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First Seacoast Bank

Dover, NH · Cert 29744 · First Seacoast Bcorp Inc.

State savings bank · OCC · 5 branches

Q2 2026

$576.3MAssets
$421.8MLoans
$472.1MDeposits
$47.3MEquity
Loan mix
92%RE $384.7M5%C&I $21.3M3%Consumer $12.5MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $382.2M19%Noninterest $90.0MQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.1% share · #52 of 100 inst. · $0.5B of $580.3B

16.5% Strafford
0.4% Rockingham

Executive Summary

  • Earnings: ROA of -0.09%, up 30 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.03% of loans (+3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.92%, up 47 bps from a year ago.
  • Funding: loans stand at 89.35% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

-0.09%+30 bps YoY

Net Interest Margin (YTD, annualized)

2.50%+30 bps YoY

Efficiency Ratio (YTD, annualized)

102.62%-1,219 bps YoY

Tier 1 Leverage Ratio

8.92%+47 bps YoY

NIM

4.23%Q2 ’244.36%Q2 ’254.45%Q2 ’26+8%+14%

Non-interest income vs. expense

2.67%Q2 ’242.81%Q2 ’252.84%Q2 ’26+61%+0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.21%-0.08%-0.41%-0.39%-0.17%-0.14%-0.34%-0.09%+30 bps
Return on Equity2.64%-1.06%-5.34%-5.11%-2.22%-1.84%-4.37%-1.11%+400 bps
Net Interest Margin2.02%2.01%2.16%2.20%2.20%2.25%2.40%2.50%+30 bps
Efficiency Ratio94.02%100.06%117.55%114.81%111.33%109.37%106.01%102.62%-1,219 bps
Non-Interest Burden1.86%2.01%2.58%2.57%2.48%2.49%2.56%2.58%+1 bps
Growth
Asset Growth (YoY)8.14%1.71%2.81%0.51%1.26%3.17%-0.65%-4.76%-527 bps
Loan Growth (YoY)2.05%1.86%3.86%1.11%-0.74%-4.11%-6.66%-4.07%-519 bps
Deposit Growth (YoY)7.39%10.72%10.36%3.96%6.75%3.42%1.01%-3.63%-759 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.04%0.11%0.10%0.03%+3 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.79%0.80%0.78%0.80%0.81%0.82%0.82%0.81%+1 bps
Allowance Coverage of NPLsn/an/an/a251.2x18.1x7.2x8.3x26.8x-224.4x
Capital
Tier 1 Leverage Ratio9.05%8.69%8.68%8.45%8.44%8.41%8.67%8.92%+47 bps
Total Risk-Based Capital15.66%15.55%15.16%15.23%15.53%15.60%15.77%15.96%+73 bps
Equity / Assets8.08%7.74%7.54%7.36%7.71%7.85%7.83%8.21%+85 bps
Liquidity & Funding
Loans / Deposits93.40%92.65%94.71%89.76%86.84%85.90%87.51%89.35%-41 bps
Liquid Assets / Assets2.57%1.03%0.86%0.92%3.04%2.05%1.99%0.78%-14 bps
CRE / Total Capitaln/an/an/an/a200%190.19%194.24%n/an/a