NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2025
NorthEast Community Bancorp (Nasdaq: NECB) reported net income of $11.9M ($0.90 basic) for Q3 2025 and $33.6M ($2.54 basic) for the nine months ended September 30, 2025.
Key metrics: Q3 ROA 2.35%, ROAE 13.84%, efficiency ratio 38.40%; total assets $2.1B; loans, net +$61.2M (3.4%); originated loans $714.3M YTD; no non-performing loans; allowance for loan losses $4.7M (0.25% of loans).
Balance sheet moves: deposits down $155.0M (9.3%), certificates of deposit down $198.7M, borrowings increased to $170.0M, equity up $25.7M (8.1%). Net interest margin declined by 30 bps.
NorthEast Community Bancorp (Nasdaq: NECB) ha riportato un utile netto di $11.9M ($0.90 per azione base) per il terzo trimestre 2025 e $33.6M ($2.54 per azione base) nei primi nove mesi chiusi al 30 settembre 2025.
Metriche chiave: ROA 2.35%, ROAE 13.84%, indice di efficienza 38.40%; attività totali $2.1B; prestiti netti +$61.2M (3.4%); prestiti originati YTD $714.3M; nessun prestito in sofferenza; accantonamento per perdite su prestiti $4.7M (0.25% dei prestiti).
Spostamenti del bilancio: depositi in calo di $155.0M (9.3%), certificati di deposito in calo di $198.7M, affidamenti aumentati a $170.0M, patrimonio netto in aumento di $25.7M (8.1%). Il margine di interesse netto è diminuito di 30 bp.
NorthEast Community Bancorp (Nasdaq: NECB) reportó un ingreso neto de $11.9M ($0.90 por acción básico) para el 3T 2025 y $33.6M ($2.54 por acción básico) para los nueve meses terminados el 30 de septiembre de 2025.
Métricas clave: ROA 2.35%, ROAE 13.84%, índice de eficiencia 38.40%; activos totales $2.1B; préstamos netos +$61.2M (3.4%); préstamos originados YTD $714.3M; sin préstamos en mora; provisión para pérdidas en préstamos $4.7M (0.25% de los préstamos).
Cambios en el balance: depósitos caen $155.0M (9.3%), certificados de depósito caen $198.7M, fondos prestables aumentan a $170.0M, capital social sube $25.7M (8.1%). El margen de interés neto se redujo en 30 puntos básicos.
NorthEast Community Bancorp (Nasdaq: NECB)가 2025년 3분기에 순이익 $11.9M (주당 기본 $0.90) 및 기간 종료 2025년 9월 30일 기준 9개월 누적 순이익 $33.6M (주당 기본 $2.54)를 보고했습니다.
핵심 지표: 3Q ROA 2.35%, ROAE 13.84%, 효율성 비율 38.40%; 총자산 $2.1B; 순대출 증가 $61.2M (3.4%); 연간 누적 신규 대출 $714.3M; 부실대출 없음; 대손충당금 $4.7M (대출의 0.25%).
대차대조표 변화: 예금 감소 $155.0M (9.3%), 예금증서 감소 $198.7M, 차입 증가로 $170.0M, 자본 증가 $25.7M (8.1%). 순금리마진은 30bp 감소.
NorthEast Community Bancorp (Nasdaq: NECB) a enregistré un résultat net de $11.9M ($0.90 par action de base) pour le T3 2025 et $33.6M ($2.54 par action de base) pour les neuf mois clos au 30 septembre 2025.
Indicateurs-clés : ROA T3 2.35%, ROAE 13.84%, ratio d’efficacité 38.40%; actifs totaux $2.1B; prêts nets +$61.2M (3.4%); prêts émis YTD $714.3M; aucun prêt en défaut; provision pour pertes sur prêts $4.7M (0.25% des prêts).
Mouvements du bilan : dépôts en baisse de $155.0M (9.3%), certificats de dépôt en baisse de $198.7M, emprunts augmentés à $170.0M, fonds propres en hausse de $25.7M (8.1%). La marge d’intérêts nette a diminué de 30 pb.
NorthEast Community Bancorp (Nasdaq: NECB) meldete für das dritte Quartal 2025 einen Nettogewinn von $11.9M ($0.90 pro Basisaktie) und für die ersten neun Monate bis zum 30. September 2025 einen Nettogewinn von $33.6M ($2.54 pro Basisaktie).
Wichtige Kennzahlen: Q3 ROA 2.35%, ROAE 13.84%, Effizienzgrad 38.40%; Gesamtvermögen $2.1B; Netto-Darlehen +$61.2M (3.4%); originierte Darlehen YTD $714.3M; keine notleidenden Darlehen; Rückstellungen für Darlehen $4.7M (0.25% der Darlehen).
Bilanzbewegungen: Einlagen gefallen um $155.0M (9.3%), CDs gefallen um $198.7M, Anleihen stiegen auf $170.0M, Eigenkapital gestiegen um $25.7M (8.1%). Nettomarge des Zinsertrags zurückgegangen um 30 Basispunkte.
NorthEast Community Bancorp (Nasdaq: NECB) أبلغ عن ربح صافي قدره $11.9M ($0.90 للسهم الأساسي) للربع الثالث من 2025 و< b>$33.6M ($2.54 للسهم الأساسي) للمدة المنتهية في 30 سبتمبر 2025.
المقاييس الرئيسية: ROA للربع الثالث 2.35%، ROAE 13.84%، معدل الكفاءة 38.40%؛ الأصول الإجمالية $2.1B؛ القروض صافية +$61.2M (3.4%)؛ القروض المنشأة حتى تاريخه YTD $714.3M؛ لا توجد قروض متعثرة؛ مخصص خسائر القروض $4.7M (0.25% من القروض).
تحركات الميزانية: الودائع انخفاضها $155.0M (9.3%)، شهادات الإيداع انخفاضها $198.7M، الاقتراض ارتفع إلى $170.0M، حقوق المساهمين ارتفعت بمقدار $25.7M (8.1%). هامش الفائدة الصافي انخفض بمقدار 30 نقطة أساسية.
NorthEast Community Bancorp (Nasdaq: NECB) 报告 2025 年第 3 季度净利润为 $11.9M（每股基本收益 $0.90），截至 2025 年 9 月 30 日的前九个月净利润为 $33.6M（每股基本收益 $2.54）。
关键指标：第3季度 ROA 2.35%，ROAE 13.84%，效率比率 38.40%；总资产 $2.1B；净贷款增加 $61.2M（3.4%）；今年至今新发放贷款 $714.3M；无不良贷款；贷款损失准备 $4.7M（占贷款的 0.25%）。
资产负债表变动：存款下降 $155.0M（9.3%），存单下降 $198.7M，借款增加至 $170.0M，股本上涨 $25.7M（8.1%）。净利差下降 30 个基点。
- Return on average assets of 2.35% (Q3 2025)
- Total stockholders' equity +$25.7M (+8.1%) to $344.0M
- Loans, net increased $61.2M (+3.4%) to $1.9B
- Originated loans $714.3M year-to-date through Sept 30, 2025
- No non-performing loans at Sept 30, 2025
- Quarterly net income down to $11.9M from $12.7M year-ago
- Total deposits decreased $155.0M (9.3%) to $1.5B
- Net interest margin declined by 30 bps to 5.38%
- Borrowings increased to $170.0M from none at Dec 31, 2024
Insights
Quarterly and year‑to‑date profits fell slightly but core lending growth and asset quality remain strong.
Net income declined to
Key dependencies include continued loan originations and funding mix. Deposits fell
Watch loan disbursement on originated construction loans where
WHITE PLAINS, N.Y., Oct. 23, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of
Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer, stated “We are once again pleased to be able to report continued strong performance throughout our entire loan portfolio, with continuing focus on construction lending in high demand, high absorption sub-markets. Loan demand remains strong with outstanding unfunded commitments exceeding
“Our New York City cooperative corporation lending program continues to grow, as does our multi-family lending throughout Eastern Massachusetts.”
“I am also pleased to announce that the Bank was ranked #1 nationwide for banks with less than
Highlights for the three months and nine months ended September 30, 2025 are as follows:
- Performance metrics continue to be strong with a return on average total assets ratio of
2.35% , a return on average shareholders’ equity ratio of13.84% , and an efficiency ratio of38.40% for the three months ended September 30, 2025. For the nine months ended September 30, 2025, the Company reported a return on average total assets ratio of2.25% , a return on average shareholders’ equity ratio of13.40% , and an efficiency ratio of40.16% . - Asset quality metrics continue to remain strong with no non-performing loans at either September 30, 2025 or December 31, 2024, and non-performing assets to total assets of
0.03% and0.25% at September 30, 2025 and at December 31, 2024, respectively. Our allowance for credit losses related to loans totaled$4.7 million , or0.25% of total loans at September 30, 2025 compared to$4.8 million , or0.27% of total loans at December 31, 2024. - Total stockholders’ equity increased by
$25.7 million , or8.1% , to$344.0 million , or16.73% of total assets as of September 30, 2025 from$318.3 million , or15.84% of total assets as of December 31, 2024.
Balance Sheet Summary
Total assets increased
Cash and cash equivalents decreased
Equity securities increased
Securities held-to-maturity increased
Loans, net of the allowance for credit losses, increased
During the nine months ended September 30, 2025, we originated loans totaling
The allowance for credit losses related to loans decreased to
Premises and equipment increased
Federal Home Loan Bank stock increased
Bank owned life insurance (“BOLI”) increased
Accrued interest receivable decreased
Real estate owned decreased
Property held for investment decreased
Right of use assets — operating increased
Other assets decreased
Total deposits decreased
The decrease in brokered certificates of deposit was due to management’s strategy to reduce the cost of funds by “calling” higher rate brokered deposits on their call dates and to rely less on brokered deposits. The decrease in retail certificates of deposit was due to a shift in deposits to our retail high yield money market accounts. The increase in non-brokered listing services certificates of deposits was due to management’s strategy to diversify funding sources.
Advance payments by borrowers for taxes and insurance increased
Borrowings increased to
Lease liability – operating increased
Accounts payable and accrued expenses increased
The allowance for credit losses for off-balance sheet commitments increased
Stockholders’ equity increased
Results of Operations for the Three Months Ended September 30, 2025 and 2024
Net Interest Income
Net interest income was
Total interest and dividend income decreased
Interest expense decreased
Our net interest margin decreased 30 basis points, or
Credit Loss Expense
The Company recorded no credit loss expense for the three months ended September 30, 2025 compared to a credit loss expense of
The credit loss expense of
With respect to the allowance for credit losses for loans, we charged-off
We recorded recoveries of
Non-Interest Income
Non-interest income for the three months ended September 30, 2025 was
The decrease in unrealized gain on equity securities was due to an unrealized gain of
The increase of
Non-Interest Expense
Non-interest expense increased
Income Taxes
We recorded income tax expense of
Results of Operations for the Nine Months Ended September 30, 2025 and 2024
Net Interest Income
Net interest income was
Total interest and dividend income decreased
Interest expense decreased
Net interest margin decreased 46 basis points, or
Credit Loss Expense
The Company recorded a credit loss expense of
The credit loss expense for loans of
The credit loss expense reduction of
With respect to the allowance for credit losses for loans, we charged-off
We recorded recoveries of
Non-Interest Income
Non-interest income for the nine months ended September 30, 2025 was
The increase of
Non-Interest Expense
Non-interest expense increased
Income Taxes
We recorded income tax expense of
Asset Quality
Non-performing assets were
Our ratio of non-performing assets to total assets remained low at
The Company’s allowance for credit losses related to loans was
In addition, at September 30, 2025, the Company’s allowance for credit losses related to off-balance sheet commitments totaled
Capital
The Company’s total stockholders’ equity to assets ratio was
The Bank’s capital position remains strong relative to current regulatory requirements and the Bank is considered a well-capitalized institution under the Prompt Corrective Action framework. As of September 30, 2025, the Bank had a tier 1 leverage capital ratio of
The Company completed its first stock repurchase program on April 14, 2023 whereby the Company repurchased 1,637,794 shares, or
The Company commenced its second stock repurchase program on May 30, 2023 whereby the Company will repurchase 1,509,218, or
About NorthEast Community Bancorp
NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.
Forward Looking Statement
This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation or recessionary conditions and their impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts, the impact of changing political conditions or federal government shutdowns, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.
| CONTACT: | Kenneth A. Martinek |
| Chairman and Chief Executive Officer | |
| PHONE: | (914) 684-2500 |
| NORTHEAST COMMUNITY BANCORP, INC. CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) | ||||||||
| September 30, | December 31, | |||||||
| 2025 | 2024 | |||||||
| (In thousands, except share | ||||||||
| and per share amounts) | ||||||||
| ASSETS | ||||||||
| Cash and amounts due from depository institutions | $ | 11,155 | $ | 13,700 | ||||
| Interest-bearing deposits | 53,182 | 64,559 | ||||||
| Total cash and cash equivalents | 64,337 | 78,259 | ||||||
| Certificates of deposit | 100 | 100 | ||||||
| Equity securities | 25,515 | 21,994 | ||||||
| Securities held-to-maturity (net of allowance for credit losses of | 16,308 | 14,616 | ||||||
| Loans 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 | 1,807,768 | ||||||
| Premises and equipment, net | 25,507 | 24,805 | ||||||
| Investments in restricted stock, at cost | 410 | 397 | ||||||
| Bank owned life insurance | 26,251 | 25,738 | ||||||
| Accrued interest receivable | 12,794 | 13,481 | ||||||
| Real estate owned | 545 | 5,120 | ||||||
| Property held for investment | 1,343 | 1,370 | ||||||
| Right of Use Assets – Operating | 4,212 | 4,001 | ||||||
| Right of Use Assets – Financing | 344 | 347 | ||||||
| Other assets | 9,574 | 11,585 | ||||||
| Total assets | $ | 2,056,246 | $ | 2,009,581 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Liabilities: | ||||||||
| Deposits: | ||||||||
| Non-interest bearing | $ | 287,248 | $ | 287,135 | ||||
| Interest bearing | 1,228,146 | 1,383,240 | ||||||
| Total deposits | 1,515,394 | 1,670,375 | ||||||
| Advance payments by borrowers for taxes and insurance | 2,840 | 1,618 | ||||||
| Borrowings | 170,000 | - | ||||||
| Lease Liability – Operating | 4,333 | 4,108 | ||||||
| Lease Liability – Financing | 638 | 609 | ||||||
| Accounts payable and accrued expenses | 18,998 | 14,530 | ||||||
| Total liabilities | 1,712,203 | 1,691,240 | ||||||
| Stockholders’ equity: | ||||||||
| Preferred stock, | $ | — | $ | — | ||||
| Common stock, | 140 | 140 | ||||||
| Additional paid-in capital | 112,266 | 110,091 | ||||||
| Unearned Employee Stock Ownership Plan (“ESOP”) shares | (5,435 | ) | (6,088 | ) | ||||
| Retained earnings | 236,843 | 213,974 | ||||||
| Accumulated other comprehensive income | 229 | 224 | ||||||
| Total stockholders’ equity | 344,043 | 318,341 | ||||||
| Total liabilities and stockholders’ equity | $ | 2,056,246 | $ | 2,009,581 | ||||
| NORTHEAST COMMUNITY BANCORP, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | |||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||
| (In thousands, except per share amounts) | (In thousands, except per share amounts) | ||||||||||||
| INTEREST INCOME: | |||||||||||||
| Loans | $ | 38,281 | $ | 39,484 | $ | 111,903 | $ | 114,821 | |||||
| Interest-earning deposits | 716 | 1,472 | 2,824 | 4,058 | |||||||||
| Securities | 282 | 227 | 798 | 662 | |||||||||
| Total Interest Income | 39,279 | 41,183 | 115,525 | 119,541 | |||||||||
| INTEREST EXPENSE: | |||||||||||||
| Deposits | 11,929 | 14,630 | 37,915 | 40,459 | |||||||||
| Borrowings | 1,401 | 257 | 2,303 | 1,559 | |||||||||
| Financing lease | 10 | 10 | 29 | 29 | |||||||||
| Total Interest Expense | 13,340 | 14,897 | 40,247 | 42,047 | |||||||||
| Net Interest Income | 25,939 | 26,286 | 75,278 | 77,494 | |||||||||
| Provision for (reversal of) credit loss | — | 105 | 237 | (286 | ) | ||||||||
| Net Interest Income after Provision for (Reversal of) Credit Loss | 25,939 | 26,181 | 75,041 | 77,780 | |||||||||
| NON-INTEREST INCOME: | |||||||||||||
| Other loan fees and service charges | 638 | 589 | 1,989 | 1,613 | |||||||||
| Earnings on bank owned life insurance | 177 | 167 | 514 | 486 | |||||||||
| Unrealized gain on equity securities | 170 | 547 | 521 | 445 | |||||||||
| Other | 29 | 46 | 83 | 90 | |||||||||
| Total Non-Interest Income | 1,014 | 1,349 | 3,107 | 2,634 | |||||||||
| NON-INTEREST EXPENSES: | |||||||||||||
| Salaries and employee benefits | 5,416 | 5,135 | 17,000 | 15,738 | |||||||||
| Occupancy expense | 738 | 735 | 2,227 | 2,116 | |||||||||
| Equipment | 225 | 187 | 695 | 661 | |||||||||
| Outside data processing | 814 | 681 | 2,308 | 1,924 | |||||||||
| Advertising | 115 | 128 | 340 | 310 | |||||||||
| Real estate owned expense | 238 | 488 | 515 | 527 | |||||||||
| Other | 2,805 | 2,607 | 8,393 | 7,864 | |||||||||
| Total Non-Interest Expenses | 10,351 | 9,961 | 31,478 | 29,140 | |||||||||
| INCOME BEFORE PROVISION FOR INCOME TAXES | 16,602 | 17,569 | 46,670 | 51,274 | |||||||||
| PROVISION FOR INCOME TAXES | 4,737 | 4,883 | 13,068 | 14,416 | |||||||||
| NET INCOME | $ | 11,865 | $ | 12,686 | $ | 33,602 | $ | 36,858 | |||||
| NORTHEAST COMMUNITY BANCORP, INC. SELECTED CONSOLIDATED FINANCIAL DATA (Unaudited) | |||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| (In thousands, except per share amounts) | (In thousands, except per share amounts) | ||||||||||||||||
| Per share data: | |||||||||||||||||
| Earnings per share - basic | $ | 0.90 | $ | 0.97 | $ | 2.54 | $ | 2.81 | |||||||||
| Earnings per share - diluted | 0.87 | 0.95 | 2.47 | 2.78 | |||||||||||||
| Weighted average shares outstanding - basic | 13,252 | 13,075 | 13,228 | 13,108 | |||||||||||||
| Weighted average shares outstanding - diluted | 13,632 | 13,417 | 13,626 | 13,279 | |||||||||||||
| Performance ratios/data: | |||||||||||||||||
| Return on average total assets | 2.35 | % | 2.62 | % | 2.25 | % | 2.61 | % | |||||||||
| Return on average shareholders' equity | 13.84 | % | 16.48 | % | 13.40 | % | 16.55 | % | |||||||||
| Net interest income | $ | 25,939 | $ | 26,286 | $ | 75,278 | $ | 77,494 | |||||||||
| Net interest margin | 5.38 | % | 5.68 | % | 5.28 | % | 5.74 | % | |||||||||
| Efficiency ratio | 38.40 | % | 36.04 | % | 40.16 | % | 36.37 | % | |||||||||
| Net charge-off ratio | 0.00 | % | 0.02 | % | 0.01 | % | 0.01 | % | |||||||||
| Loan portfolio composition: | September 30, 2025 | December 31, 2024 | |||||||||||||||
| One-to-four family | $ | 3,174 | $ | 3,472 | |||||||||||||
| Multi-family | 298,414 | 206,606 | |||||||||||||||
| Mixed-use | 25,388 | 26,571 | |||||||||||||||
| Total residential real estate | 326,976 | 236,649 | |||||||||||||||
| Non-residential real estate | 39,258 | 29,446 | |||||||||||||||
| Construction | 1,385,654 | 1,426,167 | |||||||||||||||
| Commercial and industrial | 121,679 | 118,736 | |||||||||||||||
| Consumer | 31 | 1,649 | |||||||||||||||
| Gross loans | 1,873,598 | 1,812,647 | |||||||||||||||
| Deferred loan costs (fees), net | 156 | (49 | ) | ||||||||||||||
| Total loans | $ | 1,873,754 | $ | 1,812,598 | |||||||||||||
| Asset quality data: | |||||||||||||||||
| Loans past due over 90 days and still accruing | $ | - | $ | - | |||||||||||||
| Non-accrual loans | - | - | |||||||||||||||
| OREO property | 545 | 5,120 | |||||||||||||||
| Total non-performing assets | $ | 545 | $ | 5,120 | |||||||||||||
| Allowance for credit losses to total loans | 0.25 | % | 0.27 | % | |||||||||||||
| Allowance for credit losses to non-performing loans | 0.00 | % | 0.00 | % | |||||||||||||
| Non-performing loans to total loans | 0.00 | % | 0.00 | % | |||||||||||||
| Non-performing assets to total assets | 0.03 | % | 0.25 | % | |||||||||||||
| Bank's Regulatory Capital ratios: | |||||||||||||||||
| Total capital to risk-weighted assets | 15.09 | % | 13.92 | % | |||||||||||||
| Common equity tier 1 capital to risk-weighted assets | 14.83 | % | 13.65 | % | |||||||||||||
| Tier 1 capital to risk-weighted assets | 14.83 | % | 13.65 | % | |||||||||||||
| Tier 1 leverage ratio | 16.10 | % | 14.44 | % | |||||||||||||
| NORTHEAST COMMUNITY BANCORP, INC. NET INTEREST MARGIN ANALYSIS (Unaudited) | |||||||||||||||||||||||
| Three Months Ended September 30, 2025 | Three Months Ended September 30, 2024 | ||||||||||||||||||||||
| Average | Interest | Average | Average | Interest | Average | ||||||||||||||||||
| Balance | and dividend | Yield | Balance | and dividend | Yield | ||||||||||||||||||
| (In thousands, except yield/cost information) | (In thousands, except yield/cost information) | ||||||||||||||||||||||
| Loan receivable gross | $ | 1,826,726 | $ | 38,281 | 8.38 | % | $ | 1,717,875 | $ | 39,484 | 9.19 | % | |||||||||||
| Securities | 39,901 | 275 | 2.76 | % | 34,920 | 212 | 2.43 | % | |||||||||||||||
| Federal Home Loan Bank stock | 1,070 | 7 | 2.62 | % | 712 | 15 | 8.43 | % | |||||||||||||||
| Other interest-earning assets | 61,177 | 716 | 4.68 | % | 98,903 | 1,472 | 5.95 | % | |||||||||||||||
| Total interest-earning assets | 1,928,874 | 39,279 | 8.15 | % | 1,852,410 | 41,183 | 8.89 | % | |||||||||||||||
| Allowance for credit losses | (4,724 | ) | (4,914 | ) | |||||||||||||||||||
| Non-interest-earning assets | 91,219 | 90,313 | |||||||||||||||||||||
| Total assets | $ | 2,015,369 | $ | 1,937,809 | |||||||||||||||||||
| Interest-bearing demand deposit | $ | 298,408 | $ | 2,559 | 3.43 | % | $ | 228,975 | $ | 2,423 | 4.23 | % | |||||||||||
| Savings and club accounts | 134,258 | 730 | 2.17 | % | 140,047 | 848 | 2.42 | % | |||||||||||||||
| Certificates of deposit | 807,285 | 8,640 | 4.28 | % | 946,290 | 11,359 | 4.80 | % | |||||||||||||||
| Total interest-bearing deposits | 1,239,951 | 11,929 | 3.85 | % | 1,315,312 | 14,630 | 4.45 | % | |||||||||||||||
| Borrowed money | 125,346 | 1,411 | 4.50 | % | 23,603 | 267 | 4.52 | % | |||||||||||||||
| Total interest-bearing liabilities | 1,365,297 | 13,340 | 3.91 | % | 1,338,915 | 14,897 | 4.45 | % | |||||||||||||||
| Non-interest-bearing demand deposit | 284,100 | 271,207 | |||||||||||||||||||||
| Other non-interest-bearing liabilities | 23,046 | 19,758 | |||||||||||||||||||||
| Total liabilities | 1,672,443 | 1,629,880 | |||||||||||||||||||||
| Equity | 342,926 | 307,929 | |||||||||||||||||||||
| Total liabilities and equity | $ | 2,015,369 | $ | 1,937,809 | |||||||||||||||||||
| Net interest income / interest spread | $ | 25,939 | 4.24 | % | $ | 26,286 | 4.44 | % | |||||||||||||||
| Net interest rate margin | 5.38 | % | 5.68 | % | |||||||||||||||||||
| Net interest earning assets | $ | 563,577 | $ | 513,495 | |||||||||||||||||||
| Average interest-earning assets | |||||||||||||||||||||||
| to interest-bearing liabilities | 141.28 | % | 138.35 | % | |||||||||||||||||||
| NORTHEAST COMMUNITY BANCORP, INC. NET INTEREST MARGIN ANALYSIS (Unaudited) | ||||||||||||||||||||||
| Nine Months Ended September 30, 2025 | Nine Months Ended September 30, 2024 | |||||||||||||||||||||
| Average | Interest | Average | Average | Interest | Average | |||||||||||||||||
| Balance | and dividend | Yield | Balance | and dividend | Yield | |||||||||||||||||
| (In thousands, except yield/cost information) | (In thousands, except yield/cost information) | |||||||||||||||||||||
| Loan receivable gross | $ | 1,783,195 | $ | 111,903 | 8.37 | % | $ | 1,672,582 | $ | 114,821 | 9.15 | % | ||||||||||
| Securities | 38,176 | 775 | 2.71 | % | 34,071 | 607 | 2.38 | % | ||||||||||||||
| Federal Home Loan Bank stock | 637 | 23 | 4.81 | % | 752 | 55 | 9.75 | % | ||||||||||||||
| Other interest-earning assets | 79,145 | 2,824 | 4.76 | % | 93,417 | 4,058 | 5.79 | % | ||||||||||||||
| Total interest-earning assets | 1,901,153 | 115,525 | 8.10 | % | 1,800,822 | 119,541 | 8.85 | % | ||||||||||||||
| Allowance for credit losses | (4,892 | ) | (4,977 | ) | ||||||||||||||||||
| Non-interest-earning assets | 94,435 | 90,087 | ||||||||||||||||||||
| Total assets | $ | 1,990,696 | $ | 1,885,932 | ||||||||||||||||||
| Interest-bearing demand deposit | $ | 290,663 | $ | 7,405 | 3.40 | % | $ | 202,097 | $ | 6,300 | 4.16 | % | ||||||||||
| Savings and club accounts | 138,116 | 2,221 | 2.14 | % | 160,296 | 3,032 | 2.52 | % | ||||||||||||||
| Certificates of deposit | 860,890 | 28,289 | 4.38 | % | 880,741 | 31,127 | 4.71 | % | ||||||||||||||
| Total interest-bearing deposits | 1,289,669 | 37,915 | 3.92 | % | 1,243,134 | 40,459 | 4.34 | % | ||||||||||||||
| Borrowed money | 69,812 | 2,332 | 4.45 | % | 43,916 | 1,588 | 4.82 | % | ||||||||||||||
| Total interest-bearing liabilities | 1,359,481 | 40,247 | 3.95 | % | 1,287,050 | 42,047 | 4.36 | % | ||||||||||||||
| Non-interest-bearing demand deposit | 276,529 | 282,786 | ||||||||||||||||||||
| Other non-interest-bearing liabilities | 20,433 | 19,163 | ||||||||||||||||||||
| Total liabilities | 1,656,443 | 1,588,999 | ||||||||||||||||||||
| Equity | 334,253 | 296,933 | ||||||||||||||||||||
| Total liabilities and equity | $ | 1,990,696 | $ | 1,885,932 | ||||||||||||||||||
| Net interest income / interest spread | $ | 75,278 | 4.15 | % | $ | 77,494 | 4.49 | % | ||||||||||||||
| Net interest rate margin | 5.28 | % | 5.74 | % | ||||||||||||||||||
| Net interest earning assets | $ | 541,672 | $ | 513,772 | ||||||||||||||||||
| Average interest-earning assets | ||||||||||||||||||||||
| to interest-bearing liabilities | 139.84 | % | 139.92 | % | ||||||||||||||||||
FAQ
What were NorthEast Community Bancorp (NECB) net income and EPS for Q3 2025?
How did NECB's balance sheet change by September 30, 2025?
What happened to NECB's net interest margin and interest income in Q3 2025?
Does NECB have problem loans or a larger allowance for credit losses at Sept 30, 2025?
Why did NECB reduce deposits and increase borrowings in 2025?
How much in loans did NECB originate through September 30, 2025 and what mix?
