First Seacoast Bank is headquartered in DOVER and is the 11th largest bank in the state of New Hampshire. It is also the 1,607th largest bank in the nation. It was established in 1890 and as of December of 2023, it had grown to 76 employees at 5 locations. First Seacoast Bank's money market rates are 10X the national average, and it has an A health rating.
This Bank Does It All...And Well!!
My wife and I moved to Durham, NH about 6 years ago and were totally turned off by several of the local banks. That all changed when we found First Seacoast Bank. We now have our family checking account, family savings, another small savings account and a good number of CDs at First Seacoast.
I am currently researching bank CD rates and security rankings and have found that First Seacoast Bank continues to be an absolute winner for us.
The CD rates are excellent for the durations we need. In our 6 + year affiliation with First Seacoast Bank, I have yet to encounter an error. The CD rates are excellent for the durations we need.
I could go on and on about the staff at the Durham Branch where we bank. They are all very professional, helpful in every way possible, always friendly (and they know I'm a chocolate lover too. I occasionally get a little treat when I come in.) ??
Personal service is something that I highly value and it doesn't get any better than at First Seacoast Bank. On a recent occasion, I dropped an important paper in the lobby with all of my medical information and doctor numbers. Shortly thereafter I received a call telling me that they found the paper. It didn't have my contact information on it...they went to the trouble to research who may have lost it and they contacted me. Who does THAT anymore?
The service is simply excellent (at age 73, I need caring, thoughtful people to help me if I forget something ((or screw something up)). Our plan is to open new CDs in the next couple of days as the rates are perfect and VERY competitive for our duration needs.
In short; wonderful bank, great people, well-rated for security, and the service is as good as it gets. We're so fortunate to have First Seacoast Bank as our bank since we moved to Durham 6+ years ago. We're very comfortable and pleased in every regard with this relationship!
Alan G. Durham, NH
David Tufano
This morning I went to the drive-thru of the Dover, New Hampshire branch. I am not a customer, but I stopped to cash a check that a friend of mine gave to me who is a customer. I gave the check and my enhanced New Hampshire driver's license to the teller at the window. The teller asked me if I had a second ID, preferably a credit or debit card. I questioned her and told her that I would rather not send any card with my debit card number or credit card number on it, especially because they have the expiration date and security code right on the card. I gave her a government issued VA benefit card with a photo on it. She told me that would not be sufficient. After further questioning, she went to see the branch manager. After about 10 minutes, with other cars waiting behind me, the branch manager came over and told me that she was going to make an exception, do me a favor, and cash the check. She also told me that she called the account holder, who of course was at work, and confused her as to why she was being called in the middle of the day. The amount of the check that I was cashing was a whopping $30.00. Needless to say, if I ever have the need for a local bank account it certainly would not be at this bank, and I have sympathy for anyone who is a customer of theirs. FYI- any enhanced driver's license is sufficient identification to obtain a US passport and/or to travel internationally with. If it's security that they are concerned with, they should get a grip.
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29744 |
| Year Established | 1890 |
| Employees | 76 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.96% |
| Return on Equity - YTD | -10.85% |
| Annual Interest Income | $20.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $575MM$537.4MM |
| Loans | Q4 2023vs Q4 2022 | $426.3MM$398.4MM |
| Deposits | Q4 2023vs Q4 2022 | $426.7MM$393.4MM |
| Equity Capital | Q4 2023vs Q4 2022 | $51.5MM$40MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $3.4MM$3.6MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $141K$89K |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |