NorthEast Community Bancorp IncMD
For the period ended Jul 22, 2024. Filed Jul 24, 2024.
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Jul 22, 2024 · Filed Jul 24, 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
| Three Months Ended June 30, 2024 | Three Months Ended June 30, 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 | $1,687,029 | $38,634 | 9.16% | $1,341,597 | $30,494 | 9.09% |
| Securities | 33,438 | 199 | 2.38% | 39,967 | 198 | 1.98% |
| Federal Home Loan Bank stock | 704 | 19 | 10.80% | 928 | 21 | 9.05% |
| Other interest-earning assets | 89,736 | 1,385 | 6.17% | 72,991 | 1,001 | 5.49% |
| Total interest-earning assets | 1,810,907 | 40,237 | 8.89% | 1,455,483 | 31,714 | 8.72% |
| Allowance for credit losses | (4,927) | (4,070) | ||||
| Non-interest-earning assets | 91,085 | 83,521 | ||||
| Total assets | $1,897,065 | $1,534,934 | ||||
| Interest-bearing demand deposit | $205,536 | $1,930 | 3.76% | $85,919 | $483 | 2.25% |
| Savings and club accounts | 158,292 | 982 | 2.48% | 267,368 | 1,836 | 2.75% |
| Certificates of deposit | 884,626 | 10,523 | 4.76% | 560,702 | 5,290 | 3.77% |
| Total interest-bearing deposits | 1,248,454 | 13,435 | 4.30% | 913,989 | 7,609 | 3.33% |
| Borrowed money | 47,276 | 580 | 4.91% | 14,000 | 87 | 2.49% |
| Total interest-bearing liabilities | 1,295,730 | 14,015 | 4.33% | 927,989 | 7,696 | 3.32% |
| Non-interest-bearing demand deposit | 285,368 | 322,722 | ||||
| Other non-interest-bearing liabilities | 19,641 | 17,224 | ||||
| Total liabilities | 1,600,739 | 1,267,935 | ||||
| Equity | 296,326 | 266,999 | ||||
| Total liabilities and equity | $1,897,065 | $1,534,934 | ||||
| Net interest income / interest spread | $26,222 | 4.56% | $24,018 | 5.40% | ||
| Net interest rate margin | 5.79% | 6.60% | ||||
| Net interest earning assets | $515,177 | $527,494 | ||||
| Average interest-earning assets to interest-bearing liabilities | 139.76% | 156.84% | ||||
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