FSEA · As filed with the SEC
First Seacoast Bancorp income statement, by fiscal year
The statement as First Seacoast Bancorp presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF LOSS · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|---|
| Interest and dividend income: | |||||
| Interest and fees on loans | 20,214,000 | 19,631,000 | 16,896,000 | 14,092,000 | 14,129,000 |
| Interest on debt securities: | |||||
| Taxable | 5,787,000 | 3,857,000 | 1,722,000 | 1,084,000 | 448,000 |
| Non-taxable | 796,000 | 1,712,000 | 1,735,000 | 1,316,000 | 895,000 |
| Total interest on debt securities | 6,583,000 | 5,569,000 | 3,457,000 | 2,400,000 | 1,343,000 |
| Dividends | 189,000 | 231,000 | 237,000 | 118,000 | 23,000 |
| Total interest and dividend income | 26,986,000 | 25,431,000 | 20,590,000 | 16,610,000 | 15,495,000 |
| Interest expense: | |||||
| Interest on deposits | 10,717,000 | 9,660,000 | 5,371,000 | 701,000 | 586,000 |
| Interest on borrowings | 2,582,000 | 3,873,000 | 3,709,000 | 1,046,000 | 649,000 |
| Total interest expense | — | — | 9,080,000 | 1,747,000 | 1,235,000 |
| Total interest expense | 13,299,000 | 13,533,000 | — | — | — |
| Net interest and dividend income | 13,687,000 | 11,898,000 | 11,510,000 | 14,863,000 | 14,260,000 |
| Provision for loan losses | — | — | — | — | 205,000 |
| Release for credit losses | (1,000) | (72,000) | 188,000 | — | — |
| Net interest and dividend income after release for credit losses | 13,688,000 | 11,970,000 | 11,322,000 | 14,863,000 | 14,055,000 |
| Non-interest income: | |||||
| Customer service fees | 1,005,000 | 722,000 | 759,000 | 1,039,000 | 1,007,000 |
| Gain on sale of loans | 114,000 | 25,000 | 2,000 | 2,000 | 130,000 |
| Securities gains, net | 0 | 7,000 | (4,173,000) | (747,000) | 535,000 |
| Gain on sale of land, building and equipment | 0 | 2,522,000 | — | — | — |
| Gain on termination of interest rate swaps | — | — | 849,000 | — | — |
| Income from bank-owned life insurance | 107,000 | 105,000 | 102,000 | 100,000 | 105,000 |
| Loan servicing fee income | 29,000 | 48,000 | 77,000 | 126,000 | 163,000 |
| Investment services fees | 450,000 | 431,000 | 332,000 | 328,000 | 247,000 |
| Other income | 48,000 | 44,000 | 45,000 | 40,000 | 62,000 |
| Total non-interest income | 1,753,000 | 3,904,000 | (2,007,000) | 888,000 | 2,249,000 |
| Non-interest expense: | |||||
| Salaries and employee benefits | 8,952,000 | 9,232,000 | 9,659,000 | 10,673,000 | 7,833,000 |
| Equity compensation expense | 944,000 | — | — | — | — |
| Director compensation | 425,000 | 345,000 | 343,000 | 324,000 | 259,000 |
| Occupancy expense | 1,386,000 | 972,000 | 758,000 | 732,000 | 637,000 |
| Equipment expense | 285,000 | 352,000 | 456,000 | 488,000 | 548,000 |
| Marketing | 409,000 | 419,000 | 530,000 | 598,000 | 361,000 |
| Data processing | 1,637,000 | 1,502,000 | 1,596,000 | 1,400,000 | 1,407,000 |
| Deposit insurance fees | 440,000 | 399,000 | 257,000 | 154,000 | 125,000 |
| Professional fees and assessments | 1,078,000 | 1,174,000 | 1,014,000 | 983,000 | 834,000 |
| Debit card fees | 182,000 | 128,000 | 191,000 | 184,000 | 196,000 |
| Employee travel and education expenses | 191,000 | 177,000 | 208,000 | 198,000 | 120,000 |
| Other expense | 995,000 | 1,160,000 | 1,015,000 | 1,033,000 | 762,000 |
| Total non-interest expense | 16,924,000 | 15,860,000 | 16,027,000 | 16,767,000 | 13,082,000 |
| (Loss) income before income tax (benefit) expense | (1,483,000) | 14,000 | (6,712,000) | (1,016,000) | 3,222,000 |
| Income tax (benefit) expense | (638,000) | 527,000 | 3,944,000 | (451,000) | 601,000 |
| Net loss | (845,000) | (513,000) | (10,656,000) | (565,000) | 2,621,000 |
| Basic | (0.23) | (0.12) | (2.29) | (0.1) | 0.45 |
| Diluted | (0.23) | (0.12) | (2.29) | (0.1) | 0.45 |
| Weighted Average Shares: | |||||
| Basic | 3,676,427 | 4,335,154 | 4,650,916 | 5,767,325 | 5,817,509 |
| Diluted | 3,676,427 | 4,335,154 | 4,650,916 | 5,767,325 | 5,817,509 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.