13F HOLDINGS REPORT

BANC FUNDS CO LLC

Quarter ended Q1 2023 · Filed February 13, 2023 · Accession 0001567619-23-002418

Total Value

$1.1M

Positions

166

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (166)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Old Second Bancorp, Inc.	OSBC	2,051,310	$32,903	2.90%
2	Peapack-Gladstone Financial Corporation	704699107	731,999	$27,245	2.40%
3	Unity Bancorp, Inc.	UNTY	950,967	$25,990	2.29%
4	Lakeland Bancorp, Inc.	511637100	1,408,192	$24,798	2.19%
5	FineMark Holdings, Inc.	31788B108	828,044	$24,634	2.17%
6	American Business Bank	02475L105	598,663	$23,827	2.10%
7	Orange County Bancorp	ORANY	488,069	$22,734	2.01%
8	First Western Financial, Inc.	33751L105	728,386	$20,504	1.81%
9	CrossFirst Bankshares, Inc.	22766M109	1,590,289	$19,735	1.74%
10	Southern First Bancshares, Inc.	SFST	427,153	$19,542	1.72%
11	Primis Financial Corporation	FRST	1,628,521	$19,298	1.70%
12	HBT Financial, Inc.	404111106	961,494	$18,816	1.66%
13	First Foundation Inc.	32026V104	1,300,971	$18,643	1.65%
14	First Bank	31931U102	1,283,721	$17,664	1.56%
15	MainStreet Bancshares, Inc.	MNSBP	611,372	$16,807	1.48%
16	First Business Financial Services	319390100	458,694	$16,765	1.48%
17	Mercantile Bank Corporation	587376104	493,158	$16,511	1.46%
18	SmartFinancial, Inc.	SMBK	599,648	$16,490	1.46%
19	Triumph Bancorp, Inc.	TFIN-P	331,418	$16,196	1.43%
20	Mountain Commerce Bancorp	624004107	565,095	$15,681	1.38%
21	Santa Cruz County Bank	801827106	602,467	$15,092	1.33%
22	ConnectOne Bancorp, Inc.	CNOBP	622,006	$15,059	1.33%
23	California BanCorp	BCAL	624,501	$14,851	1.31%
24	Texas Capital Bancshares, Inc.	88224Q107	244,405	$14,740	1.30%
25	Southern States Bancshares, Inc.	SOMN	506,022	$14,649	1.29%
26	Alpine Banks of Colorado	ALPIB	436,053	$14,390	1.27%
27	Blue Ridge Bankshares, Inc.	BRBS	1,127,414	$14,081	1.24%
28	Colony Bankcorp Inc.	CBAN	1,105,072	$14,023	1.24%
29	Mid Penn Bank	MPB	459,827	$13,781	1.22%
30	Avidbank Holdings, Inc.	AVBH	665,697	$13,780	1.22%
31	Alerus Financial Corporation	01446U103	583,022	$13,614	1.20%
32	Byline Bancorp, Inc.	BY	568,923	$13,068	1.15%
33	Investar Holding Corporation	ISTR	572,699	$12,330	1.09%
34	Merchants Bancorp	MBINN	503,300	$12,240	1.08%
35	CNB Financial Corporation	126128107	497,188	$11,828	1.04%
36	Metropolitan Bank Holding Corp.	591774104	199,364	$11,697	1.03%
37	Meridian Bank	MRDN	364,344	$11,036	0.97%
38	Banc of California, Inc.	BANC-PF	677,412	$10,791	0.95%
39	Business First Bancshares, Inc.	BFST	478,003	$10,583	0.93%
40	Citizens Community Bancorp, Inc.	CIA	875,331	$10,530	0.93%
41	Bank7 Corp	BSVN	385,000	$9,856	0.87%
42	Enterprise Bancorp, Inc.	293668109	274,776	$9,700	0.86%
43	Private Bancorp of America, Inc.	74274F100	297,097	$9,623	0.85%
44	First Internet Bancorp	INBKZ	389,667	$9,461	0.84%
45	Limestone Bancorp, Inc.	53262L105	385,678	$9,418	0.83%
46	LinkBancorp	LNKB	1,004,000	$9,387	0.83%
47	Sierra Bancorp	BSRR	426,478	$9,058	0.80%
48	Princeton Bancorp, Inc.	BPRN	282,631	$8,965	0.79%
49	Third Coast Bancshares	TCBX	483,865	$8,918	0.79%
50	Southern California Bancorp	BCAL	511,960	$8,616	0.76%
51	Merchants Financial Group, Inc.	588538108	285,684	$8,313	0.73%
52	Bankwell Financial Group, Inc.	06654A103	276,623	$8,141	0.72%
53	PacWest Bancorp	695263103	353,362	$8,110	0.72%
54	FirstSun Capital Bancorp	33767U107	217,397	$7,924	0.70%
55	Fentura Financial, Inc.	314645102	348,149	$7,729	0.68%
56	Malvern Bancorp, Inc.	561409103	431,512	$7,659	0.68%
57	Cambridge Bancorp	132152109	88,528	$7,353	0.65%
58	Heritage Commerce Corp	HTBK	552,721	$7,185	0.63%
59	Centric Financial Corporation	15641J101	470,293	$7,078	0.62%
60	Veritex Holdings, Inc.	923451108	250,000	$7,020	0.62%
61	PSB Holdings, Inc.	69360N108	317,506	$6,953	0.61%
62	Shore Bancshares, Inc.	SHBI	398,586	$6,947	0.61%
63	First Community Corporation	319835104	317,011	$6,939	0.61%
64	Southern BancShares (N.C.), Inc.	SOMN	1,445	$6,936	0.61%
65	Dime Community Bancshares, Inc	25432X102	217,777	$6,932	0.61%
66	American Riviera Bancorp	02933K103	401,196	$6,820	0.60%
67	Summit State Bank	866264203	427,371	$6,752	0.60%
68	First Northern Community Bancorp	FNRN	824,016	$6,675	0.59%
69	Origin Bancorp Inc.	OBK	166,142	$6,097	0.54%
70	Oak Valley Bancorp	671807105	266,080	$6,027	0.53%
71	Prime Meridian Holding Company	74164R107	241,776	$5,996	0.53%
72	Bay Community Bancorp	072205107	651,106	$5,860	0.52%
73	South Atlantic Bancshares, Inc.	83636T104	430,078	$5,849	0.52%
74	First Reliance Bancshares, Inc.	33615Q100	661,227	$5,766	0.51%
75	River City Bank	76803X106	21,617	$5,188	0.46%
76	CapStar Financial Holdings, Inc.	14070T102	293,081	$5,176	0.46%
77	United Bancorporation of Alabama, Inc.	UNTCW	133,700	$4,706	0.42%
78	First Bancshares, Inc.	318916103	142,318	$4,556	0.40%
79	Equity Bancshares, Inc.	EQBK	138,292	$4,518	0.40%
80	Oregon Pacific Bancorp	686040205	621,386	$4,505	0.40%
81	1st Capital Bancorp	319427100	410,761	$4,461	0.39%
82	Traditions Bancorp, Inc.	89269L102	222,235	$4,156	0.37%
83	Community Heritage Financial Inc.	20370L103	206,558	$4,106	0.36%
84	Hanover Bancorp Inc.	HNVR	200,450	$4,087	0.36%
85	Foresight Financial Group, Inc.	FGFH	147,098	$4,045	0.36%
86	Pinnacle Bank	72346K107	291,318	$3,924	0.35%
87	CoastalSouth Bancshares, Inc.	COSO	214,258	$3,857	0.34%
88	W.T.B. Financial Corporation	929334209	11,257	$3,840	0.34%
89	First National Corporation	32106V107	223,120	$3,822	0.34%
90	Silvercrest Asset Management Group Inc.	828359109	203,286	$3,816	0.34%
91	Five Star Bancorp	FSBC	138,200	$3,765	0.33%
92	1st Colonial Bancorp	319716106	259,644	$3,635	0.32%
93	Grand River Commerce, Inc.	386441109	656,336	$3,610	0.32%
94	White River Bancshares Company	WRIV	47,565	$3,596	0.32%
95	USCB Financial Holdings Inc.	USCB	280,000	$3,416	0.30%
96	Northway Financial, Inc.	667270201	166,138	$3,414	0.30%
97	SouthPoint Bancshares, Inc.	844647107	108,704	$3,351	0.30%
98	QNB Corp.	QNBC	126,526	$3,331	0.29%
99	Commencement Bancorp, Inc.	20051D107	272,860	$3,141	0.28%
100	Coastal Carolina Bancshares, Inc.	CCNB	296,992	$3,071	0.27%
101	Franklin Financial Services Corp.	353525108	84,796	$3,061	0.27%
102	Sterling Bancorp, Inc.	85917W102	502,061	$3,058	0.27%
103	Professional Holding Corp.	743139107	99,544	$2,761	0.24%
104	FB Financial Corp.	30257X104	76,129	$2,751	0.24%
105	Codorus Valley Bancorp, Inc.	192025104	114,121	$2,716	0.24%
106	Blueharbor Bank	095613105	161,283	$2,701	0.24%
107	First Virginia Community Bank	FVCB	140,310	$2,676	0.24%
108	Tri City Bankshares Corporation	895364107	172,141	$2,582	0.23%
109	Mission Valley Bancorp	60520E104	192,542	$2,532	0.22%
110	Peoples Bancorp	PEBO	11,434	$2,287	0.20%
111	Malaga Financial Corporation	561046103	98,385	$2,264	0.20%
112	Bank of the James Financial Group, Inc.	470299108	189,470	$2,257	0.20%
113	BayFirst Financial Corp.	BAFN	133,593	$2,234	0.20%
114	Cashmere Valley Bank	14756K102	48,787	$2,193	0.19%
115	Republic First Bancorp, Inc.	760416107	1,003,081	$2,157	0.19%
116	McHenry Bancorp, Inc.	580683209	60,000	$2,105	0.19%
117	Two Rivers Financial Group, Inc.	90206L106	50,428	$2,093	0.18%
118	First Capital Bancshares, Inc.	FCAP	232,396	$2,068	0.18%
119	Pacific West Bancorp	69506J102	185,715	$2,043	0.18%
120	Riverview Bancorp, Inc.	RVSB	259,007	$1,989	0.18%
121	MVB Financial Corp.	553810102	85,733	$1,888	0.17%
122	First Citrus Bancorporation, Inc.	31959T102	37,745	$1,787	0.16%
123	First Southern Bank	33650R104	196,250	$1,776	0.16%
124	CCB Financial	19046P209	37,022	$1,759	0.16%
125	ES Bancshares, Inc.	296049109	410,045	$1,755	0.15%
126	Eagle Financial Services Inc.	26951R104	46,620	$1,676	0.15%
127	Cornerstone Financial Corporation	21925G201	150,000	$1,658	0.15%
128	WEX Inc.	WEX	9,955	$1,629	0.14%
129	Chino Commercial Bancorp	16957L102	115,879	$1,593	0.14%
130	Salisbury Bancorp, Inc.	795226109	50,072	$1,572	0.14%
131	The Bancorp, Inc.	TBBK	54,092	$1,535	0.14%
132	Bridgewater Bancshares, Inc.	BWBBP	84,568	$1,500	0.13%
133	Virginia National Bankshares Corp.	928031103	39,357	$1,443	0.13%
134	Bank of Botetourt	063907208	49,824	$1,415	0.12%
135	American National Bankshares Inc.	027745108	37,549	$1,387	0.12%
136	BCB Bancorp, Inc.	BCBP	76,496	$1,376	0.12%
137	Pinnacle Bankshares Corporation	72345E102	70,393	$1,352	0.12%
138	Oak Ridge Financial Services, Inc.	671768109	66,364	$1,293	0.11%
139	Village Bank and Trust Financial Corp.	92705T200	22,838	$1,188	0.10%
140	Capital Bancorp, Inc.	CBNK	49,122	$1,156	0.10%
141	First Farmers and Merchants Corporation	320148109	42,538	$1,100	0.10%
142	Community Financial Corporation	20368X101	26,732	$1,067	0.09%
143	Signature Bank	82669G104	9,200	$1,060	0.09%
144	Crystal Valley Financial	22941P100	16,800	$983	0.09%
145	Studio Bank	86389R100	74,074	$941	0.08%
146	Summit Bank Group, Inc.	86603R100	61,893	$863	0.08%
147	i3 Verticals, Inc.	IIIV	35,300	$859	0.08%
148	Community First Bancorporation	203916101	113,744	$802	0.07%
149	CNB Corporation	12612R105	14,348	$679	0.06%
150	Potomac Bancshares, Inc.	737643106	41,492	$678	0.06%
151	Paya Holdings Inc.	70434P103	85,104	$670	0.06%
152	Community Bancorp of Santa Maria	20344R103	60,100	$607	0.05%
153	John Marshall Bank	JMSB	13,400	$386	0.03%
154	Live Oak Bancshares	LOB-PA	12,750	$385	0.03%
155	Pacific Financial Corporation	694275108	35,905	$384	0.03%
156	Surrey Bancorp	86888W105	15,668	$376	0.03%
157	Silvergate Capital Corporation	82837P408	15,320	$267	0.02%
158	United Security Bankshares	UNTCW	35,000	$256	0.02%
159	nCino, Inc.	NCNO	9,260	$245	0.02%
160	Open Lending Corporation	LPRO	34,220	$231	0.02%
161	AMB Financial Corp.	001984103	10,762	$226	0.02%
162	Shift4 Payments	82452J109	2,880	$161	0.01%
163	InBankshares, Corp	45332V105	16,643	$131	0.01%
164	Payoneer Global Inc	PAYO	13,700	$75	0.01%
165	GrandSouth Bancorporation	386627301	1,825	$71	0.01%
166	Lewis & Clark Bancorp	52757L109	729	$26	0.00%