Company: NECB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001104659-25-108218
Chunk: 1

Company: NorthEast Community Bancorp, Inc./MD/
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1. Financial Statements

NORTHEAST COMMUNITY BANCORP, INC.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)

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​​​​​​​​​September 30, ​December 31, ​    2025    2024​​(In thousands, except share​​and per share amounts)ASSETS​​​​​​Cash and amounts due from depository institutions​$ 11,155​$ 13,700Interest-bearing deposits​  53,182​  64,559      Total cash and cash equivalents​  64,337​  78,259Certificates of deposit​  100​  100Equity securities​  25,515​  21,994Securities held-to-maturity ( net of allowance for credit losses of $126 and $126, respectively )​  16,308​  14,616Loans receivable​  1,873,598​  1,812,647     Deferred loan costs (fees), net​​ 156​​ (49)     Allowance for credit losses​​ (4,748)​​ (4,830)              Net loans​​ 1,869,006​  1,807,768Premises and equipment, net​  25,507​  24,805Investments in restricted stock, at cost​  410​  397Bank owned life insurance​  26,251​  25,738Accrued interest receivable​  12,794​  13,481Real estate owned​  545​  5,120Property held for investment​  1,343​  1,370Right of Use Assets – Operating​  4,212​  4,001Right of Use Assets – Financing​  344​  347Other assets​  9,574​  11,585Total assets​$ 2,056,246​$ 2,009,581LIABILITIES AND STOCKHOLDERS’ EQUITY​   ​   Liabilities:​   ​   Deposits:​   ​   Non-interest bearing​$ 287,248​$ 287,135Interest bearing​  1,228,146​  1,383,