BANC FUNDS CO LLC Q4 2019 Filing

Filed February 12, 2020

Portfolio Value

$1.4M

Holdings

211

Report Date

Q4 2019

Filing Type

13F-HR

All Holdings (211 positions)

#	Stock	Shares	Value	% Portfolio
1	PGCPeapack-Gladstone Financial Corporation	1,114,214	$34K	2.40%
2	—TriState Capital Holdings, Inc.	1,263,006	$33K	2.30%
3	SFSTSouthern First Bancshares, Inc.	738,654	$31K	2.19%
4	OSBCOld Second Bancorp, Inc.	2,175,763	$29K	2.04%
5	MBWMMercantile Bank Corporation	787,536	$29K	2.00%
6	SD2Sandy Spring Bancorp Inc.	731,755	$28K	1.93%
7	LBAIUSDLakeland Bancorp, Inc.	1,498,027	$26K	1.81%
8	FFWMFirst Foundation Inc.	1,464,601	$25K	1.78%
9	VBTXVeritex Holdings, Inc.	753,755	$22K	1.53%
10	—Southern National Bancorp of Virginia,Inc.	1,340,319	$22K	1.53%
11	BPFHBoston Private Financial Holdings, Inc.	1,772,893	$21K	1.49%
12	—SB One Bancorp	843,148	$21K	1.46%
13	TFINTriumph Bancorp, Inc.	515,781	$20K	1.37%
14	UTBUnity Bancorp, Inc.	856,568	$19K	1.35%
15	CSFLUSDCenterState Bank Corporation	766,323	$19K	1.33%
16	FBIZFirst Business Financial Services	721,785	$19K	1.32%
17	—First Choice Bancorp	680,759	$18K	1.28%
18	FBMSUSDFirst Bancshares, Inc.	509,778	$18K	1.26%
19	WTBFBW.T.B. Financial Corporation	45,035	$17K	1.20%
20	FRBAFirst Bank	1,516,264	$17K	1.17%
21	—Allegiance Bancshares, Inc.	437,758	$16K	1.15%
22	—Level One Bancorp, Inc.	639,406	$16K	1.12%
23	ISTRInvestar Holding Corporation	657,394	$16K	1.10%
24	CNOBConnectOne Bancorp, Inc.	612,793	$16K	1.10%
25	—Codorus Valley Bancorp, Inc.	677,485	$16K	1.09%
26	CFBCrossFirst Bankshares, Inc.	1,072,389	$15K	1.08%
27	OBKOrigin Bancorp Inc.	406,064	$15K	1.07%
28	MNSBMainStreet Bancshares, Inc.	647,941	$15K	1.04%
29	BYByline Bancorp, Inc.	749,865	$15K	1.02%
30	SMBKSmartFinancial, Inc.	582,643	$14K	0.96%
31	—Spirit of Texas Bancshares, Inc.	588,100	$14K	0.94%
32	—1st Constitution Bancorp	601,656	$13K	0.93%
33	BFSTBusiness First Bancshares, Inc.	525,149	$13K	0.91%
34	BWFGBankwell Financial Group, Inc.	433,180	$12K	0.87%
35	—Cambridge Bancorp	152,370	$12K	0.85%
36	—Malvern Bancorp, Inc.	516,142	$12K	0.83%
37	AVBHAvidbank Holdings, Inc.	473,004	$12K	0.82%
38	—Suncrest Bank	992,383	$12K	0.81%
39	MRBKMeridian Bank	559,964	$11K	0.79%
40	PBAMPrivate Bancorp of America, Inc.	507,909	$11K	0.79%
41	HBTHBT Financial, Inc.	584,114	$11K	0.77%
42	EBTCEnterprise Bancorp, Inc.	317,955	$11K	0.75%
43	AMBZAmerican Business Bank	298,376	$11K	0.74%
44	QCRHQCR Holdings, Inc.	241,261	$11K	0.74%
45	SBG1Seacoast Banking Corporation of Florida	337,445	$10K	0.72%
46	SHBIShore Bancshares, Inc.	576,916	$10K	0.70%
47	MYFWFirst Western Financial, Inc.	603,207	$10K	0.69%
48	—Bank of Southern California, N. A.	771,465	$10K	0.69%
49	MVBFMVB Financial Corp.	380,475	$9K	0.66%
50	BPRNUSDBank of Princeton	296,521	$9K	0.65%
51	SYU1Synovus Financial Corp.	236,320	$9K	0.65%
52	MCBMetropolitan Bank Holding Corp.	186,592	$9K	0.63%
53	FRBKQRepublic First Bancorp, Inc.	2,145,576	$9K	0.62%
54	—Dime Community Bancshares, Inc.	427,600	$9K	0.62%
55	—Revere Bank	223,617	$9K	0.61%
56	CCNECNB Financial Corporation	255,737	$8K	0.58%
57	MBINMerchants Bancorp	418,298	$8K	0.57%
58	—California BanCorp	408,136	$8K	0.57%
59	—Pacific Mercantile Bancorp	998,884	$8K	0.56%
60	FNRNFirst Northern Community Bancorp	697,889	$8K	0.56%
61	MCBIMountain Commerce Bancorp	362,453	$8K	0.56%
62	CBNABridge Bancorp Inc.	237,689	$8K	0.56%
63	EGBNEagle Bancorp, Inc.	163,777	$8K	0.55%
64	SBNCSouthern BancShares (N.C.), Inc.	2,066	$8K	0.55%
65	EQBKEquity Bancshares, Inc.	255,397	$8K	0.55%
66	—County Bancorp, Inc.	307,385	$8K	0.55%
67	PSBQPSB Holdings, Inc.	283,763	$8K	0.54%
68	MFGIMerchants Financial Group, Inc.	104,849	$8K	0.54%
69	—Centric Financial Corporation	781,006	$8K	0.53%
70	CZWICitizens Community Bancorp, Inc.	597,825	$7K	0.51%
71	—Northway Financial, Inc.	216,442	$7K	0.51%
72	BSRRSierra Bancorp	243,383	$7K	0.49%
73	SAMGSilvercrest Asset Management Group Inc.	552,858	$7K	0.48%
74	—Iberiabank Corp	92,806	$7K	0.48%
75	WBBWWestbury Bancorp, Inc.	242,670	$7K	0.48%
76	—Fentura Financial, Inc.	273,270	$7K	0.48%
77	—American Riviera Bank	336,640	$7K	0.46%
78	TCFCUSDCommunity Financial Corporation	179,532	$6K	0.44%
79	—Pacific Financial Corporation	496,266	$6K	0.44%
80	OVLYOak Valley Bancorp	321,850	$6K	0.44%
81	—Limestone Bancorp, Inc.	344,846	$6K	0.43%
82	—Bank of Commerce Holdings	518,866	$6K	0.42%
83	QNBCQNB Corp.	155,223	$6K	0.42%
84	—TGR Financial, Inc.	468,518	$6K	0.42%
85	—Reliant Bancorp, Inc.	263,364	$6K	0.41%
86	—Santa Cruz County Bank	110,807	$6K	0.41%
87	WSBFWaterstone Financial, Inc.	300,221	$6K	0.40%
88	—Bay Banks of Virginia, Inc.	631,403	$5K	0.38%
89	—Riverview Financial Corporation	431,816	$5K	0.38%
90	OBTOrange County Bancorp	183,378	$5K	0.38%
91	BCBPBCB Bancorp, Inc.	389,860	$5K	0.37%
92	FGFHForesight Financial Group, Inc.	139,524	$5K	0.35%
93	—Community Bank of the Bay	695,207	$5K	0.35%
94	WSBCWesBanco, Inc.	131,104	$5K	0.35%
95	—FineMark Holdings, Inc.	197,100	$5K	0.34%
96	ALRSAlerus Financial Corporation	215,000	$5K	0.34%
97	INBKFirst Internet Bancorp	207,209	$5K	0.34%
98	—York Traditions Bank	242,499	$5K	0.34%
99	SBTEURSterling Bancorp, Inc.	598,689	$5K	0.34%
100	ABCBAmeris Bancorp	113,281	$5K	0.34%

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