Fourthstone LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Fourthstone LLC reported 54 stock positions worth $534.4 million. Its top holding was Orrstown Finl Services (ORRF) at 6.0% of the portfolio, followed by Colony Bankcorp (CBAN, 5.7%) and Community West Bancshares (CWBC, 5.5%). Compared with Q3 2025, it opened 2 new positions, sold out of 31, added to 37 and reduced 14. The biggest buy was Colony Bankcorp (CBAN, shares +166%) and the biggest sale an exit from Choiceone Financial SVCS (COFS).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001767803
- Portfolio Value
- $534.4M (Q4 2025)
- SEC Filing
- 0001420506-26-000408 ↗ filed Feb 13, 2026
Holdings Value
Holdings 54 stocks · $534.4M
| ORRF Orrstown Finl Services Inc. | 5.96% | 899,016 | $31.8M | Reduce -38.1% |
| CBAN Colony Bankcorp | 5.71% | 1,711,213 | $30.5M | Add +165.8% |
| CWBC Community West Bancshares | 5.52% | 1,310,897 | $29.5M | Reduce -10.4% |
| AVBH Avidbank Holdings Inc. | 5.42% | 1,091,019 | $29.0M | Add +4.7% |
| CARE Carter Bankshares Inc. | 4.55% | 1,236,393 | $24.3M | Add +19.1% |
| FXNC First National Corp. | 4.20% | 888,672 | $22.4M | Add +1.7% |
| COSO Coastal South Bancshares Inc. | 4.18% | 959,797 | $22.3M | Add +153.8% |
| MRBK Meridian Corp. | 3.69% | 1,121,775 | $19.7M | Add +4.6% |
| ISTR Investar Holding Corp. | 3.48% | 695,992 | $18.6M | Add +148.7% |
| EFSI Eagle Financial Services Inc. | 3.38% | 453,918 | $18.1M | Add +64.0% |
| SHBI Shore Bancshares Inc. | 3.04% | 918,202 | $16.2M | Add +61.6% |
| FCCO First Community Corp. | 2.98% | 537,072 | $15.9M | Reduce -12.1% |
| CFBK CF Bankshares Inc. | 2.96% | 634,535 | $15.8M | Add +6.4% |
| MNSB Mainstreet Bancshares Inc. | 2.93% | 767,792 | $15.6M | Add +50.6% |
| PKBK Parke Bancorp Inc. | 2.91% | 620,899 | $15.5M | Add +53.0% |
| FVCB Fvcbankcorp Inc. | 2.83% | 1,088,952 | $15.1M | Add +19.6% |
| FRST Primis Financial Corp. | 2.43% | 932,437 | $13.0M | Add +31.9% |
| HNVR Hanover Bancorp Inc. | 2.23% | 516,702 | $11.9M | Add +22.6% |
| ATLO Ames National Corp. | 1.89% | 438,696 | $10.1M | Add +94.9% |
| OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF | 1.72% | 305,401 | $9.2M | Add +84.1% |
| MPB Mid Penn Bancorp Inc. | 1.69% | 291,396 | $9.0M | Add +32.7% |
| FRAF Franklin Financial Services | 1.65% | 175,570 | $8.8M | Reduce -47.0% |
| LNKB Linkbancorp Inc. | 1.65% | 1,066,836 | $8.8M | Add +56.2% |
| FNWB First Northwest Bancorp | 1.65% | 939,429 | $8.8M | Add +8.1% |
| OVBC Ohio Valley Banc Corp. filed as OHIO VY BANC CORP | 1.49% | 198,804 | $7.9M | Add +172.2% |
| FISI Financial Institutions Inc. | 1.48% | 254,501 | $7.9M | Reduce -21.0% |
| NKSH National Bankshares Inc. | 1.42% | 226,138 | $7.6M | Add +76.0% |
| CCNE CNB Financial Corp. | 1.37% | 279,557 | $7.3M | Add +72.1% |
| EBMT Eagle Bancorp Montana Inc. | 1.28% | 342,748 | $6.8M | Add +272.3% |
| UBFO United Security Bancshare | 1.20% | 637,917 | $6.4M | Add +14.8% |
| SFST Southern First Bancshares | 1.19% | 123,240 | $6.3M | Reduce -22.4% |
| BOTJ Bank of the James Financial | 1.12% | 321,908 | $6.0M | Add +10.3% |
| PROV Provident Financial Hldgs | 1.05% | 352,151 | $5.6M | Add +52.6% |
| PEBK Peoples Bancorp of NC | 1.05% | 154,533 | $5.6M | Add +104.4% |
| OBT Orange County Bancorp Inc. | 1.03% | 192,846 | $5.5M | Add +169.9% |
| BCAL California Bancorp | 0.96% | 275,432 | $5.1M | Reduce -78.8% |
| PLBC Plumas Bancorp | 0.86% | 102,585 | $4.6M | Add +125.9% |
| BHRB Burke & Herbert Financial SE | 0.85% | 72,663 | $4.5M | Reduce -47.3% |
| WNEB Western New England Bancorp | 0.76% | 319,953 | $4.0M | Add +11.3% |
| TSBK Timberland Bancorp Inc. | 0.73% | 109,687 | $3.9M | Add +207.4% |
| BFST Business First Bancshares | 0.65% | 132,169 | $3.5M | Reduce -19.4% |
| WSBF Waterstone Financial Inc. | 0.62% | 199,702 | $3.3M | Add +55.3% |
| CZWI Citizens Community Bancorp I | 0.56% | 168,029 | $3.0M | Reduce -68.0% |
| JMSB John Marshall Bancorp Inc. | 0.42% | 111,874 | $2.2M | Add +6.9% |
| FUNC First United Corp. | 0.26% | 37,500 | $1.4M | Reduce -72.3% |
| BPRN Princeton Bancorp Inc. | 0.25% | 37,789 | $1.3M | Add +36.8% |
| NFBK Northfield Bancorp Inc. | 0.22% | 100,785 | $1.2M | Add +14.8% |
| HFWA Heritage Financial Corp. | 0.11% | 25,100 | $594K | New |
| NWFL Norwood Financial Corp. | 0.10% | 19,457 | $546K | Reduce -76.8% |
| RVSB Riverview Bancorp Inc. | 0.09% | 96,556 | $485K | Reduce -48.0% |
| TCBS Texas Community Bancshares | 0.08% | 24,881 | $447K | No change |
| BSRR Sierra Bancorp | 0.07% | 11,229 | $367K | New |
| CBFV CB Financial Services Inc. filed as CB FINL SVCS INC | 0.07% | 10,006 | $349K | Add +1.0% |
| BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP | 0.04% | 9,100 | $237K | Reduce -95.9% |
Portfolio Sells Q3 2025 → Q4 2025
| COFS Choiceone Financial SVCS Inc. | Sold out | 0.00% | −5.68 |
| BCAL California Bancorp | Reduce -78.8% | 0.96% | −2.93 |
| ORRF Orrstown Finl Services Inc. | Reduce -38.1% | 5.96% | −2.90 |
| MCB Metropolitan Bank Holding Co. | Sold out | 0.00% | −2.89 |
| BWFG Bankwell Financial Group Inc. | Sold out | 0.00% | −1.41 |
| WSBC Wesbanco Inc. | Sold out | 0.00% | −1.28 |
| MVBF MVB Financial Corp. | Sold out | 0.00% | −1.22 |
| FRAF Franklin Financial Services | Reduce -47.0% | 1.65% | −1.09 |
| CZWI Citizens Community Bancorp I | Reduce -68.0% | 0.56% | −0.95 |
| BMRC Bank of Marin Bancorp | Reduce -95.9% | 0.04% | −0.92 |
| BVFL BV Financial Inc. | Sold out | 0.00% | −0.86 |
| KRNY Kearny Financial Corp. | Sold out | 0.00% | −0.82 |
| CIVB Civista Bancshares Inc. | Sold out | 0.00% | −0.79 |
| BHRB Burke & Herbert Financial SE | Reduce -47.3% | 0.85% | −0.68 |
| FUNC First United Corp. | Reduce -72.3% | 0.26% | −0.63 |
| FDSB Fifth District Bancorp Inc. | Sold out | 0.00% | −0.62 |
| MOFG Midwestone Financial Group I | Sold out | 0.00% | −0.61 |
| CNOB Connectone Bancorp Inc. | Sold out | 0.00% | −0.54 |
| EGBN Eagle Bancorp Inc. | Sold out | 0.00% | −0.51 |
| OPBK Op Bancorp | Sold out | 0.00% | −0.39 |
| OPHC Optimumbank Holdings Inc. | Sold out | 0.00% | −0.29 |
| NWFL Norwood Financial Corp. | Reduce -76.8% | 0.10% | −0.28 |
| PBHC Pathfinder Bancorp Inc. | Sold out | 0.00% | −0.25 |
| INBK First Internet Bancorp | Sold out | 0.00% | −0.23 |
| BBT Beacon Financial Corp. | Sold out | 0.00% | −0.20 |
| FBLA FB Bancorp Inc. | Sold out | 0.00% | −0.17 |
| RBB RBB Bancorp | Sold out | 0.00% | −0.17 |
| MSBI Midland States Bancorp Inc. | Sold out | 0.00% | −0.16 |
| FCCO First Community Corp. | Reduce -12.1% | 2.98% | −0.11 |
| FBIZ First Business Financial Ser | Sold out | 0.00% | −0.11 |
| HTBK Heritage Commerce Corp. | Sold out | 0.00% | −0.11 |
| OCFC Oceanfirst Financial Corp. | Sold out | 0.00% | −0.11 |
| DCOM Dime Commercial Bancshares I | Sold out | 0.00% | −0.10 |
| FRBA First Bank/Hamilton NJ | Sold out | 0.00% | −0.10 |
| LSBK Lake Shore Bancorp Inc. | Sold out | 0.00% | −0.10 |
| CHMG Chemung Financial Corp. | Sold out | 0.00% | −0.09 |
| FFIC Flushing Financial Corp. | Sold out | 0.00% | −0.09 |
| RVSB Riverview Bancorp Inc. | Reduce -48.0% | 0.09% | −0.09 |
| FFWM First Foundation Inc. | Sold out | 0.00% | −0.09 |
| FISI Financial Institutions Inc. | Reduce -21.0% | 1.48% | −0.09 |
| CFFN Capitol Federal Financial Inc. | Sold out | 0.00% | −0.09 |
| SFST Southern First Bancshares | Reduce -22.4% | 1.19% | −0.07 |
| BFST Business First Bancshares | Reduce -19.4% | 0.65% | −0.05 |
| OSBC Old Second Bancorp Inc. | Sold out | 0.00% | −0.04 |
| CWBC Community West Bancshares | Reduce -10.4% | 5.52% | +0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| CBAN Colony Bankcorp | Add +165.8% | 5.71% | +3.74 |
| COSO Coastal South Bancshares Inc. | Add +153.8% | 4.18% | +2.70 |
| ISTR Investar Holding Corp. | Add +148.7% | 3.48% | +2.32 |
| EFSI Eagle Financial Services Inc. | Add +64.0% | 3.38% | +1.50 |
| SHBI Shore Bancshares Inc. | Add +61.6% | 3.04% | +1.37 |
| PKBK Parke Bancorp Inc. | Add +53.0% | 2.91% | +1.34 |
| FRST Primis Financial Corp. | Add +31.9% | 2.43% | +1.09 |
| ATLO Ames National Corp. | Add +94.9% | 1.89% | +1.07 |
| MNSB Mainstreet Bancshares Inc. | Add +50.6% | 2.93% | +1.02 |
| OVBC Ohio Valley Banc Corp. | Add +172.2% | 1.49% | +1.00 |
| EBMT Eagle Bancorp Montana Inc. | Add +272.3% | 1.28% | +0.99 |
| CARE Carter Bankshares Inc. | Add +19.1% | 4.55% | +0.93 |
| OVLY Oak Valley Bancorp | Add +84.1% | 1.72% | +0.88 |
| LNKB Linkbancorp Inc. | Add +56.2% | 1.65% | +0.78 |
| NKSH National Bankshares Inc. | Add +76.0% | 1.42% | +0.74 |
| FVCB Fvcbankcorp Inc. | Add +19.6% | 2.83% | +0.72 |
| OBT Orange County Bancorp Inc. | Add +169.9% | 1.03% | +0.71 |
| CCNE CNB Financial Corp. | Add +72.1% | 1.37% | +0.66 |
| AVBH Avidbank Holdings Inc. | Add +4.7% | 5.42% | +0.66 |
| MRBK Meridian Corp. | Add +4.6% | 3.69% | +0.65 |
| FXNC First National Corp. | Add +1.7% | 4.20% | +0.64 |
| PEBK Peoples Bancorp of NC | Add +104.4% | 1.05% | +0.63 |
| MPB Mid Penn Bancorp Inc. | Add +32.7% | 1.69% | +0.56 |
| HNVR Hanover Bancorp Inc. | Add +22.6% | 2.23% | +0.54 |
| TSBK Timberland Bancorp Inc. | Add +207.4% | 0.73% | +0.52 |
| PLBC Plumas Bancorp | Add +125.9% | 0.86% | +0.51 |
| FNWB First Northwest Bancorp | Add +8.1% | 1.65% | +0.42 |
| CFBK CF Bankshares Inc. | Add +6.4% | 2.96% | +0.40 |
| PROV Provident Financial Hldgs | Add +52.6% | 1.05% | +0.40 |
| BOTJ Bank of the James Financial | Add +10.3% | 1.12% | +0.30 |
| UBFO United Security Bancshare | Add +14.8% | 1.20% | +0.27 |
| WSBF Waterstone Financial Inc. | Add +55.3% | 0.62% | +0.26 |
| WNEB Western New England Bancorp | Add +11.3% | 0.76% | +0.14 |
| HFWA Heritage Financial Corp. | New | 0.11% | +0.11 |
| BPRN Princeton Bancorp Inc. | Add +36.8% | 0.25% | +0.09 |
| BSRR Sierra Bancorp | New | 0.07% | +0.07 |
| JMSB John Marshall Bancorp Inc. | Add +6.9% | 0.42% | +0.05 |
| NFBK Northfield Bancorp Inc. | Add +14.8% | 0.22% | +0.03 |
| CBFV CB Financial Services Inc. | Add +1.0% | 0.07% | +0.01 |
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 |