FSEA · As filed with the SEC
First Seacoast Bancorp cash flow 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 CASH FLOWS · 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 |
|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||
| Net loss | (845,000) | (513,000) | (10,656,000) | (565,000) | 2,621,000 |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||||
| Cumulative change in accounting principle (ASU 2016-13) | — | — | 5,000 | — | — |
| ESOP expense | 174,000 | 138,000 | 126,000 | 124,000 | 115,000 |
| Stock based compensation | 943,000 | 648,000 | 549,000 | 387,000 | 46,000 |
| Loss on disposition of property and equipment | — | — | 2,000 | — | — |
| Depreciation and amortization | 317,000 | 384,000 | 486,000 | 522,000 | 561,000 |
| Net amortization of bond premium | 387,000 | 549,000 | 904,000 | 1,009,000 | 699,000 |
| Provision for loan losses | — | — | — | — | 205,000 |
| Provision for credit losses | — | — | 188,000 | — | — |
| Securities gains, net | 0 | (7,000) | 4,173,000 | 747,000 | (535,000) |
| (Release) provision for credit losses | — | (72,000) | — | — | — |
| Release of credit losses | (1,000) | — | — | — | — |
| Gain on sale of loans | (114,000) | (25,000) | (2,000) | (2,000) | (130,000) |
| Gain on sale of land, building and equipment | — | (2,522,000) | — | — | — |
| Gain on termination of interest rate swaps | — | — | (849,000) | — | — |
| Proceeds from loans sold | 3,902,000 | 411,000 | 419,000 | 639,000 | 6,198,000 |
| Origination of loans sold | (3,788,000) | (386,000) | (417,000) | (637,000) | (6,068,000) |
| Increase in bank-owned life insurance | (107,000) | (105,000) | (102,000) | (100,000) | (105,000) |
| Increase in deferred costs on loans | (124,000) | (136,000) | (183,000) | (799,000) | (945,000) |
| Deferred tax (benefit) expense | (808,000) | 403,000 | 3,861,000 | (296,000) | 309,000 |
| (Increase) decrease in accrued interest receivable | (5,000) | 191,000 | (306,000) | (489,000) | (87,000) |
| Decrease (increase) in other assets | 264,000 | (6,901,000) | 440,000 | (1,483,000) | (771,000) |
| Increase in deferred compensation liability | 275,000 | 321,000 | 241,000 | 101,000 | 62,000 |
| Increase in lease liabilities | — | 5,061,000 | — | — | — |
| Decrease in other liabilities | (21,000) | (387,000) | (794,000) | 1,815,000 | 246,000 |
| Net cash provided (used) by operating activities | 449,000 | (2,948,000) | (1,915,000) | 973,000 | 2,421,000 |
| Cash flows from investing activities: | |||||
| Proceeds from sales, calls, maturities and principal payments received on securities available-for-sale | 21,109,000 | 36,223,000 | 40,863,000 | 9,872,000 | 20,037,000 |
| Purchase of securities available-for-sale | (50,673,000) | (36,685,000) | (55,401,000) | (41,452,000) | (57,339,000) |
| Purchase of property and equipment | (120,000) | (368,000) | (349,000) | (103,000) | (36,000) |
| Loan purchases | (5,511,000) | (4,486,000) | (4,327,000) | (3,673,000) | (16,022,000) |
| Loan originations and principal collections, net | 25,269,000 | (4,648,000) | (22,385,000) | (21,392,000) | 8,468,000 |
| Net loan (charge offs) recoveries | — | — | — | (9,000) | 43,000 |
| Net redemption of Federal Home Loan Bank stock | — | 488,000 | 516,000 | (1,814,000) | 108,000 |
| Proceeds from sales of interest bearing time deposits with other banks | — | — | 747,000 | 498,000 | 1,243,000 |
| Net redemption of Federal Home Loan Bank stock | 67,000 | — | — | — | — |
| Proceeds from sale of land, building and equipment | — | 7,395,000 | — | — | — |
| Termination of fair value hedges | — | (430,000) | — | — | — |
| Proceeds from termination of interest rate swaps | — | — | 849,000 | — | — |
| Net cash provided (used) by investing activities | (9,859,000) | (2,511,000) | (39,487,000) | (58,073,000) | (43,498,000) |
| Cash flows from financing activities: | |||||
| Net increase in NOW, demand deposits, money market and savings accounts | 361,000 | 4,974,000 | (7,121,000) | (14,293,000) | 56,204,000 |
| Net increase in certificates of deposit | — | — | — | 3,413,000 | 9,658,000 |
| Net increase in time deposits | 16,204,000 | 44,436,000 | 29,556,000 | — | — |
| Increase in mortgagors' escrow accounts | 157,000 | 14,000 | (298,000) | 286,000 | (768,000) |
| Proceeds of finance lease | — | 1,539,000 | — | — | — |
| Principal payments on finance lease | (57,000) | (30,000) | — | — | — |
| Proceeds from sale of common stock, net | — | — | 25,622,000 | — | — |
| Common stock purchased by ESOP | — | — | (2,244,000) | — | — |
| First Seacoast Bancorp, Inc | — | — | 100,000 | — | — |
| Treasury stock purchases | (981,000) | (3,704,000) | (4,000) | (629,000) | (515,000) |
| Proceeds from advances from Federal Reserve Bank | — | — | 45,000,000 | — | — |
| Proceeds from long-term FHLB advances | 560,000 | — | — | — | — |
| Federal Home Loan Bank Advances | — | 25,401,000 | 50,000,000 | 468,000 | 15,430,000 |
| Federal Home Loan Bank Advances | — | (20,340,000) | (61,390,000) | 71,729,000 | (95,000) |
| Net payments on short-term FHLB advances | 0 | — | — | — | — |
| FRB | — | — | — | — | (18,195,000) |
| Federal Home Loan Bank Advances | (520,000) | (25,800,000) | (15,000,000) | (2,262,000) | (20,000,000) |
| Payments on advances from Federal Reserve Bank | 0 | (20,000,000) | (25,000,000) | — | — |
| Net cash provided (used) by financing activities | 15,724,000 | 6,490,000 | 39,221,000 | 58,712,000 | 41,719,000 |
| Net change in cash and cash equivalents | 6,314,000 | 1,031,000 | (2,181,000) | 1,612,000 | 642,000 |
| Cash and cash equivalents at beginning of year | 7,100,000 | 6,069,000 | 8,250,000 | 6,638,000 | 5,996,000 |
| Cash and cash equivalents at end of year | 13,414,000 | 7,100,000 | 6,069,000 | 8,250,000 | 6,638,000 |
| Cash activities: | |||||
| Cash paid for interest | 13,289,000 | 13,439,000 | 8,794,000 | 1,685,000 | 1,282,000 |
| Cash paid for income taxes | 120,000 | 49,000 | 56,000 | 47,000 | 386,000 |
| Noncash activities: | |||||
| Effect of change in fair value of securities available-for-sale: | |||||
| Securities available-for-sale | 3,016,000 | (1,463,000) | 6,167,000 | (15,089,000) | (1,243,000) |
| Deferred taxes | (812,000) | 394,000 | (1,683,000) | 4,086,000 | 337,000 |
| Other comprehensive income (loss) | 2,204,000 | (1,069,000) | 4,484,000 | (11,003,000) | (906,000) |
| Effect of change in fair value of interest rate swaps: | |||||
| Interest rate swaps | 1,000 | (42,000) | (961,000) | 761,000 | 337,000 |
| Deferred taxes | — | 11,000 | 260,000 | (206,000) | (91,000) |
| Other comprehensive income (loss) | 1,000 | (31,000) | (701,000) | 555,000 | 246,000 |
| Cumulative fair value hedging adjustment - loans | 139,000 | 675,000 | (632,000) | — | — |
| Cumulative fair value hedging adjustment - securities available-for-sale | — | 126,000 | (126,000) | — | — |
| Cumulative Adjustment for Change in Accounting Principle - ASU 2016-13 | — | — | (295,000) | — | — |
| Cumulative Adjustment for Change in Accounting Principle - ASU 2016-02 | — | — | — | 224,000 | — |
| Cumulative Adjustment for Change in Accounting Principle - ASU 2016-13 | — | — | 290,000 | — | — |
| Cumulative Adjustment for Change in Accounting Principle - ASU 2016-02 | — | — | — | 224,000 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.