NorthEast Community Bancorp IncMD
For the period ended Jan 29, 2025. Filed Jan 31, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Jan 29, 2025 · Filed Jan 31, 2025
Use the contents to explore the available documents and sections.
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, 2024 | Quarter Ended December 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 | $1,784,920 | $39,081 | 8.76% | $1,545,446 | $35,660 | 9.23% |
| Securities | 36,817 | 232 | 2.52% | 33,124 | 188 | 2.27% |
| Federal Home Loan Bank stock | 455 | 15 | 13.19% | 929 | 21 | 9.04% |
| Other interest-earning assets | 90,279 | 1,144 | 5.07% | 83,436 | 1,257 | 6.03% |
| Total interest-earning assets | 1,912,471 | 40,472 | 8.46% | 1,662,935 | 37,126 | 8.93% |
| Allowance for credit losses | (4,833) | (4,771) | ||||
| Non-interest-earning assets | 92,422 | 87,557 | ||||
| Total assets | $2,000,060 | $1,745,721 | ||||
| Interest-bearing demand deposit | $233,112 | $2,198 | 3.77% | $118,691 | $1,026 | 3.46% |
| Savings and club accounts | 137,295 | 767 | 2.23% | 206,120 | 1,404 | 2.72% |
| Certificates of deposit | 1,026,433 | 12,195 | 4.75% | 758,928 | 8,701 | 4.59% |
| Total interest-bearing deposits | 1,396,840 | 15,160 | 4.34% | 1,083,739 | 11,131 | 4.11% |
| Borrowed money | 1,293 | 14 | 4.33% | 67,049 | 789 | 4.71% |
| Total interest-bearing liabilities | 1,398,133 | 15,174 | 4.34% | 1,150,788 | 11,920 | 4.14% |
| Non-interest-bearing demand deposit | 263,711 | 298,739 | ||||
| Other non-interest-bearing liabilities | 21,428 | 19,449 | ||||
| Total liabilities | 1,683,272 | 1,468,976 | ||||
| Equity | 316,788 | 276,745 | ||||
| Total liabilities and equity | $2,000,060 | $1,745,721 | ||||
| Net interest income / interest spread | $25,298 | 4.12% | $25,206 | 4.79% | ||
| Net interest rate margin | 5.29% | 6.06% | ||||
| Net interest earning assets | $514,338 | $512,147 | ||||
| Average interest-earning assets | ||||||
| to interest-bearing liabilities | 136.79% | 144.50% | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.