# EDGAR Filing Document

**Accession Number:** 0001029311
**File Stem:** 0001567619-23-002418
**Filing Date:** 2023-2
**Character Count:** 20845
**Document Hash:** b4665b302153e7e8ee4fa9ebd34c35ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001567619-23-002418.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001567619-23-002418

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANC FUNDS CO LLC
- **CENTRAL INDEX KEY:** 0001029311
- **IRS NUMBER:** 364134318
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06701
- **FILM NUMBER:** 23614248

**BUSINESS ADDRESS:**
- **STREET 1:** 20 NORTH WACKER DRIVE
- **STREET 2:** SUITE 3300
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3128554067

**MAIL ADDRESS:**
- **STREET 1:** 20 NORTH WACKER DRIVE
- **STREET 2:** SUITE 3300
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANC FUND IV L P
- **DATE OF NAME CHANGE:** 19961218

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BANC FUNDS CO LLC<br>**Address:** 20 NORTH WACKER DRIVE<br>SUITE 3300<br>CHICAGO, IL 60606

**Form 13F File Number:** 028-06701

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Charles J. Moore<br>**Title:** Member<br>**Phone:** 3128554067

**Signature, Place, and Date of Signing:**

/s/ Charles J. Moore  Chicago, IL  02-10-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 166

**Form 13F Information Table Value Total:** $1132897

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 1st Capital Bancorp | Common | 319427100 |  | 4461 | 410761 | SH |  | SOLE |  | 410761 | 0 | 0 |
| 1st Colonial Bancorp | Common | 319716106 |  | 3635 | 259644 | SH |  | SOLE |  | 259644 | 0 | 0 |
| Alerus Financial Corporation | Common | 01446U103 |  | 13614 | 583022 | SH |  | SOLE |  | 583022 | 0 | 0 |
| Alpine Banks of Colorado | Common | 020810107 |  | 14390 | 436053 | SH |  | SOLE |  | 436053 | 0 | 0 |
| AMB Financial Corp. | Common | 001984103 |  | 226 | 10762 | SH |  | SOLE |  | 10762 | 0 | 0 |
| American Business Bank | Common | 02475L105 |  | 23827 | 598663 | SH |  | SOLE |  | 598663 | 0 | 0 |
| American National Bankshares Inc. | Common | 027745108 |  | 1387 | 37549 | SH |  | SOLE |  | 37549 | 0 | 0 |
| American Riviera Bancorp | Common | 02933K103 |  | 6820 | 401196 | SH |  | SOLE |  | 401196 | 0 | 0 |
| Avidbank Holdings Inc. | Common | 05368J103 |  | 13780 | 665697 | SH |  | SOLE |  | 665697 | 0 | 0 |
| Banc of California Inc. | Common | 05990K106 |  | 10791 | 677412 | SH |  | SOLE |  | 677412 | 0 | 0 |
| Bank of Botetourt | Common | 063907208 |  | 1415 | 49824 | SH |  | SOLE |  | 49824 | 0 | 0 |
| Bank of the James Financial Group Inc. | Common | 470299108 |  | 2257 | 189470 | SH |  | SOLE |  | 189470 | 0 | 0 |
| Bank7 Corp | Common | 06652N107 |  | 9856 | 385000 | SH |  | SOLE |  | 385000 | 0 | 0 |
| Bankwell Financial Group Inc. | Common | 06654A103 |  | 8141 | 276623 | SH |  | SOLE |  | 276623 | 0 | 0 |
| Bay Community Bancorp | Common | 072205107 |  | 5860 | 651106 | SH |  | SOLE |  | 651106 | 0 | 0 |
| BayFirst Financial Corp. | Common | 07279B104 |  | 2234 | 133593 | SH |  | SOLE |  | 133593 | 0 | 0 |
| BCB Bancorp Inc. | Common | 055298103 |  | 1376 | 76496 | SH |  | SOLE |  | 76496 | 0 | 0 |
| Blue Ridge Bankshares Inc. | Common | 095825105 |  | 14081 | 1127414 | SH |  | SOLE |  | 1127414 | 0 | 0 |
| Blueharbor Bank | Common | 095613105 |  | 2701 | 161283 | SH |  | SOLE |  | 161283 | 0 | 0 |
| Bridgewater Bancshares Inc. | Common | 108621103 |  | 1500 | 84568 | SH |  | SOLE |  | 84568 | 0 | 0 |
| Business First Bancshares Inc. | Common | 12326C105 |  | 10583 | 478003 | SH |  | SOLE |  | 478003 | 0 | 0 |
| Byline Bancorp Inc. | Common | 124411109 |  | 13068 | 568923 | SH |  | SOLE |  | 568923 | 0 | 0 |
| California BanCorp | Common | 13005U101 |  | 14851 | 624501 | SH |  | SOLE |  | 624501 | 0 | 0 |
| Cambridge Bancorp | Common | 132152109 |  | 7353 | 88528 | SH |  | SOLE |  | 88528 | 0 | 0 |
| Capital Bancorp Inc. | Common | 139737100 |  | 1156 | 49122 | SH |  | SOLE |  | 49122 | 0 | 0 |
| CapStar Financial Holdings Inc. | Common | 14070T102 |  | 5176 | 293081 | SH |  | SOLE |  | 293081 | 0 | 0 |
| Cashmere Valley Bank | Common | 14756K102 |  | 2193 | 48787 | SH |  | SOLE |  | 48787 | 0 | 0 |
| CCB Financial | Common | 19046P209 |  | 1759 | 37022 | SH |  | SOLE |  | 37022 | 0 | 0 |
| Centric Financial Corporation | Common | 15641J101 |  | 7078 | 470293 | SH |  | SOLE |  | 470293 | 0 | 0 |
| Chino Commercial Bancorp | Common | 16957L102 |  | 1593 | 115879 | SH |  | SOLE |  | 115879 | 0 | 0 |
| Citizens Community Bancorp Inc. | Common | 174903104 |  | 10530 | 875331 | SH |  | SOLE |  | 875331 | 0 | 0 |
| CNB Corporation | Common | 12612R105 |  | 679 | 14348 | SH |  | SOLE |  | 14348 | 0 | 0 |
| CNB Financial Corporation | Common | 126128107 |  | 11828 | 497188 | SH |  | SOLE |  | 497188 | 0 | 0 |
| Coastal Carolina Bancshares Inc. | Common | 190435107 |  | 3071 | 296992 | SH |  | SOLE |  | 296992 | 0 | 0 |
| CoastalSouth Bancshares Inc. | Common | 19058X207 |  | 3857 | 214258 | SH |  | SOLE |  | 214258 | 0 | 0 |
| Codorus Valley Bancorp Inc. | Common | 192025104 |  | 2716 | 114121 | SH |  | SOLE |  | 114121 | 0 | 0 |
| Colony Bankcorp Inc. | Common | 19623P101 |  | 14023 | 1105072 | SH |  | SOLE |  | 1105072 | 0 | 0 |
| Commencement Bancorp Inc. | Common | 20051D107 |  | 3141 | 272860 | SH |  | SOLE |  | 272860 | 0 | 0 |
| Community Bancorp of Santa Maria | Common | 20344R103 |  | 607 | 60100 | SH |  | SOLE |  | 60100 | 0 | 0 |
| Community Financial Corporation | Common | 20368X101 |  | 1067 | 26732 | SH |  | SOLE |  | 26732 | 0 | 0 |
| Community First Bancorporation | Common | 203916101 |  | 802 | 113744 | SH |  | SOLE |  | 113744 | 0 | 0 |
| Community Heritage Financial Inc. | Common | 20370L103 |  | 4106 | 206558 | SH |  | SOLE |  | 206558 | 0 | 0 |
| ConnectOne Bancorp Inc. | Common | 20786W107 |  | 15059 | 622006 | SH |  | SOLE |  | 622006 | 0 | 0 |
| Cornerstone Financial Corporation | Common | 21925G201 |  | 1658 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| CrossFirst Bankshares Inc. | Common | 22766M109 |  | 19735 | 1590289 | SH |  | SOLE |  | 1590289 | 0 | 0 |
| Crystal Valley Financial | Common | 22941P100 |  | 983 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| Dime Community Bancshares Inc | Common | 25432X102 |  | 6932 | 217777 | SH |  | SOLE |  | 217777 | 0 | 0 |
| Eagle Financial Services Inc. | Common | 26951R104 |  | 1676 | 46620 | SH |  | SOLE |  | 46620 | 0 | 0 |
| Enterprise Bancorp Inc. | Common | 293668109 |  | 9700 | 274776 | SH |  | SOLE |  | 274776 | 0 | 0 |
| Equity Bancshares Inc. | Common | 29460X109 |  | 4518 | 138292 | SH |  | SOLE |  | 138292 | 0 | 0 |
| ES Bancshares Inc. | Common | 296049109 |  | 1755 | 410045 | SH |  | SOLE |  | 410045 | 0 | 0 |
| FB Financial Corp. | Common | 30257X104 |  | 2751 | 76129 | SH |  | SOLE |  | 76129 | 0 | 0 |
| Fentura Financial Inc. | Common | 314645102 |  | 7729 | 348149 | SH |  | SOLE |  | 348149 | 0 | 0 |
| FineMark Holdings Inc. | Common | 31788B108 |  | 24634 | 828044 | SH |  | SOLE |  | 828044 | 0 | 0 |
| First Bancshares Inc. | Common | 318916103 |  | 4556 | 142318 | SH |  | SOLE |  | 142318 | 0 | 0 |
| First Bank | Common | 31931U102 |  | 17664 | 1283721 | SH |  | SOLE |  | 1283721 | 0 | 0 |
| First Business Financial Services | Common | 319390100 |  | 16765 | 458694 | SH |  | SOLE |  | 458694 | 0 | 0 |
| First Capital Bancshares Inc. | Common | 31941G101 |  | 2068 | 232396 | SH |  | SOLE |  | 232396 | 0 | 0 |
| First Citrus Bancorporation Inc. | Common | 31959T102 |  | 1787 | 37745 | SH |  | SOLE |  | 37745 | 0 | 0 |
| First Community Corporation | Common | 319835104 |  | 6939 | 317011 | SH |  | SOLE |  | 317011 | 0 | 0 |
| First Farmers and Merchants Corporation | Common | 320148109 |  | 1100 | 42538 | SH |  | SOLE |  | 42538 | 0 | 0 |
| First Foundation Inc. | Common | 32026V104 |  | 18643 | 1300971 | SH |  | SOLE |  | 1300971 | 0 | 0 |
| First Internet Bancorp | Common | 320557101 |  | 9461 | 389667 | SH |  | SOLE |  | 389667 | 0 | 0 |
| First National Corporation | Common | 32106V107 |  | 3822 | 223120 | SH |  | SOLE |  | 223120 | 0 | 0 |
| First Northern Community Bancorp | Common | 335925103 |  | 6675 | 824016 | SH |  | SOLE |  | 824016 | 0 | 0 |
| First Reliance Bancshares Inc. | Common | 33615Q100 |  | 5766 | 661227 | SH |  | SOLE |  | 661227 | 0 | 0 |
| First Southern Bank | Common | 33650R104 |  | 1776 | 196250 | SH |  | SOLE |  | 196250 | 0 | 0 |
| First Virginia Community Bank | Common | 36120Q101 |  | 2676 | 140310 | SH |  | SOLE |  | 140310 | 0 | 0 |
| First Western Financial Inc. | Common | 33751L105 |  | 20504 | 728386 | SH |  | SOLE |  | 728386 | 0 | 0 |
| FirstSun Capital Bancorp | Common | 33767U107 |  | 7924 | 217397 | SH |  | SOLE |  | 217397 | 0 | 0 |
| Five Star Bancorp | Common | 33830T103 |  | 3765 | 138200 | SH |  | SOLE |  | 138200 | 0 | 0 |
| Foresight Financial Group Inc. | Common | 345526107 |  | 4045 | 147098 | SH |  | SOLE |  | 147098 | 0 | 0 |
| Franklin Financial Services Corp. | Common | 353525108 |  | 3061 | 84796 | SH |  | SOLE |  | 84796 | 0 | 0 |
| Grand River Commerce Inc. | Common | 386441109 |  | 3610 | 656336 | SH |  | SOLE |  | 656336 | 0 | 0 |
| GrandSouth Bancorporation | Common | 386627301 |  | 71 | 1825 | SH |  | SOLE |  | 1825 | 0 | 0 |
| Hanover Bancorp Inc. | Common | 410710206 |  | 4087 | 200450 | SH |  | SOLE |  | 200450 | 0 | 0 |
| HBT Financial Inc. | Common | 404111106 |  | 18816 | 961494 | SH |  | SOLE |  | 961494 | 0 | 0 |
| Heritage Commerce Corp | Common | 426927109 |  | 7185 | 552721 | SH |  | SOLE |  | 552721 | 0 | 0 |
| i3 Verticals Inc. | Common | 46571Y107 |  | 859 | 35300 | SH |  | SOLE |  | 35300 | 0 | 0 |
| InBankshares Corp | Common | 45332V105 |  | 131 | 16643 | SH |  | SOLE |  | 16643 | 0 | 0 |
| Investar Holding Corporation | Common | 46134L105 |  | 12330 | 572699 | SH |  | SOLE |  | 572699 | 0 | 0 |
| John Marshall Bank | Common | 47805L101 |  | 386 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| Lakeland Bancorp Inc. | Common | 511637100 |  | 24798 | 1408192 | SH |  | SOLE |  | 1408192 | 0 | 0 |
| Lewis  Clark Bancorp | Common | 52757L109 |  | 26 | 729 | SH |  | SOLE |  | 729 | 0 | 0 |
| Limestone Bancorp Inc. | Common | 53262L105 |  | 9418 | 385678 | SH |  | SOLE |  | 385678 | 0 | 0 |
| LinkBancorp | Common | 53578P105 |  | 9387 | 1004000 | SH |  | SOLE |  | 1004000 | 0 | 0 |
| Live Oak Bancshares | Common | 53803X105 |  | 385 | 12750 | SH |  | SOLE |  | 12750 | 0 | 0 |
| MainStreet Bancshares Inc. | Common | 56064Y100 |  | 16807 | 611372 | SH |  | SOLE |  | 611372 | 0 | 0 |
| Malaga Financial Corporation | Common | 561046103 |  | 2264 | 98385 | SH |  | SOLE |  | 98385 | 0 | 0 |
| Malvern Bancorp Inc. | Common | 561409103 |  | 7659 | 431512 | SH |  | SOLE |  | 431512 | 0 | 0 |
| McHenry Bancorp Inc. | Common | 580683209 |  | 2105 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| Mercantile Bank Corporation | Common | 587376104 |  | 16511 | 493158 | SH |  | SOLE |  | 493158 | 0 | 0 |
| Merchants Bancorp | Common | 58844R108 |  | 12240 | 503300 | SH |  | SOLE |  | 503300 | 0 | 0 |
| Merchants Financial Group Inc. | Common | 588538108 |  | 8313 | 285684 | SH |  | SOLE |  | 285684 | 0 | 0 |
| Meridian Bank | Common | 58958P104 |  | 11036 | 364344 | SH |  | SOLE |  | 364344 | 0 | 0 |
| Metropolitan Bank Holding Corp. | Common | 591774104 |  | 11697 | 199364 | SH |  | SOLE |  | 199364 | 0 | 0 |
| Mid Penn Bank | Common | 59540G107 |  | 13781 | 459827 | SH |  | SOLE |  | 459827 | 0 | 0 |
| Mission Valley Bancorp | Common | 60520E104 |  | 2532 | 192542 | SH |  | SOLE |  | 192542 | 0 | 0 |
| Mountain Commerce Bancorp | Common | 624004107 |  | 15681 | 565095 | SH |  | SOLE |  | 565095 | 0 | 0 |
| MVB Financial Corp. | Common | 553810102 |  | 1888 | 85733 | SH |  | SOLE |  | 85733 | 0 | 0 |
| nCino Inc. | Common | 63947X101 |  | 245 | 9260 | SH |  | SOLE |  | 9260 | 0 | 0 |
| Northway Financial Inc. | Common | 667270201 |  | 3414 | 166138 | SH |  | SOLE |  | 166138 | 0 | 0 |
| Oak Ridge Financial Services Inc. | Common | 671768109 |  | 1293 | 66364 | SH |  | SOLE |  | 66364 | 0 | 0 |
| Oak Valley Bancorp | Common | 671807105 |  | 6027 | 266080 | SH |  | SOLE |  | 266080 | 0 | 0 |
| Old Second Bancorp Inc. | Common | 680277100 |  | 32903 | 2051310 | SH |  | SOLE |  | 2051310 | 0 | 0 |
| Open Lending Corporation | Common | 68373J104 |  | 231 | 34220 | SH |  | SOLE |  | 34220 | 0 | 0 |
| Orange County Bancorp | Common | 68417L107 |  | 22734 | 488069 | SH |  | SOLE |  | 488069 | 0 | 0 |
| Oregon Pacific Bancorp | Common | 686040205 |  | 4505 | 621386 | SH |  | SOLE |  | 621386 | 0 | 0 |
| Origin Bancorp Inc. | Common | 68621T102 |  | 6097 | 166142 | SH |  | SOLE |  | 166142 | 0 | 0 |
| Pacific Financial Corporation | Common | 694275108 |  | 384 | 35905 | SH |  | SOLE |  | 35905 | 0 | 0 |
| Pacific West Bancorp | Common | 69506J102 |  | 2043 | 185715 | SH |  | SOLE |  | 185715 | 0 | 0 |
| PacWest Bancorp | Common | 695263103 |  | 8110 | 353362 | SH |  | SOLE |  | 353362 | 0 | 0 |
| Paya Holdings Inc. | Common | 70434P103 |  | 670 | 85104 | SH |  | SOLE |  | 85104 | 0 | 0 |
| Payoneer Global Inc | Common | 70451X104 |  | 75 | 13700 | SH |  | SOLE |  | 13700 | 0 | 0 |
| Peapack-Gladstone Financial Corporation | Common | 704699107 |  | 27245 | 731999 | SH |  | SOLE |  | 731999 | 0 | 0 |
| Peoples Bancorp | Common | 70979X107 |  | 2287 | 11434 | SH |  | SOLE |  | 11434 | 0 | 0 |
| Pinnacle Bank | Common | 72346K107 |  | 3924 | 291318 | SH |  | SOLE |  | 291318 | 0 | 0 |
| Pinnacle Bankshares Corporation | Common | 72345E102 |  | 1352 | 70393 | SH |  | SOLE |  | 70393 | 0 | 0 |
| Potomac Bancshares Inc. | Common | 737643106 |  | 678 | 41492 | SH |  | SOLE |  | 41492 | 0 | 0 |
| Prime Meridian Holding Company | Common | 74164R107 |  | 5996 | 241776 | SH |  | SOLE |  | 241776 | 0 | 0 |
| Primis Financial Corporation | Common | 74167B109 |  | 19298 | 1628521 | SH |  | SOLE |  | 1628521 | 0 | 0 |
| Princeton Bancorp Inc. | Common | 74179A107 |  | 8965 | 282631 | SH |  | SOLE |  | 282631 | 0 | 0 |
| Private Bancorp of America Inc. | Common | 74274F100 |  | 9623 | 297097 | SH |  | SOLE |  | 297097 | 0 | 0 |
| Professional Holding Corp. | Common | 743139107 |  | 2761 | 99544 | SH |  | SOLE |  | 99544 | 0 | 0 |
| PSB Holdings Inc. | Common | 69360N108 |  | 6953 | 317506 | SH |  | SOLE |  | 317506 | 0 | 0 |
| QNB Corp. | Common | 74726N107 |  | 3331 | 126526 | SH |  | SOLE |  | 126526 | 0 | 0 |
| Republic First Bancorp Inc. | Common | 760416107 |  | 2157 | 1003081 | SH |  | SOLE |  | 1003081 | 0 | 0 |
| River City Bank | Common | 76803X106 |  | 5188 | 21617 | SH |  | SOLE |  | 21617 | 0 | 0 |
| Riverview Bancorp Inc. | Common | 769397100 |  | 1989 | 259007 | SH |  | SOLE |  | 259007 | 0 | 0 |
| Salisbury Bancorp Inc. | Common | 795226109 |  | 1572 | 50072 | SH |  | SOLE |  | 50072 | 0 | 0 |
| Santa Cruz County Bank | Common | 801827106 |  | 15092 | 602467 | SH |  | SOLE |  | 602467 | 0 | 0 |
| Shift4 Payments | Common | 82452J109 |  | 161 | 2880 | SH |  | SOLE |  | 2880 | 0 | 0 |
| Shore Bancshares Inc. | Common | 825107105 |  | 6947 | 398586 | SH |  | SOLE |  | 398586 | 0 | 0 |
| Sierra Bancorp | Common | 82620P102 |  | 9058 | 426478 | SH |  | SOLE |  | 426478 | 0 | 0 |
| Signature Bank | Common | 82669G104 |  | 1060 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| Silvercrest Asset Management Group Inc. | Common | 828359109 |  | 3816 | 203286 | SH |  | SOLE |  | 203286 | 0 | 0 |
| Silvergate Capital Corporation | Common | 82837P408 |  | 267 | 15320 | SH |  | SOLE |  | 15320 | 0 | 0 |
| SmartFinancial Inc. | Common | 83190L208 |  | 16490 | 599648 | SH |  | SOLE |  | 599648 | 0 | 0 |
| South Atlantic Bancshares Inc. | Common | 83636T104 |  | 5849 | 430078 | SH |  | SOLE |  | 430078 | 0 | 0 |
| Southern BancShares (N.C.) Inc. | Common | 842243107 |  | 6936 | 1445 | SH |  | SOLE |  | 1445 | 0 | 0 |
| Southern California Bancorp | Common | 84252A106 |  | 8616 | 511960 | SH |  | SOLE |  | 511960 | 0 | 0 |
| Southern First Bancshares Inc. | Common | 842873101 |  | 19542 | 427153 | SH |  | SOLE |  | 427153 | 0 | 0 |
| Southern States Bancshares Inc. | Common | 843878307 |  | 14649 | 506022 | SH |  | SOLE |  | 506022 | 0 | 0 |
| SouthPoint Bancshares Inc. | Common | 844647107 |  | 3351 | 108704 | SH |  | SOLE |  | 108704 | 0 | 0 |
| Sterling Bancorp Inc. | Common | 85917W102 |  | 3058 | 502061 | SH |  | SOLE |  | 502061 | 0 | 0 |
| Studio Bank | Common | 86389R100 |  | 941 | 74074 | SH |  | SOLE |  | 74074 | 0 | 0 |
| Summit Bank Group Inc. | Common | 86603R100 |  | 863 | 61893 | SH |  | SOLE |  | 61893 | 0 | 0 |
| Summit State Bank | Common | 866264203 |  | 6752 | 427371 | SH |  | SOLE |  | 427371 | 0 | 0 |
| Surrey Bancorp | Common | 86888W105 |  | 376 | 15668 | SH |  | SOLE |  | 15668 | 0 | 0 |
| Texas Capital Bancshares Inc. | Common | 88224Q107 |  | 14740 | 244405 | SH |  | SOLE |  | 244405 | 0 | 0 |
| The Bancorp Inc. | Common | 05969A105 |  | 1535 | 54092 | SH |  | SOLE |  | 54092 | 0 | 0 |
| Third Coast Bancshares | Common | 88422P109 |  | 8918 | 483865 | SH |  | SOLE |  | 483865 | 0 | 0 |
| Traditions Bancorp Inc. | Common | 89269L102 |  | 4156 | 222235 | SH |  | SOLE |  | 222235 | 0 | 0 |
| Tri City Bankshares Corporation | Common | 895364107 |  | 2582 | 172141 | SH |  | SOLE |  | 172141 | 0 | 0 |
| Triumph Bancorp Inc. | Common | 89679E300 |  | 16196 | 331418 | SH |  | SOLE |  | 331418 | 0 | 0 |
| Two Rivers Financial Group Inc. | Common | 90206L106 |  | 2093 | 50428 | SH |  | SOLE |  | 50428 | 0 | 0 |
| United Bancorporation of Alabama Inc. | Common | 90944R100 |  | 4706 | 133700 | SH |  | SOLE |  | 133700 | 0 | 0 |
| United Security Bankshares | Common | 911460103 |  | 256 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| Unity Bancorp Inc. | Common | 913290102 |  | 25990 | 950967 | SH |  | SOLE |  | 950967 | 0 | 0 |
| USCB Financial Holdings Inc. | Common | 90355N101 |  | 3416 | 280000 | SH |  | SOLE |  | 280000 | 0 | 0 |
| Veritex Holdings Inc. | Common | 923451108 |  | 7020 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Village Bank and Trust Financial Corp. | Common | 92705T200 |  | 1188 | 22838 | SH |  | SOLE |  | 22838 | 0 | 0 |
| Virginia National Bankshares Corp. | Common | 928031103 |  | 1443 | 39357 | SH |  | SOLE |  | 39357 | 0 | 0 |
| W.T.B. Financial Corporation | Common | 929334209 |  | 3840 | 11257 | SH |  | SOLE |  | 11257 | 0 | 0 |
| WEX Inc. | Common | 96208T104 |  | 1629 | 9955 | SH |  | SOLE |  | 9955 | 0 | 0 |
| White River Bancshares Company | Common | 96445A108 |  | 3596 | 47565 | SH |  | SOLE |  | 47565 | 0 | 0 |

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