# EDGAR Filing Document

**Accession Number:** 0001444055
**File Stem:** 0001104659-23-004713
**Filing Date:** 2023-1
**Character Count:** 10536
**Document Hash:** c54495be679b8ae0f4a8d4e3a2ef42ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-004713.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001104659-23-004713

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230118

**EFFECTIVENESS DATE**: 20230119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JCSD Capital, LLC
- **CENTRAL INDEX KEY:** 0001444055
- **IRS NUMBER:** 320127991
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16516
- **FILM NUMBER:** 23535534

**BUSINESS ADDRESS:**
- **STREET 1:** 1981 N. BROADWAY BLVD.
- **STREET 2:** SUITE 270
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596
- **BUSINESS PHONE:** 925-838-0760

**MAIL ADDRESS:**
- **STREET 1:** 1981 N. BROADWAY BLVD.
- **STREET 2:** SUITE 270
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596

### 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:** JCSD Capital LLC<br>**Address:** 1981 N. Broadway Blvd.<br>Suite 270<br>Walnut Creek, CA 94596

**Form 13F File Number:** 028-16516

**CRD Number (if applicable):** 000163084

**SEC File Number (if applicable):** 801-107372

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:** Daniel J. Tachiera<br>**Title:** Chief Compliance Officer<br>**Phone:** 925-954-7207

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

/s/ Daniel J. Tachiera  Walnut Creek, CA  01-18-2023<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:** 67

**Form 13F Information Table Value Total:** $74704070

      (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 |
| ALLY Financial | common | 02005N100 |  | 2445 | 100 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALLY Financial Jan 20 2023 30 call | call | 02005N900 |  | 1500 | 200 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| ALLY Financial Jan 20 2023 32 put | put | 02005N950 |  | 302000 | 400 | PRN | Put | SOLE |  | 0 | 0 | 0 |
| Amerant Bancorp CL A | common | 023576101 |  | 2115797 | 78830 | SH |  | SOLE |  | 0 | 0 | 0 |
| Ameris Bancorp | common | 03076K108 |  | 1516965 | 32180 | SH |  | SOLE |  | 0 | 0 | 0 |
| Banc of California Inc | common | 05990K106 |  | 47790 | 3000 | SH |  | SOLE |  | 0 | 0 | 0 |
| Bancorp Inc Del | common | 05969A105 |  | 2838 | 100 | SH |  | SOLE |  | 0 | 0 | 0 |
| Bank of NT Butterfield  Son | common | G0772R208 |  | 2981 | 100 | SH |  | SOLE |  | 0 | 0 | 0 |
| Bay Community Bancorp | common | 072205107 |  | 1440000 | 160000 | SH |  | SOLE |  | 0 | 0 | 0 |
| Block Inc CL A | common | 852234103 |  | 6284 | 100 | SH |  | SOLE |  | 0 | 0 | 0 |
| Cadence Bank | common | 12740C103 |  | 1948140 | 79000 | SH |  | SOLE |  | 0 | 0 | 0 |
| Citigroup | common | 172967424 |  | 4523 | 100 | SH |  | SOLE |  | 0 | 0 | 0 |
| Citigroup Jan 20 2023 75 call | call | 172967904 |  | 50 | 100 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| CNB Finl Corp PA | common | 126128107 |  | 2699094 | 113455 | SH |  | SOLE |  | 0 | 0 | 0 |
| Coastal Financial Corp WA | common | 19046P209 |  | 3799129 | 79948 | SH |  | SOLE |  | 0 | 0 | 0 |
| Communities First Financial Corp | common | 20344D104 |  | 8932583 | 147646 | SH |  | SOLE |  | 0 | 0 | 0 |
| East West Bancorp Inc | common | 27579R104 |  | 1977000 | 30000 | SH |  | SOLE |  | 0 | 0 | 0 |
| FB Financial Corp | common | 30257X104 |  | 622512 | 17225 | SH |  | SOLE |  | 0 | 0 | 0 |
| Finwise Bancorp | common | 31813A109 |  | 93 | 10 | SH |  | SOLE |  | 0 | 0 | 0 |
| First Bancorp NC | common | 318910106 |  | 7876605 | 183861 | SH |  | SOLE |  | 0 | 0 | 0 |
| First Bancshares Inc MS | common | 318916103 |  | 4910302 | 153399 | SH |  | SOLE |  | 0 | 0 | 0 |
| First Business FINL SVCS Inc | common | 319390100 |  | 3655 | 100 | SH |  | SOLE |  | 0 | 0 | 0 |
| First Citizens Bancshares Inc Feb 17 2023 850 put | put | 31946M953 |  | 189300 | 20 | PRN | Put | SOLE |  | 0 | 0 | 0 |
| First Comwlth Finl Corp PA | common | 319829107 |  | 699 | 50 | SH |  | SOLE |  | 0 | 0 | 0 |
| First Internet Bancorp | common | 320557101 |  | 3496 | 144 | SH |  | SOLE |  | 0 | 0 | 0 |
| First Intst Bancsystem CL A | common | 32055Y201 |  | 7730 | 200 | SH |  | SOLE |  | 0 | 0 | 0 |
| First Northwest Bancorp | common | 335834107 |  | 1834107 | 119408 | SH |  | SOLE |  | 0 | 0 | 0 |
| Gateway Bank FSB | common | 36758P102 |  | 930000 | 3000000 | SH |  | SOLE |  | 0 | 0 | 0 |
| Goldman Sachs Group | common | 38141G104 |  | 1717 | 5 | SH |  | SOLE |  | 0 | 0 | 0 |
| Heritage Commerce Corp | common | 426927109 |  | 650 | 50 | SH |  | SOLE |  | 0 | 0 | 0 |
| Huntington Bancshares Inc Jan 20 2023 14 put | put | 446150954 |  | 35000 | 1000 | PRN | Put | SOLE |  | 0 | 0 | 0 |
| Lakeland Bancorp Inc | common | 511637100 |  | 1357062 | 77062 | SH |  | SOLE |  | 0 | 0 | 0 |
| Mainstreet Bancshares Inc | common | 56064Y100 |  | 1840098 | 66937 | SH |  | SOLE |  | 0 | 0 | 0 |
| Marqeta Inc CL A | common | 57142B104 |  | 611 | 100 | SH |  | SOLE |  | 0 | 0 | 0 |
| Mastercard Incorporated CL A | common | 57636Q104 |  | 194729 | 560 | SH |  | SOLE |  | 0 | 0 | 0 |
| McHenry Bancorp Inc. | common | 580683209 |  | 1732509 | 68209 | SH |  | SOLE |  | 0 | 0 | 0 |
| Metropolitan Bk Hldg | common | 591774104 |  | 3619939 | 61700 | SH |  | SOLE |  | 0 | 0 | 0 |
| NCINO Inc | common | 63947X101 |  | 264 | 10 | SH |  | SOLE |  | 0 | 0 | 0 |
| New York Cmnty Bancorp Inc | common | 649445103 |  | 460100 | 53500 | SH |  | SOLE |  | 0 | 0 | 0 |
| Nuvei Corporation | SUB VTG SHS | 67079A102 |  | 1474034 | 58010 | SH |  | SOLE |  | 0 | 0 | 0 |
| Pacific Premier Bancorp | common | 69478X105 |  | 424324 | 13445 | SH |  | SOLE |  | 0 | 0 | 0 |
| Pacwest Bancorp DEL Mar 17 2023 30 call | call | 695263903 |  | 3450 | 230 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| Paya Holdings Inc | common | 70434P103 |  | 519420 | 66000 | SH |  | SOLE |  | 0 | 0 | 0 |
| Paya Holdings Inc Jan 20 2023 6 call | call | 70434P903 |  | 26625 | 150 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| Payoneer Global Inc | common | 70451X104 |  | 1050787 | 192100 | SH |  | SOLE |  | 0 | 0 | 0 |
| Paysign Inc | common | 70451A104 |  | 794501 | 307946 | SH |  | SOLE |  | 0 | 0 | 0 |
| Paysign Inc Jan 20 2023 2.50 call | call | 70451A904 |  | 11800 | 590 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| PCB Bancorp | common | 69320M109 |  | 892567 | 50456 | SH |  | SOLE |  | 0 | 0 | 0 |
| Popular Inc | common | 733174700 |  | 2752280 | 41500 | SH |  | SOLE |  | 0 | 0 | 0 |
| Financial Select Sector SPDR ETF Jan 6 2023 37.50 call | call | 81369Y905 |  | 2500 | 5000 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| Financial Select Sector SPDR ETF Jan 6 2023 38.00 call | call | 81369Y905 |  | 3000 | 3000 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| Financial Select Sector SPDR ETF Jan 6 2023 39.00 call | call | 81369Y905 |  | 2500 | 5000 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| Financial Select Sector SPDR ETF Jun 16 2023 40.00 call | call | 81369Y905 |  | 219000 | 6000 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| Shift4 PMTS Inc CL A | common | 82452J109 |  | 1510613 | 27009 | SH |  | SOLE |  | 0 | 0 | 0 |
| Southern Sts Bancshares Inc | common | 843878307 |  | 3346273 | 115588 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SER TR S BK ETF | common | 78464A797 |  | 3408825 | 75500 | SH |  | SOLE |  | 0 | 0 | 0 |
| SVB Financial Group | common | 78486Q101 |  | 23014 | 100 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SER TR S REGL BKG Jan 6 2023 60 call | call | 78464A908 |  | 172500 | 5000 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| SPDR SER TR S REGL BKG Jan 6 2023 60.50 call | call | 78464A908 |  | 40000 | 2500 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| SPDR SER TR S REGL BKG Jan 20 2023 63 call | call | 78464A908 |  | 45000 | 2500 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| SPDR SER TR S REGL BKG Jan 20 2023 64 call | call | 78464A908 |  | 27500 | 2500 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| Triumph Financial Inc | common | 89679E300 |  | 2444 | 50 | SH |  | SOLE |  | 0 | 0 | 0 |
| United Community Banks Blairsvle GA | common | 90984P303 |  | 653523 | 19335 | SH |  | SOLE |  | 0 | 0 | 0 |
| US Metro Bank | common | 90343B102 |  | 4421456 | 1075780 | SH |  | SOLE |  | 0 | 0 | 0 |
| UWM Holdings Corp | common | 91823B109 |  | 318396 | 96192 | SH |  | SOLE |  | 0 | 0 | 0 |
| UWM Holdings Corp Jan 19 2024 3 call | call | 91823B909 |  | 81370 | 1030 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| Western Alliance Bancorp | common | 957638109 |  | 2056071 | 34521 | SH |  | SOLE |  | 0 | 0 | 0 |

---