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	3,122	98,830	SH		SOLE		98,830	0	0
Ameris Bancorp	common	03076K108	2,048	46,680	SH		SOLE		46,680	0	0
Bancorp Inc Del	common	05969A105	601	21,200	SH		SOLE		21,200	0	0
Bank of NT Butterfield & Son	common	G0772R208	2,919	81,341	SH		SOLE		81,341	0	0
Block Inc CL A	common	852234103	14	100	SH		SOLE		100	0	0
BOK FINL Corp	common	05561Q201	940	10,000	SH		SOLE		10,000	0	0
Cadence Bank	common	12740C103	2,312	79,000	SH		SOLE		79,000	0	0
Cecil Bancorp, Inc.	common	149841306	478	367,500	SH		SOLE		367,500	0	0
Citigroup	common	172967424	5	100	SH		SOLE		100	0	0
Citigroup Jan 20 2023 75.00	call	172967904	6	100	PRN	Call	SOLE		100	0	0
Coastal Financial Corp WA	common	19046P209	3,453	75,475	SH		SOLE		75,475	0	0
Colony Bankcorp Inc	common	19623P101	2,240	120,000	SH		SOLE		120,000	0	0
Columbia BKG SYS Inc	common	197236102	807	25,000	SH		SOLE		25,000	0	0
Communities First Financial Corp	common	20344D104	8,822	147,646	SH		SOLE		147,646	0	0
Corecard Corporation	common	45816D100	1	10	SH		SOLE		10	0	0
Curo Group Holdings May 20 2022 15	put	23131L957	53	215	PRN	Put	SOLE		215	0	0
Curo Group Holdings Oct 21 2022 12.50	put	23131L957	4	20	PRN	Put	SOLE		20	0	0
East West Bancorp Inc	common	27579R104	79	1,000	SH		SOLE		1,000	0	0
East West Bancorp Inc Jul 15 2022 60	put	27579R954	14	50	PRN	Put	SOLE		50	0	0
FB Financial Corp	common	30257X104	1,609	36,225	SH		SOLE		36,225	0	0
Fidelity National INFO Jul 15 2022 140	call	31620M906	19	500	PRN	Call	SOLE		500	0	0
First Bancorp NC	common	318910106	2,784	66,653	SH		SOLE		66,653	0	0
First Bancshares Inc MS	common	318916103	5,938	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	1,439	33,462	SH		SOLE		33,462	0	0
First Intst Bancsystem CL A	common	32055Y201	919	25,000	SH		SOLE		25,000	0	0
First Northwest Bancorp	common	335834107	2,494	112,905	SH		SOLE		112,905	0	0
Flushing Financial	common	343873105	1,341	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
Goldman Sachs Group	common	38141G104	4,126	12,500	SH		SOLE		12,500	0	0
Grandsouth Bancorporation	common	386627301	3,523	123,600	SH		SOLE		123,600	0	0
Heritage Commerce Corp	common	426927109	1,595	141,800	SH		SOLE		141,800	0	0
Invesco QQQ TR April 8 2022 355	put	46090E953	161	700	PRN	Put	SOLE		700	0	0
ISHARES 20(PLUS) YEAR TREAS Apr 14 2022 140	call	464287902	191	7,500	PRN	Call	SOLE		7,500	0	0
ISHARES 20(PLUS) YEAR TREAS Apr 14 2022 141	call	464287902	51	2,500	PRN	Call	SOLE		2,500	0	0
ISHARES 20(PLUS) YEAR TREAS Jun 17 2022 148	call	464287902	2	30	PRN	Call	SOLE		30	0	0
ISHARES 20(PLUS) YEAR TREAS Jun 17 2022 150	call	464287902	2	22	PRN	Call	SOLE		22	0	0
Lakeland Bancorp Inc	common	511637100	1,456	87,162	SH		SOLE		87,162	0	0
Mainstreet Bancshares Inc	common	56064Y100	1,627	66,937	SH		SOLE		66,937	0	0
Marqeta Inc May 20 2022 7.50	call	57142B904	92	240	PRN	Call	SOLE		240	0	0
Mastercard Incorporated CL A	common	57636Q104	1,358	3,800	SH		SOLE		3,800	0	0
McHenry Bancorp, Inc.	common	580683209	1,876	68,209	SH		SOLE		68,209	0	0
Metropolitan Bk Hldg	common	591774104	3,460	34,000	SH		SOLE		34,000	0	0
Metro Phoenix Bank	common	59165E106	1,523	73,667	SH		SOLE		73,667	0	0
MVB Financial	common	553810102	3,686	88,817	SH		SOLE		88,817	0	0
NCINO Inc May 20 2022 55	call	63947U907	37	360	PRN	Call	SOLE		360	0	0
New York Cmnty Bancorp Inc	common	649445103	1,018	95,000	SH		SOLE		95,000	0	0
New York Cmnty Bancorp Inc Apr 14 2022 12	call	649445903	3	1,000	PRN	Call	SOLE		1,000	0	0
New York Cmnty Bancorp Inc May 20 2022 11	call	649445903	30	1,000	PRN	Call	SOLE		1,000	0	0
Nuvei Corporation	SUB VTG SHS	67079A102	1	10	SH		SOLE		10	0	0
Nuvei Corporation Jun 17 2022 55	call	67079A902	461	200	PRN	Call	SOLE		200	0	0
Onemain Hldgs Inc Apr 14 2022 45	put	68268W953	4	100	PRN	Put	SOLE		100	0	0
Pacific Premier Bancorp	common	69478X105	2,508	70,945	SH		SOLE		70,945	0	0
Pacific West Bank	common	69506W202	1,935	134,627	SH		SOLE		134,627	0	0
Pacwest Bancorp DEL	common	695263103	3,489	80,900	SH		SOLE		80,900	0	0
Payoneer Global Inc	common	70451X104	532	119,200	SH		SOLE		119,200	0	0
Payoneer Global Inc May 20 2022 5	call	70451X904	15	440	PRN	Call	SOLE		440	0	0
Paysafe Limited Jul 15 2022 3	call	G6964L907	99	1,240	PRN	Call	SOLE		1,240	0	0
Paysign Inc	common	70451A104	1	116	SH		SOLE		116	0	0
Paysign Inc Jan 20 2023 2.50	call	70451A904	25	590	PRN	Call	SOLE		590	0	0
Popular Inc	common	733174700	1,945	23,800	SH		SOLE		23,800	0	0
Riverview Bancorp Inc	common	769397100	4,058	537,507	SH		SOLE		537,507	0	0
Financial Select Sector SPDR ETF Apr 14 2022 37.50	put	81369Y955	285	7,500	PRN		SOLE		7,500	0	0
Financial Select Sector SPDR ETF May 20 2022 42	call	81369Y905	41	3,000	PRN		SOLE		3,000	0	0
Financial Select Sector SPDR ETF Jun 17 2022 35	put	81369Y955	135	2,000	PRN		SOLE		2,000	0	0
Shift4 PMTS Inc CL A	common	82452J109	1	9	SH		SOLE		9	0	0
Shift4 PMTS Inc Jul 15 2022 50	call	82452J909	351	220	PRN	Call	SOLE		220	0	0
SOFI Technologies Inc Apr 14 2022 8.50	put	83406F952	23	1,200	PRN	Put	SOLE		1,200	0	0
Signature BK New York	common	82669G104	29	100	SH		SOLE		100	0	0
Southern Sts Bancshares Inc	common	843878307	3,524	152,758	SH		SOLE		152,758	0	0
Triumph Bancorp Inc	common	89679E300	5	50	SH		SOLE		50	0	0
United Community Banks Blairsvle GA	common	90984P303	3,437	98,756	SH		SOLE		98,756	0	0
US Metro Bank	common	90343B102	5,405	1,143,825	SH		SOLE		1,143,825	0	0
Western Alliance Bancorp	common	957638109	3,488	42,121	SH		SOLE		42,121	0	0
ZIONS Bancorporation NA	common	989701107	164	2,500	SH		SOLE		2,500	0	0