---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-013926"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2022-02-08T23:59:59+00:00"
generated_at: "2026-06-27T10:16:52.726621+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NECB Q4 net income up 19.8% to $4.2M; full-year impacted by $3.6M write-off

## Summary
- Q4 net income $4.2M ($0.27/diluted) vs $3.5M ($0.22) YoY, up 19.8% driven by higher net interest income.
- Full-year 2021 net income $11.9M ($0.75/diluted) compared to $12.3M ($0.76) in 2020; includes $3.6M Q3 write-off on a non-residential bridge loan.
- Net interest income rose 13.9% in Q4 to $11.7M; net interest margin was 4.32% vs 4.64% in Q4 2020.
- Non-performing assets fell to 0.16% of total assets at Dec 2021, from 0.58% a year earlier; allowance for loan losses 0.54% of total loans.
- Total assets grew 26.5% to $1.2B; stockholders' equity increased 63.4% to $251.4M primarily from second-step conversion.

## SEC filing metadata
- accession: 0001104659-22-013926
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2022-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465922013926/0001104659-22-013926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465922013926/tm225760d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-013926
- JSON: https://secwatch.observer/filing/0001104659-22-013926.json
- Plain text: https://secwatch.observer/filing/0001104659-22-013926.txt

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