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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Metropolitan Bank Holding Corp. | $63.7M | 764884 | 16.41% |
| 2 | Equity Bancshares, Inc. | $53.0M | 1194363 | 13.66% |
| 3 | TowneBank | $51.1M | 1518143 | 13.16% |
| 4 | Amerant Bancorp Inc. | $49.8M | 2257283 | 12.81% |
| 5 | USCB Financial Holdings, Inc. | $34.4M | 1856286 | 8.86% |
| 6 | Avidbank Holdings, Inc. | $30.0M | 1050918 | 7.71% |
| 7 | CoastalSouth Bancshares, Inc. | $28.5M | 1159211 | 7.34% |
| 8 | First Bank | $26.1M | 1631437 | 6.72% |
| 9 | NewtekOne, Inc. | $25.3M | 2307692 | 6.51% |
| 10 | Primis Financial Corp. | $16.2M | 1217531 | 4.16% |
| 11 | Midland States Bancorp, Inc. | $9.8M | 438500 | 2.52% |
| 12 | Peoples Bancorp Inc. | $516K | 15689 | 0.13% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.