JCSD Capital, LLC Hedge Fund

Location: Walnut Creek, CA

CIK: 0001444055 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 13, 2018

Total Value: $120M (99.8% shares, 0.2% debt)

Holdings (39)

— Pacific Premier Bancorp 8.2%

Value $9.8M Shares 245,000 Share Price $40.00 Est. Cost/Share $18.25 Unrealized @ Report Date —

— First Bancshares Inc MS 8.2%

Value $9.771M Shares 285,690 Share Price $34.20 Est. Cost/Share $16.56 Unrealized @ Report Date —

— Franklin Financial Network 6.3%

Value $7.604M Shares 223,003 Share Price $34.10 Est. Cost/Share $24.45 Unrealized @ Report Date —

HOMB Home Bancshares, Inc. 5.7%

Value $6.852M Shares 294,693 Share Price $23.25 Est. Cost/Share $23.97 Unrealized @ Report Date -3.0%

— Evans Bancorp Inc 5.2%

Value $6.199M Shares 147,958 Share Price $41.90 Est. Cost/Share $26.19 Unrealized @ Report Date —

FBNC First Bancorp NC 4.9%

Value $5.826M Shares 165,000 Share Price $35.31 * Est. Cost/Share $24.85 Unrealized @ Report Date +20.2%

— Northern States Financial Corp 4.0%

Value $4.75M Shares 5,937,685 Share Price $0.80 Est. Cost/Share $0.67 Unrealized @ Report Date —

BUSE First Busey Corp 3.7%

Value $4.403M Shares 147,062 Share Price $29.94 * Est. Cost/Share $14.66 Unrealized @ Report Date +48.5%

ONB Old Natl Bancorp IND 3.7%

Value $4.397M Shares 252,000 Share Price $17.45 Est. Cost/Share $12.65 Unrealized @ Report Date +37.9%

— Grandsouth Bancorporation 3.5%

Value $4.154M Shares 296,706 Share Price $14.00 Est. Cost/Share $13.56 Unrealized @ Report Date —

— Bank of the Ozarks Inc 3.4%

Value $4.118M Shares 85,000 Share Price $48.45 Est. Cost/Share $45.54 Unrealized @ Report Date —

— Bay Banks of Virginia, Inc. 3.4%

Value $4.038M Shares 389,190 Share Price $10.38 Est. Cost/Share $9.61 Unrealized @ Report Date —

OPBK OP Bancorp 3.2%

Value $3.869M Shares 394,816 Share Price $9.80 Est. Cost/Share $9.12 Unrealized @ Report Date +7.5%

— Northwest Bancorporation 3.0%

Value $3.563M Shares 286,198 Share Price $12.45 Est. Cost/Share $9.19 Unrealized @ Report Date —

— Pacwest Bancorp DEL 2.9%

Value $3.478M Shares 69,004 Share Price $50.40 Est. Cost/Share $50.40 Unrealized @ Report Date —

TFIN Triumph Bancorp Inc 2.7%

Value $3.219M Shares 102,200 Share Price $31.50 Est. Cost/Share $14.05 Unrealized @ Report Date +124.2%

HTBK Heritage Commerce Corp 2.6%

Value $3.141M Shares 205,000 Share Price $15.32 Est. Cost/Share $8.61 Unrealized @ Report Date +76.8%

— BOFI Hldg Inc 2.6%

Value $3.14M Shares 105,000 Share Price $29.90 Est. Cost/Share $22.08 Unrealized @ Report Date —

— FCB Financial Holdings Inc CL A 2.5%

Value $3.048M Shares 60,000 Share Price $50.80 Est. Cost/Share $32.62 Unrealized @ Report Date —

— US Metro Bank 2.5%

Value $2.959M Shares 700,339 Share Price $4.23 Est. Cost/Share $4.23 Unrealized @ Report Date —

— Bank of Commerce Holdings 2.4%

Value $2.846M Shares 247,454 Share Price $11.50 Est. Cost/Share $8.97 Unrealized @ Report Date —

CFR Cullen Frost Bankers Inc 2.2%

Value $2.603M Shares 27,500 Share Price $94.65 * Est. Cost/Share $38.79 Unrealized @ Report Date +92.8%

ORPB Oregon Pacific Bancorp 1.3%

Value $1.579M Shares 323,534 Share Price $4.88 * Est. Cost/Share $4.63 Unrealized @ Report Date 0.0%

— Green Bancorp Inc 1.3%

Value $1.545M Shares 76,100 Share Price $20.30 Est. Cost/Share $9.62 Unrealized @ Report Date —

— Metro Phoenix Bank 1.3%

Value $1.5M Shares 166,667 Share Price $9.00 Est. Cost/Share $9.00 Unrealized @ Report Date —

PMHG Prime Meridian Holding Company 1.2%

Value $1.476M Shares 65,600 Share Price $22.50 Est. Cost/Share $19.02 Unrealized @ Report Date —

WTBFB W.T.B Financial Corporation 1.2%

Value $1.416M Shares 4,000 Share Price $354.00 * Est. Cost/Share $281.24 Unrealized @ Report Date +13.8%

— Highlands Bancorp, Inc. 1.2%

Value $1.392M Shares 107,527 Share Price $12.95 Est. Cost/Share $12.95 Unrealized @ Report Date —

— Citizens Commerce Bancshares, Inc. 1.0%

Value $1.229M Shares 1,931,819 Share Price $0.64 Est. Cost/Share $0.64 Unrealized @ Report Date —

— Bank of Fincastle 0.9%

Value $1.058M Shares 486,486 Share Price $2.17 Est. Cost/Share $2.17 Unrealized @ Report Date —

HOPE Hope Bancorp Inc 0.8%

Value $990K Shares 54,238 Share Price $18.25 Est. Cost/Share $16.20 Unrealized @ Report Date +12.7%

— MB Financial Inc New 0.7%

Value $890K Shares 20,000 Share Price $44.50 Est. Cost/Share $32.86 Unrealized @ Report Date —

COLB Columbia Bkg Sys Inc 0.7%

Value $869K Shares 20,000 Share Price $43.45 * Est. Cost/Share $17.83 Unrealized @ Report Date +69.8%

WBS Webster Financial Corp Conn 0.7%

Value $842K Shares 15,000 Share Price $56.13 Est. Cost/Share $30.92 Unrealized @ Report Date +81.6%

— First South Bancorp, Inc. 0.7%

Value $815K Shares 1,597,246 Share Price $0.51 Est. Cost/Share $0.78 Unrealized @ Report Date —

— Iberiabank Corp 0.1%

Value $155K Shares 2,000 Share Price $77.50 Est. Cost/Share $77.50 Unrealized @ Report Date —

— Home Bancshares, Inc. March 16 2018 22.50 0.1%

Value $152K Shares 910 Share Price $167.03 Est. Cost/Share — Unrealized @ Report Date —

— SPDR S&P 500 ETF Trust Jan 19 2018 260 0.1%

Value $69,000 Shares 930 Share Price $74.19 Est. Cost/Share — Unrealized @ Report Date —

— BOFI Hldg Inc April 20 2018 30 0.0%

Value $24,000 Shares 110 Share Price $218.18 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	Pacific Premier Bancorp	245,000	$9.8M	8.2%	$40.00	$18.25	—	common	69478X105
—	First Bancshares Inc MS	285,690	$9.771M	8.2%	$34.20	$16.56	—	common	318916103
—	Franklin Financial Network	223,003	$7.604M	6.3%	$34.10	$24.45	—	common	35352P104
HOMB	Home Bancshares, Inc.	294,693	$6.852M	5.7%	$23.25	$23.97	-3.0%	common	436893200
—	Evans Bancorp Inc	147,958	$6.199M	5.2%	$41.90	$26.19	—	common	29911Q208
FBNC	First Bancorp NC	165,000	$5.826M	4.9%	$35.31 *	$24.85	+20.2%	common	318910106
—	Northern States Financial Corp	5,937,685	$4.75M	4.0%	$0.80	$0.67	—	common	665751103
BUSE	First Busey Corp	147,062	$4.403M	3.7%	$29.94 *	$14.66	+48.5%	common	319383204
ONB	Old Natl Bancorp IND	252,000	$4.397M	3.7%	$17.45	$12.65	+37.9%	common	680033107
—	Grandsouth Bancorporation	296,706	$4.154M	3.5%	$14.00	$13.56	—	common	386627301
—	Bank of the Ozarks Inc	85,000	$4.118M	3.4%	$48.45	$45.54	—	common	063904106
—	Bay Banks of Virginia, Inc.	389,190	$4.038M	3.4%	$10.38	$9.61	—	common	072035108
OPBK	OP Bancorp	394,816	$3.869M	3.2%	$9.80	$9.12	+7.5%	common	67109R109
—	Northwest Bancorporation	286,198	$3.563M	3.0%	$12.45	$9.19	—	common	667337109
—	Pacwest Bancorp DEL	69,004	$3.478M	2.9%	$50.40	$50.40	—	common	695263103
TFIN	Triumph Bancorp Inc	102,200	$3.219M	2.7%	$31.50	$14.05	+124.2%	common	89679E300
HTBK	Heritage Commerce Corp	205,000	$3.141M	2.6%	$15.32	$8.61	+76.8%	common	426927109
—	BOFI Hldg Inc	105,000	$3.14M	2.6%	$29.90	$22.08	—	common	05566U108
—	FCB Financial Holdings Inc CL A	60,000	$3.048M	2.5%	$50.80	$32.62	—	common	30255G103
—	US Metro Bank	700,339	$2.959M	2.5%	$4.23	$4.23	—	common	90343B102
—	Bank of Commerce Holdings	247,454	$2.846M	2.4%	$11.50	$8.97	—	common	06424J103
CFR	Cullen Frost Bankers Inc	27,500	$2.603M	2.2%	$94.65 *	$38.79	+92.8%	common	229899109
ORPB	Oregon Pacific Bancorp	323,534	$1.579M	1.3%	$4.88 *	$4.63	0.0%	common	686040205
—	Green Bancorp Inc	76,100	$1.545M	1.3%	$20.30	$9.62	—	common	39260X100
—	Metro Phoenix Bank	166,667	$1.5M	1.3%	$9.00	$9.00	—	common	59165E106
PMHG	Prime Meridian Holding Company	65,600	$1.476M	1.2%	$22.50	$19.02	—	common	74164R107
WTBFB	W.T.B Financial Corporation	4,000	$1.416M	1.2%	$354.00 *	$281.24	+13.8%	common	929334209
—	Highlands Bancorp, Inc.	107,527	$1.392M	1.2%	$12.95	$12.95	—	common	430887109
—	Citizens Commerce Bancshares, Inc.	1,931,819	$1.229M	1.0%	$0.64	$0.64	—	common	17452P101
—	Bank of Fincastle	486,486	$1.058M	0.9%	$2.17	$2.17	—	common	062113105
HOPE	Hope Bancorp Inc	54,238	$990K	0.8%	$18.25	$16.20	+12.7%	common	43940T109
—	MB Financial Inc New	20,000	$890K	0.7%	$44.50	$32.86	—	common	55264U108
COLB	Columbia Bkg Sys Inc	20,000	$869K	0.7%	$43.45 *	$17.83	+69.8%	common	197236102
WBS	Webster Financial Corp Conn	15,000	$842K	0.7%	$56.13	$30.92	+81.6%	common	947890109
—	First South Bancorp, Inc.	1,597,246	$815K	0.7%	$0.51	$0.78	—	common	33646D102
—	Iberiabank Corp	2,000	$155K	0.1%	$77.50	$77.50	—	common	450828108
—	Home Bancshares, Inc. March 16 2018 22.50	910	$152K	0.1%	$167.03	—	—	Call	436893900
—	SPDR S&P 500 ETF Trust Jan 19 2018 260	930	$69,000	0.1%	$74.19	—	—	Put	78462F953
—	BOFI Hldg Inc April 20 2018 30	110	$24,000	0.0%	$218.18	—	—	Call	05566U908