First Seacoast Bancorp (First Seacoast Bancorp) Allowance For Loans And Lease Losses : $-3.39 Mil (As of Dec. 2023)

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What is First Seacoast Bancorp Allowance For Loans And Lease Losses?

First Seacoast Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-3.39 Mil.

First Seacoast Bancorp's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-3.32 Mil) to Sep. 2023 ($-3.35 Mil) and declined from Sep. 2023 ($-3.35 Mil) to Dec. 2023 ($-3.39 Mil).

First Seacoast Bancorp's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-3.59 Mil) to Dec. 2022 ($-3.58 Mil) and increased from Dec. 2022 ($-3.58 Mil) to Dec. 2023 ($-3.39 Mil).

First Seacoast Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for First Seacoast Bancorp's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Seacoast Bancorp Allowance For Loans And Lease Losses Chart

First Seacoast Bancorp Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-2.88

-3.34

-3.59

-3.58

-3.39

First Seacoast Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-3.58	-3.29	-3.32	-3.35	-3.39

First Seacoast Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

First Seacoast Bancorp Allowance For Loans And Lease Losses Related Terms

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First Seacoast Bancorp (First Seacoast Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Seacoast Bancorp Inc (NAS:FSEA) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

633 Central Avenue, Dover, NH, USA, 03820

Website

https://www.firstseacoastbank.com

First Seacoast Bancorp Inc is a savings and loan holding company. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank, in one-to-four-family residential real estate loans, commercial real estate, and multi-family real estate loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. The company generates revenue from financial instruments, such as loans, letters of credit, and investment securities, as well as revenue related to mortgage servicing activities and bank-owned life insurance.

Executives

Richard M Donovan	director, officer: SVP and CFO	C/O FIRST SEACOAST BANCORP, 633 CENTRAL AVENUE, DOVER NH 03820
Mark P. Boulanger	director	633 CENTRAL AVENUE, DOVER NH 03820
James R. Brannen	director, officer: President & CEO	633 CENTRAL AVENUE, DOVER NH 03820
Paul Nee	officer: SVP and CIO	633 CENTRAL AVENUE, DOVER NH 03820
Timothy F. Dargan	officer: SVP and Sr. CLO	633 CENTRAL AVENUE, DOVER NH 03820
Thomas J. Jean	director	633 CENTRAL AVENUE, DOVER NH 03820
John E. Swenson	officer: SVP and CRO	633 CENTRAL AVENUE, DOVER NH 03820
Michael J. Bolduc	director	633 CENTRAL AVENUE, DOVER NH 03820
James Jalbert	director	633 CENTRAL AVENUE, DOVER NH 03820
Janet Sylvester	director	633 CENTRAL AVENUE, DOVER NH 03820
Paula J. Williamson-reid	director	633 CENTRAL AVENUE, DOVER NH 03820
Jean Tremblay	officer: SVP and Sr. RLO	633 CENTRAL AVENUE, DOVER NH 03820
Dana C Lynch	director	633 CENTRAL AVENUE, DOVER NH 03820
Erica A. Johnson	director	633 CENTRAL AVENUE, DOVER NH 03820
Patricia A. Barbour	director	633 CENTRAL AVENUE, DOVER NH 03820