13F HOLDINGS REPORT

BANC FUNDS CO LLC

Quarter ended Q2 2023 · Filed May 12, 2023 · Accession 0001567619-23-006059

Total Value

$936,318

Positions

158

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (158)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Old Second Bancorp, Inc.	OSBC	2,051,310	$28,841	3.08%
2	FineMark Holdings, Inc.	31788B108	828,044	$23,309	2.49%
3	Unity Bancorp, Inc.	UNTY	991,614	$22,619	2.42%
4	Peapack-Gladstone Financial Corporation	704699107	731,999	$21,682	2.32%
5	Orange County Bancorp	ORANY	479,306	$21,089	2.25%
6	American Business Bank	02475L105	603,363	$19,911	2.13%
7	Triumph Bancorp, Inc.	TFIN-P	331,418	$19,242	2.06%
8	CrossFirst Bankshares, Inc.	22766M109	1,610,289	$16,876	1.80%
9	HBT Financial, Inc.	404111106	797,974	$15,736	1.68%
10	Primis Financial Corporation	FRST	1,628,521	$15,683	1.67%
11	Mercantile Bank Corporation	587376104	493,158	$15,081	1.61%
12	Santa Cruz County Bank	801827106	602,467	$14,670	1.57%
13	First Western Financial, Inc.	33751L105	728,386	$14,422	1.54%
14	Lakeland Bancorp, Inc.	511637100	910,827	$14,245	1.52%
15	MainStreet Bancshares, Inc.	MNSBP	606,371	$14,244	1.52%
16	Alpine Banks of Colorado	ALPIB	465,353	$14,170	1.51%
17	First Business Financial Services	319390100	458,694	$13,995	1.49%
18	SmartFinancial, Inc.	SMBK	587,648	$13,598	1.45%
19	Mountain Commerce Bancorp	624004107	565,095	$13,285	1.42%
20	Merchants Bancorp	MBINN	509,700	$13,273	1.42%
21	First Bank	31931U102	1,303,721	$13,168	1.41%
22	Texas Capital Bancshares, Inc.	88224Q107	244,405	$11,966	1.28%
23	Avidbank Holdings, Inc.	AVBH	695,697	$11,820	1.26%
24	Mid Penn Bank	MPB	459,827	$11,776	1.26%
25	California BanCorp	BCAL	600,086	$11,708	1.25%
26	Southern First Bancshares, Inc.	SFST	378,573	$11,622	1.24%
27	Blue Ridge Bankshares, Inc.	BRBS	1,127,414	$11,500	1.23%
28	Southern States Bancshares, Inc.	SOMN	506,022	$11,411	1.22%
29	Colony Bankcorp Inc.	CBAN	1,105,072	$11,272	1.20%
30	ConnectOne Bancorp, Inc.	CNOBP	622,006	$10,997	1.17%
31	Byline Bancorp, Inc.	BY	480,544	$10,389	1.11%
32	First Foundation Inc.	32026V104	1,353,054	$10,080	1.08%
33	CNB Financial Corporation	126128107	497,188	$9,546	1.02%
34	Bank7 Corp	BSVN	385,000	$9,452	1.01%
35	Alerus Financial Corporation	01446U103	583,022	$9,358	1.00%
36	Citizens Community Bancorp, Inc.	CIA	877,327	$9,308	0.99%
37	Meridian Bank	MRDN	728,688	$9,181	0.98%
38	Princeton Bancorp, Inc.	BPRN	282,631	$8,965	0.96%
39	Private Bancorp of America, Inc.	74274F100	297,097	$8,616	0.92%
40	Banc of California, Inc.	BANC-PF	677,412	$8,488	0.91%
41	Business First Bancshares, Inc.	BFST	478,003	$8,188	0.87%
42	Investar Holding Corporation	ISTR	572,699	$7,995	0.85%
43	Third Coast Bancshares	TCBX	487,654	$7,661	0.82%
44	Malvern Bancorp, Inc.	561409103	496,512	$7,547	0.81%
45	Sierra Bancorp	BSRR	436,746	$7,521	0.80%
46	Southern BancShares (N.C.), Inc.	SOMN	1,330	$7,435	0.79%
47	Fentura Financial, Inc.	314645102	348,149	$7,419	0.79%
48	Enterprise Bancorp, Inc.	293668109	231,408	$7,280	0.78%
49	Metropolitan Bank Holding Corp.	591774104	203,364	$6,892	0.74%
50	Bankwell Financial Group, Inc.	06654A103	276,623	$6,877	0.73%
51	Southern California Bancorp	BCAL	472,797	$6,832	0.73%
52	PSB Holdings, Inc.	69360N108	321,756	$6,805	0.73%
53	American Riviera Bancorp	02933K103	401,196	$6,744	0.72%
54	FirstSun Capital Bancorp	33767U107	237,396	$6,647	0.71%
55	LinkBancorp	LNKB	1,004,000	$6,586	0.70%
56	First Internet Bancorp	INBKZ	389,667	$6,488	0.69%
57	First Northern Community Bancorp	FNRN	859,651	$6,349	0.68%
58	Summit State Bank	866264203	439,395	$6,094	0.65%
59	Merchants Financial Group, Inc.	588538108	214,334	$5,980	0.64%
60	CapStar Financial Holdings, Inc.	14070T102	391,881	$5,937	0.63%
61	Limestone Bancorp, Inc.	53262L105	264,104	$5,892	0.63%
62	Cambridge Bancorp	132152109	88,528	$5,737	0.61%
63	Shore Bancshares, Inc.	SHBI	398,586	$5,692	0.61%
64	South Atlantic Bancshares, Inc.	83636T104	430,078	$5,647	0.60%
65	First Community Corporation	319835104	278,730	$5,575	0.60%
66	Origin Bancorp Inc.	OBK	166,142	$5,341	0.57%
67	Bay Community Bancorp	072205107	636,516	$5,277	0.56%
68	Prime Meridian Holding Company	74164R107	232,776	$5,121	0.55%
69	Oak Valley Bancorp	671807105	216,337	$5,119	0.55%
70	Dime Community Bancshares, Inc	25432X102	217,777	$4,948	0.53%
71	First Reliance Bancshares, Inc.	33615Q100	661,227	$4,920	0.53%
72	United Bancorporation of Alabama, Inc.	UNTCW	123,659	$4,761	0.51%
73	Veritex Holdings, Inc.	923451108	250,000	$4,565	0.49%
74	River City Bank	76803X106	21,617	$4,518	0.48%
75	Heritage Commerce Corp	HTBK	514,083	$4,282	0.46%
76	First Virginia Community Bank	FVCB	382,921	$4,078	0.44%
77	Hanover Bancorp Inc.	HNVR	226,407	$4,075	0.44%
78	Traditions Bancorp, Inc.	89269L102	222,235	$3,911	0.42%
79	First Capital Bancshares, Inc.	FCAP	428,396	$3,890	0.42%
80	Foresight Financial Group, Inc.	FGFH	142,598	$3,840	0.41%
81	Oregon Pacific Bancorp	686040205	621,386	$3,803	0.41%
82	CoastalSouth Bancshares, Inc.	COSO	214,258	$3,745	0.40%
83	Community Heritage Financial Inc.	20370L103	206,558	$3,730	0.40%
84	Silvercrest Asset Management Group Inc.	828359109	203,286	$3,696	0.39%
85	1st Capital Bancorp	319427100	396,761	$3,694	0.39%
86	Grand River Commerce, Inc.	386441109	675,014	$3,645	0.39%
87	PacWest Bancorp	695263103	363,362	$3,536	0.38%
88	First National Corporation	32106V107	223,120	$3,528	0.38%
89	SouthPoint Bancshares, Inc.	844647107	109,704	$3,511	0.37%
90	Equity Bancshares, Inc.	EQBK	138,292	$3,370	0.36%
91	Pinnacle Bank	72346K107	271,318	$3,302	0.35%
92	1st Colonial Bancorp	319716106	253,644	$3,234	0.35%
93	QNB Corp.	QNBC	121,934	$3,054	0.33%
94	Northway Financial, Inc.	667270201	164,138	$3,038	0.32%
95	Coastal Carolina Bancshares, Inc.	CCNB	296,992	$2,967	0.32%
96	First Commonwealth	319829107	233,808	$2,906	0.31%
97	White River Bancshares Company	WRIV	41,565	$2,868	0.31%
98	Sterling Bancorp, Inc.	85917W102	502,061	$2,842	0.30%
99	USCB Financial Holdings Inc.	USCB	280,000	$2,769	0.30%
100	Commencement Bancorp, Inc.	20051D107	278,560	$2,741	0.29%
101	Blueharbor Bank	095613105	161,283	$2,740	0.29%
102	Five Star Bancorp	FSBC	128,200	$2,736	0.29%
103	First Bancshares, Inc.	318916103	96,802	$2,500	0.27%
104	Tri City Bankshares Corporation	895364107	172,141	$2,410	0.26%
105	W.T.B. Financial Corporation	929334209	7,362	$2,371	0.25%
106	FB Financial Corp.	30257X104	76,129	$2,366	0.25%
107	Codorus Valley Bancorp, Inc.	192025104	113,186	$2,349	0.25%
108	Mission Valley Bancorp	60520E104	192,542	$2,311	0.25%
109	Peoples Bancorp	PEBO	11,434	$2,287	0.24%
110	Malaga Financial Corporation	561046103	98,385	$2,189	0.23%
111	Franklin Financial Services Corp.	353525108	71,396	$2,116	0.23%
112	McHenry Bancorp, Inc.	580683209	60,000	$2,105	0.22%
113	BayFirst Financial Corp.	BAFN	133,593	$2,075	0.22%
114	United Security Bankshares	UNTCW	321,563	$2,052	0.22%
115	Cashmere Valley Bank	14756K102	46,387	$1,967	0.21%
116	WEX Inc.	WEX	9,955	$1,831	0.20%
117	MVB Financial Corp.	553810102	85,733	$1,770	0.19%
118	Bancorp 34, Inc.	BCTF	142,857	$1,743	0.19%
119	ES Bancshares, Inc.	296049109	410,045	$1,620	0.17%
120	Seacoast Banking Corporation of Florida	SE	67,668	$1,604	0.17%
121	Cornerstone Financial Corporation	21925G201	150,000	$1,584	0.17%
122	Eagle Financial Services Inc.	26951R104	46,620	$1,583	0.17%
123	Pacific West Bancorp	69506J102	145,715	$1,574	0.17%
124	Bank of Botetourt	063907208	49,824	$1,545	0.17%
125	Chino Commercial Bancorp	16957L102	112,606	$1,543	0.16%
126	Bank of the James Financial Group, Inc.	470299108	145,553	$1,530	0.16%
127	The Bancorp, Inc.	TBBK	54,092	$1,506	0.16%
128	First Southern Bank	33650R104	196,250	$1,493	0.16%
129	Pinnacle Bankshares Corporation	72345E102	70,393	$1,402	0.15%
130	Riverview Bancorp, Inc.	RVSB	259,007	$1,383	0.15%
131	Republic First Bancorp, Inc.	760416107	1,003,081	$1,364	0.15%
132	American National Bankshares Inc.	027745108	37,549	$1,190	0.13%
133	Oak Ridge Financial Services, Inc.	671768109	61,364	$1,093	0.12%
134	CNB Corporation	12612R105	14,348	$1,076	0.11%
135	BCB Bancorp, Inc.	BCBP	76,496	$1,004	0.11%
136	Two Rivers Financial Group, Inc.	90206L106	26,044	$990	0.11%
137	Virginia National Bankshares Corp.	928031103	26,781	$963	0.10%
138	Crystal Valley Financial	22941P100	16,800	$930	0.10%
139	Community Financial Corporation	20368X101	26,732	$886	0.09%
140	Studio Bank	86389R100	74,074	$881	0.09%
141	First Farmers and Merchants Corporation	320148109	41,497	$876	0.09%
142	i3 Verticals, Inc.	IIIV	35,300	$866	0.09%
143	Summit Bank Group, Inc.	86603R100	61,893	$820	0.09%
144	Village Bank and Trust Financial Corp.	92705T200	14,838	$816	0.09%
145	Community First Bancorporation	203916101	113,744	$722	0.08%
146	Potomac Bancshares, Inc.	737643106	41,492	$705	0.08%
147	Bridgewater Bancshares, Inc.	BWBBP	63,009	$683	0.07%
148	Salisbury Bancorp, Inc.	795226109	27,366	$660	0.07%
149	Capital Bancorp, Inc.	CBNK	37,122	$618	0.07%
150	Community Bancorp of Santa Maria	20344R103	44,600	$361	0.04%
151	Live Oak Bancshares	LOB-PA	12,750	$311	0.03%
152	Open Lending Corporation	LPRO	34,220	$241	0.03%
153	AMB Financial Corp.	001984103	10,762	$238	0.03%
154	nCino, Inc.	NCNO	9,260	$229	0.02%
155	Shift4 Payments	82452J109	2,880	$218	0.02%
156	InBankshares, Corp	45332V105	16,643	$146	0.02%
157	Payoneer Global Inc	PAYO	13,700	$86	0.01%
158	Lewis & Clark Bancorp	52757L109	729	$21	0.00%