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First Seacoast Bancorp

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2022 10-K, filed Mar 24, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Takes deposits and makes home, commercial real estate and business loans for local residents and businesses.

Who Were Their Customers?

Local residents and businesses use the bank for deposits and loans. Mortgage loans come through brokers, builders, referrals, walk-in customers and online applications; commercial lending also comes through existing relationships, referrals and direct outreach.

Did Revenues Turn Into Profits?

Not on paper. It lost $565K in FY2022, but brought in more cash than it spent: $870K of free cash flow.

Net income, FY2022
−3% of revenue
▼ Now a loss vs FY2021 ($2.6M, 17%)
Free cash flow, FY2022
5% of revenue
▼ −64% vs FY2021 ($2.4M, 15%)

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