Banc Funds 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
1st Capital Bank	Common	31944C107	232	20,422	SH		SOLE		20,422	0	0
1st Colonial Bancorp	Common	319716106	708	111,824	SH		SOLE		111,824	0	0
1st Constitution Bancorp	Common	31986N102	4,914	464,467	SH		SOLE		464,467	0	0
Access National Corporation	Common	004337101	1,992	139,664	SH		SOLE		139,664	0	0
Ameriana Bancorp	Common	023613102	172	13,354	SH		SOLE		13,354	0	0
American Business Bank	Common	02475L105	2,956	102,637	SH		SOLE		102,637	0	0
American Equity Investment Life Holding	Common	025676206	817	38,500	SH		SOLE		38,500	0	0
American Homes 4 Rent	Common	02665T306	21,996	1,362,000	SH		SOLE		1,362,000	0	0
American River Bankshares	Common	029326105	1,906	216,548	SH		SOLE		216,548	0	0
Ameris Bancorp	Common	03076K108	1,481	80,551	SH		SOLE		80,551	0	0
Auburn National Bancorporation, Inc.	Common	050473107	2,486	101,874	SH		SOLE		101,874	0	0
Banc of California, Inc.	Common	05990K106	6,110	441,762	SH		SOLE		441,762	0	0
BancorpSouth, Inc.	Common	059692103	562	28,200	SH		SOLE		28,200	0	0
Bank Kentucky Financial	Common	062896105	7,358	269,442	SH		SOLE		269,442	0	0
Bank of Commerce Holdings	Common	06424J103	3,342	582,218	SH		SOLE		582,218	0	0
Bank of Marin Bancorp	Common	063425102	17,297	416,283	SH		SOLE		416,283	0	0
Banner Corporation	Common	06652V208	20,198	529,308	SH		SOLE		529,308	0	0
Bar Harbor Bankshares	Common	066849100	5,709	155,183	SH		SOLE		155,183	0	0
Baraboo Bancorporation, Inc.	Common	067021105	503	245,315	SH		SOLE		245,315	0	0
Baylake Corp.	Common	072788102	1,368	129,100	SH		SOLE		129,100	0	0
Beneficial Mutual Bancorp, Inc.	Common	08173R104	2,863	287,158	SH		SOLE		287,158	0	0
Blackhawk Bancorp, Inc.	Common	09237E204	1,147	127,494	SH		SOLE		127,494	0	0
BNC Bancorp	Common	05566T101	12,695	951,665	SH		SOLE		951,665	0	0
Boston Private Financial Holdings, Inc.	Common	101119105	31,459	2,836,663	SH		SOLE		2,836,663	0	0
Bridge Bancorp Inc.	Common	108035106	720	33,494	SH		SOLE		33,494	0	0
Bridge Capital Holdings	Common	108030107	6,730	396,323	SH		SOLE		396,323	0	0
Bryn Mawr Bank Corporation	Common	117665109	7,719	286,210	SH		SOLE		286,210	0	0
BSB Bancorp, Inc.	Common	05573H108	6,881	491,140	SH		SOLE		491,140	0	0
Cambridge Bancorp	Common	132152109	14,537	378,950	SH		SOLE		378,950	0	0
Capital Bank Financial Corp.	Common	139794507	12,304	560,524	SH		SOLE		560,524	0	0
Cardinal Financial Corporation	Common	14149F109	2,100	127,030	SH		SOLE		127,030	0	0
Carolina Trust Bank	Common	144200102	538	183,592	SH		SOLE		183,592	0	0
CBOE Holdings - sold short	Common	12503M958	3	30	SH	Put	SOLE		0	0	30
CBOE Holdings	Common	12503M108	452	10,000	SH		SOLE		10,000	0	0
Center Bancorp, Inc.	Common	151408101	1,023	71,850	SH		SOLE		71,850	0	0
Centerstate Banks of Florida, Inc.	Common	15201P109	12,200	1,260,332	SH		SOLE		1,260,332	0	0
Central Pacific Financial Corp.	Common	154760409	13,390	756,499	SH		SOLE		756,499	0	0
Central Valley Community Bancorp	Common	155685100	8,047	792,834	SH		SOLE		792,834	0	0
Centrix Bank & Trust	Common	15640A101	3,195	125,300	SH		SOLE		125,300	0	0
Century Bancorp, Inc.	Common	156432106	2,889	86,688	SH		SOLE		86,688	0	0
CFS Bancorp, Inc.	Common	12525D102	2,755	248,627	SH		SOLE		248,627	0	0
Charter Financial Corporation	Common	16122W108	2,907	269,137	SH		SOLE		269,137	0	0
Chemical Financial Corp.	Common	163731102	2,792	100,000	SH		SOLE		100,000	0	0
Chicopee Bancorp, Inc.	Common	168565109	2,390	135,730	SH		SOLE		135,730	0	0
City National Corp.	Common	178566105	7,408	111,132	SH		SOLE		111,132	0	0
Clifton Savings Bancorp Inc.	Common	18712Q103	1,172	94,600	SH		SOLE		94,600	0	0
CNB Financial Corporation	Common	126128107	2,779	163,000	SH		SOLE		163,000	0	0
CoBiz Financial Inc.	Common	190897108	22,759	2,356,004	SH		SOLE		2,356,004	0	0
Codorus Valley Bancorp, Inc.	Common	192025104	5,153	286,290	SH		SOLE		286,290	0	0
Columbia Banking System, Inc.	Common	197236102	4,950	200,396	SH		SOLE		200,396	0	0
CommerceWest Bank	Common	20084T103	5,001	370,444	SH		SOLE		370,444	0	0
Community Bankers Trust Corporation	Common	203612106	2,046	555,865	SH		SOLE		555,865	0	0
ConnectOne Bancorp, Inc.	Common	20786U101	2,282	65,000	SH		SOLE		65,000	0	0
Cornerstone Bancshares, Inc.	Common	218924108	954	389,406	SH		SOLE		389,406	0	0
Cornerstone Financial	Common	21925G102	303	101,071	SH		SOLE		101,071	0	0
CU Bancorp	Common	126534106	14,584	799,102	SH		SOLE		799,102	0	0
CVB Financial Corp.	Common	126600105	8,877	656,608	SH		SOLE		656,608	0	0
DCB Financial Corp	Common	233075100	2,201	415,328	SH		SOLE		415,328	0	0
Diamond Hill Investment Group, Inc.	Common	25264R207	4,202	39,288	SH		SOLE		39,288	0	0
DNB Financial Corporation	Common	233237106	1,926	91,889	SH		SOLE		91,889	0	0
Eagle Bancorp, Inc.	Common	268948106	26,326	930,569	SH		SOLE		930,569	0	0
Eagle Financial Services Inc.	Common	26951R104	1,025	43,141	SH		SOLE		43,141	0	0
Eastern Virginia Bankshares, Inc.	Common	277196101	2,480	406,593	SH		SOLE		406,593	0	0
Enterprise Bancorp, Inc.	Common	293668109	3,543	187,361	SH		SOLE		187,361	0	0
Enterprise Financial Services Corp	Common	293712105	25,618	1,515,878	SH		SOLE		1,515,878	0	0
ESSA Bancorp, Inc.	Common	29667D104	1,212	116,286	SH		SOLE		116,286	0	0
F.N.B. Corporation	Common	302520101	503	41,461	SH		SOLE		41,461	0	0
Farmers National Banc Corp.	Common	309627107	1,797	284,713	SH		SOLE		284,713	0	0
Fauquier Bancshares, Inc.	Common	312059108	2,052	157,629	SH		SOLE		157,629	0	0
Fidelity Southern Corporation	Common	316394105	22,590	1,472,644	SH		SOLE		1,472,644	0	0
Financial Institutions, Inc.	Common	317585404	291	14,200	SH		SOLE		14,200	0	0
First Bancorp	Common	318910106	3,669	253,881	SH		SOLE		253,881	0	0
First Bancshares, Inc.	Common	318916103	2,800	200,000	SH		SOLE		200,000	0	0
First Business Financial Services	Common	319390100	9,825	301,000	SH		SOLE		301,000	0	0
First Capital Bancorp, Inc.	Common	319438107	565	141,514	SH		SOLE		141,514	0	0
First Citizens Bancorporation, Inc.	Common	319460101	7,696	11,859	SH		SOLE		11,859	0	0
First Community Corporation	Common	319835104	4,462	427,779	SH		SOLE		427,779	0	0
First Defiance Financial Corp.	Common	32006W106	2,069	88,463	SH		SOLE		88,463	0	0
First Financial Bancorp.	Common	320209109	319	21,000	SH		SOLE		21,000	0	0
First Financial Holdings, Inc.	Common	32023E105	4,712	85,423	SH		SOLE		85,423	0	0
First Financial Service Corporation	Common	32022D108	446	115,338	SH		SOLE		115,338	0	0
First Merchants Corp.	Common	320817109	13,622	786,024	SH		SOLE		786,024	0	0
First Midwest Bancorp, Inc.	Common	320867104	22,061	1,462,910	SH		SOLE		1,462,910	0	0
First National Corporation	Common	32106V107	2,043	343,324	SH		SOLE		343,324	0	0
First NBC Bank	Common	32115D106	11,668	478,583	SH		SOLE		478,583	0	0
First of Long Island Corp.	Common	320734106	6,386	164,373	SH		SOLE		164,373	0	0
First Security Group, Inc.	Common	336312202	6,198	2,980,000	SH		SOLE		2,980,000	0	0
First Southern Bancorp, Inc.	Common	33644N102	8,809	1,601,703	SH		SOLE		1,601,703	0	0
First United Bancorp	Common	33740N105	3,723	507,883	SH		SOLE		507,883	0	0
First Virginia Community Bank	Common	337480107	3,420	240,000	SH		SOLE		240,000	0	0
Firstbank Corporation	Common	33761G104	10,096	518,529	SH		SOLE		518,529	0	0
FNB Bancorp	Common	302515101	4,638	201,648	SH		SOLE		201,648	0	0
Fox Chase Bancorp, Inc.	Common	35137T108	669	38,429	SH		SOLE		38,429	0	0
Georgia-Carolina Bancshares, Inc.	Common	373145101	3,063	201,489	SH		SOLE		201,489	0	0
Glen Burnie Bancorp	Common	377407101	592	49,351	SH		SOLE		49,351	0	0
Greater Sacramento Bancorp	Common	39233Q109	2,813	180,345	SH		SOLE		180,345	0	0
Guaranty Bancorp	Common	40075T607	3,415	249,488	SH		SOLE		249,488	0	0
Hanmi Financial Corporation	Common	410495204	579	34,938	SH		SOLE		34,938	0	0
Heritage Bankshares, Inc.	Common	42721M101	1,348	99,824	SH		SOLE		99,824	0	0
Heritage Commerce Corp	Common	426927109	12,279	1,605,091	SH		SOLE		1,605,091	0	0
Heritage Financial Corporation	Common	42722X106	8,535	549,949	SH		SOLE		549,949	0	0
Heritage Financial Group	Common	42726X102	8,872	509,297	SH		SOLE		509,297	0	0
Heritage Oaks Bancorp	Common	42724R107	11,433	1,786,467	SH		SOLE		1,786,467	0	0
Hilltop Community Bancorp, Inc.	Common	43274N108	2,185	235,437	SH		SOLE		235,437	0	0
Hilltop Holdings Inc.	Common	432748101	4,209	227,532	SH		SOLE		227,532	0	0
Hingham Institution for Savings	Common	433323102	4,957	70,900	SH		SOLE		70,900	0	0
HopFed Bancorp, Inc.	Common	439734104	1,760	157,300	SH		SOLE		157,300	0	0
Hudson Valley Holding Corp.	Common	444172100	3,577	190,470	SH		SOLE		190,470	0	0
Iberiabank Corp	Common	450828108	6,800	131,004	SH		SOLE		131,004	0	0
Illini Corporation	Common	45177K206	992	24,700	SH		SOLE		24,700	0	0
Independent Bank Corporation	Common	453838609	3,750	375,000	SH		SOLE		375,000	0	0
Independent Bank Group, Inc	Common	45384B106	2,700	75,000	SH		SOLE		75,000	0	0
Intermountain Community Bancorp	Common	45881M308	3,793	248,742	SH		SOLE		248,742	0	0
Investors Bancorp Inc.	Common	46146P102	8,756	399,798	SH		SOLE		399,798	0	0
Kearny Financial Corp.	Common	487169104	366	35,800	SH		SOLE		35,800	0	0
Lake Shore Bancorp	Common	510700107	1,208	105,754	SH		SOLE		105,754	0	0
Lakeland Bancorp, Inc.	Common	511637100	1,336	118,799	SH		SOLE		118,799	0	0
Lakeland Financial Corporation	Common	511656100	3,177	97,292	SH		SOLE		97,292	0	0
Lender Processing Services, Inc.	Common	52602E102	2,029	61,000	SH		SOLE		61,000	0	0
Mackinac Financial Corporation	Common	554571109	4,809	528,509	SH		SOLE		528,509	0	0
MainSource Financial Group, Inc.	Common	56062Y102	3,317	218,389	SH		SOLE		218,389	0	0
Mayflower Bancorp, Inc.	Common	578321101	2,969	154,735	SH		SOLE		154,735	0	0
MB Financial, Inc.	Common	55264U108	23,863	845,921	SH		SOLE		845,921	0	0
Mercantile Bank Corporation	Common	587376104	14,223	653,053	SH		SOLE		653,053	0	0
Merchants Bancshares, Inc.	Common	588448100	701	24,217	SH		SOLE		24,217	0	0
Meridian Interstate Bancorp	Common	58964Q104	4,522	207,526	SH		SOLE		207,526	0	0
Metro Bancorp Inc.	Common	59161R101	8,317	395,856	SH		SOLE		395,856	0	0
MetroCorp Bancshares-TX	Common	591650106	2,156	156,900	SH		SOLE		156,900	0	0
Midsouth Bancorp, Inc.	Common	598039105	1,910	123,248	SH		SOLE		123,248	0	0
National Bank Holdings Corporation	Common	633707104	16,652	810,700	SH		SOLE		810,700	0	0
New Century Bancorp, Inc.	Common	64353M100	1,397	206,921	SH		SOLE		206,921	0	0
North Dallas Bank & Trust Co.	Common	659012108	3,620	74,487	SH		SOLE		74,487	0	0
North Valley Bancorp	Common	66304M204	1,081	57,191	SH		SOLE		57,191	0	0
Northeast Community Bancorp, Inc.	Common	664112109	2,813	416,800	SH		SOLE		416,800	0	0
Northfield Bancorp, Inc.	Common	66611T108	224	18,447	SH		SOLE		18,447	0	0
NorthWest Indiana Bancorp	Common	667516108	5,763	247,866	SH		SOLE		247,866	0	0
Oak Ridge Financial Services, Inc.	Common	671768109	92	21,675	SH		SOLE		21,675	0	0
Oak Valley Bancorp	Common	671807105	2,617	328,746	SH		SOLE		328,746	0	0
OBA Financial Services, Inc.	Common	67424G101	1,342	70,622	SH		SOLE		70,622	0	0
OceanFirst Financial Corp.	Common	675234108	3,565	210,826	SH		SOLE		210,826	0	0
Old Line Bancshares, Inc.	Common	67984M100	10,419	776,366	SH		SOLE		776,366	0	0
Old Point Financial Corporation	Common	680194107	651	50,054	SH		SOLE		50,054	0	0
Old Second Bancorp, Inc.	Common	680277100	1,891	332,250	SH		SOLE		332,250	0	0
Oregon Pacific Bancorp	Common	686040205	70	21,659	SH		SOLE		21,659	0	0
Orrstown Financial Services, Inc	Common	687380105	2,026	116,079	SH		SOLE		116,079	0	0
Pacific Continental Corporation	Common	69412V108	18,661	1,423,397	SH		SOLE		1,423,397	0	0
Pacific Mercantile Bancorp	Common	694552100	214	34,450	SH		SOLE		34,450	0	0
Pacific Premier Bancorp, Inc.	Common	69478X105	1,188	88,500	SH		SOLE		88,500	0	0
PacWest Bancorp	Common	695263103	22,841	666,108	SH		SOLE		666,108	0	0
Palmetto Bancshares, Inc.	Common	697062206	4,008	307,345	SH		SOLE		307,345	0	0
Park Sterling Corp.	Common	70086Y105	16,253	2,535,525	SH		SOLE		2,535,525	0	0
Parke Bancorp, Inc.	Common	700885106	2,114	240,472	SH		SOLE		240,472	0	0
Peapack-Gladstone Financial Corporation	Common	704699107	6,826	367,988	SH		SOLE		367,988	0	0
Peoples Bancorp of North Carolina, Inc.	Common	710577107	1,562	126,449	SH		SOLE		126,449	0	0
Pinnacle Financial Partners, Inc.	Common	72346Q104	1,220	40,929	SH		SOLE		40,929	0	0
Preferred Bank	Common	740367404	491	27,600	SH		SOLE		27,600	0	0
PSB Holdings	Common	69360W108	669	105,486	SH		SOLE		105,486	0	0
PSB Holdings, Inc.	Common	69360N108	4,040	135,763	SH		SOLE		135,763	0	0
Puget Sound Bank	Common	74531Y108	1,360	96,787	SH		SOLE		96,787	0	0
QCR Holdings, Inc.	Common	74727A104	6,490	408,461	SH		SOLE		408,461	0	0
QNB Corp.	Common	74726N107	3,386	138,487	SH		SOLE		138,487	0	0
Quaint Oak Bancorp	Common	74732T106	1,401	86,500	SH		SOLE		86,500	0	0
Renasant Corporation	Common	75970E107	3,819	140,542	SH		SOLE		140,542	0	0
Republic First Bancorp, Inc.	Common	760416107	2,377	745,000	SH		SOLE		745,000	0	0
River City Bank	Common	76803X106	577	5,659	SH		SOLE		5,659	0	0
Riverview Bancorp, Inc.	Common	769397100	3,299	1,254,464	SH		SOLE		1,254,464	0	0
Roma Financial Corp.	Common	77581P109	1,684	90,600	SH		SOLE		90,600	0	0
Royal Financial, Inc.	Common	78027P109	863	161,382	SH		SOLE		161,382	0	0
Salisbury Bancorp, Inc.	Common	795226109	590	22,606	SH		SOLE		22,606	0	0
Sandy Spring Bancorp Inc.	Common	800363103	19,475	837,999	SH		SOLE		837,999	0	0
SBT Bancorp, Inc.	Common	78391C106	1,717	68,660	SH		SOLE		68,660	0	0
Seacoast Banking Corporation of Florida	Common	811707306	9,417	4,339,571	SH		SOLE		4,339,571	0	0
Security California Bancorp	Common	81412M103	5,053	512,955	SH		SOLE		512,955	0	0
Sierra Bancorp	Common	82620P102	8,862	563,407	SH		SOLE		563,407	0	0
Silvercrest Asset Management Group Inc.	Common	828359109	940	69,000	SH		SOLE		69,000	0	0
Southcoast Financial Corporation	Common	84129R100	520	90,457	SH		SOLE		90,457	0	0
SouthCrest Financial Group, Inc.	Common	84129X107	1,370	251,400	SH		SOLE		251,400	0	0
Southeastern Bank Financial Corporation	Common	841584105	2,533	123,571	SH		SOLE		123,571	0	0
Southern First Bancshares, Inc.	Common	842873101	5,193	393,404	SH		SOLE		393,404	0	0
Southern National Bancorp of Virginia,Inc.	Common	843395104	7,442	772,012	SH		SOLE		772,012	0	0
Southwest Bancorp, Inc.	Common	844767103	15,968	1,078,164	SH		SOLE		1,078,164	0	0
State Bank Financial Corporation	Common	856190103	28,053	1,767,665	SH		SOLE		1,767,665	0	0
StellarOne Corporation	Common	85856G100	2,796	124,250	SH		SOLE		124,250	0	0
Sterling Financial Corporation	Common	859319303	3,581	125,000	SH		SOLE		125,000	0	0
Stifel Financial Corp.	Common	860630102	20,155	488,973	SH		SOLE		488,973	0	0
Stonegate Bank	Common	861811107	14,503	690,636	SH		SOLE		690,636	0	0
Suffolk Bancorp	Common	864739107	18,493	1,043,643	SH		SOLE		1,043,643	0	0
Summit State Bank	Common	866264203	402	43,000	SH		SOLE		43,000	0	0
SVB Financial Group	Common	78486Q101	6,098	70,600	SH		SOLE		70,600	0	0
SY Bancorp	Common	785060104	7,995	282,223	SH		SOLE		282,223	0	0
Texas Capital Bancshares, Inc.	Common	88224Q107	10,898	237,472	SH		SOLE		237,472	0	0
The First Bancorp, Inc.	Common	31866P102	1,915	115,000	SH		SOLE		115,000	0	0
Town and Country Financial Corporation	Common	892039108	803	75,355	SH		SOLE		75,355	0	0
TriCo Bancshares	Common	896095106	1,207	53,000	SH		SOLE		53,000	0	0
TriState Capital Holdings, Inc.	Common	89678F100	4,675	362,700	SH		SOLE		362,700	0	0
Umpqua Holdings Corporation	Common	904214103	324	20,000	SH		SOLE		20,000	0	0
Union First Market Bankshares Corp.	Common	90662P104	16,513	706,578	SH		SOLE		706,578	0	0
United Bancorp, Inc.	Common	90944L103	4,998	735,008	SH		SOLE		735,008	0	0
Unity Bancorp, Inc.	Common	913290102	2,287	306,628	SH		SOLE		306,628	0	0
Univest Corporation of Pennsylvania	Common	915271100	5,367	284,697	SH		SOLE		284,697	0	0
Valley Commerce Bancorp	Common	919518100	3,155	227,789	SH		SOLE		227,789	0	0
Valley Financial Corporation	Common	919629105	3,210	312,893	SH		SOLE		312,893	0	0
VantageSouth Bancshares, Inc.	Common	92209W105	1,062	200,000	SH		SOLE		200,000	0	0
ViewPoint Financial Group, Inc.	Common	92672A101	4,115	199,072	SH		SOLE		199,072	0	0
Virginia Commerce Bancorp, Inc.	Common	92778Q109	28,799	1,849,652	SH		SOLE		1,849,652	0	0
Virginia National Bank	Common	928028109	1,487	87,452	SH		SOLE		87,452	0	0
W.T.B. Financial Corporation	Common	929334209	5,976	38,246	SH		SOLE		38,246	0	0
Washington Banking Company	Common	937303105	10,759	765,230	SH		SOLE		765,230	0	0
WashingtonFirst Bankshares, Inc.	Common	940730104	726	55,841	SH		SOLE		55,841	0	0
Waterstone Financial, Inc.	Common	941888109	543	53,482	SH		SOLE		53,482	0	0
West Bancorporation, Inc.	Common	95123P106	4,258	308,578	SH		SOLE		308,578	0	0
Western Alliance Bancorporation	Common	957638109	860	45,412	SH		SOLE		45,412	0	0
Westfield Financial Inc.	Common	96008P104	177	25,000	SH		SOLE		25,000	0	0
Wintrust Financial Corporation	Common	97650W108	19,180	467,018	SH		SOLE		467,018	0	0
Yadkin Financial Corporation	Common	984305102	12,286	713,066	SH		SOLE		713,066	0	0