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First Seacoast Bancorp (First Seacoast Bancorp) Total Assets : $576.47 Mil (As of Mar. 2024)


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What is First Seacoast Bancorp Total Assets?

First Seacoast Bancorp's Total Assets for the quarter that ended in Mar. 2024 was $576.47 Mil.

During the past 12 months, First Seacoast Bancorp's average Total Assets Growth Rate was 5.20% per year. During the past 3 years, the average Total Assets Growth Rate was 5.30% per year. During the past 5 years, the average Total Assets Growth Rate was 5.60% per year.

During the past 7 years, First Seacoast Bancorp's highest 3-Year average Total Assets Growth Rate was 5.80%. The lowest was 5.00%. And the median was 5.50%.

Total Assets is connected with ROA %. First Seacoast Bancorp's annualized ROA % for the quarter that ended in Mar. 2024 was -0.80%. Total Assets is also linked to Revenue through Asset Turnover. First Seacoast Bancorp's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.


First Seacoast Bancorp Total Assets Historical Data

The historical data trend for First Seacoast Bancorp's Total Assets 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.

* Premium members only.

First Seacoast Bancorp Total Assets Chart

First Seacoast Bancorp Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 409.49 443.06 487.07 537.42 571.04

First Seacoast Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 548.50 552.71 557.16 571.04 576.47

First Seacoast Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Seacoast Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=66.618+504.417
=571.04

First Seacoast Bancorp's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=64.739+511.732
=576.47

* 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.


First Seacoast Bancorp  (NAS:FSEA) Total Assets Explanation

Total Assets is connected with ROA %.

First Seacoast Bancorp's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-4.608/( (571.035+576.471)/ 2 )
=-4.608/573.753
=-0.80 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Seacoast Bancorp's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=3.158/( (571.035+576.471)/ 2 )
=3.158/573.753
=0.01

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Seacoast Bancorp Total Assets Related Terms

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First Seacoast Bancorp (First Seacoast Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
633 Central Avenue, Dover, NH, USA, 03820
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