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 Hldgs Inc Oct 21 2022 20 put	put	00827B956	96	360	PRN	Put	SOLE		360	0	0
Affirm Hldgs Inc Nov 18 2022 17.50 put	put	00827B956	65	240	PRN	Put	SOLE		240	0	0
Ally Finl Inc Jan 20 2023 32 put	put	02005N950	200	370	PRN	Put	SOLE		370	0	0
Amerant Bancorp CL A	common	023576101	2,549	102,630	SH		SOLE		102,630	0	0
Ameris Bancorp	common	03076K108	1,975	44,180	SH		SOLE		44,180	0	0
Bancorp Inc Del	common	05969A105	2	100	SH		SOLE		100	0	0
Bank of NT Butterfield & Son	common	G0772R208	346	10,668	SH		SOLE		10,668	0	0
Bay Community Bancorp	common	072205107	1,356	160,000	SH		SOLE		160,000	0	0
Block Inc CL A	common	852234103	5	100	SH		SOLE		100	0	0
Bread Financial Holdings Oct 21 2022 35 put	put	018581958	182	450	PRN	Put	SOLE		450	0	0
Cadence Bank	common	12740C103	2,007	79,000	SH		SOLE		79,000	0	0
Citigroup	common	172967424	4	100	SH		SOLE		100	0	0
Citigroup Jan 20 2023 75 call	call	172967904	1	100	PRN	Call	SOLE		100	0	0
CNB Finl Corp PA	common	126128107	2,792	118,455	SH		SOLE		118,455	0	0
Coastal Financial Corp WA	common	19046P209	2,879	72,448	SH		SOLE		72,448	0	0
Colony Bankcorp Inc	common	19623P101	1,564	120,000	SH		SOLE		120,000	0	0
Communities First Financial Corp	common	20344D104	8,718	147,646	SH		SOLE		147,646	0	0
Corecard Corporation	common	45816D100	1	10	SH		SOLE		10	0	0
Curo Group Holdings Oct 21 2022 12.50 put	put	23131L957	392	470	PRN	Put	SOLE		470	0	0
Curo Group Holdings Nov 18 2022 5 put	put	23131L957	2	12	PRN	Put	SOLE		12	0	0
East West Bancorp Inc	common	27579R104	940	14,000	SH		SOLE		14,000	0	0
FB Financial Corp	common	30257X104	658	17,225	SH		SOLE		17,225	0	0
Finwise Bancorp	common	31813A109	1	10	SH		SOLE		10	0	0
First Bancorp NC	common	318910106	2,438	66,653	SH		SOLE		66,653	0	0
First Bancshares Inc MS	common	318916103	4,582	153,399	SH		SOLE		153,399	0	0
First Business FINL SVCS Inc	common	319390100	3	100	SH		SOLE		100	0	0
First Comwlth Finl Corp PA	common	319829107	1	50	SH		SOLE		50	0	0
First Internet Bancorp	common	320557101	1,607	47,462	SH		SOLE		47,462	0	0
First Intst Bancsystem CL A	common	32055Y201	8	200	SH		SOLE		200	0	0
First Northwest Bancorp	common	335834107	1,850	114,905	SH		SOLE		114,905	0	0
Flushing Financial	common	343873105	287	14,854	SH		SOLE		14,854	0	0
Gateway Bank FSB	common	36758P102	990	3,000,000	SH		SOLE		3,000,000	0	0
Goldman Sachs Group	common	38141G104	1	5	SH		SOLE		5	0	0
Grandsouth Bancorporation	common	386627301	4,328	128,800	SH		SOLE		128,800	0	0
Heritage Commerce Corp	common	426927109	1,006	88,729	SH		SOLE		88,729	0	0
Invesco QQQ TR Oct 7 2022 290 call	call	46090E903	11	500	PRN	Call	SOLE		500	0	0
ISHARES 20(plus) YEAR TREAS Nov 18 2022 130 call	call	464287902	41	3,000	PRN	Call	SOLE		3,000	0	0
ISHARES IBOXX HIGH YD Oct 21 2022 71 put	put	464288953	120	1,000	PRN	Put	SOLE		1,000	0	0
Lakeland Bancorp Inc	common	511637100	1,224	77,062	SH		SOLE		77,062	0	0
Mainstreet Bancshares Inc	common	56064Y100	1,527	66,937	SH		SOLE		66,937	0	0
Marqeta Inc CL A	common	57142B104	911	128,000	SH		SOLE		128,000	0	0
Mastercard Incorporated CL A	common	57636Q104	2,278	8,010	SH		SOLE		8,010	0	0
McHenry Bancorp, Inc.	common	580683209	1,978	68,209	SH		SOLE		68,209	0	0
Metropolitan Bk Hldg	common	591774104	2,748	42,700	SH		SOLE		42,700	0	0
MVB Financial	common	553810102	134	4,800	SH		SOLE		4,800	0	0
NCINO Inc	common	63947X101	430	12,600	SH		SOLE		12,600	0	0
New York Cmnty Bancorp Inc	common	649445103	486	57,000	SH		SOLE		57,000	0	0
Nuvei Corporation	SUB VTG SHS	67079A102	677	25,010	SH		SOLE		25,010	0	0
Nuvei Corporation Dec 16 2022 30 call	call	67079A902	34	120	PRN	Call	SOLE		120	0	0
Oceanfirst Financial	common	675234108	205	11,000	SH		SOLE		11,000	0	0
Onemain Hldgs Inc Nov 18 2022 30 put	call	68268W953	86	300	PRN	Call	SOLE		300	0	0
Pacific Premier Bancorp	common	69478X105	416	13,445	SH		SOLE		13,445	0	0
Pacwest Bancorp DEL	common	695263103	346	15,300	SH		SOLE		15,300	0	0
Pacwest Bancorp DEL Mar 17 2023 30 call	call	695263903	10	190	PRN	Call	SOLE		190	0	0
Paya Holdings Inc	common	70434P103	403	66,000	SH		SOLE		66,000	0	0
Paya Holdings Inc Jan 20 2023 6 call	call	70434P903	20	240	PRN	Call	SOLE		240	0	0
Payoneer Global Inc	common	70451X104	1,096	181,100	SH		SOLE		181,100	0	0
Paysign Inc	common	70451A104	730	307,946	SH		SOLE		307,946	0	0
Paysign Inc Jan 20 2023 2.50 call	call	70451A904	25	590	PRN	Call	SOLE		590	0	0
PCB Bancorp	common	69320M109	645	35,707	SH		SOLE		35,707	0	0
Popular Inc	common	733174700	1,593	22,100	SH		SOLE		22,100	0	0
Financial Select Sector SPDR ETF Oct 21 2022 30 put	put	81369Y955	750	10,000	PRN	Put	SOLE		10,000	0	0
Shift4 PMTS Inc CL A	common	82452J109	1	9	SH		SOLE		9	0	0
Shift4 PMTS Inc Oct 21 2022 40 call	call	82452J909	147	240	PRN	Call	SOLE		240	0	0
Shift4 PMTS Inc Nov 18 2022 45 call	call	82452J909	30	60	PRN	Call	SOLE		60	0	0
Southern Sts Bancshares Inc	common	843878307	3,267	119,895	SH		SOLE		119,895	0	0
SVB Financial Group	common	78486Q101	34	100	SH		SOLE		100	0	0
SPDR SER TR S&P BK ETF Oct 21 2022 48 call	call	78464A907	7	120	PRN	Call	SOLE		120	0	0
SPDR SER TR S&P REGL BKG Oct 7 2022 63 call	call	78464A908	33	2,500	PRN	Call	SOLE		2,500	0	0
SPDR SER TR S&P REGL BKG Oct 7 2022 56 put	put	78464A958	90	5,000	PRN	Put	SOLE		5,000	0	0
Synchrony Financial Oct 21 2022 31 put	put	87165B953	70	222	PRN	Put	SOLE		222	0	0
Triumph Bancorp Inc	common	89679E300	3	50	SH		SOLE		50	0	0
United Community Banks Blairsvle GA	common	90984P303	1,395	42,135	SH		SOLE		42,135	0	0
US Metro Bank	common	90343B102	4,990	1,050,425	SH		SOLE		1,050,425	0	0
Western Alliance Bancorp	common	957638109	1,790	27,221	SH		SOLE		27,221	0	0
World Acceptance Corp Oct 21 2022 120 put	put	981419954	72	30	PRN	Put	SOLE		30	0	0