NorthEast Community Bancorp IncMD
For the period ended Oct 28, 2024. Filed Oct 29, 2024.
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Oct 28, 2024 · Filed Oct 29, 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 September 30, 2024 | Three Months Ended September 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 | $1,717,875 | $39,484 | 9.19% | $1,446,946 | $33,757 | 9.33% |
| Securities | 34,920 | 212 | 2.43% | 33,754 | 181 | 2.14% |
| Federal Home Loan Bank stock | 712 | 15 | 8.43% | 929 | 18 | 7.75% |
| Other interest-earning assets | 98,903 | 1,472 | 5.95% | 88,156 | 1,181 | 5.36% |
| Total interest-earning assets | 1,852,410 | 41,183 | 8.89% | 1,569,785 | 35,137 | 8.95% |
| Allowance for credit losses | (4,914) | (4,404) | ||||
| Non-interest-earning assets | 90,313 | 85,133 | ||||
| Total assets | $1,937,809 | $1,650,514 | ||||
| Interest-bearing demand deposit | $228,975 | $2,423 | 4.23% | $78,768 | $522 | 2.65% |
| Savings and club accounts | 140,047 | 848 | 2.42% | 235,613 | 1,624 | 2.76% |
| Certificates of deposit | 946,290 | 11,359 | 4.80% | 707,142 | 7,743 | 4.38% |
| Total interest-bearing deposits | 1,315,312 | 14,630 | 4.45% | 1,021,523 | 9,889 | 3.87% |
| Borrowed money | 23,603 | 267 | 4.52% | 15,631 | 119 | 3.05% |
| Total interest-bearing liabilities | 1,338,915 | 14,897 | 4.45% | 1,037,154 | 10,008 | 3.86% |
| Non-interest-bearing demand deposit | 271,207 | 322,213 | ||||
| Other non-interest-bearing liabilities | 19,758 | 16,694 | ||||
| Total liabilities | 1,629,880 | 1,376,061 | ||||
| Equity | 307,929 | 274,453 | ||||
| Total liabilities and equity | $1,937,809 | $1,650,514 | ||||
| Net interest income / interest spread | $26,286 | 4.44% | $25,129 | 5.09% | ||
| Net interest rate margin | 5.68% | 6.40% | ||||
| Net interest earning assets | $513,495 | $532,631 | ||||
| Average interest-earning assets to interest-bearing liabilities | 138.35% | 151.36% | ||||
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