Cutler Capital Management, LLC

Entreprise	Partager, %
Ledyard Financial Group, Inc.	9.11
First Southern Bank	7.04
SB Financial Group, Inc.	6.22
Bank of Botetourt	5.72
Potomac Bancshares, Inc.	5.32
Exchange Bank (Santa Rosa, CA)	4.44
First National Corporation	4.09
F & M Bank Corp.	3.84
Benchmark Bankshares, Inc.	3.83
Timberland Bancorp, Inc.	3.78
Chesapeake Financial Shares, Inc.	3.68
BankFLORIDA Bancorp, Inc.	3.14
Parke Bancorp, Inc.	2.67
CSB Bancorp, Inc.	2.62
Solvay Bank Corp.	1.94
First Business Financial Services, Inc.	1.87
Merchants Financial Group, Inc.	1.15
FNCB Bancorp, Inc.	1.07
Citizens Bancorp of Virginia, Inc.	0.96
PacWest Bancorp	0