ECB Bancorp Inc (NASDAQ: ECBK) is a community banking company that operates through its wholly owned subsidiary, Everett Co-operative Bank, a Massachusetts-chartered stock cooperative bank headquartered in Everett, Massachusetts. The bank makes money on the spread between interest earned on loans and securities and interest paid on deposits and borrowings. Founded in 1890, Everett Co-operative Bank completed its mutual-to-stock conversion on July 27, 2022, forming ECB Bancorp as the holding company. As of December 31, 2025, the loan portfolio totaled approximately $1.38 billion, with one-to-four family residential real estate loans at $473.4 million (34.2%), multifamily real estate loans at $425.4 million (30.8%), commercial real estate loans at $336.4 million (24.3%), construction loans at $89.0 million (6.4%), home equity lines of credit and loans at $49.9 million (3.6%), and commercial loans at $7.9 million (0.6%). The bank operates three full-service branches in Everett, Lynnfield, and Woburn, Massachusetts, serving the greater Boston metropolitan area.

Revenue model

Net interest income from loans and securities, funded by customer deposits and Federal Home Loan Bank advances. Interest and fees on loans are the primary income source. At December 31, 2025, outstanding FHLB advances were $284.8 million.

Products and services

Loan products: one-to-four family residential real estate loans, multifamily real estate loans, commercial real estate loans, construction loans, home equity lines of credit and loans, and commercial loans. Deposit products: certificates of deposit, individual retirement accounts, money market accounts, savings accounts, and interest-bearing and noninterest-bearing checking accounts. Securities portfolio: U.S. government and federal agency obligations, collateralized mortgage obligations, mortgage-backed securities, and corporate bonds. Cash management services and high-yield consumer and business deposit products introduced as part of retail expansion.

Customers and end markets

General public, residential real estate borrowers, multifamily property owners, commercial real estate investors, and commercial businesses in Middlesex, Essex, Suffolk, and Norfolk Counties, Massachusetts. Deposit market area is Middlesex, Essex, and Suffolk Counties. Primary lending area extends to Norfolk County.

Value-chain role

Direct originator and portfolio lender. Historically participated larger commercial real estate loans out to other local banking institutions; post-conversion capital increase has allowed the bank to retain a greater portion of those loans in-house. Funded by retail deposits and FHLB Boston borrowings, with unused FHLB borrowing capacity of $395.4 million and Federal Reserve Bank capacity of $75.7 million as of December 31, 2025.

Geographic exposure

Greater Boston metropolitan area, Massachusetts. Branches in Everett, Lynnfield, and Woburn (Woburn opened September 2023). Branch application filed for Medford, MA in January 2026. Lending area covers Middlesex, Essex, Suffolk, and Norfolk Counties, primarily within the Route 128 corridor.

Competitors

Large national banks, Super-regional banks operating in greater Boston market

Source: SEC 10-K, filed 2026-03-25

Industry: Savings Institutions, Not Federally Chartered Peers: CF Bankshares Inc HMN FINANCIAL INC Oconee Federal Financial Corp Randolph Bancorp, Inc. Rhinebeck Bancorp Inc Provident Financial Holdings Inc Rocket Companies Inc Security National Financial Corp