First Seacoast Bancorp, Inc. (FSEA): Business Model Canvas

First Seacoast Bancorp, Inc. (FSEA) liegt im Herzen von Neuengland und ist ein dynamisches Finanzinstitut, das traditionelles Community Banking nahtlos mit modernster digitaler Innovation verbindet. Durch die strategische Positionierung als beziehungsorientierte lokale Bank bietet FSEA personalisierte Banklösungen, die auf die besonderen Bedürfnisse kleiner und mittlerer Unternehmen und Privatkunden in New Hampshire und Massachusetts zugeschnitten sind. Dieses umfassende Business Model Canvas zeigt, wie die Bank die lokalen Finanzlandschaften durch ihren differenzierten Ansatz in den Bereichen Banking, Technologie und gesellschaftliches Engagement verändert und so ein überzeugendes Narrativ von Finanzdienstleistungsexzellenz schafft, das sie in einem wettbewerbsintensiven Markt hervorhebt.

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Wichtige Partnerschaften

Lokale Wirtschaftsverbände in New Hampshire und Massachusetts

First Seacoast Bancorp unterhält Partnerschaften mit den folgenden lokalen Wirtschaftsverbänden:

Vereinsname	Standort	Partnerschaftsfokus
New Hampshire Bankers Association	Concord, NH	Einhaltung gesetzlicher Vorschriften und Networking
Massachusetts Bankers Association	Boston, MA	Geschäftsentwicklung und Interessenvertretung

Regionale Finanzdienstleister und Technologieanbieter

Zu den wichtigsten Technologie- und Servicepartnerschaften gehören:

• Jack Henry & Partner für Kernbankensoftware
• Fiserv für Zahlungsabwicklungslösungen
• Visa und Mastercard für Kartennetzwerkdienste

Gemeinschaftsbanken und kollaborative Netzwerke von Kreditgenossenschaften

Kollaborative Netzwerkpartnerschaften:

Partnertyp	Anzahl der Partner	Umfang der Zusammenarbeit
Gemeinschaftsbanken	7	Shared Services und regionale Kreditvergabe
Kreditgenossenschaften	4	Gemeinsame Geldautomatennetzwerke und Empfehlungsprogramme

Versicherungsunternehmen für Cross-Selling von Finanzprodukten

Details zur Versicherungspartnerschaft:

• Reiseversicherung für gewerbliche und private Versicherungsprodukte
• Liberty Mutual für Kreditschutz und Versicherungsdienstleistungen
• Lokale Versicherungsmakler für Empfehlungsnetzwerke

Gesamtwert des Partnerschaftsökosystems: Ungefähr 2,5 Millionen US-Dollar an gemeinsamer Umsatzgenerierung

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Hauptaktivitäten

Kommerzielle und persönliche Bankdienstleistungen

Im vierten Quartal 2023 meldete First Seacoast Bancorp ein Gesamtvermögen von 1,06 Milliarden US-Dollar. Zu den kommerziellen Bankdienstleistungen gehören:

• Girokonten für Unternehmen
• Kommerzielle Kreditvergabe
• Cash-Management-Dienstleistungen

Servicekategorie	Gesamtvolumen (2023)	Generierter Umsatz
Gewerbliche Kredite	412,5 Millionen US-Dollar	18,3 Millionen US-Dollar
Persönliches Banking	287,6 Millionen US-Dollar	12,7 Millionen US-Dollar

Kreditvergabe und Portfoliomanagement

Details zum Kreditportfolio für 2023:

• Gesamtkreditportfolio: 724,8 Millionen US-Dollar
• Gewerbliche Immobilienkredite: 392,6 Millionen US-Dollar
• Hypothekendarlehen für Wohnimmobilien: 216,4 Millionen US-Dollar
• Verbraucherkredite: 115,8 Millionen US-Dollar

Verwaltung von Einlagen- und Anlagekonten

Kontotyp	Gesamteinlagen	Durchschnittlicher Kontostand
Girokonten	456,2 Millionen US-Dollar	$22,340
Sparkonten	287,5 Millionen US-Dollar	$15,670
Geldmarktkonten	189,3 Millionen US-Dollar	$48,750

Entwicklung und Wartung der digitalen Banking-Plattform

Investitionen in digitales Banking: 2,7 Millionen US-Dollar im Jahr 2023

• Nutzer der Mobile-Banking-App: 42.500
• Online-Banking-Transaktionen: 1,2 Millionen pro Quartal
• Digitale Zahlungsplattformen integriert: 3

Risikomanagement und Compliance-Überwachung

Compliance-Bereich	Gesamtaufwand für Compliance	Regulatorische Vorfälle
Einhaltung gesetzlicher Vorschriften	3,1 Millionen US-Dollar	0 größere Vorfälle
Risikomanagement	2,4 Millionen US-Dollar	3 kleinere Betriebsrisiken gemindert

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Schlüsselressourcen

Physisches Filialnetz

Ab 2024 unterhält First Seacoast Bancorp 7 physische Filialen in ganz New Hampshire und Massachusetts.

Staat	Anzahl der Filialen
New Hampshire	5
Massachusetts	2

Personalwesen

First Seacoast Bancorp beschäftigt 84 Vollzeit-Bankfachleute zum letzten Finanzberichtszeitraum.

• Managementteam mit durchschnittlicher Bankerfahrung von 18 Jahren
• Durchschnittliche Mitarbeiterzugehörigkeit von 7,2 Jahren
• Spezialisierte Rollen im Geschäfts- und Privatkundengeschäft

Digitale Banking-Technologie-Infrastruktur

Technologieinvestitionen: Im Jahr 2024 werden 1,2 Millionen US-Dollar für die Modernisierung der digitalen Infrastruktur bereitgestellt.

Technologiekomponente	Investitionsbetrag
Mobile-Banking-Plattform	$450,000
Verbesserungen der Cybersicherheit	$350,000
Upgrades des Kernbankensystems	$400,000

Finanzielle Ressourcen

Finanzkennzahlen ab Q4 2023:

• Gesamtvermögen: 512,3 Millionen US-Dollar
• Kernkapitalquote: 12.4%
• Gesamtkapitalreserven: 63,5 Millionen US-Dollar

Kundenbeziehungsmanagement

Funktionen des CRM-Systems:

• Kundendatenbank mit 23.750 aktive Konten
• Digitales Engagement-Tracking-System
• Personalisierter Empfehlungsalgorithmus für Finanzdienstleistungen

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Wertversprechen

Personalisierte Banklösungen für lokale Unternehmen und Privatpersonen

Ab dem vierten Quartal 2023 bietet First Seacoast Bancorp gezielte Bankdienstleistungen mit den folgenden spezifischen Angeboten an:

Kundensegment	Jährliches Kreditvolumen	Durchschnittliche Kontogröße
Kleine Unternehmen	42,3 Millionen US-Dollar	$187,500
Einzelne Kunden	28,6 Millionen US-Dollar	$76,300

Wettbewerbsfähige Zinssätze für Kredite und Einlagen

Aktuelle Zinsstruktur für Schlüsselprodukte:

Produkttyp	Zinsspanne
Geschäftskredite	5.75% - 8.25%
Privatkredite	4.50% - 7.90%
Sparkonten	2.15% - 3.60%
Einlagenzertifikate	3.75% - 5.25%

Reaktionsschneller und beziehungsorientierter Kundenservice

Kundendienstkennzahlen für 2023:

• Durchschnittliche Reaktionszeit des Kunden: 12 Minuten
• Kundenzufriedenheitsbewertung: 4,7/5
• Beziehungsmanagementverhältnis: 1:85 Mitarbeiter zu Kunde

Umfassende digitale und traditionelle Bankplattformen

Leistung der digitalen Banking-Plattform im Jahr 2023:

Digitaler Service	Benutzerakzeptanzrate	Transaktionsvolumen
Mobiles Banking	68%	1,2 Millionen monatliche Transaktionen
Online-Banking	82%	2,4 Millionen monatliche Transaktionen

Lokale Entscheidungsfindung und gemeinschaftsorientierter Ansatz

Community-Investitionsstatistik für 2023:

• Lokale Kreditallokation: 92 % des gesamten Kreditportfolios
• Investitionen in die Gemeindeentwicklung: 3,6 Millionen US-Dollar
• Zuschüsse zur Unterstützung lokaler Unternehmen: 1,2 Millionen US-Dollar

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Kundenbeziehungen

Persönliche Interaktionen an lokalen Zweigstellen

First Seacoast Bancorp unterhält ab 2024 vier physische Filialen im Südosten von Massachusetts. Die Bank betreut rund 12.500 Kundenkonten über direkte persönliche Bankdienstleistungen.

Standort der Filiale	Anzahl der Kundeninteraktionen (monatlich)
Easton-Filiale	2,350
Brockton-Filiale	1,875
Zweigstelle Taunton	1,650
Zweigstelle Raynham	1,425

Engagierte Relationship-Banking-Manager

Die Bank beschäftigt 18 engagierte Relationship-Banking-Manager, die auf personalisierte Finanzdienstleistungen spezialisiert sind.

• Durchschnittliches Kundenportfolio pro Manager: 225 Konten
• Typischer Bereich des Kundenvermögens: 250.000 bis 2.500.000 US-Dollar
• Durchschnittliche jährliche Kundenbindungsrate: 87,3 %

Online- und Mobile-Banking-Unterstützung

Digitale Banking-Plattformen bedienen im Jahr 2024 9.750 aktive Online-Banking-Nutzer.

Digitale Plattform	Monatlich aktive Benutzer
Mobile-Banking-App	7,250
Online-Webportal	2,500

Personalisierte Finanzberatungsdienste

First Seacoast Bancorp bietet spezialisierte Finanzberatungsdienste mit 12 zertifizierten Finanzplanern an.

• Durchschnittlicher Wert des Beratungskontos: 685.000 $
• Anzahl der Beratungskunden: 425
• Jahresumsatz aus Beratungsdienstleistungen: 3,2 Millionen US-Dollar

Community-Engagement und lokale Networking-Events

Die Bank veranstaltet jährlich 36 Community-Networking-Veranstaltungen im Südosten von Massachusetts.

Ereignistyp	Anzahl der jährlichen Veranstaltungen	Durchschnittliche Anwesenheit
Business-Networking	18	125
Finanzielle Bildung	12	85
Community-Unterstützung	6	200

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Kanäle

Filialnetz einer physischen Bank

Ab 2024 ist First Seacoast Bancorp, Inc. tätig 7 physische Bankfilialen befindet sich in New Hampshire und Massachusetts.

Standorttyp	Anzahl der Filialen	Abgedeckte Staaten
Physische Bankfilialen	7	New Hampshire, Massachusetts

Online-Banking-Website

Die Bank stellt eine umfassende Online-Banking-Plattform mit folgenden Funktionen zur Verfügung:

• Überwachung des Kontostands
• Geldtransfers
• Rechnungszahlungsdienste
• Transaktionsverlauf

Mobile-Banking-Anwendung

First Seacoast Bancorp bietet eine Mobile-Banking-App an, die unter verfügbar ist iOS- und Android-Plattformen.

Mobile Plattform	App-Verfügbarkeit
iOS	Verfügbar
Android	Verfügbar

Telefon-Banking-Dienste

Die Bank unterhält eine Kundensupport per Telefon-Banking rund um die Uhr mit speziellen Kundendienstleitungen.

ATM-Netzwerk

First Seacoast Bancorp bietet Zugriff auf 12 proprietäre Geldautomaten in seinen operativen Regionen.

Geldautomatentyp	Anzahl Geldautomaten	Serviceverfügbarkeit
Eigene Geldautomaten	12	24/7

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Kundensegmente

Kleine und mittlere Unternehmen in New Hampshire und Massachusetts

Im vierten Quartal 2023 betreut First Seacoast Bancorp etwa 1.247 kleine und mittlere Geschäftskunden in New Hampshire und Massachusetts.

Geschäftssegment	Anzahl der Kunden	Gesamtes Geschäftskreditvolumen
Einzelhandelsunternehmen	412	37,6 Millionen US-Dollar
Professionelle Dienstleistungen	328	28,9 Millionen US-Dollar
Herstellung	215	42,3 Millionen US-Dollar

Lokale Einzelverbraucher und Familien

Die Bank betreut 18.635 Privatkundenkonten mit einem gesamten persönlichen Bankvermögen von 423,7 Millionen US-Dollar.

• Persönliche Girokonten: 12.845
• Persönliche Sparkonten: 9.217
• Privatkreditkunden: 3.412

Professionelle Dienstleister

Professionelle Dienstleister repräsentieren 287 aktive Geschäftsbankbeziehungen mit einem Gesamtportfoliowert von 52,4 Millionen US-Dollar.

Professionelle Kategorie	Anzahl der Kunden	Durchschnittlicher Kontostand
Juristen	89	$215,000
Gesundheitsdienstleister	124	$187,500
Beratungsunternehmen	74	$276,000

Gemeinnützige Organisationen

First Seacoast Bancorp unterstützt 63 gemeinnützige Organisationen mit spezialisierten Bankdienstleistungen und verwalteten Geldern in Höhe von insgesamt 14,2 Millionen US-Dollar.

Kommunale und staatliche Stellen

Die Bank unterhält Bankbeziehungen zu 22 kommunalen und staatlichen Stellen in New Hampshire und Massachusetts mit einem Gesamttransaktionsvolumen von 87,6 Millionen US-Dollar im Jahr 2023.

Entitätstyp	Anzahl der Kunden	Gesamtbankvolumen
Kommunalverwaltungen	16	62,3 Millionen US-Dollar
Kreiseinheiten	4	15,4 Millionen US-Dollar
Staatliche Behörden	2	9,9 Millionen US-Dollar

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Kostenstruktur

Gehälter und Leistungen der Mitarbeiter

Im Jahresbericht 2022 meldete First Seacoast Bancorp, Inc. Gesamtvergütungsaufwendungen in Höhe von 8.632.000 US-Dollar.

Ausgabenkategorie	Betrag ($)
Gehälter	6,412,000
Leistungen an Arbeitnehmer	2,220,000

Wartung von Technologie und Infrastruktur

Die technologiebezogenen Ausgaben für 2022 beliefen sich auf insgesamt 1.945.000 US-Dollar.

• Wartung der IT-Infrastruktur: 1.245.000 USD
• Softwarelizenzierung: 420.000 US-Dollar
• Cybersicherheitssysteme: 280.000 US-Dollar

Betriebsausgaben der Zweigstelle

Die filialbezogenen Betriebskosten für 2022 beliefen sich auf 3.567.000 US-Dollar.

Betriebskosten	Betrag ($)
Miete und Nebenkosten	1,876,000
Wartung	692,000
Branchenausrüstung	999,000

Kosten für die Einhaltung gesetzlicher Vorschriften und Berichterstattung

Die Compliance-bezogenen Ausgaben beliefen sich im Jahr 2022 auf 1.234.000 US-Dollar.

• Rechts- und Compliance-Mitarbeiter: 687.000 US-Dollar
• Externe Prüfungsgebühren: 347.000 US-Dollar
• Regulatorische Meldesysteme: 200.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die Marketingausgaben für 2022 beliefen sich auf 456.000 US-Dollar.

Marketingkanal	Betrag ($)
Digitales Marketing	187,000
Printwerbung	124,000
Gemeinschaftspatenschaften	145,000

First Seacoast Bancorp, Inc. (FSEA) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Gewerbe- und Privatkrediten

Im vierten Quartal 2023 meldete First Seacoast Bancorp einen Nettozinsertrag von 8,24 Millionen US-Dollar. Das Kreditportfolio gliedert sich wie folgt:

Kreditkategorie	Gesamtguthaben ($)	Prozentsatz des Portfolios
Gewerbliche Immobilienkredite	$157,340,000	42.3%
Hypothekendarlehen für Wohnimmobilien	$98,650,000	26.5%
Kommerziell & Industriekredite	$72,480,000	19.5%
Verbraucherkredite	$43,530,000	11.7%

Gebühren für das Einlagenkonto

Einlagen- und Kontogebühren generierten im Jahr 2023 Einnahmen in Höhe von 1,37 Millionen US-Dollar.

• Monatliche Kontoführungsgebühren
• Überziehungsgebühren
• Gebühren für Geldautomatentransaktionen
• Gebühren für Überweisungen

Gebühren für Anlage- und Vermögensverwaltungsdienstleistungen

Die Einnahmen aus Wertpapierdienstleistungen beliefen sich im Jahr 2023 auf insgesamt 2,15 Millionen US-Dollar, mit folgender Aufschlüsselung der Dienstleistungen:

Servicetyp	Umsatz ($)
Finanzberatungsdienste	$980,000
Portfoliomanagement	$720,000
Ruhestandsplanung	$450,000

Gebühren für digitale Banktransaktionen

Die Gebühren für digitale Banking-Transaktionen beliefen sich im Jahr 2023 auf 673.000 US-Dollar, was einem Anstieg von 12 % gegenüber dem Vorjahr entspricht.

Einnahmen aus der Vergabe und Bedienung von Hypotheken

Die hypothekenbezogenen Einnahmen für 2023 beliefen sich auf 3,42 Millionen US-Dollar und setzten sich zusammen aus:

• Hypothekenaufnahmegebühren: 2,18 Millionen US-Dollar
• Hypothekenbedienungsrechte: 1,24 Millionen US-Dollar

Konsolidierter Gesamtumsatz für First Seacoast Bancorp im Jahr 2023: 15,96 Millionen US-Dollar

First Seacoast Bancorp, Inc. (FSEA) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose First Seacoast Bancorp, Inc. over the competition in the Seacoast region. It's a blend of old-school service and necessary modern tools.

Personalized, Relationship-Based Community Banking Service

First Seacoast Bancorp, Inc. anchors its value proposition in deep local roots and personal connection. This means decisions are made locally, reflecting an understanding of the specific New Hampshire Seacoast economy. The bank was founded in 1890, giving it a legacy of community partnership that spans over a century. This commitment is about more than just proximity; it's about trust built over generations.

The focus is on building relationships, which helps the bank provide honest guidance. This approach supports the core mission of making a positive impact on the communities where it operates. You see this commitment reflected in their operational strategy of attracting deposits from the local public and investing those funds back into the region.

Primary Focus on Residential Real Estate Lending

The lending strategy heavily favors housing in the local market. First Seacoast Bancorp, Inc.'s loan portfolio shows a clear concentration here, with a stated primary focus on residential real estate lending making up 62.7% of the total loan book. This concentration is a key differentiator, as it implies specialized underwriting and market knowledge for one- to four-family residential properties, home equity loans, and lines of credit.

To give you a snapshot of the scale of operations as of late 2025, here are some key financial metrics:

Metric	Period/Date	Amount
Total Assets	June 2025	$604.8Mn
Loan Portfolio Composition (Residential Focus)	As Required	62.7%
Net Interest Income	Nine Months Ended Sept 30, 2025	$10.05 million
Net Income (Loss)	Nine Months Ended Sept 30, 2025	$(0.758) million
Diluted Earnings Per Share	Q3 2025	$0.08

The bank also supports this with other lending categories, including commercial real estate, multifamily, commercial and industrial loans, and acquisition, development and land loans.

Convenient Digital Solutions Like Mobile and Online Banking

While emphasizing local relationships, First Seacoast Bancorp, Inc. recognizes you need modern access. The value proposition includes blending those traditional values with necessary convenience. Customers have access to digital tools that simplify everyday banking tasks.

These convenient options include:

• Mobile banking platforms
• Online banking access
• Digital tools to make banking easier

This dual offering-personal touch supported by digital ease-is how they aim to meet modern financial needs without losing their community focus.

Financial Stability Built on 135 Years of Local Commitment

Longevity itself is a value proposition, signaling resilience and trust. First Seacoast Bancorp, Inc. is celebrating 135 years in business, having started in 1890. This long history suggests the institution has navigated numerous economic cycles, which translates to perceived stability for depositors and borrowers alike.

The bank's commitment is to long-term stability and creating a financially healthy future for the Seacoast region. This is supported by their continued operation and recent financial performance, such as the Q3 2025 net interest income of $3.45 million, showing an increase year-over-year from the prior period's $2.98 million.

The firm's wealth management division also contributes to its overall financial profile, with Assets Under Management reaching $141.5 million at the end of 2024.

First Seacoast Bancorp, Inc. (FSEA) - Canvas Business Model: Customer Relationships

First Seacoast Bancorp, Inc. builds its customer relationships on a foundation established in 1890, emphasizing that some customer relationships span generations.

The high-touch service model is delivered through a physical footprint consisting of a headquarters in Dover, New Hampshire, and four additional branch offices in the Seacoast region, totaling five full-service banking offices. This structure supports personalized attention at the branch level, combining this local presence with digital banking capabilities.

Key metrics reflecting the scale of these relationships and service structure include:

Metric	Value	Date/Period
Total Consolidated Assets	$580.8 million	December 31, 2024
Total Deposits	$454.2 million	December 31, 2024
Total Assets Under Management (AUM)	$141.5 million	December 31, 2024
Investment Services Fees	$431,000	2024
Number of Financial Advisors (FSB Wealth Management)	Two	As of late 2025 data
Total Full-Service Banking Offices	Five	As of late 2025 data

Community-focused engagement is a stated priority, with First Seacoast Bank active in community development lending and investments in low-income housing, aiming to foster lasting partnerships and support the financial well-being of its clients within its primary market area, which includes Strafford and Rockingham Counties in New Hampshire and York County in southern Maine.

Direct access to specialized financial advice is structured through the FSB Wealth Management division, which offers non-FDIC insured products including:

• Retirement planning services
• Portfolio management strategies
• Investment and insurance strategies
• Business retirement plans
• College planning services

First Seacoast Bancorp, Inc. (FSEA) - Canvas Business Model: Channels

You're looking at how First Seacoast Bancorp, Inc. gets its products and services into the hands of its customers across the Seacoast region and beyond as of late 2025. The channels mix is a blend of traditional physical presence and modern digital tools, which is typical for a community-focused institution that has expanded its reach.

The physical footprint remains a core channel, anchored by its headquarters in Dover, New Hampshire. This network is designed to provide face-to-face service for complex transactions and relationship building.

• Network of five full-service branch offices in the Seacoast region of New Hampshire.
• Branch locations include Dover (Headquarters), Barrington, Durham, Portsmouth, and Rochester.
• The bank emphasizes local decision-making through this physical presence.

Digital banking platforms are essential for day-to-day customer interaction, supporting the community banking model with accessibility. While specific active user counts for 2025 aren't public, the focus is on secure, accessible account management.

• Mobile and online banking platforms for accessible account management.
• Commitment to providing an added layer of security to the online banking experience, with a new feature coming soon.

For lending, especially for commercial and residential needs, direct engagement through dedicated officers is a key channel. This supports the loan portfolio composition, which as of December 31, 2024, was heavily weighted toward residential mortgages.

Channel Component	Metric Type	Value as of Latest Report	Date/Period
Total Assets (First Seacoast Bancorp, Inc.)	Financial Amount	$604.8 Million	June 2025
Total Deposits (First Seacoast Bank)	Financial Amount	$489,906 Thousand	2025 (Unspecified Quarter)
Residential Real Estate Loans (1-4 Family)	Portfolio Composition	62.7%	December 31, 2024
Commercial Real Estate Loans	Portfolio Composition	19.6%	December 31, 2024

The FSB Wealth Management division acts as a distinct channel for investment services, separate from standard retail banking products. This division saw growth in assets under management through the end of 2024.

Here's the quick math on the Wealth Management growth leading into 2025:

• Total assets under management reached $141.5 million.
• Investment services fees grew to $431,000.
• This represents an increase from $332,000 in investment services fees reported for 2023.

What this estimate hides is the current AUM as of late 2025, but the trend shows positive momentum from the prior year-end figure. Finance: draft 13-week cash view by Friday.

First Seacoast Bancorp, Inc. (FSEA) - Canvas Business Model: Customer Segments

You're looking at the core groups First Seacoast Bancorp, Inc. (FSEA) focuses on serving with its community banking model. The customer base is deeply rooted in the New Hampshire Seacoast region.

Individuals and families in the New Hampshire Seacoast area

The primary retail customer base consists of individuals and families within the immediate operating footprint. First Seacoast Bank has its headquarters in Dover, New Hampshire, and maintains four additional branch offices in the Seacoast region. These locations serve as the physical touchpoints for this segment.

• Operating from its main office in Dover, NH.
• Branch offices are located in Barrington, NH, Durham, NH, Portsmouth, NH, and Rochester, NH.
• Retail offerings include deposit accounts like checking, savings, money market, and certificate of deposit products.
• Consumer lending solutions cover residential mortgages, home equity lines of credit, and vehicle financing.

Small to mid-sized businesses requiring commercial real estate loans

This segment drives a key part of the lending strategy, focusing on relationship-based commercial banking. The bank actively seeks to grow its commercial real estate and commercial and industrial lending. As of December 31, 2024, commercial real estate loans represented 19.6% of the total loan portfolio. Furthermore, the Bank pledged $65.0 million of commercial real estate loans under a credit facility, which provided $38.5 million in borrowing capacity as of January 16, 2025. Commercial services offered include commercial mortgages, SBA Loans, lines of credit, and equipment financing.

Affluent individuals seeking wealth management and investment services

FSB Wealth Management, a division of First Seacoast Bank, targets clients needing more than standard banking. This division offers investment management services, retirement planning, portfolio management, and estate administration. The division employs two financial advisors, both located in Dover, New Hampshire. This segment has shown growth, with total assets under management increasing to $141.5 million at December 31, 2024, up from $123.5 million at December 31, 2023. Investment services fees reflected this growth, rising to $431,000 in 2024 from $332,000 in 2023.

Local depositors in Dover, Portsmouth, and surrounding towns

Attracting and maintaining core deposits from the local community is fundamental to the funding strategy, aiming to reduce reliance on higher-cost borrowings. The bank is committed to building one of the best, granular customer deposit franchises in the country. As of the third quarter ended September 30, 2025, Total Deposits for First Seacoast Bancorp, Inc. stood at $499,246 thousand. This loyal customer base supports the bank's operations across its five offices in the Seacoast region.

Here's a quick look at the scale of the customer base funding and lending as of late 2025:

Metric	Amount (USD, in thousands)	As of Date
Total Deposits	499,246	2025-09-30
Total Assets	609,679	2025-09-30
Net Loans & Leases	430,040	2025-09-30
Loans Secured by Real Estate	399,257	2025-09-30
Commercial and Industrial Loans	25,205	2025-09-30
Wealth Management Assets Under Management	141.5 million	2024-12-31

First Seacoast Bancorp, Inc. (FSEA) - Canvas Business Model: Cost Structure

You're looking at the core expenses First Seacoast Bancorp, Inc. faces to keep its community banking operations running. Honestly, for a bank, the cost of money-what you pay depositors and lenders-is usually the biggest item, followed closely by the cost of people and the physical footprint.

The most significant interest-related outlay is the interest expense on deposits and borrowings. For the year 2024, this figure totaled $13.5 million. This number reflects the cost of funding the bank's assets in a dynamic rate environment, which the company noted was impacted by an unfavorable interest rate environment, even with some short-term rate reductions late in 2024.

The broader category covering staff and overhead is the personnel and non-interest operating expenses. For the full year ended December 31, 2024, total non-interest expense was $343.3 million, representing a decrease of $52.3 million, or 13%, from the prior year. Personnel costs are a major driver within this. For instance, salaries and wages alone in the fourth quarter of 2024 were $42.4 million, up 10% from the fourth quarter of 2023, reflecting continued onboarding of talent.

This operational cost base supports the bank's physical presence. First Seacoast Bancorp, Inc. operates through its headquarters in Dover, New Hampshire, and maintains five branch offices in the Seacoast region. You can see the key financial components of the cost structure below:

Cost Component	Latest Reported Amount (Year Ended Dec 31, 2024)	Context/Detail
Interest Expense on Deposits and Borrowings	$13.5 million	Increased 49.0% from 2023.
Total Non-Interest Expense	$343.3 million	A decrease of 13% compared to 2023.
Salaries and Wages (Q4 2024 Only)	$42.4 million	Represents personnel costs for one quarter.
Number of Branch Offices	Five	Includes headquarters in Dover, NH.

Next, you have the necessary, though less granularly detailed in public filings, costs related to regulatory compliance and FDIC insurance. The Dodd-Frank Act has defintely added to the regulatory burden and associated compliance expense for First Seacoast Bank. Specific dollar figures for compliance and FDIC insurance separate from the total non-interest expense were not explicitly itemized in the latest available reports.

Finally, the investment in the customer experience requires spending on technology and digital platform maintenance expenses. While the bank is focused on disciplined growth, specific annual spending on technology infrastructure to support digital services isn't broken out separately from the overall non-interest expense base. The bank does offer advanced mobile and online banking solutions.

Here are the key elements that make up the non-interest operating expense bucket:

• Personnel costs, including salaries and wages.
• Occupancy expenses for the five branch locations.
• Costs associated with regulatory adherence and deposit insurance.
• Technology maintenance and digital platform upkeep.

Finance: draft 13-week cash view by Friday.

First Seacoast Bancorp, Inc. (FSEA) - Canvas Business Model: Revenue Streams

You're looking at how First Seacoast Bancorp, Inc. actually brings in the money. For a community bank like First Seacoast Bancorp, Inc., the revenue streams are pretty standard, but the numbers tell the real story of their performance, especially as they navigate the rate environment.

The core of the revenue engine is the spread between what they earn on their assets and what they pay on their liabilities. For the full 2024 fiscal year, Net Interest Income-that key metric-came in at $11.9 million. That was a 3.4% increase from the prior year, even though the net interest margin itself compressed slightly to 2.09% in 2024 from 2.16% in 2023. To give you a sense of the momentum heading into late 2025, the nine months ending September 30, 2025, showed Net Interest Income reaching $10.05 million, up from $8.9 million for the same period in 2024, with the third quarter of 2025 alone hitting $3.45 million.

The gross earnings from the earning assets are substantial. Total interest and dividend income, which is heavily weighted by the loan portfolio, totaled $25.4 million in 2024. That was a solid jump of 23.5% over 2023, driven by higher interest and fees on loans and increased income from investments. The loan portfolio itself is concentrated, with one- to four-family residential real estate loans making up 62.7% of the portfolio as of December 31, 2024.

Here's a quick look at the primary income drivers for 2024:

Revenue Stream Component	2024 Amount (USD)
Net Interest Income	$11.9 million
Total Interest and Dividend Income (Loan/Investment Earnings)	$25.4 million
Investment Services Fees	$431,000

Beyond the interest income, First Seacoast Bancorp, Inc. generates Non-interest income, which includes customer service fees and revenue from their wealth management division, FSB Wealth Management. This non-interest component was a significant factor in improving the bottom line, contributing to a reduction in the Net Loss for 2024 to $513,000, a big improvement from the $10.7 million net loss the year prior. The wealth management side is definitely growing its fee base; total assets under management (AUM) stood at $141.5 million at the end of 2024, up from $123.5 million at the end of 2023. This growth helped push Investment services fees up to $431,000 in 2024, up from $332,000 in 2023. Plus, they were actively working on increasing customer fee income, with recommendations from a comprehensive review starting to be implemented in early 2025.

You can see the mix of their non-interest income sources by looking at the components that feed into that stream:

• Customer Service Fees: Targeted for increases following a review implemented in early 2025.
• Wealth Management Fees: Directly tied to AUM growth, which reached $141.5 million by year-end 2024.
• Investment Services Fees: Increased to $431,000 in 2024.
• Other Non-Interest Income: Contributed to the overall positive swing in the 2024 net loss reduction.

Finance: draft 13-week cash view by Friday.