FSEA — what changed in the latest 10-Q
A section-by-section comparison of FSEA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +29 | −14 | ~21 | 38 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
Total Stockholders’ Equity. Total stockholders’ equity increased $263,000, or 0.4%, to $63.8 million at June 30, 2026 from $63.5 million at December 31, 2025. This increase was due to primarily to the recognition of $533,000 of previously unearned compensation offset by a net loss of $259,000 for th…
Comparison of Operating Results for the Three Months Ended June 30, 2026 and June 30, 2025
Net Income (Loss). Net income was $249,000 for the three months ended June 30, 2026, compared to net loss of $545,000 for the three months ended June 30, 2025, an increase of $794,000, or 145.8%. The increase was due primarily to a $256,000 increase in net interest and dividend income, a $242,000 de…
Interest and Dividend Income. Total interest and dividend income decreased $304,000, or 4.5%, to $6.4 million for the three months ended June 30, 2026 compared to $6.7 million for the three months ended June 30, 2025. This decrease was due to a $58,000 decrease in interest and dividend income on inv…
Average interest-earning assets decreased $21.7 million to $562.0 million for the three months ended June 30, 2026 from $583.8 million for the three months ended June 30, 2025. The weighted average annualized yield on interest earning-assets decreased to 4.57% for the three months ended June 30, 202…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Borrowings. Total borrowings from the FHLB was $52.3 million at March 31, 2026 and December 31, 2025.
Total Stockholders’ Equity. Total stockholders’ equity decreased $937,000, or 1.5%, to $62.6 million at March 31, 2026 from $63.5 million at December 31, 2025. This decrease was due primarily to a net loss of $508,000 for the three months ended March 31, 2026 and $715,000 other comprehensive loss re…
Non-performing loans were $412,000 and $478,000 at March 31, 2026 and December 31, 2025, respectively. At March 31, 2026, non-performing loans consist of a residential mortgage loan and a consumer loan secured by a manufactured housing property. The non-performing residential mortgage loan with an o…
Comparison of Operating Results for the Three Months Ended March 31, 2026 and March 31, 2025
Net Loss. Net loss was $508,000 for the three months ended March 31, 2026, compared to a net loss of $603,000 for the three months ended March 31, 2025, a decrease of $95,000, or 15.8%. The decrease was due primarily to an increase in net interest and dividend income after release of credit losses o…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice