Welcome to our dedicated page for First Seacoast Bancorp SEC filings (Ticker: FSEA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. received an amended Schedule 13G/A from Spence Limited reporting that it no longer holds any of the company’s common stock. Spence Limited lists 0 shares beneficially owned, representing 0% of the class, with no sole or shared voting or dispositive power.
The filing characterizes Spence Limited’s position as ownership of 5 percent or less of the common stock class, confirming that it is no longer a significant beneficial owner. The amendment is signed by Hope Lundt as Investment Advisor.
First Seacoast Bancorp, Inc. reported improved results for the quarter ended June 30, 2026 and entered into a cash merger agreement with Cambridge Financial Group, Inc. Quarterly net income was $249 thousand, compared with a net loss of $545 thousand a year earlier. For the first six months of 2026, the company recorded a net loss of $259 thousand versus a loss of $1,148 thousand in the prior-year period. Net interest and dividend income rose to $3,684 thousand in the quarter, aided by lower interest expense and a small release of credit loss provisions, while non-interest expenses declined modestly to $4,123 thousand.
Total assets were $576,115 thousand at June 30, 2026, down from $599,295 thousand at year-end 2025, reflecting lower cash and securities balances. Deposits totaled $454,200 thousand, and gross loans increased slightly to $421,864 thousand. The allowance for credit losses on loans was $3,428 thousand, and non-accrual loans were $128 thousand, below the $361 thousand level at December 31, 2025. Securities available-for-sale had a fair value of $133,783 thousand with gross unrealized losses of $7,806 thousand, which management attributes to noncredit factors.
On May 4, 2026, the company agreed to merge with Cambridge Financial. Each outstanding share of common stock will be converted into the right to receive $17.25 in cash, without interest. The transaction is subject to regulatory and stockholder approvals and other customary closing conditions, with closing expected in the third quarter of 2026.
First Seacoast Bancorp, Inc. is asking stockholders to approve its merger with Cambridge Financial Group, Inc. Under the Merger Agreement, each share of First Seacoast common stock will be converted at closing into $17.25 in cash, without interest, after which stockholders will no longer own First Seacoast shares.
The special meeting will be held on August 27, 2026, for stockholders of record as of July 10, 2026, when 4,692,591 shares were outstanding. Approval of the merger requires the affirmative vote of at least a majority of outstanding shares; failure to vote has the same effect as a vote against. Directors and certain officers have voting agreements covering about 6.6% of the vote. The board unanimously recommends voting in favor of the merger, an advisory vote on merger-related executive compensation, and an adjournment proposal if more time is needed to solicit proxies.
First Seacoast reported consolidated assets of $588.8 million, deposits of $459.0 million, and stockholders’ equity of $62.6 million as of March 31, 2026. Cambridge reported assets of $6.92 billion and deposits of $5.51 billion. A fairness opinion from Keefe, Bruyette & Woods concluded the $17.25 per-share consideration was fair from a financial point of view. The cash consideration generally will be taxable for U.S. federal income tax purposes. Closing is subject to stockholder approval and bank regulatory approvals; the Merger Agreement can be terminated under specified conditions, including if not completed by April 30, 2027, and may trigger a $3.5 million termination fee payable by First Seacoast in certain circumstances.
First Seacoast Bancorp, Inc. is asking shareholders to approve a merger with Cambridge Financial Group, Inc. that would convert each share of First Seacoast common stock into $17.25 in cash at closing. The special meeting is set for August 27, 2026, and the record date for voting was July 10, 2026.
The merger agreement requires stockholder approval and regulatory clearances and includes customary closing conditions, a $3,500,000 termination fee in some scenarios, and voting agreements covering approximately 6.6% of outstanding votes. First Seacoast’s board unanimously recommends that shareholders vote FOR the Merger Proposal.
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.