First Seacoast Bancorp, Inc. filings document material events for the holding company of First Seacoast Bank. The company’s regulatory disclosures cover material agreements, shareholder voting matters, capital-structure items, governance changes, and operating and financial results related to its community banking business in New Hampshire.
As a savings and loan holding company, its disclosures also provide formal records around common-stock matters, executive succession and board oversight, and transaction-related events affecting the Bank’s balance sheet, facilities, and public-company status.
First Seacoast Bancorp, Inc. reported a small net loss for the quarter. Net loss was $508,000 for the three months ended March 31, 2026, compared with $603,000 a year earlier, and basic and diluted loss per share were $0.12 versus $0.14.
Total assets were $588.8 million and total loans were $418.4 million, with an allowance for credit losses on loans of $3.4 million. Deposits totaled $459.0 million, down modestly from year-end as time deposits declined while non-interest-bearing and money market balances increased. Net interest and dividend income after a small credit loss release was $3.5 million, and non-interest expense of $4.2 million drove the loss.
The company generated positive operating cash flow and strong capital levels; the bank’s common equity Tier 1 capital ratio was 14.72%, categorized as well capitalized. As of May 11, 2026, common shares outstanding were 4,691,674.
First Seacoast Bancorp, Inc. agreed to merge with Cambridge Financial Group, Inc., the mutual holding company of Cambridge Savings Bank, in an all-cash transaction.
Each share of First Seacoast Bancorp common stock will be converted into the right to receive $17.25 in cash, valuing the deal at approximately $80.9 million based on shares outstanding when the agreement was signed. First Seacoast Bank will merge into Cambridge Savings Bank, and its branches will become part of a 24-branch network.
The merger agreement includes customary covenants, a $3.5 million termination fee payable by First Seacoast Bancorp under specified circumstances, and standard closing conditions such as regulatory and stockholder approvals. Certain directors and executives have entered voting agreements supporting the deal, and closing is expected in the third quarter of 2026.
First Seacoast Bancorp, Inc. filed an Amendment No. 1 to its Form 10‑K for the year ended December 31, 2025 to provide Part III information on directors, executive officers, compensation, ownership and auditor fees. The amendment does not change previously reported financial statements.
The filing details an eight‑member classified board, committee memberships, and independence, with only the Chief Executive Officer deemed non‑independent. It discloses 2025 compensation for three named executive officers, including a $350,000 salary and $372,778 total compensation for CEO James R. Brannen, plus outstanding stock options and restricted stock awards.
The document also outlines employment, change‑in‑control and director retirement arrangements, employee benefit plans such as the ESOP and 401(k), and equity incentive plans. As of June 30, 2025, common equity held by non‑affiliates was valued at $48.8 million, and 4,691,674 common shares were outstanding as of April 21, 2026.
First Seacoast Bancorp, Inc. operates as the holding company for First Seacoast Bank, a community bank focused on the New Hampshire and southern Maine Seacoast region. At December 31, 2025, it reported total assets of $599.3 million, loans of $419.5 million, deposits of $470.8 million and stockholders’ equity of $63.5 million.
Lending is centered on one- to four-family residential mortgages, which comprise 63.2% of the loan portfolio, alongside commercial real estate, construction, commercial and industrial, home equity and consumer loans. Non-performing loans were low at 0.11% of total loans, and non-performing assets were 0.08% of total assets.
The allowance for credit losses on loans was $3.4 million, or 0.82% of total loans, calculated under the CECL standard using a WARM model and qualitative economic factors. The bank funds itself primarily with core deposits and maintains additional liquidity through Federal Home Loan Bank and Federal Reserve borrowing capacity.
First Seacoast Bank Employee Stock Ownership Plan Trust, with Pentegra Trust Company as trustee, reports beneficial ownership of 414,733 shares of First Seacoast Bancorp, Inc. common stock, representing 8.8% of the class as of the reported date.
The trust holds 337,789 shares with sole voting power and 76,944 shares with shared voting power, and has sole dispositive power over all 414,733 shares. The securities are certified as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
First Seacoast Bancorp, Inc. (FSEA) director reported several stock transactions and updated equity holdings. On 06/17/2025, the director sold 1,700 shares of common stock at $11.0818. On 11/18/2025, additional sales were reported of 500 shares at $11.52 and 1,250 shares at $11.6001.
After these transactions, the director beneficially owned 5,146 shares of common stock held directly, which includes restricted stock that vests in thirds annually starting December 2, 2025. The director also holds stock options for 9,343 shares at an exercise price of $8.06 vesting in thirds from May 25, 2024, and options for 10,250 shares at an exercise price of $9.29 vesting in thirds from December 2, 2025, all expiring on the dates listed in the filing.
First Seacoast Bancorp (FSEA) reported a return to profitability in the quarter, posting Q3 2025 net income of $390 thousand (basic EPS $0.09; diluted $0.08), compared with $44 thousand a year ago. Net interest and dividend income rose to $3.45 million from $2.98 million as interest expense eased slightly and securities income improved.
For the first nine months, the Company recorded a net loss of $758 thousand versus income of $895 thousand last year, which benefited from a $2.52 million gain on sale of land and buildings. Noninterest income in Q3 increased to $544 thousand, while noninterest expense rose to $4.19 million.
The balance sheet expanded: total assets $609.6 million (from $580.8 million), deposits $480.0 million (from $454.2 million). Loans were $433.5 million and securities available-for-sale were $142.5 million. Credit quality remained stable with nonaccrual loans $194 thousand and an allowance for credit losses $3.52 million. Accumulated other comprehensive loss improved to $(5.08) million, and stockholders’ equity increased to $63.16 million.
Mark P. Boulanger, a director of First Seacoast Bancorp (FSEA), reported a purchase of 1,200 shares of the issuer's common stock on 09/03/2025 at $11.47 per share. After the reported purchase, the filing shows 6,501 shares held indirectly in an IRA and a reported disposition of 7,759 shares. The report also discloses two outstanding option grants exercisable for 9,343 shares (exercise price $8.06, expiring 05/25/2033) and 10,250 shares (exercise price $9.29, expiring 12/02/2034), both held directly. Vesting notes state restricted stock and the second option tranche vest at 33 1/3% per year commencing 12/02/2025, while the first option tranche vests at the same annual rate commencing 05/25/2024. The form is signed via power of attorney on 09/03/2025.
First Seacoast Bancorp insider purchases increased on August 21, 2025. John E. Swenson, EVP and COO, reported multiple open-market purchases of the company's common stock at prices between $11.54 and $11.74, increasing his direct holdings to 17,704 shares. The filing also shows 1,431 shares held indirectly via a 401(k) and 2,221 shares indirectly via an ESOP. Swenson holds outstanding stock options exercisable into 15,000 shares (exercise price $8.06) and 20,500 shares (exercise price $9.29). Restricted stock and option vesting schedules are disclosed, with vesting commencing in 2024 and 2025.
First Seacoast Bancorp insider transaction summary: James R. Brannen, who serves as Director and Chief Executive Officer, purchased 500 shares of First Seacoast Bancorp (FSEA) on 08/15/2025 at a price of $11.3075 per share. After the purchase, Mr. Brannen beneficially owns 32,637 common shares directly and indirectly. Indirect holdings include 9,179 shares in an IRA, 4,255 in a 401(k), and 3,646 in an ESOP. He also holds stock options: 24,401 options (exercise price $8.06) exercisable from 05/25/2024 and 23,500 options (exercise price $9.29) exercisable from 12/02/2025, with stated vesting schedules for restricted stock and options.