First Seacoast Bancorp (FSEA) financial statements (2022 and earlier)

Company profile

Business Address 633 CENTRAL AVENUE
DOVER, NH 03820
State of Incorp.
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,8838,4846,744
Cash and cash equivalents7,8838,4846,744
Total current assets:7,8838,4846,744
Noncurrent Assets
Property, plant and equipment4,5665,0785,338
Total noncurrent assets:4,5665,0785,338
Other undisclosed assets474,625429,500397,411
TOTAL ASSETS:487,074443,062409,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities426,606384,201352,427
Total liabilities:426,606384,201352,427
Stockholders' equity
Stockholders' equity attributable to parent, including:60,46858,86157,066
Common stock626161
Treasury stock, value(748)(233) 
Additional paid in capital26,78325,60625,636
Accumulated other comprehensive income7211,381521
Retained earnings36,813  
Unearned esop shares(3,163)(2,146)(2,265)
Other undisclosed stockholders' equity attributable to parent 34,19233,113
Total stockholders' equity:60,46858,86157,066
TOTAL LIABILITIES AND EQUITY:487,074443,062409,493

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
Revenues16,40716,37115,729
Net investment income15,49515,85015,448
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(205)(480)(100)
Gross profit:16,20215,89115,629
Operating expenses(3,271)(3,092)(3,158)
Other operating income, net
(Noninterest Income, Other Operating Income)
625054
Operating income:12,99312,84912,525
Nonoperating income
(Bank Owned Life Insurance Income)
10589111
Interest and debt expense(1,235)(3,174)(3,843)
Other undisclosed loss from continuing operations before equity method investments, income taxes (8,709)(9,061)
Income (loss) from continuing operations before equity method investments, income taxes:11,8631,055(268)
Other undisclosed loss from continuing operations before income taxes(8,641)  
Income (loss) from continuing operations before income taxes:3,2221,055(268)
Income tax expense (benefit)(601)24189
Net income (loss) available to common stockholders, diluted:2,6211,079(79)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
Net income (loss):2,6211,079(79)
Other comprehensive income (loss)(44)3(15)
Comprehensive income (loss):2,5771,082(94)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(616)8571,001
Comprehensive income, net of tax, attributable to parent:1,9611,939907

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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