Fourthstone LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Fourthstone LLC reported 68 stock positions worth $512.1 million. Its top holding was Orrstown Finl Services (ORRF) at 11.0% of the portfolio, followed by California Bancorp (BCAL, 9.7%) and Shore Bancshares (SHBI, 9.2%). Compared with Q3 2024, it opened 18 new positions, sold out of 16, added to 27 and reduced 22. The biggest buy was Eagle Bancorp (EGBN, shares +383%) and the biggest sale Orrstown Finl Services (ORRF, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001767803
- Portfolio Value
- $512.1M (Q4 2024)
- SEC Filing
- 0001420506-25-000394 ↗ filed Feb 13, 2025
Holdings Value
Holdings 68 stocks · $512.1M
| ORRF Orrstown Finl Services Inc. | 10.95% | 1,531,975 | $56.1M | Reduce -15.4% |
| BCAL California Bancorp | 9.72% | 3,010,135 | $49.8M | Add +11.6% |
| SHBI Shore Bancshares Inc. | 9.19% | 2,968,891 | $47.1M | Reduce -10.8% |
| CWBC Community West Bancshares | 6.60% | 1,744,665 | $33.8M | Reduce -6.6% |
| EGBN Eagle Bancorp Inc. | 6.49% | 1,276,653 | $33.2M | Add +382.7% |
| BHRB Burke & Herbert Financial SE | 5.54% | 454,526 | $28.3M | Add +14.3% |
| CBAN Colony Bankcorp | 4.71% | 1,495,429 | $24.1M | Reduce -1.4% |
| FXNC First National Corp. | 4.03% | 896,591 | $20.6M | Add +42.9% |
| COFS Choiceone Financial SVCS Inc. | 3.31% | 476,103 | $17.0M | Add +34.3% |
| MRBK Meridian Corp. | 2.97% | 1,110,437 | $15.2M | Reduce -0.6% |
| FRAF Franklin Financial Services | 2.58% | 441,298 | $13.2M | Add +0.1% |
| FRST Primis Financial Corp. | 2.04% | 898,014 | $10.5M | Add +263.3% |
| BVFL BV Financial Inc. filed as BV FINL INC | 1.99% | 592,370 | $10.2M | Add +4.3% |
| CARE Carter Bankshares Inc. | 1.89% | 551,013 | $9.7M | Add +100.8% |
| FNWB First Northwest Bancorp | 1.85% | 928,503 | $9.5M | Reduce -1.4% |
| RVSB Riverview Bancorp Inc. | 1.85% | 1,654,141 | $9.5M | Reduce -7.4% |
| FUNC First United Corp. | 1.84% | 278,788 | $9.4M | Reduce -36.8% |
| OPOF Old Point Financial Corp. | 1.75% | 344,620 | $9.0M | Add +322.4% |
| FISI Financial Institutions Inc. | 1.70% | 318,254 | $8.7M | Add +1463.9% |
| WNEB Western New England Bancorp | 1.64% | 910,788 | $8.4M | Add +18.3% |
| FCCO First Community Corp. | 1.53% | 326,393 | $7.8M | Reduce -18.4% |
| CHMG Chemung Financial Corp. | 1.51% | 158,652 | $7.7M | Reduce -49.3% |
| EBMT Eagle Bancorp Montana Inc. | 1.35% | 451,237 | $6.9M | Reduce -13.3% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.86% | 155,171 | $4.4M | New |
| CZWI Citizens Community Bancorp I | 0.84% | 263,742 | $4.3M | Add +145.8% |
| FNWD Finward Bancorp | 0.69% | 125,565 | $3.5M | Reduce -8.7% |
| CBNK Capital Bancorp Inc. | 0.69% | 123,178 | $3.5M | Add +138.9% |
| FBLA FB Bancorp Inc. | 0.68% | 293,755 | $3.5M | New |
| BWFG Bankwell Financial Group Inc. | 0.64% | 105,585 | $3.3M | Add +307.5% |
| UBFO United Security Bancshare | 0.63% | 321,245 | $3.2M | Add +87.3% |
| BWB Bridgewater Bancshares Inc. | 0.56% | 211,408 | $2.9M | New |
| KRNY Kearny Financial Corp. | 0.52% | 377,431 | $2.7M | Add +439.2% |
| BOTJ Bank of the James Financial | 0.50% | 161,046 | $2.6M | Add +73.0% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 0.40% | 178,000 | $2.0M | New |
| PEBK Peoples Bancorp of NC | 0.37% | 61,243 | $1.9M | Add +203.6% |
| FCAP First Capital Inc. | 0.36% | 56,546 | $1.8M | New |
| PBHC Pathfinder Bancorp Inc. | 0.30% | 88,300 | $1.5M | Add +10.8% |
| MNSB Mainstreet Bancshares Inc. | 0.30% | 83,985 | $1.5M | Add +7.5% |
| PROV Provident Financial Hldgs | 0.28% | 90,080 | $1.4M | Add +30.5% |
| FBIZ First Business Financial Ser | 0.27% | 30,239 | $1.4M | Add +254.8% |
| CNOB Connectone Bancorp Inc. | 0.26% | 57,700 | $1.3M | New |
| FVCB Fvcbankcorp Inc. | 0.25% | 100,702 | $1.3M | Reduce -4.1% |
| FDSB Fifth District Bancorp Inc. | 0.25% | 99,814 | $1.3M | Reduce -2.2% |
| BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP | 0.24% | 51,200 | $1.2M | Reduce -39.9% |
| OVBC Ohio Valley Banc Corp. filed as OHIO VY BANC CORP | 0.24% | 50,132 | $1.2M | Add +195.1% |
| FFWM First Foundation Inc. | 0.23% | 188,145 | $1.2M | New |
| COLB Columbia Banking System Inc. | 0.20% | 37,035 | $1.0M | Add +47.0% |
| VLY Valley National Bancorp | 0.19% | 110,100 | $998K | Reduce -11.3% |
| PFC Premier Financial Corp. | 0.19% | 38,909 | $995K | New |
| LNKB Linkbancorp Inc. | 0.18% | 125,525 | $939K | Reduce -71.7% |
| MCB Metropolitan Bank Holding Co. | 0.18% | 15,702 | $917K | Reduce -25.4% |
| PDLB Ponce Financial Group Inc. | 0.17% | 67,983 | $884K | New |
| AUBN Auburn Natl Bancorporation | 0.17% | 37,034 | $870K | New |
| SRBK Sr Bancorp Inc. | 0.14% | 59,284 | $706K | Reduce -12.6% |
| WBS Webster Financial Corp. | 0.12% | 10,800 | $596K | Reduce -86.8% |
| PKBK Parke Bancorp Inc. | 0.11% | 27,057 | $555K | Add +0.4% |
| TFC Truist Financial Corp. | 0.10% | 12,000 | $521K | New |
| OZK Bank Ozk | 0.10% | 11,500 | $512K | New |
| WSBF Waterstone Financial Inc. | 0.10% | 37,511 | $504K | New |
| FFIC Flushing Financial Corp. | 0.10% | 35,000 | $500K | No change |
| PVBC Provident Bancorp Inc. | 0.10% | 43,686 | $498K | New |
| MYFW First Western Financial Inc. | 0.10% | 24,972 | $488K | New |
| FRBA First Bank/Hamilton NJ | 0.09% | 34,100 | $480K | Add +160.6% |
| LARK Landmark Bancorp Inc. | 0.09% | 19,397 | $466K | New |
| SSBK Southern States Bancshares | 0.07% | 10,476 | $349K | New |
| MVBF MVB Financial Corp. | 0.07% | 16,553 | $343K | New |
| FGBI First Guaranty Bancshares Inc. | 0.04% | 16,892 | $192K | Reduce -50.9% |
| OPHC Optimumbank Holdings Inc. | 0.02% | 25,301 | $120K | Reduce -64.2% |
Portfolio Sells Q3 2024 → Q4 2024
| ORRF Orrstown Finl Services Inc. | Reduce -15.4% | 10.95% | −3.57 |
| FSUN Firstsun Capital Bancorp | Sold out | 0.00% | −3.09 |
| CHMG Chemung Financial Corp. | Reduce -49.3% | 1.51% | −1.84 |
| CWBC Community West Bancshares | Reduce -6.6% | 6.60% | −1.42 |
| BRBS Blue Ridge Bankshares Inc. | Sold out | 0.00% | −1.24 |
| SHBI Shore Bancshares Inc. | Reduce -10.8% | 9.19% | −1.19 |
| FSFG First Savings Financial Grp | Sold out | 0.00% | −1.14 |
| FUNC First United Corp. | Reduce -36.8% | 1.84% | −1.10 |
| WBS Webster Financial Corp. | Reduce -86.8% | 0.12% | −0.74 |
| MOFG Midwestone Financial Group I | Sold out | 0.00% | −0.64 |
| CBAN Colony Bankcorp | Reduce -1.4% | 4.71% | −0.53 |
| EBMT Eagle Bancorp Montana Inc. | Reduce -13.3% | 1.35% | −0.48 |
| LNKB Linkbancorp Inc. | Reduce -71.7% | 0.18% | −0.45 |
| FNWB First Northwest Bancorp | Reduce -1.4% | 1.85% | −0.40 |
| FCCO First Community Corp. | Reduce -18.4% | 1.53% | −0.38 |
| OPBK Op Bancorp | Sold out | 0.00% | −0.32 |
| FNWD Finward Bancorp | Reduce -8.7% | 0.69% | −0.29 |
| SFST Southern First Bancshares | Sold out | 0.00% | −0.26 |
| BFST Business First Bancshares | Sold out | 0.00% | −0.26 |
| HUDSON PAC PPTYS INC | Sold out | 0.00% | −0.23 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −0.23 |
| HANOVER BANCORP INC/NY | Sold out | 0.00% | −0.20 |
| MRBK Meridian Corp. | Reduce -0.6% | 2.97% | −0.17 |
| BMRC Bank of Marin Bancorp | Reduce -39.9% | 0.24% | −0.14 |
| PLBC Plumas Bancorp | Sold out | 0.00% | −0.12 |
| HWC Hancock Whitney Corp. | Sold out | 0.00% | −0.12 |
| WSBC Wesbanco Inc. | Sold out | 0.00% | −0.11 |
| CIVB Civista Bancshares Inc. | Sold out | 0.00% | −0.10 |
| CBFV CB Financial Services Inc. | Sold out | 0.00% | −0.08 |
| MCB Metropolitan Bank Holding Co. | Reduce -25.4% | 0.18% | −0.07 |
| OVLY Oak Valley Bancorp | Sold out | 0.00% | −0.07 |
| FVCB Fvcbankcorp Inc. | Reduce -4.1% | 0.25% | −0.06 |
| VLY Valley National Bancorp | Reduce -11.3% | 0.19% | −0.06 |
| OPHC Optimumbank Holdings Inc. | Reduce -64.2% | 0.02% | −0.05 |
| FGBI First Guaranty Bancshares Inc. | Reduce -50.9% | 0.04% | −0.04 |
| SRBK Sr Bancorp Inc. | Reduce -12.6% | 0.14% | −0.03 |
| RVSB Riverview Bancorp Inc. | Reduce -7.4% | 1.85% | −0.03 |
| FDSB Fifth District Bancorp Inc. | Reduce -2.2% | 0.25% | +0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| EGBN Eagle Bancorp Inc. | Add +382.7% | 6.49% | +5.16 |
| FXNC First National Corp. | Add +42.9% | 4.03% | +1.58 |
| FISI Financial Institutions Inc. | Add +1463.9% | 1.70% | +1.58 |
| OPOF Old Point Financial Corp. | Add +322.4% | 1.75% | +1.40 |
| FRST Primis Financial Corp. | Add +263.3% | 2.04% | +1.37 |
| COFS Choiceone Financial SVCS Inc. | Add +34.3% | 3.31% | +0.87 |
| BBT Beacon Financial Corp. | New | 0.86% | +0.86 |
| BCAL California Bancorp | Add +11.6% | 9.72% | +0.84 |
| CARE Carter Bankshares Inc. | Add +100.8% | 1.89% | +0.83 |
| FBLA FB Bancorp Inc. | New | 0.68% | +0.68 |
| BWB Bridgewater Bancshares Inc. | New | 0.56% | +0.56 |
| CZWI Citizens Community Bancorp I | Add +145.8% | 0.84% | +0.50 |
| BWFG Bankwell Financial Group Inc. | Add +307.5% | 0.64% | +0.47 |
| KRNY Kearny Financial Corp. | Add +439.2% | 0.52% | +0.41 |
| MCHB Mechanics Bancorp Class A | New | 0.40% | +0.40 |
| CBNK Capital Bancorp Inc. | Add +138.9% | 0.69% | +0.39 |
| FCAP First Capital Inc. | New | 0.36% | +0.36 |
| UBFO United Security Bancshare | Add +87.3% | 0.63% | +0.29 |
| PEBK Peoples Bancorp of NC | Add +203.6% | 0.37% | +0.26 |
| CNOB Connectone Bancorp Inc. | New | 0.26% | +0.26 |
| FFWM First Foundation Inc. | New | 0.23% | +0.23 |
| BOTJ Bank of the James Financial | Add +73.0% | 0.50% | +0.21 |
| PFC Premier Financial Corp. | New | 0.19% | +0.19 |
| FBIZ First Business Financial Ser | Add +254.8% | 0.27% | +0.19 |
| WNEB Western New England Bancorp | Add +18.3% | 1.64% | +0.18 |
| PDLB Ponce Financial Group Inc. | New | 0.17% | +0.17 |
| AUBN Auburn Natl Bancorporation | New | 0.17% | +0.17 |
| OVBC Ohio Valley Banc Corp. | Add +195.1% | 0.24% | +0.15 |
| BHRB Burke & Herbert Financial SE | Add +14.3% | 5.54% | +0.13 |
| TFC Truist Financial Corp. | New | 0.10% | +0.10 |
| OZK Bank Ozk | New | 0.10% | +0.10 |
| WSBF Waterstone Financial Inc. | New | 0.10% | +0.10 |
| PVBC Provident Bancorp Inc. | New | 0.10% | +0.10 |
| MYFW First Western Financial Inc. | New | 0.10% | +0.10 |
| LARK Landmark Bancorp Inc. | New | 0.09% | +0.09 |
| SSBK Southern States Bancshares | New | 0.07% | +0.07 |
| MVBF MVB Financial Corp. | New | 0.07% | +0.07 |
| PROV Provident Financial Hldgs | Add +30.5% | 0.28% | +0.06 |
| BVFL BV Financial Inc. | Add +4.3% | 1.99% | +0.05 |
| FRBA First Bank/Hamilton NJ | Add +160.6% | 0.09% | +0.05 |
| COLB Columbia Banking System Inc. | Add +47.0% | 0.20% | +0.05 |
| PBHC Pathfinder Bancorp Inc. | Add +10.8% | 0.30% | +0.02 |
| PKBK Parke Bancorp Inc. | Add +0.4% | 0.11% | −0.02 |
| MNSB Mainstreet Bancshares Inc. | Add +7.5% | 0.30% | −0.02 |
| FRAF Franklin Financial Services | Add +0.1% | 2.58% | −0.38 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $140.5M | AVBH, FNRN, EFSI, MRBK, FNWB |
| Q1 2026 | 62 | $590.0M | CBAN, CARE, CWBC, AVBH, COSO |
| Q4 2025 | 54 | $534.4M | ORRF, CBAN, CWBC, AVBH, CARE |
| Q3 2025 | 83 | $557.6M | ORRF, COFS, CWBC, AVBH, BCAL |
| Q2 2025 | 98 | $509.7M | ORRF, BCAL, COFS, CWBC, FISI |
| Q1 2025 | 75 | $403.4M | ORRF, COFS, BCAL, CWBC, FXNC |
| Q4 2024 | 68 | $512.1M | ORRF, BCAL, SHBI, CWBC, EGBN |
| Q3 2024 | 66 | $448.8M | ORRF, SHBI, BCAL, CWBC, BHRB |
| Q2 2024 | 46 | $314.1M | SHBI, CWBC, BCAL, CVLY, CHMG |
| Q1 2024 | 29 | $307.0M | SHBI, CWBC, BCAL, CVLY, CHMG |