Fourthstone LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Fourthstone LLC reported 98 stock positions worth $509.7 million. Its top holding was Orrstown Finl Services (ORRF) at 7.9% of the portfolio, followed by California Bancorp (BCAL, 6.8%) and Choiceone Financial SVCS (COFS, 6.4%). Compared with Q1 2025, it opened 32 new positions, sold out of 9, added to 49 and reduced 17. The biggest buy was First Community (FCCO, shares +194%) and the biggest sale Orrstown Finl Services (ORRF, shares −28%).

Most Recent 13F
Q2 2026
Location
ST LOUIS, MO
CIK
0001767803
Portfolio Value
$509.7M (Q2 2025)
SEC Filing
0001420506-25-002125 ↗ filed Aug 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $307.0M Q1 2024 Q2 2024: $314.1M Q2 2024 Q3 2024: $448.8M Q3 2024 Q4 2024: $512.1M Q4 2024 Q1 2025: $403.4M Q1 2025 Q2 2025: $509.7M $509.7M Q2 2025 Q3 2025: $557.6M Q3 2025 Q4 2025: $534.4M Q4 2025 Q1 2026: $590.0M Q1 2026 Q2 2026: $140.5M Q2 2026

Holdings 98 stocks · $509.7M

ORRF Orrstown Finl Services Inc. 7.86% 1,258,740 $40.1M Reduce -28.4%
BCAL California Bancorp 6.77% 2,189,671 $34.5M Reduce -9.1%
COFS Choiceone Financial SVCS Inc. 6.44% 1,142,959 $32.8M Reduce -15.7%
CWBC Community West Bancshares 6.02% 1,573,924 $30.7M Reduce -12.3%
FISI Financial Institutions Inc. 4.27% 846,661 $21.7M Add +54.8%
FXNC First National Corp. 3.16% 828,313 $16.1M Reduce -4.2%
MRBK Meridian Corp. 2.74% 1,084,319 $14.0M Add +40.4%
FCCO First Community Corp. 2.67% 559,185 $13.6M Add +193.6%
FRAF Franklin Financial Services 2.55% 375,872 $13.0M Reduce -6.2%
BVFL BV Financial Inc. filed as BV FINL INC 2.52% 842,560 $12.8M Reduce -3.0%
EGBN Eagle Bancorp Inc. 2.46% 644,930 $12.6M Add +63.6%
CARE Carter Bankshares Inc. 1.99% 583,893 $10.1M Add +31.5%
CFBK CF Bankshares Inc. 1.98% 421,191 $10.1M Add +450.2%
AUB Atlantic Union Bankshares Co. 1.97% 321,400 $10.1M Add +442.9%
CBAN Colony Bankcorp 1.97% 608,709 $10.0M Reduce -10.8%
BWFG Bankwell Financial Group Inc. 1.89% 266,865 $9.6M Add +60.2%
MCB Metropolitan Bank Holding Co. 1.78% 129,634 $9.1M Add +85.8%
SHBI Shore Bancshares Inc. 1.75% 566,926 $8.9M Reduce -20.3%
FVCB Fvcbankcorp Inc. 1.70% 734,650 $8.7M Add +258.4%
EFSI Eagle Financial Services Inc. 1.69% 281,262 $8.6M Add +3.6%
FNWB First Northwest Bancorp 1.42% 937,390 $7.2M Add +8.5%
KRNY Kearny Financial Corp. 1.41% 1,109,666 $7.2M Add +351.4%
BHRB Burke & Herbert Financial SE 1.33% 113,508 $6.8M Add +430.0%
HNVR Hanover Bancorp Inc. 1.31% 292,273 $6.7M New
WSBC Wesbanco Inc. 1.29% 208,300 $6.6M Add +256.7%
MNSB Mainstreet Bancshares Inc. 1.25% 338,085 $6.4M Add +918.4%
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 1.24% 276,578 $6.3M Add +291.7%
FRST Primis Financial Corp. 1.23% 576,260 $6.3M Add +219.6%
OBT Orange County Bancorp Inc. 1.22% 240,308 $6.2M New
MVBF MVB Financial Corp. 1.15% 259,356 $5.8M Add +275.2%
WNEB Western New England Bancorp 0.98% 540,508 $5.0M Reduce -10.1%
SFST Southern First Bancshares 0.96% 129,174 $4.9M Add +95.2%
CNOB Connectone Bancorp Inc. 0.95% 208,060 $4.8M Add +356.3%
UBFO United Security Bancshare 0.84% 497,500 $4.3M Add +53.7%
PKBK Parke Bancorp Inc. 0.80% 200,838 $4.1M Add +243.3%
INBK First Internet Bancorp 0.77% 145,141 $3.9M Add +254.9%
OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF 0.76% 141,400 $3.9M Add +36.3%
RVSB Riverview Bancorp Inc. 0.74% 682,930 $3.8M Reduce -61.1%
CZWI Citizens Community Bancorp I 0.68% 252,793 $3.5M Add +74.9%
OPBK Op Bancorp 0.67% 263,790 $3.4M Add +128.3%
FFWM First Foundation Inc. 0.67% 670,016 $3.4M Add +58.6%
BOTJ Bank of the James Financial 0.62% 225,618 $3.2M Add +27.2%
VLY Valley National Bancorp 0.62% 355,200 $3.2M Add +209.2%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.61% 116,100 $3.1M Add +47.3%
FFIC Flushing Financial Corp. 0.60% 258,075 $3.1M Add +147.9%
FUNC First United Corp. 0.58% 95,617 $3.0M New
WBS Webster Financial Corp. 0.57% 53,200 $2.9M Add +153.3%
RBB RBB Bancorp 0.56% 164,468 $2.8M New
EBMT Eagle Bancorp Montana Inc. 0.50% 154,242 $2.6M Reduce -69.7%
LNKB Linkbancorp Inc. 0.47% 327,439 $2.4M Add +162.3%
NKSH National Bankshares Inc. 0.45% 84,006 $2.3M Add +477.0%
OPHC Optimumbank Holdings Inc. 0.44% 500,853 $2.2M Add +44.6%
OCFC Oceanfirst Financial Corp. 0.39% 113,113 $2.0M Add +49.7%
PROV Provident Financial Hldgs 0.35% 115,210 $1.8M Add +31.4%
ATLO Ames National Corp. 0.35% 99,765 $1.8M Add +108.0%
WAL Western Alliance Bancorp 0.33% 21,500 $1.7M New
JMSB John Marshall Bancorp Inc. 0.30% 82,857 $1.5M New
FNWD Finward Bancorp 0.30% 54,930 $1.5M Reduce -35.7%
CCNE CNB Financial Corp. 0.27% 60,371 $1.4M Add +60.3%
EBC Eastern Bankshares Inc. 0.25% 84,700 $1.3M New
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 0.25% 51,000 $1.3M Add +25.9%
PLBC Plumas Bancorp 0.25% 28,723 $1.3M New
PBHC Pathfinder Bancorp Inc. 0.24% 80,127 $1.2M New
CFFN Capitol Federal Financial Inc. 0.24% 198,300 $1.2M New
FBLA FB Bancorp Inc. 0.23% 102,677 $1.2M Reduce -74.7%
FDSB Fifth District Bancorp Inc. 0.22% 91,367 $1.1M New
CFG Citizens Financial Group 0.22% 25,100 $1.1M New
BUSE First Busey Corp. 0.22% 49,038 $1.1M Add +88.6%
TFC Truist Financial Corp. 0.21% 25,100 $1.1M Add +4.6%
PEBK Peoples Bancorp of NC 0.20% 35,162 $1.0M Add +115.2%
CBFV CB Financial Services Inc. filed as CB FINL SVCS INC 0.19% 34,621 $987K Add +28.7%
AMTB Amerant Bancorp Inc. 0.19% 52,600 $959K New
MOFG Midwestone Financial Group I 0.18% 31,360 $902K New
WSBF Waterstone Financial Inc. 0.17% 63,194 $873K Add +176.7%
BFST Business First Bancshares 0.17% 34,654 $854K New
OSBC Old Second Bancorp Inc. 0.16% 46,000 $816K New
CHMG Chemung Financial Corp. 0.15% 16,286 $789K New
BSRR Sierra Bancorp 0.15% 25,522 $758K New
FRBA First Bank/Hamilton NJ 0.14% 46,600 $721K Add +57.4%
INDB Independent Bank Corp. 0.12% 10,000 $629K New
BPRN Princeton Bancorp Inc. 0.12% 20,454 $625K Add +103.4%
HTBK Heritage Commerce Corp. 0.12% 61,100 $607K New
CFFI C & F Financial Corp. filed as C & F FINL CORP 0.12% 9,771 $603K New
ONB Old National Bancorp 0.12% 28,000 $598K New
ISTR Investar Holding Corp. 0.11% 30,233 $584K New
MPB Mid Penn Bancorp Inc. 0.11% 20,531 $579K Reduce -16.2%
PFIS Peoples Financial Services 0.11% 11,512 $568K New
OVBC Ohio Valley Banc Corp. filed as OHIO VY BANC CORP 0.10% 16,357 $527K New
PFS Provident Financial Services 0.10% 30,000 $526K New
HBNC Horizon Bancorp Inc. 0.10% 34,000 $523K New
NWFL Norwood Financial Corp. 0.10% 19,792 $510K New
CIVB Civista Bancshares Inc. 0.09% 20,225 $469K New
TSBK Timberland Bancorp Inc. 0.08% 12,897 $402K New
TCBS Texas Community Bancshares 0.07% 23,470 $377K New
BWB Bridgewater Bancshares Inc. 0.07% 21,084 $335K Reduce -86.6%
VABK Virginia National Bankshares 0.06% 8,874 $328K Add +5.9%
FSUN Firstsun Capital Bancorp 0.05% 6,798 $236K Reduce -77.3%
LCNB LCNB Corporation 0.04% 13,269 $193K New

Portfolio Sells Q1 2025 → Q2 2025

ORRF Orrstown Finl Services Inc. Reduce -28.4% 7.86% −5.22
COFS Choiceone Financial SVCS Inc. Reduce -15.7% 6.44% −3.23
OPOF Old Point Financial Corp. Sold out 0.00% −2.37
CWBC Community West Bancshares Reduce -12.3% 6.02% −2.20
BCAL California Bancorp Reduce -9.1% 6.77% −1.79
RVSB Riverview Bancorp Inc. Reduce -61.1% 0.74% −1.72
FXNC First National Corp. Reduce -4.2% 3.16% −1.65
EBMT Eagle Bancorp Montana Inc. Reduce -69.7% 0.50% −1.61
FRAF Franklin Financial Services Reduce -6.2% 2.55% −0.97
FBLA FB Bancorp Inc. Reduce -74.7% 0.23% −0.91
BVFL BV Financial Inc. Reduce -3.0% 2.52% −0.77
CBAN Colony Bankcorp Reduce -10.8% 1.97% −0.77
SHBI Shore Bancshares Inc. Reduce -20.3% 1.75% −0.64
FCAP First Capital Inc. Sold out 0.00% −0.54
BWB Bridgewater Bancshares Inc. Reduce -86.6% 0.07% −0.47
WNEB Western New England Bancorp Reduce -10.1% 0.98% −0.41
MCHB Mechanics Bancorp Class A Sold out 0.00% −0.33
FNWD Finward Bancorp Reduce -35.7% 0.30% −0.32
PNC PNC Financial Services Group Sold out 0.00% −0.29
BRBS Blue Ridge Bankshares Inc. Sold out 0.00% −0.29
USB US Bancorp Sold out 0.00% −0.25
FSUN Firstsun Capital Bancorp Reduce -77.3% 0.05% −0.22
RRBI Red River Bancshares Inc. Sold out 0.00% −0.16
COLB Columbia Banking System Inc. Sold out 0.00% −0.13
ECBK Ecb Bancorp Inc. Sold out 0.00% −0.09
MPB Mid Penn Bancorp Inc. Reduce -16.2% 0.11% −0.04

Portfolio Buys Q1 2025 → Q2 2025

FCCO First Community Corp. Add +193.6% 2.67% +1.61
CFBK CF Bankshares Inc. Add +450.2% 1.98% +1.56
AUB Atlantic Union Bankshares Co. Add +442.9% 1.97% +1.52
HNVR Hanover Bancorp Inc. New 1.31% +1.31
OBT Orange County Bancorp Inc. New 1.22% +1.22
FVCB Fvcbankcorp Inc. Add +258.4% 1.70% +1.16
MNSB Mainstreet Bancshares Inc. Add +918.4% 1.25% +1.12
BHRB Burke & Herbert Financial SE Add +430.0% 1.33% +1.03
KRNY Kearny Financial Corp. Add +351.4% 1.41% +1.02
FISI Financial Institutions Inc. Add +54.8% 4.27% +0.88
BMRC Bank of Marin Bancorp Add +291.7% 1.24% +0.85
MVBF MVB Financial Corp. Add +275.2% 1.15% +0.85
WSBC Wesbanco Inc. Add +256.7% 1.29% +0.84
MCB Metropolitan Bank Holding Co. Add +85.8% 1.78% +0.81
FRST Primis Financial Corp. Add +219.6% 1.23% +0.79
CNOB Connectone Bancorp Inc. Add +356.3% 0.95% +0.67
BWFG Bankwell Financial Group Inc. Add +60.2% 1.89% +0.64
FUNC First United Corp. New 0.58% +0.58
RBB RBB Bancorp New 0.56% +0.56
PKBK Parke Bancorp Inc. Add +243.3% 0.80% +0.53
INBK First Internet Bancorp Add +254.9% 0.77% +0.49
SFST Southern First Bancshares Add +95.2% 0.96% +0.42
EGBN Eagle Bancorp Inc. Add +63.6% 2.46% +0.41
VLY Valley National Bancorp Add +209.2% 0.62% +0.37
NKSH National Bankshares Inc. Add +477.0% 0.45% +0.35
WAL Western Alliance Bancorp New 0.33% +0.33
OPBK Op Bancorp Add +128.3% 0.67% +0.33
WBS Webster Financial Corp. Add +153.3% 0.57% +0.30
JMSB John Marshall Bancorp Inc. New 0.30% +0.30
FFIC Flushing Financial Corp. Add +147.9% 0.60% +0.27
LNKB Linkbancorp Inc. Add +162.3% 0.47% +0.26
EBC Eastern Bankshares Inc. New 0.25% +0.25
PLBC Plumas Bancorp New 0.25% +0.25
PBHC Pathfinder Bancorp Inc. New 0.24% +0.24
CFFN Capitol Federal Financial Inc. New 0.24% +0.24
FDSB Fifth District Bancorp Inc. New 0.22% +0.22
CFG Citizens Financial Group New 0.22% +0.22
CARE Carter Bankshares Inc. Add +31.5% 1.99% +0.21
AMTB Amerant Bancorp Inc. New 0.19% +0.19
MOFG Midwestone Financial Group I New 0.18% +0.18
CZWI Citizens Community Bancorp I Add +74.9% 0.68% +0.17
BFST Business First Bancshares New 0.17% +0.17
OSBC Old Second Bancorp Inc. New 0.16% +0.16
CHMG Chemung Financial Corp. New 0.15% +0.15
BSRR Sierra Bancorp New 0.15% +0.15
ATLO Ames National Corp. Add +108.0% 0.35% +0.14
FFWM First Foundation Inc. Add +58.6% 0.67% +0.13
UBFO United Security Bancshare Add +53.7% 0.84% +0.13
INDB Independent Bank Corp. New 0.12% +0.12
HTBK Heritage Commerce Corp. New 0.12% +0.12

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 25$140.5MAVBH, FNRN, EFSI, MRBK, FNWB
Q1 2026 62$590.0MCBAN, CARE, CWBC, AVBH, COSO
Q4 2025 54$534.4MORRF, CBAN, CWBC, AVBH, CARE
Q3 2025 83$557.6MORRF, COFS, CWBC, AVBH, BCAL
Q2 2025 98$509.7MORRF, BCAL, COFS, CWBC, FISI
Q1 2025 75$403.4MORRF, COFS, BCAL, CWBC, FXNC
Q4 2024 68$512.1MORRF, BCAL, SHBI, CWBC, EGBN
Q3 2024 66$448.8MORRF, SHBI, BCAL, CWBC, BHRB
Q2 2024 46$314.1MSHBI, CWBC, BCAL, CVLY, CHMG
Q1 2024 29$307.0MSHBI, CWBC, BCAL, CVLY, CHMG