corporation	Common	233237106	1,030	43,641	SH		SOLE		43,641	0	0
Eagle Bancorp, Inc.	Common	268948106	13,206	274,490	SH		SOLE		274,490	0	0
Eagle Financial Services Inc.	Common	26951R104	2,113	92,266	SH		SOLE		92,266	0	0
Eastern Virginia Bankshares, Inc.	Common	277196101	1,624	215,078	SH		SOLE		215,078	0	0
Embassy Bancorp, Inc.	Common	290791102	169	16,093	SH		SOLE		16,093	0	0
Emclaire Financial Corp.	Common	290828102	2,806	117,207	SH		SOLE		117,207	0	0
Enterprise Bancorp, Inc.	Common	293668109	6,750	281,352	SH		SOLE		281,352	0	0
Enterprise Financial Services Corp	Common	293712105	44,423	1,592,804	SH		SOLE		1,592,804	0	0
Equity Bancshares, Inc.	Common	29460X109	4,207	190,000	SH		SOLE		190,000	0	0
ESSA Bancorp, Inc.	Common	29667D104	1,718	128,218	SH		SOLE		128,218	0	0
Farmers National Banc Corp.	Common	309627107	3,354	381,098	SH		SOLE		381,098	0	0
Fauquier Bancshares, Inc.	Common	312059108	2,833	194,963	SH		SOLE		194,963	0	0
FCB Financial Holdings, Inc.	Common	30255G103	4,654	136,871	SH		SOLE		136,871	0	0
Federated National Holding Company	Common	31422T101	1,409	74,000	SH		SOLE		74,000	0	0
Fentura Financial, Inc.	Common	314645102	1,423	106,975	SH		SOLE		106,975	0	0
Fidelity Southern Corporation	Common	316394105	22,889	1,460,697	SH		SOLE		1,460,697	0	0
Financial Institutions, Inc.	Common	317585404	2,301	88,261	SH		SOLE		88,261	0	0
First Bancorp	Common	318910106	7,914	450,164	SH		SOLE		450,164	0	0
First Bancshares, Inc.	Common	318916103	8,350	483,491	SH		SOLE		483,491	0	0
First BancTrust Corporation	Common	31868G100	1,822	102,940	SH		SOLE		102,940	0	0
First Bank	Common	31931U102	6,064	873,734	SH		SOLE		873,734	0	0
First Busey Corporation	Common	319383204	3,903	182,457	SH		SOLE		182,457	0	0
First Business Financial Services	Common	319390100	15,507	660,728	SH		SOLE		660,728	0	0
First Choice Bank	Common	319461109	6,853	442,148	SH		SOLE		442,148	0	0
First Colebrook Bancorp, Inc.	Common	31971A107	1,091	60,627	SH		SOLE		60,627	0	0
First Community Corporation	Common	319835104	5,852	418,319	SH		SOLE		418,319	0	0
First Community Financial Partners, Inc.	Common	31985Q106	4,381	497,801	SH		SOLE		497,801	0	0
First Defiance Financial Corp.	Common	32006W106	1,475	37,963	SH		SOLE		37,963	0	0
First Foundation Inc.	Common	32026V104	5,132	238,700	SH		SOLE		238,700	0	0
First Guaranty Bancshares, Inc.	Common	32043P106	1,480	92,477	SH		SOLE		92,477	0	0
First Menasha Bancshares, Inc.	Common	320999675	2,655	33,503	SH		SOLE		33,503	0	0
First Merchants Corp.	Common	320817109	19,528	783,326	SH		SOLE		783,326	0	0
First Midwest Bancorp, Inc.	Common	320867104	27,333	1,556,540	SH		SOLE		1,556,540	0	0
First National Corporation	Common	32106V107	3,563	367,720	SH		SOLE		367,720	0	0
First NBC Bank	Common	32115D106	12,065	718,583	SH		SOLE		718,583	0	0
First Northern Community Bancorp	Common	335925103	3,412	431,879	SH		SOLE		431,879	0	0
First of Long Island Corp.	Common	320734106	8,043	280,543	SH		SOLE		280,543	0	0
First Security, Inc.	Common	336327101	2,604	112,742	SH		SOLE		112,742	0	0
First Virginia Community Bank	Common	36120Q101	6,000	300,000	SH		SOLE		300,000	0	0
FirstAtlantic Financial Holdings, Inc.	Common	337651103	877	84,363	SH		SOLE		84,363	0	0
Flagstar Bancorp, Inc.	Common	337930705	3,268	133,900	SH		SOLE		133,900	0	0
FNB Bancorp	Common	302515101	7,460	263,589	SH		SOLE		263,589	0	0
Foresight Financial Group, Inc.	Common	345526107	4,980	201,626	SH		SOLE		201,626	0	0
Foundation Bancorp, Inc.	Common	35040A105	1,211	100,376	SH		SOLE		100,376	0	0
Fox Chase Bancorp, Inc.	Common	35137T108	1,188	58,429	SH		SOLE		58,429	0	0
Franklin Financial Network, Inc.	Common	35352P104	956	30,500	SH		SOLE		30,500	0	0
Glen Burnie Bancorp	Common	377407101	756	70,849	SH		SOLE		70,849	0	0
GrandSouth Bancorporation	Common	386627301	1,750	125,000	SH		SOLE		125,000	0	0
Green Bancorp, Inc.	Common	39260X100	1,919	220,100	SH		SOLE		220,100	0	0
Guaranty Bancorp	Common	40075T607	2,710	162,259	SH		SOLE		162,259	0	0
Guaranty Federal Bancshares, Inc.	Common	40108P101	3,189	199,709	SH		SOLE		199,709	0	0
HCSB Financial Corporation	Common	40413R107	7,116	22,238,470	SH		SOLE		22,238,470	0	0
Heartland BancCorp	Common	421962101	334	6,080	SH		SOLE		6,080	0	0
Heritage Commerce Corp	Common	426927109	17,657	1,676,829	SH		SOLE		1,676,829	0	0
Heritage Financial Corporation	Common	42722X106	17,206	978,738	SH		SOLE		978,738	0	0
Heritage Oaks Bancorp	Common	42724R107	16,423	2,068,442	SH		SOLE		2,068,442	0	0
Hilltop Holdings Inc.	Common	432748101	4,776	227,532	SH		SOLE		227,532	0	0
Hingham Institution for Savings	Common	433323102	4,113	33,463	SH		SOLE		33,463	0	0
Home Federal Bancorp, Inc. of Louisiana	Common	43708L108	2,071	96,556	SH		SOLE		96,556	0	0
HomeTown Bankshares Corporation	Common	43787N108	1,714	180,618	SH		SOLE		180,618	0	0
HopFed Bancorp, Inc.	Common	439734104	978	84,406	SH		SOLE		84,406	0	0
Horizon Bancorp	Common	440407104	5,484	218,142	SH		SOLE		218,142	0	0
Howard Bancorp, Inc.	Common	442496105	145	11,187	SH		SOLE		11,187	0	0
Iberiabank Corp	Common	450828108	10,783	180,534	SH		SOLE		180,534	0	0
Idaho Independent Bank	Common	45129P105	1,389	173,232	SH		SOLE		173,232	0	0
IF Bancorp, Inc.	Common	44951J105	1,542	84,072	SH		SOLE		84,072	0	0
Illini Corporation	Common	45177K206	2,375	36,532	SH		SOLE		36,532	0	0
Independent Alliance Banks, Inc.	Common	45380E104	2,227	74,370	SH		SOLE		74,370	0	0
Independent Bank Group, Inc	Common	45384B106	1,652	38,500	SH		SOLE		38,500	0	0
Investar Holding	Common	46134L105	4,275	277,948	SH		SOLE		277,948	0	0
James River Group Holdings, Ltd.	Common	G5005R107	2,486	73,210	SH		SOLE		73,210	0	0
John Marshall Bank	Common	47804G103	3,980	248,000	SH		SOLE		248,000	0	0
Kentucky Bancshares, Inc.	Common	491203105	705	26,094	SH		SOLE		26,094	0	0
La Porte Bancorp, Inc.	Common	516651106	247	15,100	SH		SOLE		15,100	0	0
Lake Shore Bancorp	Common	510700107	2,833	217,427	SH		SOLE		217,427	0	0
Lakeland Bancorp, Inc.	Common	511637100	18,317	1,609,554	SH		SOLE		1,609,554	0	0
Lakeland Financial Corporation	Common	511656100	709	15,092	SH		SOLE		15,092	0	0
Ledyard Financial Group, Inc.	Common	523338101	2,794	58,214	SH		SOLE		58,214	0	0
LegacyTexas Financial Group, Inc.	Common	52471Y106	5,761	214,072	SH		SOLE		214,072	0	0
Lighthouse Bank	Common	53223T106	644	45,479	SH		SOLE		45,479	0	0
Live Oak Bancshares	Common	53803X105	353	25,000	SH		SOLE		25,000	0	0
Macatawa Bank Corporation	Common	554225102	5,894	794,293	SH		SOLE		794,293	0	0
Mackinac Financial Corporation	Common	554571109	5,651	513,238	SH		SOLE		513,238	0	0
MainSource Financial Group, Inc.	Common	56062Y102	4,533	205,564	SH		SOLE		205,564	0	0
MainStreet Bancshares, Inc.	Common	56064Y100	4,566	383,726	SH		SOLE		383,726	0	0
Malvern Bancorp, Inc.	Common	561409103	3,016	193,319	SH		SOLE		193,319	0	0
Manning & Napier, Inc.	Common	56382Q102	2,552	268,603	SH		SOLE		268,603	0	0
Mars National Bancorp	Common	571697101	402	1,054	SH		SOLE		1,054	0	0
MB Financial, Inc.	Common	55264U108	21,333	588,021	SH		SOLE		588,021	0	0
MBT Financial Corp.	Common	578877102	6,605	825,633	SH		SOLE		825,633	0	0
Mechanics Bank	Common	583614102	2,425	89	SH		SOLE		89	0	0
Mercantile Bank Corporation	Common	587376104	36,347	1,523,343	SH		SOLE		1,523,343	0	0
Merchants Bancshares, Inc.	Common	588448100	1,277	41,901	SH		SOLE		41,901	0	0
Merchants Financial Group, Inc.	Common	588538108	3,046	66,212	SH		SOLE		66,212	0	0
Middlefield Banc Corp.	Common	596304204	980	30,963	SH		SOLE		30,963	0	0
Midsouth Bancorp, Inc.	Common	598039105	2,487	247,693	SH		SOLE		247,693	0	0
Mission Valley Bancorp	Common	60520E104	1,604	209,658	SH		SOLE		209,658	0	0
National Bank Holdings Corporation	Common	633707104	13,024	639,700	SH		SOLE		639,700	0	0
National Commerce Corporation	Common	63546L102	3,102	132,999	SH		SOLE		132,999	0	0
National General Holdings Corporation	Common	636220303	2,570	120,000	SH		SOLE		120,000	0	0
Nicolet Bankshares, Inc.	Common	65406E102	8,890	233,462	SH		SOLE		233,462	0	0
North Dallas Bank & Trust Co.	Common	659012108	4,312	70,687	SH		SOLE		70,687	0	0
Northeast Community Bancorp, Inc.	Common	664112109	3,068	489,307	SH		SOLE		489,307	0	0
Northway Financial, Inc.	Common	667270201	2,842	134,054	SH		SOLE		134,054	0	0
Northwest Bancorporation, Inc.	Common	667337109	5,328	582,281	SH		SOLE		582,281	0	0
NorthWest Indiana Bancorp	Common	667516108	5,130	176,889	SH		SOLE		176,889	0	0
Oak Ridge Financial Services, Inc.	Common	671768109	1,918	195,702	SH		SOLE		195,702	0	0
Oak Valley Bancorp	Common	671807105	4,432	454,589	SH		SOLE		454,589	0	0
OceanFirst Financial Corp.	Common	675234108	3,136	172,613	SH		SOLE		172,613	0	0
Old Line Bancshares, Inc.	Common	67984M100	10,632	590,667	SH		SOLE		590,667	0	0
Old Point Financial Corporation	Common	680194107	229	11,927	SH		SOLE		11,927	0	0
Old Second Bancorp, Inc.	Common	680277100	17,165	2,513,182	SH		SOLE		2,513,182	0	0
Orange County Bancorp	Common	68417L107	5,172	110,743	SH		SOLE		110,743	0	0
Orrstown Financial Services, Inc	Common	687380105	3,319	183,883	SH		SOLE		183,883	0	0
Pacific Commerce Bancorp	Common	69413A103	208	34,150	SH		SOLE		34,150	0	0
Pacific Continental Corporation	Common	69412V108	24,100	1,534,023	SH		SOLE		1,534,023	0	0
Pacific Financial Corporation	Common	694275108	2,125	296,821	SH		SOLE		296,821	0	0
Pacific Premier Bancorp, Inc.	Common	69478X105	8,837	368,205	SH		SOLE		368,205	0	0
Paragon Commercial Corporation	Common	69911U403	12,096	345,611	SH		SOLE		345,611	0	0
Paragon Financial Solutions, Inc.	Common	69912S100	2,086	338,632	SH		SOLE		338,632	0	0
Park Sterling Corp.	Common	70086Y105	21,528	3,036,355	SH		SOLE		3,036,355	0	0
Parke Bancorp, Inc.	Common	700885106	3,455	267,436	SH		SOLE		267,436	0	0
PB Bancorp, Inc.	Common	70454T100	1,058	125,601	SH		SOLE		125,601	0	0
Peapack-Gladstone Financial Corporation	Common	704699107	25,063	1,354,019	SH		SOLE		1,354,019	0	0
Peoples Bancorp Inc.	Common	709789101	11,576	531,231	SH		SOLE		531,231	0	0
Peoples Bancorp of North Carolina, Inc.	Common	710577107	2,704	137,887	SH		SOLE		137,887	0	0
People's Bank of Commerce	Common	710311101	1,751	186,888	SH		SOLE		186,888	0	0
Pinnacle Bank	Common	72346K107	1,273	173,166	SH		SOLE		173,166	0	0
Preferred Bank	Common	740367404	710	24,600	SH		SOLE		24,600	0	0
Premier Commercial Bancorp	Common	74048M100	2,781	380,972	SH		SOLE		380,972	0	0
Presidio Bank	Common	74101A100	1,959	143,544	SH		SOLE		143,544	0	0
Private Bancorp of America, Inc.	Common	74274F100	4,435	285,041	SH		SOLE		285,041	0	0
ProAm?rica Bank	Common	74272W105	1,198	42,623	SH		SOLE		42,623	0	0
Professional Holding Corp.	Common	743139107	990	90,000	SH		SOLE		90,000	0	0
PSB Holdings, Inc.	Common	69360N108	2,825	62,779	SH		SOLE		62,779	0	0
Puget Sound Bank	Common	74532B107	2,034	108,158	SH		SOLE		108,158	0	0
QCR Holdings, Inc.	Common	74727A104	15,820	581,835	SH		SOLE		581,835	0	0
QNB Corp.	Common	74726N107	3,117	97,410	SH		SOLE		97,410	0	0
Quaint Oak Bancorp	Common	74732T106	2,024	173,000	SH		SOLE		173,000	0	0
Regent Bancorp, Inc.	Common	75886V102	2,256	253,517	SH		SOLE		253,517	0	0
Republic First Bancorp, Inc.	Common	760416107	2,892	670,900	SH		SOLE		670,900	0	0
River City Bank	Common	76803X106	911	7,327	SH		SOLE		7,327	0	0
Riverview Bancorp, Inc.	Common	769397100	4,468	944,564	SH		SOLE		944,564	0	0
Royal Financial, Inc.	Common	78027P109	2,010	173,265	SH		SOLE		173,265	0	0
Salisbury Bancorp, Inc.	Common	795226109	781	26,216	SH		SOLE		26,216	0	0
Sandy Spring Bancorp Inc.	Common	800363103	32,742	1,126,693	SH		SOLE		1,126,693	0	0
Santa Cruz County Bank	Common	801827106	337	10,878	SH		SOLE		10,878	0	0
SBT Bancorp, Inc.	Common	78391C106	2,042	104,718	SH		SOLE		104,718	0	0
Seacoast Banking Corporation of Florida	Common	811707801	9,757	600,829	SH		SOLE		600,829	0	0
ServisFirst Bancshares, Inc.	Common	81768T108	6,006	121,600	SH		SOLE		121,600	0	0
Sevier County Bancshares, Inc.	Common	81817P206	1,650	110,000	SH		SOLE		110,000	0	0
Shore Bancshares, Inc.	Common	825107105	7,484	636,970	SH		SOLE		636,970	0	0
Sierra Bancorp	Common	82620P102	8,988	538,527	SH		SOLE		538,527	0	0
Silvercrest Asset Management Group Inc.	Common	828359109	9,269	757,259	SH		SOLE		757,259	0	0
SmartFinancial, Inc.	Common	83190L208	5,236	327,274	SH		SOLE		327,274	0	0
Solvay Bank Corporation	Common	83441Q105	446	13,608	SH		SOLE		13,608	0	0
Somerset Trust Holding Company	Common	835126103	764	18,644	SH		SOLE		18,644	0	0
SouthCrest Financial Group, Inc.	Common	84129X107	1,984	290,886	SH		SOLE		290,886	0	0
Southeastern Bank Financial Corporation	Common	841584105	13,919	289,988	SH		SOLE		289,988	0	0
Southern BancShares (N.C.), Inc.	Common	842243107	2,523	1,577	SH		SOLE		1,577	0	0
Southern First Bancshares, Inc.	Common	842873101	14,002	581,009	SH		SOLE		581,009	0	0
Southern Michigan Bancorp Inc.	Common	84336P103	1,395	52,630	SH		SOLE		52,630	0	0
Southern National Bancorp of Virginia,Inc.	Common	843395104	11,185	920,590	SH		SOLE		920,590	0	0
Southwest Bancorp, Inc.	Common	844767103	19,332	1,141,867	SH		SOLE		1,141,867	0	0
State Bank Corp.	Common	856121108	135	21,100	SH		SOLE		21,100	0	0
State Bank Financial Corporation	Common	856190103	35,593	1,749,045	SH		SOLE		1,749,045	0	0
Stifel Financial Corp.	Common	860630102	6,891	219,096	SH		SOLE		219,096	0	0
Stock Yards Bancorp, Inc.	Common	861025104	4,470	158,358	SH		SOLE		158,358	0	0
Stonegate Bank	Common	861811107	15,602	483,496	SH		SOLE		483,496	0	0
Suffolk Bancorp	Common	864739107	32,881	1,050,163	SH		SOLE		1,050,163	0	0
Summit State Bank	Common	866264203	1,246	90,755	SH		SOLE		90,755	0	0
Sun Bancorp, Inc.	Common	86663B102	504	24,380	SH		SOLE		24,380	0	0
Suncrest Bank	Common	86723G109	2,355	329,363	SH		SOLE		329,363	0	0
Sunshine Bancorp, Inc.	Common	86777J108	2,974	210,000	SH		SOLE		210,000	0	0
Surrey Bancorp	Common	86888W105	537	44,785	SH		SOLE		44,785	0	0
Sussex Bancorp	Common	869245100	4,792	358,688	SH		SOLE		358,688	0	0
Talmer Bancorp, Inc.	Common	87482X101	10,145	529,200	SH		SOLE		529,200	0	0
Texas Capital Bancshares, Inc.	Common	88224Q107	1,493	31,936	SH		SOLE		31,936	0	0
The First Bancorp, Inc.	Common	31866P102	2,042	94,800	SH		SOLE		94,800	0	0
Town and Country Financial Corporation	Common	892039108	860	63,728	SH		SOLE		63,728	0	0
TowneBank	Common	89214P109	217	10,000	SH		SOLE		10,000	0	0
Tri City Bankshares Corporation	Common	895364107	683	40,400	SH		SOLE		40,400	0	0
TriCo Bancshares	Common	896095106	1,908	69,118	SH		SOLE		69,118	0	0
TriState Capital Holdings, Inc.	Common	89678F100	28,146	2,049,946	SH		SOLE		2,049,946	0	0
Triumph Bancorp, Inc.	Common	89679E300	3,008	188,000	SH		SOLE		188,000	0	0
Two River Bancorp	Common	90207C105	1,172	107,922	SH		SOLE		107,922	0	0
Two Rivers Financial Group, Inc.	Common	90206L106	1,754	77,082	SH		SOLE		77,082	0	0
Union Bankshares Corporation	Common	90539J109	12,734	515,351	SH		SOLE		515,351	0	0
United Bankshares	Common	909907107	13,530	360,711	SH		SOLE		360,711	0	0
United Community Banks, Inc.	Common	90984P303	5,355	292,768	SH		SOLE		292,768	0	0
United Financial Bancorp, Inc.	Common	910304104	6,302	485,486	SH		SOLE		485,486	0	0
United Insurance Holdings Corp.	Common	910710102	3,167	193,369	SH		SOLE		193,369	0	0
Unity Bancorp, Inc.	Common	913290102	9,860	775,750	SH		SOLE		775,750	0	0
Univest Corporation of Pennsylvania	Common	915271100	4,486	213,403	SH		SOLE		213,403	0	0
Valley Commerce Bancorp	Common	919518100	3,800	235,303	SH		SOLE		235,303	0	0
Veritex Holdings, Inc.	Common	923451108	2,577	160,860	SH		SOLE		160,860	0	0
Village Bank and Trust Financial Corp.	Common	92705T200	655	29,133	SH		SOLE		29,133	0	0
Virginia National Bankshares Corp.	Common	928031103	5,126	209,209	SH		SOLE		209,209	0	0
W.T.B. Financial Corporation	Common	929334209	13,219	65,764	SH		SOLE		65,764	0	0
Washington Trust Bancorp, Inc.	Common	940610108	1,918	50,575	SH		SOLE		50,575	0	0
WashingtonFirst Bankshares, Inc.	Common	940730104	5,120	236,930	SH		SOLE		236,930	0	0
Waterstone Financial, Inc.	Common	94188P101	14,082	918,568	SH		SOLE		918,568	0	0
West Bancorporation, Inc.	Common	95123P106	4,342	233,578	SH		SOLE		233,578	0	0
West Suburban Bancorp, Inc.	Common	956152409	3,084	6,847	SH		SOLE		6,847	0	0
Westbury Bancorp, Inc.	Common	95727P106	7,558	387,580	SH		SOLE		387,580	0	0
Westfield Financial Inc.	Common	96008P104	3,777	490,493	SH		SOLE		490,493	0	0
Wintrust Financial Corporation	Common	97650W108	6,008	117,802	SH		SOLE		117,802	0	0
Xenith Bankshares, Inc.	Common	98410X105	5,413	680,926	SH		SOLE		680,926	0	0
Yadkin Financial Corporation	Common	984305102	6,012	239,624	SH		SOLE		239,624	0	0
York Traditions Bank	Common	987159100	459	38,237	SH		SOLE		38,237	0	0