JCSD Capital 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
Affirm Holdings Inc Oct 15 2021 100	put	00827B956	33	200	PRN	Put	SOLE		200	0	0
Amerant Bancorp CL B	common	023576200	4,566	196,472	SH		SOLE		196,472	0	0
Ameris Bancorp	common	03076K108	2,551	49,180	SH		SOLE		49,180	0	0
Banc of California Inc	common	05990K106	481	26,000	SH		SOLE		26,000	0	0
Banc of California Inc Oct 15 2021 16	call	05990K906	71	250	PRN	Call	SOLE		250	0	0
Bancorp Inc Del	common	05969A105	31	1,200	SH		SOLE		1,200	0	0
Bancorpsouth Bk Tupelo Miss	common	05971J102	3,145	105,600	SH		SOLE		105,600	0	0
Bank of NT Butterfield & Son	common	G0772R208	2,892	81,441	SH		SOLE		81,441	0	0
Cecil Bancorp, Inc.	common	149841306	1,021	367,500	SH		SOLE		367,500	0	0
Citigroup	common	172967424	7	100	SH		SOLE		100	0	0
Citigroup Jan 20 2023 37.50	call	172967904	1,320	400	PRN	Call	SOLE		400	0	0
Coastal Financial Corporation WA	common	19046P209	1,183	37,127	SH		SOLE		37,127	0	0
Communities First Financial Corp	common	20344D104	7,287	155,046	SH		SOLE		155,046	0	0
Eagle Bancorp Montana Inc	common	26942G100	1,989	89,407	SH		SOLE		89,407	0	0
FB Financial Corp	common	30257X104	3,693	86,125	SH		SOLE		86,125	0	0
First Bancorp NC	common	318910106	3,671	85,353	SH		SOLE		85,353	0	0
First Bancshares Inc MS	common	318916103	7,306	188,399	SH		SOLE		188,399	0	0
First Intst Bancsystem CL A	common	32055Y201	1,208	30,000	SH		SOLE		30,000	0	0
First Northwest Bancorp	common	335834107	1,983	112,905	SH		SOLE		112,905	0	0
Five Star Bancorp	common	33830T103	1,299	54,257	SH		SOLE		54,257	0	0
Flushing Financial	common	343873105	1,356	60,000	SH		SOLE		60,000	0	0
Gateway Bank FSB	common	36758P102	1,020	3,000,000	SH		SOLE		3,000,000	0	0
Grandsouth Bancorporation	common	386627301	2,928	122,870	SH		SOLE		122,870	0	0
Heritage Commerce Corp	common	426927109	1,649	141,800	SH		SOLE		141,800	0	0
Intelligent Systems Corp New	common	45816D100	1,687	41,552	SH		SOLE		41,552	0	0
iShares Trust 20 plus Year Treasury Oct 15 2021 155	call	464287902	14	2,000	PRN	Call	SOLE		2,000	0	0
iShares Trust 20 plus Year Treasury Nov 19 2021 152	call	464287902	128	2,000	PRN	Call	SOLE		2,000	0	0
Lakeland Bancorp Inc	common	511637100	1,537	87,162	SH		SOLE		87,162	0	0
McHenry Bancorp, Inc.	common	580683100	1,628	17,352,875	SH		SOLE		17,352,875	0	0
Metropolitan Bk Hldg	common	591774104	2,023	24,000	SH		SOLE		24,000	0	0
Metropolitan Bk Hldg Dec 17 2021 70	call	591774904	64	40	PRN	Call	SOLE		40	0	0
Metro Phoenix Bank	common	59165E106	1,216	73,667	SH		SOLE		73,667	0	0
MVB Financial	common	553810102	1,051	24,548	SH		SOLE		24,548	0	0
NCINO Inc	common	63947U107	213	3,000	SH		SOLE		3,000	0	0
NCINO Inc Feb 18 2022 70	call	63947U907	367	450	PRN	Call	SOLE		450	0	0
New York Cmnty Bancorp Inc Jan 21 2022 11	call	649445903	405	2,000	PRN	Call	SOLE		2,000	0	0
Pacific Premier Bancorp	common	69478X105	3,313	79,945	SH		SOLE		79,945	0	0
Pacific West Bank	common	69506W202	2,365	162,590	SH		SOLE		162,590	0	0
Pacwest Bancorp DEL	common	695263103	3,716	82,000	SH		SOLE		82,000	0	0
PAYA Holdings Inc CL A	common	70434P103	1,503	138,314	SH		SOLE		138,314	0	0
PAYA Holdings Inc CL A Feb 18 2022 10	call	70434P903	52	242	PRN	Call	SOLE		242	0	0
Payoneer Global Inc Feb 18 2022 7.50	call	70451X904	43	250	PRN	Call	SOLE		250	0	0
Paypal Holdings Inc	common	70450Y103	1,457	5,600	SH		SOLE		5,600	0	0
Paysafe Limited Ord	common	G6964L107	1,399	180,500	SH		SOLE		180,500	0	0
Paysafe Limited Jan 21 2022 12	call	G6964L907	11	420	PRN	Call	SOLE		420	0	0
Paysign Inc.	common	70451A104	72	26,616	SH		SOLE		26,616	0	0
Paysign Inc. Jan 21 2022 5	call	70451A904	14	1,880	PRN	Call	SOLE		1,880	0	0
Reliant Bancorp	common	75956B101	3,228	102,171	SH		SOLE		102,171	0	0
Riverview Bancorp Inc	common	769397100	4,623	635,961	SH		SOLE		635,961	0	0
Riverview Bancorp Inc Dec 17 2021 5	call	769397900	90	373	PRN	Call	SOLE		373	0	0
Royal Bk CDA Oct 15 2021 100	put	780087952	48	300	PRN	Put	SOLE		300	0	0
Financial Select Sector SPDR ETF Jan 21 2022 40	call	81369Y905	398	5,000	PRN	Call	SOLE		5,000	0	0
Financial Select Sector SPDR ETF Jan 21 2022 45	call	81369Y905	48	5,000	PRN	Call	SOLE		5,000	0	0
Financial Select Sector SPDR ETF Oct 15 2021 35	put	81369Y955	285	15,000	PRN	Put	SOLE		15,000	0	0
Shift4 Pmts Inc	common	82452J109	930	12,000	SH		SOLE		12,000	0	0
SPDR Ser Tr S&P Regl Bkg	common	78464A698	27	400	SH		SOLE		400	0	0
SPDR Ser Tr S&P Regl Bkg Oct 15 2021 65	put	78464A958	450	6,000	PRN	Put	SOLE		6,000	0	0
SPDR Ser Tr S&P Regl Bkg Oct 15 2021 66	put	78464A958	341	3,000	PRN	Put	SOLE		3,000	0	0
Southern Sts Bancshares Inc	common	843878307	3,608	189,218	SH		SOLE		189,218	0	0
Square Inc CL A	common	852234103	24	100	SH		SOLE		100	0	0
Triumph Bancorp Inc	common	89679E300	2	15	SH		SOLE		15	0	0
United Bancorporation Ala CL A	common	90944R100	4,349	142,586	SH		SOLE		142,586	0	0
United Community Banks Blairsvle GA	common	90984P303	427	13,000	SH		SOLE		13,000	0	0
US Metro Bank	common	90343B102	3,962	950,073	SH		SOLE		950,073	0	0
Veritex Holdings Inc	common	923451108	590	15,000	SH		SOLE		15,000	0	0
Western Alliance Bancorp	common	957638109	4,257	39,121	SH		SOLE		39,121	0	0
ZIONS Bancorporation NA	common	989701107	186	3,000	SH		SOLE		3,000	0	0