Northeast Community Bancorp Inc

necommunitybank.com

Northeast Community Bancorp Inc (NASDAQ: NECB) is a community banking company that originates loans and accepts deposits through its subsidiary bank headquartered in White Plains, New York. Revenue comes primarily from net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings. Construction loans dominate the portfolio, representing $1.3 billion, or 71.8%, of total loans net of loans in process as of December 31, 2025. The bank also generates non-interest income from loan fees, service charges, ATM and debit card fees, and bank-owned life insurance earnings. Non-interest expense totaled $42.7 million for the year ended December 31, 2025, up 9.2% from $39.1 million in 2024, driven primarily by salaries and employee benefits. The Bank was founded in 1934 and operates eleven branch offices across Bronx, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts, plus three loan production offices.