---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-133527"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T14:35:09.850099+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NECB Q3 net income drops to $730K from $3.1M; $3.6M loan charge-off drives provision

## Summary
- Q3 2021 EPS $0.05 vs $0.26 YoY; nine-month EPS $0.48 vs $0.74.
- Net interest income rose 11.3% to $10.9M on higher earning assets; margin 4.26%.
- Provision for loan losses surged to $3.6M, primarily from a $3.6M non-residential bridge loan charge-off.
- Non-performing assets fell to $2.0M (0.18% of assets) from $5.6M at Dec 2020.
- Assets grew 14.4% to $1.1B; deposits up 5.8%, equity +61.7% on second-step conversion.

## SEC filing metadata
- accession: 0001104659-21-133527
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465921133527/0001104659-21-133527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465921133527/tm2131447d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-133527
- JSON: https://secwatch.observer/filing/0001104659-21-133527.json
- Plain text: https://secwatch.observer/filing/0001104659-21-133527.txt

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