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
Amerant Bancorp CL B	common	023576200	3,829	110,830	SH		SOLE		110,830	0	0
Ameris Bancorp	common	03076K108	2,319	46,680	SH		SOLE		46,680	0	0
Bancorp Inc Del	common	05969A105	30	1,200	SH		SOLE		1,200	0	0
Bank of NT Butterfield & Son	common	G0772R208	3,100	81,341	SH		SOLE		81,341	0	0
Bank7 Corp	common	06652N107	677	29,432	SH		SOLE		29,432	0	0
Block Inc CL A	common	852234103	16	100	SH		SOLE		100	0	0
Block Inc CL A Mar 18 2022 160	call	852234903	62	300	PRN	Call	SOLE		300	0	0
Block Inc CL A Feb 18 2022 195	call	852234903	184	120	PRN	Call	SOLE		120	0	0
Cadence Bank	common	12740C103	2,353	79,000	SH		SOLE		79,000	0	0
Cecil Bancorp, Inc.	common	149841306	551	367,500	SH		SOLE		367,500	0	0
Citigroup	common	172967424	6	100	SH		SOLE		100	0	0
Citigroup Jan 20 2023 37.50	call	172967904	924	400	PRN	Call	SOLE		400	0	0
Coastal Financial Corporation WA	common	19046P209	3,719	73,475	SH		SOLE		73,475	0	0
Communities First Financial Corp	common	20344D104	8,743	152,646	SH		SOLE		152,646	0	0
Corecard Corporation	common	45816D100	1,005	25,900	SH		SOLE		25,900	0	0
Eagle Bancorp Montana Inc	common	26942G100	2,055	89,407	SH		SOLE		89,407	0	0
FB Financial Corp	common	30257X104	2,069	47,225	SH		SOLE		47,225	0	0
First Bancorp NC	common	318910106	3,079	67,353	SH		SOLE		67,353	0	0
First Bancshares Inc MS	common	318916103	6,813	176,399	SH		SOLE		176,399	0	0
First Business FINL SVCS Inc	common	319390100	3	100	SH		SOLE		100	0	0
First Internet Bancorp	common	320557101	1,574	33,462	SH		SOLE		33,462	0	0
First Intst Bancsystem CL A	common	32055Y201	1,220	30,000	SH		SOLE		30,000	0	0
First Northwest Bancorp	common	335834107	2,281	112,905	SH		SOLE		112,905	0	0
Flushing Financial	common	343873105	1,458	60,000	SH		SOLE		60,000	0	0
Gateway Bank FSB	common	36758P102	1,095	3,000,000	SH		SOLE		3,000,000	0	0
Goldman Sachs Group	common	38141G104	383	1,000	SH		SOLE		1,000	0	0
Goldman Sachs Group Mar 18 2022 385	call	38141G904	91	55	PRN	Call	SOLE		55	0	0
Grandsouth Bancorporation	common	386627301	3,410	126,300	SH		SOLE		126,300	0	0
Heritage Commerce Corp	common	426927109	1,693	141,800	SH		SOLE		141,800	0	0
Lakeland Bancorp Inc	common	511637100	1,655	87,162	SH		SOLE		87,162	0	0
Mainstreet Bancshares Inc	common	56064Y100	1,646	66,937	SH		SOLE		66,937	0	0
Mastercard Incorporated CL A	common	57636Q104	647	1,800	SH		SOLE		1,800	0	0
Mastercard Incorporated Jan 21 2022 370	call	57636Q904	38	100	PRN	Call	SOLE		100	0	0
Mastercard Incorporated Jan 21 2022 380	call	57636Q904	34	200	PRN	Call	SOLE		200	0	0
McHenry Bancorp, Inc.	common	580683209	1,735	69,411	SH		SOLE		69,411	0	0
Metropolitan Bk Hldg	common	591774104	4,048	38,000	SH		SOLE		38,000	0	0
Metro Phoenix Bank	common	59165E106	1,554	73,667	SH		SOLE		73,667	0	0
MVB Financial	common	553810102	2,722	65,568	SH		SOLE		65,568	0	0
NCINO Inc	common	63947U107	1,317	24,000	SH		SOLE		24,000	0	0
NCINO Inc May 20 2022 55	call	63947U907	221	360	PRN	Call	SOLE		360	0	0
New York Cmnty Bancorp Inc Jan 21 2022 11	call	649445903	250	2,000	PRN	Call	SOLE		2,000	0	0
Nuvei Corporation	SUB VTG SHS	67079A102	1	10	SH		SOLE		10	0	0
Nuvei Corporation Jun 17 2022 55	call	67079A902	885	500	PRN	Call	SOLE		500	0	0
Pacific Premier Bancorp	common	69478X105	3,200	79,945	SH		SOLE		79,945	0	0
Pacific West Bank	common	69506W202	1,772	134,627	SH		SOLE		134,627	0	0
Pacwest Bancorp DEL	common	695263103	3,654	80,900	SH		SOLE		80,900	0	0
Payoneer Global Inc	common	70451X104	32	4,300	SH		SOLE		4,300	0	0
Payoneer Global Inc May 20 2022 5	call	70451X904	97	350	PRN	Call	SOLE		350	0	0
Paysign Inc	common	70451A104	1	116	SH		SOLE		116	0	0
Paypal Holdings Inc Feb 18 2022 210	call	70450Y903	110	300	PRN	Call	SOLE		300	0	0
Paypal Holdings Inc Mar 18 2022 190	call	70450Y903	162	130	PRN	Call	SOLE		130	0	0
Popular Inc	common	733174700	1,231	15,000	SH		SOLE		15,000	0	0
Reliant Bancorp	common	75956B101	3,627	102,171	SH		SOLE		102,171	0	0
Riverview Bancorp Inc	common	769397100	4,113	537,507	SH		SOLE		537,507	0	0
Financial Select Sector SPDR ETF Jan 7 2022 40.50	call	81369Y905	13	5,000	PRN	Call	SOLE		5,000	0	0
Financial Select Sector SPDR ETF Jan 21 2022 41	call	81369Y905	52	5,500	PRN	Call	SOLE		5,500	0	0
Financial Select Sector SPDR ETF Jan 21 2022 43	call	81369Y905	16	8,000	PRN	Call	SOLE		8,000	0	0
Financial Select Sector SPDR ETF Jan 21 2022 34	put	81369Y955	3	500	PRN	Put	SOLE		500	0	0
Financial Select Sector SPDR ETF Jan 21 2022 35	put	81369Y955	40	5,000	PRN	Put	SOLE		5,000	0	0
Financial Select Sector SPDR ETF Feb 28 2022 43	call	81369Y905	40	5,000	PRN	Call	SOLE		5,000	0	0
Southern Sts Bancshares Inc	common	843878307	3,703	189,218	SH		SOLE		189,218	0	0
United Bancorporation Ala CL A	common	90944R100	2,139	72,586	SH		SOLE		72,586	0	0
United Community Banks Blairsvle GA	common	90984P303	151	4,200	SH		SOLE		4,200	0	0
US Metro Bank	common	90343B102	4,657	1,041,800	SH		SOLE		1,041,800	0	0
Veritex Holdings Inc	common	923451108	159	4,000	SH		SOLE		4,000	0	0
Western Alliance Bancorp	common	957638109	4,211	39,121	SH		SOLE		39,121	0	0
ZIONS Bancorporation NA	common	989701107	189	3,000	SH		SOLE		3,000	0	0