NorthEast Community Bancorp IncMD
For the period ended Feb 1, 2024. Filed Feb 5, 2024.
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Feb 1, 2024 · Filed Feb 5, 2024
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NECB$29.01+0.0%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · NET INTEREST MARGIN ANALYSIS
NET INTEREST MARGIN ANALYSIS
| Quarter Ended December 31, 2023 | Quarter Ended December 31, 2022 | |||||
|---|---|---|---|---|---|---|
| Average | Interest | Average | Average | Interest | Average | |
| Balance | and dividend | Yield | Balance | and dividend | Yield | |
| (In thousands, except yield/cost information) | ||||||
| Loan receivable gross | $1,545,446 | $35,660 | 9.23% | $1,160,736 | $23,748 | 8.18% |
| Securities | 33,124 | 188 | 2.27% | 44,825 | 196 | 1.75% |
| Federal Home Loan Bank stock | 929 | 21 | 9.04% | 1,238 | 20 | 6.46% |
| Other interest-earning assets | 83,436 | 1,257 | 6.03% | 54,339 | 542 | 3.99% |
| Total interest-earning assets | 1,662,935 | 37,126 | 8.93% | 1,261,138 | 24,506 | 7.77% |
| Allowance for credit losses | (4,771) | (5,462) | ||||
| Non-interest-earning assets | 87,557 | 83,687 | ||||
| Total assets | $1,745,721 | $1,339,363 | ||||
| Interest-bearing demand deposit | $118,691 | $1,026 | 3.46% | $95,448 | $317 | 1.33% |
| Savings and club accounts | 206,120 | 1,404 | 2.72% | 262,994 | 1,347 | 2.05% |
| Certificates of deposit | 758,928 | 8,701 | 4.59% | 327,551 | 1,757 | 2.15% |
| Total interest-bearing deposits | 1,083,739 | 11,131 | 4.11% | 685,993 | 3,421 | 1.99% |
| Borrowed money | 67,049 | 789 | 4.71% | 21,000 | 138 | 2.63% |
| Total interest-bearing liabilities | 1,150,788 | 11,920 | 4.14% | 706,993 | 3,559 | 2.01% |
| Non-interest-bearing demand deposit | 298,739 | 349,991 | ||||
| Other non-interest-bearing liabilities | 19,449 | 18,034 | ||||
| Total liabilities | 1,468,976 | 1,075,018 | ||||
| Equity | 276,745 | 264,345 | ||||
| Total liabilities and equity | $1,745,721 | $1,339,363 | ||||
| Net interest income / interest spread | $25,206 | 4.79% | $20,947 | 5.76% | ||
| Net interest rate margin | 6.06% | 6.64% | ||||
| Net interest earning assets | $512,147 | $554,145 | ||||
| Average interest-earning assets to interest-bearing liabilities | 144.50% | 178.38% | ||||
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