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 (FSEA) posted a swing to loss in its Q2-25 Form 10-Q. Net loss was $545k (-$0.13 per share) versus a $2.0 million profit a year ago; six-month loss reached $1.15 million. The reversal stems from the absence of last year’s $2.5 million real-estate gain and a 14 % rise in non-interest expense, which more than offset stronger core spread income.
Core banking trends improved. Net interest & dividend income rose 13 % YoY in the quarter to $3.43 million as asset yields outpaced funding costs. Loans were essentially flat at $439.5 million while securities AFS expanded 20 % to $144.3 million, boosting liquidity. Deposits increased 4 % since year-end to $472.3 million, but higher-cost time deposits drove most of the growth. The bank added $6.7 million of FHLB advances, lifting total wholesale borrowings to $59 million.
Asset quality remains pristine. Only $0.2 million of loans were 30-59 days past due and there are no non-accrual loans or charge-offs. The allowance of $3.52 million (0.80 % of loans) was unchanged.
Capital contracted. Shareholders’ equity fell to $60.8 million (-$1.25 million YTD) on losses and $0.8 million in buybacks; accumulated OCI remains a $6.9 million drag.
Management foresees one reportable segment and adopted ASU 2023-07, but no new guidance materially affects results.