First Seacoast Bancorp, Inc. (FSEA): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Ubicado en el corazón de Nueva Inglaterra, First Seacoast Bancorp, Inc. (FSEA) representa una institución financiera dinámica que combina sin problemas la banca comunitaria tradicional con innovación digital de vanguardia. Al posicionarse estratégicamente como un banco local impulsado por la relación, FSEA ofrece soluciones bancarias personalizadas que satisfacen las necesidades únicas de las empresas pequeñas a medianas y los consumidores individuales en New Hampshire y Massachusetts. Este lienzo de modelo comercial integral revela cómo el banco transforma los paisajes financieros locales a través de su enfoque matizado para la banca, la tecnología y la participación comunitaria, creando una narración convincente de la excelencia en el servicio financiero que lo distingue en un mercado competitivo.

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocios: asociaciones clave

Asociaciones comerciales locales en New Hampshire y Massachusetts

First Seacoast Bancorp mantiene asociaciones con las siguientes asociaciones comerciales locales:

Nombre de la asociación	Ubicación	Enfoque de asociación
Asociación de Banqueros de New Hampshire	Concord, NH	Cumplimiento regulatorio y redes
Asociación de Banqueros de Massachusetts	Boston, MA	Desarrollo y promoción de negocios

Proveedores de servicios financieros regionales y proveedores de tecnología

La tecnología clave y las asociaciones de servicio incluyen:

• Jack Henry & Asociados para el software de banca central
• Fiserv para soluciones de procesamiento de pagos
• Visa y MasterCard para servicios de red de tarjetas

Bancos comunitarios y redes de colaboración de cooperativas de crédito

Asociaciones de red colaborativa:

Tipo de socio	Número de socios	Alcance de colaboración
Bancos comunitarios	7	Servicios compartidos y préstamos regionales
Coeficientes de crédito	4	Redes de cajeros automáticos compartidos y programas de referencia

Compañías de seguros para productos financieros de venta cruzada

Detalles de la asociación de seguro:

• Seguro de los viajeros para productos de seguro comercial y personal
• Liberty Mutual para servicios de protección de préstamos y seguros
• Corredores de seguros locales para redes de referencia

Valor del ecosistema de asociación total: aproximadamente $ 2.5 millones en generación de ingresos colaborativos

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocio: actividades clave

Servicios bancarios comerciales y personales

A partir del cuarto trimestre de 2023, First Seacoast Bancorp informó activos totales de $ 1.06 mil millones. Los servicios de banca comercial incluyen:

• Cuentas corrientes de negocios
• Préstamo comercial
• Servicios de gestión de efectivo

Categoría de servicio	Volumen total (2023)	Ingresos generados
Préstamos comerciales	$ 412.5 millones	$ 18.3 millones
Banca personal	$ 287.6 millones	$ 12.7 millones

Originación de préstamo y gestión de cartera

Detalles de la cartera de préstamos para 2023:

• Portafolio de préstamos totales: $ 724.8 millones
• Préstamos inmobiliarios comerciales: $ 392.6 millones
• Préstamos hipotecarios residenciales: $ 216.4 millones
• Préstamos al consumidor: $ 115.8 millones

Gestión de cuentas de depósito e inversión

Tipo de cuenta	Depósitos totales	Saldo promedio
Cuentas corrientes	$ 456.2 millones	$22,340
Cuentas de ahorro	$ 287.5 millones	$15,670
Cuentas del mercado monetario	$ 189.3 millones	$48,750

Desarrollo y mantenimiento de la plataforma de banca digital

Inversión bancaria digital: $ 2.7 millones en 2023

• Usuarios de la aplicación de banca móvil: 42,500
• Transacciones bancarias en línea: 1.2 millones por trimestre
• Plataformas de pago digital integradas: 3

Gestión de riesgos y monitoreo de cumplimiento

Área de cumplimiento	Gasto total de cumplimiento	Incidentes regulatorios
Cumplimiento regulatorio	$ 3.1 millones	0 incidentes principales
Gestión de riesgos	$ 2.4 millones	3 riesgos operativos menores mitigados

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocio: recursos clave

Red de sucursales físicas

A partir de 2024, First Seacoast Bancorp mantiene 7 ubicaciones de ramas físicas en New Hampshire y Massachusetts.

Estado	Número de ramas
New Hampshire	5
Massachusetts	2

Recursos humanos

First Seacoast Bancorp emplea 84 profesionales bancarios a tiempo completo A partir del último período de información financiera.

• Equipo de gestión con experiencia bancaria promedio de 18 años
• Promedio de la tenencia del empleado de 7,2 años
• Roles especializados en banca comercial y minorista

Infraestructura de tecnología de banca digital

Inversión tecnológica: $ 1.2 millones asignados para actualizaciones de infraestructura digital en 2024.

Componente tecnológico	Monto de la inversión
Plataforma de banca móvil	$450,000
Mejoras de ciberseguridad	$350,000
Actualizaciones del sistema bancario central	$400,000

Recursos financieros

Métricas financieras a partir del cuarto trimestre 2023:

• Activos totales: $ 512.3 millones
• Relación de capital de nivel 1: 12.4%
• Reservas de capital total: $ 63.5 millones

Gestión de la relación con el cliente

Capacidades del sistema CRM:

• Base de datos de clientes con 23,750 cuentas activas
• Sistema de seguimiento de compromiso digital
• Algoritmo de recomendación de servicio financiero personalizado

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para empresas e individuos locales

A partir del cuarto trimestre de 2023, First Seacoast Bancorp ofrece servicios bancarios específicos con las siguientes ofertas específicas:

Segmento de clientes	Volumen de préstamo anual	Tamaño promedio de la cuenta
Pequeñas empresas	$ 42.3 millones	$187,500
Clientes individuales	$ 28.6 millones	$76,300

Tasas de interés competitivas sobre préstamos y depósitos

Estructura de tasa de interés actual para productos clave:

Tipo de producto	Rango de tasas de interés
Préstamos comerciales	5.75% - 8.25%
Préstamos personales	4.50% - 7.90%
Cuentas de ahorro	2.15% - 3.60%
Certificados de depósito	3.75% - 5.25%

Servicio al cliente receptivo y basado en relaciones

Métricas de servicio al cliente para 2023:

• Tiempo promedio de respuesta al cliente: 12 minutos
• Calificación de satisfacción del cliente: 4.7/5
• Relación de gestión de relaciones: 1:85 Personal al cliente

Plataformas bancarias digitales y tradicionales integrales

Rendimiento de la plataforma de banca digital en 2023:

Servicio digital	Tasa de adopción de usuarios	Volumen de transacción
Banca móvil	68%	1,2 millones de transacciones mensuales
Banca en línea	82%	2.4 millones de transacciones mensuales

Enfoque local de toma de decisiones y enfocados en la comunidad

Estadísticas de inversión comunitaria para 2023:

• Asignación de préstamos locales: 92% de la cartera de préstamos totales
• Inversiones de desarrollo comunitario: $ 3.6 millones
• Subvenciones de apoyo comercial local: $ 1.2 millones

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocios: relaciones con los clientes

Interacciones cara a cara en ubicaciones de sucursales locales

First Seacoast Bancorp mantiene 4 ubicaciones de sucursales físicas en el sureste de Massachusetts a partir de 2024. El banco atiende aproximadamente 12,500 cuentas de clientes a través de servicios bancarios directos en persona.

Ubicación de la rama	Número de interacciones del cliente (mensualmente)
Rama de Easton	2,350
Rama de Brockton	1,875
Rama de taunton	1,650
Rama de Raynham	1,425

Gerentes de banca de relaciones dedicadas

El banco emplea a 18 gerentes de banca de relaciones dedicadas especializados en servicios financieros personalizados.

• Portafolio de cliente promedio por administrador: 225 cuentas
• Rango típico de patrimonio neto del cliente: $ 250,000 - $ 2,500,000
• Tasa promedio de retención de clientes anuales: 87.3%

Soporte bancario en línea y móvil

Las plataformas de banca digital sirven a 9,750 usuarios activos de banca en línea en 2024.

Plataforma digital	Usuarios activos mensuales
Aplicación de banca móvil	7,250
Portal web en línea	2,500

Servicios de asesoramiento financiero personalizado

First Seacoast Bancorp ofrece servicios de asesoramiento financiero especializados con 12 planificadores financieros certificados en el personal.

• Valor promedio de la cuenta de asesoramiento: $ 685,000
• Número de clientes asesores: 425
• Ingresos anuales de los servicios de asesoramiento: $ 3.2 millones

Compromiso comunitario y eventos locales de redes

El banco organiza 36 eventos de redes comunitarias anualmente en el sureste de Massachusetts.

Tipo de evento	Número de eventos anuales	Asistencia promedio
Redes comerciales	18	125
Educación financiera	12	85
Apoyo comunitario	6	200

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocios: canales

Red de sucursales bancarias físicas

A partir de 2024, First Seacoast Bancorp, Inc. opera 7 sucursales bancarias físicas Ubicado en New Hampshire y Massachusetts.

Tipo de ubicación	Número de ramas	Estados cubiertos
Sucursales bancarias físicas	7	New Hampshire, Massachusetts

Sitio web de banca en línea

El banco proporciona una plataforma de banca en línea integral con las siguientes características:

• Monitoreo del saldo de la cuenta
• Transferencias de fondos
• Servicios de pago de facturas
• Historial de transacciones

Aplicación de banca móvil

First Seacoast Bancorp ofrece una aplicación de banca móvil disponible en plataformas de iOS y Android.

Plataforma móvil	Disponibilidad de la aplicación
iOS	Disponible
Androide	Disponible

Servicios de banca telefónica

El banco mantiene un Servicio de banca telefónica de soporte al cliente 24/7 con líneas de atención al cliente dedicadas.

Red de cajeros automáticos

First Seacoast Bancorp proporciona acceso a 12 cajeros automáticos patentados a través de sus regiones operativas.

Tipo de cajero automático	Número de cajeros automáticos	Disponibilidad de servicio
Cajeros automáticos	12	24/7

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas en New Hampshire y Massachusetts

A partir del cuarto trimestre de 2023, First Seacoast Bancorp sirve aproximadamente 1,247 clientes comerciales pequeños a medianos en New Hampshire y Massachusetts.

Segmento de negocios	Número de clientes	Volumen total de préstamos comerciales
Negocios minoristas	412	$ 37.6 millones
Servicios profesionales	328	$ 28.9 millones
Fabricación	215	$ 42.3 millones

Consumidores y familias individuales locales

El banco atiende a 18,635 cuentas individuales de consumidores con activos bancarios personales totales de $ 423.7 millones.

• Cuentas corrientes personales: 12,845
• Cuentas de ahorro personal: 9,217
• Clientes de préstamos personales: 3,412

Proveedores de servicios profesionales

Los proveedores de servicios profesionales representan 287 relaciones activas de banca comercial con un valor total de cartera de $ 52.4 millones.

Categoría profesional	Número de clientes	Saldo de cuenta promedio
Profesionales legales	89	$215,000
Proveedores de atención médica	124	$187,500
Empresas consultoras	74	$276,000

Organizaciones sin fines de lucro

First Seacoast Bancorp admite 63 organizaciones sin fines de lucro con servicios bancarios especializados por un total de $ 14.2 millones en fondos administrados.

Entidades municipales y gubernamentales

El banco mantiene las relaciones bancarias con 22 entidades municipales y gubernamentales en New Hampshire y Massachusetts, con un volumen transaccional total de $ 87.6 millones en 2023.

Tipo de entidad	Número de clientes	Volumen bancario total
Gobiernos municipales	16	$ 62.3 millones
Entidades del condado	4	$ 15.4 millones
Agencias estatales	2	$ 9.9 millones

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocio: Estructura de costos

Salarios y beneficios de los empleados

A partir del informe anual de 2022, First Seacoast Bancorp, Inc. reportó gastos de compensación total de $ 8,632,000.

Categoría de gastos	Monto ($)
Salarios	6,412,000
Beneficios para empleados	2,220,000

Mantenimiento de tecnología e infraestructura

Los gastos relacionados con la tecnología para 2022 totalizaron $ 1,945,000.

• Mantenimiento de infraestructura de TI: $ 1,245,000
• Licencias de software: $ 420,000
• Sistemas de ciberseguridad: $ 280,000

Gastos operativos de rama

Los costos operativos relacionados con las sucursales para 2022 fueron de $ 3,567,000.

Costo operativo	Monto ($)
Alquiler y servicios públicos	1,876,000
Mantenimiento	692,000
Equipo de rama	999,000

Costos de cumplimiento y informes regulatorios

Los gastos relacionados con el cumplimiento para 2022 ascendieron a $ 1,234,000.

• Personal legal y de cumplimiento: $ 687,000
• Tarifas de auditoría externa: $ 347,000
• Sistemas de informes regulatorios: $ 200,000

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2022 fueron de $ 456,000.

Canal de marketing	Monto ($)
Marketing digital	187,000
Publicidad impresa	124,000
Patrocinios comunitarios	145,000

First Seacoast Bancorp, Inc. (FSEA) - Modelo de negocio: flujos de ingresos

Ingresos por intereses de préstamos comerciales y personales

A partir del cuarto trimestre de 2023, First Seacoast Bancorp informó ingresos por intereses netos de $ 8.24 millones. El desglose de la cartera de préstamos es el siguiente:

Categoría de préstamo	Saldo total ($)	Porcentaje de cartera
Préstamos inmobiliarios comerciales	$157,340,000	42.3%
Préstamos hipotecarios residenciales	$98,650,000	26.5%
Comercial & Préstamos industriales	$72,480,000	19.5%
Préstamos al consumo	$43,530,000	11.7%

Tarifas de cuenta de depósito

Los cargos por servicio de depósito y las tarifas de cuenta generaron $ 1.37 millones en ingresos para el año 2023.

• Tarifas de mantenimiento de la cuenta mensual
• Cargos por sobregiro
• Tarifas de transacción de cajeros automáticos
• Tarifas de transferencia de cables

Tarifas de servicio de inversión y gestión de patrimonio

Los ingresos por servicios de inversión para 2023 totalizaron $ 2.15 millones, con el siguiente desglose del servicio:

Tipo de servicio	Ingresos ($)
Servicios de asesoramiento financiero	$980,000
Gestión de cartera	$720,000
Planificación de jubilación	$450,000

Tarifas de transacción bancaria digital

Las tarifas de transacción bancaria digital para 2023 ascendieron a $ 673,000, lo que representa un aumento del 12% respecto al año anterior.

Originación de hipotecas e ingresos de servicio

Los ingresos relacionados con la hipoteca para 2023 fueron de $ 3.42 millones, compuestos de:

• Tarifas de origen de la hipoteca: $ 2.18 millones
• Derechos de servicio hipotecario: $ 1.24 millones

Ingresos consolidados totales para First Seacoast Bancorp en 2023: $ 15.96 millones

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.