First Seacoast Bancorp (OTC: FSEA) is a community banking holding company that operates through First Seacoast Bank, a federally chartered savings bank serving southeastern New Hampshire and southern Maine. The company earns revenue primarily through net interest income on loans and deposits, with supplemental fee income from FSB Wealth Management, a division offering investment advisory, portfolio management, retirement planning, and insurance services through a third-party registered broker-dealer. First Seacoast Bank operates five full-service branches: four in Strafford County, New Hampshire (Dover, Durham, Barrington, and Rochester) and one in Rockingham County, New Hampshire. The loan portfolio spans residential and commercial real estate, commercial and industrial loans, construction and land development loans, and consumer lending. Total deposits were $470.3 million as of December 31, 2025. FSB Wealth Management had assets under management of approximately $153.5 million as of December 31, 2025, up from $141.5 million as of December 31, 2024. The company reported net losses in both fiscal years 2025 and 2024.

Revenue model

Net interest income from loans funded by deposits is the primary revenue source. Supplemental non-interest income comes from FSB Wealth Management advisory fees and commissions on investment and insurance products sold through a third-party broker-dealer.

Products and services

Deposit products include non-interest bearing demand deposits ($66.1M, 14.1% of total deposits as of December 31, 2025), NOW and interest-bearing demand deposits ($98.3M, 20.9%), money market deposits ($69.5M, 14.8%), savings deposits ($84.5M, 18.0%), and time deposits ($151.9M, 32.3%). Loan products include commercial real estate, residential real estate, construction and land development loans (land development balances of $753,000, or 0.2% of total loan portfolio as of December 31, 2025), commercial and industrial loans, and consumer loans. FSB Wealth Management provides retirement planning, portfolio management, and college planning services.

Customers and end markets

Individual consumers and small to mid-sized businesses in Strafford and Rockingham Counties, New Hampshire and York County, southern Maine. Commercial borrowers include professional organizations, family-owned businesses, and not-for-profit entities. Wealth management clients are individuals and businesses in the primary market area. The regional economy includes healthcare, government, education, retail, insurance, and textile manufacturing employers.

Value-chain role

Community deposit-taking institution and direct lender. Originates and holds loans on balance sheet. Wealth management services are distributed through a third-party registered broker-dealer and investment advisor; assets under management are not carried on the company's balance sheet.

Geographic exposure

Southeastern New Hampshire: Strafford County (Dover, Durham, Barrington, Rochester branches) and Rockingham County (one branch). Primary lending market extends into York County, southern Maine. All operations are domestic and concentrated in the New Hampshire Seacoast region.

Source: SEC 10-K, filed 2026-03-20

Industry: Savings Institution, Federally Chartered Peers: Cincinnati Bancorp, Inc. Home Federal Bancorp Inc of Louisiana Income Opportunity Realty Investors Inc NSTS Bancorp Inc Quaint Oak Bancorp Inc Rocket Companies Inc Texas Community Bancshares Inc