---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-053325"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:47:56.316124+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NECB Q1 2022 net income $3.6M ($0.23/share), up 12.3% YoY; no loan deferrals

## Summary
- Net income $3.6M ($0.23 basic/diluted) vs $3.2M ($0.20) in Q1 2021; net interest income up 15.2% to $11.9M.
- Loan originations $121.8M, primarily construction; net loans up 3.5% to $1.0B; deposits rose 7.0% to $991.9M.
- Non-performing assets 0.16% of total assets; no non-performing loans; no COVID deferrals outstanding at March 31.
- Net interest margin declined to 4.08% from 4.59%; unrealized loss of $634K on equity securities from rising rates.
- Bank remains well-capitalized: tier 1 leverage 16.03%, total risk-based 15.03%.

## SEC filing metadata
- accession: 0001104659-22-053325
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465922053325/0001104659-22-053325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465922053325/tm2213947d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-053325
- JSON: https://secwatch.observer/filing/0001104659-22-053325.json
- Plain text: https://secwatch.observer/filing/0001104659-22-053325.txt

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