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
Allegiance Bancshares, Inc.	Common	01748H107	16,563	445,253	SH		SOLE		445,253	0	0
Atlantic Capital Bancshares, Inc.	Common	048269203	10,737	566,622	SH		SOLE		566,622	0	0
Aspen Insurance Holdings Limited	Common	G05384105	6,195	119,012	SH		SOLE		119,012	0	0
AJS Bancorp, Inc.	Common	001503101	859	56,668	SH		SOLE		56,668	0	0
American Business Bank	Common	02475L105	10,008	248,642	SH		SOLE		248,642	0	0
AMB Financial Corp.	Common	001984103	1,538	93,750	SH		SOLE		93,750	0	0
American Homes 4 Rent	Common	02665T306	17,858	777,800	SH		SOLE		777,800	0	0
American River Bankshares	Common	029326105	5,939	400,719	SH		SOLE		400,719	0	0
Aquesta Financial Holdings, Inc.	Common	03842L109	1,929	210,856	SH		SOLE		210,856	0	0
American Riviera Bank	Common	02932A106	5,006	328,265	SH		SOLE		328,265	0	0
Auburn National Bancorporation, Inc.	Common	050473107	4,312	130,673	SH		SOLE		130,673	0	0
Avidbank Holdings, Inc.	Common	05368J103	6,058	317,179	SH		SOLE		317,179	0	0
Banc of California, Inc.	Common	05990K106	2,550	123,204	SH		SOLE		123,204	0	0
Baraboo Bancorporation, Inc.	Common	067021105	728	177,642	SH		SOLE		177,642	0	0
Bank of Southern California, N. A.	Common	065104101	3,920	320,000	SH		SOLE		320,000	0	0
BCB Bancorp, Inc.	Common	055298103	4,995	300,000	SH		SOLE		300,000	0	0
BayCom Corp.	Common	07272M107	6,834	416,716	SH		SOLE		416,716	0	0
Bridge Bancorp Inc.	Common	108035106	4,829	137,965	SH		SOLE		137,965	0	0
BankFinancial Corporation	Common	06643P104	6,306	434,271	SH		SOLE		434,271	0	0
Bank First National Corporation	Common	06211J100	6,631	187,844	SH		SOLE		187,844	0	0
Bar Harbor Bankshares	Common	066849100	3,077	93,021	SH		SOLE		93,021	0	0
Blackhawk Bancorp, Inc.	Common	09237E204	3,977	164,336	SH		SOLE		164,336	0	0
Oak Ridge Financial Services, Inc.	Common	671768109	2,575	198,102	SH		SOLE		198,102	0	0
BSB Bancorp, Inc.	Common	05573H108	23,020	814,883	SH		SOLE		814,883	0	0
Bank of Marin Bancorp	Common	063425102	8,550	132,870	SH		SOLE		132,870	0	0
Bryn Mawr Bank Corporation	Common	117665109	7,069	178,971	SH		SOLE		178,971	0	0
BNC Bancorp	Common	05566T101	1,434	40,907	SH		SOLE		40,907	0	0
Bank of Napa, N.A.	Common	063770101	1,443	114,069	SH		SOLE		114,069	0	0
Bank of Commerce Holdings	Common	06424J103	9,815	917,326	SH		SOLE		917,326	0	0
Bank of the James Financial Group, Inc.	Common	470299108	3,967	271,172	SH		SOLE		271,172	0	0
Boston Private Financial Holdings, Inc.	Common	101119105	28,785	1,755,163	SH		SOLE		1,755,163	0	0
Bank of Santa Clarita	Common	06424K100	2,116	159,930	SH		SOLE		159,930	0	0
Sierra Bancorp	Common	82620P102	12,297	448,312	SH		SOLE		448,312	0	0
First Busey Corporation	Common	319383204	5,364	182,457	SH		SOLE		182,457	0	0
Bankwell Financial Group, Inc.	Common	06654A103	12,968	377,094	SH		SOLE		377,094	0	0
California Bank of Commerce	Common	13005C101	6,331	325,501	SH		SOLE		325,501	0	0
Carter Bank & Trust	Common	146102108	4,218	249,558	SH		SOLE		249,558	0	0
Carolina Financial Corporation	Common	143873107	8,250	275,000	SH		SOLE		275,000	0	0
Carolina Trust BancShares, Inc.	Common	14422P105	2,969	373,964	SH		SOLE		373,964	0	0
Cambridge Bancorp	Common	132152109	18,040	277,544	SH		SOLE		277,544	0	0
Coastal Banking Co., Inc.	Common	19041N100	2,036	118,365	SH		SOLE		118,365	0	0
Capital Bank Financial Corp.	Common	139794101	27,087	624,132	SH		SOLE		624,132	0	0
CB Financial Services, Inc.	Common	12479G101	1,030	36,401	SH		SOLE		36,401	0	0
Consumers Bancorp, Inc.	Common	210509105	2,462	136,792	SH		SOLE		136,792	0	0
Commencement Bank	Common	20051L109	1,077	89,000	SH		SOLE		89,000	0	0
CNB Financial Corporation	Common	126128107	13,046	546,087	SH		SOLE		546,087	0	0
Centerpointe Community Bank	Common	15200G100	997	81,700	SH		SOLE		81,700	0	0
Centrue Financial Corporation	Common	15643B205	6,265	240,227	SH		SOLE		240,227	0	0
Cornerstone Financial	Common	21925G102	72	93,071	SH		SOLE		93,071	0	0
Cardinal Financial Corporation	Common	14149F109	5,008	167,278	SH		SOLE		167,278	0	0
Communities First Financial Corporation	Common	20344D104	3,088	224,567	SH		SOLE		224,567	0	0
Chemical Financial Corp.	Common	163731102	9,209	180,046	SH		SOLE		180,046	0	0
Charter Financial Corporation	Common	16122W108	8,334	423,695	SH		SOLE		423,695	0	0
Carolina Bank Holdings, Inc.	Common	143785103	3,234	110,400	SH		SOLE		110,400	0	0
Century Bancorp, Inc.	Common	156432106	4,677	76,904	SH		SOLE		76,904	0	0
ConnectOne Bancorp, Inc.	Common	20786W107	17,803	734,153	SH		SOLE		734,153	0	0
CoBiz Financial Inc.	Common	190897108	29,614	1,762,723	SH		SOLE		1,762,723	0	0
Clifton Bancorp Inc.	Common	186873105	1,349	83,332	SH		SOLE		83,332	0	0
CenterState Banks, Inc.	Common	15201P109	40,739	1,572,929	SH		SOLE		1,572,929	0	0
Cashmere Valley Bank	Common	14756K102	4,740	95,258	SH		SOLE		95,258	0	0
CapStar Financial Holdings, Inc.	Common	14070T102	5,912	310,000	SH		SOLE		310,000	0	0
Commerce Union Bancshares, Inc.	Common	200828101	2,654	122,020	SH		SOLE		122,020	0	0
CU Bancorp	Common	126534106	45,774	1,154,453	SH		SOLE		1,154,453	0	0
CVB Financial Corp.	Common	126600105	1,811	81,975	SH		SOLE		81,975	0	0
Central Valley Community Bancorp	Common	155685100	18,623	908,424	SH		SOLE		908,424	0	0
Codorus Valley Bancorp, Inc.	Common	192025104	19,651	758,429	SH		SOLE		758,429	0	0
CommerceWest Bank	Common	20084T103	4,856	262,472	SH		SOLE		262,472	0	0
Century Financial Corporation	Common	15652L102	2,385	125,515	SH		SOLE		125,515	0	0
Community Bank	Common	203507108	1,834	11,050	SH		SOLE		11,050	0	0
Community Bank of Santa Maria	Common	203598107	1,721	173,824	SH		SOLE		173,824	0	0
Citizens Bancorp	Common	172950107	1,683	115,282	SH		SOLE		115,282	0	0
Citizens Financial Services	Common	174615104	2,933	55,573	SH		SOLE		55,573	0	0
DCB Financial Corp	Common	233075100	4,354	241,367	SH		SOLE		241,367	0	0
Diamond Hill Investment Group, Inc.	Common	25264R207	1,022	5,255	SH		SOLE		5,255	0	0
Delmarva Bancshares, Inc.	Common	247100100	959	173,459	SH		SOLE		173,459	0	0
DNB Financial Corporation	Common	233237106	7,415	218,088	SH		SOLE		218,088	0	0
Enterprise Bancorp, Inc.	Common	293668109	10,711	308,137	SH		SOLE		308,137	0	0
Enterprise Financial Services Corp	Common	293712105	61,430	1,448,828	SH		SOLE		1,448,828	0	0
Eagle Financial Services Inc.	Common	26951R104	2,644	93,084	SH		SOLE		93,084	0	0
Eagle Bancorp, Inc.	Common	268948106	15,492	259,490	SH		SOLE		259,490	0	0
Emclaire Financial Corp.	Common	290828102	3,428	117,207	SH		SOLE		117,207	0	0
Empire Bancorp Inc.	Common	291617108	318	26,406	SH		SOLE		26,406	0	0
Embassy Bancorp, Inc.	Common	290791102	1,611	115,052	SH		SOLE		115,052	0	0
Equity Bancshares, Inc.	Common	29460X109	14,867	467,943	SH		SOLE		467,943	0	0
ESSA Bancorp, Inc.	Common	29667D104	2,015	138,218	SH		SOLE		138,218	0	0
Community Bankers Trust Corporation	Common	203612106	10,654	1,331,705	SH		SOLE		1,331,705	0	0
Eastern Virginia Bankshares, Inc.	Common	277196101	8,335	795,351	SH		SOLE		795,351	0	0
Flagstar Bancorp, Inc.	Common	337930705	3,916	138,900	SH		SOLE		138,900	0	0
First Business Financial Services	Common	319390100	19,819	763,428	SH		SOLE		763,428	0	0
FB Financial Corp.	Common	30257X104	6,820	192,868	SH		SOLE		192,868	0	0
First Bancshares, Inc.	Common	318916103	20,202	708,843	SH		SOLE		708,843	0	0
First Bancorp	Common	318910106	14,650	500,164	SH		SOLE		500,164	0	0
Fauquier Bancshares, Inc.	Common	312059108	3,203	176,476	SH		SOLE		176,476	0	0
FCB Financial Holdings, Inc.	Common	30255G103	6,782	136,871	SH		SOLE		136,871	0	0
First Choice Bank	Common	319461109	10,980	538,254	SH		SOLE		538,254	0	0
First Community Corporation	Common	319835104	7,223	328,319	SH		SOLE		328,319	0	0
1st Constitution Bancorp	Common	31986N102	11,565	626,844	SH		SOLE		626,844	0	0
First Community Financial Partners, Inc.	Common	31985Q106	6,347	497,801	SH		SOLE		497,801	0	0
First Colebrook Bancorp, Inc.	Common	31971A107	1,775	81,627	SH		SOLE		81,627	0	0
1st Colonial Bancorp	Common	319716106	2,714	246,695	SH		SOLE		246,695	0	0
First Defiance Financial Corp.	Common	32006W106	4,250	85,850	SH		SOLE		85,850	0	0
Fentura Financial, Inc.	Common	314645102	6,184	343,590	SH		SOLE		343,590	0	0
FirstAtlantic Financial Holdings, Inc.	Common	337651103	1,781	140,788	SH		SOLE		140,788	0	0
First Foundation Inc.	Common	32026V104	11,995	773,398	SH		SOLE		773,398	0	0
First Guaranty Bancshares, Inc.	Common	32043P106	2,238	92,477	SH		SOLE		92,477	0	0
Foresight Financial Group, Inc.	Common	345526107	7,489	238,878	SH		SOLE		238,878	0	0
First Security, Inc.	Common	336327101	4,215	162,125	SH		SOLE		162,125	0	0
First BancTrust Corporation	Common	31868G100	3,693	164,135	SH		SOLE		164,135	0	0
1st Capital Bank	Common	31944C107	4,203	319,598	SH		SOLE		319,598	0	0
Financial Institutions, Inc.	Common	317585404	2,908	88,261	SH		SOLE		88,261	0	0
First of Long Island Corp.	Common	320734106	10,899	402,915	SH		SOLE		402,915	0	0
First Midwest Bancorp, Inc.	Common	320867104	37,806	1,596,540	SH		SOLE		1,596,540	0	0
First Menasha Bancshares, Inc.	Common	320999675	4,774	33,503	SH		SOLE		33,503	0	0
Farmers National Banc Corp.	Common	309627107	4,855	338,334	SH		SOLE		338,334	0	0
F.N.B. Corporation	Common	302520101	2,214	148,867	SH		SOLE		148,867	0	0
First NBC Bank	Common	32115D106	3,194	798,583	SH		SOLE		798,583	0	0
FNB Bancorp	Common	302515101	9,904	270,967	SH		SOLE		270,967	0	0
Federated National Holding Company	Common	31422T101	2,405	138,000	SH		SOLE		138,000	0	0
First Northern Community Bancorp	Common	335925103	5,527	476,505	SH		SOLE		476,505	0	0
First Bank	Common	31931U102	10,393	869,734	SH		SOLE		869,734	0	0
Republic First Bancorp, Inc.	Common	760416107	21,082	2,540,059	SH		SOLE		2,540,059	0	0
First Merchants Corp.	Common	320817109	20,412	519,127	SH		SOLE		519,127	0	0
Franklin Financial Network, Inc.	Common	35352P104	6,026	155,500	SH		SOLE		155,500	0	0
First Virginia Community Bank	Common	36120Q101	7,003	372,500	SH		SOLE		372,500	0	0
First National Corporation	Common	32106V107	3,286	237,418	SH		SOLE		237,418	0	0
Guaranty Bancorp	Common	40075T607	4,427	181,802	SH		SOLE		181,802	0	0
Glen Burnie Bancorp	Common	377407101	585	48,949	SH		SOLE		48,949	0	0
Green Bancorp, Inc.	Common	39260X100	8,331	468,011	SH		SOLE		468,011	0	0
GrandSouth Bancorporation	Common	386627301	1,813	125,000	SH		SOLE		125,000	0	0
Howard Bancorp, Inc.	Common	442496105	2,547	136,187	SH		SOLE		136,187	0	0
Horizon Bancorp	Common	440407104	8,765	334,284	SH		SOLE		334,284	0	0
HCSB Financial Corporation	Common	40413R107	2,224	22,238,470	SH		SOLE		22,238,470	0	0
Home Federal Bancorp, Inc. of Louisiana	Common	43708L108	2,790	96,556	SH		SOLE		96,556	0	0
Heritage Financial Corporation	Common	42722X106	25,442	1,027,975	SH		SOLE		1,027,975	0	0
Hingham Institution for Savings	Common	433323102	5,918	33,463	SH		SOLE		33,463	0	0
HomeTown Bankshares Corporation	Common	43787N108	1,822	187,842	SH		SOLE		187,842	0	0
Heritage Commerce Corp	Common	426927109	19,792	1,403,708	SH		SOLE		1,403,708	0	0
Hilltop Holdings Inc.	Common	432748101	6,250	227,532	SH		SOLE		227,532	0	0
Independent Alliance Banks, Inc.	Common	45380E104	5,978	93,786	SH		SOLE		93,786	0	0
Iberiabank Corp	Common	450828108	16,337	206,534	SH		SOLE		206,534	0	0
Independent Bank Group, Inc	Common	45384B106	2,476	38,500	SH		SOLE		38,500	0	0
County Bancorp, Inc.	Common	221907108	6,432	221,335	SH		SOLE		221,335	0	0
First Internet Bancorp	Common	320557101	1,534	52,000	SH		SOLE		52,000	0	0
IF Bancorp, Inc.	Common	44951J105	1,673	84,072	SH		SOLE		84,072	0	0
Investar Holding Corporation	Common	46134L105	11,417	521,313	SH		SOLE		521,313	0	0
John Marshall Bank	Common	47805L101	5,394	248,000	SH		SOLE		248,000	0	0
Kingstone Companies, Inc.	Common	496719105	3,836	240,500	SH		SOLE		240,500	0	0
Kentucky Bancshares, Inc.	Common	491203105	2,502	67,560	SH		SOLE		67,560	0	0
Lakeland Bancorp, Inc.	Common	511637100	33,017	1,684,554	SH		SOLE		1,684,554	0	0
Ledyard Financial Group, Inc.	Common	523338101	3,089	52,364	SH		SOLE		52,364	0	0
Lighthouse Bank	Common	53223T106	1,320	74,595	SH		SOLE		74,595	0	0
Fidelity Southern Corporation	Common	316394105	35,170	1,571,486	SH		SOLE		1,571,486	0	0
Lake Shore Bancorp	Common	510700107	3,426	219,879	SH		SOLE		219,879	0	0
LegacyTexas Financial Group, Inc.	Common	52471Y106	8,541	214,072	SH		SOLE		214,072	0	0
Middlefield Banc Corp.	Common	596304204	1,862	41,241	SH		SOLE		41,241	0	0
MB Financial, Inc.	Common	55264U108	25,179	588,021	SH		SOLE		588,021	0	0
Middleburg Financial Corporation	Common	596094102	1,225	30,600	SH		SOLE		30,600	0	0
MBT Financial Corp.	Common	578877102	9,128	804,233	SH		SOLE		804,233	0	0
Merchants Bancshares, Inc.	Common	588448100	400	8,212	SH		SOLE		8,212	0	0
Mercantile Bank Corporation	Common	587376104	50,154	1,457,974	SH		SOLE		1,457,974	0	0
Macatawa Bank Corporation	Common	554225102	7,788	788,293	SH		SOLE		788,293	0	0
Merchants Financial Group, Inc.	Common	588538108	4,857	81,630	SH		SOLE		81,630	0	0
Mackinac Financial Corporation	Common	554571109	3,105	226,307	SH		SOLE		226,307	0	0
Malvern Bancorp, Inc.	Common	561409103	11,878	563,994	SH		SOLE		563,994	0	0
Manning & Napier, Inc.	Common	56382Q102	1,588	278,603	SH		SOLE		278,603	0	0
MainStreet Bancshares, Inc.	Common	56064Y100	6,185	373,726	SH		SOLE		373,726	0	0
MainSource Financial Group, Inc.	Common	56062Y102	8,185	248,564	SH		SOLE		248,564	0	0
Midsouth Bancorp, Inc.	Common	598039105	3,790	247,693	SH		SOLE		247,693	0	0
MVB Financial Corp.	Common	553810102	6,098	478,261	SH		SOLE		478,261	0	0
Mission Valley Bancorp	Common	60520E104	2,281	218,908	SH		SOLE		218,908	0	0
Northwest Bancorporation, Inc.	Common	667337109	7,006	598,281	SH		SOLE		598,281	0	0
National Bank Holdings Corporation	Common	633707104	26,540	816,620	SH		SOLE		816,620	0	0
Nicolet Bankshares, Inc.	Common	65406E102	12,475	263,511	SH		SOLE		263,511	0	0
National Commerce Corporation	Common	63546L102	10,261	280,351	SH		SOLE		280,351	0	0
Northeast Community Bancorp, Inc.	Common	664112109	3,924	475,600	SH		SOLE		475,600	0	0
National General Holdings Corporation	Common	636220303	2,851	120,000	SH		SOLE		120,000	0	0
North Dallas Bank & Trust Co.	Common	659012108	3,617	50,626	SH		SOLE		50,626	0	0
NorthWest Indiana Bancorp	Common	667516108	6,776	173,868	SH		SOLE		173,868	0	0
Northway Financial, Inc.	Common	667270201	4,881	178,128	SH		SOLE		178,128	0	0
Orange County Bancorp	Common	68417L107	6,457	135,928	SH		SOLE		135,928	0	0
Southwest Bancorp, Inc.	Common	844767103	24,639	942,232	SH		SOLE		942,232	0	0
Old Line Bancshares, Inc.	Common	67984M100	14,080	494,377	SH		SOLE		494,377	0	0
Old Second Bancorp, Inc.	Common	680277100	29,038	2,581,182	SH		SOLE		2,581,182	0	0
Oak Valley Bancorp	Common	671807105	6,303	477,489	SH		SOLE		477,489	0	0
Private Bancorp of America, Inc.	Common	74274F100	6,374	280,041	SH		SOLE		280,041	0	0
PB Bancorp, Inc.	Common	70454T100	1,533	150,301	SH		SOLE		150,301	0	0
People's Bank of Commerce	Common	710311101	2,196	186,887	SH		SOLE		186,887	0	0
People's United Financial	Common	712704105	8,189	449,954	SH		SOLE		449,954	0	0
Paragon Commercial Corporation	Common	69911U403	20,378	380,977	SH		SOLE		380,977	0	0
Pinnacle Bank	Common	72346K107	2,047	235,317	SH		SOLE		235,317	0	0
Pacific Commerce Bancorp	Common	69413A103	645	80,150	SH		SOLE		80,150	0	0
Pacific Continental Corporation	Common	69412V108	20,566	839,413	SH		SOLE		839,413	0	0
Presidio Bank	Common	74101A100	2,519	143,544	SH		SOLE		143,544	0	0
Peoples Bancorp Inc.	Common	709789101	17,314	546,882	SH		SOLE		546,882	0	0
Professional Holding Corp.	Common	743139107	1,215	90,000	SH		SOLE		90,000	0	0
Pacific Financial Corporation	Common	694275108	3,828	411,648	SH		SOLE		411,648	0	0
Peapack-Gladstone Financial Corporation	Common	704699107	43,991	1,486,687	SH		SOLE		1,486,687	0	0
Paragon Financial Solutions, Inc.	Common	69912S100	3,396	399,532	SH		SOLE		399,532	0	0
Parke Bancorp, Inc.	Common	700885106	724	33,910	SH		SOLE		33,910	0	0
Pacific Premier Bancorp, Inc.	Common	69478X105	17,073	442,885	SH		SOLE		442,885	0	0
Pinnacle Bankshares Corporation	Common	72345E102	3,209	112,580	SH		SOLE		112,580	0	0
Premier Commercial Bancorp	Common	74048M100	3,321	349,622	SH		SOLE		349,622	0	0
PSB Holdings, Inc.	Common	69360N108	4,356	70,263	SH		SOLE		70,263	0	0
Park Sterling Corp.	Common	70086Y105	40,007	3,249,994	SH		SOLE		3,249,994	0	0
Puget Sound Bank	Common	74532B107	3,524	148,358	SH		SOLE		148,358	0	0
QCR Holdings, Inc.	Common	74727A104	22,239	525,128	SH		SOLE		525,128	0	0
QNB Corp.	Common	74726N107	7,205	188,847	SH		SOLE		188,847	0	0
Quaint Oak Bancorp	Common	74732T106	2,216	173,000	SH		SOLE		173,000	0	0
River City Bank	Common	76803X106	1,213	7,827	SH		SOLE		7,827	0	0
Riverview Bancorp, Inc.	Common	769397100	3,694	516,574	SH		SOLE		516,574	0	0
Salisbury Bancorp, Inc.	Common	795226109	1,016	26,216	SH		SOLE		26,216	0	0
Silvercrest Asset Management Group Inc.	Common	828359109	10,072	757,259	SH		SOLE		757,259	0	0
Sandy Spring Bancorp Inc.	Common	800363103	43,460	1,060,270	SH		SOLE		1,060,270	0	0
State Bank Corp.	Common	856121108	270	34,400	SH		SOLE		34,400	0	0
Sussex Bancorp	Common	869245100	6,381	260,447	SH		SOLE		260,447	0	0
Seacoast Banking Corporation of Florida	Common	811707801	21,106	880,169	SH		SOLE		880,169	0	0
Sunshine Bancorp, Inc.	Common	86777J108	4,565	218,000	SH		SOLE		218,000	0	0
Suncrest Bank	Common	86723G109	3,425	342,503	SH		SOLE		342,503	0	0
Southern BancShares (N.C.), Inc.	Common	842243107	4,304	2,152	SH		SOLE		2,152	0	0
SBT Bancorp, Inc.	Common	78391C106	2,628	104,718	SH		SOLE		104,718	0	0
SouthCrest Financial Group, Inc.	Common	84129X107	2,774	336,236	SH		SOLE		336,236	0	0
Santa Cruz County Bank	Common	801827106	435	10,878	SH		SOLE		10,878	0	0
Stifel Financial Corp.	Common	860630102	10,996	219,096	SH		SOLE		219,096	0	0
ServisFirst Bancshares, Inc.	Common	81768T108	6,945	190,900	SH		SOLE		190,900	0	0
Southern First Bancshares, Inc.	Common	842873101	17,877	547,521	SH		SOLE		547,521	0	0
Stonegate Bank	Common	861811107	19,712	418,604	SH		SOLE		418,604	0	0
Shore Bancshares, Inc.	Common	825107105	12,005	718,456	SH		SOLE		718,456	0	0
SmartFinancial, Inc.	Common	83190L208	8,382	398,367	SH		SOLE		398,367	0	0
Solvay Bank Corporation	Common	83441Q105	675	16,899	SH		SOLE		16,899	0	0
Southern Michigan Bancorp Inc.	Common	84336P103	2,326	69,430	SH		SOLE		69,430	0	0
Somerset Trust Holding Company	Common	835126103	1,557	33,624	SH		SOLE		33,624	0	0
Southern National Bancorp of Virginia,Inc.	Common	843395104	16,328	964,417	SH		SOLE		964,417	0	0
Surrey Bancorp	Common	86888W105	834	69,785	SH		SOLE		69,785	0	0
South State Corporation	Common	840441109	6,357	71,152	SH		SOLE		71,152	0	0
Summit State Bank	Common	866264203	1,585	121,443	SH		SOLE		121,443	0	0
State Bank Financial Corporation	Common	856190103	51,683	1,978,680	SH		SOLE		1,978,680	0	0
Standard AVB Financial Corp.	Common	85303B100	1,804	68,065	SH		SOLE		68,065	0	0
Sevier County Bancshares, Inc.	Common	81817P206	1,172	110,000	SH		SOLE		110,000	0	0
Triumph Bancorp, Inc.	Common	89679E300	5,245	203,300	SH		SOLE		203,300	0	0
Texas Capital Bancshares, Inc.	Common	88224Q107	2,665	31,936	SH		SOLE		31,936	0	0
TriCo Bancshares	Common	896095106	2,118	59,618	SH		SOLE		59,618	0	0
Community Financial Corporation	Common	20368X101	9,401	261,132	SH		SOLE		261,132	0	0
Two River Bancorp	Common	90207C105	3,949	223,495	SH		SOLE		223,495	0	0
Tri City Bankshares Corporation	Common	895364107	4,603	241,618	SH		SOLE		241,618	0	0
Two Rivers Financial Group, Inc.	Common	90206L106	2,061	89,608	SH		SOLE		89,608	0	0
TriState Capital Holdings, Inc.	Common	89678F100	46,983	2,012,110	SH		SOLE		2,012,110	0	0
Town and Country Financial Corporation	Common	892039108	904	45,313	SH		SOLE		45,313	0	0
United Financial Bancorp, Inc.	Common	910304104	8,258	485,486	SH		SOLE		485,486	0	0
Union Bankshares Corporation	Common	90539J109	17,954	510,351	SH		SOLE		510,351	0	0
United Community Banks, Inc.	Common	90984P303	8,107	292,768	SH		SOLE		292,768	0	0
United Insurance Holdings Corp.	Common	910710102	4,170	261,459	SH		SOLE		261,459	0	0
Unity Bancorp, Inc.	Common	913290102	16,369	965,749	SH		SOLE		965,749	0	0
Univest Corporation of Pennsylvania	Common	915271100	6,979	269,452	SH		SOLE		269,452	0	0
Virginia National Bankshares Corp.	Common	928031103	6,642	209,209	SH		SOLE		209,209	0	0
Village Bank and Trust Financial Corp.	Common	92705T200	795	29,133	SH		SOLE		29,133	0	0
Veritex Holdings, Inc.	Common	923451108	13,791	490,442	SH		SOLE		490,442	0	0
Washington Trust Bancorp, Inc.	Common	940610108	2,493	50,575	SH		SOLE		50,575	0	0
Westbury Bancorp, Inc.	Common	95727P106	8,069	387,580	SH		SOLE		387,580	0	0
WashingtonFirst Bankshares, Inc.	Common	940730104	6,574	234,794	SH		SOLE		234,794	0	0
West Suburban Bancorp, Inc.	Common	956152409	3,911	7,028	SH		SOLE		7,028	0	0
Waterstone Financial, Inc.	Common	94188P101	17,224	943,769	SH		SOLE		943,769	0	0
West Bancorporation, Inc.	Common	95123P106	5,361	233,578	SH		SOLE		233,578	0	0
W.T.B. Financial Corporation	Common	929334209	17,574	63,904	SH		SOLE		63,904	0	0
Wintrust Financial Corporation	Common	97650W108	7,451	107,802	SH		SOLE		107,802	0	0
Xenith Bankshares, Inc.	Common	984102202	7,728	304,606	SH		SOLE		304,606	0	0
York Traditions Bank	Common	987159100	2,061	126,465	SH		SOLE		126,465	0	0