Company: NECB
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001104659-25-061580
Chunk: 8

Company: NorthEast Community Bancorp, Inc./MD/
Filing Date: 2025-06-23
Form: 11-K
Chunk 8
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 31, 2024 and 2023, valued at the daily closing price as publicly traded on the market.

Mutual funds –At December 31,
2024 and 2023, valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that
are registered with the SEC. These funds are required to publish their daily net asset value (NAV) and to transact at that price. The
mutual funds held by the Plan are deemed to be actively traded.

Common collective trust –
At December 31, 2024 and 2023, valued at the net asset value of units of a collective trust. The net asset value, as provided by
the fund manager, is used as a practical expedient to estimate fair value. The net asset value is based on the fair value of the underlying
investments held by the fund less its liabilities. This practical expedient would not be used if it is determined to be probable that
the fund will sell the investment for an amount different from the reported net asset value.

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NORTHEAST COMMUNITY BANK EMPLOYEES’

SAVINGS & PROFIT SHARING PLAN AND TRUST

NOTES TO FINANCIAL STATEMENTS</div>

The following tables set forth by level,
within the fair value hierarchy, the Plan's assets at fair value as of December 31:

|                             |     | 2024  
 Total |            |     | Level 
 1     |            |     | Level 
 2     |   |     | Level 
 3     |   |
|:----------------------------|:----|:------|-----------:|:----|:------|-----------:|:----|:------|:--|:----|:------|:--|
| Northeast Community         
 Bancorp, Inc. Stock         |     | $     |  3,700,568 |     | $     |  3,700,568 |     | $     | — |     | $     | — |
| Mutual funds                |     |       | 14,691,819 |     |       | 14,691,819 |     |       | — |     |       | — |
| Total investments in the    
 fair value hierarchy        |     |       | 18,392,387 |     | $     | 18,392,387 |     | $     | — |