First Seacoast Bancorp Financial Leverage

What does First Seacoast Bancorp do? First Seacoast Bancorp Inc, trading under the ticker FSEA, is a financial services company based in Dover, New Hampshire. The company, which became publicly traded on July 17, 2019, operates as a holding company for Federal Savings Bank, a federally chartered subsidiary savings and loan mutual holding company. It provides banking services to customers in the Seacoast communities of New Hampshire, serving through its main office in Dover and four branch locations in Barrington, Durham, Portsmouth, and Rochester. The bank offers a range of lending products including commercial real estate loans, multifamily and five dwelling unit loans, commercial and industrial loans, acquisition, development, and land loans, as well as one to four family residential loans, home equity lines of credit, and consumer loans. Investment activities include United States Government-sponsored entities bonds and mortgage-backed securities. Primary funding sources for the bank consist of deposits, loan and security principal and interest payments, loan sale proceeds, and securities maturity proceeds. The company employs 80 full-time staff members. Its operations are focused on the New Hampshire market, with a particular emphasis on community banking services within the Seacoast region. First Seacoast Bancorp is one of the most popular companies on Eulerpool.