---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-022616"
form_type: "8-K/A"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-24T23:57:29.073550+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NECB charges off $1.0M loan after borrower fraud; reduces Q4 net income by $717K

## Summary
- Borrower pleaded guilty to federal loan fraud; bail revoked on additional charges, now incarcerated.
- $1.0M C&I loan fully charged off as of Dec 31, 2024; loan was performing at year-end.
- Charge-off reduces Q4 net income by $717K ($0.04 EPS) via $1.0M provision increase and $283K tax benefit.
- Total loans decreased by $1.0M; stockholders' equity down $717K; updated financials in Exhibit 99.1.
- Management discussed with auditor S.R. Snodgrass and Board; company pursuing remedies.

## SEC filing metadata
- accession: 0001104659-25-022616
- form_type: 8-K/A
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- 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/1847398/000110465925022616/0001104659-25-022616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465925022616/tm258804d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-022616
- JSON: https://secwatch.observer/filing/0001104659-25-022616.json
- Plain text: https://secwatch.observer/filing/0001104659-25-022616.txt

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