Company: NECB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010872
Chunk: 1

Company: NorthEast Community Bancorp, Inc./MD/
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
Item 1. Financial Statements

NORTHEAST COMMUNITY BANCORP, INC.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)

​

​​​​​​​​​June 30, ​December 31, ​    2025    2024​​(In thousands, except share​​and per share amounts)ASSETS​​​​​​Cash and amounts due from depository institutions​$ 19,042​$ 13,700Interest-bearing deposits​  40,331​  64,559      Total cash and cash equivalents​  59,373​  78,259Certificates of deposit​  100​  100Equity securities​  25,345​  21,994Securities held-to-maturity ( net of allowance for credit losses of $126 and $126, respectively )​  14,398​  14,616Loans receivable​  1,797,618​  1,812,647     Deferred loan fees, net​​ (62)​​ (49)     Allowance for credit losses​​ (4,724)​​ (4,830)              Net loans​​ 1,792,832​  1,807,768Premises and equipment, net​  25,341​  24,805Investments in restricted stock, at cost​  1,085​  397Bank owned life insurance​  26,074​  25,738Accrued interest receivable​  12,119​  13,481Real estate owned​  767​  5,120Property held for investment​  1,352​  1,370Right of Use Assets – Operating​  4,383​  4,001Right of Use Assets – Financing​  345​  347Other assets​  10,370​  11,585Total assets​$ 1,973,884​$ 2,009,581LIABILITIES AND STOCKHOLDERS’ EQUITY​   ​   Liabilities:​   ​   Deposits:​   ​   Non-interest bearing​$ 287,741​$ 287,135Interest bearing​  1,191,420​  1,383,