13F HOLDINGS REPORT

BANC FUNDS CO LLC

Quarter ended Q4 2023 · Filed November 13, 2023 · Accession 0001567619-23-007704

Total Value

$852,708

Positions

149

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (149)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Old Second Bancorp, Inc.	OSBC	2,051,310	$27,918	3.27%
2	Unity Bancorp, Inc.	UNTY	991,614	$23,234	2.72%
3	Triumph Bancorp, Inc.	TFIN-P	331,418	$21,473	2.52%
4	Peapack-Gladstone Financial Corporation	704699107	731,999	$18,776	2.20%
5	FineMark Holdings, Inc.	31788B108	824,344	$18,671	2.19%
6	American Business Bank	02475L105	603,363	$18,668	2.19%
7	First Bank	31931U102	1,719,449	$18,536	2.17%
8	CrossFirst Bankshares, Inc.	22766M109	1,610,289	$16,248	1.91%
9	Orange County Bancorp	ORANY	371,791	$16,050	1.88%
10	Mercantile Bank Corporation	587376104	493,158	$15,244	1.79%
11	Avidbank Holdings, Inc.	AVBH	695,697	$14,832	1.74%
12	West Coast Community Bancorp	801827106	573,267	$14,618	1.71%
13	Texas Capital Bancshares, Inc.	88224Q107	244,405	$14,395	1.69%
14	Merchants Bancorp	MBINN	509,700	$14,129	1.66%
15	First Business Financial Services	319390100	458,694	$13,765	1.61%
16	First Western Financial, Inc.	33751L105	758,386	$13,765	1.61%
17	Primis Financial Corporation	FRST	1,648,521	$13,435	1.58%
18	Southern States Bancshares, Inc.	SOMN	565,643	$12,778	1.50%
19	Alpine Banks of Colorado	ALPIB	465,353	$12,634	1.48%
20	MainStreet Bancshares, Inc.	MNSBP	606,371	$12,455	1.46%
21	California BanCorp	BCAL	609,709	$12,255	1.44%
22	SmartFinancial, Inc.	SMBK	572,648	$12,237	1.44%
23	Southern First Bancshares, Inc.	SFST	418,573	$11,276	1.32%
24	ConnectOne Bancorp, Inc.	CNOBP	627,006	$11,180	1.31%
25	Colony Bankcorp Inc.	CBAN	1,105,072	$11,040	1.29%
26	Alerus Financial Corporation	01446U103	583,022	$10,599	1.24%
27	Lakeland Bancorp, Inc.	511637100	809,306	$10,213	1.20%
28	Private Bancorp of America, Inc.	74274F100	301,230	$9,561	1.12%
29	Mountain Commerce Bancorp	624004107	573,095	$9,456	1.11%
30	Mid Penn Bank	MPB	459,827	$9,256	1.09%
31	CNB Financial Corporation	126128107	497,188	$9,004	1.06%
32	Business First Bancshares, Inc.	BFST	478,003	$8,967	1.05%
33	Bank7 Corp	BSVN	384,000	$8,644	1.01%
34	Metropolitan Bank Holding Corp.	591774104	232,664	$8,441	0.99%
35	Citizens Community Bancorp, Inc.	CIA	877,327	$8,422	0.99%
36	Banc of California, Inc.	BANC-PF	677,412	$8,386	0.98%
37	Third Coast Bancshares	TCBX	487,654	$8,339	0.98%
38	Sierra Bancorp	BSRR	436,746	$8,281	0.97%
39	Fentura Financial, Inc.	314645102	348,149	$8,265	0.97%
40	First Foundation Inc.	32026V104	1,353,054	$8,227	0.96%
41	Princeton Bancorp, Inc.	BPRN	282,631	$8,193	0.96%
42	First Northern Community Bancorp	FNRN	859,651	$8,158	0.96%
43	HBT Financial, Inc.	404111106	405,138	$7,390	0.87%
44	Byline Bancorp, Inc.	BY	370,373	$7,300	0.86%
45	Meridian Bank	MRDN	728,688	$7,141	0.84%
46	Summit State Bank	866264203	439,395	$7,048	0.83%
47	FirstSun Capital Bancorp	33767U107	237,396	$6,932	0.81%
48	LinkBancorp	LNKB	1,004,000	$6,877	0.81%
49	Bankwell Financial Group, Inc.	06654A103	281,623	$6,835	0.80%
50	PSB Holdings, Inc.	69360N108	321,756	$6,805	0.80%
51	First Internet Bancorp	INBKZ	392,313	$6,359	0.75%
52	Investar Holding Corporation	ISTR	592,699	$6,277	0.74%
53	American Riviera Bancorp	02933K103	380,946	$6,152	0.72%
54	Southern BancShares (N.C.), Inc.	SOMN	1,087	$5,761	0.68%
55	CapStar Financial Holdings, Inc.	14070T102	393,481	$5,583	0.65%
56	Heritage Commerce Corp	HTBK	632,083	$5,354	0.63%
57	Veritex Holdings, Inc.	923451108	289,000	$5,188	0.61%
58	Cambridge Bancorp	132152109	82,928	$5,166	0.61%
59	Enterprise Bancorp, Inc.	293668109	188,186	$5,153	0.60%
60	Prime Meridian Holding Company	74164R107	232,776	$5,133	0.60%
61	Blue Ridge Bankshares, Inc.	BRBS	1,127,414	$5,096	0.60%
62	Merchants Financial Group, Inc.	588538108	194,548	$4,850	0.57%
63	Shore Bancshares, Inc.	SHBI	460,836	$4,848	0.57%
64	Southern California Bancorp	BCAL	346,000	$4,847	0.57%
65	Origin Bancorp Inc.	OBK	166,142	$4,797	0.56%
66	First Virginia Community Bank	FVCB	360,421	$4,617	0.54%
67	Bay Community Bancorp	072205107	592,316	$4,590	0.54%
68	United Bancorporation of Alabama, Inc.	UNTCW	117,699	$4,520	0.53%
69	PacWest Bancorp	695263103	564,497	$4,465	0.52%
70	Traditions Bancorp, Inc.	89269L102	252,235	$4,414	0.52%
71	South Atlantic Bancshares, Inc.	83636T104	430,078	$4,382	0.51%
72	Dime Community Bancshares, Inc	25432X102	217,777	$4,347	0.51%
73	First Reliance Bancshares, Inc.	33615Q100	591,584	$4,259	0.50%
74	United Security Bankshares	UNTCW	564,227	$4,198	0.49%
75	Oregon Pacific Bancorp	686040205	621,386	$4,163	0.49%
76	Hanover Bancorp Inc.	HNVR	228,440	$4,132	0.48%
77	River City Bank	76803X106	21,617	$4,085	0.48%
78	First National Corporation	32106V107	223,120	$3,929	0.46%
79	Pinnacle Bank	72346K107	275,528	$3,761	0.44%
80	First Community Corporation	319835104	210,269	$3,631	0.43%
81	First Capital Bancshares, Inc.	FCAP	428,396	$3,470	0.41%
82	Oak Valley Bancorp	671807105	138,280	$3,468	0.41%
83	Equity Bancshares, Inc.	EQBK	138,292	$3,329	0.39%
84	Foresight Financial Group, Inc.	FGFH	142,598	$3,294	0.39%
85	1st Capital Bancorp	319427100	325,058	$3,290	0.39%
86	Community Heritage Financial Inc.	20370L103	206,558	$3,284	0.39%
87	SouthPoint Bancshares, Inc.	844647107	109,704	$3,236	0.38%
88	Silvercrest Asset Management Group Inc.	828359109	203,286	$3,226	0.38%
89	CoastalSouth Bancshares, Inc.	COSO	214,258	$3,165	0.37%
90	1st Colonial Bancorp	319716106	253,644	$3,158	0.37%
91	Coastal Carolina Bancshares, Inc.	CCNB	311,992	$2,933	0.34%
92	Sterling Bancorp, Inc.	85917W102	502,061	$2,932	0.34%
93	Commencement Bancorp, Inc.	20051D107	278,560	$2,911	0.34%
94	Northway Financial, Inc.	667270201	155,038	$2,682	0.31%
95	White River Bancshares Company	WRIV	41,565	$2,668	0.31%
96	USCB Financial Holdings Inc.	USCB	253,730	$2,667	0.31%
97	Grand River Commerce, Inc.	386441109	675,014	$2,498	0.29%
98	Mission Valley Bancorp	60520E104	188,542	$2,396	0.28%
99	ES Bancshares, Inc.	296049109	410,045	$2,317	0.27%
100	Blueharbor Bank	095613105	121,283	$2,304	0.27%
101	Tri City Bankshares Corporation	895364107	171,041	$2,288	0.27%
102	Peoples Bancorp	PEBO	11,434	$2,287	0.27%
103	Five Star Bancorp	FSBC	113,600	$2,279	0.27%
104	Malaga Financial Corporation	561046103	98,385	$2,238	0.26%
105	McHenry Bancorp, Inc.	580683209	60,000	$2,205	0.26%
106	Codorus Valley Bancorp, Inc.	192025104	113,186	$2,110	0.25%
107	MVB Financial Corp.	553810102	89,567	$2,022	0.24%
108	WEX Inc.	WEX	9,955	$1,872	0.22%
109	The Bancorp, Inc.	TBBK	54,092	$1,866	0.22%
110	W.T.B. Financial Corporation	929334209	6,292	$1,692	0.20%
111	FB Financial Corp.	30257X104	58,789	$1,667	0.20%
112	Pinnacle Bankshares Corporation	72345E102	83,043	$1,599	0.19%
113	Pacific West Bancorp	69506J102	145,715	$1,545	0.18%
114	BayFirst Financial Corp.	BAFN	133,593	$1,500	0.18%
115	FSBH Corp	33650R104	196,250	$1,493	0.18%
116	Bank of Botetourt	063907208	49,824	$1,470	0.17%
117	Cornerstone Financial Corporation	21925G201	150,000	$1,410	0.17%
118	Bancorp 34, Inc.	BCTF	142,857	$1,357	0.16%
119	Cashmere Valley Bank	14756K102	29,387	$1,305	0.15%
120	Peoples Bancorp Inc.	PEBO	51,081	$1,296	0.15%
121	Chino Commercial Bancorp	16957L102	105,452	$1,155	0.14%
122	CNB Corporation	12612R105	14,348	$1,076	0.13%
123	First Bancshares, Inc.	318916103	38,677	$1,043	0.12%
124	Oak Ridge Financial Services, Inc.	671768109	61,364	$951	0.11%
125	Riverview Bancorp, Inc.	RVSB	158,344	$880	0.10%
126	BCB Bancorp, Inc.	BCBP	76,496	$852	0.10%
127	Community First Bancorporation	203916101	113,744	$796	0.09%
128	i3 Verticals, Inc.	IIIV	35,300	$746	0.09%
129	Bank of the James Financial Group, Inc.	470299108	68,443	$719	0.08%
130	Capital Bancorp, Inc.	CBNK	37,122	$710	0.08%
131	Studio Bank	864001102	74,074	$689	0.08%
132	Virginia National Bankshares Corp.	928031103	21,808	$662	0.08%
133	Crystal Valley Financial	22941P100	11,100	$657	0.08%
134	Village Bank and Trust Financial Corp.	92705T200	14,381	$656	0.08%
135	Summit Bank Group, Inc.	86603R100	59,301	$655	0.08%
136	QNB Corp.	QNBC	27,637	$642	0.08%
137	Bridgewater Bancshares, Inc.	BWBBP	63,009	$597	0.07%
138	First Commonwealth	319829107	48,625	$594	0.07%
139	Eagle Financial Services Inc.	26951R104	17,470	$557	0.07%
140	Potomac Bancshares, Inc.	737643106	33,492	$549	0.06%
141	First Farmers and Merchants Corporation	320148109	20,092	$538	0.06%
142	Live Oak Bancshares	LOB-PA	12,750	$369	0.04%
143	Community Bancorp of Santa Maria	20344R103	36,600	$355	0.04%
144	nCino, Inc.	NCNO	9,260	$294	0.03%
145	Open Lending Corporation	LPRO	34,220	$250	0.03%
146	AMB Financial Corp.	001984103	10,762	$210	0.02%
147	Shift4 Payments	82452J109	2,880	$159	0.02%
148	InBankshares, Corp	45332V105	16,643	$125	0.01%
149	Payoneer Global Inc	PAYO	13,700	$84	0.01%