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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | SOUTHSTATE BK CORP | $7.4M | 80277 | 1.46% |
| 2 | EQUITY BANCSHARES INC | $5.3M | 120052 | 1.05% |
| 3 | CNB FINL CORP PA | $5.3M | 182110 | 1.04% |
| 4 | FIRST FNDTN INC | $5.2M | 881060 | 1.02% |
| 5 | CITIGROUP INC | $5.2M | 45734 | 1.02% |
| 6 | BANK AMERICA CORP | $5.0M | 103416 | 0.99% |
| 7 | PRIMIS FINANCIAL CORP | $5.0M | 378044 | 0.99% |
| 8 | HORIZON BANCORP IND | $5.0M | 301104 | 0.98% |
| 9 | NATIONAL BK HLDGS CORP | $4.7M | 120826 | 0.93% |
| 10 | Investar Holding Corporation 6.5 Ser A Conv Pfd | $4.5M | 165047 | 0.89% |
| 11 | AMERANT BANCORP INC | $4.4M | 200958 | 0.87% |
| 12 | M & T BK CORP | $4.0M | 19584 | 0.80% |
| 13 | QCR HLDGS INC | $4.0M | 46221 | 0.78% |
| 14 | NORTHPOINTE BANCSHARES INC. | $3.9M | 226100 | 0.77% |
| 15 | COLUMBIA BKG SYS INC | $3.9M | 142003 | 0.77% |
| 16 | US BANCORP | $3.9M | 74828 | 0.77% |
| 17 | CENTRAL BANCOMPANY | $3.8M | 157516 | 0.74% |
| 18 | INTERNATIONAL BANCSHARES COR | $3.5M | 52490 | 0.70% |
| 19 | NICOLET BANKSHARES INC | $3.4M | 23118 | 0.68% |
| 20 | AMERIS BANCORP | $3.4M | 43311 | 0.67% |
| 21 | WESBANCO INC | $3.3M | 95923 | 0.65% |
| 22 | EAST WEST BANCORP INC | $3.3M | 30946 | 0.65% |
| 23 | MECHANICS BANCORP | $3.2M | 218551 | 0.63% |
| 24 | INVESTAR HOLDING CORP | $3.2M | 116386 | 0.62% |
| 25 | UNITY BANCORP INC | $3.2M | 61141 | 0.62% |
| 26 | SCHWAB CHARLES CORP | $3.2M | 33560 | 0.62% |
| 27 | BEACON FINANCIAL CORP. | $3.1M | 103125 | 0.61% |
| 28 | PREFERRED BK LOS ANGELES CA | $3.0M | 33322 | 0.60% |
| 29 | CARTER BANKSHARES INC | $3.0M | 129295 | 0.59% |
| 30 | FIRST CMNTY CORP S C | $2.9M | 100246 | 0.58% |
| 31 | CHIME FINL INC | $2.9M | 156296 | 0.58% |
| 32 | 1ST FINL BANCORP | $2.8M | 102132 | 0.56% |
| 33 | BYLINE BANCORP INC | $2.7M | 86524 | 0.54% |
| 34 | CITIZENS FINL GROUP INC | $2.5M | 41670 | 0.49% |
| 35 | JEFFERSON CAPITAL INC | $2.5M | 129598 | 0.49% |
| 36 | HUNTINGTON BANCSHARES INC | $2.4M | 152539 | 0.47% |
| 37 | FIRST BUSEY CORP | $2.4M | 94334 | 0.47% |
| 38 | INDEPENDENT BK CORP MASS | $2.2M | 29515 | 0.44% |
| 39 | JPMORGAN CHASE & CO | $2.2M | 7539 | 0.44% |
| 40 | AVIDBANK HLDGS INC | $2.0M | 70611 | 0.40% |
| 41 | VALLEY NATL BANCORP | $1.9M | 157874 | 0.38% |
| 42 | FIVE STAR BANCORP | $1.9M | 50821 | 0.38% |
| 43 | UNITED BANKSHARES INC WEST V | $1.9M | 45496 | 0.37% |
| 44 | FIRST MID BANCSHARES INC | $1.7M | 42445 | 0.34% |
| 45 | UMB FINL CORP | $1.7M | 15409 | 0.34% |
| 46 | CAPITAL ONE FINL CORP | $1.7M | 9468 | 0.34% |
| 47 | TOWNEBANK PORTSMOUTH VA | $1.7M | 50654 | 0.34% |
| 48 | ACNB CORP | $1.7M | 35344 | 0.33% |
| 49 | SOUTHERN MO BANCORP INC | $1.6M | 25078 | 0.32% |
| 50 | FINANCIAL INSTITUTIONS INC | $1.5M | 48500 | 0.30% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.