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	17,277	469,485	SH		SOLE		469,485	0	0
Atlantic Capital Bancshares, Inc.	Common	048269203	7,270	400,555	SH		SOLE		400,555	0	0
Aspen Insurance Holdings Limited	Common	G05384105	4,808	119,012	SH		SOLE		119,012	0	0
AJS Bancorp, Inc.	Common	001503101	791	56,668	SH		SOLE		56,668	0	0
American Business Bank	Common	02475L105	10,200	267,008	SH		SOLE		267,008	0	0
AMB Financial Corp.	Common	001984103	1,688	93,750	SH		SOLE		93,750	0	0
American River Bankshares	Common	029326105	5,431	392,419	SH		SOLE		392,419	0	0
Access National Corporation	Common	004337101	1,168	40,740	SH		SOLE		40,740	0	0
Aquesta Financial Holdings, Inc.	Common	03842L109	2,063	202,856	SH		SOLE		202,856	0	0
American Riviera Bank	Common	02932A106	5,555	329,665	SH		SOLE		329,665	0	0
Auburn National Bancorporation, Inc.	Common	050473107	3,754	107,253	SH		SOLE		107,253	0	0
Avidbank Holdings, Inc.	Common	05368J103	8,498	427,043	SH		SOLE		427,043	0	0
Banc of California, Inc.	Common	05990K106	10,745	517,828	SH		SOLE		517,828	0	0
Baraboo Bancorporation, Inc.	Common	067021105	746	177,642	SH		SOLE		177,642	0	0
Bank of Southern California, N. A.	Common	065104101	4,160	320,000	SH		SOLE		320,000	0	0
BCB Bancorp, Inc.	Common	055298103	6,557	470,000	SH		SOLE		470,000	0	0
BayCom Corp.	Common	07272M107	3,675	204,172	SH		SOLE		204,172	0	0
Bridge Bancorp Inc.	Common	108035106	4,684	137,965	SH		SOLE		137,965	0	0
BankFinancial Corporation	Common	06643P104	7,333	461,487	SH		SOLE		461,487	0	0
Bank First National Corporation	Common	06211J100	7,240	188,844	SH		SOLE		188,844	0	0
Bank of Fincastle	Common	062113105	1,022	486,486	SH		SOLE		486,486	0	0
Bar Harbor Bankshares	Common	066849100	3,910	124,676	SH		SOLE		124,676	0	0
Oak Ridge Financial Services, Inc.	Common	671768109	2,741	199,352	SH		SOLE		199,352	0	0
BSB Bancorp, Inc.	Common	05573H108	28,047	936,460	SH		SOLE		936,460	0	0
Bank of Marin Bancorp	Common	063425102	10,095	147,365	SH		SOLE		147,365	0	0
Bryn Mawr Bank Corporation	Common	117665109	7,839	178,971	SH		SOLE		178,971	0	0
Bank of Napa, N.A.	Common	063770101	2,406	117,069	SH		SOLE		117,069	0	0
Bank of Commerce Holdings	Common	06424J103	12,274	1,067,326	SH		SOLE		1,067,326	0	0
Bank of the James Financial Group, Inc.	Common	470299108	3,859	266,172	SH		SOLE		266,172	0	0
Boston Private Financial Holdings, Inc.	Common	101119105	28,800	1,740,163	SH		SOLE		1,740,163	0	0
Bank of Princeton	Common	064520109	6,398	200,000	SH		SOLE		200,000	0	0
Brookline-MA	Common	11373M107	5,038	325,000	SH		SOLE		325,000	0	0
Bank of Santa Clarita	Common	06424K100	2,759	159,930	SH		SOLE		159,930	0	0
Sierra Bancorp	Common	82620P102	12,090	445,312	SH		SOLE		445,312	0	0
First Busey Corporation	Common	319383204	5,738	182,983	SH		SOLE		182,983	0	0
Bankwell Financial Group, Inc.	Common	06654A103	20,259	548,432	SH		SOLE		548,432	0	0
Byline Bancorp, Inc.	Common	124411109	9,142	430,000	SH		SOLE		430,000	0	0
Carolina Alliance Bank	Common	126742105	538	44,369	SH		SOLE		44,369	0	0
California BanCorp	Common	13005U101	6,416	345,900	SH		SOLE		345,900	0	0
Carter Bank & Trust	Common	146102108	3,317	194,558	SH		SOLE		194,558	0	0
Carolina Financial Corporation	Common	143873107	9,532	265,661	SH		SOLE		265,661	0	0
Carolina Trust BancShares, Inc.	Common	14422P105	3,212	392,616	SH		SOLE		392,616	0	0
Cambridge Bancorp	Common	132152109	16,429	235,544	SH		SOLE		235,544	0	0
Coastal Banking Co., Inc.	Common	19041N100	2,529	133,085	SH		SOLE		133,085	0	0
CB Financial Services, Inc.	Common	12479G101	1,759	60,536	SH		SOLE		60,536	0	0
Consumers Bancorp, Inc.	Common	210509105	2,873	136,792	SH		SOLE		136,792	0	0
CBT Financial Corporation	Common	12495U100	2,460	69,000	SH		SOLE		69,000	0	0
Commencement Bank	Common	20051L109	3,607	244,560	SH		SOLE		244,560	0	0
Chino Commercial Bancorp	Common	16957L102	1,063	67,485	SH		SOLE		67,485	0	0
Coastal Carolina Bancshares, Inc.	Common	190435107	2,622	262,238	SH		SOLE		262,238	0	0
CNB Financial Corporation	Common	126128107	14,373	526,087	SH		SOLE		526,087	0	0
Community 1st Bancorp	Common	20369D104	2,380	301,270	SH		SOLE		301,270	0	0
Communities First Financial Corporation	Common	20344D104	3,568	202,745	SH		SOLE		202,745	0	0
Charter Financial Corporation	Common	16122W108	8,041	433,957	SH		SOLE		433,957	0	0
Community Bank of Bergen County, NJ	Common	203489109	4,284	189,967	SH		SOLE		189,967	0	0
Century Bancorp, Inc.	Common	156432106	6,160	76,904	SH		SOLE		76,904	0	0
ConnectOne Bancorp, Inc.	Common	20786W107	17,937	729,153	SH		SOLE		729,153	0	0
CoBiz Financial Inc.	Common	190897108	28,314	1,441,653	SH		SOLE		1,441,653	0	0
CenterState Bank Corporation	Common	15201P109	35,653	1,330,329	SH		SOLE		1,330,329	0	0
Cashmere Valley Bank	Common	14756K102	5,191	92,043	SH		SOLE		92,043	0	0
CapStar Financial Holdings, Inc.	Common	14070T102	6,939	354,400	SH		SOLE		354,400	0	0
Commerce Union Bancshares, Inc.	Common	200828101	7,928	342,020	SH		SOLE		342,020	0	0
CU Bancorp	Common	126534106	15,075	388,830	SH		SOLE		388,830	0	0
Central Valley Community Bancorp	Common	155685100	19,520	875,327	SH		SOLE		875,327	0	0
Codorus Valley Bancorp, Inc.	Common	192025104	23,322	759,429	SH		SOLE		759,429	0	0
CommerceWest Bank	Common	20084T103	3,385	152,472	SH		SOLE		152,472	0	0
Century Financial Corporation	Common	15652L102	2,673	133,646	SH		SOLE		133,646	0	0
Community Bank	Common	203507108	1,856	11,050	SH		SOLE		11,050	0	0
Community Bancorp of Santa Maria	Common	20344R103	2,060	173,824	SH		SOLE		173,824	0	0
Citizens Bancorp	Common	172950107	1,961	130,712	SH		SOLE		130,712	0	0
Citizens Financial Services	Common	174615104	3,326	58,350	SH		SOLE		58,350	0	0
Dime Community Bancshares, Inc.	Common	253922108	4,597	213,800	SH		SOLE		213,800	0	0
Diamond Hill Investment Group, Inc.	Common	25264R207	691	3,255	SH		SOLE		3,255	0	0
DNB Financial Corporation	Common	233237106	8,651	245,767	SH		SOLE		245,767	0	0
Enterprise Bancorp, Inc.	Common	293668109	11,188	308,137	SH		SOLE		308,137	0	0
Enterprise Financial Services Corp	Common	293712105	46,787	1,104,767	SH		SOLE		1,104,767	0	0
Eagle Financial Services Inc.	Common	26951R104	2,635	90,084	SH		SOLE		90,084	0	0
Eagle Bancorp, Inc.	Common	268948106	16,393	244,490	SH		SOLE		244,490	0	0
Emclaire Financial Corp.	Common	290828102	3,358	117,207	SH		SOLE		117,207	0	0
Empire Bancorp Inc.	Common	291617108	671	45,188	SH		SOLE		45,188	0	0
Embassy Bancorp, Inc.	Common	290791102	2,976	198,637	SH		SOLE		198,637	0	0
Equity Bancshares, Inc.	Common	29460X109	16,649	467,943	SH		SOLE		467,943	0	0
Esquire Bank, National Association	Common	29667J101	805	50,000	SH		SOLE		50,000	0	0
ESSA Bancorp, Inc.	Common	29667D104	2,170	138,218	SH		SOLE		138,218	0	0
Community Bankers Trust Corporation	Common	203612106	10,669	1,159,642	SH		SOLE		1,159,642	0	0
Flagstar Bancorp, Inc.	Common	337930705	9,530	268,600	SH		SOLE		268,600	0	0
First Business Financial Services	Common	319390100	17,886	786,198	SH		SOLE		786,198	0	0
FB Financial Corp.	Common	30257X104	7,539	199,868	SH		SOLE		199,868	0	0
First Bancshares, Inc.	Common	318916103	20,769	688,843	SH		SOLE		688,843	0	0
First Bancorp	Common	318910106	17,602	511,550	SH		SOLE		511,550	0	0
Fauquier Bancshares, Inc.	Common	312059108	3,477	175,176	SH		SOLE		175,176	0	0
FCB Financial Holdings, Inc.	Common	30255G103	9,219	190,871	SH		SOLE		190,871	0	0
First Choice Bank	Common	319461109	15,659	652,454	SH		SOLE		652,454	0	0
First Community Corporation	Common	319835104	6,510	318,319	SH		SOLE		318,319	0	0
1st Constitution Bancorp	Common	31986N102	12,257	675,318	SH		SOLE		675,318	0	0
First Citrus Bancorporation, Inc.	Common	31959T102	431	22,567	SH		SOLE		22,567	0	0
First Colebrook Bancorp, Inc.	Common	31971A107	1,877	81,627	SH		SOLE		81,627	0	0
1st Colonial Bancorp	Common	319716106	2,924	259,684	SH		SOLE		259,684	0	0
First Defiance Financial Corp.	Common	32006W106	4,506	85,850	SH		SOLE		85,850	0	0
Fentura Financial, Inc.	Common	314645102	6,210	336,590	SH		SOLE		336,590	0	0
FirstAtlantic Financial Holdings, Inc.	Common	337651103	3,016	165,688	SH		SOLE		165,688	0	0
First Foundation Inc.	Common	32026V104	16,079	898,773	SH		SOLE		898,773	0	0
First Guaranty Bancshares, Inc.	Common	32043P106	2,782	103,264	SH		SOLE		103,264	0	0
Foresight Financial Group, Inc.	Common	345526107	8,829	286,642	SH		SOLE		286,642	0	0
First Home Bancorp, Inc.	Common	32050L105	1,418	37,800	SH		SOLE		37,800	0	0
First Security, Inc.	Common	336327101	4,088	155,125	SH		SOLE		155,125	0	0
FineMark Holdings, Inc.	Common	31788B108	3,125	125,000	SH		SOLE		125,000	0	0
First BancTrust Corporation	Common	31868G100	3,410	165,550	SH		SOLE		165,550	0	0
1st Capital Bank	Common	31944C107	4,567	319,598	SH		SOLE		319,598	0	0
Financial Institutions, Inc.	Common	317585404	7,150	248,261	SH		SOLE		248,261	0	0
First of Long Island Corp.	Common	320734106	11,509	377,953	SH		SOLE		377,953	0	0
First Midwest Bancorp, Inc.	Common	320867104	16,464	702,977	SH		SOLE		702,977	0	0
Farmers National Banc Corp.	Common	309627107	4,472	297,133	SH		SOLE		297,133	0	0
FNB Bancorp	Common	302515101	12,474	367,750	SH		SOLE		367,750	0	0
Federated National Holding Company	Common	31422T101	2,154	138,000	SH		SOLE		138,000	0	0
First Northern Community Bancorp	Common	335925103	6,302	520,865	SH		SOLE		520,865	0	0
First Priority Financial Corp.	Common	33612N100	661	83,179	SH		SOLE		83,179	0	0
First Bank	Common	31931U102	18,144	1,364,234	SH		SOLE		1,364,234	0	0
Republic First Bancorp, Inc.	Common	760416107	22,848	2,470,059	SH		SOLE		2,470,059	0	0
First Merchants Corp.	Common	320817109	690	16,082	SH		SOLE		16,082	0	0
Franklin Financial Network, Inc.	Common	35352P104	5,258	147,500	SH		SOLE		147,500	0	0
First South Bancorp, Inc.	Common	33646D102	1,597	1,597,246	SH		SOLE		1,597,246	0	0
First Virginia Community Bank	Common	36120Q101	7,081	417,749	SH		SOLE		417,749	0	0
First National Corporation	Common	32106V107	3,843	247,960	SH		SOLE		247,960	0	0
Guaranty Bancorp	Common	40075T607	5,054	181,802	SH		SOLE		181,802	0	0
Green Bancorp, Inc.	Common	39260X100	11,335	479,269	SH		SOLE		479,269	0	0
Guaranty Bancshares, Inc.	Common	400764106	3,999	125,000	SH		SOLE		125,000	0	0
GrandSouth Bancorporation	Common	386627301	1,750	125,000	SH		SOLE		125,000	0	0
Howard Bancorp, Inc.	Common	442496105	3,264	156,187	SH		SOLE		156,187	0	0
Horizon Bancorp	Common	440407104	3,680	126,143	SH		SOLE		126,143	0	0
HCBF Holding Company, Inc.	Common	40415X102	498	34,972	SH		SOLE		34,972	0	0
Home Federal Bancorp, Inc. of Louisiana	Common	43708L108	2,631	98,556	SH		SOLE		98,556	0	0
Heritage Financial Corporation	Common	42722X106	756	25,637	SH		SOLE		25,637	0	0
Hingham Institution for Savings	Common	433323102	5,848	30,733	SH		SOLE		30,733	0	0
HomeTown Bankshares Corporation	Common	43787N108	1,930	177,842	SH		SOLE		177,842	0	0
Home BancShares, Inc.	Common	436893200	20,251	802,986	SH		SOLE		802,986	0	0
Heritage Commerce Corp	Common	426927109	19,548	1,373,708	SH		SOLE		1,373,708	0	0
Hilltop Holdings Inc.	Common	432748101	5,916	227,532	SH		SOLE		227,532	0	0
Iberiabank Corp	Common	450828108	19,760	240,534	SH		SOLE		240,534	0	0
Independent Bank Group, Inc	Common	45384B106	1,375	22,800	SH		SOLE		22,800	0	0
County Bancorp, Inc.	Common	221907108	8,995	299,330	SH		SOLE		299,330	0	0
First Internet Bancorp	Common	320557101	3,359	104,000	SH		SOLE		104,000	0	0
IF Bancorp, Inc.	Common	44951J105	1,631	84,072	SH		SOLE		84,072	0	0
Investar Holding Corporation	Common	46134L105	14,328	594,513	SH		SOLE		594,513	0	0
John Marshall Bank	Common	47805L101	5,380	292,375	SH		SOLE		292,375	0	0
James River Group Holdings, Ltd.	Common	G5005R107	3,037	73,210	SH		SOLE		73,210	0	0
Kingstone Companies, Inc.	Common	496719105	3,920	240,500	SH		SOLE		240,500	0	0
Kentucky Bancshares, Inc.	Common	491203105	3,504	84,029	SH		SOLE		84,029	0	0
Lakeland Bancorp, Inc.	Common	511637100	30,663	1,503,099	SH		SOLE		1,503,099	0	0
Ledyard Financial Group, Inc.	Common	523338101	3,220	157,092	SH		SOLE		157,092	0	0
Lighthouse Bank	Common	53223T106	1,539	75,995	SH		SOLE		75,995	0	0
Fidelity Southern Corporation	Common	316394105	33,769	1,428,478	SH		SOLE		1,428,478	0	0
Lake Shore Bancorp	Common	510700107	3,518	219,879	SH		SOLE		219,879	0	0
LegacyTexas Financial Group, Inc.	Common	52471Y106	8,147	204,072	SH		SOLE		204,072	0	0
Middlefield Banc Corp.	Common	596304204	3,918	84,991	SH		SOLE		84,991	0	0
MB Financial, Inc.	Common	55264U108	15,449	343,159	SH		SOLE		343,159	0	0
MBT Financial Corp.	Common	578877102	8,684	793,033	SH		SOLE		793,033	0	0
Mercantile Bank Corporation	Common	587376104	50,719	1,453,262	SH		SOLE		1,453,262	0	0
Macatawa Bank Corporation	Common	554225102	7,985	778,293	SH		SOLE		778,293	0	0
Merchants Financial Group, Inc.	Common	588538108	5,168	83,360	SH		SOLE		83,360	0	0
Mackinac Financial Corporation	Common	554571109	3,508	226,307	SH		SOLE		226,307	0	0
Malvern Bancorp, Inc.	Common	561409103	15,221	568,994	SH		SOLE		568,994	0	0
Manning & Napier, Inc.	Common	56382Q102	584	147,860	SH		SOLE		147,860	0	0
MainStreet Bancshares, Inc.	Common	56064Y100	6,541	401,300	SH		SOLE		401,300	0	0
MidWestOne Financial Group, Inc.	Common	598511103	2,670	79,100	SH		SOLE		79,100	0	0
Midland States Bancorp, Inc.	Common	597742105	4,748	149,858	SH		SOLE		149,858	0	0
MainSource Financial Group, Inc.	Common	56062Y102	2,939	81,947	SH		SOLE		81,947	0	0
MVB Financial Corp.	Common	553810102	8,991	478,261	SH		SOLE		478,261	0	0
Mission Valley Bancorp	Common	60520E104	3,059	216,320	SH		SOLE		216,320	0	0
Northwest Bancorporation, Inc.	Common	667337109	7,670	644,544	SH		SOLE		644,544	0	0
National Bank Holdings Corporation	Common	633707104	25,176	705,420	SH		SOLE		705,420	0	0
Nicolet Bankshares, Inc.	Common	65406E102	21,416	372,260	SH		SOLE		372,260	0	0
National Commerce Corporation	Common	63546L102	15,851	370,351	SH		SOLE		370,351	0	0
Northeast Community Bancorp, Inc.	Common	664112109	4,399	475,600	SH		SOLE		475,600	0	0
National General Holdings Corporation	Common	636220303	2,293	120,000	SH		SOLE		120,000	0	0
North Dallas Bank & Trust Co.	Common	659012108	3,757	50,426	SH		SOLE		50,426	0	0
NorthWest Indiana Bancorp	Common	667516108	7,415	178,668	SH		SOLE		178,668	0	0
Northway Financial, Inc.	Common	667270201	5,842	200,084	SH		SOLE		200,084	0	0
Orange County Bancorp	Common	68417L107	7,417	137,228	SH		SOLE		137,228	0	0
OCB Bancorp	Common	67105J101	1,887	124,963	SH		SOLE		124,963	0	0
Southwest Bancorp, Inc.	Common	844767103	13,398	486,302	SH		SOLE		486,302	0	0
Old Line Bancshares, Inc.	Common	67984M100	12,758	455,630	SH		SOLE		455,630	0	0
Old Second Bancorp, Inc.	Common	680277100	32,877	2,444,384	SH		SOLE		2,444,384	0	0
Oak Valley Bancorp	Common	671807105	7,933	472,489	SH		SOLE		472,489	0	0
Private Bancorp of America, Inc.	Common	74274F100	9,472	408,980	SH		SOLE		408,980	0	0
PB Bancorp, Inc.	Common	70454T100	1,877	178,801	SH		SOLE		178,801	0	0
People's Bank of Commerce	Common	710311101	2,232	177,289	SH		SOLE		177,289	0	0
Paragon Commercial Corporation	Common	69911U403	21,510	380,977	SH		SOLE		380,977	0	0
Pinnacle Bank	Common	72346K107	2,869	286,563	SH		SOLE		286,563	0	0
Pacific Commerce Bancorp	Common	69413A103	1,403	157,615	SH		SOLE		157,615	0	0
Presidio Bank	Common	74101A100	2,076	103,544	SH		SOLE		103,544	0	0
Peoples Bancorp Inc.	Common	709789101	18,370	546,882	SH		SOLE		546,882	0	0
Professional Holding Corp.	Common	743139107	1,251	90,000	SH		SOLE		90,000	0	0
Pacific Financial Corporation	Common	694275108	5,753	625,323	SH		SOLE		625,323	0	0
Peapack-Gladstone Financial Corporation	Common	704699107	48,257	1,430,263	SH		SOLE		1,430,263	0	0
Paragon Financial Solutions, Inc.	Common	69912S100	3,895	399,532	SH		SOLE		399,532	0	0
Parke Bancorp, Inc.	Common	700885106	304	13,700	SH		SOLE		13,700	0	0
Pinnacle Bankshares Corporation	Common	72345E102	3,119	113,230	SH		SOLE		113,230	0	0
Premier Commercial Bancorp	Common	74048M100	3,882	376,845	SH		SOLE		376,845	0	0
PSB Holdings, Inc.	Common	69360N108	5,873	83,966	SH		SOLE		83,966	0	0
Park Sterling Corp.	Common	70086Y105	16,389	1,319,558	SH		SOLE		1,319,558	0	0
Puget Sound Bank	Common	74532B107	3,191	90,000	SH		SOLE		90,000	0	0
Puget Sound Bank	Common	74532B107	4,174	117,731	SH		SOLE		117,731	0	0
QCR Holdings, Inc.	Common	74727A104	20,869	458,655	SH		SOLE		458,655	0	0
QNB Corp.	Common	74726N107	8,699	214,584	SH		SOLE		214,584	0	0
Quaint Oak Bancorp	Common	74732T106	1,298	103,750	SH		SOLE		103,750	0	0
RBB Bancorp	Common	74930B105	5,723	250,000	SH		SOLE		250,000	0	0
River City Bank	Common	76803X106	1,284	7,827	SH		SOLE		7,827	0	0
Revere Bank	Common	761402106	2,825	100,000	SH		SOLE		100,000	0	0
Riverview Bancorp, Inc.	Common	769397100	6,019	716,574	SH		SOLE		716,574	0	0
South Atlantic Bancshares, Inc.	Common	83636T104	1,998	124,898	SH		SOLE		124,898	0	0
Salisbury Bancorp, Inc.	Common	795226109	1,220	26,216	SH		SOLE		26,216	0	0
Silvercrest Asset Management Group Inc.	Common	828359109	11,018	757,259	SH		SOLE		757,259	0	0
Sandy Spring Bancorp Inc.	Common	800363103	33,624	811,385	SH		SOLE		811,385	0	0
State Bank Corp.	Common	856121108	283	34,400	SH		SOLE		34,400	0	0
Sussex Bancorp	Common	869245100	13,385	564,767	SH		SOLE		564,767	0	0
Seacoast Banking Corporation of Florida	Common	811707801	21,099	883,169	SH		SOLE		883,169	0	0
Sunshine Bancorp, Inc.	Common	86777J108	4,964	213,600	SH		SOLE		213,600	0	0
Suncrest Bank	Common	86723G109	3,659	348,503	SH		SOLE		348,503	0	0
Southern BancShares (N.C.), Inc.	Common	842243107	5,857	2,466	SH		SOLE		2,466	0	0
SBT Bancorp, Inc.	Common	78391C106	2,644	104,718	SH		SOLE		104,718	0	0
SouthCrest Financial Group, Inc.	Common	84129X107	3,224	344,769	SH		SOLE		344,769	0	0
Santa Cruz County Bank	Common	801827106	799	18,378	SH		SOLE		18,378	0	0
Stifel Financial Corp.	Common	860630102	11,713	219,096	SH		SOLE		219,096	0	0
ServisFirst Bancshares, Inc.	Common	81768T108	6,989	179,900	SH		SOLE		179,900	0	0
Southern First Bancshares, Inc.	Common	842873101	22,629	622,521	SH		SOLE		622,521	0	0
Shore Bancshares, Inc.	Common	825107105	11,962	718,456	SH		SOLE		718,456	0	0
SmartFinancial, Inc.	Common	83190L208	10,490	436,000	SH		SOLE		436,000	0	0
Solvay Bank Corporation	Common	83441Q105	692	16,899	SH		SOLE		16,899	0	0
Southern Michigan Bancorp Inc.	Common	84336P103	2,368	69,430	SH		SOLE		69,430	0	0
Somerset Trust Holding Company	Common	835126103	1,715	42,874	SH		SOLE		42,874	0	0
Southern National Bancorp of Virginia,Inc.	Common	843395104	28,131	1,655,747	SH		SOLE		1,655,747	0	0
Surrey Bancorp	Common	86888W105	883	69,785	SH		SOLE		69,785	0	0
Summit State Bank	Common	866264203	1,788	143,607	SH		SOLE		143,607	0	0
State Bank Financial Corporation	Common	856190103	48,236	1,683,639	SH		SOLE		1,683,639	0	0
Standard AVB Financial Corp.	Common	85303B100	7,910	268,150	SH		SOLE		268,150	0	0
Sevier County Bancshares, Inc.	Common	81817P206	1,172	110,000	SH		SOLE		110,000	0	0
Triumph Bancorp, Inc.	Common	89679E300	12,845	398,300	SH		SOLE		398,300	0	0
Texas Capital Bancshares, Inc.	Common	88224Q107	2,740	31,936	SH		SOLE		31,936	0	0
TriCo Bancshares	Common	896095106	1,716	42,118	SH		SOLE		42,118	0	0
Community Financial Corporation	Common	20368X101	9,236	261,132	SH		SOLE		261,132	0	0
Two River Bancorp	Common	90207C105	4,430	223,495	SH		SOLE		223,495	0	0
Tri City Bankshares Corporation	Common	895364107	4,674	225,243	SH		SOLE		225,243	0	0
Two Rivers Financial Group, Inc.	Common	90206L106	2,764	93,708	SH		SOLE		93,708	0	0
TriState Capital Holdings, Inc.	Common	89678F100	40,897	1,785,883	SH		SOLE		1,785,883	0	0
Town and Country Financial Corporation	Common	892039108	974	45,313	SH		SOLE		45,313	0	0
United Financial Bancorp, Inc.	Common	910304104	11,067	605,086	SH		SOLE		605,086	0	0
Union Bankshares Corporation	Common	90539J109	13,635	386,248	SH		SOLE		386,248	0	0
United Community Banks, Inc.	Common	90984P303	10,815	378,959	SH		SOLE		378,959	0	0
United Insurance Holdings Corp.	Common	910710102	4,262	261,459	SH		SOLE		261,459	0	0
Unity Bancorp, Inc.	Common	913290102	19,336	976,562	SH		SOLE		976,562	0	0
Univest Corporation of Pennsylvania	Common	915271100	1,262	39,452	SH		SOLE		39,452	0	0
Virginia National Bankshares Corp.	Common	928031103	7,511	209,209	SH		SOLE		209,209	0	0
Village Bank and Trust Financial Corp.	Common	92705T200	989	29,133	SH		SOLE		29,133	0	0
Veritex Holdings, Inc.	Common	923451108	20,432	757,847	SH		SOLE		757,847	0	0
Washington Trust Bancorp, Inc.	Common	940610108	2,895	50,575	SH		SOLE		50,575	0	0
Westbury Bancorp, Inc.	Common	95727P106	7,905	396,242	SH		SOLE	��	396,242	0	0
Wellesley Bancorp, Inc.	Common	949485106	834	30,879	SH		SOLE		30,879	0	0
WashingtonFirst Bankshares, Inc.	Common	940730104	8,106	227,760	SH		SOLE		227,760	0	0
West Suburban Bancorp, Inc.	Common	956152409	4,387	7,311	SH		SOLE		7,311	0	0
Waterstone Financial, Inc.	Common	94188P101	18,111	928,769	SH		SOLE		928,769	0	0
West Bancorporation, Inc.	Common	95123P106	4,772	195,578	SH		SOLE		195,578	0	0
W.T.B. Financial Corporation	Common	929334209	16,127	54,300	SH		SOLE		54,300	0	0
Xenith Bankshares, Inc.	Common	984102202	10,647	327,606	SH		SOLE		327,606	0	0
York Traditions Bank	Common	987159100	3,269	188,391	SH		SOLE		188,391	0	0