13F HOLDINGS REPORT

BANC FUNDS CO LLC

Quarter ended Q3 2023 · Filed August 11, 2023 · Accession 0001567619-23-006908

Total Value

$849,011

Positions

155

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (155)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Old Second Bancorp, Inc.	OSBC	2,051,310	$26,790	3.16%
2	Unity Bancorp, Inc.	UNTY	991,614	$23,392	2.76%
3	Triumph Bancorp, Inc.	TFIN-P	331,418	$20,124	2.37%
4	Peapack-Gladstone Financial Corporation	704699107	731,999	$19,823	2.33%
5	FineMark Holdings, Inc.	31788B108	824,344	$19,207	2.26%
6	American Business Bank	02475L105	603,363	$16,291	1.92%
7	CrossFirst Bankshares, Inc.	22766M109	1,610,289	$16,103	1.90%
8	Orange County Bancorp	ORANY	425,380	$15,739	1.85%
9	Santa Cruz County Bank	801827106	599,467	$15,286	1.80%
10	First Western Financial, Inc.	33751L105	758,386	$14,106	1.66%
11	Primis Financial Corporation	FRST	1,648,521	$13,881	1.63%
12	First Bank	31931U102	1,329,921	$13,805	1.63%
13	MainStreet Bancshares, Inc.	MNSBP	606,371	$13,740	1.62%
14	Mercantile Bank Corporation	587376104	493,158	$13,621	1.60%
15	First Business Financial Services	319390100	458,694	$13,527	1.59%
16	Merchants Bancorp	MBINN	509,700	$13,038	1.54%
17	Alpine Banks of Colorado	ALPIB	465,353	$12,774	1.50%
18	SmartFinancial, Inc.	SMBK	587,648	$12,640	1.49%
19	Texas Capital Bancshares, Inc.	88224Q107	244,405	$12,587	1.48%
20	HBT Financial, Inc.	404111106	624,712	$11,520	1.36%
21	Avidbank Holdings, Inc.	AVBH	695,697	$11,465	1.35%
22	Lakeland Bancorp, Inc.	511637100	852,306	$11,412	1.34%
23	Southern States Bancshares, Inc.	SOMN	506,022	$10,677	1.26%
24	Alerus Financial Corporation	01446U103	583,022	$10,483	1.23%
25	Colony Bankcorp Inc.	CBAN	1,105,072	$10,410	1.23%
26	ConnectOne Bancorp, Inc.	CNOBP	627,006	$10,402	1.23%
27	Southern First Bancshares, Inc.	SFST	418,573	$10,360	1.22%
28	Mid Penn Bank	MPB	459,827	$10,153	1.20%
29	Blue Ridge Bankshares, Inc.	BRBS	1,127,414	$9,978	1.18%
30	Mountain Commerce Bancorp	624004107	573,095	$9,456	1.11%
31	Bank7 Corp	BSVN	385,000	$9,444	1.11%
32	California BanCorp	BCAL	609,709	$9,146	1.08%
33	CNB Financial Corporation	126128107	497,188	$8,775	1.03%
34	Byline Bancorp, Inc.	BY	480,544	$8,693	1.02%
35	Metropolitan Bank Holding Corp.	591774104	232,664	$8,080	0.95%
36	Private Bancorp of America, Inc.	74274F100	297,097	$8,036	0.95%
37	Malvern Bancorp, Inc.	561409103	507,602	$7,995	0.94%
38	Banc of California, Inc.	BANC-PF	677,412	$7,844	0.92%
39	Citizens Community Bancorp, Inc.	CIA	877,327	$7,764	0.91%
40	Third Coast Bancshares	TCBX	487,654	$7,739	0.91%
41	Princeton Bancorp, Inc.	BPRN	282,631	$7,721	0.91%
42	Sierra Bancorp	BSRR	436,746	$7,412	0.87%
43	Business First Bancshares, Inc.	BFST	478,003	$7,204	0.85%
44	Investar Holding Corporation	ISTR	592,699	$7,178	0.85%
45	Meridian Bank	MRDN	728,688	$7,141	0.84%
46	Southern BancShares (N.C.), Inc.	SOMN	1,302	$7,031	0.83%
47	Bankwell Financial Group, Inc.	06654A103	281,623	$6,866	0.81%
48	Fentura Financial, Inc.	314645102	348,149	$6,737	0.79%
49	Summit State Bank	866264203	439,395	$6,639	0.78%
50	PSB Holdings, Inc.	69360N108	321,756	$6,548	0.77%
51	American Riviera Bancorp	02933K103	401,196	$6,098	0.72%
52	FirstSun Capital Bancorp	33767U107	237,396	$6,054	0.71%
53	LinkBancorp	LNKB	1,004,000	$6,024	0.71%
54	First Northern Community Bancorp	FNRN	859,651	$6,018	0.71%
55	First Internet Bancorp	INBKZ	392,313	$5,826	0.69%
56	Southern California Bancorp	BCAL	419,996	$5,762	0.68%
57	Enterprise Bancorp, Inc.	293668109	188,186	$5,446	0.64%
58	First Foundation Inc.	32026V104	1,353,054	$5,372	0.63%
59	Peoples Bancorp Inc.	PEBO	199,145	$5,287	0.62%
60	Heritage Commerce Corp	HTBK	632,083	$5,234	0.62%
61	Merchants Financial Group, Inc.	588538108	196,748	$5,115	0.60%
62	United Bancorporation of Alabama, Inc.	UNTCW	122,699	$4,906	0.58%
63	Prime Meridian Holding Company	74164R107	232,776	$4,891	0.58%
64	Origin Bancorp Inc.	OBK	166,142	$4,868	0.57%
65	Cambridge Bancorp	132152109	88,528	$4,808	0.57%
66	CapStar Financial Holdings, Inc.	14070T102	391,881	$4,808	0.57%
67	Bay Community Bancorp	072205107	592,316	$4,798	0.57%
68	Oak Valley Bancorp	671807105	185,837	$4,681	0.55%
69	Veritex Holdings, Inc.	923451108	257,000	$4,608	0.54%
70	Shore Bancshares, Inc.	SHBI	398,586	$4,608	0.54%
71	PacWest Bancorp	695263103	564,497	$4,601	0.54%
72	River City Bank	76803X106	21,617	$4,302	0.51%
73	South Atlantic Bancshares, Inc.	83636T104	430,078	$4,301	0.51%
74	First Virginia Community Bank	FVCB	382,921	$4,124	0.49%
75	Silvercrest Asset Management Group Inc.	828359109	203,286	$4,117	0.48%
76	Hanover Bancorp Inc.	HNVR	228,440	$4,037	0.48%
77	First Reliance Bancshares, Inc.	33615Q100	622,584	$3,966	0.47%
78	First Community Corporation	319835104	224,660	$3,900	0.46%
79	Dime Community Bancshares, Inc	25432X102	217,777	$3,839	0.45%
80	Traditions Bancorp, Inc.	89269L102	222,235	$3,834	0.45%
81	First National Corporation	32106V107	223,120	$3,688	0.43%
82	First Capital Bancshares, Inc.	FCAP	428,396	$3,659	0.43%
83	Foresight Financial Group, Inc.	FGFH	142,598	$3,571	0.42%
84	Oregon Pacific Bancorp	686040205	621,386	$3,542	0.42%
85	Pinnacle Bank	72346K107	285,528	$3,392	0.40%
86	Equity Bancshares, Inc.	EQBK	138,292	$3,150	0.37%
87	SouthPoint Bancshares, Inc.	844647107	109,704	$3,127	0.37%
88	CoastalSouth Bancshares, Inc.	COSO	214,258	$3,075	0.36%
89	Community Heritage Financial Inc.	20370L103	206,558	$3,026	0.36%
90	Northway Financial, Inc.	667270201	158,038	$3,001	0.35%
91	Blueharbor Bank	095613105	161,283	$2,943	0.35%
92	1st Capital Bancorp	319427100	325,058	$2,893	0.34%
93	Five Star Bancorp	FSBC	128,200	$2,868	0.34%
94	USCB Financial Holdings Inc.	USCB	280,000	$2,856	0.34%
95	White River Bancshares Company	WRIV	41,565	$2,847	0.34%
96	Commencement Bancorp, Inc.	20051D107	278,560	$2,758	0.32%
97	Sterling Bancorp, Inc.	85917W102	502,061	$2,746	0.32%
98	Grand River Commerce, Inc.	386441109	675,014	$2,676	0.32%
99	Coastal Carolina Bancshares, Inc.	CCNB	296,992	$2,551	0.30%
100	1st Colonial Bancorp	319716106	253,644	$2,488	0.29%
101	Mission Valley Bancorp	60520E104	188,542	$2,376	0.28%
102	United Security Bankshares	UNTCW	346,563	$2,308	0.27%
103	Tri City Bankshares Corporation	895364107	171,041	$2,301	0.27%
104	Peoples Bancorp	PEBO	11,434	$2,287	0.27%
105	Codorus Valley Bancorp, Inc.	192025104	113,186	$2,220	0.26%
106	Malaga Financial Corporation	561046103	98,385	$2,214	0.26%
107	First Bancshares, Inc.	318916103	82,361	$2,128	0.25%
108	McHenry Bancorp, Inc.	580683209	60,000	$2,105	0.25%
109	MVB Financial Corp.	553810102	89,567	$1,888	0.22%
110	FB Financial Corp.	30257X104	67,089	$1,882	0.22%
111	WEX Inc.	WEX	9,955	$1,813	0.21%
112	BayFirst Financial Corp.	BAFN	133,593	$1,804	0.21%
113	The Bancorp, Inc.	TBBK	54,092	$1,766	0.21%
114	W.T.B. Financial Corporation	929334209	6,292	$1,749	0.21%
115	First Commonwealth	319829107	128,825	$1,630	0.19%
116	Pinnacle Bankshares Corporation	72345E102	83,043	$1,578	0.19%
117	Bancorp 34, Inc.	BCTF	142,857	$1,571	0.19%
118	Chino Commercial Bancorp	16957L102	130,127	$1,528	0.18%
119	Pacific West Bancorp	69506J102	145,715	$1,527	0.18%
120	First Southern Bank	33650R104	196,250	$1,493	0.18%
121	Bank of Botetourt	063907208	49,824	$1,457	0.17%
122	ES Bancshares, Inc.	296049109	410,045	$1,456	0.17%
123	Cornerstone Financial Corporation	21925G201	150,000	$1,380	0.16%
124	Eagle Financial Services Inc.	26951R104	44,034	$1,343	0.16%
125	QNB Corp.	QNBC	57,737	$1,326	0.16%
126	Riverview Bancorp, Inc.	RVSB	259,007	$1,305	0.15%
127	Cashmere Valley Bank	14756K102	29,387	$1,264	0.15%
128	American National Bankshares Inc.	027745108	37,549	$1,088	0.13%
129	CNB Corporation	12612R105	14,348	$1,076	0.13%
130	Bank of the James Financial Group, Inc.	470299108	105,086	$956	0.11%
131	Oak Ridge Financial Services, Inc.	671768109	61,364	$921	0.11%
132	Republic First Bancorp, Inc.	760416107	1,003,081	$903	0.11%
133	BCB Bancorp, Inc.	BCBP	76,496	$898	0.11%
134	Studio Bank	86389R100	74,074	$850	0.10%
135	i3 Verticals, Inc.	IIIV	35,300	$807	0.10%
136	Franklin Financial Services Corp.	353525108	27,199	$755	0.09%
137	Virginia National Bankshares Corp.	928031103	23,039	$741	0.09%
138	Community Financial Corporation	20368X101	26,732	$724	0.09%
139	Summit Bank Group, Inc.	86603R100	61,893	$718	0.08%
140	Community First Bancorporation	203916101	113,744	$717	0.08%
141	Capital Bancorp, Inc.	CBNK	37,122	$672	0.08%
142	Potomac Bancshares, Inc.	737643106	41,492	$660	0.08%
143	Crystal Valley Financial	22941P100	11,100	$655	0.08%
144	Village Bank and Trust Financial Corp.	92705T200	14,838	$641	0.08%
145	Bridgewater Bancshares, Inc.	BWBBP	63,009	$621	0.07%
146	First Farmers and Merchants Corporation	320148109	20,992	$562	0.07%
147	Salisbury Bancorp, Inc.	795226109	22,793	$540	0.06%
148	Open Lending Corporation	LPRO	34,220	$360	0.04%
149	Community Bancorp of Santa Maria	20344R103	36,600	$345	0.04%
150	Live Oak Bancshares	LOB-PA	12,750	$335	0.04%
151	nCino, Inc.	NCNO	9,260	$279	0.03%
152	AMB Financial Corp.	001984103	10,762	$228	0.03%
153	Shift4 Payments	82452J109	2,880	$196	0.02%
154	InBankshares, Corp	45332V105	16,643	$125	0.01%
155	Payoneer Global Inc	PAYO	13,700	$66	0.01%