---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-098834"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2021-08-02T23:59:59+00:00"
generated_at: "2026-06-30T00:04:54.480763+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NECB Q2 net income $3.7M ($0.31/sh) vs $2.5M ($0.21) YoY; NIM expands

## Summary
- Net income $3.7M ($0.31 per share) in Q2 2021 vs $2.5M ($0.21) in Q2 2020; six-month net income $7.0M ($0.58/sh).
- Net interest income rose 9.1% to $10.4M; net interest margin expanded 18 bps to 4.49%.
- Completed second-step conversion offering with $74.9M in stock subscriptions; total assets up 11.2% to $1.1B.
- Non-performing assets to total assets remained low at 0.52%; allowance for loan losses $5.1M (0.61% of total loans).
- Loan commitments, loans-in-process and standby LCs totaled $785.7M; only $9.5M in loans still in COVID deferral.

## SEC filing metadata
- accession: 0001104659-21-098834
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2021-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465921098834/0001104659-21-098834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465921098834/tm2123880d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-098834
- JSON: https://secwatch.observer/filing/0001104659-21-098834.json
- Plain text: https://secwatch.observer/filing/0001104659-21-098834.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.