2023 Q1 Form 10-K Financial Statement

#000155837023005059 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $28.51M $72.00M
YoY Change 114.8% 48.75%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $316.0K $354.0K $1.200M
YoY Change 5.69% 26.43% 9.09%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.673M $8.127M
YoY Change 320.85% 59.32%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $15.76M $12.65M $34.43M
YoY Change 230.9% 129.55% 121.07%
Income Tax $4.517M $4.385M $9.586M
% Of Pretax Income 28.66% 34.67% 27.84%
Net Earnings $11.24M $8.263M $24.84M
YoY Change 208.48% 96.27% 108.68%
Net Earnings / Revenue 39.44% 34.5%
Basic Earnings Per Share $0.77 $1.61
Diluted Earnings Per Share $0.77 $0.54 $1.58
COMMON SHARES
Basic Shares Outstanding 15.43M 16.12M 15.43M
Diluted Shares Outstanding 14.70M 15.73M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $77.05M $95.31M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $29.81M $30.17M $30.17M
YoY Change 16.96% 26.21% 6.62%
Goodwill $200.0K $200.0K
YoY Change -69.28% -69.28%
Intangibles
YoY Change
Long-Term Investments $18.27M $18.04M $18.04M
YoY Change -5.4% -9.34% -9.34%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.503B $1.425B $1.425B
YoY Change 17.28% 16.32% 16.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.32M $14.75M $14.75M
YoY Change 28.61% 9.29% 9.29%
Accrued Expenses $2.234M $2.363M $2.363M
YoY Change -9.7% -9.12% -9.12%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.55M $17.12M $17.12M
YoY Change 20.2% 6.32% 6.32%
LONG-TERM LIABILITIES
Long-Term Debt $542.0K $533.0K $533.0K
YoY Change 7.33% 6.6% 6.6%
Other Long-Term Liabilities $3.753M $2.369M $2.369M
YoY Change 65.26% 24.68% 24.68%
Total Long-Term Liabilities $4.295M $2.902M $2.902M
YoY Change 54.72% 20.92% 20.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.55M $17.12M $17.12M
Total Long-Term Liabilities $4.295M $2.902M $2.902M
Total Liabilities $1.240B $1.163B $1.163B
YoY Change 20.76% 19.44% 19.44%
SHAREHOLDERS EQUITY
Retained Earnings $134.0M $132.7M
YoY Change 14.49% 16.05%
Common Stock $153.0K $161.0K
YoY Change -6.71% -1.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $262.5M $262.1M $262.1M
YoY Change
Total Liabilities & Shareholders Equity $1.503B $1.425B $1.425B
YoY Change 17.28% 16.32% 16.32%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $11.24M $8.263M $24.84M
YoY Change 208.48% 96.27% 108.68%
Depreciation, Depletion And Amortization $316.0K $354.0K $1.200M
YoY Change 5.69% 26.43% 9.09%
Cash From Operating Activities $10.95M $13.09M $27.54M
YoY Change 1222.34% 46.94% 27.76%
INVESTING ACTIVITIES
Capital Expenditures $96.00K $68.00K $3.304M
YoY Change -94.9% -109.07% -48.78%
Acquisitions
YoY Change
Other Investing Activities $154.8M -$99.96M -$253.3M
YoY Change -559.35% 37.04% 46.91%
Cash From Investing Activities -$98.54M -$100.0M -$256.6M
YoY Change 176.88% 35.74% 43.46%
FINANCING ACTIVITIES
Cash Dividend Paid $969.0K $6.868M
YoY Change -1.42% 203.76%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.33M 127.3M 172.1M
YoY Change 21.25% 16.74% -28.41%
NET CHANGE
Cash From Operating Activities 10.95M 13.09M 27.54M
Cash From Investing Activities -98.54M -100.0M -256.6M
Cash From Financing Activities 69.33M 127.3M 172.1M
Net Change In Cash -18.26M 40.38M -56.96M
YoY Change -181.48% -8.8% -168.56%
FREE CASH FLOW
Cash From Operating Activities $10.95M $13.09M $27.54M
Capital Expenditures $96.00K $68.00K $3.304M
Free Cash Flow $10.85M $13.02M $24.24M
YoY Change -1128.72% 34.82% 60.44%

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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-31000
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
353000
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
27000
CY2022 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
380000
CY2021 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
58000
CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
85000
CY2021 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
12000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
295000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
25138000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11951000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
251382000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
24843000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
295000
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2022 us-gaap Dividends
Dividends
6496000
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9318000
CY2022 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
116000
CY2022 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
92000
CY2022 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
1075000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
261989000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
153825000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
11905000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46000
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2021 us-gaap Dividends
Dividends
2887000
CY2021 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
931000
CY2021 necb Purchase Of Unearned Common Stock Held By Employee Stock Ownership Plan
PurchaseOfUnearnedCommonStockHeldByEmployeeStockOwnershipPlan
7828000
CY2021 necb Second Step Conversion Shares Sold In Public Offering Value
SecondStepConversionSharesSoldInPublicOfferingValue
95390000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
251382000
CY2022Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1.3400
CY2022 us-gaap Net Income Loss
NetIncomeLoss
24843000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
11905000
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-27000
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2000
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
439000
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3610000
CY2022 us-gaap Depreciation
Depreciation
1246000
CY2021 us-gaap Depreciation
Depreciation
1117000
CY2022 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-509000
CY2021 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-82000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1308000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
118000
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1573000
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-389000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
451000
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
540000
CY2022 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
604000
CY2021 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
600000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
98000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
7000
CY2022 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
1075000
CY2021 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
931000
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
92000
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
116000
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
4314000
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
445000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1269000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-830000
CY2022 necb Increase Decrease In Accounts Payable Loan Closing
IncreaseDecreaseInAccountsPayableLoanClosing
91000
CY2021 necb Increase Decrease In Accounts Payable Loan Closing
IncreaseDecreaseInAccountsPayableLoanClosing
-2688000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1774000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
940000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27539000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21556000
CY2022 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
257844000
CY2021 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
166670000
CY2022 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
12770000
CY2021 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
17758000
CY2021 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
3140000
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1495000
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
4808000
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
10000000
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
10038000
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
15304000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
109000
CY2022 necb Proceeds From Payments For Restricted Investments
ProceedsFromPaymentsForRestrictedInvestments
-331000
CY2021 necb Proceeds From Payments For Restricted Investments
ProceedsFromPaymentsForRestrictedInvestments
-26000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3304000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6451000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-256590000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-178863000
CY2022 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
194791000
CY2021 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
155458000
CY2022 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
7000000
CY2021 necb Payments For Loan To Employee Stock Ownership Plan
PaymentsForLoanToEmployeeStockOwnershipPlan
7828000
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
95390000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9318000
CY2022 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
485000
CY2021 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-374000
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
6868000
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
2261000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
172090000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
240385000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-56961000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
83078000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152269000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69191000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95308000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152269000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9195000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3569000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
8012000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
4982000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
289000
CY2022 necb Recognition Of Operating Lease Liability
RecognitionOfOperatingLeaseLiability
289000
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
971000
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
925000
CY2022Q4 necb Number Of Branch Office
NumberOfBranchOffice
11
CY2022Q4 necb Number Of Loan Production Office
NumberOfLoanProductionOffice
3
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 10pt 0pt;">Use of Estimates:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;">The preparation of consolidated financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect certain recorded amounts and disclosures.  Accordingly, actual results could differ from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;">The most significant estimate pertains to the allowance for loan losses.  The borrowers’ abilities to meet contractual obligations and collateral value are the most significant assumptions used to arrive at the estimate.  The risks associated with such estimates arise when unforeseen conditions affect the borrowers’ abilities to meet the contractual obligations of the loan and result in a decline in the value of the supporting collateral.  Such unforeseen changes may have an adverse effect on the consolidated results of operations and financial position of the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;">In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses.  Such agencies may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;">Additionally, the Company is exposed to significant changes in market interest rates.  Such changes could have an adverse effect on consolidated earnings and consolidated financial position, particularly in those situations in which the maturities or re-pricing of assets are different than the maturities or re-pricing of the supporting liabilities.</p>
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 10pt 0pt;">Concentration of Risk:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;">The Company’s lending activity is concentrated in construction and permanent loans secured by multi-family and non-residential real estate located primarily in the Northeast and Mid-Atlantic regions of the United States.  As of December 31, 2022 and 2021, the Company had majority of construction loans located in New York state, including $440.6 million and $279.1 million in the Bronx, $104.3 million and $85.5 million in the Village of Spring Valley, $103.8 million and $87.5 million in the Hamlet of Monsey, $31.8 million and $51.5 million in Brooklyn, and $122.4 million and $76.4 million in the Town of Monroe.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 18pt;">The Company also had deposits in excess of the FDIC insurance limit at other financial institutions.  At December 31, 2022 and 2021, such deposits totaled $59.0 million and $125.0 million held by the Federal Reserve Bank of New York, $26.4 million and $21.9 million held by the Federal Home Loan Bank of New York, and $1.0 million and $1.0 million held by Atlantic Community Bankers Bank (“ACBB”).  Generally, deposits in excess of $250,000 are not insured by the FDIC.</p>
CY2022Q4 us-gaap Goodwill
Goodwill
200000
CY2021Q4 us-gaap Goodwill
Goodwill
651000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
451000
CY2022 necb Real Estate Owned Written Off
RealEstateOwnedWrittenOff
540000
CY2021 necb Real Estate Owned Written Off
RealEstateOwnedWrittenOff
0
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
156000
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
197000
CY2022Q4 necb Accumulated Other Comprehensive Income Loss Actuarial Losses Of Directors Retirement Plan
AccumulatedOtherComprehensiveIncomeLossActuarialLossesOfDirectorsRetirementPlan
41000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-139000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
183000
CY2021Q4 necb Accumulated Other Comprehensive Income Loss Actuarial Losses Of Directors Retirement Plan
AccumulatedOtherComprehensiveIncomeLossActuarialLossesOfDirectorsRetirementPlan
44000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
24843000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
11905000
CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16309000
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17088000
CY2021 us-gaap Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
730000
CY2022 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
822000
CY2021 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
504000
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
54000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15433000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15854000
CY2022 necb Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStock
293000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15726000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
16049454
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
16377936
CY2006Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5951250
CY2022Q4 necb Percentage Of Capital Conservation Buffer
PercentageOfCapitalConservationBuffer
0.0250
CY2021Q4 necb Percentage Of Capital Conservation Buffer
PercentageOfCapitalConservationBuffer
0.0250
CY2022Q4 necb Percentage Of Capital Conservation Buffer
PercentageOfCapitalConservationBuffer
0.0250
CY2022Q4 us-gaap Capital
Capital
222728000
CY2022Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1366
CY2022Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
130429000
CY2022Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0800
CY2022Q4 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
163036000
CY2022Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1000
CY2022Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
217283000
CY2022Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1333
CY2022Q4 necb Tieroneriskbasedcapitalrequiredforcapitaladequacywithbuffer
Tieroneriskbasedcapitalrequiredforcapitaladequacywithbuffer
97822000
CY2022Q4 necb Tier One Risk Based Capital Required For Capital Adequacy With Buffer To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithBufferToRiskWeightedAssets
0.0600
CY2022Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
130429000
CY2022Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0800
CY2022Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
217283000
CY2022Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1333
CY2022Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
73366000
CY2022Q4 necb Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0450
CY2022Q4 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
105973000
CY2022Q4 necb Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0650
CY2022Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
217283000
CY2022Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1650
CY2022Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
52687000
CY2022Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2022Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
65858000
CY2022Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
CY2021Q4 us-gaap Capital
Capital
196155000
CY2021Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1528
CY2022Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
855000
CY2022Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
769000
CY2021Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
102702000
CY2021Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0800
CY2021Q4 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
128377000
CY2021Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1000
CY2021Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
190941000
CY2021Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1487
CY2021Q4 necb Tieroneriskbasedcapitalrequiredforcapitaladequacywithbuffer
Tieroneriskbasedcapitalrequiredforcapitaladequacywithbuffer
77026000
CY2021Q4 necb Tier One Risk Based Capital Required For Capital Adequacy With Buffer To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithBufferToRiskWeightedAssets
0.0600
CY2021Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
102702000
CY2021Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0800
CY2021Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
190941000
CY2021Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1487
CY2021Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
57770000
CY2021Q4 necb Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0450
CY2021Q4 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
83445000
CY2021Q4 necb Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0650
CY2021Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
190941000
CY2021Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1679
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
45486000
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2021Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
56857000
CY2021Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
CY2022Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
948661000
CY2021Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
748980000
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
18041000
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
19943000
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1902000
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-389000
CY2022 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
329000
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1573000
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-389000
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
0
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
0
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
26395000
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
3530000
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
22865000
CY2021Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
17880000
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
67000
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
327000
CY2021Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
17620000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
10563000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
10547000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
1608000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1790000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
3067000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
2798000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
11157000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
7730000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
26395000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue
22865000
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
13115000
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
537000
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
9742000
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2993000
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
22857000
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
3530000
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
13080000
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
327000
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
13080000
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
327000
CY2022 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
1248000
CY2022Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1217321000
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
972851000
CY2022Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-372000
CY2021Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-484000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5474000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5242000
CY2022Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1212219000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
968093000
CY2022Q4 necb Loans Serviced For Benefit Of Others
LoansServicedForBenefitOfOthers
22350000
CY2021Q4 necb Loans Serviced For Benefit Of Others
LoansServicedForBenefitOfOthers
14610000
CY2022 necb Proceeds From Sale Of Loan Participations
ProceedsFromSaleOfLoanParticipations
11500000
CY2021 necb Proceeds From Sale Of Loan Participations
ProceedsFromSaleOfLoanParticipations
14600000
CY2022 necb Number Of Loans Sold
NumberOfLoansSold
1
CY2022 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
1578000
CY2022 necb Sale Of Loan Interest Reserve
SaleOfLoanInterestReserve
63000
CY2022 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
391000
CY2021 necb Number Of Loans Sold
NumberOfLoansSold
2
CY2021 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
3148000
CY2021 necb Sale Of Loan Interest Reserve
SaleOfLoanInterestReserve
242000
CY2021 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
0
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5474000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
5474000
CY2022Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1217321000
CY2022Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
855000
CY2022Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1216466000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5242000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
5088000
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
972851000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1622000
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
971229000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5242000
CY2022 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
449000
CY2022 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
242000
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
439000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5474000
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5088000
CY2021 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
3616000
CY2021 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
160000
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3610000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5242000
CY2021 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
3600000
CY2022 necb Number Of Loans That Had Defaulted Which Were Modified In Previous Twelve Months
NumberOfLoansThatHadDefaultedWhichWereModifiedInPreviousTwelveMonths
0
CY2022Q4 necb Demand Deposit Overdrafts
DemandDepositOverdrafts
517000
CY2022Q4 us-gaap Time Deposits Weighted Average Interest Rate Maturities Year Four
TimeDepositsWeightedAverageInterestRateMaturitiesYearFour
0.0075
CY2022 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
57000
CY2022Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
855000
CY2022Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
769000
CY2022 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1248000
CY2022 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
57000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1622000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
1689000
CY2021 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
5877000
CY2021 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
122000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
1622000
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
1689000
CY2021 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
5877000
CY2021 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
122000
CY2021Q4 necb Nonaccrual Loans
NonaccrualLoans
0
CY2022Q4 necb Nonaccrual Loans
NonaccrualLoans
0
CY2022 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
23000
CY2022Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1217321000
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
972851000
CY2022Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1217321000
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
972851000
CY2022 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
69000
CY2021 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
154000
CY2022 necb Loans And Leases Receivable Impaired Interest Income Recognized On Troubled Debt
LoansAndLeasesReceivableImpairedInterestIncomeRecognizedOnTroubledDebt
57000
CY2021 necb Loans And Leases Receivable Impaired Interest Income Recognized On Troubled Debt
LoansAndLeasesReceivableImpairedInterestIncomeRecognizedOnTroubledDebt
122000
CY2022 necb Loans And Leases Receivable Impaired Interest Lost On Troubled Debt
LoansAndLeasesReceivableImpairedInterestLostOnTroubledDebt
12000
CY2021 necb Loans And Leases Receivable Impaired Interest Lost On Troubled Debt
LoansAndLeasesReceivableImpairedInterestLostOnTroubledDebt
32000
CY2021 necb Number Of Loans Modified That Were Deemed Troubled Debt Restructuring
NumberOfLoansModifiedThatWereDeemedTroubledDebtRestructuring
0
CY2022 necb Number Of Loans Modified That Were Deemed Troubled Debt Restructuring
NumberOfLoansModifiedThatWereDeemedTroubledDebtRestructuring
0
CY2021 necb Number Of Loans That Had Defaulted Which Were Modified In Previous Twelve Months
NumberOfLoansThatHadDefaultedWhichWereModifiedInPreviousTwelveMonths
0
CY2021Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
38373000
CY2021Q4 us-gaap Time Deposits Weighted Average Interest Rate Maturities Year Four
TimeDepositsWeightedAverageInterestRateMaturitiesYearFour
0.0063
CY2022Q4 necb Time Deposit Maturities After Year Four
TimeDepositMaturitiesAfterYearFour
13117000
CY2022Q4 necb Time Deposits Weighted Average Interest Rate Maturities Greater Than Four Years
TimeDepositsWeightedAverageInterestRateMaturitiesGreaterThanFourYears
0.0128
CY2021Q4 necb Time Deposit Maturities After Year Four
TimeDepositMaturitiesAfterYearFour
12748000
CY2021Q4 necb Time Deposits Weighted Average Interest Rate Maturities Greater Than Four Years
TimeDepositsWeightedAverageInterestRateMaturitiesGreaterThanFourYears
0.0131
CY2022Q4 us-gaap Time Deposits
TimeDeposits
383692000
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit Certificates Of Deposit
WeightedAverageRateDomesticDepositCertificatesOfDeposit
0.0275
CY2021Q4 us-gaap Time Deposits
TimeDeposits
292995000
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit Certificates Of Deposit
WeightedAverageRateDomesticDepositCertificatesOfDeposit
0.0097
CY2022Q4 us-gaap Deposits
Deposits
1121955000
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0167
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38920000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35744000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12857000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11837000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26063000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23907000
CY2022 us-gaap Depreciation
Depreciation
1200000
CY2021 us-gaap Depreciation
Depreciation
1100000
CY2022Q4 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
8532000
CY2021Q4 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
4204000
CY2022Q4 necb Accrued Interest Receivable On Securities
AccruedInterestReceivableOnSecurities
65000
CY2021Q4 necb Accrued Interest Receivable On Securities
AccruedInterestReceivableOnSecurities
79000
CY2022Q4 necb Interest Receivable Before Allowance For Credit Loss
InterestReceivableBeforeAllowanceForCreditLoss
8597000
CY2021Q4 necb Interest Receivable Before Allowance For Credit Loss
InterestReceivableBeforeAllowanceForCreditLoss
4283000
CY2021Q4 us-gaap Deposits
Deposits
927164000
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0050
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
1310000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
1310000
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1110000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
659000
CY2022Q4 us-gaap Goodwill
Goodwill
200000
CY2021Q4 us-gaap Goodwill
Goodwill
651000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
451000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1
CY2022Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
1456000
CY2021Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
1996000
CY2022 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
623000
CY2021 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
93000
CY2022Q4 us-gaap Land
Land
500000
CY2021Q4 us-gaap Land
Land
500000
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1442000
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1442000
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1942000
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1942000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
498000
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
461000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1444000
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1481000
CY2021 necb Number Of Property Held For Investment
NumberOfPropertyHeldForInvestment
1
CY2022 necb Number Of Property Held For Investment
NumberOfPropertyHeldForInvestment
1
CY2022Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
376302000
CY2021Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
330853000
CY2022Q4 us-gaap Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
88122000
CY2022Q4 necb Weighted Average Rate Domestic Deposit Money Market And Negotiable Order Of Withdrawal Now
WeightedAverageRateDomesticDepositMoneyMarketAndNegotiableOrderOfWithdrawalNow
0.0095
CY2021Q4 us-gaap Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
118420000
CY2021Q4 necb Weighted Average Rate Domestic Deposit Money Market And Negotiable Order Of Withdrawal Now
WeightedAverageRateDomesticDepositMoneyMarketAndNegotiableOrderOfWithdrawalNow
0.0053
CY2022Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
464424000
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit Demand
WeightedAverageRateDomesticDepositDemand
0.0018
CY2021Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
449273000
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit Demand
WeightedAverageRateDomesticDepositDemand
0.0014
CY2022Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
273839000
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit Savings
WeightedAverageRateDomesticDepositSavings
0.0268
CY2021Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
184896000
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit Savings
WeightedAverageRateDomesticDepositSavings
0.0063
CY2022Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
258873000
CY2022Q4 us-gaap Time Deposits Weighted Average Interest Rate Maturities Year One
TimeDepositsWeightedAverageInterestRateMaturitiesYearOne
0.0311
CY2021Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
189247000
CY2021Q4 us-gaap Time Deposits Weighted Average Interest Rate Maturities Year One
TimeDepositsWeightedAverageInterestRateMaturitiesYearOne
0.0089
CY2022Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
76180000
CY2022Q4 us-gaap Time Deposits Weighted Average Interest Rate Maturities Year Two
TimeDepositsWeightedAverageInterestRateMaturitiesYearTwo
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CY2021Q4 us-gaap Finance Lease Right Of Use Asset
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