13F HOLDINGS REPORT
BANC FUNDS CO LLC
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001029311-25-000015
Total Value
$572.0M
Positions
111
Other Managers
0
Confidential Omitted
No
Holdings (111)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Unity Bancorp, Inc. | UNTY | 441,218 | $21.6M | 3.77% |
| 2 | Old Second Bancorp, Inc. | OSBC | 1,006,378 | $17.4M | 3.04% |
| 3 | Avidbank Holdings, Inc. | AVBH | 677,719 | $17.3M | 3.02% |
| 4 | Private Bancorp of America, Inc. | 74274F100 | 280,502 | $16.6M | 2.90% |
| 5 | American Business Bank | 02475L105 | 289,029 | $15.8M | 2.76% |
| 6 | FineMark Holdings, Inc. | 31788B108 | 385,165 | $15.6M | 2.73% |
| 7 | California BanCorp. | BCAL | 835,480 | $13.9M | 2.44% |
| 8 | West Coast Community Bancorp | 952170108 | 301,055 | $12.8M | 2.23% |
| 9 | First Bank | 31931U102 | 776,059 | $12.6M | 2.21% |
| 10 | MainStreet Bancshares, Inc. | MNSBP | 573,373 | $11.9M | 2.09% |
| 11 | Texas Capital Bancshares, Inc. | 88224Q107 | 133,205 | $11.3M | 1.97% |
| 12 | Metropolitan Bank Holding Corp. | 591774104 | 146,736 | $11.0M | 1.92% |
| 13 | Merchants Bancorp | MBINN | 340,690 | $10.8M | 1.89% |
| 14 | Banc of California, Inc. | BANC-PF | 615,764 | $10.2M | 1.78% |
| 15 | FB Financial Corp. | 30257X104 | 178,496 | $9.9M | 1.74% |
| 16 | First Business Financial Services, Inc. | 319390100 | 193,524 | $9.9M | 1.73% |
| 17 | First Western Financial, Inc. | 33751L105 | 414,629 | $9.5M | 1.67% |
| 18 | Primis Financial Corporation | FRST | 892,422 | $9.4M | 1.64% |
| 19 | Colony Bankcorp Inc. | CBAN | 540,245 | $9.2M | 1.61% |
| 20 | Southern First Bancshares, Inc. | SFST | 205,874 | $9.1M | 1.59% |
| 21 | Blue Ridge Bankshares, Inc. | BRBS | 2,144,949 | $9.1M | 1.59% |
| 22 | Alpine Banks of Colorado | ALPIB | 275,198 | $8.7M | 1.52% |
| 23 | Peapack-Gladstone Financial Corporation | 704699107 | 315,099 | $8.7M | 1.52% |
| 24 | Investar Holding Corporation | ISTR | 371,102 | $8.6M | 1.51% |
| 25 | First Busey Corporation | BUSEP | 331,729 | $7.7M | 1.34% |
| 26 | Mountain Commerce Bancorp | 624004107 | 356,864 | $7.3M | 1.28% |
| 27 | Mercantile Bank Corporation | 587376104 | 160,252 | $7.2M | 1.26% |
| 28 | SmartFinancial, Inc. | SMBK | 200,587 | $7.2M | 1.25% |
| 29 | Meridian Bank | MRDN | 452,838 | $7.2M | 1.25% |
| 30 | Triumph Bancorp, Inc. | TFIN-P | 139,845 | $7.0M | 1.22% |
| 31 | Third Coast Bancshares | TCBX | 179,383 | $6.8M | 1.19% |
| 32 | CNB Financial Corporation | 126128107 | 271,776 | $6.6M | 1.15% |
| 33 | Business First Bancshares, Inc. | BFST | 269,264 | $6.4M | 1.11% |
| 34 | FirstSun Capital Bancorp | 33767U107 | 162,705 | $6.3M | 1.10% |
| 35 | Alerus Financial Corporation | 01446U103 | 282,453 | $6.3M | 1.09% |
| 36 | Orange County Bancorp, Inc. | ORANY | 247,853 | $6.2M | 1.09% |
| 37 | First Internet Bancorp | INBKZ | 276,396 | $6.2M | 1.08% |
| 38 | ConnectOne Bancorp, Inc. | CNOBP | 241,186 | $6.0M | 1.05% |
| 39 | Mid Penn Bank | MPB | 207,982 | $6.0M | 1.04% |
| 40 | Bank7 Corp | BSVN | 128,519 | $5.9M | 1.04% |
| 41 | First Northern Community Bancorp | FNRN | 423,238 | $5.4M | 0.94% |
| 42 | Veritex Holdings, Inc. | 923451108 | 157,895 | $5.3M | 0.93% |
| 43 | United Security Bankshares | UNTCW | 536,316 | $5.0M | 0.87% |
| 44 | Princeton Bancorp, Inc. | BPRN | 153,926 | $4.9M | 0.86% |
| 45 | River City Bank | 76803X106 | 12,559 | $4.8M | 0.85% |
| 46 | Bankwell Financial Group, Inc. | 06654A103 | 108,423 | $4.8M | 0.84% |
| 47 | Studio Bank | 864001102 | 425,956 | $4.8M | 0.84% |
| 48 | First Capital Bancshares, Inc. | FCAP | 360,816 | $4.2M | 0.73% |
| 49 | Coastal Carolina Bancshares, Inc. | CCNB | 329,002 | $4.1M | 0.72% |
| 50 | White River Bancshares Company | WRIV | 89,000 | $4.1M | 0.72% |
| 51 | Oregon Pacific Bancorp | 686040205 | 384,086 | $4.0M | 0.69% |
| 52 | Community Heritage Financial Inc. | 20370L103 | 130,258 | $4.0M | 0.69% |
| 53 | Citizens Community Bancorp, Inc. | CIA | 246,286 | $4.0M | 0.69% |
| 54 | Shore Bancshares, Inc. | SHBI | 239,894 | $3.9M | 0.69% |
| 55 | ChoiceOne Financial Services, Inc. | 170386106 | 135,435 | $3.9M | 0.69% |
| 56 | Prime Meridian Holding Company | 74164R107 | 76,418 | $3.9M | 0.68% |
| 57 | Summit State Bank | 866264203 | 323,108 | $3.8M | 0.67% |
| 58 | LinkBancorp | LNKB | 537,657 | $3.8M | 0.67% |
| 59 | First Foundation Inc. | 32026V104 | 642,158 | $3.6M | 0.63% |
| 60 | First Reliance Bancshares, Inc. | 33615Q100 | 350,913 | $3.5M | 0.62% |
| 61 | Sierra Bancorp | BSRR | 121,424 | $3.5M | 0.61% |
| 62 | Amerant Bancorp Inc. | AMTB | 170,000 | $3.3M | 0.57% |
| 63 | South Atlantic Bancshares, Inc. | 83636T104 | 179,496 | $3.2M | 0.55% |
| 64 | Five Star Bancorp | FSBC | 95,919 | $3.1M | 0.54% |
| 65 | Hanover Bancorp Inc. | HNVR | 136,929 | $3.1M | 0.54% |
| 66 | Summit Bank Group, Inc. | 86603R100 | 190,501 | $3.0M | 0.53% |
| 67 | PSB Holdings, Inc. | 69360N108 | 118,094 | $3.0M | 0.53% |
| 68 | Dime Community Bancshares, Inc. | 25432X102 | 97,948 | $2.9M | 0.51% |
| 69 | American Riviera Bancorp | 02933K103 | 133,989 | $2.9M | 0.51% |
| 70 | Blueharbor Bank | 095613105 | 96,602 | $2.9M | 0.50% |
| 71 | Financial Institutions, Inc. | 317585404 | 104,000 | $2.8M | 0.49% |
| 72 | FVCBankcorp Inc. | FVCB | 214,088 | $2.8M | 0.49% |
| 73 | Eagle Financial Services Inc. | 26951R104 | 65,000 | $2.5M | 0.43% |
| 74 | United Bancorporation of Alabama, Inc. | UNTCW | 43,474 | $2.4M | 0.42% |
| 75 | Grand River Commerce, Inc. | 386441109 | 588,403 | $2.4M | 0.41% |
| 76 | SouthPoint Bancshares, Inc. | 844647107 | 102,414 | $2.2M | 0.38% |
| 77 | USCB Financial Holdings Inc. | USCB | 125,419 | $2.2M | 0.38% |
| 78 | Bancorp 34, Inc. | BCTF | 162,857 | $2.2M | 0.38% |
| 79 | Beacon Financial Corporation | BBT | 86,206 | $2.0M | 0.36% |
| 80 | Dogwood State Bank | 25660B103 | 79,721 | $1.9M | 0.33% |
| 81 | CoastalSouth Bancshares, Inc. | COSO | 85,715 | $1.9M | 0.33% |
| 82 | Bridgewater Bancshares, Inc. | BWBBP | 101,479 | $1.8M | 0.31% |
| 83 | BayFirst Financial Corp. | BAFN | 169,772 | $1.8M | 0.31% |
| 84 | The Bancorp, Inc. | TBBK | 23,592 | $1.8M | 0.31% |
| 85 | Commencement Bancorp, Inc. | 20051D107 | 130,720 | $1.7M | 0.30% |
| 86 | Pacific West Bancorp | 69506J102 | 135,715 | $1.6M | 0.28% |
| 87 | Mission Valley Bancorp | 60520E104 | 100,117 | $1.6M | 0.28% |
| 88 | Renasant Corporation | RNST | 41,875 | $1.5M | 0.27% |
| 89 | Endeavor Bancorp | EDVR | 101,072 | $1.5M | 0.27% |
| 90 | First National Corporation | 32106V107 | 65,880 | $1.5M | 0.26% |
| 91 | Pinnacle Bankshares Corporation | 72345E102 | 37,464 | $1.4M | 0.25% |
| 92 | Foresight Financial Group, Inc. | FGFH | 38,418 | $1.3M | 0.22% |
| 93 | F&M Bank Corp | FMBM | 47,100 | $1.2M | 0.21% |
| 94 | FSBH Corp (was First Southern Bank) | 30325F101 | 135,250 | $1.2M | 0.21% |
| 95 | Heritage Commerce Corp | HTBK | 121,539 | $1.2M | 0.21% |
| 96 | First Community Corporation | 319835104 | 41,317 | $1.2M | 0.20% |
| 97 | Independent Bank Corp. | 453836108 | 16,449 | $1.1M | 0.20% |
| 98 | Pinnacle Bank | 72346K107 | 53,514 | $1.1M | 0.19% |
| 99 | Byline Bancorp, Inc. | BY | 39,157 | $1.1M | 0.19% |
| 100 | Tri City Bankshares Corporation | 895364107 | 65,076 | $1.1M | 0.19% |
| 101 | MVB Financial Corp. | 553810102 | 35,044 | $878,203 | 0.15% |
| 102 | Malaga Financial Corporation | 561046103 | 41,269 | $847,253 | 0.15% |
| 103 | Somerset Trust Holding Company | 835126103 | 11,787 | $699,441 | 0.12% |
| 104 | CNB Corporation | 12612R105 | 8,348 | $667,840 | 0.12% |
| 105 | Bank of Botetourt | 063907208 | 16,504 | $643,656 | 0.11% |
| 106 | Horizon Bancorp | HBNC | 35,000 | $560,350 | 0.10% |
| 107 | Potomac Bancshares, Inc. | 737643106 | 27,420 | $516,319 | 0.09% |
| 108 | HBT Financial, Inc. | 404111106 | 18,403 | $463,756 | 0.08% |
| 109 | Capital Bancorp, Inc. | CBNK | 14,400 | $459,360 | 0.08% |
| 110 | Live Oak Bancshares | LOB-PA | 10,350 | $364,527 | 0.06% |
| 111 | First Farmers and Merchants Corporation | 320148109 | 2,629 | $116,333 | 0.02% |