# FIRST SEACOAST BANK
DOVER, NH · FDIC certificate 29744 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $576.3M | |
| Deposits | $472.1M | |
| Loans and leases | $421.8M | |
| Total equity | $47.3M | |
| Loans / deposits | 88.62% (p68 of band) | 82.04% |
| Liquid assets / assets | 24.17% (p48 of band) | |
| Uninsured deposits / deposits | 27.40% (p57 of band) | 25.97% |
| Brokered deposits | 9.88% | |
| Wholesale funding | 17.66% (p91 of band) | |
| FHLB advances / assets | 7.78% | |
| Tier 1 leverage | 8.92% (p12 of band) | 10.81% |
| Unrealized securities loss / equity | -13.99% (p34 of band) | -8.10% |
| AOCI / equity | 0.00% (p75 of band) | |
| ROA (annualized) | -0.09% (p3 of band) | 1.28% |
| Net interest margin | 2.56% (p4 of band) | 3.91% |
| Efficiency ratio | 102.62% (p98 of band) | |
| Noncurrent loans | 0.03% (p15 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p24 of band) | |
| Reserve coverage of noncurrent | 2678.12% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 33.40% (p41 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -3.6% | |
| Employees | 68 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, securities losses >30% of equity, reserve under noncurrent |  |
| 2011-06 | 4 |  | liquid assets <10% |
| 2011-09 | 5 | liquid assets <10% |  |
| 2011-12 | 4 |  | reserve under noncurrent |
| 2012-03 | 4 | capital falling, uninsured deposits leaving | securities losses >30% of equity, liquid assets <10% |
| 2012-06 | 3 |  | capital falling |
| 2012-09 | 2 |  | uninsured deposits leaving |
| 2012-12 | 2 |  |  |
| 2013-03 | 3 | capital falling |  |
| 2013-06 | 2 |  | capital falling |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 3 | capital falling |  |
| 2014-09 | 2 |  | capital falling |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 3 | expense ratio p90 |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 | liquid assets <10% | wholesale funding >15% |
| 2016-06 | 2 |  | liquid assets <10% |
| 2016-09 | 3 | capital falling |  |
| 2016-12 | 4 | wholesale funding >15% |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 4 |  |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 2 |  | capital falling, wholesale funding >15% |
| 2019-12 | 3 | wholesale funding >15% |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 2 |  | wholesale funding >15% |
| 2021-03 | 0 |  | loans exceed deposits, expense ratio p90 |
| 2021-06 | 0 |  |  |
| 2021-09 | 2 | capital falling, expense ratio p90 |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | capital falling |
| 2022-06 | 3 | wholesale funding >15%, AOCI drag >20% of equity |  |
| 2022-09 | 5 | capital falling, securities losses >30% of equity |  |
| 2022-12 | 7 | loans exceed deposits, losing money |  |
| 2023-03 | 2 | NIM <2.5% | wholesale funding >15%, AOCI drag >20% of equity, capital falling, securities losses >30% of equity, loans exceed deposits, losing money |
| 2023-06 | 5 | loans exceed deposits, wholesale funding >15%, losing money |  |
| 2023-09 | 6 | capital falling, securities losses >30% of equity | loans exceed deposits |
| 2023-12 | 5 |  | securities losses >30% of equity |
| 2024-03 | 5 |  |  |
| 2024-06 | 2 |  | expense ratio p90, losing money, capital falling |
| 2024-09 | 3 | expense ratio p90 |  |
| 2024-12 | 6 | brokered >10%, capital falling, losing money |  |
| 2025-03 | 6 |  |  |
| 2025-06 | 6 |  |  |
| 2025-09 | 6 |  |  |
| 2025-12 | 6 |  |  |
| 2026-03 | 4 |  | brokered >10%, capital falling |
| 2026-06 | 3 |  | NIM <2.5% |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-05 [Cambridge Savings Bank expands into NH in $80.9M deal - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPSDBEc3VUYk5KT3drOHplQmJvbWNCakZiTVg4TFM4WDAxVUpwV3luRmltWUN5RHAyTkRONENtRnRqaXdVZ1pFdkM1Sy1JU3h3SWpOX0FRcTJBemMtSTFiR1dfaThic0hXVUlPTHVBTWZ1bzRYampvWTUwNHlKVUlxeXVZTnhiTUk3LWk4bjdJZHNrN3puNHZYVjZvYUswR3gyQnhsSWhDUS12aVVaTVk0bHI3TnNILXlF?oc=5) · Banking Dive
- 2026-05-06 [Cambridge Savings Bank to buy First Seacoast for $80.9M - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPd2JHY1hwMERZV25OckNOY25UWkRfQlhuVGNDak1sWTFWU0dWZkVTdU9kSF9ZTUdmdVNkYTJyeUJYNXFJeUotZHhZLW56cDQ2UU5ha2huUTZRSm9lM210blM1Zm0xa2VWQzMzWUxkSWwzUmRYSGpUSWdiTkwwaC1YMWhwb2FwTHJIMWZoSFpCdGg2VzcxR1FlWE9iZkdSQ0VkaTZ0SE5la00?oc=5) · The Business Journals
- 2026-05-05 [Boston-area mutual bank agrees to buy New Hampshire lender - American Banker](https://news.google.com/rss/articles/CBMimgFBVV95cUxPZDZXUmJyMmswQUwwZ0RWMHdSZzZBLWgzdU9jem5KZnBlcUo0Z0FCcGxhNXNQbElWWnVuM2F6WHY0cEJsX3BoeUl5RTlSRDZIOTNaNU03N19Mdm1LVHBUVnpCa3FYeXdnUTJOWG9QaEw3LWRFdE1HWmZXY2c0RXFCRjdXTVFQRy1YVzd4cTM0cEZTU21oWnZiZE5R?oc=5) · American Banker
- 2026-05-05 [Cambridge Savings Bank to acquire First Seacoast for $80.9M - Investing.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxNUk1iN29HaGdsSGdCUVNYM0xTa0VXcG1zTFUwNjE4d3VuZzNjNXF5Q1M4ZndBSGI4LWxxcEpfa2stLWlGTnh2N0JqNDNYWE8xLVRDMDgxVFFJNVRpc1M4bE9mUXdhWlU2Wl92Sy1QaWd0TE9jQmtwckxoOFE3aW9LTXJRd29pRjdjajIwTExXSU1fNzVhaXRfM3FxcGE2OVFLdXNwR3QtYTBLeUZncWxwLXRYcXI?oc=5) · Investing.com
- 2026-05-05 [Cambridge Financial Group and First Seacoast Bancorp Agree to $80.9M All-Cash Merger - citybiz](https://news.google.com/rss/articles/CBMivwFBVV95cUxOa2NLcDBMcURBbWJONFdhUUE3RkJMcXo5a2xDTDFObVBpaktlYm9zRnl2c0FhbU01N3BVU20tc0ZFOEoyU1ExbTV4M0dYSDdlV0t6aXZZd1pDcHkxTWhEdmpTNHZDMjQyUjFyNFdoX1JsTm14WmE0NTZLWFUwQUVCMG9QN0VBR3RfZ3BCZUkxc21kVXFJSDFzak9kdmxsam0wWUM1MVhBdEFPcjYtTUpXdDlfY25OSTh3WDNWd09GQQ?oc=5) · citybiz
- 2026-05-06 [Cambridge Financial Group: $80.9 Million Merger Agreement With First Seacoast Bancorp - Pulse 2.0](https://news.google.com/rss/articles/CBMipgFBVV95cUxQZnFtTDk2Vkd3UEk3WDkzV25VVHpucWhjMkg1SE1EMzlZMUstcG5DYUFIeFkwdkR5TnRKSlZOYVg1cHVOM2YzX1BORmUzYXpCV0lfZUMybEVXdUJHQUswbkxNbWwxX0pxUThaUE9GRWdZWFVFc2liS01WT3BIOTdDWkh1QW0zRFZiZHl3dGtDYkZuNGFiT2FfN1otLXNwMlNRb24wampB0gGrAUFVX3lxTE9EWXpidlotamt4dXp2Q0lwaldnczdMSXFBQWpKYUVFMXVGc19pNkJ5WXZ2b2hybHYySFEwRVk5OGRrQ3N2a3FMRGE3SjRfV3RicUNwUG5CbXRPZlRQSjFNS09RS0VCR0NDZXFFdFYxUVZQNmJrV0lERWg5cGNPTjFUenp5SnVKNkp6Y1ZJR25YMVlyTUo1eFhOT0p0Wml4ZlpKMzFWa3VMNkVhNA?oc=5) · Pulse 2.0
- 2026-05-08 [One of NH’s Seacoast Banks Is Merging With a Massachusetts Bank - WOKQ](https://news.google.com/rss/articles/CBMicEFVX3lxTE0yblR5UjRsZjZ0YUIyYVRrQkpISTktMjduLVo2SjhnMG1JNWt6WWNwcjd5SEx3eTdzX09BV2Z5bGczMXh4SVE2d2lpNnNNY1VzUXFkUWo4NElsaEZ3a2JnUTNGc1FZY2VSMmpjdTVTeU4?oc=5) · WOKQ
- 2026-05-05 [Cambridge Financial Group to Acquire First Seacoast Bancorp in $80.9M All-Cash Merger - citybiz](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOMUZWelRfVFRNOHA1a09lS25faUZ6SFdBNkRrSUNGbVRJdTh1dHJHWnZHZDBhb1FYcERlZDAtZml4UmRFZlRMR0J4N2x2b1BtdEdMSTFfRHczamdrVldLQXlKaUtqdkRvMkRKUWYydlhfeUJtUVlrb0hZTjdDb1FaQlppWGVldFBSQXBkeTNONGF1ME02Sl9tX3dBTWJyam11VUN3ZzBObHE2TGZSdURoWDRNellKWjNUM2hSZ3QzWmI?oc=5) · citybiz

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29744 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/48.json (key "29744", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide