NorthEast Community Bancorp IncMD
For the period ended Apr 25, 2024. Filed Apr 26, 2024.
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Apr 25, 2024 · Filed Apr 26, 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 March 31, 2024 | Quarter Ended March 31, 2023 | |||||
|---|---|---|---|---|---|---|
| Average | Interest | Average | Average | Interest | Average | |
| Balance | and dividend | Yield | Balance | and dividend | Yield | |
| (In thousands, except yield/cost information) · (In thousands, except yield/cost information) | ||||||
| Loan receivable gross | $1,612,343 | $36,703 | 9.11% | $1,269,850 | $27,575 | 8.69% |
| Securities | 33,848 | 197 | 2.33% | 44,523 | 211 | 1.90% |
| Federal Home Loan Bank stock | 842 | 21 | 9.98% | 1,150 | 22 | 7.65% |
| Other interest-earning assets | 91,552 | 1,200 | 5.24% | 61,484 | 703 | 4.57% |
| Total interest-earning assets | 1,738,585 | 38,121 | 8.77% | 1,377,007 | 28,511 | 8.28% |
| Allowance for credit losses | (5,091) | (5,459) | ||||
| Non-interest-earning assets | 88,859 | 80,900 | ||||
| Total assets | $1,822,353 | $1,452,448 | ||||
| Interest-bearing demand deposit | $171,483 | $1,817 | 4.24% | $90,199 | $428 | 1.90% |
| Savings and club accounts | 182,771 | 1,202 | 2.63% | 286,510 | 1,913 | 2.67% |
| Certificates of deposit | 810,586 | 9,375 | 4.63% | 431,259 | 3,211 | 2.98% |
| Total interest-bearing deposits | 1,164,840 | 12,394 | 4.26% | 807,968 | 5,552 | 2.75% |
| Borrowed money | 61,092 | 741 | 4.85% | 19,056 | 121 | 2.54% |
| Total interest-bearing liabilities | 1,225,932 | 13,135 | 4.29% | 827,024 | 5,673 | 2.74% |
| Non-interest-bearing demand deposit | 291,909 | 345,298 | ||||
| Other non-interest-bearing liabilities | 18,090 | 15,181 | ||||
| Total liabilities | 1,535,931 | 1,187,503 | ||||
| Equity | 286,422 | 264,945 | ||||
| Total liabilities and equity | $1,822,353 | $1,452,448 | ||||
| Net interest income / interest spread | $24,986 | 4.48% | $22,838 | 5.54% | ||
| Net interest rate margin | 5.75% | 6.63% | ||||
| Net interest earning assets | $512,653 | $549,983 | ||||
| Average interest-earning assets | ||||||
| to interest-bearing liabilities | 141.82% | 166.50% | ||||
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