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	18,420	470,487	SH		SOLE		470,487	0	0
Atlantic Capital Bancshares, Inc.	Common	048269203	2,184	120,646	SH		SOLE		120,646	0	0
AJS Bancorp, Inc.	Common	001503101	799	56,668	SH		SOLE		56,668	0	0
American Business Bank	Common	02475L105	9,440	236,008	SH		SOLE		236,008	0	0
AMB Financial Corp.	Common	001984103	1,772	93,750	SH		SOLE		93,750	0	0
American River Bankshares	Common	029326105	1,396	90,023	SH		SOLE		90,023	0	0
Access National Corporation	Common	004337101	1,162	40,740	SH		SOLE		40,740	0	0
Aquesta Financial Holdings, Inc.	Common	03842L109	1,910	162,518	SH		SOLE		162,518	0	0
American Riviera Bank	Common	02932A106	7,613	394,465	SH		SOLE		394,465	0	0
ASB Financial Corp.	Common	00205P206	333	16,103	SH		SOLE		16,103	0	0
Auburn National Bancorporation, Inc.	Common	050473107	4,778	122,327	SH		SOLE		122,327	0	0
Avidbank Holdings, Inc.	Common	05368J103	6,523	263,543	SH		SOLE		263,543	0	0
Banc of California, Inc.	Common	05990K106	9,994	517,828	SH		SOLE		517,828	0	0
Bank of Southern California, N. A.	Common	065104101	7,772	523,390	SH		SOLE		523,390	0	0
BCB Bancorp, Inc.	Common	055298103	7,356	470,000	SH		SOLE		470,000	0	0
Bridge Bancorp Inc.	Common	108035106	4,537	135,220	SH		SOLE		135,220	0	0
BankFinancial Corporation	Common	06643P104	7,836	461,487	SH		SOLE		461,487	0	0
Bank First National Corporation	Common	06211J100	7,700	166,494	SH		SOLE		166,494	0	0
Bank of Fincastle	Common	062113105	1,195	506,486	SH		SOLE		506,486	0	0
Bar Harbor Bankshares	Common	066849100	3,456	124,676	SH		SOLE		124,676	0	0
Oak Ridge Financial Services, Inc.	Common	671768109	3,068	201,193	SH		SOLE		201,193	0	0
BSB Bancorp, Inc.	Common	05573H108	28,441	929,460	SH		SOLE		929,460	0	0
Bank of Marin Bancorp	Common	063425102	12,786	185,437	SH		SOLE		185,437	0	0
Bryn Mawr Bank Corporation	Common	117665109	5,800	131,971	SH		SOLE		131,971	0	0
Bank of Commerce Holdings	Common	06424J103	8,720	748,469	SH		SOLE		748,469	0	0
Bank of the James Financial Group, Inc.	Common	470299108	3,917	256,156	SH		SOLE		256,156	0	0
Boston Private Financial Holdings, Inc.	Common	101119105	22,562	1,499,163	SH		SOLE		1,499,163	0	0
Bank of Princeton	Common	064520109	10,616	307,721	SH		SOLE		307,721	0	0
Brookline-MA	Common	11373M107	5,265	325,000	SH		SOLE		325,000	0	0
Bank of Santa Clarita	Common	06424K100	2,371	118,860	SH		SOLE		118,860	0	0
Sierra Bancorp	Common	82620P102	12,834	481,746	SH		SOLE		481,746	0	0
First Busey Corporation	Common	319383204	2,391	80,442	SH		SOLE		80,442	0	0
Bridgewater Bancshares, Inc.	Common	108621103	1,307	100,000	SH		SOLE		100,000	0	0
Bankwell Financial Group, Inc.	Common	06654A103	17,026	527,432	SH		SOLE		527,432	0	0
Byline Bancorp, Inc.	Common	124411109	11,760	512,885	SH		SOLE		512,885	0	0
Bay Bancorp, Inc.	Common	07203T106	694	52,000	SH		SOLE		52,000	0	0
Carolina Alliance Bank	Common	126742105	544	44,369	SH		SOLE		44,369	0	0
California BanCorp	Common	13005U101	7,562	343,900	SH		SOLE		343,900	0	0
Carter Bank & Trust	Common	146102108	1,208	70,858	SH		SOLE		70,858	0	0
Carolina Financial Corporation	Common	143873107	6,759	172,061	SH		SOLE		172,061	0	0
Carolina Trust BancShares, Inc.	Common	14422P105	3,217	346,294	SH		SOLE		346,294	0	0
Cambridge Bancorp	Common	132152109	14,132	161,875	SH		SOLE		161,875	0	0
Coastal Banking Co., Inc.	Common	19041N100	3,385	157,894	SH		SOLE		157,894	0	0
CB Financial Services, Inc.	Common	12479G101	1,880	60,536	SH		SOLE		60,536	0	0
Consumers Bancorp, Inc.	Common	210509105	2,873	136,792	SH		SOLE		136,792	0	0
CBTX, Inc.	Common	12481V104	3,125	125,000	SH		SOLE		125,000	0	0
Commencement Bank	Common	20051L109	3,928	231,041	SH		SOLE		231,041	0	0
Chino Commercial Bancorp	Common	16957L102	1,797	96,106	SH		SOLE		96,106	0	0
Coastal Carolina Bancshares, Inc.	Common	190435107	2,287	262,238	SH		SOLE		262,238	0	0
CNB Financial Corporation	Common	126128107	13,268	456,087	SH		SOLE		456,087	0	0
Centric Financial Corporation	Common	15641J101	3,394	372,992	SH		SOLE		372,992	0	0
Communities First Financial Corporation	Common	20344D104	3,912	186,745	SH		SOLE		186,745	0	0
Charter Financial Corporation	Common	16122W108	8,043	394,477	SH		SOLE		394,477	0	0
Century Bancorp, Inc.	Common	156432106	5,787	72,882	SH		SOLE		72,882	0	0
ConnectOne Bancorp, Inc.	Common	20786W107	19,560	679,153	SH		SOLE		679,153	0	0
CoBiz Financial Inc.	Common	190897108	14,052	716,953	SH		SOLE		716,953	0	0
CenterState Bank Corporation	Common	15201P109	18,325	690,738	SH		SOLE		690,738	0	0
Cashmere Valley Bank	Common	14756K102	4,413	65,382	SH		SOLE		65,382	0	0
CapStar Financial Holdings, Inc.	Common	14070T102	5,186	275,400	SH		SOLE		275,400	0	0
Central Valley Community Bancorp	Common	155685100	13,461	688,191	SH		SOLE		688,191	0	0
Codorus Valley Bancorp, Inc.	Common	192025104	22,054	784,299	SH		SOLE		784,299	0	0
Century Financial Corporation	Common	15652L102	2,415	121,646	SH		SOLE		121,646	0	0
Community Bank	Common	203507108	2,939	11,050	SH		SOLE		11,050	0	0
Community Bancorp of Santa Maria	Common	20344R103	2,520	173,824	SH		SOLE		173,824	0	0
Citizens Bancorp	Common	172950107	2,520	145,261	SH		SOLE		145,261	0	0
Citizens Financial Services	Common	174615104	3,656	58,350	SH		SOLE		58,350	0	0
Citizens Community Bancorp, Inc.	Common	174903104	322	23,000	SH		SOLE		23,000	0	0
Dime Community Bancshares, Inc.	Common	253922108	3,934	213,800	SH		SOLE		213,800	0	0
DNB Financial Corporation	Common	233237106	3,097	86,867	SH		SOLE		86,867	0	0
Enterprise Bancorp, Inc.	Common	293668109	9,163	259,637	SH		SOLE		259,637	0	0
Enterprise Financial Services Corp	Common	293712105	32,694	697,094	SH		SOLE		697,094	0	0
Eagle Financial Services Inc.	Common	26951R104	2,275	69,365	SH		SOLE		69,365	0	0
Eagle Bancorp, Inc.	Common	268948106	9,443	157,777	SH		SOLE		157,777	0	0
Emclaire Financial Corp.	Common	290828102	3,916	117,207	SH		SOLE		117,207	0	0
Empire Bancorp Inc.	Common	291617108	678	45,188	SH		SOLE		45,188	0	0
Embassy Bancorp, Inc.	Common	290791102	3,363	209,137	SH		SOLE		209,137	0	0
Equity Bancshares, Inc.	Common	29460X109	12,744	325,443	SH		SOLE		325,443	0	0
Esquire Bank, National Association	Common	29667J101	1,220	50,000	SH		SOLE		50,000	0	0
ESSA Bancorp, Inc.	Common	29667D104	1,911	130,250	SH		SOLE		130,250	0	0
Community Bankers Trust Corporation	Common	203612106	8,691	965,642	SH		SOLE		965,642	0	0
Flagstar Bancorp, Inc.	Common	337930705	9,508	268,600	SH		SOLE		268,600	0	0
First Business Financial Services	Common	319390100	20,702	822,818	SH		SOLE		822,818	0	0
FB Financial Corp.	Common	30257X104	4,260	104,940	SH		SOLE		104,940	0	0
First Bancshares, Inc.	Common	318916103	23,264	721,364	SH		SOLE		721,364	0	0
First Bancorp	Common	318910106	405	11,365	SH		SOLE		11,365	0	0
Fauquier Bancshares, Inc.	Common	312059108	1,423	67,676	SH		SOLE		67,676	0	0
FCB Financial Holdings, Inc.	Common	30255G103	9,043	176,971	SH		SOLE		176,971	0	0
First Choice Bancorp	Common	31948P104	17,555	675,454	SH		SOLE		675,454	0	0
First Community Corporation	Common	319835104	5,010	218,768	SH		SOLE		218,768	0	0
1st Constitution Bancorp	Common	31986N102	14,393	661,753	SH		SOLE		661,753	0	0
First Citrus Bancorporation, Inc.	Common	31959T102	524	22,567	SH		SOLE		22,567	0	0
First Colebrook Bancorp, Inc.	Common	31971A107	924	20,627	SH		SOLE		20,627	0	0
1st Colonial Bancorp	Common	319716106	4,193	356,875	SH		SOLE		356,875	0	0
First Defiance Financial Corp.	Common	32006W106	4,921	85,850	SH		SOLE		85,850	0	0
Freedom Bank of Virginia	Common	35633M102	2,271	179,059	SH		SOLE		179,059	0	0
Fentura Financial, Inc.	Common	314645102	6,490	328,590	SH		SOLE		328,590	0	0
First Farmers and Merchants Corporation	Common	320148109	498	12,500	SH		SOLE		12,500	0	0
First Foundation Inc.	Common	32026V104	20,303	1,095,099	SH		SOLE		1,095,099	0	0
First Guaranty Bancshares, Inc.	Common	32043P106	2,952	113,590	SH		SOLE		113,590	0	0
Foresight Financial Group, Inc.	Common	345526107	9,930	299,091	SH		SOLE		299,091	0	0
First Home Bancorp, Inc.	Common	32050L105	1,418	75,600	SH		SOLE		75,600	0	0
First Security, Inc.	Common	336327101	2,838	105,125	SH		SOLE		105,125	0	0
FineMark Holdings, Inc.	Common	31788B108	5,461	191,600	SH		SOLE		191,600	0	0
First BancTrust Corporation	Common	31868G100	4,209	127,550	SH		SOLE		127,550	0	0
1st Capital Bank	Common	31944C107	5,445	339,249	SH		SOLE		339,249	0	0
Financial Institutions, Inc.	Common	317585404	5,757	194,502	SH		SOLE		194,502	0	0
First of Long Island Corp.	Common	320734106	8,703	317,050	SH		SOLE		317,050	0	0
First Midwest Bancorp, Inc.	Common	320867104	15,442	627,977	SH		SOLE		627,977	0	0
Farmers National Banc Corp.	Common	309627107	4,362	314,912	SH		SOLE		314,912	0	0
FNB Bancorp	Common	302515101	6,351	172,641	SH		SOLE		172,641	0	0
Federated National Holding Company	Common	31422T101	2,176	138,000	SH		SOLE		138,000	0	0
First Northern Community Bancorp	Common	335925103	5,373	401,298	SH		SOLE		401,298	0	0
First Priority Financial Corp.	Common	33612N100	886	83,179	SH		SOLE		83,179	0	0
Franklin Financial Services Corp.	Common	353525108	4,880	133,559	SH		SOLE		133,559	0	0
First Bank	Common	31931U102	18,344	1,273,861	SH		SOLE		1,273,861	0	0
Republic First Bancorp, Inc.	Common	760416107	20,714	2,380,904	SH		SOLE		2,380,904	0	0
Franklin Financial Network, Inc.	Common	35352P104	5,989	183,716	SH		SOLE		183,716	0	0
First South Bancorp, Inc.	Common	33646D102	1,597	1,597,246	SH		SOLE		1,597,246	0	0
First Reliance Bancshares, Inc.	Common	33615Q100	627	84,792	SH		SOLE		84,792	0	0
First Virginia Community Bank	Common	36120Q101	5,912	339,749	SH		SOLE		339,749	0	0
First West Virginia Bancorp, Inc.	Common	337493100	2,037	70,000	SH		SOLE		70,000	0	0
First National Corporation	Common	32106V107	2,659	143,322	SH		SOLE		143,322	0	0
Guaranty Bancorp	Common	40075T607	496	17,502	SH		SOLE		17,502	0	0
Greater Hudson Bank	Common	391868106	965	189,149	SH		SOLE		189,149	0	0
Green Bancorp, Inc.	Common	39260X100	10,664	479,269	SH		SOLE		479,269	0	0
Grand River Commerce, Inc.	Common	386441109	1,089	181,819	SH		SOLE		181,819	0	0
Guaranty Bancshares, Inc.	Common	400764106	4,315	129,547	SH		SOLE		129,547	0	0
GrandSouth Bancorporation	Common	386627301	1,744	125,000	SH		SOLE		125,000	0	0
Howard Bancorp, Inc.	Common	442496105	3,558	179,687	SH		SOLE		179,687	0	0
Home Federal Bancorp, Inc. of Louisiana	Common	43708L108	2,960	98,556	SH		SOLE		98,556	0	0
Heritage Financial Corporation	Common	42722X106	2,802	91,582	SH		SOLE		91,582	0	0
Hingham Institution for Savings	Common	433323102	485	2,355	SH		SOLE		2,355	0	0
HomeTown Bankshares Corporation	Common	43787N108	929	77,842	SH		SOLE		77,842	0	0
Highlands Bancorp, Inc.	Common	430887109	3,057	230,720	SH		SOLE		230,720	0	0
Heritage Commerce Corp	Common	426927109	14,420	875,016	SH		SOLE		875,016	0	0
Hilltop Holdings Inc.	Common	432748101	4,869	207,532	SH		SOLE		207,532	0	0
Iberiabank Corp	Common	450828108	17,982	230,534	SH		SOLE		230,534	0	0
Independent Bank Group, Inc	Common	45384B106	2,156	30,500	SH		SOLE		30,500	0	0
County Bancorp, Inc.	Common	221907108	8,302	284,204	SH		SOLE		284,204	0	0
First Internet Bancorp	Common	320557101	3,848	104,000	SH		SOLE		104,000	0	0
IF Bancorp, Inc.	Common	44951J105	1,181	59,072	SH		SOLE		59,072	0	0
Investar Holding Corporation	Common	46134L105	14,076	544,513	SH		SOLE		544,513	0	0
John Marshall Bank	Common	47805L101	5,131	292,375	SH		SOLE		292,375	0	0
James River Group Holdings, Ltd.	Common	G5005R107	2,597	73,210	SH		SOLE		73,210	0	0
Kingstone Companies, Inc.	Common	496719105	4,040	240,500	SH		SOLE		240,500	0	0
Kentucky Bancshares, Inc.	Common	491203105	3,577	77,254	SH		SOLE		77,254	0	0
Lakeland Bancorp, Inc.	Common	511637100	29,065	1,464,229	SH		SOLE		1,464,229	0	0
Luther Burbank Corporation	Common	550550107	3,759	313,000	SH		SOLE		313,000	0	0
Ledyard Financial Group, Inc.	Common	523338101	2,158	100,350	SH		SOLE		100,350	0	0
Lighthouse Bank	Common	53223T106	1,862	75,995	SH		SOLE		75,995	0	0
Fidelity Southern Corporation	Common	316394105	29,906	1,296,323	SH		SOLE		1,296,323	0	0
Lake Shore Bancorp	Common	510700107	3,690	219,879	SH		SOLE		219,879	0	0
LegacyTexas Financial Group, Inc.	Common	52471Y106	4,205	98,192	SH		SOLE		98,192	0	0
Middlefield Banc Corp.	Common	596304204	3,756	76,491	SH		SOLE		76,491	0	0
MB Financial, Inc.	Common	55264U108	11,462	283,159	SH		SOLE		283,159	0	0
Merchants Bancorp	Common	58844R108	5,529	257,153	SH		SOLE		257,153	0	0
MBT Financial Corp.	Common	578877102	1,707	158,755	SH		SOLE		158,755	0	0
Mercantile Bank Corporation	Common	587376104	48,376	1,454,932	SH		SOLE		1,454,932	0	0
Metropolitan Bank Holding Corp.	Common	591774104	5,474	130,000	SH		SOLE		130,000	0	0
Macatawa Bank Corporation	Common	554225102	6,266	610,110	SH		SOLE		610,110	0	0
Merchants Financial Group, Inc.	Common	588538108	5,617	74,887	SH		SOLE		74,887	0	0
Mackinac Financial Corporation	Common	554571109	2,682	165,035	SH		SOLE		165,035	0	0
Malvern Bancorp, Inc.	Common	561409103	14,115	542,894	SH		SOLE		542,894	0	0
Manning & Napier, Inc.	Common	56382Q102	518	147,860	SH		SOLE		147,860	0	0
MainStreet Bancshares, Inc.	Common	56064Y100	11,211	509,597	SH		SOLE		509,597	0	0
MidWestOne Financial Group, Inc.	Common	598511103	3,632	109,100	SH		SOLE		109,100	0	0
Meridian Bank	Common	58958P104	6,926	392,875	SH		SOLE		392,875	0	0
MVB Financial Corp.	Common	553810102	9,446	478,261	SH		SOLE		478,261	0	0
Mission Valley Bancorp	Common	60520E104	4,276	277,639	SH		SOLE		277,639	0	0
Northwest Bancorporation, Inc.	Common	667337109	8,374	629,593	SH		SOLE		629,593	0	0
National Bank Holdings Corporation	Common	633707104	3,874	116,513	SH		SOLE		116,513	0	0
Nicolet Bankshares, Inc.	Common	65406E102	18,863	342,532	SH		SOLE		342,532	0	0
National Commerce Corporation	Common	63546L102	15,476	355,371	SH		SOLE		355,371	0	0
Northeast Community Bancorp, Inc.	Common	664112109	3,778	368,600	SH		SOLE		368,600	0	0
National General Holdings Corporation	Common	636220303	2,796	115,000	SH		SOLE		115,000	0	0
NorthWest Indiana Bancorp	Common	667516108	8,166	186,816	SH		SOLE		186,816	0	0
Northway Financial, Inc.	Common	667270201	5,979	194,434	SH		SOLE		194,434	0	0
Orange County Bancorp	Common	68417L107	7,573	270,456	SH		SOLE		270,456	0	0
Old Line Bancshares, Inc.	Common	67984M100	9,979	302,404	SH		SOLE		302,404	0	0
Old Second Bancorp, Inc.	Common	680277100	33,119	2,382,684	SH		SOLE		2,382,684	0	0
Oak Valley Bancorp	Common	671807105	10,470	469,489	SH		SOLE		469,489	0	0
Private Bancorp of America, Inc.	Common	74274F100	11,208	426,178	SH		SOLE		426,178	0	0
PB Bancorp, Inc.	Common	70454T100	251	23,801	SH		SOLE		23,801	0	0
PBB Bancorp	Common	69318W101	4,257	221,725	SH		SOLE		221,725	0	0
People's Bank of Commerce	Common	710311101	2,454	180,453	SH		SOLE		180,453	0	0
Porter Bancorp, Inc.	Common	736233206	2,397	174,935	SH		SOLE		174,935	0	0
Pinnacle Bank	Common	72346K107	3,608	286,563	SH		SOLE		286,563	0	0
Pacific Commerce Bancorp	Common	69413A103	1,743	149,615	SH		SOLE		149,615	0	0
Presidio Bank	Common	74101A100	2,488	93,544	SH		SOLE		93,544	0	0
Peoples Bancorp Inc.	Common	709789101	19,034	536,917	SH		SOLE		536,917	0	0
Professional Holding Corp.	Common	743139107	2,194	125,000	SH		SOLE		125,000	0	0
Pacific Financial Corporation	Common	694275108	6,327	588,023	SH		SOLE		588,023	0	0
Peapack-Gladstone Financial Corporation	Common	704699107	43,031	1,288,747	SH		SOLE		1,288,747	0	0
Paragon Financial Solutions, Inc.	Common	69912S100	2,625	240,786	SH		SOLE		240,786	0	0
Pinnacle Bankshares Corporation	Common	72345E102	3,216	112,830	SH		SOLE		112,830	0	0
Premier Commercial Bancorp	Common	74048M100	5,558	376,845	SH		SOLE		376,845	0	0
PSB Holdings, Inc.	Common	69360N108	9,623	136,015	SH		SOLE		136,015	0	0
QCR Holdings, Inc.	Common	74727A104	20,037	446,765	SH		SOLE		446,765	0	0
QNB Corp.	Common	74726N107	8,263	187,584	SH		SOLE		187,584	0	0
Reliant Bancorp, Inc.	Common	75956B101	7,795	342,020	SH		SOLE		342,020	0	0
River City Bank	Common	76803X106	2,461	12,557	SH		SOLE		12,557	0	0
Revere Bank	Common	761402106	2,915	100,000	SH		SOLE		100,000	0	0
Riverview Financial Corporation	Common	76940Q105	2,429	197,340	SH		SOLE		197,340	0	0
Riverview Bancorp, Inc.	Common	769397100	6,683	715,574	SH		SOLE		715,574	0	0
South Atlantic Bancshares, Inc.	Common	83636T104	2,157	137,388	SH		SOLE		137,388	0	0
Salisbury Bancorp, Inc.	Common	795226109	1,180	26,216	SH		SOLE		26,216	0	0
Silvercrest Asset Management Group Inc.	Common	828359109	11,510	757,259	SH		SOLE		757,259	0	0
Sandy Spring Bancorp Inc.	Common	800363103	37,873	977,103	SH		SOLE		977,103	0	0
State Bank Corp.	Common	856121108	415	34,400	SH		SOLE		34,400	0	0
SB One Bancorp	Common	78413T103	20,950	689,144	SH		SOLE		689,144	0	0
Seacoast Banking Corporation of Florida	Common	811707801	17,686	668,169	SH		SOLE		668,169	0	0
SB Financial Group, Inc.	Common	78408D105	2,569	138,889	SH		SOLE		138,889	0	0
Suncrest Bank	Common	86723G109	4,182	348,503	SH		SOLE		348,503	0	0
Southern BancShares (N.C.), Inc.	Common	842243107	8,073	2,563	SH		SOLE		2,563	0	0
Sterling Bancorp, Inc.	Common	85917W102	5,823	431,000	SH		SOLE		431,000	0	0
SBT Bancorp, Inc.	Common	78391C106	2,451	79,321	SH		SOLE		79,321	0	0
SouthCrest Financial Group, Inc.	Common	84129X107	3,118	314,968	SH		SOLE		314,968	0	0
Santa Cruz County Bank	Common	801827106	1,341	27,365	SH		SOLE		27,365	0	0
Stifel Financial Corp.	Common	860630102	8,513	143,727	SH		SOLE		143,727	0	0
Southern First Bancshares, Inc.	Common	842873101	23,028	517,480	SH		SOLE		517,480	0	0
Shore Bancshares, Inc.	Common	825107105	13,550	718,456	SH		SOLE		718,456	0	0
SmartFinancial, Inc.	Common	83190L208	11,991	508,943	SH		SOLE		508,943	0	0
Solvay Bank Corporation	Common	83441Q105	710	17,743	SH		SOLE		17,743	0	0
Southern Michigan Bancorp Inc.	Common	84336P103	2,550	71,630	SH		SOLE		71,630	0	0
Somerset Trust Holding Company	Common	835126103	1,864	42,374	SH		SOLE		42,374	0	0
Southern National Bancorp of Virginia,Inc.	Common	843395104	27,142	1,713,529	SH		SOLE		1,713,529	0	0
Surrey Bancorp	Common	86888W105	921	69,785	SH		SOLE		69,785	0	0
Summit State Bank	Common	866264203	2,211	164,007	SH		SOLE		164,007	0	0
State Bank Financial Corporation	Common	856190103	40,552	1,351,284	SH		SOLE		1,351,284	0	0
Standard AVB Financial Corp.	Common	85303B100	7,933	265,327	SH		SOLE		265,327	0	0
Sevier County Bancshares, Inc.	Common	81817P206	1,172	110,000	SH		SOLE		110,000	0	0
Triumph Bancorp, Inc.	Common	89679E300	15,812	383,796	SH		SOLE		383,796	0	0
Community Financial Corporation	Common	20368X101	9,719	261,132	SH		SOLE		261,132	0	0
TowneBank	Common	89214P109	4,522	158,108	SH		SOLE		158,108	0	0
Two River Bancorp	Common	90207C105	4,075	225,736	SH		SOLE		225,736	0	0
Tri City Bankshares Corporation	Common	895364107	2,794	136,970	SH		SOLE		136,970	0	0
Two Rivers Financial Group, Inc.	Common	90206L106	2,928	93,708	SH		SOLE		93,708	0	0
TriState Capital Holdings, Inc.	Common	89678F100	38,850	1,670,977	SH		SOLE		1,670,977	0	0
Town and Country Financial Corporation	Common	892039108	974	45,313	SH		SOLE		45,313	0	0
United Financial Bancorp, Inc.	Common	910304104	10,373	640,286	SH		SOLE		640,286	0	0
Union Bankshares Corporation	Common	90539J109	24,215	659,642	SH		SOLE		659,642	0	0
United Community Banks, Inc.	Common	90984P303	5,666	179,022	SH		SOLE		179,022	0	0
United Insurance Holdings Corp.	Common	910710102	5,004	261,459	SH		SOLE		261,459	0	0
Unity Bancorp, Inc.	Common	913290102	21,178	962,657	SH		SOLE		962,657	0	0
Univest Corporation of Pennsylvania	Common	915271100	5,248	189,452	SH		SOLE		189,452	0	0
Virginia National Bankshares Corp.	Common	928031103	4,674	113,716	SH		SOLE		113,716	0	0
Village Bank and Trust Financial Corp.	Common	92705T200	940	29,133	SH		SOLE		29,133	0	0
Veritex Holdings, Inc.	Common	923451108	17,998	650,437	SH		SOLE		650,437	0	0
Washington Trust Bancorp, Inc.	Common	940610108	1,966	36,575	SH		SOLE		36,575	0	0
Westbury Bancorp, Inc.	Common	95727P106	8,008	360,064	SH		SOLE		360,064	0	0
Wellesley Bancorp, Inc.	Common	949485106	920	30,879	SH		SOLE		30,879	0	0
West Suburban Bancorp, Inc.	Common	956152409	5,227	8,350	SH		SOLE		8,350	0	0
Waterstone Financial, Inc.	Common	94188P101	15,644	904,269	SH		SOLE		904,269	0	0
W.T.B. Financial Corporation	Common	929334209	14,767	43,432	SH		SOLE		43,432	0	0
York Traditions Bank	Common	987159100	3,934	191,891	SH		SOLE		191,891	0	0