In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), JCSD Capital, LLC reported 18 stock positions worth $72.2 million . Its top holding was iShares Core S&P 500 ETF (IVV) at 28.9% of the portfolio, followed by Coastal Financial (CCB, 20.5% ) and FFB Bancorp (FFBB, 14.1% ). Compared with Q3 2025, it opened 6 new positions, sold out of 5, added to 4 and reduced 5. The biggest buy was a new position in FFB Bancorp (FFBB) and the biggest sale an exit from Amerant Bancorp (AMTB).
Location Walnut Creek, CA
CIK 0001444055
Portfolio Value $72.2M (Q4 2025) Holdings 18 stocks · $72.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 IVV iShares Core S&P 500 ETF 30,450 $20.9M No change CCB Coastal Financial Corp. 129,040 $14.8M Reduce -0.8% FFBB FFB Bancorp 119,896 $10.2M New PMHG Prime Meridian Holding Co. 121,171 $6.9M New EWBC East West Bancorp Inc. 40,123 $4.5M Add +1.3% NTB Bank of N.T. Butterfield&son 78,800 $3.9M No change BPOP Popular Inc. 23,100 $2.9M No change GBFH Gbank Financial Holdings Inc. 62,939 $2.1M Add +54.2% OSBC Old Second Bancorp Inc. 74,100 $1.4M Reduce -1.3% EGBN Eagle Bancorp Inc. 56,500 $1.2M New CHYM Chime Financial Inc. Class A 44,819 $1.1M Add +5372.4% UWMC Uwm Holdings Corp. 215,799 $945K Add +115.8% NLY Annaly Capital Management Inc. 35,000 $783K Reduce -30.0% FOUR SHIFT4 Payments Inc. Class A 8,709 $548K Reduce -63.3% WAL Western Alliance Bancorp 188 $16K New GDOT Green Dot Corp. Class A 1,000 $13K New MCHB Mechanics Bancorp Class A 461 $7K Reduce -99.3% COLB Columbia Banking System Inc. 100 $3K New
Options reported separately and not counted above: EGBN calls ($2.8M), GDOT calls ($2.0M), LOB puts ($1.8M), KRE calls ($1.6M), TFIN puts ($1.2M), FLG puts ($1.0M), VLY puts ($736K), BCBP puts ($589K), UWMC calls ($285K), MVBF puts ($258K), FULT puts ($97K).
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ AMTB Amerant Bancorp Inc. Sold out 0.00% −4.63 CCB Coastal Financial Corp. Reduce -0.8% 20.47% −4.52 FOUR SHIFT4 Payments Inc. Class A Reduce -63.3% 0.76% −2.50 MCHB Mechanics Bancorp Class A Reduce -99.3% 0.01% −1.48 FNB FNB Corp. Sold out 0.00% −1.43 FHN First Horizon Corp. Sold out 0.00% −1.21 NLY Annaly Capital Management Inc. Reduce -30.0% 1.08% −0.71 OSBC Old Second Bancorp Inc. Reduce -1.3% 2.00% −0.31 KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.01 MQ Marqeta Inc. Sold out 0.00% −0.00
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ FFBB FFB Bancorp New 14.11% +14.11 PMHG Prime Meridian Holding Co. New 9.49% +9.49 EGBN Eagle Bancorp Inc. New 1.68% +1.68 CHYM Chime Financial Inc. Class A Add +5372.4% 1.56% +1.53 UWMC Uwm Holdings Corp. Add +115.8% 1.31% +0.23 GBFH Gbank Financial Holdings Inc. Add +54.2% 2.95% +0.11 WAL Western Alliance Bancorp New 0.02% +0.02 GDOT Green Dot Corp. Class A New 0.02% +0.02 COLB Columbia Banking System Inc. New 0.00% +0.00 EWBC East West Bancorp Inc. Add +1.3% 6.24% −1.25
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ KRE SS SPDR S&P Regional Bank put Sold out 850,000 $53.8Mbefore exit EGBN Eagle Bancorp Inc. call New 131,400 $2.8M GDOT Green Dot Corp. Class A call New 157,800 $2.0M LOB Live Oak Bancshares Inc. put New 53,300 $1.8M CCB Coastal Financial Corp. call Sold out 14,000 $1.5Mbefore exit TFIN Triumph Financial Inc. put New 18,600 $1.2M FLG Flagstar Bank NA put New 82,800 $1.0M MQ Marqeta Inc. call Sold out 186,500 $985Kbefore exit VLY Valley National Bancorp put New 63,000 $736K CHYM Chime Financial Inc. Class A call Sold out 33,000 $666Kbefore exit BCBP BCB Bancorp Inc. put New 73,000 $589K OSBC Old Second Bancorp Inc. call Sold out 28,200 $488Kbefore exit FINX Global X Fintech ETF put Sold out 10,000 $335Kbefore exit UWMC Uwm Holdings Corp. call Reduce -66.0% 65,000 $285K MVBF MVB Financial Corp. put New 10,000 $258K FULT Fulton Financial Corp. put New 5,000 $97K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 16 $67.2M IVV, CCB, FFBB, NTB, EGBN Q1 2026 22 $64.2M IVV, CCB, FFBB, EGBN, NTB Q4 2025 18 $72.2M IVV, CCB, FFBB, PMHG, EWBC Q3 2025 17 $56.3M IVV, CCB, EWBC, NTB, BPOP Q2 2025 Amended 16 $51.4M IVV, CCB, EWBC, NTB, BPOP