Q3 2025 · 13F-HR
BANC FUNDS CO LLCholdings as filed
Filed 2025-11-14 · accession 0001029311-25-000015
$572.0M
Reported value
111
Positions
2025-09-30
Period end
The Brief · BANC FUNDS CO LLC · Q3 2025
AI · grounded in 13F
BANC FUNDS CO LLC established a new position in Unity Bancorp, Inc. UNTY valued at $21.6M. The fund also initiated new stakes in Old Second Bancorp, Inc. OSBC for $17.4M and Avidbank Holdings, Inc. AVBH for $17.3M. Additional new positions include Private Bancorp of America, Inc. PBAM and American Business Bank AMBZ.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 913290102 | UNTY | Unity Bancorp, Inc. | $21.6M | 3.77% | 441,218 | Common | SOLE |
| 680277100 | OSBC | Old Second Bancorp, Inc. | $17.4M | 3.04% | 1,006,378 | Common | SOLE |
| 05368J103 | AVBH | Avidbank Holdings, Inc. | $17.3M | 3.02% | 677,719 | Common | SOLE |
| 74274F100 | PBAM | Private Bancorp of America, Inc. | $16.6M | 2.90% | 280,502 | Common | SOLE |
| 02475L105 | AMBZ | American Business Bank | $15.8M | 2.76% | 289,029 | Common | SOLE |
| 31788B108 | FNBT | FineMark Holdings, Inc. | $15.6M | 2.73% | 385,165 | Common | SOLE |
| 84252A106 | BCAL | California BanCorp. | $13.9M | 2.44% | 835,480 | Common | SOLE |
| 952170108 | WCCB | West Coast Community Bancorp | $12.8M | 2.23% | 301,055 | Common | SOLE |
| 31931U102 | FRBA | First Bank | $12.6M | 2.21% | 776,059 | Common | SOLE |
| 56064Y100 | MNSB | MainStreet Bancshares, Inc. | $11.9M | 2.09% | 573,373 | Common | SOLE |
| 88224Q107 | TCBI | Texas Capital Bancshares, Inc. | $11.3M | 1.97% | 133,205 | Common | SOLE |
| 591774104 | MCB | Metropolitan Bank Holding Corp. | $11.0M | 1.92% | 146,736 | Common | SOLE |
| 58844R108 | MBIN | Merchants Bancorp | $10.8M | 1.89% | 340,690 | Common | SOLE |
| 05990K106 | BANC | Banc of California, Inc. | $10.2M | 1.78% | 615,764 | Common | SOLE |
| 30257X104 | FBK | FB Financial Corp. | $9.9M | 1.74% | 178,496 | Common | SOLE |
| 319390100 | FBIZ | First Business Financial Services, Inc. | $9.9M | 1.73% | 193,524 | Common | SOLE |
| 33751L105 | MYFW | First Western Financial, Inc. | $9.5M | 1.67% | 414,629 | Common | SOLE |
| 74167B109 | FRST | Primis Financial Corporation | $9.4M | 1.64% | 892,422 | Common | SOLE |
| 19623P101 | CBAN | Colony Bankcorp Inc. | $9.2M | 1.61% | 540,245 | Common | SOLE |
| 842873101 | SFST | Southern First Bancshares, Inc. | $9.1M | 1.59% | 205,874 | Common | SOLE |
| 095825105 | BRBS | Blue Ridge Bankshares, Inc. | $9.1M | 1.59% | 2,144,949 | Common | SOLE |
| 020810107 | ALPIB | Alpine Banks of Colorado | $8.7M | 1.52% | 275,198 | Common | SOLE |
| 704699107 | PGC | Peapack-Gladstone Financial Corporation | $8.7M | 1.52% | 315,099 | Common | SOLE |
| 46134L105 | ISTR | Investar Holding Corporation | $8.6M | 1.51% | 371,102 | Common | SOLE |
| 319383204 | BUSE | First Busey Corporation | $7.7M | 1.34% | 331,729 | Common | SOLE |
| 624004107 | MCBI | Mountain Commerce Bancorp | $7.3M | 1.28% | 356,864 | Common | SOLE |
| 587376104 | MBWM | Mercantile Bank Corporation | $7.2M | 1.26% | 160,252 | Common | SOLE |
| 83190L208 | SMBK | SmartFinancial, Inc. | $7.2M | 1.25% | 200,587 | Common | SOLE |
| 58958P104 | MRBK | Meridian Bank | $7.2M | 1.25% | 452,838 | Common | SOLE |
| 89679E300 | TFIN | Triumph Bancorp, Inc. | $7.0M | 1.22% | 139,845 | Common | SOLE |
| 88422P109 | TCBX | Third Coast Bancshares | $6.8M | 1.19% | 179,383 | Common | SOLE |
| 126128107 | CCNE | CNB Financial Corporation | $6.6M | 1.15% | 271,776 | Common | SOLE |
| 12326C105 | BFST | Business First Bancshares, Inc. | $6.4M | 1.11% | 269,264 | Common | SOLE |
| 33767U107 | FSUN | FirstSun Capital Bancorp | $6.3M | 1.10% | 162,705 | Common | SOLE |
| 01446U103 | ALRS | Alerus Financial Corporation | $6.3M | 1.09% | 282,453 | Common | SOLE |
| 68417L107 | OBT | Orange County Bancorp, Inc. | $6.2M | 1.09% | 247,853 | Common | SOLE |
| 320557101 | INBK | First Internet Bancorp | $6.2M | 1.08% | 276,396 | Common | SOLE |
| 20786W107 | CNOB | ConnectOne Bancorp, Inc. | $6.0M | 1.05% | 241,186 | Common | SOLE |
| 59540G107 | MPB | Mid Penn Bank | $6.0M | 1.04% | 207,982 | Common | SOLE |
| 06652N107 | BSVN | Bank7 Corp | $5.9M | 1.04% | 128,519 | Common | SOLE |
| 335925103 | FNRN | First Northern Community Bancorp | $5.4M | 0.94% | 423,238 | Common | SOLE |
| 923451108 | VBTX | Veritex Holdings, Inc. | $5.3M | 0.93% | 157,895 | Common | SOLE |
| 911460103 | UBFO | United Security Bankshares | $5.0M | 0.87% | 536,316 | Common | SOLE |
| 74179A107 | BPRN | Princeton Bancorp, Inc. | $4.9M | 0.86% | 153,926 | Common | SOLE |
| 76803X106 | RCBC | River City Bank | $4.8M | 0.85% | 12,559 | Common | SOLE |
| 06654A103 | BWFG | Bankwell Financial Group, Inc. | $4.8M | 0.84% | 108,423 | Common | SOLE |
| 864001102 | STBK | Studio Bank | $4.8M | 0.84% | 425,956 | Common | SOLE |
| 31941G101 | FCPB | First Capital Bancshares, Inc. | $4.2M | 0.73% | 360,816 | Common | SOLE |
| 190435107 | CCNB | Coastal Carolina Bancshares, Inc. | $4.1M | 0.72% | 329,002 | Common | SOLE |
| 96445A108 | WRIV | White River Bancshares Company | $4.1M | 0.72% | 89,000 | Common | SOLE |
| 686040205 | ORPB | Oregon Pacific Bancorp | $4.0M | 0.69% | 384,086 | Common | SOLE |
| 20370L103 | CMHF | Community Heritage Financial Inc. | $4.0M | 0.69% | 130,258 | Common | SOLE |
| 174903104 | CZWI | Citizens Community Bancorp, Inc. | $4.0M | 0.69% | 246,286 | Common | SOLE |
| 825107105 | SHBI | Shore Bancshares, Inc. | $3.9M | 0.69% | 239,894 | Common | SOLE |
| 170386106 | COFS | ChoiceOne Financial Services, Inc. | $3.9M | 0.69% | 135,435 | Common | SOLE |
| 74164R107 | PMHG | Prime Meridian Holding Company | $3.9M | 0.68% | 76,418 | Common | SOLE |
| 866264203 | SSBI | Summit State Bank | $3.8M | 0.67% | 323,108 | Common | SOLE |
| 53578P105 | LNKB | LinkBancorp | $3.8M | 0.67% | 537,657 | Common | SOLE |
| 32026V104 | FFWM | First Foundation Inc. | $3.6M | 0.63% | 642,158 | Common | SOLE |
| 33615Q100 | FSRL | First Reliance Bancshares, Inc. | $3.5M | 0.62% | 350,913 | Common | SOLE |
| 82620P102 | BSRR | Sierra Bancorp | $3.5M | 0.61% | 121,424 | Common | SOLE |
| 023576101 | AMTB | Amerant Bancorp Inc. | $3.3M | 0.57% | 170,000 | Common | SOLE |
| 83636T104 | SABK | South Atlantic Bancshares, Inc. | $3.2M | 0.55% | 179,496 | Common | SOLE |
| 33830T103 | FSBC | Five Star Bancorp | $3.1M | 0.54% | 95,919 | Common | SOLE |
| 410709109 | HNVR | Hanover Bancorp Inc. | $3.1M | 0.54% | 136,929 | Common | SOLE |
| 86603R100 | SBKO | Summit Bank Group, Inc. | $3.0M | 0.53% | 190,501 | Common | SOLE |
| 69360N108 | PSBQ | PSB Holdings, Inc. | $3.0M | 0.53% | 118,094 | Common | SOLE |
| 25432X102 | DCOM | Dime Community Bancshares, Inc. | $2.9M | 0.51% | 97,948 | Common | SOLE |
| 02933K103 | ARBV | American Riviera Bancorp | $2.9M | 0.51% | 133,989 | Common | SOLE |
| 095613105 | BLHK | Blueharbor Bank | $2.9M | 0.50% | 96,602 | Common | SOLE |
| 317585404 | FISI | Financial Institutions, Inc. | $2.8M | 0.49% | 104,000 | Common | SOLE |
| 36120Q101 | FVCB | FVCBankcorp Inc. | $2.8M | 0.49% | 214,088 | Common | SOLE |
| 26951R104 | EFSI | Eagle Financial Services Inc. | $2.5M | 0.43% | 65,000 | Common | SOLE |
| 90944R100 | UBAB | United Bancorporation of Alabama, Inc. | $2.4M | 0.42% | 43,474 | Common | SOLE |
| 386441109 | GNRV | Grand River Commerce, Inc. | $2.4M | 0.41% | 588,403 | Common | SOLE |
| 844647107 | SOUB | SouthPoint Bancshares, Inc. | $2.2M | 0.38% | 102,414 | Common | SOLE |
| 90355N101 | USCB | USCB Financial Holdings Inc. | $2.2M | 0.38% | 125,419 | Common | SOLE |
| 05970V106 | BCTF | Bancorp 34, Inc. | $2.2M | 0.38% | 162,857 | Common | SOLE |
| 084680107 | BBT | Beacon Financial Corporation | $2.0M | 0.36% | 86,206 | Common | SOLE |
| 25660B103 | DSBX | Dogwood State Bank | $1.9M | 0.33% | 79,721 | Common | SOLE |
| 19058X207 | COSO | CoastalSouth Bancshares, Inc. | $1.9M | 0.33% | 85,715 | Common | SOLE |
| 108621103 | BWB | Bridgewater Bancshares, Inc. | $1.8M | 0.31% | 101,479 | Common | SOLE |
| 07279B104 | BAFN | BayFirst Financial Corp. | $1.8M | 0.31% | 169,772 | Common | SOLE |
| 05969A105 | TBBK | The Bancorp, Inc. | $1.8M | 0.31% | 23,592 | Common | SOLE |
| 20051D107 | CBWA | Commencement Bancorp, Inc. | $1.7M | 0.30% | 130,720 | Common | SOLE |
| 69506J102 | PWBK | Pacific West Bancorp | $1.6M | 0.28% | 135,715 | Common | SOLE |
| 60520E104 | MVLY | Mission Valley Bancorp | $1.6M | 0.28% | 100,117 | Common | SOLE |
| 75970E107 | RNST | Renasant Corporation | $1.5M | 0.27% | 41,875 | Common | SOLE |
| 29260B109 | EDVR | Endeavor Bancorp | $1.5M | 0.27% | 101,072 | Common | SOLE |
| 32106V107 | FXNC | First National Corporation | $1.5M | 0.26% | 65,880 | Common | SOLE |
| 72345E102 | PPBN | Pinnacle Bankshares Corporation | $1.4M | 0.25% | 37,464 | Common | SOLE |
| 345526107 | FGFH | Foresight Financial Group, Inc. | $1.3M | 0.22% | 38,418 | Common | SOLE |
| 30137P106 | — | F&M Bank Corp | $1.2M | 0.21% | 47,100 | Common | SOLE |
| 30325F101 | FSBH | FSBH Corp (was First Southern Bank) | $1.2M | 0.21% | 135,250 | Common | SOLE |
| 426927109 | XHC | Heritage Commerce Corp | $1.2M | 0.21% | 121,539 | Common | SOLE |
| 319835104 | FCCO | First Community Corporation | $1.2M | 0.20% | 41,317 | Common | SOLE |
| 453836108 | INDB | Independent Bank Corp. | $1.1M | 0.20% | 16,449 | Common | SOLE |
| 72346K107 | PBNK | Pinnacle Bank | $1.1M | 0.19% | 53,514 | Common | SOLE |
| 124411109 | BY | Byline Bancorp, Inc. | $1.1M | 0.19% | 39,157 | Common | SOLE |
| 895364107 | TRCY | Tri City Bankshares Corporation | $1.1M | 0.19% | 65,076 | Common | SOLE |
| 553810102 | MVBF | MVB Financial Corp. | $878,203 | 0.15% | 35,044 | Common | SOLE |
| 561046103 | MLGF | Malaga Financial Corporation | $847,253 | 0.15% | 41,269 | Common | SOLE |
| 835126103 | SOME | Somerset Trust Holding Company | $699,441 | 0.12% | 11,787 | Common | SOLE |
| 12612R105 | CNBW | CNB Corporation | $667,840 | 0.12% | 8,348 | Common | SOLE |
| 063907208 | BORT | Bank of Botetourt | $643,656 | 0.11% | 16,504 | Common | SOLE |
| 440407104 | HBNC | Horizon Bancorp | $560,350 | 0.10% | 35,000 | Common | SOLE |
| 737643106 | PTBS | Potomac Bancshares, Inc. | $516,319 | 0.09% | 27,420 | Common | SOLE |
| 404111106 | HBT | HBT Financial, Inc. | $463,756 | 0.08% | 18,403 | Common | SOLE |
| 139737100 | CBNK | Capital Bancorp, Inc. | $459,360 | 0.08% | 14,400 | Common | SOLE |
| 53803X105 | LOB | Live Oak Bancshares | $364,527 | 0.06% | 10,350 | Common | SOLE |
| 320148109 | FFMH | First Farmers and Merchants Corporation | $116,333 | 0.02% | 2,629 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.