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.

Revenue model

Net interest income on loans (primarily construction loans) and investment securities, supplemented by non-interest income from loan fees, service charges, ATM/debit/ACH fees, and bank-owned life insurance earnings.

Products and services

Construction loans, commercial and industrial loans, multifamily and mixed-use residential real estate loans, non-residential real estate loans, retail deposit products (money market accounts, statement savings accounts, IRAs, certificates of deposit), wholesale deposits, bank-owned life insurance.

Customers and end markets

Individuals and businesses in the bank's local market areas in New York and Massachusetts. End markets include residential and commercial real estate construction, small business lending, and retail deposit customers.

Value-chain role

Balance sheet lender and deposit-taking institution. Originates and holds loans funded by retail and wholesale deposits and borrowings.

Geographic exposure

New York (Bronx, Orange, Rockland, Sullivan Counties) and Massachusetts (Essex, Middlesex, Norfolk Counties), with loan production offices in White Plains NY, New City NY, and Danvers MA.

Source: SEC 10-K, filed 2026-03-13

Industry: Savings Institutions, Not Federally Chartered Peers: ESSA Bancorp, Inc. FS Bancorp Inc OP Bancorp Onity Group Inc Ponce Financial Group Inc Rocket Companies Inc Timberland Bancorp Inc Territorial Bancorp Inc. Western New England Bancorp Inc William Penn Bancorporation